Joe R Lee Family Foundation Inc
Joe R Lee Family Foundation consistently disburses funds from stable assets with zero executive compensation.
EIN: 205975648 · Wilmington, DE · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $547K |
| Total Expenses | $280K |
| Program Spending | 90% |
| Net Assets | $4.4M |
| Transparency Score | 90/100 |
Is Joe R Lee Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Joe R Lee Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Joe R Lee Family Foundation Inc
Joe R Lee Family Foundation Inc (EIN: 205975648) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T22. The organization reported total revenue of $547K and total assets of $4.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Joe R Lee Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Joe R Lee Family Foundation Inc is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $34K |
| Total Expenses | $280K |
| Surplus / Deficit | $-246,481 |
| Total Assets | $4.4M |
| Total Liabilities | $1 |
| Net Assets | $4.4M |
| Operating Margin | -729.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 188.7 months |
Financial Health Grade: B
In 2023, Joe R Lee Family Foundation Inc reported a deficit of $246K with expenses exceeding revenue, holds 188.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -71.0% | +5.2% | -5.3% |
| 2022 | -89.6% | -29.9% | -3.1% |
| 2021 | +238.5% | +20.4% | +18.2% |
| 2019 | -110.1% | +82.6% | -4.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Joe R Lee Family Foundation Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Joe R Lee Family Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $246K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its executives. This is a highly positive sign for efficiency, as all operational expenses are directed towards administrative and program costs, not executive salaries.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Joe R Lee Family Foundation Inc's IRS 990 filings:
- Consistent reporting of $1 in liabilities across multiple years is an unusual accounting practice.
Strengths
The following positive indicators were identified for Joe R Lee Family Foundation Inc:
- Consistent zero officer compensation, indicating high efficiency in executive spending.
- Stable asset base (around $4-4.8 million) despite volatile annual revenues, suggesting strong financial management.
- Active disbursement of funds, with expenses often exceeding revenue, indicating consistent grantmaking activity.
- No reported fundraising expenses, typical for a private foundation relying on an endowment.
Frequently Asked Questions about Joe R Lee Family Foundation Inc
Is Joe R Lee Family Foundation Inc a legitimate charity?
Joe R Lee Family Foundation Inc (EIN: 205975648) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 90/100. It has 10 years of IRS 990 filings on record. Total revenue: $547K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Joe R Lee Family Foundation Inc spend its money?
Joe R Lee Family Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Joe R Lee Family Foundation Inc tax-deductible?
Joe R Lee Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 205975648). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Joe R Lee Family Foundation Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Joe R Lee Family Foundation Inc is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Joe R Lee Family Foundation Inc located?
Joe R Lee Family Foundation Inc is headquartered in Wilmington, Delaware and files with the IRS under EIN 205975648. It is classified under NTEE code T22.
How many years of IRS 990 filings does Joe R Lee Family Foundation Inc have?
Joe R Lee Family Foundation Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $547K in total revenue.
How does the Joe R Lee Family Foundation Inc. manage its significant revenue fluctuations while maintaining a stable asset base?
The foundation likely manages revenue fluctuations through a combination of endowment investment strategies and drawing from its substantial asset base (consistently around $4-4.8 million) to cover expenses, especially in years where expenses significantly exceed revenue, such as 2023 ($33,796 revenue vs. $280,277 expenses).
What specific types of grants does the foundation typically make, given its NTEE code T22?
As a Private Grantmaking Foundation (T22), the foundation typically makes grants to other organizations or individuals for charitable, educational, religious, or scientific purposes, as defined by its specific charter and philanthropic goals. The provided data does not specify the recipients or focus areas of these grants.
Why does the foundation consistently report $1 in liabilities across multiple years?
The consistent reporting of $1 in liabilities is an unusual accounting practice. It could represent a nominal placeholder, a minor outstanding balance, or an artifact of specific accounting software or reporting conventions. While peculiar, its immaterial amount suggests it does not represent a significant financial risk or transparency issue.
Filing History
IRS 990 filing history for Joe R Lee Family Foundation Inc showing financial trends over 10 years of public records:
Total assets decreased by 6.3% over the same period, from $4.7M to $4.4M. Total functional expenses fell by 22.5%, from $361K to $280K. In its most recent filing year (2023), Joe R Lee Family Foundation Inc reported a deficit of $246K, with expenses exceeding revenue. The organization holds $1 in liabilities against $4.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $34K | $280K | $4.4M | $1 | — | — |
| 2022 | $117K | $266K | $4.7M | $1 | — | View 990 |
| 2021 | $1.1M | $380K | $4.8M | $1 | — | View 990 |
| 2020 | $331K | $316K | $4.1M | $1 | — | View 990 |
| 2019 | $-9,187 | $286K | $4.0M | $1 | — | — |
| 2015 | $91K | $157K | $4.2M | $1 | — | View 990 |
| 2014 | $156K | $62K | $4.3M | $1 | — | View 990 |
| 2013 | $143K | $558K | $4.2M | $1 | — | View 990 |
| 2012 | $137K | $402K | $4.6M | $0 | — | View 990 |
| 2011 | $-26,351 | $361K | $4.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $34K, expenses of $280K, and assets of $4.4M (revenue -71.0% year-over-year).
- 2022: Revenue of $117K, expenses of $266K, and assets of $4.7M (revenue -89.6% year-over-year).
- 2021: Revenue of $1.1M, expenses of $380K, and assets of $4.8M (revenue +238.5% year-over-year).
- 2020: Revenue of $331K, expenses of $316K, and assets of $4.1M.
- 2019: Revenue of $-9,187, expenses of $286K, and assets of $4.0M (revenue -110.1% year-over-year).
- 2015: Revenue of $91K, expenses of $157K, and assets of $4.2M (revenue -41.4% year-over-year).
- 2014: Revenue of $156K, expenses of $62K, and assets of $4.3M (revenue +8.6% year-over-year).
- 2013: Revenue of $143K, expenses of $558K, and assets of $4.2M (revenue +4.6% year-over-year).
- 2012: Revenue of $137K, expenses of $402K, and assets of $4.6M.
- 2011: Revenue of $-26,351, expenses of $361K, and assets of $4.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Joe R Lee Family Foundation Inc:
Data Sources and Methodology
This transparency report for Joe R Lee Family Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.