JAE S LIM FOUNDATION: Form 990PF, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- JAE S LIM FOUNDATION (EIN 27-2910858)
- Tax period
- 2018-01-01 to 2018-12-31
- Filed
- 2019-07-24
- IRS object ID
- 201902059349100115
- 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
- Form 990-PF
- Schedule B
- Depreciation Schedule
- Investments Corp Stock Schedule
- Land Etc Schedule2
- Other Expenses Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-07-24T11:04:33-05:00 | ReturnTs |
| Tax Period End | 2018-12-31 | 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 | 2018-01-01 | 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 | % C/O 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 | Secretary | PersonTitleTxt |
| Phone | 8008391754 | PhoneNum |
| Signature | 2019-07-08 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jeffrey D Haskell | PreparerPersonNm |
| PTIN | P01345770 | PTIN |
| Phone | 8008391754 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 24.187.244.114 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Federal Original Submission Id | 06391520192055000015 | FederalOriginalSubmissionId |
| Federal Original Submission Id | 2019-07-24 | FederalOriginalSubmissionIdDt |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | B4071EDBF965138D09D1F12157D7C2E13A494AFD | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 78D185D94E59032E4B5D677F857013E059842DEA | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $16,638,394 | 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 | $1,817,180 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $19,378 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $19,378 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $285,675 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $285,675 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $276,894 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $2,726,642 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $1,879,923 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $2,399,127 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $2,184,976 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $77,833 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $77,833 | CompOfcrDirTrstDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $13,739 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $13,739 | PensionEmplBnftDsbrsChrtblAmt |
| Taxes Rev And Expnss | $25,892 | TaxesRevAndExpnssAmt |
| Deprec And Dpltn Rev And Expnss | $7,213 | DeprecAndDpltnRevAndExpnssAmt |
| Occupancy Rev And Expnss | $14,198 | OccupancyRevAndExpnssAmt |
| Occupancy Dsbrs Chrtbl | $14,198 | OccupancyDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $60,191 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Dsbrs Chrtbl | $60,191 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $199,066 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $0 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $165,961 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,353,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,353,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,552,066 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $0 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,518,961 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $847,061 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $2,184,976 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $1,290,439 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $1,036,499 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $1,036,499 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $12,101,633 | CorporateStockBOYAmt |
| Corporate Stock EOY | $13,209,847 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $15,335,995 | CorporateStockEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $281,320 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $36,065 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $252,468 | LandBOYAmt |
| Land EOY | $245,255 | LandEOYAmt |
| Land EOYFMV | $265,900 | LandEOYFMVAmt |
| Total Assets BOY | $13,644,540 | TotalAssetsBOYAmt |
| Total Assets EOY | $14,491,601 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $16,638,394 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Retained Earning BOY | $13,644,540 | RetainedEarningBOYAmt |
