Jlee Foundation
- Assets
- $69.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Beaver, WV
- Founding
- 01/2013
- Data as of
- 12/2021
- EIN
- 45-5166773
Organization Overview
Jlee Foundation is located in Beaver, WV. The organization was established in 2013. 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. Jlee 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, Jlee Foundation generated $36.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $30.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.7%) per year over the past 4 years. 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
2021
Describe the Organization's Program Activity:
Part 3
THE JLEE FOUNDATION FOUNDATION HAS RAISED MONIES THROUGH DONATIONS FROM INDIVIDUALS AND CORPORATIONS AND FUND RAISING EVENTS SINCE ITS INCEPTION TO SUPPORT ITS MISSION OF FURTHERING THE EDUCATION OF COLLEGE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence Misiti Treasurer | 2 | $0 | |
James L Hern President | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,025 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $11,514 |
| Other Revenue | $0 |
| Total Revenue | $36,539 |
| 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 | $30,679 |
| Total expenses | $30,679 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $69,847 |
| Other assets | $0 |
| Total assets | $69,847 |
| Total liabilities | $179 |
| Net assets or fund balances | $69,668 |
Peer Organizations
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|---|---|---|
National Consortium For Graduate Dgrs Minorities In Engineering Alexandria, VA | $15,486,907 | $10,356,249 |
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Catholic Education Foundation Inc Louisville, KY | $34,954,329 | $8,681,774 |
Independence Foundation Philadelphia, PA | $78,719,217 | $2,815,934 |
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Henrico Education Foundation Incorporated Henrico, VA | $1,910,582 | $5,313,927 |
Access College Foundation Norfolk, VA | $62,526,055 | $4,039,611 |
Addison Gibson Foundation Pittsburgh, PA | $46,529,076 | $11,633,912 |
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