Lees Friends EIN 54-1533488

Lees Friends

Not yet claimed Claim this org →

Provides emotional and practical support to cancer patients and their families during diagnosis and treatment. For fiscal year 2024 it reported $347K in revenue, $381K in expenses, and $1.8M in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Norfolk, VA
Website
www.leesfriends.org
Filings
5 on file (2020–2024)
Revenue
$347KFY2024
Expenses
$381K
Net assets
$1.8M
People
10
Filings
5
Updates
0
More identity details & actions ⌄
EIN  54-1533488 Public charity (501(c)(3)) Norfolk, VA
Form 990 (PDF)
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Lees Friends claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Provides emotional and practical support to cancer patients and their families during diagnosis and treatment.
Leadership
Carol Olsen · Executive Director · $67K
Money in and out
$347K revenue, $381K expenses
Bottom line
70% program efficiency
Where the money goes · FY2024
Total revenue
$347K
Pt VIII · Ln 12
Total expenses
$381K
Pt IX · Ln 25
Net assets
$1.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$34K
Where spending went · Part IX cols B–D
Program services $0.70 Management & general $0.23 Fundraising $0.07
Program efficiency
70%
of spending reaches programs▼ -11% vs prior filing year
Operating runway
56.1mo
months of highly liquid reserves at operating expense rate▼ -5% vs prior filing year
Surplus margin
-10%
revenue over expenses, this year▲ +72% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$347K
FY2024▲ +30%
Expenses
$381K
FY2024▲ +6%
Total assets
$1.8M
FY2024-0.3%
Total liabilities
$16K
FY2024▲ +0.9%
Total revenue
$347K
Pt VIII · Ln 12
Total expenses
$381K
Pt IX · Ln 25
Net assets
$1.8M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$34K
Total assetsPt X · Ln 16$1.8M
Program-expense ratioPt IX · col B70%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

1 program service account for $266K of program spending, described in the organization's own filed words · FY2024.
01

The Organization provides one-on-one emotional support to cancer patients and their families, transportation to hospitals, doctors offices, laboratories and oncology centers for individuals undergoing cancer treatment, and financials grants to cancer patients in need of assistance.

$266Kprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLees Friends
EINHdr · item D54-1533488
Principal addressHdr · item CNorfolk, VA
WebsiteHdr · item Jwww.leesfriends.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFApr 1990

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$67,050Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Carol Olsen$70,051$66,716$63,538$61,688
Carol Olsen$67,050

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 Lees Friends executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Contributions & grants$207K · 60%
Investment income$140K · 40%
Contributions & grants60%$207K
Investment income40%$140K
Total revenueLn 12$347K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.70 Management & general $0.23 Fundraising $0.07
Program services70%$266K
Management & general23%$89K
Fundraising7%$26K
Total functional expensesLn 25$381K

Balance Sheet

Part X · end of year
CashLn 1$141K
Total assetsLn 16$1.8M
Total liabilitiesLn 26$16K
Total net assetsLn 32$1.8M
Months of cash on handcomputed4.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.8M · Operating expenses/yr $381K
56.1 months
Where the money goes
Program services
Program services $266K · Total expenses $381K
70%
Management & General
Management & general $89K · Total expenses $381K
23%
Fundraising
Fundraising $26K · Total expenses $381K
7%
Cost to raise $1
Fundraising expense (3-yr avg) $25K · Solicited contributions (3-yr avg) $219K
$0.12 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $207K · Total revenue $347K
60%
Government reliance
Government grants — · Total revenue $347K
Earned-income share
Program service revenue $0 · Total revenue $347K
0%
Investment reliance
Investment income $140K · Total revenue $347K
+40%
Program self-sufficiency
Program service revenue $0 · Total expenses $381K
0%
Growth & trend
Revenue growth (YoY)
This year $347K · Prior year $266K
+30%
Revenue CAGR
FY2020 $317K · FY2024 $347K
+2%
Net-asset trend (YoY)
End of year $1.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $347K · Expenses $381K
-10%
Liabilities-to-Assets
Total liabilities — · Total assets $1.8M
Net-asset ratio
Net assets $1.8M · Total assets $1.8M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.6M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.8M
91%
People & payroll
Highest Reported Total Compensation
Individual Carol Olsen · Reported title Executive Director · Highest reported compensation $67K · Total expenses $381K
18%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $217K · Total expenses $381K
57%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 70%
Overhead ratio 23%
Fundraising cost ratio 13%
Revenue growth 30%
Investment management fee ratio 1%
Accounting fee ratio 3%

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 3 funders$70K
See all 3 funders →
Grants paid · 5 grants · $377K · 2020–2024
Unitemized GrantFY2024$65,941
Unitemized GrantFY2023$90,459
Unitemized GrantFY2022$92,063
Unitemized GrantFY2021$70,117
Unitemized GrantFY2020$58,540

Similar Organizations

Closest in mission — by what they do
See all organizations like Lees Friends →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

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)$347K revenue · viewing · ⤓ 990 PDF
FY2023$266K revenue · ⤓ 990 PDF
FY2022$349K revenue · ⤓ 990 PDF
FY2021$428K revenue · ⤓ 990 PDF
FY2020$317K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

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

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.