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Nonprofiteer
← LEE COLLEGE FOUNDATION INC

Form 990 for tax year 2022

Filed by LEE COLLEGE FOUNDATION INC.

Totals

Total revenue
$1,269,828
Total expenses
$1,330,953
Contributions and grants received
$954,948
Grants paid
$947,425
Program service revenue
$0
Investment income
$361,935
Other revenue
-$47,055
Total assets, end of year
$17,109,281
Total liabilities, end of year
$122,222
Net assets or fund balances, end of year
$16,987,059
Program services expenses (Part IX)
$1,242,557
Management and general expenses
$88,396
Fundraising expenses
$0
Program service expenses (Part III)
$1,242,557

Program services were 93.4% 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.

  • 1c · Fundraising events

    $164,316

  • 1f · All other contributions, gifts and grants

    $790,632

  • 1g · Noncash contributions included above

    $295,132

  • 3 · Investment income

    total $160,773 · excluded $160,773

  • 7a · Gross sales of assets other than inventory

    securities $201,162

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

    securities $0

  • 7c · Gain or loss

    securities $201,162

  • 7d · Net gain or loss

    total $201,162 · excluded $201,162

  • 8a · Fundraising events: gross income

    $13,825

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

    $164,316

  • 8b · Fundraising events: direct expenses

    $60,880

  • 8c · Net income from fundraising events

    total -$47,055 · excluded -$47,055

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $947,425 · program services $947,425

  • 11c · Fees: accounting

    total $10,505 · management and general $10,505

  • 11f · Fees: investment management

    total $42,895 · management and general $42,895

  • 23 · Insurance

    total $3,733 · management and general $3,733

  • 24a · Other expenses: CLASSROOM EQUIPMENT

    total $295,132 · program services $295,132

  • 24b · Other expenses: OTHER

    total $19,283 · management and general $19,283

  • 24c · Other expenses: CONTRACT SERVICES

    total $11,980 · management and general $11,980

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,605,061 · end of year $857,227

  • 2 · Savings and temporary cash investments

    beginning of year $2,487,256 · end of year $2,595,187

  • 4 · Accounts receivable

    beginning of year $0 · end of year $6,200

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,935 · end of year $13,632

  • 11 · Investments: publicly traded securities

    beginning of year $12,226,406 · end of year $13,637,035

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,320 · end of year $3,005

  • 19 · Deferred revenue

    beginning of year $53,975 · end of year $78,025

  • 25 · Other liabilities

    beginning of year $472,540 · end of year $41,192

  • 27 · Net assets without donor restrictions

    beginning of year $891,857 · end of year $940,736

  • 28 · Net assets with donor restrictions

    beginning of year $14,903,966 · end of year $16,046,323

Mission and programs · 2022

Mission

THE LEE COLLEGE FOUNDATION SHALL PROMOTE THE EDUCATIONAL OPPORTUNITIES AVAILABLE TO THE COMMUNITY BY PROVIDING FINANCIAL SUPPORT FOR LEE COLLEGE STUDENTS, ITS FACULTY AND STAFF AND INITIATIVES THROUGH SOLICITATION AND ACCEPTANCE OF GIFTS, DONATIONS, AND GRANTS.

Activities or mission (Part I)

TO SOLICIT AND RECEIVE DONATIONS, GIFTS, AND GRANTS ON BEHALF OF LEE COLLEGE, ITS DEPENDENTS, AND ITS ACTIVITIES.

  • SCHOLARSHIPS FOR LEE COLLEGE DISTRICT STUDENTS, CAPITAL FACILITIES ASSISTANCE FOR LEE COLLEGE, AND EMERGENCY ASSISTANCE DUE TO COVID-19.

    Expenses $1,242,557 · Grants $947,425

As filed on the 2022 return.

Listed in Part VII

  • Gary Englert

    CHAIR

    Total calculated
    $0
    Hours/week
    3
  • Lynne Foley

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    3
  • Roy Fuller

    TREASURER

    Total calculated
    $0
    Hours/week
    3
  • Kristy Claypool

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Carl Pickett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Connie Tilton

    SECRETARY

    Total calculated
    $0
    Hours/week
    3
  • Stephen Doncarlos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Don Coffey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dr Victoria Marron

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Sandra Duree

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jennifer Marcontell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Judy Wheat

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Gina Guillory

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Gilbert Santana

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Laurie Terry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Macie Schubert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Pam Warford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Rusty Senac

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ryan Dagley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Sandy Janacek

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Suzanne Heinrich

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Selah Tacconi

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    32
  • Patricia Ranzini

    EXECUTIVE DIRECTOR

    Total calculated
    $63,942
    From this org
    $0
    From related orgs
    $54,114
    Other
    $9,828
    Hours/week
    32

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

  • LEE COLLEGE DISTRICT

    $947,425

    SCHOLARSHIPS FOR LEE COLLEGE DISTRICT STUDENTS AND FOR CAPITAL FACILITIES IMPROVEMENTS.

Provenance

Return type
form_990
Tax year
2022
Filed
14 January 2024
IRS schema version
2022v5.0
Source object
202410169349301501

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