Lee Foundation
- Assets
- $562.3k
- Revenue
- $340.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Owatonna, MN
- Founding
- 03/2015
- Data as of
- 12/2022
- EIN
- 47-2513505
Organization Overview
Lee Foundation is located in Owatonna, MN. The organization was established in 2015. 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. 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, Lee Foundation generated $340.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $373.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lee Foundation has awarded 22 individual grants totaling $195,670. 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $340,492 |
| Total Revenue | $340,493 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $13,414 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $326,436 |
| Total operating and administrative expenses | $340,525 |
| Contributions, gifts, grants paid | $32,500 |
| Total expenses and disbursements | $373,025 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $231,230 |
| Savings and temporary cash investments | $0 |
| 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 | $331,035 |
| Other assets | $0 |
| Total assets | $562,265 |
| 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, Lee Foundation has awarded $32,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MN PURPOSE: FOOD ENGINEERING RESEARCH | $25,000 |
MN STATE UNIVERSITY MANKATO PURPOSE: FOOD ENGINEERING RESEARCH | $7,500 |