Fong & Lee Foundation Inc

Nonprofit profile at a glance

EIN
883052875
IRS 990-EZ coverage
2022–2025
Forms available
Form 990-EZ 2025
Location
Bonita Springs, FL, USA
Phone
9179926776
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Human Service Organizations

Reported finances

Revenue
$112,014
Expenses
$46,089
Assets
$153,628

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

2 people listed

Executive titles in this filing

  • Dean K Fong (President, Dir)

People named in this filing

  • Dean K Fong (President, Dir)
  • Linda J Lee (Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Our mission is to provide outreach to minority students through activities including, but not limited to, providing financial and educational support to community-based organizations and cultural programs that support minority students.

What it reported doing in 2025

Our accomplishments for 2025 included:- Fong & Lee Foundation Inc. contributed $10,000 to 4 female students as research stipends engaging in STEM research areas to be administered by the Brooklyn Tech Alumni Foundation. - Fong & Lee Foundation Inc. contributed $10,000 to be used by the Chinese American Planning Council to support Project Gateway, by providing financial support to young women of Asian-American descent who are the first in their families to attend college and are committed to pursuing their educational goals in the areas of science, technology, engineering, mathematics, medicine/health, law and business. - The Fong & Lee Foundation contributed $10,000 to the Chinatown Health Clinic Foundation to provide financial support to Project Reach, more specifically to two women of Asian-American descent who are the first in their families to attend college and are committed to pursuing their educational goals in medicine/health. - The Fong & Lee Foundation contributed $15,000 to the Chinatown Health Clinic Foundation for the 2025 Gala Dinner. For IRS compliance, The Fong & Lee Foundations contribution of $15,000 to the Chinatown Health Clinic Foundation is lessened by $2,300 as goods and services were exchanged and received by Fong & Lee Foundation.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Grant intermediary. The nonprofit sent 94% of its reported program spending out as grants.

The verdict

STRONG - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work.

Rating breakdown

  • Financial Efficiency: 62
  • Transparency & Controls: 100
  • Sustainability: 78
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 40.4%; rating input score 40
  • Program expense ratio: 98.3%; rating input score 98

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 58.9%; rating input score 94; 94th percentile among comparable filings
  • Total-asset coverage ratio: 3.33; rating input score 91; 91st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 36.1% per year; rating input score 100; 86th percentile among comparable filings
  • Revenue growth: 39.6% per year; rating input score 100; 93rd percentile among comparable filings
  • Asset growth: 59.1% per year; rating input score 100; 94th percentile among comparable filings

Details

  • Where the money goes: 40.4% of revenue deployed · 98.3% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $45K in reported program spending
  • Leadership: top reported pay $0 · 2 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 4 filing years from 2022 to 2025
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 40/100.