JAE S LIM FOUNDATION: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- JAE S LIM FOUNDATION (EIN 27-2910858)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-07-29
- IRS object ID
- 202102109349100715
- Schema version
- 2020v4.1
- 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
- Form 990-PF
- Schedule B
- Compensation Explanation
- Depreciation Schedule
- Investments Corp Stock Schedule
- Land Etc Schedule2
- Other Expenses Schedule
- Other Liabilities Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-07-29T13:44:14-05:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FOUNDATION SOURCE | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE HOLLOW LN STE 212 | AddressLine1Txt |
| City | LAKE SUCCESS | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11042 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 272910858 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Jae S Lim Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % Foundation Source | InCareOfNm |
| Business Name Control | JAES | BusinessNameControlTxt |
| Phone | 8008391754 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Foundation Source 501 Silverside Rd | AddressLine1Txt |
| City | Wilmington | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198091377 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | TAEHO LIM | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 8008391754 | PhoneNum |
| Signature | 2021-07-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | TAEHO | PersonFirstNm |
| Person Last | LIM | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jeffrey D Haskell | PreparerPersonNm |
| PTIN | P01345770 | PTIN |
| Phone | 8008391754 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | TrustedCustomerGrp |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $26,764,271 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $2,099,200 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $13,602 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $13,602 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $309,941 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $309,941 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $1,881,753 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $7,340,549 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $4,004,347 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $4,304,496 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $4,327,890 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $85,400 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $85,400 | CompOfcrDirTrstDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $14,677 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $14,677 | PensionEmplBnftDsbrsChrtblAmt |
| Taxes Rev And Expnss | $70,971 | TaxesRevAndExpnssAmt |
| Deprec And Dpltn Rev And Expnss | $7,213 | DeprecAndDpltnRevAndExpnssAmt |
| Occupancy Rev And Expnss | $13,036 | OccupancyRevAndExpnssAmt |
| Occupancy Dsbrs Chrtbl | $13,036 | OccupancyDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $71,589 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Dsbrs Chrtbl | $71,589 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $262,886 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $0 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $184,702 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $870,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $870,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,132,886 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $0 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,054,702 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $3,171,610 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $4,327,890 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $3,029,218 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $6,536,588 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $6,536,588 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $12,796,737 | CorporateStockBOYAmt |
| Corporate Stock EOY | $12,468,196 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $19,915,583 | CorporateStockEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $281,320 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $50,491 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $238,042 | LandBOYAmt |
| Land EOY | $230,829 | LandEOYAmt |
| Land EOYFMV | $312,100 | LandEOYFMVAmt |
| Total Assets BOY | $16,063,997 | TotalAssetsBOYAmt |
