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Nonprofiteer
← LEE INITIATIVE INC

Form 990 for tax year 2024

Filed by LEE INITIATIVE INC.

Totals

Total revenue
$2,337,862
Total expenses
$3,009,151
Contributions and grants received
$2,337,862
Grants paid
$2,349,184
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$261,495
Total liabilities, end of year
$7,367
Net assets or fund balances, end of year
$254,128
Program services expenses (Part IX)
$2,638,952
Management and general expenses
$180,318
Fundraising expenses
$189,881
Program service expenses (Part III)
$2,638,952

Program services were 87.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $2,337,862

  • 1g · Noncash contributions included above

    $7,500

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,349,184 · program services $2,349,184

  • 5 · Compensation of officers, directors and key employees

    total $75,768 · program services $25,256 · management and general $25,256 · fundraising $25,256

  • 7 · Other salaries and wages

    total $211,939 · program services $77,871 · management and general $56,912 · fundraising $77,156

  • 10 · Payroll taxes

    total $25,470 · program services $9,358 · management and general $6,840 · fundraising $9,272

  • 11c · Fees: accounting

    total $61,588 · management and general $61,588

  • 11g · Fees: other

    total $26,411 · program services $26,411

  • 12 · Advertising and promotion

    total $70,152 · fundraising $70,152

  • 13 · Office expenses

    total $16,338 · program services $313 · management and general $15,716 · fundraising $309

  • 16 · Occupancy

    total $2,500 · management and general $2,500

  • 17 · Travel

    total $879 · fundraising $879

  • 22 · Depreciation, depletion and amortization

    total $18,832 · program services $6,919 · management and general $5,056 · fundraising $6,857

  • 23 · Insurance

    total $4,471 · management and general $4,471

  • 24a · Other expenses: PROGRAM SERVICES

    total $136,553 · program services $136,553

  • 24b · Other expenses: BANK FEES

    total $7,087 · program services $7,087

  • 24c · Other expenses: TAXES

    total $1,979 · management and general $1,979

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $603,583 · end of year $239,897

  • 4 · Accounts receivable

    end of year $382

  • 10a · Land, buildings and equipment: cost or other basis

    $93,199

  • 10b · Land, buildings and equipment: accumulated depreciation

    $69,454

  • 10c · Land, buildings and equipment, net

    beginning of year $42,578 · end of year $23,745

  • 15 · Other assets

    beginning of year $539,124 · end of year -$2,529

  • 17 · Accounts payable and accrued expenses

    beginning of year $259,868 · end of year $7,367

  • 27 · Net assets without donor restrictions

    beginning of year $925,417 · end of year $254,128

Mission and programs · 2024

Mission

ADMINISTER PROGRAMS THAT PROVIDE CONTINUING EDUCATION, JOB TRAINING, MENTORSHIP, LEADERSHIP OPPORTUNITIES AND RESOURCES TO INDEPENDENT RESTAURANT OPERATORS AND EMPLOYEES. PROVIDE DIRECT RELIEF AND RESOURCES TO OUR COMMUNITY.

  • A PROGRAM THAT PROVIDES GRANTS TO INDEPENDENT RESTAURANTS PRESERVING AND ADVANCING THE LEGACY OF BLACK FOOD IN AMERICA.

    Expenses $885,000 · Grants $885,000

  • A PROGRAM FOR WOMEN CULINARY AND SPIRITS PROFESSIONALS THAT FOCUSES ON LEADERSHIP DEVELOPMENT, MENTORSHIP AND EDUCATION OPPORTUNTIES FOR PROGRAM PARTICIPANTS.

  • M. FRANCES RESTAURANT'S MISSION IS TO CREATE A THINK TANK PROJECT, THROUGH WHICH PROGRAMMATIC SOLUTIONS WILL BE CREATED AND IMPLEMENTED TO ADDRESS SOME OF THE INDEPENDENT RESTAURANT INDUSTRY'S MOST PRESSING ISSUES, WHILE ALSO PROVIDING SUPPORT TO THE LOCAL COMMUNITY.

    Expenses $1,464,184 · Grants $1,464,184

  • RETAURANT WORKERS RELIEF AND OTHER GRANTS AND PROGRAM SERVICES.

    Expenses $289,768

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • LINDSEY OFACEK

    MANAGING DIR

    Total calculated
    $56,537
    From this org
    $47,874
    From related orgs
    $0
    Other
    $8,663
    Hours/week
    55 + 55 related

  • EDWARD LEE

    CREATIVE DIR

    Total calculated
    $19,231
    From this org
    $19,231
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • BEN JOHNSON

    PRRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • KAREN KEITH

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • SHAUNTRICE MARTIN

    SECRATARY

    Total calculated
    $0
    Hours/week
    1

  • BEN ROBINSON

    TREASURER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • M FRANCES INC

    501C3 · SUPPORT · DC · controlled entity

    Directly controlled by LEE INITIA LEE INITIATIVE INC

Provenance

Return type
form_990
Tax year
2024
Filed
3 November 2025
IRS schema version
2024v5.0
Source object
202503079349301465

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