JAMES B LEE JR SCHOLARSHIP FUND IN HONOR OF JOSEPH A MCBRIDE

EIN: 205269657 501(c)(3) Education

SOUTHAMPTON, NY

Total Revenue
$702,405
Total Expenses
$462,710
Total Assets
$4,055,400
Net Assets
$4,047,400
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
DE
Principal Officer
MICHAEL X MCBRIDE
Phone
6312830410
Tax Period
2024-11-01 to 2025-10-31

JAMES B LEE JR SCHOLARSHIP FUND IN HONOR OF JOSEPH A MCBRIDE, founded in 2006, is a small nonprofit in the Education sector that reported $702K in total revenue in fiscal year 2024. The organization ran a surplus of $240K, a strong 34% operating margin.

Mission

TO FURTHER CHARITABLE AND EDUCATIONAL PURPOSES BY PROVIDING SCHOLARSHIPS TO INDIVIDUALS FOR STUDY AT A COLLEGE, UNIVERSITY, OR VOCATIONAL SCHOOL.

Program Service Accomplishments

Program 1
Expenses: $426,500

PROVIDING SCHOLARSHIPS TO INDIVIDUALS FOR STUDY AT A COLLEGE, UNIVERSITY OR VOCATIONAL SCHOOL.

Program 2
Expenses: $16,000

THE MCBRIDE HARDSHIP RELIEF FUND (THE "PROGRAM") IS A PROGRAM OF THE JAMES B. LEE, JR. SCHOLARSHIP AND RELIEF FUND IN HONOR OF JOSEPH A. MCBRIDE (THE "FUND") AND HAS BEEN FORMED TO PROVIDE HARDSHIP...

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THE MCBRIDE HARDSHIP RELIEF FUND (THE "PROGRAM") IS A PROGRAM OF THE JAMES B. LEE, JR. SCHOLARSHIP AND RELIEF FUND IN HONOR OF JOSEPH A. MCBRIDE (THE "FUND") AND HAS BEEN FORMED TO PROVIDE HARDSHIP GRANTS TO NEEDY INDIVIDUALS WHO REQUIRE FINANCIAL ASSISTANCE AS A RESULT OF SUDDEN OR OVERWHELMING HARDSHIP SITUATIONS BEYOND THEIR CONTROL.GRANTS MAY BE USED TO PAY FOR EXPENSES SUCH AS BASIC LIVING EXPENSES (E.G., RENT, MORTGAGE, ESSENTIAL UTILITIES, AND FOOD) AND MEDICAL EXPENSES, BUT ONLY TO THE EXTENT THAT SUCH EXPENSES ARE NOT COVERED BY INSURANCE OR BY FINANCIAL ASSISTANCE FROM OTHER NON-PROFIT ORGANIZATIONS OR GOVERNMENT AGENCIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $472,925
Program Service Revenue $0
Investment Income $229,480
Other Revenue $0
TOTAL REVENUE $702,405

Expense Breakdown

Grants Paid $442,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $442,500
Other Expenses $20,210
TOTAL EXPENSES $462,710

Year-over-Year Comparison

2024 2023 Change
Revenue $702,405 $675,266 +0.0%
Expenses $462,710 $508,698 -0.1%
Net Income $239,695 $166,568 +0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
5

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL X MCBRIDE PRESIDENT 1.00
Officer Director
$0 $0 $0
WINSTON W HUTCHINS TREASURER/SECRETARY 1.00
Officer Director
$0 $0 $0
PAUL ELLWOOD DIRECTOR 1.00
Director
$0 $0 $0
JAMES B LEE III DIRECTOR 1.00
Director
$0 $0 $0
RICHARD R PLUM DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $702,405 $462,710 $4,055,400 $239,695
2024 $675,266 $508,698 $3,701,751 $166,568
2023 $584,458 $465,494 $3,001,999 $118,964
2022 $528,148 $354,208 $2,862,922 $173,940
2021 $577,796 $290,463 $2,980,400 $287,333
2020 $1,103,276 $968,014 $2,335,612 $135,262
2019 $636,475 $204,315 $2,207,160 $432,160
2018 $404,918 $226,935 $1,716,622 $177,983
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