The Ingram Lee Foundation EIN 46-1135347 Form 990 (PDF) Claim this org

The Ingram Lee Foundation

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Helps motivated, low-income individuals achieve higher education and life skills. For fiscal year 2024 it reported $223K in revenue, $76K in expenses, and $2.0M in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Houston, TX
Website
www.ingramleefoundation.org
Filings
5 on file (2020–2024)
Revenue
$223KFY2024
Expenses
$76K
Net assets
$2.0M
People
8
Filings
5
Updates
0
More identity details & actions ⌄
EIN  46-1135347 Public charity (501(c)(3)) Houston, TX
Form 990 (PDF)
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Size
$100K–1M
What they do
Helps motivated, low-income individuals achieve higher education and life skills.
Leadership
Patricia T Lee · Chairperson
Money in and out
$223K revenue, $76K expenses
Bottom line
60% program efficiency
Where the money goes · FY2024
Total revenue
$223K
Pt VIII · Ln 12
Total expenses
$76K
Pt IX · Ln 25
Net assets
$2.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $148K
Where spending went · Part IX cols B–D
Program services $0.60 Management & general $0.40
Program efficiency
60%
of spending reaches programs▼ -34% vs prior filing year
Operating runway
311.1mo
months of highly liquid reserves at operating expense rate▲ +287% vs prior filing year
Surplus margin
+66%
revenue over expenses, this year▲ +154% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$223K
FY2024▲ +81%
Expenses
$76K
FY2024▼ -72%
Total assets
$2.0M
FY2024▲ +8%
Total liabilities
$0
FY2024
Total revenue
$223K
Pt VIII · Ln 12
Total expenses
$76K
Pt IX · Ln 25
Net assets
$2.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$148K
Total assetsPt X · Ln 16$2.0M
Program-expense ratioPt IX · col B60%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Ingram Lee Foundation
EINHdr · item D46-1135347
Principal addressHdr · item CHouston, TX
WebsiteHdr · item Jwww.ingramleefoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B82)
Ruling yearIRS BMFAug 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chairperson
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary-Treas
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $45K of program spending, described in the organization's own filed words · FY2024.
01

Raise funds for scholarships.

$45Kprogram expense

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Statement of Revenue

Part VIII
Investment income$160K · 72%
Contributions & grants$63K · 28%
Investment income72%$160K
Contributions & grants28%$63K
Total revenueLn 12$223K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.60 Management & general $0.40
Program services60%$45K
Management & general40%$30K
Total functional expensesLn 25$76K

Balance Sheet

Part X · end of year
CashLn 1$188K
Total assetsLn 16$2.0M
Total liabilitiesLn 26$0
Total net assetsLn 32$2.0M
Months of cash on handcomputed29.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.0M · Operating expenses/yr $76K
311.1 months
Where the money goes
Program services
Program services $45K · Total expenses $76K
60%
Management & General
Management & general $30K · Total expenses $76K
40%
Fundraising
Fundraising $0 · Total expenses $76K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $69K · Solicited contributions (3-yr avg) $279K
$0.25 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $63K · Total revenue $223K
28%
Government reliance
Government grants — · Total revenue $223K
Earned-income share
Program service revenue $0 · Total revenue $223K
0%
Investment reliance
Investment income $160K · Total revenue $223K
+72%
Program self-sufficiency
Program service revenue $0 · Total expenses $76K
0%
Growth & trend
Revenue growth (YoY)
This year $223K · Prior year $123K
+81%
Revenue CAGR
FY2020 $472K · FY2024 $223K
-17%
Net-asset trend (YoY)
End of year $2.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $223K · Expenses $76K
+66%
Liabilities-to-Assets
Total liabilities — · Total assets $2.0M
Net-asset ratio
Net assets $2.0M · Total assets $2.0M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.8M · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $2.0M
90%
People & payroll
Highest Reported Total Compensation
Individual Patricia T Lee · Reported title Chairperson · Highest reported compensation $0 · Total expenses $76K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $76K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 60%
Overhead ratio 40%
Fundraising cost ratio 0%
Revenue growth 81%
Investment management fee ratio 1%
Legal fee ratio 0%
Accounting fee ratio 6%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$63K
Grants paid · 21 grants · $1.1M · 2020–2024
University of Texas at AustinFY2024$25,000
Nicholls State UniversityFY2024$13,107
Auburn University FoundationAL · FY2023$50,000
Nicholls State UniversityFY2023$9,699
University of New HavenCT · FY2022$105,000
Auburn University FoundationAL · FY2022$100,000
Nicholls State UniversityFY2022$21,816
Auburn University FoundationAL · FY2021$100,000
The Univof Texas at AustinFY2021$75,000
Nicholls State UniversityFY2021$12,750
Texas A&m FoundationTX · FY2020$72,000
See all 21 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$223K revenue · viewing · ⤓ 990 PDF
FY2023$123K revenue · ⤓ 990 PDF
FY2022$731K revenue · ⤓ 990 PDF
FY2021$605K revenue · ⤓ 990 PDF
FY2020$472K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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