| Retained Earning EOY | $14,491,601 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $13,644,540 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $14,491,601 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $13,644,540 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $14,491,601 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $13,644,540 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $847,061 | ExcessRevenueOverExpensesAmt |
| Subtotal | $14,491,601 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $14,491,601 | 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 | $2,726,642 | GrossSalesPriceAmt |
| Cost Or Other Basis | $846,719 | CostOrOtherBasisAmt |
| Gain Or Loss | $1,879,923 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $1,879,923 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $1,879,923 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $490,035 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $14,935,551 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.03281 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $187,574 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $10,264,674 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.018274 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $380,207 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $8,249,404 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.046089 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $873,730 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $6,248,916 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.139821 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $55,307 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $4,338,004 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.012749 | DistributionYr5Rt |
| Total Distribution | 0.249743 | TotalDistributionRt |
| Average Distribution | 0.049949 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $17,182,760 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $858,262 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $21,850 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $880,112 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $1,518,961 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | Yes (X) | DomesticOrgMeetingSect4940eInd |
| Investment Income Excise Tax | $21,850 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $21,850 | SubtotalAmt |
| Tax Based On Investment Income | $21,850 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $18,532 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $3,318 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $21,850 | 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 | CO 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 | Pres, Dir | 1.0 | $0 | $0 | $0 |
| Taeho Lim | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Sec, Dir | 32.0 | $77,833 | $7,368 | $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 FL | AddressLine1Txt |
| City | Fairfield | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06824 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | Administrative | ServiceTypeTxt |
| Compensation | $58,500 | 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 | $16,181,375 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,263,051 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $17,444,426 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $17,444,426 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $261,666 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $17,182,760 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $859,138 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $859,138 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $21,850 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $21,850 | TotalTaxAmt |
| Distributable Before Adj | $837,288 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $837,288 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $837,288 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,518,961 | 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 | $1,518,961 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $21,850 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $1,497,111 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $837,288 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $190,293 | UndistributedIncomePYAmt |
