Nonprofit · EIN 58-6049441
RAY M & MARY ELIZABETH LEE FOUNDATION INC
Tax-exempt · MARIETTA, GA 30060
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $9,503,479 | $848,460 | $8,655,019 | $19,585,284 | $0 | $19,585,284 |
| December 31, 2024 | 990-PF | $159,597 | $888,498 | -$728,901 | $11,430,265 | $500,000 | $10,930,265 |
| September 30, 2024 | 990-PF | $687,195 | $964,043 | -$276,848 | $12,160,784 | $0 | $12,160,784 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $111,147
- Interest
- $240,377
- Net gain from sales of assets
- $9,151,955
Expenses
- Grants and similar amounts paid
- $455,000
- Compensation of officers, directors and key employees
- $24,000
- Disbursements for charitable purposes
- $548,135
- Excise tax on investment income
- $128,318
Balance sheet and other
- Total assets, start of year
- $11,430,265
- Total assets, end of year
- $19,585,284
- Total liabilities, end of year
- $0
- Net assets, end of year
- $19,585,284
- Fair market value of assets
- $21,380,250
- Qualifying distributions
- $548,135
- Net investment income
- $9,503,479
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 |
|---|---|---|---|
| HANSELL L SMITH 94 CHURCH ST, MARIETTA, GA 30060 | Chairman | 2 | $24,000 |
| WHITAKER W SMITH 84 CHURCH ST, MARIETTA, GA 30060 | Secretary | 2 | $0 |
990-PF for the year ended December 31, 2024: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Hansell L Smith 94 Church St, Marietta, GA 30060 | ChairmanTreasurer | 6 | $0 |
990-PF for the year ended September 30, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Donald D Smith 94 Church St, Marietta, GA 30060 | Chairman | 20 | $0 |
| Hansell L Smith 94 Church St, Marietta, GA 30060 | ChairmanTreasurer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 94 CHURCH ST NE, MARIETTA, GA 30060-1908
- In care of
- % HANSELL L SMITH
- Signed the 990-PF
- HANSELL L SMITH, Chairman
- Phone
- (770) 429-8200
- Return prepared by
- SUTE CPAs LLC
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 | Check at the IRS |
IRS record
- EIN
- 58-6049441
- 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
- 1966
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $19,585,284
- Income (IRS master file)
- $12,829,476
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $9,503,479 | $848,460 | $19,585,284 | IRS |
| 990-PF | December 2024 | $159,597 | $888,498 | $11,430,265 | IRS |
| 990-PF | September 2024 | $687,195 | $964,043 | $12,160,784 | XML |
| 990-PF | September 2023 | $692,339 | $957,047 | $12,443,330 | IRS |
| 990-PF | September 2022 | $789,368 | $873,908 | $12,720,363 | IRS |
| 990-PF | September 2021 | – | – | – | IRS |
| 990-PF | September 2020 | – | – | – | IRS |
| 990-PF | September 2019 | – | – | – | IRS |
| 990-PF | September 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 58-6049441).
Questions about RAY M & MARY ELIZABETH LEE FOUNDATION INC
- What is the EIN of RAY M & MARY ELIZABETH LEE FOUNDATION INC?
- The employer identification number (EIN) of RAY M & MARY ELIZABETH LEE FOUNDATION INC is 58-6049441.
- Is RAY M & MARY ELIZABETH LEE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1966.
- Are donations to RAY M & MARY ELIZABETH LEE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does RAY M & MARY ELIZABETH LEE FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of RAY M & MARY ELIZABETH LEE FOUNDATION INC 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 RAY M & MARY ELIZABETH LEE FOUNDATION INC 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 RAY M & MARY ELIZABETH LEE FOUNDATION INC?
- The 990-PF for the year ended December 31, 2025 lists 2 people; 1 received compensation from the organization, the highest $24,000 (HANSELL L SMITH, Chairman).
- How much revenue does RAY M & MARY ELIZABETH LEE FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $9,503,479, expenses of $848,460 and total assets of $19,585,284 at year end.
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