William D Lee Memorial Foundation
Only null% goes to programs Thin reserves Declining revenue
William D Lee Memorial Foundation is a 501(c)(3) organization based in Petoskey, Michigan, registered in 2018, with $68,900 in FY2024 revenue. CharityIndex grades it C.
Po Box 361, Petoskey, MI, 49770 EIN 83-2366985 Since 2018
Revenue (FY2024)
$69K
▲ 129.7% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$68K
Net assets
$1,895
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
—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 William D Lee Memorial Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CFinancial health25% of the rating0 mo reserves · +1% 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 William D Lee Memorial Foundation: 0 mo reserves · +1% margin earns a C 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 William D Lee Memorial Foundation— 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 William D Lee Memorial Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 361, Petoskey, MI, 49770
- City
- Petoskey
- State
- Michigan
- Subcategory
- Private Foundations
Financial trends
Revenue declined from $580K (FY2018) to $69K (FY2024) across 7 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $1,895
Operating margin
1.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1,895
Total liabilities
$0
Net assets
$1,895
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $68,900▲130% | $68,000▲83.8% | $1,895▲90.5% | $1,895▲90.5% | 990PF |
| 2023 | $30,000▲43.1% | $37,000▼63.1% | $995▼87.6% | $995▼87.6% | 990PF |
| 2022 | $20,971▼92.5% | $100,233▼77.4% | $7,995▼86.9% | $7,995▼86.9% | 990PF |
| 2021 | $281,398▲5249% | $443,500▲40.6% | $61,229▼72.5% | $61,229▼72.5% | 990PF |
| 2020 | $5,261▼55.3% | $315,524▲544% | $222,376▼58.3% | $222,376▼58.3% | 990PF |
| 2019 | $11,770▼98.0% | $49,032▲386% | $532,639▼6.5% | $532,639▼6.5% | 990PF |
| 2018 | $580,000 | $10,099 | $569,901 | $569,901 | 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 William D Lee Memorial Foundation a legitimate nonprofit?
- Yes. William D Lee Memorial Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 83-2366985, based in Petoskey, Michigan. Donations are tax-deductible.
- What is William D Lee Memorial Foundation's EIN?
- William D Lee Memorial Foundation's Employer Identification Number (EIN) is 83-2366985.
- How much revenue does William D Lee Memorial Foundation report?
- William D Lee Memorial Foundation reported $68,900 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does William D Lee Memorial Foundation have?
- CharityIndex grades William D Lee Memorial Foundation C, based on financial health (reserves and operating margin).
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Data for William D Lee Memorial Foundation (EIN 83-2366985) 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.