Lee Family Foundation Inc

Lee Family Foundation consistently operates with a surplus and no reported officer compensation.

EIN: 208039685 · Anthem, AZ · NTEE: T20 · Updated: 2026-03-28

$3.0MRevenue

$1.1MAssets

95/100Mission Score (Excellent)

T20

About Lee Family Foundation Inc

Lee Family Foundation Inc (EIN: 208039685) is a nonprofit organization based in Anthem, AZ, classified under NTEE code T20. The organization reported total revenue of $3.0M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lee Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Lee Family Foundation Inc. demonstrates consistent financial activity over the past decade, with revenues fluctuating but generally maintaining a healthy surplus. For instance, in 2023, the organization reported revenues of $454,407 against expenses of $375,222, indicating a positive operating margin. The foundation's assets have varied, reaching a high of $368,273 in 2014 and currently standing at $57,797 in 2023, suggesting a strategy of distributing funds rather than accumulating large reserves. The consistent reporting of only $1 in liabilities across all filings indicates a very strong balance sheet with minimal debt, which is a positive indicator of financial stability.

Spending efficiency appears strong, as the organization consistently spends less than its revenue, allowing for program delivery. A key aspect of their financial health is the complete absence of officer compensation reported in all available filings, which significantly reduces administrative overhead and maximizes funds available for their mission. This commitment to minimizing executive costs is a strong indicator of donor-centric operations. The foundation's transparency is bolstered by its consistent filing of IRS Form 990s, providing a clear historical record of its financial activities.

Overall, the Lee Family Foundation Inc. appears to be a financially sound organization with a strong commitment to its mission, evidenced by its efficient spending and lack of executive compensation. While its asset base fluctuates, its consistent operational surpluses and minimal liabilities point to responsible financial management. The latest revenue of $2,965,350, significantly higher than previous years, suggests a recent substantial contribution or change in funding, which could further enhance its programmatic reach.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Lee Family Foundation Inc with a Mission Score of 95 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, 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.

Executive Compensation Analysis

The Lee Family Foundation Inc. reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly commendable for maximizing funds for its mission.

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 Lee Family Foundation Inc's IRS 990 filings:

Significant fluctuation in assets year-over-year without clear explanation in provided data.

Strengths

The following positive indicators were identified for Lee Family Foundation Inc:

Consistent operational surplus, indicating sound financial management.
Zero reported officer compensation, maximizing funds for programs.
Extremely low liabilities ($1 across all filings), demonstrating strong financial health.
Consistent filing of IRS Form 990s, indicating good transparency.
Latest reported revenue of $2,965,350 suggests significant recent growth or funding.

Frequently Asked Questions about Lee Family Foundation Inc

Is Lee Family Foundation Inc. financially stable?

Yes, the foundation appears financially stable. It consistently reports revenues exceeding expenses (e.g., $454,407 revenue vs. $375,222 expenses in 2023) and maintains minimal liabilities ($1 across all filings), indicating a healthy balance sheet and responsible financial management.

How much of its budget goes to executive salaries?

The Lee Family Foundation Inc. reports 0% officer compensation in all available IRS 990 filings, meaning no funds are allocated to executive salaries.

What is the trend in the foundation's assets?

The foundation's assets have fluctuated over time, reaching a high of $368,273 in 2014 and currently standing at $57,797 in 2023. This suggests a strategy of distributing funds rather than accumulating large reserves, consistent with a grant-making foundation.

Does the foundation consistently operate with a surplus?

Yes, the foundation has consistently operated with a surplus in most years, with revenues generally exceeding expenses. For example, in 2023, revenue was $454,407 and expenses were $375,222, resulting in a surplus.

Filing History

IRS 990 filing history for Lee Family Foundation Inc showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Lee Family Foundation Inc's revenue has grown by 164.5%, moving from $172K to $454K. Total assets decreased by 60.3% over the same period, from $145K to $58K. Total functional expenses rose by 395%, from $76K to $375K. In its most recent filing year (2023), Lee Family Foundation Inc reported a surplus of $79K, with revenue exceeding expenses. The organization holds $1 in liabilities against $58K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $58K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$454K	$375K	$58K	$1	—	—
2022	$465K	$357K	$144K	$1	—	View 990
2021	$628K	$311K	$176K	$1	—	View 990
2020	$483K	$300K	$136K	$1	—	View 990
2019	$727K	$409K	$135K	$1	—	—
2015	$143K	$89K	$277K	$1	—	View 990
2014	$318K	$155K	$368K	$1	—	View 990
2013	$18K	$100K	$206K	$1	—	View 990
2012	$227K	$85K	$288K	$1	—	View 990
2011	$172K	$76K	$145K	$1	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $454K, expenses of $375K, and assets of $58K (revenue -2.4% year-over-year).
2022: Revenue of $465K, expenses of $357K, and assets of $144K (revenue -25.9% year-over-year).
2021: Revenue of $628K, expenses of $311K, and assets of $176K (revenue +30.1% year-over-year).
2020: Revenue of $483K, expenses of $300K, and assets of $136K (revenue -33.6% year-over-year).
2019: Revenue of $727K, expenses of $409K, and assets of $135K (revenue +407.1% year-over-year).
2015: Revenue of $143K, expenses of $89K, and assets of $277K (revenue -54.8% year-over-year).
2014: Revenue of $318K, expenses of $155K, and assets of $368K (revenue +1700.4% year-over-year).
2013: Revenue of $18K, expenses of $100K, and assets of $206K (revenue -92.2% year-over-year).
2012: Revenue of $227K, expenses of $85K, and assets of $288K (revenue +32.3% year-over-year).
2011: Revenue of $172K, expenses of $76K, and assets of $145K.

Data Sources and Methodology

This transparency report for 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.