| Prior Year1 | 2016 | PriorYear1Yr |
| Prior Year2 | 2015 | PriorYear2Yr |
| Prior Year3 | 2014 | PriorYear3Yr |
| Qualifying Distributions | $1,518,961 | QualifyingDistributionsAmt |
| Applied To Year1 | $190,293 | AppliedToYear1Amt |
| Applied To Current Year | $837,288 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $491,380 | RemainingDistriFromCorpusAmt |
| Total Corpus | $491,380 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $491,380 | ExcessDistriCyovToNextYrAmt |
| Excess From Current Year | $491,380 | 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 | 2018-19 Agawam Math & Science Prizes Program | $3,000 |
| ATTLEBORO HIGH SCHOOL | |||||||
| 100 RATHBUN WILLARD DR | ATTLEBORO | MA | 02703 | N/A | GOV | 2018-19 Attleboro Math & Science Prizes Program | $3,000 |
| BANGOR HIGH SCHOOL | |||||||
| 885 BROADWAY | BANGOR | ME | 04401 | N/A | GOV | 2018-19 Bangor Math & Science Prizes Program | $3,000 |
| BARNSTABLE HIGH SCHOOL | |||||||
| 744 W MAIN ST | HYANNIS | MA | 02601 | N/A | GOV | 2018-19 Barnstable Math & Science Prizes Program | $3,000 |
| BONNY EAGLE HIGH SCHOOL | |||||||
| 700 SACO RD | STANDISH | ME | 04084 | N/A | GOV | 2018-19 Bonny Eagle Math & Science Prizes Program | $3,000 |
| BRANFORD HIGH SCHOOL | |||||||
| 185 E MAIN ST | BRANFORD | CT | 06405 | N/A | GOV | 2018-19 Branford Math & Science Prizes Program | $3,000 |
| BRISTOL CENTRAL HIGH SCHOOL | |||||||
| 480 WOLCOTT ST | BRISTOL | CT | 06010 | N/A | GOV | 2018-19 Bristol Central Math & Science Prizes Program | $3,000 |
| CRANSTON HIGH SCHOOL WEST | |||||||
| 80 METROPOLITAN AVE | CRANSTON | RI | 02920 | N/A | GOV | 2018-19 Cranston West Math & Science Prizes Program | $3,000 |
| CUMBERLAND HIGH SCHOOL | |||||||
| 2600 MENDON RD | CUMBERLAND | RI | 02864 | N/A | GOV | 2018-19 Cumberland Math & Science Prizes Program | $3,000 |
| DANVERS HIGH SCHOOL | |||||||
| 60 CABOT RD | DANVERS | MA | 01923 | N/A | GOV | 2018-19 Danvers Math & Science Prizes Program | $3,000 |
| DOVER SENIOR HIGH SCHOOL | |||||||
| 25 ALUMNI DR | DOVER | NH | 03820 | N/A | GOV | 2018-19 Dover Math & Science Prizes Program | $3,000 |
| FALMOUTH HIGH SCHOOL | |||||||
| 874 GIFFORD ST | FALMOUTH | MA | 02540 | N/A | GOV | 2018-19 Falmouth Math & Science Prizes Program | $3,000 |
| GEORGIA TECH FOUNDATION INC | |||||||
| 760 SPRING ST NW STE 400 | ATLANTA | GA | 30308 | N/A | PC | Project ENGAGES (Summer 2018) Program | $5,000 |
| GIRLS WHO CODE INC | |||||||
| 28 W 23RD ST 4TH FL | NEW YORK | NY | 10010 | N/A | PC | National Summer Stipend Fund 2018 Program | $5,000 |
| LONDONDERRY HIGH SCHOOL | |||||||
| 295 MAMMOTH RD | LONDONDERRY | NH | 03053 | N/A | GOV | 2018-19 Londonderry Math & Science Prizes Program | $3,000 |
| MAHWAH HIGH SCHOOL | |||||||
| 50 RIDGE RD | MAHWAH | NJ | 07430 | N/A | GOV | 2018-19 Kuehn Mathematics Prize & Modisett Science prize | $3,000 |
| MANCHESTER CENTRAL HIGH SCHOOL | |||||||
| 207 LOWELL ST | MANCHESTER | NH | 03104 | N/A | GOV | 2018-19 Manchester Central Math & Science Prizes Program | $3,000 |
| MASSACHUSETTS INSTITUTE OF TECHnology | |||||||
| 77 MASSACHUSETTS AVE | CAMBRIDGE | MA | 02139 | N/A | PC | Jae S. Lim Professorship Fund | $500,000 |
| MASSACHUSETTS INSTITUTE OF TECHNOLOGY | |||||||
| 600 MEMORIAL DR BLDG W98-300 | CAMBRIDGE | MA | 02139 | N/A | PC | Jae S. Lim Korea Fund | $750,000 |
| MEDFORD HIGH SCHOOL | |||||||
| 489 WINTHROP ST | MEDFORD | MA | 02155 | N/A | GOV | 2018-19 Medford Math & Science Prizes Program | $3,000 |
| METHUEN HIGH SCHOOL | |||||||
| 1 RANGER RD | METHUEN | MA | 01844 | N/A | GOV | 2018-19 Methuen Math & Science Prizes Program | $3,000 |
| MIDDLETOWN HIGH SCHOOL | |||||||
| 200 LAROSA LN | MIDDLETOWN | CT | 06457 | N/A | GOV | 2018-19 Middletown Math & Science Prizes Program | $3,000 |
| MILFORD HIGH SCHOOL | |||||||
| 31 W FOUNTAIN ST | MILFORD | MA | 01757 | N/A | GOV | 2018-19 Milford Math & Science Prizes Program | $3,000 |
| NASHUA HIGH SCHOOL SOUTH | |||||||
| 36 RIVERSIDE ST | NASHUA | NH | 03062 | N/A | GOV | 2018-19 Nashua South Math & Science Prizes Program | $3,000 |
| NORTH HAVEN HIGH SCHOOL | |||||||
