Nonprofit · EIN 16-6503671
LEE AND YUM FOUNDATION
Also known as LEE BAI & J YUM TTEE
Tax-exempt · VESTAL, NY 13850
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF (amended) | $162,031 | $408,754 | -$246,723 | $2,440,802 | $0 | $2,440,802 |
| December 31, 2023 | 990-PF | $318,283 | $400,010 | -$81,727 | $2,687,525 | $0 | $2,687,525 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $152,443
- Interest
- $4,872
- Net gain from sales of assets
- $60
- Other income
- $4,656
Expenses
- Grants and similar amounts paid
- $361,600
- Disbursements for charitable purposes
- $361,600
- Excise tax on investment income
- $1,532
Balance sheet and other
- Total assets, start of year
- $2,687,525
- Total assets, end of year
- $2,440,802
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,440,802
- Fair market value of assets
- $10,723,584
- Qualifying distributions
- $361,600
- Net investment income
- $157,375
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Bai Lee 2612 Pinebluff Drive, Vestal, NY 13850 | President | 2 | $0 |
| Jung Yum 2612 Pinebluff Drive, Vestal, NY 13850 | Trustee | 1 | $0 |
| June Burton PO Box 453, Hallstead, PA 18822 | Treasurer | 2 | $0 |
| Benjamin Y Lee 34 Westwind Circle, Lititz, PA 17543 | Trustee | 1 | $0 |
| Janet Y Lee 4629 Tallmaple Ct, Ellicott City, MD 21043 | Trustee | 1 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Bai Lee 2612 Pinebluff Drive, Vestal, NY 13850 | President | 2 | $0 |
| Jung Yum 2612 Pinebluff Drive, Vestal, NY 13850 | Trustee | 1 | $0 |
| June Burton PO Box 453, Hallstead, PA 18822 | Treasurer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 2612 PINEBLUFF DR, VESTAL, NY 13850-2910
- In care of
- % BAI O LEE
- Signed the 990-PF
- Bai Lee, President
- Phone
- (717) 742-4020
- Return prepared by
- Mondorf & Fenwick CPAs PLLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 16-6503671
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2000
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $2,440,802
- Income (IRS master file)
- $162,031
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $162,031 | $408,754 | $2,440,802 | XML |
| 990-PF | December 2023 | $318,283 | $400,010 | $2,687,525 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 16-6503671).
Questions about LEE AND YUM FOUNDATION
- What is the EIN of LEE AND YUM FOUNDATION?
- The employer identification number (EIN) of LEE AND YUM FOUNDATION is 16-6503671.
- Is LEE AND YUM FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to LEE AND YUM FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does LEE AND YUM FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of LEE AND YUM FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LEE AND YUM FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of LEE AND YUM FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does LEE AND YUM FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $162,031, expenses of $408,754 and total assets of $2,440,802 at year end.
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