| Total Assets EOY | $19,235,613 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $26,764,271 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $77 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $83 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $77 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $83 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $16,063,920 | RetainedEarningBOYAmt |
| Retained Earning EOY | $19,235,530 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $16,063,920 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $19,235,530 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $16,063,997 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $19,235,613 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $16,063,920 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $3,171,610 | ExcessRevenueOverExpensesAmt |
| Subtotal | $19,235,530 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $19,235,530 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | Publicly-traded Securities | PropertyDesc |
| Gross Sales Price | $7,340,549 | GrossSalesPriceAmt |
| Cost Or Other Basis | $3,336,202 | CostOrOtherBasisAmt |
| Gain Or Loss | $4,004,347 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $4,004,347 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $4,004,347 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $60,158 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $60,158 | SubtotalAmt |
| Tax Based On Investment Income | $60,158 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $57,200 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $2,958 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $60,158 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | DE | OrgReportOrRegisterStateCd |
| Org Report Or Register State | MA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8008391754 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 501 Silverside Road Suite 123 | AddressLine1Txt |
| City | Wilmington | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198091377 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (true) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| Jae S Lim | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, Pres* | 1.0 | $0 | $0 | $0 |
| Taeho Lim | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Sec, Dir, Pres** | 32.0 | $85,400 | $7,814 | $0 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 55 Walls Drive 3rd Floor | AddressLine1Txt |
| City | Fairfield | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06824 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | Administrative | ServiceTypeTxt |
| Compensation | $65,587 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Summary Of Direct Chrtbl Acty | SummaryOfDirectChrtblActyGrp | |
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $18,652,403 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $3,787,958 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $22,440,361 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $22,440,361 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $336,605 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $22,103,756 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,105,188 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,105,188 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $60,158 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $60,158 | TotalTaxAmt |
| Distributable Before Adj | $1,045,030 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $1,045,030 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $1,045,030 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,054,702 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $1,054,702 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $1,054,702 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,045,030 | DistributableAsAdjustedAmt |
| Prior Year1 | 2018 | PriorYear1Yr |
| Prior Year2 | 2017 | PriorYear2Yr |
| Prior Year3 | 2016 | PriorYear3Yr |
| Excess Distribution Cyov Yr2 | $491,380 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $175,437 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $666,817 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,054,702 | QualifyingDistributionsAmt |
| Applied To Current Year | $1,045,030 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $9,672 | RemainingDistriFromCorpusAmt |
| Total Corpus | $676,489 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $676,489 | ExcessDistriCyovToNextYrAmt |
| Excess From Year2 | $491,380 | ExcessFromYear2Amt |
| Excess From Year1 | $175,437 | ExcessFromYear1Amt |
| Excess From Current Year | $9,672 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Jae S Lim | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (35 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| AGAWAM HIGH SCHOOL | |||||||
