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DR RENE & DAISY LIM FOUNDATION: Form 990PF, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
DR RENE & DAISY LIM FOUNDATION (EIN 45-3089622)
Tax period
2018-01-01 to 2018-12-31
Filed
2019-06-26
IRS object ID
201901779349100220
Schema version
2018v3.1
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 ReturnHeader

FieldValueIRS element (for citing)
Return2019-06-26T14:34:41-07:00ReturnTs
Tax Period End2018-12-31TaxPeriodEndDt

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 Begin2018-01-01TaxPeriodBeginDt

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
Signature2019-06-26SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonReza Azizi EAPreparerPersonNm
PTINP00079163PTIN
Phone8189951020PhoneNum
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

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$50,415ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$9,763DividendsRevAndExpnssAmt
Dividends Net Invst Incm$9,763DividendsNetInvstIncmAmt
Dividends Adj Net Incm$9,763DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$71NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$508,464GrossSalesPriceAmt
Total Rev And Expnss$60,249TotalRevAndExpnssAmt
Total Net Invst Incm$9,763TotalNetInvstIncmAmt
Total Adj Net Incm$9,763TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,000AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$10TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$105OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$1,115TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$32,583ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$32,583ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$33,698TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$32,583TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$26,551ExcessRevenueOverExpensesAmt
Net Investment Income$9,763NetInvestmentIncomeAmt
Adjusted Net Income$9,763AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$471,840CashBOYAmt
Cash EOY$88,845CashEOYAmt
Pledges Rcvbl$50,000PledgesRcvblAmt
Pledges Rcvbl BOY$100,000PledgesRcvblBOYAmt
Pledges Rcvbl EOY$50,000PledgesRcvblEOYAmt
Other Assets EOY$459,546OtherAssetsEOYAmt
Total Assets BOY$571,840TotalAssetsBOYAmt
Total Assets EOY$598,391TotalAssetsEOYAmt
Total Assets EOYFMV$0TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$571,840UnrestrictedBOYAmt
Unrestricted EOY$598,391UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$571,840TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$598,391TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$571,840TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$598,391TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$571,840TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$26,551ExcessRevenueOverExpensesAmt
Subtotal$598,391SubtotalAmt
Tot Net Ast Or Fund Balances EOY$598,391TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyJP MORGANPropertyDesc
How AcquiredPHowAcquiredCd
Acquired2018-02-15AcquiredDt
Sold2018-02-15SoldDt
Gross Sales Price$508,464GrossSalesPriceAmt
Cost Or Other Basis$508,586CostOrOtherBasisAmt
Gain Or Loss-$122GainOrLossAmt
Gains Minus Excess Or Losses-$122GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income-$122CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$122NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$195InvestmentIncomeExciseTaxAmt
Subtotal$195SubtotalAmt
Tax Based On Investment Income$195TaxBasedOnInvestmentIncomeAmt
Tax Due$195TaxDueAmt

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
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsfalseMaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Proceeds Or Net IncomefalseProceedsOrNetIncomeInd
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$195TaxBasedOnInvestmentIncomeAmt
Total Tax$195TotalTaxAmt
Distributable Before Adj$195DistributableBeforeAdjAmt
Distributable Before Ded$195DistributableBeforeDedAmt
Distributable As Adjusted$0DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$32,583ExpensesAndContributionsAmt
Qualifying Distributions$32,583QualifyingDistributionsAmt
Adjusted Qualifying Distri$32,583AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$6,650ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$42,775ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$5,965ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$2,700ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$23,815ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$81,905TotalExcessDistributionCyovAmt
Qualifying Distributions$32,583QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Remaining Distri From Corpus$32,583RemainingDistriFromCorpusAmt
Total Corpus$114,488TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$6,650ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$107,838ExcessDistriCyovToNextYrAmt
Excess From Year4$42,775ExcessFromYear4Amt
Excess From Year3$5,965ExcessFromYear3Amt
Excess From Year2$2,700ExcessFromYear2Amt
Excess From Year1$23,815ExcessFromYear1Amt
Excess From Current Year$32,583ExcessFromCurrentYearAmt

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/CityNmProvince Or StateRecipientForeignAddress/ProvinceOrStateNmCountryRecipientForeignAddress/CountryCdForeign PostalRecipientForeignAddress/ForeignPostalCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCd
HS CLASS 74 FOUNDATION
RUFINO GONZAGARUFINO GONZAGAMANILARPILOILONON RELATEDPOFCHARITY$1,100
W F PHARMACY INC
PFCHARTY$8459205 WHITTIER BLVDPICO RIVERACA90660
VALLEY FOOD BANK
PCCHARITY$75012701 VAN NUYS BLVDPACOIMACA91331
GLENDA SALINAS
POFCHARITY$1,000770 WILSHIRE BLVDLOS ANGELESCA90017
MARCO GELLECANAO
POFCHARITY$1,00010535 ZELZAH AVEGRANADA HILLSCA91344
ST PETER'S VINEYARD INC
POFCHARITY$1006159 GRANITE COURTALTA LOMACA91737
HEALTH FAIR
PFCHARITY$1,6858610 VAN NUYS BLVDPANORAMA CITYCA91402
AMERICAN RED CROSS
POFCHARITY$300431 18TH STREET NWWASHINGTONDC20006
SUN YAT SEN HIGH SCHOOL OF ILOILO I
MAPA STREETILOILO CITYILOILORP5000PFCHARITY$19,530
VENTURA COUNTY FIRE DEPARTMENT
POFCHARITY$5,0003251 CORTE MALPASOCAMARILLOCA93012
SYRACUSE UNIVERSITY
POFCHARIRY$500820 COMSTOCK AVE STE 214SYRACUSENY13244
CHRISTMAS TOY DRIVE
POFCHARITY$7738610 VAN NUYS BLVDPANORAMA CITYCA91402
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$32,583TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$9,763UnrelatedBusinessTaxblIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Business900001BusinessCd
Unrelated Business Taxbl Incm$71UnrelatedBusinessTaxblIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$9,834UnrelatedBusinessTaxblIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$9,834TotalIncomeProducingActyAmt

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)
CategoryFILING FEECategoryTxt
Amt$1,000Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

General Explanation Attachment GeneralExplanationAttachment

General Explanation GeneralExplanationGrp

FieldValueIRS element (for citing)
Form And Line ReferenceGeneral Explanation Supplemental Information for Form 990-PFFormAndLineReferenceDesc
Medium ExplanationTHE ORGANIZATION IS LOCATED ON THE AREA AFFECTED BY CALIFORNIA WOOLSEY WILD FIRE SUBJECT TO PENALTY WAIVER.PLEASE WAIVE ANY IMPOSED PENALTY ACCORDING TO THE FIRE VICTIMS EXEMPTION.MediumExplanationTxt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescINVESTMENTDesc
EOY Book Value$459,546EOYBookValueAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
BANK CHARGES$80
LICENSE AND PERMITS$25

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategorySTATECategoryTxt
Amt$10Amt