Jae S Lim Foundation
- Assets
- $20.4m
- Revenue
- $696.9k
- Investments
- $17.4m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 06/2011
- Data as of
- 12/2022
- EIN
- 27-2910858
Organization Overview
Jae S Lim Foundation is located in Wilmington, DE. The organization was established in 2011. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Jae S 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, Jae S Lim Foundation generated $696.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (19.1%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Jae S Lim Foundation has awarded 258 individual grants totaling $5,357,400. 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 |
|---|---|---|---|
Jae S Lim Dir | 1 | $0 | |
Taeho Lim Sec, Dir, Pres | 32 | $95,667 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $242,222 |
| Interest on Savings | $54,970 |
| Dividends & Interest | $420,474 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$20,809 |
| Capital Gain Net Income | $98,507 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $696,857 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $95,667 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $20,627 |
| Interest | $0 |
| Taxes | $14,672 |
| Depreciation | $7,213 |
| Occupancy | $17,018 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $77,976 |
| Total operating and administrative expenses | $233,173 |
| Contributions, gifts, grants paid | $903,400 |
| Total expenses and disbursements | $1,136,573 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,835,448 |
| 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 | $216,403 |
| Other assets | $0 |
| Total assets | $20,433,930 |
| 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 | $2,464 |
| Total liabilities | $2,464 |
Grants Awarded
Over the last fiscal year, Jae S Lim Foundation has awarded $903,400 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
AGAWAM HIGH SCHOOL PURPOSE: 2022-23 AGAWAM MATH & SCIENCE PRIZES PROGRAM | $3,000 |
ARLINGTON EATS INC PURPOSE: TO PURCHASE FOOD | $5,000 |
BANGOR HIGH SCHOOL PURPOSE: 2022-23 BANGOR MATH & SCIENCE PRIZES PROGRAM | $3,000 |
ATTLEBORO HIGH SCHOOL PURPOSE: 2022-23 ATTLEBORO MATH & SCIENCE PRIZES PROGRAM | $3,000 |
BRISTOL CENTRAL HIGH SCHOOL PURPOSE: 2022-23 BRISTOL CENTRAL MATH & SCIENCE PRIZES PROGRAM | $3,000 |
BARNSTABLE HIGH SCHOOL PURPOSE: 2022-23 BARNSTABLE MATH & SCIENCE PRIZES PROGRAM | $3,000 |