Richard D Lee and Vera M Lee Foundation Inc
Only null% goes to programs Strong reserves Declining revenue
Richard D Lee and Vera M Lee Foundation Inc is a 501(c)(3) organization based in St Petersburg, Florida, registered in 2013, with $171,136 in FY2024 revenue. CharityIndex grades it F.
1195 81st St S, St Petersburg, FL, 33707 EIN 45-2503472 Since 2013
Revenue (FY2024)
$171K
▼ 50.6% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$296K
Net assets
$3.0M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Richard D Lee and Vera M Lee Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating122 mo reserves · -73% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Richard D Lee and Vera M Lee Foundation Inc: 122 mo reserves · -73% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Richard D Lee and Vera M Lee Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Richard D Lee and Vera M Lee Foundation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1195 81st St S, St Petersburg, FL, 33707
- City
- St Petersburg
- State
- Florida
- Subcategory
- Public Foundations
Financial trends
Revenue declined from $234K (FY2020) to $171K (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $3.0M
Operating margin
-72.9%
Spent more than it raised in the latest fiscal year.
Total assets
$3.0M
Total liabilities
$0
Net assets
$3.0M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $171,136▼50.6% | $295,888▼13.6% | $2,996,768▲8.4% | $2,996,768▲8.4% | 990PF |
| 2023 | $346,645▲312% | $342,615▼33.1% | $2,763,590▲0.1% | $2,763,590▲0.1% | 990PF |
| 2022 | $84,065▼81.5% | $511,948▲1.4% | $2,759,560▼13.4% | $2,759,560▼13.4% | 990PF |
| 2021 | $454,509▲94.1% | $504,707▲77.9% | $3,187,443▼1.6% | $3,187,443▼1.6% | 990PF |
| 2020 | $234,182 | $283,680 | $3,237,641 | $3,237,641 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Richard D Lee and Vera M Lee Foundation Inc a legitimate nonprofit?
- Yes. Richard D Lee and Vera M Lee Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 45-2503472, based in St Petersburg, Florida. Donations are tax-deductible.
- What is Richard D Lee and Vera M Lee Foundation Inc's EIN?
- Richard D Lee and Vera M Lee Foundation Inc's Employer Identification Number (EIN) is 45-2503472.
- How much revenue does Richard D Lee and Vera M Lee Foundation Inc report?
- Richard D Lee and Vera M Lee Foundation Inc reported $171,136 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Richard D Lee and Vera M Lee Foundation Inc have?
- CharityIndex grades Richard D Lee and Vera M Lee Foundation Inc F, based on financial health (reserves and operating margin).
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Data for Richard D Lee and Vera M Lee Foundation Inc (EIN 45-2503472) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.