William K Lee M D Foundation Inc

Franklin Lks, NJ
Tax-exempt since Aug. 1998
EIN: 22-3507082

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$365k (2024)

Expenses

$283k (2024)

Total Assets

$5.78M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$364,764

Expenses

$283,347

Net Income

$81,417

Net Assets

$5,784,994

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,454	0.7%
Dividends	$252,246	69.2%
Sales of Assets	$110,064	30.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$271,818	95.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,784,994
Total Liabilities	$0
Net Assets	$5,784,994

Compensation

Key Employees and Officers	Compensation	Other
William K Lee (President)	$0	$0
Hwain Lee (Vice President)	$0	$0
John H Lee (Trustee)	$0	$0
Charles H Lee (Trustee)	$0	$0
Julie Lee Kim (Trustee)	$0	$0

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990-PF

Filed on May 14, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$300,471

Expenses

$300,625

Net Income

-$154

Net Assets

$5,212,895

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,456	0.8%
Dividends	$220,129	73.3%
Sales of Assets	$77,886	25.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$286,238	95.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,212,895
Total Liabilities	$0
Net Assets	$5,212,895

Compensation

Key Employees and Officers	Compensation	Other
William K Lee (President)	$0	$0
Hwain Lee (Vice President)	$0	$0
John H Lee (Trustee)	$0	$0
Charles H Lee (Trustee)	$0	$0
Julie Lee Kim (Trustee)	$0	$0

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990-PF

Filed on June 26, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2022

Revenue

$175,927

Expenses

$323,810

Net Income

-$147,883

Net Assets

$4,757,072

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,529	1.4%
Dividends	$173,398	98.6%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$296,600	91.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,757,072
Total Liabilities	$0
Net Assets	$4,757,072

Compensation

Key Employees and Officers	Compensation	Other
William K Lee (President)	$0	$0
Hwain Lee (Vice President)	$0	$0
John H Lee (Trustee)	$0	$0
Charles H Lee (Trustee)	$0	$0
Julie Lee Kim (Trustee)	$0	$0

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990-PF

Filed on May 22, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$277,970

Expenses

$166,259

Net Income

$111,711

Net Assets

$5,594,351

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$105,562	38.0%
Interest Revenue	$2,476	0.9%
Dividends	$174,969	62.9%
Sales of Assets	-$5,037
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$166,259	100%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,594,351
Total Liabilities	$0
Net Assets	$5,594,351

Compensation

Key Employees and Officers	Compensation	Other
William K Lee (President)	$0	$0
Hwain Lee (Vice President)	$0	$0
John H Lee (Trustee)	$0	$0
Charles H Lee (Trustee)	$0	$0
Julie Lee Kim (Trustee)	$0	$0

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990-PF

Filed on Nov. 15, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2020

Revenue

$328,543

Expenses

$178,998

Net Income

$149,545

Net Assets

$4,607,355

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$109,860	33.4%
Interest Revenue	$2,687	0.8%
Dividends	$160,034	48.7%
Sales of Assets	$55,962	17.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$178,998	100%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,607,356
Total Liabilities	$1
Net Assets	$4,607,355

Compensation

Key Employees and Officers	Compensation	Other
William K Lee (President)	$0	$0
Hwain Lee (Vice President)	$0	$0
John H Lee (Trustee)	$0	$0
Charles H Lee (Trustee)	$0	$0
Julie Lee Kim (Trustee)	$0	$0

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990-PF

Filed on Aug. 11, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$439,625

Expenses

$156,447

Net Income

$283,178

Net Assets

$4,602,450

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$126,600	28.8%
Interest Revenue	$0
Dividends	$193,598	44.0%
Sales of Assets	$119,427	27.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$156,447	100%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,602,453
Total Liabilities	$3
Net Assets	$4,602,450

Compensation

Key Employees and Officers	Compensation	Other
William K Lee (President)	$0	$0
Hwain Lee (Vice President)	$0	$0
John H Lee (Trustee)	$0	$0
Charles H Lee (Trustee)	$0	$0
Julie Lee Kim (Trustee)	$0	$0

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990-PF

Filed on June 24, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$380,398

Expenses

$109,993

Net Income

$270,405

Net Assets

$3,812,759

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$144,662	38.0%
Interest Revenue	$0
Dividends	$175,991	46.3%
Sales of Assets	$59,745	15.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$109,993	100%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,812,761
Total Liabilities	$2
Net Assets	$3,812,759

Compensation

Key Employees and Officers	Compensation	Other
William K Lee (President)	$0	$0
Hwain Lee (Vice President)	$0	$0
John H Lee (Trustee)	$0	$0
Charles H Lee (Trustee)	$0	$0
Julie Lee Kim (Trustee)	$0	$0

