Nonprofit · EIN 47-5527477
THE JOE AND PATTY LEE FOUNDATION
Tax-exempt · IOWA CITY, IA 52240
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $85,674 | $77,141 | $8,533 | $878,881 | $0 | $878,881 |
| December 31, 2024 | 990-PF | $58,935 | $66,493 | -$7,558 | $872,007 | $0 | $872,007 |
| December 31, 2023 | 990-PF | -$9,840 | $82,035 | -$91,875 | $880,650 | $0 | $880,650 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $34,092
- Net gain from sales of assets
- $51,582
Expenses
- Grants and similar amounts paid
- $63,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $65,352
- Excise tax on investment income
- $1,025
Balance sheet and other
- Total assets, start of year
- $872,007
- Total assets, end of year
- $878,881
- Total liabilities, end of year
- $0
- Net assets, end of year
- $878,881
- Fair market value of assets
- $1,411,158
- Qualifying distributions
- $65,352
- Net investment income
- $85,512
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSEPH D LEE 3696 WHITETAIL LN NE, IOWA CITY, IA 52240 | VICE-PRESIDENT/SECRETARY | 1 | $0 |
| PATRICIA LEE 3696 WHITETAIL LN NE, IOWA CITY, IA 52240 | PRESIDENT/TREASURER | 1 | $0 |
| MASON LEE 3696 WHITETAIL LN NE, IOWA CITY, IA 52240 | DIRECTOR | 1 | $0 |
| MACKENZIE LEE JACOBSON 3696 WHITETAIL LN NE, IOWA CITY, IA 52240 | DIRECTOR | 1 | $0 |
| CONNOR LEE 3696 WHITETAIL LN NE, IOWA CITY, IA 52240 | DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSEPH D LEE 3696 WHITETAIL LN NE, IOWA CITY, IA 52240 | VICE-PRESIDENT/SECRETARY | 1 | $0 |
| PATRICIA LEE 3696 WHITETAIL LN NE, IOWA CITY, IA 52240 | PRESIDENT/TREASURER | 1 | $0 |
| MASON LEE 3696 WHITETAIL LN NE, IOWA CITY, IA 52240 | DIRECTOR | 1 | $0 |
| MACKENZIE LEE JACOBSON 3696 WHITETAIL LN NE, IOWA CITY, IA 52240 | DIRECTOR | 1 | $0 |
| CONNOR LEE 3696 WHITETAIL LN NE, IOWA CITY, IA 52240 | DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSEPH D LEE 221 E COLLEGE STREET STE 1205, IOWA CITY, IA 52240 | VICE-PRESIDENT/SECRETARY | 1 | $0 |
| PATRICIA LEE 221 E COLLEGE STREET STE 1205, IOWA CITY, IA 52240 | PRESIDENT/TREASURER | 1 | $0 |
| MASON LEE 221 E COLLEGE STREET STE 1205, IOWA CITY, IA 52240 | DIRECTOR | 1 | $0 |
| MACKENZIE LEE JACOBSON 221 E COLLEGE STREET STE 1205, IOWA CITY, IA 52240 | DIRECTOR | 1 | $0 |
| CONNOR LEE 221 E COLLEGE STREET STE 1205, IOWA CITY, IA 52240 | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 3696 WHITETAIL LN NE, IOWA CITY, IA 52240-7911
- Signed the 990-PF
- JOSEPH D LEE, VICE PRESIDENT/SECRETARY
- Phone
- (319) 310-2800
- Return prepared by
- RSM US LLP
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 | 990-PF 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
- 47-5527477
- 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
- 2016
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $878,881
- Income (IRS master file)
- $249,131
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $85,674 | $77,141 | $878,881 | IRS |
| 990-PF | December 2024 | $58,935 | $66,493 | $872,007 | IRS |
| 990-PF | December 2023 | -$9,840 | $82,035 | $880,650 | 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 47-5527477).
Questions about THE JOE AND PATTY LEE FOUNDATION
- What is the EIN of THE JOE AND PATTY LEE FOUNDATION?
- The employer identification number (EIN) of THE JOE AND PATTY LEE FOUNDATION is 47-5527477.
- Is THE JOE AND PATTY LEE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to THE JOE AND PATTY LEE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does THE JOE AND PATTY LEE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of THE JOE AND PATTY LEE FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE JOE AND PATTY LEE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of THE JOE AND PATTY LEE FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does THE JOE AND PATTY LEE FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $85,674, expenses of $77,141 and total assets of $878,881 at year end.
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