Overview
What is Lee Initiative Inc?
Lee Initiative Inc, based in Louisville, Kentucky, serves as a fiscal agent for Southern Restaurants for Racial Justice, a program that offers grants to Black-owned restaurants and food businesses nationwide. Their mission is to promote equity, diversity, sustainability, and compassion within the restaurant industry. They achieve this by providing ongoing education, job training, mentorship, leadership opportunities, and resources to independent restaurant operators and employees. Additionally, they offer direct relief and resources to their local community. With a team of seven dedicated individuals, Lee Initiative Inc is committed to fostering a more inclusive and supportive environment in the restaurant sector.
Official website here: www.leeinitiative.org
What are the reviews and ratings of this charity?
87% rating from Charity Navigator, earning a Three-Star out of Four Star rating.
The Lee Initiative Inc demonstrates a strong commitment to accountability and finance, achieving an impressive 87% in this area. The organization boasts 100% independent board members and has established robust policies for conflict of interest and whistleblower protections. Its high program expense ratio of 88.42% indicates that a significant portion of its resources is directed towards its mission.
In terms of culture and community, the Lee Initiative also scores 87%, reflecting its effective engagement strategies. However, the organization faces some challenges, particularly in its working capital ratio, which stands at 0.40 years, suggesting potential liquidity concerns. Overall, the nonprofit shows a solid performance in governance and program execution, though ongoing attention to financial sustainability may be necessary.
This AI summary has been generated from information found on Charity Navigator.
Is Lee Initiative Inc legitimate?
Lee Initiative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lee Initiative Inc 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: $153,346
Professional Fundraising Fees: $0
Other Salaries and Wages: $279,280
For more financial information, click here
Official website here: www.leeinitiative.org
What is the mission statement of Lee Initiative Inc?
Lee Initiative Inc's mission is centered around enhancing equity, diversity, sustainability, and compassion within the restaurant industry. They accomplish this by offering continuing education, job training, mentorship, leadership opportunities, and resources to independent restaurant operators and employees. In addition, they provide direct relief and resources to their community in need. The organization serves as a fiscal agent for Southern Restaurants for Racial Justice, a program that provides grants to Black-owned restaurants and food businesses across America, aiming to support and uplift these establishments.
Official website here: www.leeinitiative.org
Who is the CEO of Lee Initiative Inc?
Edward Lee is the Managing Director of Lee Initiative Inc.
Official website here: www.leeinitiative.org
What is the revenue of Lee Initiative Inc?
Lee Initiative Inc's revenue in 2022 was $2,705,892.
Official website here: www.leeinitiative.org
Who are the executives of Lee Initiative Inc and what are their salaries?
The average compensation at Lee Initiative Inc during 2022 was $61,804. There are 7 employees and 12 volunteers at Lee Initiative Inc.
Here are 6 key members and their salaries:
- Compensation: $103,346
- Related: $0
- Other: $0
- Compensation: $50,000
- 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
Official website here: www.leeinitiative.org
Where can I find the form 990 for Lee Initiative Inc?
Lee Initiative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.leeinitiative.org
Learn more at the official website: www.leeinitiative.org
Mission Statement of Lee Initiative Inc
Lee Initiative Inc is dedicated to making significant strides in the restaurant industry by promoting equity, diversity, sustainability, and compassion. Their mission is to offer continuing education, job training, mentorship, leadership opportunities, and resources to independent restaurant operators and employees. Beyond this, Lee Initiative Inc extends direct relief and resources to their community. In a more tangible sense, Lee Initiative Inc serves as the fiscal agent for Southern Restaurants for Racial Justice, a program that provides grants to Black-owned restaurants and food businesses across the United States. By taking on this role, Lee Initiative Inc is actively working towards creating a more equitable and inclusive landscape within the restaurant industry.
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
Lee Initiative Inc's impact lies in its efforts to address the need for more equity, diversity, sustainability, and compassion in the restaurant industry. By providing continuing education, job training, mentorship, leadership opportunities, and resources to independent restaurant operators and employees, they are actively working towards creating a more inclusive and supportive environment within the industry. Additionally, as the fiscal agent for Southern Restaurants for Racial Justice, a program that provides grants to Black-owned restaurants and food businesses across America, Lee Initiative Inc is directly contributing to the economic empowerment and support of underrepresented communities. Their work not only benefits individual businesses and employees but also has a broader impact on the community by promoting equality and social justice.
This information is meant to be a general summary of Lee Initiative Inc. 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 2022.
- Gross Receipts: $2,733,653
Assets and Liabilities:
- Total Assets: $1,531,565
- Total Liabilities: $21,827
- Net Assets: $1,509,738
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2017
Phone
(954) 873-6447Principal Officer
Edward Lee
Main Address
610 W MAGNOLIA AVE, LOUISVILLE, KY, 40208
Website
www.leeinitiative.orgNTEE Category
Code: J20 - Employment
If you are a representative of Lee Initiative Inc 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.