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DR RENE & DAISY LIM FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
DR RENE & DAISY LIM FOUNDATION (EIN 45-3089622)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-04-29
IRS object ID
202431209349101518
Schema version
2023v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-04-29T17:24:00-07:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN954755665PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Reza Azizi EA IncBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line116661 Ventura Blvd Ste 702AddressLine1Txt
CityEncinoCityNm
State AbbreviationCAStateAbbreviationCd
ZIP91436ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN453089622EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1DR RENE & DAISY LIM FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlDRREBusinessNameControlTxt
Phone8187129525PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line127 ROUND UP RDAddressLine1Txt
CityBELL CANYONCityNm
State AbbreviationCAStateAbbreviationCd
ZIP91307ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRENE A LIM MDPersonNm
Person TitlePresidentPersonTitleTxt
Signature2024-04-29SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstRENE A LIMPersonFirstNm
Person LastMDPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonReza Azizi EAPreparerPersonNm
PTINP00079163PTIN
Phone8189951020PhoneNum
Self EmployedYes (X)SelfEmployedInd

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$0FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$59,835ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$18InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$18InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$18InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$1,703DividendsRevAndExpnssAmt
Dividends Net Invst Incm$1,703DividendsNetInvstIncmAmt
Dividends Adj Net Incm$1,703DividendsAdjNetIncmAmt
Other Income Rev And Expnss$16OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$61,572TotalRevAndExpnssAmt
Total Net Invst Incm$1,721TotalNetInvstIncmAmt
Total Adj Net Incm$1,721TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$9,000AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$2,818TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$125OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$11,943TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$36,300ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$36,300ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$48,243TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$36,300TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$13,329ExcessRevenueOverExpensesAmt
Net Investment Income$1,721NetInvestmentIncomeAmt
Adjusted Net Income$1,721AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$163,750CashBOYAmt
Cash EOY$81,359CashEOYAmt
Other Assets BOY$487,015OtherAssetsBOYAmt
Other Assets EOY$582,735OtherAssetsEOYAmt
Total Assets BOY$650,765TotalAssetsBOYAmt
Total Assets EOY$664,094TotalAssetsEOYAmt
Total Assets EOYFMV$0TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$650,765NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$664,094NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$650,765TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$664,094TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$650,765TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$664,094TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$650,765TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$13,329ExcessRevenueOverExpensesAmt
Subtotal$664,094SubtotalAmt
Tot Net Ast Or Fund Balances EOY$664,094TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$24InvestmentIncomeExciseTaxAmt
Subtotal$24SubtotalAmt
Tax Based On Investment Income$24TaxBasedOnInvestmentIncomeAmt
Tax Due$24TaxDueAmt
Applied To ES Tax$0AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitYes (true)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (true)Form990TFiledInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateCAOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1RENE A LIM MDBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8187129525PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line127 ROUND UP ROADAddressLine1Txt
CityBELL CANYONCityNm
State AbbreviationCAStateAbbreviationCd
ZIP91307ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
RENE A LIM MD
27 ROUND UP ROADBELL CANYONCA91307President12.00$0
DAISY G LIM
27 ROUND UP ROADBELL CANYONCA91307Secretary12.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$0TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$0AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$0CashDeemedCharitableAmt
Net Vl Noncharitable Assets$0NetVlNoncharitableAssetsAmt
Minimum Investment Return$0MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Tax Based On Investment Income$24TaxBasedOnInvestmentIncomeAmt
Total Tax$24TotalTaxAmt
Distributable Before Adj$24DistributableBeforeAdjAmt
Distributable Before Ded$24DistributableBeforeDedAmt
Distributable As Adjusted$0DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$36,300ExpensesAndContributionsAmt
Qualifying Distributions$36,300QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$32,583ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$12,762ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$46,603ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$125,364ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$49,642ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$266,954TotalExcessDistributionCyovAmt
Qualifying Distributions$36,300QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Remaining Distri From Corpus$36,300RemainingDistriFromCorpusAmt
Total Corpus$303,254TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$32,583ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$270,671ExcessDistriCyovToNextYrAmt
Excess From Year4$12,762ExcessFromYear4Amt
Excess From Year3$46,603ExcessFromYear3Amt
Excess From Year2$125,364ExcessFromYear2Amt
Excess From Year1$49,642ExcessFromYear1Amt
Excess From Current Year$36,300ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonRENE A LIM MDRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line127 ROUND UP RDAddressLine1Txt
CityBELL CANYONCityNm
State AbbreviationCAStateAbbreviationCd
ZIP91307ZIPCd
FieldValueIRS element (for citing)
Recipient Phone8187129525RecipientPhoneNum
Form And Info And MaterialsNAFormAndInfoAndMaterialsTxt
Submission DeadlinesNASubmissionDeadlinesTxt
Restrictions On AwardsNARestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (13 entries)

