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RICHARD D LEE AND VERA M LEE FOUNDATION INC

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Tax-exempt status may be revoked

RICHARD D LEE AND VERA M LEE FOUNDATION INC

EIN 45-2503472 · Public Foundations (T30)

What they do

RICHARD D LEE AND VERA M LEE FOUNDATION INC .

Before you give

Should I give to this charity?

Easy charity check
Stop and check first

This record may have an IRS status problem. Do not give until you verify it.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders6 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$172.90spent for every $100 of revenueSpending was higher than revenue this year.
$10.13in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $124,752 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $84,000 for SHERWIN MANAGEMENT CORPORATION (FOUNDATION MGR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$171,136
Expenses$295,888
Annual shortfall $124,752 Expenses were higher than revenue for this filing year.
See all reported dollar amounts
Revenue$171,136
Expenses$295,888
Assets$2,996,768
Income$1,917,638
Grants given$1,070,890
Average grant$9,735
Executive compensation (total)$72,000
Stocks and bonds$2,410,435
Accounting fees$25,645
Investing fees$28,957
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
SHERWIN MANAGEMENT CORPORATIONFOUNDATION MGR · 10 hrs/week $84,000
AUSTIN BRADSHAWDIRECTOR · 2 hrs/week $10,000
KYLE BRADSHAWDIRECTOR · 2 hrs/week $10,000
MELISSA BRADSHAWDIRECTOR · 2 hrs/week $10,000

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (6)

SHERWIN MANAGEMENT CORPORATIONFOUNDATION MGR

AUSTIN BRADSHAWDIRECTOR

KYLE BRADSHAWDIRECTOR

MELISSA BRADSHAWDIRECTOR

GERALD SHERWINPRES DIRECTOR

PAMELA SHERWINVP DIRECTOR

About this charity

Recognized since
January 2013
Location
1195 81ST ST S, ST PETERSBURG, FL 33707-2726
County
Pinellas
In care of
% GERALD SHERWIN
Primary officer
GERALD SHERWIN, Pres Director

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990PF
Tax preparer
PATRICK W KRAUJALIS CPA PA
NTEE classification
Public Foundations (T30)
IRS tax category
Public Foundations
Grant-giving organization
Yes
Revocation date
May 15, 2010

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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