Ingram Lee Foundation
- Assets
- $1.8m
- Revenue
- $730.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 08/2014
- Data as of
- 12/2022
- EIN
- 46-1135347
Organization Overview
Ingram Lee Foundation is located in Houston, TX. The organization was established in 2014. 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. Ingram Lee 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 12/2022, Ingram Lee Foundation generated $730.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $636.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ingram Lee Foundation has awarded 37 individual grants totaling $1,697,557. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE INGRAM FOUNDATION WAS ESTABLISHED TO AID AND IMPROVE THE LIVES OF MOTIVATED ECONOMICALLY DISADVANTAGED INDIVIDUALS BY PROVIDING ASSISTANCE TO FACILITATE THEIR PROGRESS TO HIGHER EDUCATION FOR THE PURPOSE OF DEVELOPING LIFE SKILLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAISE FUNDS FOR SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia T Lee Chairperson | OfficerTrustee | 0 | $0 |
Trent Kelley President | OfficerTrustee | 3 | $0 |
David Loane Vice President | OfficerTrustee | 3 | $0 |
Penny Loane Secretary-Treas | OfficerTrustee | 3 | $0 |
Dennis Murphy Board Member | Trustee | 2 | $0 |
Mark Bourgeois Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $693,885 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $24,440 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $693,885 |
| Total Program Service Revenue | $0 |
| Investment income | $38,491 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,428 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $730,948 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $406,816 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,583 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $677 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,288 |
| All other expenses | $180 |
| Total functional expenses | $636,476 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,943 |
| Savings and temporary cash investments | $150,491 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,650,999 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,819,433 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,819,433 |
| Total liabilities and net assets/fund balances | $1,819,433 |
Grants Awarded
Over the last fiscal year, Ingram Lee Foundation has awarded $401,816 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
AUBURN UNIVERSITY PURPOSE: Endowment Scholarship | $100,000 |
NICHOLLS STATE UNIVERSITY PURPOSE: Scholarship | $21,816 |
UNIVERSITY OF NEW HAVEN PURPOSE: Endowment Scholarship | $105,000 |
SANTA ROSA JUNIOR COLLEGE PURPOSE: Endowment Scholarship | $50,000 |
UNIVERSITY OF NOTRE DAME PURPOSE: Endowment Scholarship | $75,000 |
UNIVERSITY OF TEXAS FNDN PURPOSE: Endowment Scholarship | $50,000 |