Nonprofit · EIN 82-3884798
LEE INITIATIVE INC
Tax-exempt · LOUISVILLE, KY 40208
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,337,862 | $3,009,151 | -$671,289 | $261,495 | $7,367 | $254,128 |
| December 31, 2023 | 990 | $1,414,928 | $1,999,249 | -$584,321 | $1,184,938 | $259,521 | $925,417 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,337,862
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $2,349,184
- Compensation of officers, directors and key employees
- $75,768
- Other salaries and wages
- $211,939
- Salaries, compensation and benefits (total)
- $313,177
- Professional fundraising fees
- $0
- Accounting fees
- $61,588
- Occupancy
- $2,500
- Travel
- $879
- Depreciation
- $18,832
- Program services (functional)
- $2,638,952
- Management and general (functional)
- $180,318
- Fundraising (functional)
- $189,881
Balance sheet and other
- Total assets, start of year
- $1,185,285
- Total assets, end of year
- $261,495
- Total liabilities, end of year
- $7,367
- Net assets, end of year
- $254,128
- Land, buildings and equipment
- $23,745
- Net assets without donor restrictions
- $254,128
- Gross receipts
- $2,337,862
- Employees
- 5
- Volunteers
- 4
- Year formed
- 2017
- State of legal domicile
- KY
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LINDSEY OFACEK | MANAGING DIR Officer | 55 | $47,874 | $8,663 |
| EDWARD LEE | CREATIVE DIR Officer | 10 | $19,231 | $0 |
| BEN JOHNSON | PRRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| KAREN KEITH | VICE PRESIDE Trustee or director, Officer | 1 | $0 | $0 |
| SHAUNTRICE MARTIN | SECRATARY Trustee or director, Officer | 1 | $0 | $0 |
| BEN ROBINSON | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LINDSEY OFCACEK | MANAGING DIRECTOR Officer | 55 | $100,657 | $10,583 |
| EDWARD LEE | CREATIVE DIRECTOR Officer | 10 | $50,000 | $0 |
| BEN JOHNSON | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| KAREN KEITH | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| BEN ROBINSON | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| SHAUNTRICE MARTIN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 610 W MAGNOLIA AVE, LOUISVILLE, KY 40208-2240
- In care of
- % EDWARD LEE
- Principal officer (990 for 2024)
- EDWARD LEE, 610 W MAGNOLIA AVE, LOUISVILLE, KY 40208
- Signed the 990
- EDWARD LEE, CREATIVE DIRECTOR
- Phone
- (954) 873-6447
- Website
- WWW.LEEINITIATIVE.ORG
- Return prepared by
- HENDERMAN JESSEE AND CO PLLC
Mission
ADMINISTER PROGRAMS THAT PROVIDE CONTINUING EDUCATION, JOB TRAINING, MENTORSHIP, LEADERSHIP OPPORTUNITIES AND RESOURCES TO INDEPENDENT RESTAURANT OPERATORS AND EMPLOYEES. PROVIDE DIRECT RELIEF AND RESOURCES TO OUR COMMUNITY.
Program accomplishments
- A PROGRAM THAT PROVIDES GRANTS TO INDEPENDENT RESTAURANTS PRESERVING AND ADVANCING THE LEGACY OF BLACK FOOD IN AMERICA.Expenses $885,000 · grants $885,000
- A PROGRAM FOR WOMEN CULINARY AND SPIRITS PROFESSIONALS THAT FOCUSES ON LEADERSHIP DEVELOPMENT, MENTORSHIP AND EDUCATION OPPORTUNTIES FOR PROGRAM PARTICIPANTS.
- M. FRANCES RESTAURANT'S MISSION IS TO CREATE A THINK TANK PROJECT, THROUGH WHICH PROGRAMMATIC SOLUTIONS WILL BE CREATED AND IMPLEMENTED TO ADDRESS SOME OF THE INDEPENDENT RESTAURANT INDUSTRY'S MOST PRESSING ISSUES, WHILE ALSO PROVIDING SUPPORT TO THE LOCAL COMMUNITY.Expenses $1,464,184 · grants $1,464,184
- RETAURANT WORKERS RELIEF AND OTHER GRANTS AND PROGRAM SERVICES.Expenses $289,768
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 82-3884798
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Employment (J20)
- Assets (IRS master file)
- $261,495
- Income (IRS master file)
- $2,337,862
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,337,862 | $3,009,151 | $261,495 | XML |
| 990 | December 2023 | $1,414,928 | $1,999,249 | $1,184,938 | XML |
| 990 | December 2022 | $2,705,892 | $2,746,667 | $1,531,565 | IRS |
| 990 | December 2021 | $4,039,877 | $3,201,711 | $1,682,366 | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | 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 82-3884798).
Questions about LEE INITIATIVE INC
- What is the EIN of LEE INITIATIVE INC?
- The employer identification number (EIN) of LEE INITIATIVE INC is 82-3884798.
- Is LEE INITIATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to LEE INITIATIVE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LEE INITIATIVE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LEE INITIATIVE INC 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 INITIATIVE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LEE INITIATIVE INC?
- The 990 for the year ended December 31, 2024 names EDWARD LEE.
- Who are the officers and directors of LEE INITIATIVE INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 2 received compensation from the organization, the highest $47,874 (LINDSEY OFACEK, MANAGING DIR).
- How much revenue does LEE INITIATIVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,337,862, expenses of $3,009,151 and total assets of $261,495 at year end.
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