| 760 COOPER ST | AGAWAM | MA | 01001 | N/A | GOV | 2020-2021 Agawam Math & Science Prizes program | $3,000 |
| ATTLEBORO HIGH SCHOOL | |||||||
| 100 RATHBUN WILLARD DR | ATTLEBORO | MA | 02703 | N/A | GOV | 2020-2021 Attleboro Math & Science Prizes program | $3,000 |
| BANGOR HIGH SCHOOL | |||||||
| 885 BROADWAY | BANGOR | ME | 04401 | N/A | GOV | 2020-2021 Bangor Math & Science Prizes program | $3,000 |
| BARNSTABLE HIGH SCHOOL | |||||||
| 744 W MAIN ST | HYANNIS | MA | 02601 | N/A | GOV | 2020-2021 Barnstable Math & Science Prizes program | $3,000 |
| BONNY EAGLE HIGH SCHOOL | |||||||
| 700 SACO RD | STANDISH | ME | 04084 | N/A | GOV | 2020-2021 Bonny Eagle Math & Science Prizes program | $3,000 |
| BRANFORD HIGH SCHOOL | |||||||
| 185 E MAIN ST | BRANFORD | CT | 06405 | N/A | GOV | 2020-2021 Branford Math & Science Prizes program | $3,000 |
| BRISTOL CENTRAL HIGH SCHOOL | |||||||
| 480 WOLCOTT ST | BRISTOL | CT | 06010 | N/A | GOV | 2020-2021 Bristol Central Math & Science Prizes program | $3,000 |
| CLEARWATER HIGH SCHOOL | |||||||
| 540 S HERCULES AVE | CLEARWATER | FL | 33764 | N/A | GOV | 2020-2021 Clearwater Math & Science Prizes program | $3,000 |
| COUNTRYSIDE HIGH SCHOOL | |||||||
| 3000 STATE RD 580 | CLEARWATER | FL | 33761 | N/A | GOV | 2020-2021 Countryside Math & Science Prizes program | $3,000 |
| CRANSTON HIGH SCHOOL WEST | |||||||
| 80 METROPOLITAN AVE | CRANSTON | RI | 02920 | N/A | GOV | 2020-2021 Cranston West Math & Science Prizes program | $3,000 |
| CUMBERLAND HIGH SCHOOL | |||||||
| 2600 MENDON RD | CUMBERLAND | RI | 02864 | N/A | GOV | 2020-2021 Cumberland Math & Science Prizes program | $3,000 |
| DANVERS HIGH SCHOOL | |||||||
| 60 CABOT RD | DANVERS | MA | 01923 | N/A | GOV | 2020-2021 Danvers Math & Science Prizes program | $3,000 |
| DOVER SENIOR HIGH SCHOOL | |||||||
| 25 ALUMNI DR | DOVER | NH | 03820 | N/A | GOV | 2020-2021 Dover Math & Science Prizes program | $3,000 |
| GEORGIA TECH FOUNDATION INC | |||||||
| 760 SPRING ST NW STE 400 | ATLANTA | GA | 30308 | N/A | PC | Project ENGAGES student stipends | $24,000 |
| LONDONDERRY HIGH SCHOOL | |||||||
| 295 MAMMOTH RD | LONDONDERRY | NH | 03053 | N/A | GOV | 2020-2021 Londonderry Math & Science Prizes program | $3,000 |
| MAHWAH HIGH SCHOOL | |||||||
| 50 RIDGE RD | MAHWAH | NJ | 07430 | N/A | GOV | 2020-2021 Kuehn Mathematics Prize & Modisett Science prizes program | $3,000 |
| MANCHESTER CENTRAL HIGH SCHOOL | |||||||
| 535 BEECH ST | MANCHESTER | NH | 03104 | N/A | GOV | 2020-2021 Manchester Central Math & Science Prizes program | $3,000 |
| MASSACHUSETTS INSTITUTE OF TECHNOLOGY | |||||||
| 600 MEMORIAL DR BLDG W98-300 | CAMBRIDGE | MA | 02139 | N/A | PC | Jae S. Lim Korea Fund | $250,000 |
| MASSACHUSETTS INSTITUTE OF TECHNOLOGY | |||||||
| 600 MEMORIAL DR BLDG W98-300 | CAMBRIDGE | MA | 02139 | N/A | PC | Music Building Construction Fund | $500,000 |
| METHUEN HIGH SCHOOL | |||||||
| 1 RANGER RD | METHUEN | MA | 01844 | N/A | GOV | 2020-2021 Methuen Math & Science Prizes program | $3,000 |
| MIDDLETOWN HIGH SCHOOL | |||||||
| 200 LAROSA LN | MIDDLETOWN | CT | 06457 | N/A | GOV | 2020-2021 Middletown Math & Science Prizes program | $3,000 |
| NASHUA HIGH SCHOOL SOUTH | |||||||
| 36 RIVERSIDE ST | NASHUA | NH | 03062 | N/A | GOV | 2020-2021 Nashua South Math & Science Prizes program | $3,000 |
| NORTH HAVEN HIGH SCHOOL | |||||||
| 221 ELM ST | NORTH HAVEN | CT | 06473 | N/A | GOV | 2020-2021 North Haven Math & Science Prizes program | $3,000 |
| NORWALK HIGH SCHOOL | |||||||
| 23 CALVIN MURPHY DR | NORWALK | CT | 06851 | N/A | GOV | 2020-2021 Norwalk Math & Science Prizes program | $3,000 |
| PORTSMOUTH HIGH SCHOOL | |||||||
| 50 ANDREW JARVIS DR | PORTSMOUTH | NH | 03801 | N/A | GOV | 2020-2021 Portsmouth Math & Science Prizes program | $3,000 |
| RUTLAND HIGH SCHOOL | |||||||
| 22 STRATTON RD | RUTLAND | VT | 05701 | N/A | GOV | 2020-2021 Rutland Math & Science Prizes program | $3,000 |
| SHEPHERD HILL REGIONAL HIGH SCHOOL | |||||||
| 68 DUDLEY-OXFORD RD | DUDLEY | MA | 01571 | N/A | GOV | 2020-2021 Shepherd Hill Math & Science Prizes program | $3,000 |
| SOMERVILLE HIGH SCHOOL | |||||||
| 81 HIGHLAND AVE | SOMERVILLE | MA | 02143 | N/A | GOV | 2020-2021 Somerville Math & Science Prizes program | $3,000 |
| STRATFORD HIGH SCHOOL | |||||||
| 245 KING ST | STRATFORD | CT | 06615 | N/A | GOV | 2020-2021 Stratford Math & Science Prizes program | $3,000 |
| TOWN OF FALMOUTH | |||||||
| 59 TOWN HALL SQ | FALMOUTH | MA | 02540 | N/A | GOV | 2020-2021 Falmouth Math & Science Prizes program | $3,000 |
