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DR RENE & DAISY LIM FOUNDATION: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
DR RENE & DAISY LIM FOUNDATION (EIN 45-3089622)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-10-16
IRS object ID
202322899349101767
Schema version
2022v5.0
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)
Return2023-10-16T19:54:23-07:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

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 Begin2022-01-01TaxPeriodBeginDt

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
Signature2023-10-16SignatureDt
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)
Tax2022TaxYr
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$150,100ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$56InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$56InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$56InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$7,927DividendsRevAndExpnssAmt
Dividends Net Invst Incm$7,927DividendsNetInvstIncmAmt
Dividends Adj Net Incm$7,927DividendsAdjNetIncmAmt
Other Income Rev And Expnss$1,548OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$159,631TotalRevAndExpnssAmt
Total Net Invst Incm$7,983TotalNetInvstIncmAmt
Total Adj Net Incm$7,983TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$4,500AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss$2,475OtherProfFeesRevAndExpnssAmt
Taxes Rev And Expnss$31TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$7,006TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$49,642ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$49,642ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$56,648TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$49,642TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$102,983ExcessRevenueOverExpensesAmt
Net Investment Income$7,983NetInvestmentIncomeAmt
Adjusted Net Income$7,983AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$68,695CashBOYAmt
Cash EOY$163,750CashEOYAmt
Other Assets BOY$479,087OtherAssetsBOYAmt
Other Assets EOY$487,015OtherAssetsEOYAmt
Total Assets BOY$547,782TotalAssetsBOYAmt
Total Assets EOY$650,765TotalAssetsEOYAmt
Total Assets EOYFMV$0TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$547,782NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$650,765NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$547,782TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$650,765TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$547,782TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$650,765TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$547,782TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$102,983ExcessRevenueOverExpensesAmt
Subtotal$650,765SubtotalAmt
Tot Net Ast Or Fund Balances EOY$650,765TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$111InvestmentIncomeExciseTaxAmt
Subtotal$111SubtotalAmt
Tax Based On Investment Income$111TaxBasedOnInvestmentIncomeAmt
Tax Due$111TaxDueAmt
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$111TaxBasedOnInvestmentIncomeAmt
Total Tax$111TotalTaxAmt
Distributable Before Adj$111DistributableBeforeAdjAmt
Distributable Before Ded$111DistributableBeforeDedAmt
Distributable As Adjusted$0DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$49,642ExpensesAndContributionsAmt
Qualifying Distributions$49,642QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$23,815ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$32,583ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$12,762ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$46,603ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$125,364ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$241,127TotalExcessDistributionCyovAmt
Qualifying Distributions$49,642QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Remaining Distri From Corpus$49,642RemainingDistriFromCorpusAmt
Total Corpus$290,769TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$23,815ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$266,954ExcessDistriCyovToNextYrAmt
Excess From Year4$32,583ExcessFromYear4Amt
Excess From Year3$12,762ExcessFromYear3Amt
Excess From Year2$46,603ExcessFromYear2Amt
Excess From Year1$125,364ExcessFromYear1Amt
Excess From Current Year$49,642ExcessFromCurrentYearAmt

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/CityNmCountryRecipientForeignAddress/CountryCdForeign PostalRecipientForeignAddress/ForeignPostalCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdProvince Or StateRecipientForeignAddress/ProvinceOrStateNm
UNIVERSITY OF SAN AGUSTIN
GEN LUNA ST 5000ILOILO CITYRP1550NON RELATEDPOFEDUCATION$19,642
USTMAAA FOUNDATION
NON RELATEDPOFEDUCATION$20,0007071 ORCHARD LAKE RD 333WEST BLOOMFIELDMI48322
USA HIGH SCHOOL CLASS OF 1974 INC
BDO CORPORATE CTR 7899 MAKATI AMAKATI CITYRP0726NON RELATEDPOFEDUCATION$1,300METROPOLITAN MANI
RYAN BELISTA
NON RELATEDIEDUCATION$1,0009261 TOBIAS AVENUEPANORAMA CITYCA91402
SAN FERNANDO VALLEY RESCUE MISSION
NON RELATEDPOFDONATION$5008756 CANBY AVELOS ANGELESCA91325
BELL CANYON VOLUNTEER WILDLAND FIRE
NON RELATEDPOFDONATION$2,50027 ROUNDUPBELL CANYONCA91307
LOS ANGELES MISSION
NON RELATEDPOFDONATION$250PO BOX 54059LOS ANGELESCA90054
SHRINERS HOSPITAL FOR CHILDREN
NON RELATEDPOFDONATION$2502900 ROCKY POINT DRTAMPAFL33607
ST PAUL UNIVERSITY
GEN LUNA STILOILORPILOILO CITYNON RELATEDNCEDUCATION$1,000GEN LUNA ST.
FOUNDATION FOR THE TRAINING OF SURG
2/F ST MARTIN DE PORRE BLDGMANILARPNON RELATEDNCDONATION$1,000SAMPALOC
ASILO DE MOLO INC
TERESITA BMOLORPNON RELATEDNCDONATION$1,000ILOILO
ST JUDE CHILDREN'S RESEARCH HOSPITA
NON RELATEDPOFDONATION$200262 DANY THOMAS PLACEMEMPHISTN38105
SUN YAT SEN HIGH SCHOOL
MAPA STREETILOILORP5000NON RELATEDNCEDUCATION$1,000ILOILO
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$49,642TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$56RelatedOrExemptFunctionIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$7,927UnrelatedBusinessTaxblIncmAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescFEDERAL TAX REFUNDDesc
Business900001BusinessCd
Exclusion$1,548ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$7,927UnrelatedBusinessTaxblIncmAmt
Exclusion$1,548ExclusionAmt
Related Or Exempt Function Incm$56RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$9,531TotalIncomeProducingActyAmt

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$150,100TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
Amt$4,500Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescINVESTMENTDesc
BOY Book Value$479,087BOYBookValueAmt
EOY Book Value$487,015EOYBookValueAmt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescFEDERAL TAX REFUNDDesc
Revenue And Expenses Per Books$1,548RevenueAndExpensesPerBooksAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryPROFESSIONAL FEESCategoryTxt
Amt$2,475Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFEDERAL TAXCategoryTxt
Amt$31Amt