Lee College Foundation Inc
- Assets
- $16.3m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Baytown, TX
- Founding
- 07/1968
- Data as of
- 08/2022
- EIN
- 74-6105635
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 08/2022, Lee College Foundation Inc generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.0% each year . All expenses for the organization totaled $1.1m during the year ending 08/2022. While expenses have increased by 12.0% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Don Carlos Chair | OfficerTrustee | 3 | $0 |
Gilbert Santana Vice-Chair | OfficerTrustee | 3 | $0 |
Roy Fuller Treasurer | OfficerTrustee | 3 | $0 |
Connie Tilton Secretary | OfficerTrustee | 3 | $0 |
Dr Angela Oriano Executive Director | Officer | 32 | $0 |
Brandon Davis Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $112,058 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,780,893 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,892,951 |
| Total Program Service Revenue | $0 |
| Investment income | $16,150 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $132,627 |
| Net Income from Fundraising Events | -$14,906 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,026,822 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $976,048 |
| 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 | $9,565 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $44,923 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $3,076 |
| All other expenses | $0 |
| Total functional expenses | $1,055,854 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,605,061 |
| Savings and temporary cash investments | $2,487,256 |
| 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 | $5,935 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $12,226,406 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,324,658 |
| Accounts payable and accrued expenses | $2,320 |
| Grants payable | $0 |
| Deferred revenue | $53,975 |
| 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 | $472,540 |
| Total liabilities | $528,835 |
| Net assets without donor restrictions | $891,857 |
| Net assets with donor restrictions | $14,903,966 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $16,324,658 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Lee College Foundation Inc has recieved totaling $90,462.
| Awarding Organization | Amount |
|---|---|
Pvf Roundtable Charitable Foundation Inc Stafford, TX PURPOSE: EDUCATION | $75,309 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $14,750 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $403 |
Endowment Analysis
| Beg. Balance | $15,787,580 |
| Earnings | -$1,657,351 |
| Admin Expense | $44,923 |
| Net Contributions | $1,788,843 |
| Grants | $970,183 |
| Ending Balance | $14,903,966 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Louisiana At Lafayette Foundation Lafayette, LA | $292,703,277 | $46,235,918 |
Louisiana Tech University Foundation Inc Ruston, LA | $117,962,998 | $18,845,072 |
New Mexico State University Foundation Inc Las Cruces, NM | $355,498,587 | $111,307,691 |
America Can Cars For Kids Dallas, TX | $4,240,577 | $12,374,341 |
Friends Of Imagine International Academy Of North Texas Mckinney, TX | $32,038,501 | $13,231,420 |
Cynthia & Geo Mitchell Foundation The Woodlands, TX | $379,261,425 | $375,406 |
University Of Texas Law School Foundation Austin, TX | $263,458,115 | $22,437,207 |
Dallas Seminary Foundation Dallas, TX | $76,216,359 | $8,000,736 |
Sul Ross State University Foundation Alpine, TX | $1,687,998 | $1,230,429 |
University Of New Orleans Foundation New Orleans, LA | $129,213,862 | $21,783,517 |
Grambling High Foundation Grambling, LA | $36,491,619 | $11,923,300 |
University Of Houston Foundation Houston, TX | $176,095,945 | $16,062,659 |