Arthur K & Sylvia S Lee Scholarship Foundation
- Assets
- $551.5k
- Revenue
- $39.5k
- Investments
- $498.7k
- Employees
- 0
- Location
- Franklin, TN
- Founding
- 04/1965
- Data as of
- 12/2021
- EIN
- 36-6069067
Organization Overview
Arthur K & Sylvia S Lee Scholarship Foundation is located in Franklin, TN. The organization was established in 1965. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arthur K & Sylvia S Lee Scholarship Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Arthur K & Sylvia S Lee Scholarship Foundation generated $39.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (18.3%) each year. All expenses for the organization totaled $94.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MADE GRANTS TO BE USED FOR EDUCATIONAL PURPOSES TO THE RECIPIENTS LISTED IN THE ATTACHED STATEMENT.
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PDF Copies of 990 Filings
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $678 |
| Dividends & Interest | $11,753 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $26,485 |
| Capital Gain Net Income | $26,485 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $619 |
| Total Revenue | $39,535 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $13,750 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $430 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,994 |
| Total operating and administrative expenses | $25,650 |
| Contributions, gifts, grants paid | $68,600 |
| Total expenses and disbursements | $94,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,984 |
| Savings and temporary cash investments | $22,782 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $551,490 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Arthur K & Sylvia S Lee Scholarship Foundation has awarded $68,400 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SEE ATTACHMENT #3 PURPOSE: EDUCATIONAL SCHOLARSHIPS | $70,225 |
LESS SCHOLARSHIPS RETURNED PURPOSE: EDUCATIONAL SCHOLARSHIP | -$1,825 |
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|---|---|---|
Golf Club Of Tennessee Kingston Springs, TN | $25,072,540 | $8,179,428 |
Scholarship Foundation Of St Louis St Louis, MO | $49,025,721 | $11,563,775 |
Watson-Brown Foundation Inc Thomson, GA | $0 | $9,697,974 |
National Consortium For Graduate Dgrs Minorities In Engineering Alexandria, VA | $15,486,907 | $10,356,249 |
Laura Holland Uzzell Foundation Morrisville, NC | $14,769,987 | $6,660,101 |
Woodward Hines Education Foundation Jackson, MS | $222,031,290 | $28,726,652 |
Alef Fund Inc Atlanta, GA | $10,107,377 | $6,194,898 |
Catholic Education Foundation Inc Louisville, KY | $34,954,329 | $8,681,774 |
Bill And Carol Latimer Charitable Foundation Union City, TN | $129,837,485 | $34,799,223 |
Chi Omega Foundation Memphis, TN | $45,483,838 | $7,373,045 |
University Of West Georgia Foundation Inc Carrollton, GA | $86,140,941 | $10,389,838 |
Memphis Teacher Residency Inc Memphis, TN | $5,540,031 | $6,575,161 |