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990-PF

Filed on May 15, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$397,999

Expenses

$129,865

Net Income

$268,134

Net Assets

$3,941,879

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$121,122	30.4%
Interest Revenue	$0
Dividends	$164,179	41.3%
Sales of Assets	$112,698	28.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$129,865	100%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,941,879
Total Liabilities	$0
Net Assets	$3,941,879

Compensation

Key Employees and Officers	Compensation	Other
William K Lee (President)	$0	$0
Hwain Lee (Vice President)	$0	$0
John H Lee (Trustee)	$0	$0
Charles H Lee (Trustee)	$0	$0
Julie Lee Kim (Trustee)	$0	$0

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990-PF

Filed on May 9, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2016

Revenue

$378,684

Expenses

$93,675

Net Income

$285,009

Net Assets

$3,508,761

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$176,604	46.6%
Interest Revenue	$0
Dividends	$179,467	47.4%
Sales of Assets	$22,613	6.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$93,675	100%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,508,761
Total Liabilities	$0
Net Assets	$3,508,761

Compensation

Key Employees and Officers	Compensation	Other
William K Lee (President)	$0	$0
Hwain Lee (Vice President)	$0	$0
John H Lee (Trustee)	$0	$0
Charles H Lee (Trustee)	$0	$0
Julie Lee Kim (Trustee)	$0	$0

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990-PF

Filed on May 15, 2017

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2015

Revenue

$383,024

Expenses

$162,040

Net Income

$220,984

Net Assets

$2,906,291

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$242,203	63.2%
Interest Revenue	$0
Dividends	$190,435	49.7%
Sales of Assets	-$49,614
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$162,040	100%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,906,291
Total Liabilities	$0
Net Assets	$2,906,291

Compensation

Key Employees and Officers	Compensation	Other
William K Lee (President)	$0	$0
Hwain Lee (Vice President)	$0	$0
John H Lee (Trustee)	$0	$0
Charles H Lee (Trustee)	$0	$0
Julie Lee Kim (Trustee)	$0	$0

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990-PF

Filed on June 27, 2016

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2014

Revenue

$466,556

Expenses

$130,190

Net Income

$336,366

Net Assets

$3,008,830

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$290,705	62.3%
Interest Revenue	$0
Dividends	$137,074	29.4%
Sales of Assets	$34,562	7.4%
Other Income	$4,215	0.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$130,190	100%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,008,830
Total Liabilities	$0
Net Assets	$3,008,830

Compensation

Key Employees and Officers	Compensation	Other
William K Lee (President)	$0	$0
Hwain Lee (Vice President)	$0	$0
John H Lee (Trustee)	$0	$0
Charles H Lee (Trustee)	$0	$0
Julie Lee Kim (Trustee)	$0	$0

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990-PF

Filed on May 14, 2015

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2013

Revenue

$421,654

Expenses

$96,630

Net Income

$325,024

Net Assets

$2,816,890

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$326,721	77.5%
Interest Revenue	$0
Dividends	$107,186	25.4%
Sales of Assets	-$19,048
Other Income	$6,795	1.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$96,630	100%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,816,890
Total Liabilities	$0
Net Assets	$2,816,890

Compensation

Key Employees and Officers	Compensation	Other
William K Lee (President)	$0	$0
Hwain Lee (Vice President)	$0	$0
John H Lee (Trustee)	$0	$0
Charles H Lee (Trustee)	$0	$0
Julie Lee Kim (Trustee)	$0	$0

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990-PF

Filed on May 15, 2014

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$413,263

Expenses

$79,723

Net Income

$333,540

Net Assets

$2,268,627

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$311,667	75.4%
Interest Revenue	$32,945	8.0%
Dividends	$60,489	14.6%
Sales of Assets	$3,626	0.9%
Other Income	$4,536	1.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$79,723	100%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,268,628
Total Liabilities	$1
Net Assets	$2,268,627

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$358,886

Expenses

$103,024

Net Income

$255,862

Net Assets

$1,700,291

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$297,050	82.8%
Interest Revenue	$29,361	8.2%
Dividends	$38,132	10.6%
Sales of Assets	$0
Other Income	-$215

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$103,024	100%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,700,291
Total Liabilities	$0
Net Assets	$1,700,291

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2009

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

Primary tax return for a private foundation's activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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William K Lee M D Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $365k (2024)

Expenses $283k (2024)

Total Assets $5.78M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2013

Revenue

$365k (2024)

Expenses

$283k (2024)

Total Assets

$5.78M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001