Overview
What is Lee College Foundation?
The Lee College Foundation is a charitable organization, headquartered in Baytown, Texas, with an address at 511 S Whitings. Its primary mission is to support the educational endeavors of the Lee College District. This includes providing scholarships to students, aiding in the development of capital facilities for Lee College, and offering emergency assistance during times of need, such as the COVID-19 pandemic. The foundation fulfills this mission by soliciting and receiving donations, gifts, and grants on behalf of Lee College, its affiliates, and related activities. Its purpose is to promote educational opportunities within the community by financially backing Lee College students, faculty, and staff, as well as various initiatives.
Official website here: www.lee.edu/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating
The Lee College Foundation has achieved a remarkable 96% score, earning it a Four-Star rating from Charity Navigator, indicating a high level of trustworthiness and financial health. This rating demonstrates the foundation's strong commitment to accountability and finance, which is essential for donor confidence and sustainable operations. The score reflects a single beacon score heavily weighted on financial accountability, showcasing the foundation's fiscal responsibility.
One of the notable strengths of the Lee College Foundation is its governance structure, with a board composed entirely of independent members, ensuring unbiased decision-making. The organization has also established robust financial oversight, as evidenced by its perfect score in audit practices and the absence of any reported material diversion of assets. Furthermore, its program expense ratio of 92.96% highlights a significant focus on utilizing funds effectively for its mission.
However, the foundation has a limitation in its governance policies, specifically the lack of a whistleblower policy, which could enhance transparency and ethical reporting. Despite this gap, the overall financial and governance practices of the Lee College Foundation position it as a reliable nonprofit dedicated to supporting its educational mission.
This AI summary has been generated from information found on Charity Navigator.
Is Lee College Foundation legitimate?
Lee College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lee College 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.lee.edu/foundation
What is the mission statement of Lee College Foundation?
The Lee College Foundation's mission is to promote educational opportunities in the community by providing financial support. This is achieved by soliciting and accepting donations, gifts, and grants on behalf of Lee College, its students, faculty, and staff, as well as its initiatives. The primary objectives include offering scholarships to students within the Lee College district, offering capital facilities assistance to Lee College, and providing emergency aid due to COVID-19. By doing so, the foundation aims to enhance the educational experience and support the overall well-being of the college and its community.
Official website here: www.lee.edu/foundation
Who is the CEO of Lee College Foundation?
Selah Tacconi is the Chair of Lee College Foundation.
Official website here: www.lee.edu/foundation
What is the revenue of Lee College Foundation?
Lee College Foundation's revenue in 2023 was $1,269,828.
Official website here: www.lee.edu/foundation
Who are the executives of Lee College Foundation and what are their salaries?
There 25 volunteers at Lee College Foundation.
Here are 23 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $54,114
- Other: $9,828
Official website here: www.lee.edu/foundation
Where can I find the form 990 for Lee College Foundation?
Lee College Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lee.edu/foundation
Learn more at the official website: www.lee.edu/foundation
Mission Statement of Lee College Foundation
The Lee College Foundation, a nonprofit organization, is dedicated to proactively seeking and acquiring donations, gifts, and grants on behalf of Lee College, its affiliates, and associated activities. Its primary objective is to foster educational prospects within the community by financially supporting Lee College students, faculty, and staff, as well as various initiatives. By soliciting and accepting contributions, the Lee College Foundation aims to augment the educational opportunities accessible to the community.
Specifically, the Lee College Foundation provides financial assistance in several forms. It offers scholarships to students residing within the Lee College District, thereby alleviating financial barriers and enabling them to pursue their academic goals. Moreover, the foundation contributes towards the improvement of Lee College's capital facilities, ensuring that the educational environment remains conducive to learning. In response to the unprecedented challenges posed by the COVID-19 pandemic, the Lee College Foundation also provides emergency aid to students who have been adversely affected.
In summary, the Lee College Foundation serves as a critical link between the community and Lee College, bolstering the educational opportunities available to students, faculty, and staff. By soliciting and administering donations, grants, and scholarships, the foundation plays a vital role in supporting the college's mission and enhancing the educational experience for all its stakeholders.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
The Lee College Foundation significantly impacts the educational opportunities available to the community by providing financial support for Lee College students, faculty, staff, and initiatives through the solicitation and acceptance of gifts, donations, and grants. This impact is felt through the provision of scholarships for Lee College district students, assistance in funding capital facilities for Lee College, and emergency aid, especially during the difficult times caused by the COVID-19 pandemic.
This information is meant to be a general summary of Lee College 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $361,935
- Gross Receipts: $1,330,708
Assets and Liabilities:
- Total Assets: $17,109,281
- Total Liabilities: $122,222
- Net Assets: $16,987,059
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1968
Phone
(281) 425-6352Principal Officer
Selah Tacconi
Main Address
511 S WHITING, BAYTOWN, TX, 77520
Website
www.lee.edu/foundationNTEE Category
Code: B42 - Education
If you are a representative of Lee College Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.