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The Ingram Lee Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 461135347 ✦ Houston, TX ✦ Designated as a 501(c)(3)

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Overview

What is The Ingram Lee Foundation?

The Ingram Lee Foundation is a nonprofit organization that was established with the mission to uplift and enhance the lives of motivated, economically disadvantaged individuals. It achieves this goal by offering assistance to help these individuals advance to higher education. This educational journey serves as a platform for the development of essential life skills. The foundation's aim is to equip these individuals with the tools necessary to overcome their economic challenges and lead fulfilling lives.


Official website here: www.ingramleefoundation.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: Needs Improvement (64%, Two-Star out of Four Star rating)

The Ingram Lee Foundation has received a Two-Star rating from Charity Navigator, indicating that the organization has areas needing improvement. While it boasts a strong score for having 100% independent board members and no material diversion of assets, its overall accountability and financial transparency are lacking.

Key strengths include a solid program expense ratio of 65.76%, suggesting that the majority of its funds are directed toward its programs. However, the foundation falls short in several governance and compliance areas. Notably, it lacks essential policies such as a conflict of interest policy and a whistleblower policy, which can be critical for maintaining organizational integrity.

Overall, while the Ingram Lee Foundation demonstrates a commitment to its mission through its program spending, the absence of key financial documentation and governance policies raises concerns about its operational transparency and accountability. Addressing these issues could enhance its rating and improve public trust.


This AI summary has been generated from information found on Charity Navigator.

Is The Ingram Lee Foundation legitimate?

The Ingram Lee Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Ingram Lee Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.ingramleefoundation.org

What is the mission statement of The Ingram Lee Foundation?

The Ingram Lee Foundation was established with the mission to aid and enhance the lives of motivated individuals who are economically disadvantaged. The foundation achieves this by providing assistance to facilitate their progress towards higher education. This educational journey is intended to foster the development of essential life skills. By doing so, the foundation aims to empower these individuals, enabling them to lead more fulfilling lives.


Official website here: www.ingramleefoundation.org

Who is the CEO of The Ingram Lee Foundation?

Trent Kelley is the Chairperson of The Ingram Lee Foundation.


Official website here: www.ingramleefoundation.org

What is the revenue of The Ingram Lee Foundation?

The Ingram Lee Foundation's revenue in 2022 was $730,948.


Official website here: www.ingramleefoundation.org

Who are the executives of The Ingram Lee Foundation and what are their salaries?


Here are 8 key members and their salaries:


Patricia T Lee (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Trent Kelley (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Loane (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Penny Loane (Secretary-Treas)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dennis Murphy (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Bourgeois (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Victor Brossette (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phyllis Brossette (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.ingramleefoundation.org

Where can I find the form 990 for The Ingram Lee Foundation?

The Ingram Lee Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.ingramleefoundation.org

Learn more at the official website: www.ingramleefoundation.org

Mission Statement of The Ingram Lee Foundation

The Ingram Lee Foundation, established with a noble purpose, aims to enhance and improve the lives of motivated individuals who face economic disadvantages. The organization's mission is centered around providing aid and facilitating progress for these individuals, ultimately guiding them towards higher education. This educational journey serves as a platform for the development of essential life skills. By offering assistance, The Ingram Lee Foundation empowers economically disadvantaged individuals, enabling them to overcome their current circumstances and pave the way for a brighter future.

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Impact




July, 2024

The Ingram Lee Foundation's impact lies in aiding and improving the lives of economically disadvantaged individuals by providing assistance to facilitate their progress to higher education for the purpose of developing life skills. Through its initiatives, the foundation plays a significant role in empowering motivated individuals to pursue educational opportunities and achieve personal growth.




This information is meant to be a general summary of The Ingram Lee Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$730,948 (2022)
Expenses
$636,476 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $37,063
  • Gross Receipts: $1,227,148

Assets and Liabilities:

  • Total Assets: $1,819,433
  • Total Liabilities: $0
  • Net Assets: $1,819,433

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Organization Details

Founding Year

2012

Principal Officer

Trent Kelley

Main Address

POBox 22183, Houston, TX, 77227

NTEE Category

Code: B82 - Education

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