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DR RENE & DAISY LIM FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
DR RENE & DAISY LIM FOUNDATION (EIN 45-3089622)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-10-19
IRS object ID
202102929349101315
Schema version
2020v4.0
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)
Return2021-10-19T12:50:39-07:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

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 Begin2020-01-01TaxPeriodBeginDt

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
Signature2021-10-19SignatureDt
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

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)
Tax2020TaxYr
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$25,100ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$4,570DividendsRevAndExpnssAmt
Dividends Net Invst Incm$4,570DividendsNetInvstIncmAmt
Dividends Adj Net Incm$4,570DividendsAdjNetIncmAmt
Other Income Rev And Expnss$993OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$4,570OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$30,663TotalRevAndExpnssAmt
Total Net Invst Incm$9,140TotalNetInvstIncmAmt
Total Adj Net Incm$4,570TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,700AccountingFeesRevAndExpnssAmt
Interest Rev And Expnss$19InterestRevAndExpnssAmt
Taxes Rev And Expnss$1,062TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$250OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$3,031TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$46,603ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$46,603ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$49,634TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$46,603TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$18,971ExcessRevenueOverExpensesAmt
Net Investment Income$9,140NetInvestmentIncomeAmt
Adjusted Net Income$4,570AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$146,469CashBOYAmt
Cash EOY$123,980CashEOYAmt
Other Assets BOY$473,771OtherAssetsBOYAmt
Other Assets EOY$477,289OtherAssetsEOYAmt
Total Assets BOY$620,240TotalAssetsBOYAmt
Total Assets EOY$601,269TotalAssetsEOYAmt
Total Assets EOYFMV$0TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$620,240NoDonorRstrNetAssestsBOYAmt
Tot Net Ast Or Fund Balances BOY$620,240TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$601,269TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$620,240TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$601,269TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$620,240TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$18,971ExcessRevenueOverExpensesAmt
Subtotal$601,269SubtotalAmt
Tot Net Ast Or Fund Balances EOY$601,269TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$127InvestmentIncomeExciseTaxAmt
Subtotal$127SubtotalAmt
Tax Based On Investment Income$127TaxBasedOnInvestmentIncomeAmt
Tax Due$127TaxDueAmt

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$127TaxBasedOnInvestmentIncomeAmt
Total Tax$127TotalTaxAmt
Distributable Before Adj$127DistributableBeforeAdjAmt
Distributable Before Ded$127DistributableBeforeDedAmt
Distributable As Adjusted$0DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$46,603ExpensesAndContributionsAmt
Qualifying Distributions$46,603QualifyingDistributionsAmt
Adjusted Qualifying Distri$46,603AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$5,965ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$2,700ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$23,815ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$32,583ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$12,762ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$77,825TotalExcessDistributionCyovAmt
Qualifying Distributions$46,603QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Remaining Distri From Corpus$46,603RemainingDistriFromCorpusAmt
Total Corpus$124,428TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$5,965ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$118,463ExcessDistriCyovToNextYrAmt
Excess From Year4$2,700ExcessFromYear4Amt
Excess From Year3$23,815ExcessFromYear3Amt
Excess From Year2$32,583ExcessFromYear2Amt
Excess From Year1$12,762ExcessFromYear1Amt
Excess From Current Year$46,603ExcessFromCurrentYearAmt

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 (12 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$25,000
LOS ANGELES MISSION
NON RELATEDPCCHARITY$1,000PO BOX 54059LOS ANGELESCA90054
COVID-19 ILOILO CITY
7899 MAKATI AVEMAKATI CITYRP0726NON RELATEDPOFCHARITY$5,000METROPOLITAN MANI
MAXWELL SYRACUSE UNIVERSITY
POFEDUCATION$1,000640 SKYTOP RD STE 240SYRACUSENY13244
ENRIQUE CASTILLO
NON RELATEDIEDUCATION$1,0003737 ACORDE AVEPALMDALECA93550
COVID-19 FRONTLINES
POFCHARITY$1,7538610 VAN NUYS BLVDPANORAMA CITYCA91402
CARLOS MENDOSA
NON RELATEDIEDUCATION$1,20010837 LANGDON AVE 182MISSION HILLSCA91345
MARY JOY MELCOR
ICHARITY$2,20010264 RINCON AVEPACOIMACA91331
CHRISTMAS OUTREACH FEELING
BDO CORPORATE CTR 7899 MAKATI AMAKATI CITYRP0726NON RELATEDPOFCHARITY$1,500METROPOTITAN MANI
VERONICA QUIRINO
IEDUCATION$1,20014540 BLYTHE ST APT 209PANORAMA CITYCA91402
LOUISVILLE HIGH SCHOOL
NON RELATEDPOFEDUCATION$1,00022300 MULHOLLAND RDWOODLAND HILLSCA91364
SANTO NINO MEDICAL CLINIC
RELATEDPOFCHARITY$4,75014427 CHASE STREETPANORAMA CITYCA91402
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$46,603TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$4,570UnrelatedBusinessTaxblIncmAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescFEDERAL TAX REFUNDDesc
Business900001BusinessCd
Related Or Exempt Function Incm$993RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$4,570UnrelatedBusinessTaxblIncmAmt
Related Or Exempt Function Incm$993RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$5,563TotalIncomeProducingActyAmt

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEECategoryTxt
Amt$1,700Amt
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$473,771BOYBookValueAmt
EOY Book Value$477,289EOYBookValueAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
BANK CHARGES$225
LICENSE AND PERMITS$25

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescFEDERAL TAX REFUNDDesc
Revenue And Expenses Per Books$993RevenueAndExpensesPerBooksAmt
Net Investment Income$4,570NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmt
FEDERAL TAX$1,002
STATE$60