Dr Rene & Daisy Lim Foundation
- Assets
- $650.8k
- Revenue
- $159.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Bell Canyon, CA
- Founding
- 09/2012
- Data as of
- 12/2022
- EIN
- 45-3089622
Organization Overview
Dr Rene & Daisy Lim Foundation is located in Bell Canyon, CA. The organization was established in 2012. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dr Rene & Daisy Lim Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Dr Rene & Daisy Lim Foundation generated $159.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $56.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Dr Rene & Daisy Lim Foundation has awarded 65 individual grants totaling $299,434. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rene A Lim MD President | 12 | $0 | |
Daisy G Lim Secretary | 12 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $150,100 |
| Interest on Savings | $56 |
| Dividends & Interest | $7,927 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,548 |
| Total Revenue | $159,631 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $31 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $7,006 |
| Contributions, gifts, grants paid | $49,642 |
| Total expenses and disbursements | $56,648 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $163,750 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $487,015 |
| Total assets | $650,765 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Dr Rene & Daisy Lim Foundation has awarded $49,642 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF SAN AGUSTIN PURPOSE: EDUCATION | $19,642 |
USTMAAA FOUNDATION PURPOSE: EDUCATION | $20,000 |
USA HIGH SCHOOL CLASS OF 1974 INC PURPOSE: EDUCATION | $1,300 |
RYAN BELISTA PURPOSE: EDUCATION | $1,000 |
BELL CANYON VOLUNTEER WILDLAND FIRE PURPOSE: DONATION | $2,500 |
LOS ANGELES MISSION PURPOSE: DONATION | $250 |