ARCADIA, CA

Mymb Lee Foundation

Quick Facts

EIN: 832444562
Location: ARCADIA, CA
Phone: (714) 350-0082
Category: Philanthropy & Grantmaking
Total Assets: $447K
Annual Income: $-10,239
IRS Ruling Year: 2019
Organization Type: Non-Operating Foundation
Principal Officer: % Michael Yu-Mein Lee
Tax Deductibility: Contributions are deductible

Find Grants from This Foundation Get Matched with Similar Funders

About This Foundation

Mymb Lee Foundation is a private corporation based in ARCADIA, CA. The foundation received its IRS ruling in 2019. The principal officer is % Michael Yu-Mein Lee. It holds total assets of $447K. Annual income is reported at $-10,239. NEW LIFE CHRISTIAN CENTER. According to available records, Mymb Lee Foundation has made 11 grants totaling $102K, with a median grant of $5K. Annual giving has decreased from $35K in 2020 to $26K in 2023. Individual grants have ranged from $1K to $34K, with an average award of $9K. The foundation has supported 5 unique organizations. Grants have been distributed to organizations in California and Texas. Contributions to this foundation are tax-deductible.

Application Information

Preselected OnlyThis foundation typically selects grantees rather than accepting unsolicited proposals.

Programs & Activities

NEW LIFE CHRISTIAN CENTER

Expenses: $4K

CEDARS-SINAI

Expenses: $20K

UT DALLAS

Expenses: $2K

Frequently Asked Questions

What does Mymb Lee Foundation fund?

NEW LIFE CHRISTIAN CENTER. Based on available records, the foundation has funded 11 grants. Its grantmaking reaches organizations primarily in CA, TX.

How much does Mymb Lee Foundation give in grants?

Mymb Lee Foundation has distributed a total of $102K across 11 grants. The median grant size is $5K, with an average of $9K. Individual grants have ranged from $1K to $34K.

How do I apply for a grant from Mymb Lee Foundation?

Mymb Lee Foundation typically selects its grantees rather than accepting unsolicited proposals.

Where is Mymb Lee Foundation located?

Mymb Lee Foundation is headquartered in ARCADIA, CA. While based in CA, the foundation distributes grants to organizations across 2 states.

Key People & Compensation (2023)

Name	Title	Compensation	Benefits	Total
Michael Lee	CEO	$0	$0	$0

990 Tax Filings

Year	Return Type	PDF
2023	990PF	View
2022	990PF	View
2021	990PF	View
2020	990PF

Research This Foundation

GuideStar / Candid ProPublica Nonprofit Explorer IRS Tax Exempt Status

Financial Overview

Total Giving

$33K

2022+127%

Total Assets

$498K

2022+11%

Fair Market Value

$468K

2022

Net Worth

$488K

2022

Grants Paid

$26K

2022

Contributions

2022

Net Investment Income

$6K

2022

Distribution Amount

$23K

2022

Total Giving by Year

Asset Growth

Revenue Over Time

Liabilities Over Time

Expense Breakdown (2022)

Revenue Sources (2022)

Dividends: $12K
Business Profits: $-4,268

Financial Details (2022)

Total Revenue: $8K
Total Expenses: $33K
Exempt Purpose Expenses: $27K
Required Distribution: $23K
Undistributed Income: $23K
Total Liabilities: $10K
Excise Tax: $89
Tax Due: $89

Foundation Classification (2022)

Operating FoundationNo

Grants to IndividualsNo

Non-Charity GrantsNo

Lobbying ActivityNo

Excess Business HoldingsNo

Grantmaking Insights

Total Grants

Total Giving

$102K

Average Grant

$9K

Median Grant

$5K

Unique Recipients

Most Common Grant

$2K

Grant Disbursements by Year

Grant Range

Min$1K

Max$34K

Median: $5K

Smallest grantLargest grant

Openness to New Grantees (2023)

of 2023 grantees were first-time recipients

Grant Size Distribution

Geographic Distribution of Grants

CA$96K (8)

TX$6K (3)

Past Grantees

Recipient	Location	Amount	Year
City Of HopeGENERAL RESEARCH	Duarte, CA	$20K	2021
Cedars-SinaiHOSPITAL	Los Angeles, CA	$20K	2023
New Life Christian CenterRELIGION	Turlock, CA	$4K	2023
University Of Texas At DallasUNIVERSITY	Richardson, TX	$2K	2023
Rosemead Chamber Of CommercePUBLIC WELFARE	Rosemead, CA	$34K