Lee Family Foundation
- Assets
- $325.5k
- Revenue
- $225.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Mercer Island, WA
- Founding
- 06/2007
- Data as of
- 12/2023
- EIN
- 83-0441900
Organization Overview
Lee Family Foundation is located in Mercer Island, WA. The organization was established in 2007. 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. Lee Family 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 12/2023, Lee Family Foundation generated $225.7k in total revenue. All expenses for the organization totaled $24.6k during the year ending 12/2023.
Since 2016, Lee Family Foundation has awarded 33 individual grants totaling $294,190. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS DIRECTED TO THE VIRGINIA MASON FRANCISCA FOUNDATION - TO THE HEALTH SCIENCE AND ARTS
GRANT TO PACIFIC NW CULTURAL EXCHANGE COUNCIL TO PROMOTE THE MUSIC AND ART OF CHINESE AND AMERICAN CULTURES
GRANT TO ASIAN HALL OF FAME TO PROMOTE GOOD WORKS OF ASIANS IN AMERICA
GRANT TO AMERICAN ASIAN PERFORMANCE ART TO PROMOTE THE CULTURAL MUSIC PERFORMANCES
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,000 |
| Interest on Savings | $1,451 |
| Dividends & Interest | $3,158 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $211,071 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $225,680 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $74 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $88 |
| Total operating and administrative expenses | $742 |
| Contributions, gifts, grants paid | $23,900 |
| Total expenses and disbursements | $24,642 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $922 |
| Savings and temporary cash investments | $324,553 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $325,475 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $6,274 |
| 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 | $6,274 |
Grants Awarded
Over the last fiscal year, Lee Family Foundation has awarded $23,900 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ASIAN HALL OF FAME PURPOSE: UPLIFT CROSS-CULTURAL CONTENT | $500 |
PACIFIC NW CULTURAL EXCHANGE COUNCI PURPOSE: MUSIC AND ARTS | $10,000 |
AMERICAN ASIAN PERFORMANCE ARTS PURPOSE: EXPAND/EXCHANGE ARTS AND CULTURE | $400 |
VIRGINIA MASON FRANCISCA PURPOSE: HEALTH SCIENCES AND ARTS | $13,000 |