Lee & Lee Foundation
- Assets
- $13.0k
- Revenue
- $100.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- Data as of
- 12/2023
- EIN
- 88-2567808
Organization Overview
Lee & Lee Foundation is located in Los Angeles, CA. 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 & 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 12/2023, Lee & Lee Foundation generated $100.0k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $95.1k during the year ending 12/2023. While expenses have increased by 4.6% per year over the past 2 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 2022, Lee & Lee Foundation has awarded 31 individual grants totaling $175,500. 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 |
|---|---|---|---|
Sang Y Lee CEO | 20 | $0 | |
Chun Y Lee CFO / Secretary | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| 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 | $0 |
| Total Revenue | $100,000 |
| 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 | $0 |
| Total operating and administrative expenses | $3,600 |
| Contributions, gifts, grants paid | $91,500 |
| Total expenses and disbursements | $95,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,989 |
| 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 | $12,989 |
| 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 & Lee Foundation has awarded $91,500 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
CORNERSTONE MINISTRIES INTERNATIONAL PURPOSE: MISSIONARY SUPPORT | $14,000 |
SHALOM DISABILLITY MINISTRIES PURPOSE: MISSIONARY SUPPORT | $5,000 |
KOREAN GOSPEL BROADCASTING COMPANY PURPOSE: MISSIONARY SUPPORT | $5,000 |
EL-BETHEL CHURCH IN USA PURPOSE: MISSIONARY SUPPORT | $5,000 |
KOREATOWN SENIOR & COMMUNITY CENTER PURPOSE: COMMUNITY SUPPORT | $10,000 |
MICAH HEALING MINISTRY PURPOSE: MISSIONARY SUPPORT | $5,000 |