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Michael Ray Lee Foundation

Tax-deductible

Greeley, CO501(c)(3)Human Services EIN 86-1489129Revenue $165K in FY2025

On file with the IRSmichaelraylee.com1132 49th Ave, 80634-1913 · Greeley, COTax-exempt since May 2021Publicly supported — 509(a)(2)

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The Michael Ray Lee Foundation utilizes the game of golf to positively impact lives through charitable giving with an emphasis on scholarships and junior golf.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Run by 30 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
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
4 of 4
filings with a surplus
Average surplus $76K a year · 50% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
57 mo
of spending, in cash
Looks good: 56.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $24K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$165K
+29% vs prior year
Spent
$97K
To programs
89%
Net assets
$457K
By yearFY2021–FY2025
Revenue
$165K
FY2025▲ +29%
Tap a bar for its year
Revenue by fiscal year
FY2021$151K
FY2022$181K
FY2023$134K
FY2024$128K
FY2025$165K
Expenses
$97K
FY2025▲ +55%
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022$88K
FY2023$54K
FY2024$63K
FY2025$97K
Net assets
$457K
FY2025▲ +18%
Tap a bar for its year
Net assets by fiscal year
FY2021$151K
FY2022$244K
FY2023$323K
FY2024$388K
FY2025$457K

From the FY2025 Form 990 (year ending August 2025) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2021.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $86K Management & general 11% · $11K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
John Lee
Director
$0Pt VII · Sec A
Thomas Grant
Director
$0Pt VII · Sec A
Amy Lee
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Joseph Lee
President
$0Pt VII · Sec A
Robert Lee
Treasurer
$0Pt VII · Sec A
Brad Lorenger
Vice President
$0Pt VII · Sec A
See Michael Ray Lee Foundation 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 15aNo

Programs and updates

Uses golf to provide scholarships and support junior players, impacting lives through charitable giving.

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Provided by the organization

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1 program · $86K · in their own filed words · FY2024
01

The Michael Ray Lee Foundation utilizes the game of golf to positively impact lives through charitable giving with an emphasis on scholarships and junior golf.

$86Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
The Weld TrustFY2024$15K
Fidelity Investments Charitable Gift FundFY2024$6K
Carrico Family FoundationFY2024$2K
Baird Foundation INCFY2024$500
Total grants receivedfrom 4 funders$24K
See all 4 funders →

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$165K
Ln 12
Other incomeLn 4–11$96K
Gifts and grantsLn 1h$50K
Investment incomeLn 3$18K
Money outPt IX
$97K
Ln 25
Programscol B$86K
Managementcol C$11K
Owns and owesPt X
$457K
net assets · Ln 32
Cash and savingsLn 1–2$457K
Total assetsLn 16$457K
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$50K
Investment incomeLn 3$18K
Other incomeLn 4–11$96K
Total revenueLn 12$165K
Assets in detailPt X, end of year
CashLn 1$457K
Cash and savings togetherLn 1–2$457K
Total assetsLn 16$457K
LiabilitiesLn 26$0
Net assetsLn 32$457K
OperationsPt I, VI
EmployeesI 50
VolunteersI 630
Fiscal year endsHeaderAugust
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 FY25End FY25
Cash and savingsLn 1–2$388K$457K
Total assetsLn 16$388K$457K
LiabilitiesLn 26$0$0
Net assetsLn 32$388K$457K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$59K$59K
Grants to domestic individualsLn 2$5K$5K
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$2K$2K
Conferences, conventions and meetingsLn 19$2K$2K
Other expenses (24a–d)Ln 24$23K$22K$950
Total functional expensesLn 25$97K$86K$11K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $165K$97K$68K$457K 990 PDF
FY2024 $128K$63K$65K$388K 990 PDF
FY2023 $134K$54K$79K$323K 990 PDF
FY2022 $181K$88K$93K$244K 990 PDF
FY2021 $151K$151K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $165,107 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $45,490$50,169
I-9 Program service revenue$0
I-10 Investment incomePrior year $6,821$18,487
I-11 Other revenuePrior year $75,600$96,451
I-12 Total revenuePrior year $127,911$165,107
I-13 Grants and similar amounts paid$63,553
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $62,623$33,341
I-18 Total expensesPrior year $62,623$96,894
I-19 Revenue less expensesPrior year $65,288$68,213
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $165,107 across 5 lines filed
VIII-1f All other contributions, gifts and grants$50,169
VIII-1h Total contributions, gifts and grants$50,169
VIII-3 Investment incomeRelated to mission $18,487$18,487
VIII-8 Net income from fundraising eventsExcluded from tax $96,451$96,451
VIII-12 Total revenueRelated to mission $18,487 · Unrelated business $0 · Excluded from tax $96,451$165,107
Part IX · Statement of functional expenses $96,894 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $58,787$58,787
IX-2 Grants to domestic individualsPrograms $4,766$4,766
IX-12 Advertising and promotionManagement $5,240$5,240
IX-13 Office expensesManagement $2,346$2,346
IX-19 Conferences, conventions and meetingsManagement $2,305$2,305
IX-24 Other expenses (24a–d)Programs $22,500 · Management $950$23,450
IX-25 Total functional expensesPrograms $86,053 · Management $10,841 · Fundraising $0$96,894
Part X · Balance sheet $456,679 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $388,466$456,679
X-16 Total assetsStart of year $388,466$456,679
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $388,466$456,679
X-32 Total net assets or fund balancesStart of year $388,466$456,679
X-33 Total liabilities and net assetsStart of year $388,466$456,679
Part XI · Reconciliation of net assets $456,679 net assets at year end
XI-1 Total revenue$165,107
XI-2 Total expenses$96,894
XI-3 Revenue less expenses$68,213
XI-4 Net assets at start of year$388,466
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$456,679

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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