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← JAMES B LEE JR SCHOLARSHIP AND RELIEF FUND IN HONOR OF JOSEPH

Form 990 for tax year 2023

Filed by JAMES B LEE JR SCHOLARSHIP AND RELIEF FUND IN HONOR OF JOSEPH.

Totals

Total revenue
$675,266
Total expenses
$508,698
Contributions and grants received
$574,780
Grants paid
$490,000
Program service revenue
$0
Investment income
$100,486
Other revenue
$0
Total assets, end of year
$3,701,751
Total liabilities, end of year
$22,456
Net assets or fund balances, end of year
$3,679,295
Program services expenses (Part IX)
$490,000
Management and general expenses
$18,698
Fundraising expenses
$0
Program service expenses (Part III)
$490,000

Program services were 96.3% 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

    $574,780

  • 1g · Noncash contributions included above

    $44,958

  • 3 · Investment income

    total $93,257 · excluded $93,257

  • 7a · Gross sales of assets other than inventory

    securities $978,622

  • 7b · Less cost or other basis and sales expenses

    securities $971,393

  • 7c · Gain or loss

    securities $7,229

  • 7d · Net gain or loss

    total $7,229 · excluded $7,229

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,000 · program services $10,000

  • 2 · Grants to domestic individuals

    total $480,000 · program services $480,000

  • 11c · Fees: accounting

    total $14,086 · management and general $14,086

  • 23 · Insurance

    total $3,722 · management and general $3,722

  • 24a · Other expenses: FILING FEES

    total $890 · management and general $890

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $161,129 · end of year $309,190

  • 4 · Accounts receivable

    beginning of year $11,010 · end of year $13,556

  • 11 · Investments: publicly traded securities

    beginning of year $2,829,860 · end of year $3,379,005

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,701 · end of year $12,456

  • 18 · Grants payable

    end of year $10,000

  • 27 · Net assets without donor restrictions

    beginning of year $2,995,298 · end of year $3,679,295

Mission and programs · 2023

Mission

TO FURTHER CHARITABLE AND EDUCATIONAL PURPOSES BY PROVIDING SCHOLARSHIPS TO INDIVIDUALS FOR STUDY AT A COLLEGE, UNIVERSITY, OR VOCATIONAL SCHOOL.

Activities or mission (Part I)

TO FURTHER CHARITABLE AND EDUCATIONAL PURPOSES BY PROVIDING SCHOLARSHIPS TO INDIVIDUALS FOR STUDY AT A COLLEGE, UNIVERSITY OR VOCATIONAL SCHOOL.

  • PROVIDING SCHOLARSHIPS TO INDIVIDUALS FOR STUDY AT A COLLEGE, UNIVERSITY OR VOCATIONAL SCHOOL.

    Expenses $478,000 · Grants $478,000

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $12,000 · Grants $12,000

As filed on the 2023 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Michael X McBride

    PRESIDENT & DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Winston W Hutchins

    SECRETARY/TREASURER & DIR.

    Total calculated
    $0
    Hours/week
    1

  • Richard R Plum

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James B Lee III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paul Ellwood

    DIRECTOR

    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

Provenance

Return type
form_990
Tax year
2023
Filed
3 March 2025
IRS schema version
2023v6.0
Source object
202520739349300207

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