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← LEE ROBERSON FOUNDATION

Form 990 for tax year 2023

Filed by LEE ROBERSON FOUNDATION.

Totals

Total revenue
$318,624
Total expenses
$377,685
Contributions and grants received
$305,501
Grants paid
$97,719
Program service revenue
$0
Investment income
$0
Other revenue
$13,123
Total assets, end of year
$81,294
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$81,294
Program services expenses (Part IX)
$367,595
Management and general expenses
$10,090
Fundraising expenses
$0
Program service expenses (Part III)
$367,595

Program services were 97.3% 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

    $305,501

  • 5 · Royalties

    total $336 · excluded $336

  • 11a · Other revenue: ADMINISTRATIVE FEES

    total $12,787 · related or exempt $12,787

  • 11e · Other revenue, total

    $12,787

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $97,719 · program services $97,719

  • 11b · Fees: legal

    total $6,130 · management and general $6,130

  • 11c · Fees: accounting

    total $2,000 · management and general $2,000

  • 14 · Information technology

    total $810 · management and general $810

  • 24a · Other expenses: GLOBAL GOSPEL INITIATIV

    total $209,483 · program services $209,483

  • 24b · Other expenses: WHITESTONE GOSPEL MINIS

    total $59,458 · program services $59,458

  • 24c · Other expenses: GLOBAL GOSPEL INITIATIV

    total $935 · program services $935

  • 24d · Other expenses: BANK FEES

    total $914 · management and general $914

  • 24e · All other expenses

    total $236 · management and general $236

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $120,355 · end of year $61,294

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

    $20,000

  • 10c · Land, buildings and equipment, net

    beginning of year $20,000 · end of year $20,000

  • 27 · Net assets without donor restrictions

    beginning of year $140,355 · end of year $81,294

Mission and programs · 2023

Mission

THE PURPOSE OF THE LEE ROBERSON FOUNDATION IS TO PROVIDE POST SECONDARY TUITION SCHOLARSHIPS TO CHRISTIAN MEN AND WOMEN WHO HAVE EXEMPLIFIED OUTSTANDING QUALITIES OF CHARACTER, LEADERSHIP AND SCHOLARSHIP.

  • GLOBAL GOSPEL INITIATIVE - MISSION PROJECTS/TRIPS TO GIVE THE GOSPEL

    Expenses $308,137 · Grants $97,719

  • WHITESTONE MINISTRIES - MISSION OUTREACH TO ENCOURAGE AND TRAIN LEADERS TO GIVE THE GOSPEL

    Expenses $59,458

As filed on the 2023 return.

Listed in Part VII

  • Clarence G Sexton

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Mary Evelyn Sexton

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Matthew Stephen Sexton

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

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

  • CROWN COLLEGE

    $97,719

    GRANT TO CROWN COLLEGE FOR CROWN NEPAL , WHICH IS A MINISTRY OF CROWN COLLEGE. CROWN NEPAL IS A BIBLE TRAINING CENTER IN THE HEART OF KATHMANDU, NEPAL. IT IS A PLACE WHERE MEN AND WOMEN ARE TRAINED TO STUDY THE WORD OF GOD, AND TO TEACH OTHERS ALSO. CROWN NEPAL TRAINS THE BELIEVERS TO SERVE THE LORD THROUGH THE LOCAL CHURCH MINISTRIES IN THE COUNTRY OF NEPAL.

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.

  • CROWN COLLEGE

    501(C)(3) · OPERATION OF COLLEGE IN VARIOUS LEVELS OF RELIGION AND ECUATIONAL INTERESTS · TN

Provenance

Return type
form_990
Tax year
2023
Filed
19 June 2024
IRS schema version
2023v5.1
Source object
202401859349301100

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