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Nonprofiteer
← LEE FOUNDATION FOR CIVIC LEADERSHIP INC

Form 990 for tax year 2023

Filed by LEE FOUNDATION FOR CIVIC LEADERSHIP INC.

Totals

Total revenue
$9,499,395
Total expenses
$13,604,693
Contributions and grants received
$9,499,395
Grants paid
$12,390,908
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$4,142,017
Total liabilities, end of year
$451,541
Net assets or fund balances, end of year
$3,690,476
Program services expenses (Part IX)
$13,521,612
Management and general expenses
$59,705
Fundraising expenses
$23,376
Program service expenses (Part III)
$13,521,612

Program services were 99.4% 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

    $9,499,395

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $12,390,908 · program services $12,390,908

  • 7 · Other salaries and wages

    total $96,048 · program services $63,923 · management and general $13,614 · fundraising $18,511

  • 8 · Pension plan contributions

    total $7,201 · program services $4,792 · management and general $1,021 · fundraising $1,388

  • 9 · Other employee benefits

    total $13,212 · program services $8,793 · management and general $1,873 · fundraising $2,546

  • 10 · Payroll taxes

    total $3,588 · program services $2,388 · management and general $509 · fundraising $691

  • 11c · Fees: accounting

    total $17,928 · management and general $17,928

  • 11g · Fees: other

    total $1,065,392 · program services $1,048,432 · management and general $16,960

  • 13 · Office expenses

    total $7,681 · management and general $7,681

  • 14 · Information technology

    total $2,735 · program services $2,376 · management and general $119 · fundraising $240

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,349,302 · end of year $486,943

  • 3 · Pledges and grants receivable

    beginning of year $4,518,753 · end of year $2,409,798

  • 15 · Other assets

    beginning of year $1,419,188 · end of year $1,245,276

  • 17 · Accounts payable and accrued expenses

    beginning of year $164,261 · end of year $1,549

  • 25 · Other liabilities

    beginning of year $327,208 · end of year $449,992

  • 27 · Net assets without donor restrictions

    beginning of year $1,577,898 · end of year $1,278,898

  • 28 · Net assets with donor restrictions

    beginning of year $6,217,876 · end of year $2,411,578

Mission and programs · 2023

Mission

THE FOUNDATION'S MISSION IS TO WORK TO FOSTER AND FACILITATE INCREASED CIVIC ENGAGEMENT, COMMUNITY PARTICIPATION, AND VOLUNTEERISM WITH A FOCUS ON EDUCATION AND PUBLIC POLICY EFFORTS DESIGNED TO ACHIEVE EDUCATIONAL EQUITY.

  • LEADERSHIP DEVELOPMENT - THE FOUNDATION PROVIDES GRANTS TO FOSTER AND FACILITATE INCREASED CIVIC ENGAGEMENT, COMMUNITY PARTICIPATION, AND VOLUNTEERISM OF LEADERSHIP FOR EDUCATIONAL EQUITY MEMBERS, FOCUSING ON THE FIELDS OF EDUCATION AND PUBLIC POLICY THROUGH: (I) SPONSORING LEADERSHIP DEVELOPMENT EXPERIENCES SUCH AS FELLOWSHIPS, WORKSHOPS, SEMINARS, AND SIMILAR EVENTS, (II) PROMOTING AND INFORMING DIALOGUE AND THE EXCHANGE OF IDEAS AND INFORMATION, AND (III) SUPPORTING OTHER CHARITABLE AND EDUCATIONAL PROJECTS CONSISTENT WITH THE FOREGOING.

    Expenses $13,521,612 · Grants $12,390,908

As filed on the 2023 return.

Listed in Part VII

  • EMMA BLOOMBERG

    CHAIR OF THE BOARD

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MICHAEL PARK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEVE MANDEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ARTHUR ROCK

    DIRECTOR (FROM JUNE 2023)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MICHAEL BUMAN

    CEO & EXECUTIVE DIRECTOR

    Total calculated
    $429,354
    From this org
    $0
    From related orgs
    $396,352
    Other
    $33,002
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $396,352 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,096 related
    Nontaxable benefits
    $0 + $20,906 related
    Filer's total
    $0 + $429,354 related

  • CHRISTINE GREEN

    SECRETARY/TREASURER

    Total calculated
    $271,069
    From this org
    $0
    From related orgs
    $214,300
    Other
    $56,769
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $214,300 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $22,500 related
    Nontaxable benefits
    $0 + $34,269 related
    Filer's total
    $0 + $271,069 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
LEE FOUNDATION SHARES EMPLOYEES AND OTHER RESOURCES WITH LEADERSHIP FOR EDUCATIONAL EQUITY. THE TWO ORGANIZATIONS OPERATE UNDER A RESOURCE SHARING AGREEMENT THAT SETS FORTH HOW RESOURCES ARE SHARED AND PAID FOR. ONE SUCH RESOURCE IS THE TOP MANAGEMENT OFFICIAL OF LEADERSHIP FOR EDUCATIONAL EQUITY, WHO PERFORMS SOME WORK ON LEE FOUNDATION'S BEHALF. THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL, THE EXECUTIVE DIRECTOR, IS DETERMINED BY THE ORGANIZATION'S INDEPENDENT MEMBERS OF ITS BOARD OF DIRECTORS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • LEADERSHIP FOR EDUCATIONAL EQUITY

    $12,390,908

    FOSTER AND FACILITATE INCREASED CIVIC ENGAGMENT, COMMUNITY PARTICIPATION, AND VOLUNTEERISM OF LEADERSHIP FOR EDUCATIONAL EQUITY MEMBERS, FOCUSING ON THE FIELDS OF EDUCATION AND PUBLIC POLICY.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202443199349316554

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