Lee Family Agape Foundation
- Assets
- $499.1k
- Revenue
- $78.9k
- Investments
- $443.6k
- Employees
- 0
- Location
- Newton, MA
- Founding
- 10/2017
- Data as of
- 12/2020
- EIN
- 82-2173540
Organization Overview
Lee Family Agape Foundation is located in Newton, MA. The organization was established in 2017. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lee Family Agape 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 12/2020, Lee Family Agape Foundation generated $78.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (36.2%) each year. All expenses for the organization totaled $31.6k during the year ending 12/2020. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVING PEOPLE'S SPIRITUAL, EDUCATIONAL, AND PHYSICAL NEEDS IN ACCORDANCE WITH THE PRINCIPLES AND TEACHING OF THE CHRISTIAN FAITH. THE ORGANIZATION'S ACTIVITIES FOCUSED ON THE INTERSECTION OF FAITH AND LIFE, FAITH AND BUSINESS, AND FAITH AND COMMUNITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond Cho-Min Lee President | 15 | $0 | |
Barnabas Jyh-Hung Lee Treasurer | 15 | $0 | |
Priscilla Hwang Lee Clerk | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $15 |
| Dividends & Interest | $2,267 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $76,645 |
| Capital Gain Net Income | $76,645 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $78,927 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $168 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $481 |
| Printing and publications | $0 |
| Other expenses | $18,356 |
| Total operating and administrative expenses | $26,588 |
| Contributions, gifts, grants paid | $5,000 |
| Total expenses and disbursements | $31,588 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,637 |
| Savings and temporary cash investments | $37,094 |
| 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 | $779 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $443,583 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $499,093 |
| Accounts payable and accrued expenses | $2,533 |
| 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 | $2,533 |
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Servants Of The Word Inc Glens Falls, NY | $3,237,962 | $3,756,976 |
Camp Hasc Inc Brooklyn, NY | $5,763,474 | $3,581,711 |
Freeport Bible Center Inc Freeport, NY | $4,188,927 | $2,667,487 |
Hoffberger Fund For Biblical Studies Ltd Inwood, NY | $993,193 | $2,815,273 |
Korean Church Of Queens East Elmhurst, NY | $27,474,445 | $2,336,119 |