Mary Lee Community FY2024 filing

Austin, TXUnknown exempt organizationSince 2000EIN 74-2960018Revenue $4.4M in FY2024

On file with the IRSmaryleefoundation.org1339 Lamar Square Drive · Austin, TX

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The organization owns, maintains, and refurbishes rehabiliation facilities, buildings, monuments, and structures, owned by the corporation, that will benefit the care, treatment, housing, welfare, and education of those persons needing health and mental retardation services.

96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $63K a year · 5% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 11 voting members
Looks good: 10 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.4M
+436% vs prior year
Spent
$3.4M
To programs
96%
Net assets
$72K
By yearFY2020–FY2025
Revenue
$4.4M
FY2024▲ +436%
Tap a bar for its year
Revenue by fiscal year
FY2020$826K
FY2021$837K
FY2022$884K
FY2023$825K
FY2024$4.4M
FY2025$282
Expenses
$3.4M
FY2024▲ +168%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.1M
FY2021$1.1M
FY2022$1.2M
FY2023$1.3M
FY2024$3.4M
FY2025$72K
Net assets
$72K
FY2024▲ +108%
Tap a bar for its year
Net assets by fiscal year
FY2020$67K
FY2021−$177K
FY2022−$466K
FY2023−$919K
FY2024$72K
FY2025$0

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $3.3M Management & general 4% · $132K

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

11 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer/Controller
$0Pt VII · Sec A
President/E.d.
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See Mary Lee Community executive salaries →

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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 15aYes

Programs and updates

Maintains and refurbishes facilities for mental health and developmental disability services.

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Provided by the organization

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1 program · $3.3M · in their own filed words · FY2023
01

Mary lee community owned and operated 3 apartment complexes in austin, texas prior to disposal of these complexes on may 31, 2024. The 30-UNIT affordable housing complex (cornerstone apartments) was home to 30 persons AND/OR families during this fiscal year, many with special needs, as well as, single parents with young children.

$3.3Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $2.4M · 2023–2023
Mary Lee FoundationTX · FY2023$2,367,221

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$4.4M
Ln 12
Investment incomeLn 3$2.1M
Gifts and grantsLn 1h$1.6M
Fees for servicesLn 2g$703K
Money outPt IX
$3.4M
Ln 25
Programscol B$3.3M
Managementcol C$132K
Owns and owesPt X
$72K
net assets · Ln 32
Cash and savingsLn 1–2$67K
Total assetsLn 16$72K
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.6M
Noncash giftsLn 1g$1.6M
Fees for servicesLn 2g$703K
Investment incomeLn 3$2.1M
Gains on assetsLn 7$2.1M
Total revenueLn 12$4.4M
Assets in detailPt X, end of year
CashLn 1$67K
Cash and savings togetherLn 1–2$67K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$72K
LiabilitiesLn 26$0
Net assetsLn 32$72K
OperationsPt I, VI
EmployeesI 5137
VolunteersI 6200
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$77K$67K
Land, buildings, equipmentLn 10c$6.5M$0
Total assetsLn 16$6.6M$72K
LiabilitiesLn 26$7.6M$0
Net assetsLn 32−$919K$72K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.4M$2.4M
Other salaries and wagesLn 7$152K$152K
Pension plan contributionsLn 8$459$459
Other employee benefitsLn 9$20K$20K
Payroll taxesLn 10$13K$13K
Management feesLn 11a$68K$68K
Accounting feesLn 11c$14K$14K
Other fees for servicesLn 11g$42K$23K$19K
Office expensesLn 13$5K$5K
OccupancyLn 16$307K$293K$13K
InterestLn 20$291$291
Depreciation, depletion and amortizationLn 22$262K$262K
InsuranceLn 23$18K$18K
Other expenses (24a–d)Ln 24$165K$153K$12K
Total functional expensesLn 25$3.4M$3.3M$132K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $282$72K−$72K$0 990 PDF
FY2024 Viewing $4.4M$3.4M$991K$72K 990 PDF
FY2023 $825K$1.3M−$454K−$919K 990 PDF
FY2022 $884K$1.2M−$289K−$466K 990 PDF
FY2021 $837K$1.1M−$243K−$177K 990 PDF
FY2020 $826K$1.1M−$309K$67K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $4,424,646 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$1,643,200
I-9 Program service revenuePrior year $825,133$702,649
I-10 Investment incomePrior year $0$2,078,797
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $825,133$4,424,646
I-13 Grants and similar amounts paidPrior year $0$2,367,221
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $288,383$185,285
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $990,522$880,875
I-18 Total expensesPrior year $1,278,905$3,433,381
I-19 Revenue less expensesPrior year −$453,772$991,265
Part VI · Governance 10 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,424,646 across 6 lines filed
VIII-1f All other contributions, gifts and grants$1,643,200
VIII-1g Noncash contributions (included above)$1,643,200
VIII-1h Total contributions, gifts and grants$1,643,200
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $702,649$702,649
VIII-7 Net gain or loss on sales of assetsRelated to mission $2,078,797$2,078,797
VIII-12 Total revenueRelated to mission $2,781,446 · Unrelated business $0 · Excluded from tax $0$4,424,646
Part IX · Statement of functional expenses $3,433,381 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $2,367,221$2,367,221
IX-7 Other salaries and wagesPrograms $152,024$152,024
IX-8 Pension plan contributionsPrograms $459$459
IX-9 Other employee benefitsPrograms $20,217$20,217
IX-10 Payroll taxesPrograms $12,585$12,585
IX-11a Management feesManagement $68,185$68,185
IX-11c Accounting feesManagement $14,085$14,085
IX-11g Other fees for servicesPrograms $23,143 · Management $19,086$42,229
IX-13 Office expensesManagement $5,294$5,294
IX-16 OccupancyPrograms $293,479 · Management $13,344$306,823
IX-20 InterestPrograms $291$291
IX-22 Depreciation, depletion and amortizationPrograms $261,693$261,693
IX-23 InsurancePrograms $17,557$17,557
IX-24 Other expenses (24a–d)Programs $152,956 · Management $11,762$164,718
IX-25 Total functional expensesPrograms $3,301,625 · Management $131,756 · Fundraising $0$3,433,381
Part X · Balance sheet $71,808 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $76,608$66,874
X-4 Accounts receivableStart of year $12,378$4,934
X-10c Land, buildings and equipment, netStart of year $6,508,457$0
X-15 Other assetsStart of year $41,484$0
X-16 Total assetsStart of year $6,638,927$71,808
X-25 Other liabilitiesStart of year $504,685$0
X-26 Total liabilitiesStart of year $7,558,384$0
X-27 Net assets without donor restrictionsStart of year −$919,457$71,808
X-32 Total net assets or fund balancesStart of year −$919,457$71,808
X-33 Total liabilities and net assetsStart of year $6,638,927$71,808
Part XI · Reconciliation of net assets $71,808 net assets at year end
XI-1 Total revenue$4,424,646
XI-2 Total expenses$3,433,381
XI-3 Revenue less expenses$991,265
XI-4 Net assets at start of year−$919,457
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$71,808

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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