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Nonprofiteer
← LEE INITIATIVE INC

Form 990 for tax year 2023

Filed by LEE INITIATIVE INC.

Totals

Total revenue
$1,414,928
Total expenses
$1,999,249
Contributions and grants received
$1,422,343
Grants paid
$1,026,000
Program service revenue
$0
Investment income
$0
Other revenue
-$7,415
Total assets, end of year
$1,184,938
Total liabilities, end of year
$259,521
Net assets or fund balances, end of year
$925,417
Program services expenses (Part IX)
$1,571,887
Management and general expenses
$199,704
Fundraising expenses
$227,658
Program service expenses (Part III)
$1,571,887

Program services were 78.6% 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.

  • 1c · Fundraising events

    $5,590

  • 1f · All other contributions, gifts and grants

    $1,416,753

  • 1g · Noncash contributions included above

    $3,200

  • 8a · Fundraising events: gross income

    $5,589

  • 8a · Fundraising events: contributions included on line 1c

    $5,590

  • 8b · Fundraising events: direct expenses

    $13,828

  • 8c · Net income from fundraising events

    total -$8,239 · excluded -$8,239

  • 10a · Gross sales of inventory

    $824

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $824 · unrelated business $824

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,026,000 · program services $1,026,000

  • 5 · Compensation of officers, directors and key employees

    total $161,240 · program services $56,215 · management and general $49,326 · fundraising $55,699

  • 7 · Other salaries and wages

    total $221,406 · program services $81,349 · management and general $59,454 · fundraising $80,603

  • 8 · Pension plan contributions

    total $1,209 · program services $444 · management and general $325 · fundraising $440

  • 9 · Other employee benefits

    total $2,226 · management and general $2,226

  • 10 · Payroll taxes

    total $26,730 · program services $9,821 · management and general $7,178 · fundraising $9,731

  • 11c · Fees: accounting

    total $40,045 · management and general $40,045

  • 11g · Fees: other

    total $89,748 · program services $89,748

  • 12 · Advertising and promotion

    total $72,354 · fundraising $72,354

  • 13 · Office expenses

    total $20,630 · program services $395 · management and general $19,844 · fundraising $391

  • 16 · Occupancy

    total $10,803 · management and general $10,803

  • 17 · Travel

    total $1,584 · fundraising $1,584

  • 22 · Depreciation, depletion and amortization

    total $18,832 · program services $6,919 · management and general $5,057 · fundraising $6,856

  • 23 · Insurance

    total $3,792 · management and general $3,792

  • 24a · Other expenses: PROGRAM SERVICES

    total $300,996 · program services $300,996

  • 24b · Other expenses: TAXES AND LICENSES

    total $1,654 · management and general $1,654

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,453,628 · end of year $603,583

  • 4 · Accounts receivable

    beginning of year $1,077

  • 9 · Prepaid expenses and deferred charges

    end of year $113,287

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

    $493,391

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

    $50,621

  • 10c · Land, buildings and equipment, net

    beginning of year $61,409 · end of year $442,770

  • 15 · Other assets

    beginning of year $15,451 · end of year $25,298

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,651 · end of year $249,577

  • 25 · Other liabilities

    beginning of year $15,176 · end of year $9,944

  • 27 · Net assets without donor restrictions

    beginning of year $429,003 · end of year -$128,174

  • 28 · Net assets with donor restrictions

    beginning of year $1,080,735 · end of year $1,053,591

Mission and programs · 2023

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.

Activities or mission (Part I)

ADDRESS THE NEED FOR EQUITY, DIVERSITY, SUSTAINABILITY AND COMPASSION IN THE RESTAURANT INDUSTRY.

  • FISCAL AGENT FOR SOUTHERN RESTAURANTS FOR RACIAL JUSTICE, A PROGRAM THAT PROVIDES GRANTS TO BLACK OWNED RESTAURANTS AND FOOD BUSINESSES ACROSS AMERICA.

    Expenses $1,000,045 · Grants $995,000

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

    Expenses $188,888 · Grants $5,000

  • 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 $71,359

  • RESTAURANT WORKERS RELIEF AND OTHER GRANTS AND PROGRAM SERVICES.

    Expenses $311,595 · Grants $26,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ben Johnson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Karen Keith

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Ben Robinson

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Shauntrice Martin

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Lindsey Ofcacek

    MANAGING DIRECTOR

    Total calculated
    $111,240
    From this org
    $100,657
    From related orgs
    $0
    Other
    $10,583
    Hours/week
    55

  • Edward Lee

    CREATIVE DIRECTOR

    Total calculated
    $50,000
    From this org
    $50,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

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

  • FLORIDA AVENUE GRILL

    $25,000

    RACIAL JUSTICE SRRJ

  • HOOVER'S COOKING

    $25,000

    RACIAL JUSTICE SRRJ

  • HORN BARBEQUE

    $25,000

    RACIAL JUSTICE SRRJ

  • THE HISTORIC MAGNOLIA HOUSE

    $25,000

    RACIAL JUSTICE SRRJ

  • A TASTE OF HEAVEN

    $15,000

    RACIAL JUSTICE SRRJ

  • AUNTIE KIM'S POUND CAKES

    $15,000

    RACIAL JUSTICE SRRJ

  • BIRD PIZZERIA

    $15,000

    RACIAL JUSTICE SRRJ

  • BOBBY'S BBQ

    $15,000

    RACIAL JUSTICE SRRJ

  • BUNA KURS ETHIOPIAN CAFE

    $15,000

    RACIAL JUSTICE SRRJ

  • BUTTERMILK BOUTIQUE

    $15,000

    RACIAL JUSTICE SRRJ

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

    501(C)(3) · SUPPORT LEE INITIATIVE, INC · DC · controlled entity

    Directly controlled by LEE INITIATIVE INC

Provenance

Return type
form_990
Tax year
2023
Filed
11 December 2024
IRS schema version
2023v5.1
Source object
202403479349301115

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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