Lim Foundation - 1
- Assets
- $48.6k
- Revenue
- $42.7k
- Investments
- $0.0
- Employees
- 0
- Location
- La Canada, CA
- Founding
- 06/2015
- Data as of
- 06/2024
- EIN
- 47-1482965
Organization Overview
Lim Foundation - 1 is located in La Canada, CA. The organization was established in 2015. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lim Foundation - 1 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 06/2024, Lim Foundation - 1 generated $42.7k 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 (6.8%) each year. All expenses for the organization totaled $27.4k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (9.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Lim Foundation - 1 has awarded 36 individual grants totaling $338,770. 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 |
|---|---|---|---|
Yoon T Lim President | 0 | $0 | |
Heeje Lim Secretary | 0 | $0 | |
Carol Lim Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $42,700 |
| 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 | $0 |
| Total Revenue | $42,700 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50 |
| Total operating and administrative expenses | $700 |
| Contributions, gifts, grants paid | $26,680 |
| Total expenses and disbursements | $27,380 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,647 |
| 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 | $0 |
| Total assets | $48,647 |
| 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, Lim Foundation - 1 has awarded $26,680 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
KOREAN CAMPUS CRSADE FOR CHRIST PURPOSE: RELIGIOUS | $3,500 |
LA HANMI CHURCH PURPOSE: RELIGIOUS | $9,390 |
VOWE 37 PURPOSE: RELIOUS | $1,000 |
OTHER MISSIONARIES PURPOSE: RELIGIOUS | $12,790 |