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

Form 990 for tax year 2024

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

Totals

Total revenue
$702,405
Total expenses
$462,710
Contributions and grants received
$472,925
Grants paid
$442,500
Program service revenue
$0
Investment income
$229,480
Other revenue
$0
Total assets, end of year
$4,055,400
Total liabilities, end of year
$8,000
Net assets or fund balances, end of year
$4,047,400
Program services expenses (Part IX)
$442,500
Management and general expenses
$20,210
Fundraising expenses
$0
Program service expenses (Part III)
$442,500

Program services were 95.6% 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

    $472,925

  • 1g · Noncash contributions included above

    $30,358

  • 3 · Investment income

    total $207,253 · excluded $207,253

  • 7a · Gross sales of assets other than inventory

    securities $854,649

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

    securities $832,422

  • 7c · Gain or loss

    securities $22,227

  • 7d · Net gain or loss

    total $22,227 · excluded $22,227

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 $432,500 · program services $432,500

  • 11c · Fees: accounting

    total $12,994 · management and general $12,994

  • 11g · Fees: other

    total $2,720 · management and general $2,720

  • 23 · Insurance

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

  • 24a · Other expenses: FILING FEES

    total $774 · management and general $774

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $309,190 · end of year $118,146

  • 4 · Accounts receivable

    beginning of year $13,556 · end of year $14,228

  • 11 · Investments: publicly traded securities

    beginning of year $3,379,005 · end of year $3,923,026

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,456 · end of year $8,000

  • 18 · Grants payable

    beginning of year $10,000

  • 27 · Net assets without donor restrictions

    beginning of year $3,679,295 · end of year $4,047,400

Mission and programs · 2024

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 $426,500 · Grants $426,500

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

    Expenses $16,000 · Grants $16,000

As filed on the 2024 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

    Total calculated
    $0
    Hours/week
    1

  • Winston W Hutchins

    TREASURER/SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Paul Ellwood

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James B Lee III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard R Plum

    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
2024
Filed
29 May 2026
IRS schema version
2024v5.5
Source object
202631769349301318

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