Mymb Lee Foundation
- Assets
- $498.4k
- Revenue
- $7.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Arcadia, CA
- Founding
- 04/2019
- Data as of
- 09/2023
- EIN
- 83-2444562
Organization Overview
Mymb Lee Foundation is located in Arcadia, CA. The organization was established in 2019. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Mymb Lee 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 09/2023, Mymb Lee Foundation generated $7.7k 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 (31.2%) each year. All expenses for the organization totaled $33.0k during the year ending 09/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW LIFE CHRISTIAN CENTER
CEDARS-SINAI
UT DALLAS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,942 |
| 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 | -$4,268 |
| Other Income | $0 |
| Total Revenue | $7,674 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $198 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,572 |
| Total operating and administrative expenses | $6,970 |
| Contributions, gifts, grants paid | $26,000 |
| Total expenses and disbursements | $32,970 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,859 |
| Savings and temporary cash investments | $490,516 |
| 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 | $498,375 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $10,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,000 |
Grants Awarded
Over the last fiscal year, Mymb Lee Foundation has awarded $26,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF TEXAS AT DALLAS PURPOSE: UNIVERSITY | $2,000 |
NEW LIFE CHRISTIAN CENTER PURPOSE: RELIGION | $4,000 |
CEDARS-SINAI PURPOSE: HOSPITAL | $20,000 |