Ryan T Lee Memorial Foundation Inc
- Assets
- $144.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Berlin, CT
- Founding
- 06/2012
- Data as of
- 12/2022
- EIN
- 45-2438136
Organization Overview
Ryan T Lee Memorial Foundation Inc is located in Berlin, CT. The organization was established in 2012. 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. Ryan T Lee Memorial Foundation Inc 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 12/2022, Ryan T Lee Memorial Foundation Inc generated $116.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $86.7k during the year ending 12/2022. While expenses have increased by 4.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
RAISE FUNDS THROUGH AN ANNUAL GOLF TOURNAMENT AND OTHER PRIVATE SOLICITATIONS TO AWARD SCHOLARSHIPS BASED ON FINANCIAL NEED, ACADEMIC PERFORMANCE, AND INVOLVEMENT IN ATHLETIC ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel J Lee President & Director | 5 | $0 | |
Robert Josephson Secretary & Director | 1 | $0 | |
Michael Rugens Director | 1 | $0 | |
James L Mcnair Director | 1 | $0 | |
John Mcnair Director | 1 | $0 | |
Tim Cote Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $86,866 |
| Total Program Service Revenue | $32,984 |
| Membership dues | $0 |
| Investment income | $1,142 |
| Gain or Loss | -$676 |
| Net Income from Gaming & Fundraising | -$4,362 |
| Other Revenue | $0 |
| Total Revenue | $115,954 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $32,252 |
| Total expenses | $86,720 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $140,368 |
| Other assets | $0 |
| Total assets | $144,868 |
| Total liabilities | $0 |
| Net assets or fund balances | $144,868 |