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DR RENE & DAISY LIM FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
DR RENE & DAISY LIM FOUNDATION (EIN 45-3089622)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-05-16
IRS object ID
202221369349103692
Schema version
2021v4.0
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)
Return2022-05-16T12:06:32-07:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

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 Begin2021-01-01TaxPeriodBeginDt

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
Phone8185815551PhoneNum
Signature2022-05-16SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstRENE APersonFirstNm
Person LastLIMPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

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)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

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$75,100ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$1,305DividendsRevAndExpnssAmt
Dividends Net Invst Incm$1,305DividendsNetInvstIncmAmt
Dividends Adj Net Incm$1,305DividendsAdjNetIncmAmt
Total Rev And Expnss$76,405TotalRevAndExpnssAmt
Total Net Invst Incm$1,305TotalNetInvstIncmAmt
Total Adj Net Incm$1,305TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,790AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$2,604TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$134OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$4,528TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$125,364ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$125,364ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$129,892TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$125,364TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$53,487ExcessRevenueOverExpensesAmt
Net Investment Income$1,305NetInvestmentIncomeAmt
Adjusted Net Income$1,305AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$123,980CashBOYAmt
Cash EOY$68,695CashEOYAmt
Other Assets BOY$477,289OtherAssetsBOYAmt
Other Assets EOY$479,087OtherAssetsEOYAmt
Total Assets BOY$601,269TotalAssetsBOYAmt
Total Assets EOY$547,782TotalAssetsEOYAmt
Total Assets EOYFMV$0TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$601,269NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$547,782NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$601,269TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$547,782TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$601,269TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$547,782TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$601,269TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$53,487ExcessRevenueOverExpensesAmt
Subtotal$547,782SubtotalAmt
Tot Net Ast Or Fund Balances EOY$547,782TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$18InvestmentIncomeExciseTaxAmt
Subtotal$18SubtotalAmt
Tax Based On Investment Income$18TaxBasedOnInvestmentIncomeAmt
Tax Due$18TaxDueAmt
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$18TaxBasedOnInvestmentIncomeAmt
Total Tax$18TotalTaxAmt
Distributable Before Adj$18DistributableBeforeAdjAmt
Distributable Before Ded$18DistributableBeforeDedAmt
Distributable As Adjusted$0DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$125,364ExpensesAndContributionsAmt
Qualifying Distributions$125,364QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$2,700ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$23,815ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$32,583ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$12,762ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$46,603ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$118,463TotalExcessDistributionCyovAmt
Qualifying Distributions$125,364QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Remaining Distri From Corpus$125,364RemainingDistriFromCorpusAmt
Total Corpus$243,827TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$2,700ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$241,127ExcessDistriCyovToNextYrAmt
Excess From Year4$23,815ExcessFromYear4Amt
Excess From Year3$32,583ExcessFromYear3Amt
Excess From Year2$12,762ExcessFromYear2Amt
Excess From Year1$46,603ExcessFromYear1Amt
Excess From Current Year$125,364ExcessFromCurrentYearAmt

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 (6 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$17,564
CHRISTOPHER M TOMINES
NON RELATEDIEDUCATION$1004 N WAKE FOREST AVEVENTURACA93003
USTMAAA FOUNDATION
NON RELATEDPOFEDUCATION$100,0007071 ORCHARD LAKE RD 333WEST BLOOMFIELDMI48322
SILVIA JUAREZ MA
NON RELATEDIDONATION$1,20015025 SATICOY ST 17VAN NUYSCA91406
USA HIGH SCHOOL CLASS OF 1974 INC
BDO CORPORATE CTR 7899 MAKATI AMAKATI CITYRP0726NON RELATEDPOFEDUCATION$1,500METROPOLITAN MANI
SYLVIA JUAREZ
IDONATION$5,000507 N 35TH STFORT SMITHAR72903
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$125,364TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$1,305UnrelatedBusinessTaxblIncmAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescFEDERAL TAX REFUNDDesc
Business900001BusinessCd

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$1,305UnrelatedBusinessTaxblIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$1,305TotalIncomeProducingActyAmt

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 (2 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionInd
DR RENE A LIM MD
127 ROUND UP ROADBELL CANYONCA91307$25,000Yes (X)
SANTO NINO MEDICAL CLINIC
214427 CHASE ST 100PANORAMA CITYCA91402$50,000Yes (X)

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail (2 entries)

AmtAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
$1,700$0$0$0
$90$0$0$0

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescINVESTMENTDesc
BOY Book Value$477,289BOYBookValueAmt
EOY Book Value$479,087EOYBookValueAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
BANK CHARGES$109
LICENSE AND PERMITS$25

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmt
FEDERAL TAX$1,695
FTB$40
STATE$869