Lims Dream Foundation
- Assets
- $2.2m
- Revenue
- $48.0k
- Investments
- $2.1m
- Employees
- 0
- Location
- Rancho Palos Verdes, CA
- Founding
- 03/2011
- Data as of
- 12/2021
- EIN
- 27-6662545
Organization Overview
Lims Dream Foundation is located in Rancho Palos Verdes, CA. The organization was established in 2011. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lims Dream 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 12/2021, Lims Dream Foundation generated $48.0k 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 (31.9%) each year. All expenses for the organization totaled $32.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lims Dream Foundation has awarded 21 individual grants totaling $245,432. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILDREN SUPPORT
VETERINARY SUPPORT
CHURCH DONATION
VETERINARY SUPPORT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sang Rock Lim Trustor | 0 | $18,067 | |
Boung Soon Lim Trustor | 0 | $0 | |
Rae Kyu Jeong Trustee | 0 | $0 | |
Jee Sook Lim Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| 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 | $48,023 |
| Total Revenue | $48,023 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $18,067 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $95 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $408 |
| Total operating and administrative expenses | $19,195 |
| Contributions, gifts, grants paid | $13,216 |
| Total expenses and disbursements | $32,411 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,666 |
| 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 | $2,109,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,181,666 |
| 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 | $32,000 |
| Total liabilities | $32,000 |
Grants Awarded
Over the last fiscal year, Lims Dream Foundation has awarded $13,216 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
EWHA INTERNATIONAL FOUNDATION PURPOSE: CHARITABLE CONTRIBUTION | $12,566 |
SHALOM CHURCH OF SOUTHERN CA PURPOSE: CHARITABLE CONTRIBUTION | $650 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Andre Agassi Foundation For Education Las Vegas, NV | $0 | $4,556,669 |
Give Foundation Inc San Ramon, CA | $1,969,969 | $6,365,331 |
Humangood Foundation West Duarte, CA | $80,965,021 | $8,515,405 |
Southeastern Arizona Community Action Program Inc Safford, AZ | $455,386 | $2,811,093 |
Leoa Foundation Loomis, CA | $6,988 | $2,417,315 |
Stater Bros Charities San Bernardino, CA | $4,078,783 | $4,166,835 |
Another Round Another Rally Phoenix, AZ | $1,059,733 | $1,710,638 |
Foster Family Charitable Foundation Stockton, CA | $29,209,891 | $2,797,877 |
Southern Oregon Friends Of Hospice Medford, OR | $5,540,085 | $3,156,686 |
Phoenix Suns Charities Inc Phoenix, AZ | $1,755,436 | $2,395,370 |
Anderson Childrens Foundation Palm Springs, CA | $0 | $1,560,635 |
The Arc Foundation Of Ventura County Inc Ventura, CA | $21,834,974 | $1,854,879 |