Lee Family Foundation Inc
- Assets
- $65.6k
- Revenue
- $103.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Lutherville, MD
- Founding
- 11/2019
- Data as of
- 12/2023
- EIN
- 84-3143745
Organization Overview
Lee Family Foundation Inc is located in Lutherville, MD. The organization was established in 2019. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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 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 12/2023, Lee Family Foundation Inc generated $103.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $63.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Lee Family Foundation Inc has awarded 62 individual grants totaling $271,900. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yuan C Lee President/treasurer | 0 | $0 | |
Reiko Lee Vice President/secretary | 0 | $0 | |
Bryan Lee Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $104,940 |
| Interest on Savings | $99 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,943 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $103,096 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $150 |
| Total operating and administrative expenses | $1,650 |
| Contributions, gifts, grants paid | $61,300 |
| Total expenses and disbursements | $62,950 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,641 |
| Savings and temporary cash investments | $0 |
| 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 | $65,641 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Lee Family Foundation Inc has awarded $61,300 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
31 501C(3) ORGANIZATIONS FOR 800 OR LESS PURPOSE: UNRESTRICTED DONATION | $19,900 |
BALTIMORE MUSEUM OF ART PURPOSE: UNRESTRICTED DONATION | $1,000 |
BALTIMORE SYMPHONY ORCHESTRA PURPOSE: UNRESTRICTED DONATION | $16,000 |
CHESAPEAKE BAY FOUNDATION PURPOSE: UNRESTRICTED DONATION | $1,000 |
BEST FRIENDS ANIMAL SOCIETY PURPOSE: UNRESTRICTED DONATION | $2,000 |
DOCTORS WITHOUT BORDERS PURPOSE: UNRESTRICTED DONATION | $1,000 |