Helen Lee Foundation Inc
- Assets
- $565.1k
- Revenue
- $97.9k
- Investments
- $13.7k
- Employees
- 0
- Location
- Granbury, TX
- Founding
- 04/1993
- Data as of
- 06/2024
- EIN
- 75-2461720
Organization Overview
Helen Lee Foundation Inc is located in Granbury, TX. The organization was established in 1993. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Helen Lee 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 06/2024, Helen Lee Foundation Inc generated $97.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $139.2k during the year ending 06/2024. While expenses have increased by 0.6% per year over the past 9 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION EXISTS TO PRESERVE, CONSERVE, AND MAINTAIN CERTAIN UNDEVELOPED LAND NEAR GLADEWATER, TX IN ITS NATURAL CONDITION. THE LAND IS AVAILABLE TO THE PUBLIC FOR HIKING AND VIEWING YEAR ROUND AND IS USED BY VARIOUS GROUPS (BOY SCOUTS, TEXAS FOREST SERVICE, VARIOUS UNIVERSITY FORESTRY DEPARTMENTS, ETC.) FOR CAMPING AND BOTANICAL ENVIRONMENTAL STUDIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Van Vernon Managing Dir | 1 | $0 | |
Vicki Vernon Director | 1 | $0 | |
Chad Slone Director | 1 | $0 | |
Mike Starr Director | 1 | $0 | |
Virginia Wells Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $45,469 |
| Interest on Savings | $346 |
| Dividends & Interest | $754 |
| 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 | $51,334 |
| Total Revenue | $97,903 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,798 |
| Depreciation | $4,808 |
| Occupancy | $7,288 |
| Travel, conferences, and meetings | $127 |
| Printing and publications | $0 |
| Other expenses | $115,853 |
| Total operating and administrative expenses | $138,224 |
| Contributions, gifts, grants paid | $1,000 |
| Total expenses and disbursements | $139,224 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99 |
| Savings and temporary cash investments | $57,583 |
| 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 | $25,362 |
| 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 | $468,362 |
| Other assets | $0 |
| Total assets | $565,071 |
| 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 | $30,907 |
| Total liabilities | $30,907 |
Grants Awarded
Over the last fiscal year, Helen Lee Foundation Inc has awarded $1,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WINONA VOLUNTEER FIRE DEPARTMENT PURPOSE: VARIOUS SUPPORT | $500 |
ABIGAIL DUNCAN PURPOSE: SCHOLARSHIP | $500 |