Lim Foundation Assets Fund Inc in Sacramento, California (CA)
Table of contents:
| Lim Foundation Assets Fund Inc | |
| Employer Identification Number (EIN) | 680316386 |
| Name of Organization | Lim Foundation Assets Fund Inc |
| Address | 2101 9th St, Sacramento, CA 95818-1307 |
| Activities | Non financial services of facilities to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 01/1995 |
| Deductibility | Contributions are deductible |
| Foundation | Organizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2014 |
| Assets | $25,000 to $99,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $91,929 |
| Amount of Income | $11,356 |
| Form 990 Revenue Amount | $6,563 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Nonprofit Management |
Non-representatives - add comments:
Amount of income in 2014: $11,356 (it was $9,668 in 2013)
| Lim Foundation Assets Fund Inc: | $11,356 |
| Other organizations performing similar types of work: | $353,122 |
Assets in 2014: $91,929 (it was $94,221 in 2013)
| Lim Foundation Assets Fund Inc: | $91,929 |
| Other organizations performing similar types of work: | $375,572 |
Expenses in 2013: $6,678
| This organization: | $6,678 |
| Other organizations performing similar types of work: | $216,009 |
Income to expenses ratio in 2013: 1.7
| Lim Foundation Assets Fund Inc: | 1.7 |
| Other organizations performing similar types of work: | 2.0 |
Grants share in income in 2013: 0.0%
| Lim Foundation Assets Fund Inc: | 0.0% |
| Other organizations performing similar types of work: | 28.5% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $6,176 | $9,567 | $9,668 |
| Contributions, gifts, grants, and similar amounts received | $0 | $0 | $0 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $5,381 | $11,660 | $4,957 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $795 | $-2,093 | $4,711 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $6,223 | $3,835 | $11,632 |
| Less: direct expenses from gaming and fundraising events | $5,428 | $5,928 | $6,921 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $15,786 | $10,635 | $6,678 |
| Total net assets | $92,299 | $91,231 | $94,221 |
| Excess/Deficit for the year | $-9,610 | $-1,068 | $2,990 |
| Net assets or fund balances at beginning of year | $101,909 | $92,299 | $91,231 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $91,231 | $94,221 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $92,299 | $91,231 | $94,221 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $92,299 | $91,231 | $94,221 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2) |
| Number of organizations supported | 1 |
| Sum of amounts of support | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Horizons Foundation | Suite 700, San Francisco, CA 94111 | CA | 1981-03 | $7,760,493 |
| 2 | Race Forward | 900 Alice St Ste 400, Oakland, CA 94607-4481 | CA | 1981-09 | $2,757,188 |
| 3 | Jacobs Center For Neighborhood Innovation | Innovation 404 Euclid Avenue, San Diego, CA 92112 | CA | 1996-03 | $2,585,993 |
| 4 | Southern California Center For Nonprofit Management | 1000 N Alameda St Ste 250, Los Angeles, CA 90012-1804 | CA | 1979-05 | $1,724,450 |
| 5 | Natural High | 6310 Greenwich Dr Ste 145, San Diego, CA 92122-5944 | CA | 1997-08 | $1,053,477 |
| 6 | Brewster West Foundation, Johnson Barbara Brewster Etal Ttees | 57 Post St Ste 503, San Francisco, CA 94104-5020 | CA | 1995-03 | $903,806 |
| 7 | Community Conscience | Box110, Thousand Oaks, CA 91319 | CA | 1983-01 | $378,865 |
| 8 | Catalina Island Medical Center Foundation Inc | PO BOX 524, Avalon, CA 90704-0524 | CA | 1995-09 | $158,299 |
| 9 | Playhouse In San Anselmo | 27 Kensington Rd, San Anselmo, CA 94960-2904 | CA | 1997-02 | $84,223 |
| 10 | Wittmann School Education Foundation Inc | 16801 Yvette Ave, Cerritos, CA 90703-1245 | CA | 1995-11 | $77,098 |
| 11 | Carrying Capacity Network Inc | PO BOX 457, San Francisco, CA 94104-0457 | CA | 1989-09 | $63,795 |
| 12 | Free At Last Properties, F A L Properties | 1796 Bay Rd, E Palo Alto, CA 94303-1611 | CA | 1996-03 | $1,645 |
| 13 | Antioch Human Resources Center Corporation | 301 W 10th St Ste 1, Antioch, CA 94509-1764 | CA | 1998-03 | $0 |
| 14 | Center For Non-Partisan Public Policy Development | 926 J St Ste 1015, Sacramento, CA 95814-2769 | CA | 1998-03 | $0 |
| 15 | Hallmark Opportunities For Progressive Education, H O P E | 7075 E Hurlbut Ave, Sebastopol, CA 95472-2667 | CA | 1997-02 | $0 |
| 16 | Hds Real Estate Corporation | 3443 Pacific View Dr, Corona Dl Mar, CA 92625-1111 | CA | 1995-09 | $0 |
| 17 | Outreach Needs Effort | 1766 Sand Hill Rd Apt 308, Palo Alto, CA 94304-2121 | CA | 1997-06 | $0 |
| 18 | Tumandok | 401 Carroll St, Sunnyvale, CA 94086 | CA | 1994-01 | $0 |
| 19 | Tuolumne Association Inc | 2909 Coffee Rd Suite 11, Modesto, CA 95355-1751 | CA | 1993-02 | $0 |
| 20 | William Eduard Faber Foundation | 600 Galveston Dr, Redwood City, CA 94063-4721 | CA | 1995-08 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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