Mymb Lee Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ARCADIA, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $447K in total assets. In 2024, it awarded 3 grants totaling $33K. Net investment income was $4K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$447K
-10.2% YoY
Annual Giving
$33K
+26.9% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$11K
+26.9% YoY
Under IRS private-foundation payout rules, Mymb Lee Foundation reported a distributable amount of $25K for 2024 — the minimum it must pay out in qualifying distributions.
About Mymb Lee Foundation
Based on IRS filings
Mymb Lee Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ARCADIA, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $447K in total assets. In 2024, it awarded 3 grants totaling $33K. Net investment income was $4K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $447,323 | $498,375 | $450,832 |
| Revenue | $-10,239 | $7,674 | — |
| Expenses | $40,813 | $32,970 | $14,515 |
| Qualifying Distributions | $34,464 | $27,453 | $8,000 |
| Net Investment Income | $4,355 | $6,425 | $14,870 |
| Distributable Amount | $25,178 | $22,529 | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
12 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Cedars-sinai Medical Center ($20,000), Arcadia High School ($10,000), New Life Christian Center ($3,000).
| Recipient | Purpose | Amount |
|---|---|---|
| New Life Christian Center Turlock, CA | RELIGION | $3,000 |
| CEDARS-SINAI MEDICAL CENTER Los Angeles, CA | HOSPITAL | $20,000 |
| Arcadia High School Arcadia, CA | HIGH SCHOOL | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL LEE | CEO | 5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Mymb Lee Foundation?
Mymb Lee Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ARCADIA, CA. It holds $447K in total assets as of 2024.
How large is Mymb Lee Foundation?
As of 2024, Mymb Lee Foundation holds $447K in total assets with $-10,239 in annual revenue. It awarded 3 grants totaling $33K in 2024.
Where does Mymb Lee Foundation operate?
Mymb Lee Foundation has awarded grants in California, Texas.
What size grants does Mymb Lee Foundation award?
In 2024, Mymb Lee Foundation awarded 3 grants totaling $33K — an average of about $11K per grant, based on its IRS Form 990 filings.
How much is Mymb Lee Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mymb Lee Foundation reported a distributable amount of $25K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Mymb Lee Foundation's EIN?
Mymb Lee Foundation's EIN (Employer Identification Number) is 83-2444562. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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