| 221 ELM ST | NORTH HAVEN | CT | 06473 | N/A | GOV | 2018-19 North Haven Math & Science Prizes Program | $3,000 |
| NORWALK HIGH SCHOOL | |||||||
| 23 CALVIN MURPHY DR | NORWALK | CT | 06851 | N/A | GOV | 2018-19 Norwalk Math & Science Prizes Program | $3,000 |
| PORTSMOUTH HIGH SCHOOL | |||||||
| 50 ANDREW JARVIS DR | PORTSMOUTH | NH | 03801 | N/A | GOV | 2018-19 Portsmouth Math & Science Prizes Program | $3,000 |
| RUTLAND HIGH SCHOOL | |||||||
| 22 STRATTON RD | RUTLAND | VT | 05701 | N/A | GOV | 2018-19 Rutland Math & Science Prizes Program | $3,000 |
| SHEPHERD HILL REGIONAL HIGH SCHOOL | |||||||
| 68 DUDLEY-OXFORD RD | DUDLEY | MA | 01571 | N/A | GOV | 2018-19 Shepherd Hill Math & Science Prizes Program | $3,000 |
| SOMERVILLE HIGH SCHOOL | |||||||
| 81 HIGHLAND AVE | SOMERVILLE | MA | 02143 | N/A | GOV | 2018-19 Somerville Math & Science Prizes Program | $3,000 |
| STRATFORD HIGH SCHOOL | |||||||
| 245 KING ST | STRATFORD | CT | 06615 | N/A | GOV | 2018-19 Stratford Math & Science Prizes Program | $3,000 |
| WESTHILL HIGH SCHOOL | |||||||
| 125 ROXBURY RD | STAMFORD | CT | 06902 | N/A | GOV | 2018-19 Westhill Math & Science Prizes Program | $3,000 |
| WEYMOUTH HIGH SCHOOL | |||||||
| 1 WILDCAT WAY | SOUTH WEYMOUTH | MA | 02190 | N/A | GOV | 2018-19 Weymouth Math & Science Prizes Program | $3,000 |
| WINDSOR HIGH SCHOOL | |||||||
| 601 MATIANUCK AVE | WINDSOR | CT | 06095 | N/A | GOV | 2018-19 Windsor Math & Science Prizes Program | $3,000 |
| WOBURN HIGH SCHOOL | |||||||
| 88 MONTVALE AVE | WOBURN | MA | 01801 | N/A | GOV | 2018-19 Woburn Math & Science Prizes Program | $3,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,353,000 | 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 | $19,378 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $285,675 | 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 | $276,894 | 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 | $581,947 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $581,947 | 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 | $1,817,180 | TotalContributionsAmt |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp (8 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 1 | T. ROWE PRICE COMMUNICATIONS & TECHNOLO TTMIX, 1000 sh. | $102,420 | 2018-05-11 |
| 1 | T. ROWE PRICE COMMUNICATIONS & TECHNOLO TTMIX, 2000 sh. | $204,940 | 2018-05-14 |
| 1 | T. ROWE PRICE COMMUNICATIONS & TECHNOLO TTMIX, 2000 sh. | $212,140 | 2018-06-06 |
| 1 | T. ROWE PRICE COMMUNICATIONS & TECHNOLO TTMIX, 2000 sh. | $213,360 | 2018-06-12 |
| 1 | T. ROWE PRICE COMMUNICATIONS & TECHNOLO TTMIX, 3000 sh. | $322,980 | 2018-06-15 |
| 1 | T. ROWE PRICE COMMUNICATIONS & TECHNOLO TTMIX, 2000 sh. | $215,100 | 2018-06-21 |
| 1 | T. ROWE PRICE COMMUNICATIONS & TECHNOLO TTMIX, 3000 sh. | $327,300 | 2018-08-27 |
| 1 | T. ROWE PRICE COMMUNICATIONS & TECHNOLO TTMIX, 2000 sh. | $218,940 | 2018-08-30 |
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 | $28,852 | PriorYearDepreciationAmt |
| Computation Method | SL | ComputationMethodTxt |
| Life | 39 | LifeRt |
| Current Year Expense | $7,213 | CurrentYearExpenseAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (10 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| FIDELITY 500 INDEX FUND | $1,156,366 | $1,591,984 |
| FIDELITY EXTENDED MARKET INDEX | $1,019,884 | $1,097,208 |
| T. ROWE PRICE COMMUNICATIONS & | $54,735 | $46,815 |
| VANGUARD 500 INDEX FUND ADM | $1,667,888 | $2,247,166 |
| VANGUARD EXTENDED MARKET INDEX | $309,085 | $490,520 |
| VANGUARD SHORT-TERM BOND INDEX | $502,665 | $507,678 |
| VANGUARD SMALL CAP INDEX FD AD | $367,893 | $564,315 |
| VANGUARD TAX MANAGED CAPITAL A | $5,589,685 | $6,233,331 |
| VANGUARD TAX-MANAGED SMALL CAP | $710,091 | $852,172 |
| VANGUARD TOTAL INT ST IDX-AD | $1,831,555 | $1,704,806 |
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 | $36,065 | AccumulatedDepreciationAmt |
| Book Value | $245,255 | BookValueAmt |
| EOYFMV | $265,900 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| Administrative Fees | $58,500 | $58,500 |
| Office Supplies | $280 | $280 |
| INSURANCE PREMIUMS | $777 | $777 |
| State or Local Filing Fees | $634 | $634 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt |
|---|---|
| 990-PF Estimated Tax for 2018 | $18,100 |
| 990-PF Extension for 2017 | $7,792 |