Bruce Lee Foundation INC FY2023 filing

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The Foundation seeks to preserve, perpetuate, and disseminate Bruce lee's (cont. On sch. O) life example, philosophies and art of jun fan jeet kune DO through inspirational events, educational programs, martial arts instruction, and the Bruce Lee museum.

501(c)(3) charity; gifts are tax-deductible.
49¢ of each $1 spent went to programs.
$96K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $21K a year · 10% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
49%
of spending
Concern: 49% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$96K
to officers and key staff · 57% of spending
Concern: pay to officers and key staff is 57% of spending; over 30%.
Pt VII · Sec A
15 mo
of spending, in cash
Looks good: 15.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1K
0.6% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$149K
-40% vs prior year
Spent
$167K
To programs
49%
Net assets
$214K
By yearFY2020–FY2024
Revenue
$149K
FY2023▼ -40%
Tap a bar for its year
Revenue by fiscal year
FY2020$79K
FY2021$93K
FY2022$250K
FY2023$149K
FY2024$209K
Expenses
$167K
FY2023▼ -8%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022$181K
FY2023$167K
FY2024$198K
Net assets
$214K
FY2023▼ -8%
Tap a bar for its year
Net assets by fiscal year
FY2020$198K
FY2021$163K
FY2022$232K
FY2023$214K
FY2024$231K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2003.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

49 cents of each dollar spent went to programs.

Program services 49% · $82K Management & general 22% · $37K Fundraising 29% · $48K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990; $96K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$95,764Pt VII · Sec A
President/Board Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Natalie Dering’s $67K as Executive Director is at the 62nd percentile of top reported officer pay among 2215 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023
Natalie Dering$67,428$95,764

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Bruce Lee Foundation INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Preserves and shares Bruce Lee's life, philosophies, and martial arts through events, education, and a museum.

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1 program · $82K · in their own filed words · FY2023
01

The bruce lee foundation has created online and physical exhibits to educate people about bruce lee and his unifying and healing teachings, support other aligned organizations in the social impact space, provided martial arts instruction for underprivileged youth, and created and run our camp bruce lee summer program for kids to…

$82Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$5K
Grants paid · 1 grant · $56K · 2022–2022

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$149K
Ln 12
Gifts and grantsLn 1h$242K
Money outPt IX
$167K
Ln 25
Programscol B$82K
Managementcol C$37K
Fundraisingcol D$48K
Owns and owesPt X
$214K
net assets · Ln 32
Cash and savingsLn 1–2$215K
Total assetsLn 16$215K
LiabilitiesLn 26$1K
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$242K
Fundraising eventsLn 1c$110K
Total revenueLn 12$149K
Assets in detailPt X, end of year
CashLn 1$215K
Cash and savings togetherLn 1–2$215K
Other assetsLn 15$372
Total assetsLn 16$215K
LiabilitiesLn 26$1K
Net assetsLn 32$214K
OperationsPt I, VI
EmployeesI 51
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$229K$215K
Land, buildings, equipmentLn 10c$4K$0
Total assetsLn 16$233K$215K
LiabilitiesLn 26$836$1K
Net assetsLn 32$232K$214K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$111$111
Pay of current officers, directors and key staffLn 5$93K$47K$23K$23K
Other employee benefitsLn 9$4K$3K$968
Payroll taxesLn 10$7K$5K$2K
Management feesLn 11a$4K$4K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$19K$3K$483$15K
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$2K$2K
Information technologyLn 14$4K$4K
TravelLn 17$10K$10K
Depreciation, depletion and amortizationLn 22$4K$2K$2K
Other expenses (24a–d)Ln 24$11K$11K$100
Total functional expensesLn 25$167K$82K$37K$48K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS May 8, 2025 $209K$198K$11K$231K 990 PDF
FY2023 ViewingFiled with the IRS Sep 5, 2024 $149K$167K−$18K$214K 990 PDF
FY2022Filed with the IRS Aug 14, 2023 $250K$181K$69K$232K 990 PDF
FY2021Filed with the IRS Aug 11, 2022 $93K$163K 990 PDF
FY2020Filed with the IRS Oct 4, 2021 $79K$198K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $149,396 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $249,904$241,524
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $3$0
I-11 Other revenuePrior year $429−$92,128
I-12 Total revenuePrior year $250,336$149,396
I-13 Grants and similar amounts paidPrior year $65,011$111
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$104,420
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $116,033$62,408
I-18 Total expensesPrior year $181,044$166,939
I-19 Revenue less expensesPrior year $69,292−$17,543
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $149,396 across 6 lines filed
VIII-1c Fundraising events$109,729
VIII-1f All other contributions, gifts and grants$131,795
VIII-1h Total contributions, gifts and grants$241,524
VIII-5 RoyaltiesExcluded from tax $794$794
VIII-8 Net income from fundraising eventsExcluded from tax −$92,922−$92,922
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$92,128$149,396
Part IX · Statement of functional expenses $166,939 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $111$111
IX-5 Pay of current officers, directors and key staffPrograms $46,654 · Management $23,327 · Fundraising $23,327$93,308
IX-9 Other employee benefitsPrograms $2,903 · Management $968$3,871
IX-10 Payroll taxesPrograms $5,431 · Management $1,810$7,241
IX-11a Management feesFundraising $4,309$4,309
IX-11c Accounting feesManagement $2,688$2,688
IX-11g Other fees for servicesPrograms $3,275 · Management $483 · Fundraising $15,000$18,758
IX-12 Advertising and promotionFundraising $5,291$5,291
IX-13 Office expensesManagement $2,485$2,485
IX-14 Information technologyManagement $3,517$3,517
IX-17 TravelPrograms $10,008$10,008
IX-22 Depreciation, depletion and amortizationPrograms $2,055 · Management $2,054$4,109
IX-24 Other expenses (24a–d)Programs $11,143 · Management $100$11,243
IX-25 Total functional expensesPrograms $81,580 · Management $37,432 · Fundraising $47,927$166,939
Part X · Balance sheet $215,173 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $228,856$214,801
X-10c Land, buildings and equipment, netStart of year $4,109$0
X-15 Other assetsStart of year $0$372
X-16 Total assetsStart of year $232,965$215,173
X-17 Accounts payable and accrued expensesStart of year $773$1,323
X-25 Other liabilitiesStart of year $63$0
X-26 Total liabilitiesStart of year $836$1,323
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $232,129$213,850
X-32 Total net assets or fund balancesStart of year $232,129$213,850
X-33 Total liabilities and net assetsStart of year $232,965$215,173
Part XI · Reconciliation of net assets $213,850 net assets at year end
XI-1 Total revenue$149,396
XI-2 Total expenses$166,939
XI-3 Revenue less expenses−$17,543
XI-4 Net assets at start of year$232,129
XI-8 Prior period adjustments−$736
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$213,850

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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