| TOWN OF MILFORD | |||||||
| 52 MAIN ST RM 18 | MILFORD | MA | 01757 | N/A | GOV | 2020-2021 Milford Math & Science Prizes program | $3,000 |
| WESTHILL HIGH SCHOOL | |||||||
| 125 ROXBURY RD | STAMFORD | CT | 06902 | N/A | GOV | 2020-2021 Westhill Math & Science Prizes program | $3,000 |
| WEYMOUTH HIGH SCHOOL | |||||||
| 1 WILDCAT WAY | SOUTH WEYMOUTH | MA | 02190 | N/A | GOV | 2020-2021 Weymouth Math & Science Prizes program | $3,000 |
| WINDSOR HIGH SCHOOL | |||||||
| 601 MATIANUCK AVE | WINDSOR | CT | 06095 | N/A | GOV | 2020-2021 Windsor Math & Science Prizes program | $3,000 |
| WOBURN HIGH SCHOOL | |||||||
| 88 MONTVALE AVE | WOBURN | MA | 01801 | N/A | GOV | 2020-2021 Woburn Math & Science Prizes program | $3,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $870,000 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $13,602 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $309,941 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp | |
| Other Investment Incm Part VII | OtherInvestmentIncmPartVIIGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $1,881,753 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $2,205,296 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $2,205,296 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | Lim Jae S | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1200 Gulf Blvd Unit 1505 | AddressLine1Txt |
| City | Clearwater Beach | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33767 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $2,099,200 | TotalContributionsAmt |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp (7 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 1 | T ROWE PRICE TAX EFFICIENT FUND I TEEFX, 10000 sh. | $393,900 | 2020-01-09 |
| 1 | T ROWE PRICE TAX EFFICIENT FUND I TEEFX, 10000 sh. | $397,000 | 2020-01-15 |
| 1 | T ROWE PRICE TAX EFFICIENT FUND I TEEFX, 10000 sh. | $403,900 | 2020-02-06 |
| 1 | T ROWE PRICE TAX EFFICIENT FUND I TEEFX, 5000 sh. | $205,800 | 2020-06-09 |
| 1 | T ROWE PRICE TAX EFFICIENT FUND I TEEFX, 5000 sh. | $210,500 | 2020-07-13 |
| 1 | T ROWE PRICE TAX EFFICIENT FUND I TEEFX, 5000 sh. | $237,700 | 2020-08-28 |
| 1 | T ROWE PRICE TAX EFFICIENT FUND I TEEFX, 5000 sh. | $250,400 | 2020-12-03 |
Compensation Explanation CompensationExplanation
Compensation Explanation CompensationExplanationGrp (2 entries)
| Short ExplanationShortExplanationTxt |
|---|
| Jae S Lim |
| *President from January 1, 2020 to July 1, 2020 |
| Taeho Lim |
| **President from July 1, 2020 to present |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | CONDO-OFC - 63 SHO | PropertyDesc |
| Acquired | 2014-01-04 | AcquiredDt |
| Cost Or Other Basis | $281,320 | CostOrOtherBasisAmt |
| Prior Year Depreciation | $43,278 | PriorYearDepreciationAmt |
| Computation Method | SL | ComputationMethodTxt |
| Life | 39 | LifeRt |
| Current Year Expense | $7,213 | CurrentYearExpenseAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (11 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| FIDELITY 500 INDEX FUND | $2,148 | $2,529 |
| T ROWE PRICE MEDIA & TELECOMMU | $11,693 | $18,709 |
| T ROWE PRICE TAX EFFICIENT EQU | $10,904 | $13,150 |
| T ROWE PRICE TAX EFFICIENT FUN | $10,412 | $10,592 |
| VANGUARD 500 INDEX FUND ADM | $4,523,637 | $7,423,303 |
| VANGUARD EXTENDED MARKET INDEX | $326,035 | $830,344 |
| VANGUARD SHORT-TERM BOND INDEX | $422,134 | $448,847 |
| VANGUARD SMALL CAP INDEX FD AD | $387,511 | $856,079 |
| VANGUARD TAX MANAGED CAPITAL A | $4,098,097 | $6,840,226 |
| VANGUARD TAX-MANAGED SMALL CAP | $734,662 | $1,166,684 |
| VANGUARD TOTAL INT ST IDX-AD | $1,940,963 | $2,305,120 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | CONDO-OFC - 63 SHO | CategoryOrItemTxt |
| Cost Or Other Basis | $281,320 | CostOrOtherBasisAmt |
| Accumulated Depreciation | $50,491 | AccumulatedDepreciationAmt |
| Book Value | $230,829 | BookValueAmt |
| EOYFMV | $312,100 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| Administrative Fees | $65,587 | $65,587 |
| Equipment Maintenance | $4,503 | $4,503 |
| Office Supplies | $103 | $103 |
| Postage/Delivery Service | $95 | $95 |
| INSURANCE PREMIUMS | $395 | $395 |
| State or Local Filing Fees | $635 | $635 |
| Website Hosting/Support | $271 | $271 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PAYROLL TAX WITHHELD | Desc |
| BOY Book Value | $77 | BOYBookValueAmt |
| EOY Book Value | $83 | EOYBookValueAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt |
|---|---|
| 990-PF Estimated Tax for 2020 | $57,200 |
| 990-PF EXTENSION FOR 2019 | $13,771 |