Lee College Foundation Inc

Organization Overview

Lee College Foundation Inc is located in Baytown, TX. The organization was established in 1968. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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 College 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 08/2023, Lee College Foundation Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $1.3m during the year ending 08/2023. While expenses have increased by 13.7% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO SOLICIT AND RECEIVE DONATIONS, GIFTS, AND GRANTS ON BEHALF OF LEE COLLEGE, ITS DEPENDENTS, AND ITS ACTIVITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIPS FOR LEE COLLEGE DISTRICT STUDENTS, CAPITAL FACILITIES ASSISTANCE FOR LEE COLLEGE, AND EMERGENCY ASSISTANCE DUE TO COVID-19.


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Board, Officers & Key Employees

Name (title)Compensation
Gary Englert
Chair
$0
Lynne Foley
Vice-Chair
$0
Roy Fuller
Treasurer
$0
Kristy Claypool
Director
$0
Carl Pickett
Director
$0
Connie Tilton
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$164,316
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$790,632
Noncash contributions included in lines 1a–1f $295,132
Total Revenue from Contributions, Gifts, Grants & Similar$954,948
Total Program Service Revenue$0
Investment income $160,773
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $201,162
Net Income from Fundraising Events -$47,055
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,269,828

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