Address Line1RecipientForeignAddress/AddressLine1TxtCityRecipientForeignAddress/CityNmProvince Or StateRecipientForeignAddress/ProvinceOrStateNmCountryRecipientForeignAddress/CountryCdForeign PostalRecipientForeignAddress/ForeignPostalCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCd
UNIVERSITY OF SAN AGUSTIN
GENERAL LUNS STILOILO CITYILOILORP1550NON RELATEDPOFEDUCATION$1,000
USA HIGH SCHOOL CLASS OF 1974 INC
BDO CORPORATE CTR 7899 MAKATI AMAKATI CITYMETROPOLITAN MANIRP0726NON RELATEDPOFEDUCATION$1,500
LOS ANGELES MISSION
NON RELATEDPOFDONATION$200PO BOX 54059LOS ANGELESCA90054
SHRINERS HOSPITAL FOR CHILDREN
NON RELATEDPOFDONATION$5002900 ROCKY POINT DRTAMPAFL33607
SUN YAT SEN HIGH SCHOOL
MAPA STREETILOILOILOILORP5000NON RELATEDNCEDUCATION$18,000
LOS ANGELES MISSION
NON RELATEDPOFDONATION$500303 E 5TH STLOS ANGELESCA90013
SAN FERNANDO VALLEY RESCUE MISSION
NON RELATEDPOFDONATION$500PO BOX 8073VAN NUYSCA91409
UNICEF USA
NON RELATEDPOFEDUCATION$500125 MAIDEN LANENEW YORKNY10038
RYAN BELISTA
NON RELATEDIEDUCATION$1,0009261 TOBIAS AVENUEPANORAMA CITYCA91402
USA HIGH SCHOOL CLASS OF 1974 INC
BDO CORPORATE CTR 7899 MAKATI AMAKATI CITYMAKATIRP7899NON RELATEDPOFEDUCATION$6,000
AMERICAN RED CROSS
NON RELATEDPOFDONATION$500PO BOX 37839BOONEIA50037
FILIPINO MINISTRY DSB
NON RELATEDPOFDONATUIN$1001201 E HIGHLAND AVESAN BERNANDINOCA92404
USA HIGH SCHOOL CLASS OF 1974 INC
BDO CORPORATE CTR 7899 MAKATI AMAKATI CITYMAKATI CITYRP0726NON RELATEDPOFEDUCATION$6,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$36,300TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$18UnrelatedBusinessTaxblIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$1,703UnrelatedBusinessTaxblIncmAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescFEDERAL TAX REFUNDDesc
Exclusion43ExclusionCd
Exclusion$16ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$1,721UnrelatedBusinessTaxblIncmAmt
Exclusion$16ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$1,737TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonDR RENE A LIM MDContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line127 ROUND UP ROADAddressLine1Txt
CityBELL CANYONCityNm
State AbbreviationCAStateAbbreviationCd
ZIP91307ZIPCd
FieldValueIRS element (for citing)
Total Contributions$50,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
BOOKKEEPING$5,500$0$0$0
TAX PREPARATION$3,500$0$0$0

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescINVESTMENTDesc
BOY Book Value$487,015BOYBookValueAmt
EOY Book Value$582,735EOYBookValueAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
ANNUAL REGISTERATION DOJ$75
RENEWAL FEE$50

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescFEDERAL TAX REFUNDDesc
Revenue And Expenses Per Books$16RevenueAndExpensesPerBooksAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (7 entries)

CategoryCategoryTxtAmtAmt
2022 ES$13
2022 FTB$71
2022 TAX 990T$1,277
2023 ES$70
2023 ES IRS$1,256
FEDERAL TAX 2022$111
SECRETARY OF STATE$20