Lee-Stephens Foundation
- Assets
- $7.4k
- Revenue
- $19.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- Data as of
- 12/2022
- EIN
- 85-4344387
Organization Overview
Lee-Stephens Foundation is located in Greensboro, NC. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lee-Stephens 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 12/2022, Lee-Stephens Foundation generated $19.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (23.4%) each year. All expenses for the organization totaled $22.4k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION AWARDS SCHOLARSHIPS TO BE USED FOR COLLEGE EDUCATION. IN 2022 THE FOUDATION AWARDED EIGHT $2,000 SCHOLARSHIPS TOTALING $16,000. ADMINISTRATIVE COSTS FOR THE SCHOLARSHIPS TOTALED $6,256.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Travis Brooks President | 2 | $0 | |
Scott Mendenhall Vice President | 2 | $0 | |
Paige Walker Sec/treas | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $9,270 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| 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 | $0 |
| Other Income | $10,095 |
| Total Revenue | $19,365 |
| 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 | $6,043 |
| Total operating and administrative expenses | $6,393 |
| Contributions, gifts, grants paid | $16,000 |
| Total expenses and disbursements | $22,393 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,443 |
| 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 | $7,443 |
| 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-Stephens Foundation has awarded $16,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
MACKENZIE BOUCHILLON PURPOSE: SCHOLARSHIP | $2,000 |
COHEN POWELL PURPOSE: SCHOLARSHIP | $2,000 |
GRACIE SOUTHWELL PURPOSE: SCHOLARSHIP | $2,000 |
RYAN MURPHY PURPOSE: SCHOLARSHIP | $2,000 |
JACOBO MESIA PURPOSE: SCHOLARSHIP | $2,000 |
ZACHARY FRIDAY PURPOSE: SCHOLARSHIP | $2,000 |