Lee Initiative Inc
- Assets
- $1.6m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 3
- Location
- Louisville, KY
- Founding
- 03/2018
- Data as of
- 12/2020
- EIN
- 82-3884798
Organization Overview
Lee Initiative Inc is located in Louisville, KY. The organization was established in 2018. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 12/2020, Lee Initiative Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lee Initiative 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 12/2020, Lee Initiative Inc generated $6.1m in total revenue. All expenses for the organization totaled $5.4m during the year ending 12/2020. While expenses have increased by 321.7% per year over the past 3 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.
Since 2020, Lee Initiative Inc has awarded 27 individual grants totaling $1,252,335. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPOWER YOUNG PEOPLE IN THE IMPOVERISHED NEIGHBORHOODS OF LOUISVILLE'S WEST END AND SMOKETOWN THROUGH JOB TRAIING IN THE PROFESSIONAL CULINARY WORLD. TO MENTOR AND TRAIN YOUNG ADULTS WHO ARE HIGH SCHOOL GRADUATES, EXPOSING THEM TO THE RESTAURANT INDUSTRY AND LEADING THEM INTO A PRODUCTIVE AND LIFIELONG CAREER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVED AS A CONDUIT FOR THE RESTAURANT RELIEF PROGRAM, PROVIDING GRANTS AND ASSISTANCE TO 27 ORGANIZATIONS ACROSS THE COUNTRY
EXPOSED AND TRAINED NINE MENTEES IN THE FOODSERVICE INDUSTRY WITH EXPOSURE AND CONTACT WITH INDUSTRY VETERANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lindsey Ofcacek Managing Director/treasurer | OfficerTrustee | 55 | $85,000 |
Edward Lee President | OfficerTrustee | 1 | $0 |
Dawn Lee Vice President | OfficerTrustee | 1 | $0 |
Stacie Stewart Secretary | OfficerTrustee | 1 | $0 |
Karen Keith Director | Trustee | 1 | $0 |
Lora Smith Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $101,360 |
| Related organizations | $0 |
| Government grants | $530,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,533,270 |
| Noncash contributions included in lines 1a–1f | $636,936 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,165,230 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$51,222 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,114,008 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,068,132 |
| 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. | $85,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $128,749 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,395 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,237 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,463 |
| Advertising and promotion | $12,423 |
| Office expenses | $33,758 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,621 |
| 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 | $7,909 |
| All other expenses | $0 |
| Total functional expenses | $5,380,112 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,578,527 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,578,527 |
| Accounts payable and accrued expenses | $825,180 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $825,180 |
| Net assets without donor restrictions | $744,691 |
| Net assets with donor restrictions | $8,656 |
| 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 | $1,578,527 |
Grants Awarded
Over the last fiscal year, Lee Initiative Inc has awarded $1,252,335 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
Louisville, KY PURPOSE: RESTAURANT RELIEF | $151,467 |
610 MAGNOLIA PURPOSE: RESTAURANT RELIEF | $122,000 |
MITA'S PURPOSE: RESTAURANT RELIEF | $113,674 |
GREAT BAGEL PURPOSE: RESTAURANT RELIEF | $89,604 |
COCHON PURPOSE: RESTAURANT RELIEF | $87,147 |
OLMSTED PURPOSE: RESTAURANT RELIEF | $78,045 |
Grants Recieved
Over the last fiscal year, we have identified 18 grants that Lee Initiative Inc has recieved totaling $1,151,766.
| Awarding Organization | Amount |
|---|---|
Tides Foundation San Francisco, CA PURPOSE: HEALTHY INDIVIDUALS AND COMMUNITIES | $600,000 |
Westfield Insurance Foundation Westfield Center, OH PURPOSE: DISASTER RECOVERY | $150,000 |
Together Rising Falls Church, VA PURPOSE: TO FEED PEOPLE IN WESTERN KENTUCKY AFTER TORNADOES. | $150,000 |
T Rowe Price Program For Charitable Giving Inc Baltimore, MD PURPOSE: SPECIAL PROJECT | $50,000 |
Round It Up America Inc Los Angeles, CA PURPOSE: COMMUNITY SERVICE PROGRAMS | $45,000 |
Spanx By Sara Blakely Foundation Inc Atlanta, GA PURPOSE: DIRECT GRANTS TO RESTAURANT OWNERS BY SOUTHERN RESTAURANTS FOR RACIAL JUSTICE | $33,333 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Change Incorporated Weirton, WV | $10,912,278 | $21,367,906 |
Family Development Services Inc Indianapolis, IN | $6,961,291 | $21,119,232 |
Skills Usa Inc Leesburg, VA | $8,575,895 | $14,271,991 |
Indianapolis Private Industry Council Inc Indianapolis, IN | $7,195,768 | $15,248,899 |
Coalition On Homeless And Housing In Ohio Columbus, OH | $8,605,666 | $14,656,133 |
Southeast Community Capital Corporation Nashville, TN | $264,396,878 | $22,555,455 |
Chicago Urban League Chicago, IL | $6,767,284 | $15,691,423 |
Cara Program Chicago, IL | $15,165,260 | $11,673,454 |
Northern Middle Tennessee Local Workforce Development Board Inc Clarksville, TN | $2,905,431 | $10,764,896 |
Workforce Essentials Inc Clarksville, TN | $30,139,027 | $9,106,360 |
The Mission Continues Saint Louis, MO | $10,410,766 | $11,093,875 |
Workforce Development Board Of Central Ohio Columbus, OH | $1,226,414 | $9,387,231 |