Passes our checks

James B Lee Jr Scholarship and Relief Fund in Honor of Joseph

EIN 20-5269657 · Southampton, NY

Public records show a registered, tax-exempt organization in good standing.

What it says it does

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

Source: Form 990 for the year ending October 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Strong: 100 out of 100. Higher than 85% of charities in its peer group (education, $250k to $1m).

Reserves
35 of 35
Spendable reserves would cover 105.0 months of spending.
Debt
20 of 20
It owes 0% of what it owns.
Living within its means
15 of 15
Income exceeded spending by 34% of income.
Income trend
15 of 15
Income rose 4% on the year before.
Spending floor
15 of 15
96% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending October 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Strong: 92 out of 100. Higher than 89% of charities in its peer group (education, $250k to $1m).

Independent board
25 of 25
5 of 5 voting board members are independent.
Conflict of interest policy
15 of 15
Has a written conflict of interest policy.
Whistleblower policy
0 of 8
Reports no written whistleblower policy.
Record keeping policy
7 of 7
Has a written policy on keeping and destroying records.
Board minutes
5 of 5
Keeps minutes of board meetings.
Board sees the tax return
10 of 10
Gave the board a copy of this return before filing it.
Independent check of accounts
15 of 15
Its accounts were audited by an independent accountant.
No reported misuse
10 of 10
Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending October 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (2)

$426,500 spent. PROVIDING SCHOLARSHIPS TO INDIVIDUALS FOR STUDY AT A COLLEGE, UNIVERSITY OR VOCATIONAL SCHOOL.
$16,000 spent. 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.

Source: Form 990 for the year ending October 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending October 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since September 2006.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.