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Nonprofit · EIN 68-0316386

LIM FOUNDATION ASSETS FUND INC

Tax-exempt · SACRAMENTO, CA 95818

Financials

$15K$26K2021$13K$17K2022$16K$17K2023$16K$29K2024
Revenue Expenses · by fiscal year end
Financials of LIM FOUNDATION ASSETS FUND INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990-EZ$16,097$28,639-$12,542$244,150$0$244,150
June 30, 2024990-EZ$16,257$17,059-$802$232,022$0$232,022
June 30, 2023990-EZ$13,490$16,639-$3,149$199,518$0$199,518
June 30, 2022990-EZ$14,997$25,502-$10,505$183,437$0$183,437
Financial details: 990-EZ for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$2,851
Investment income
$13,246

Expenses

Grants and similar amounts paid
$1,210
Compensation of officers, directors and key employees
$0
Occupancy
$15,404
Other expenses
$12,025
Program services (functional)
$1,210

Balance sheet and other

Total assets, start of year
$232,022
Total assets, end of year
$244,150
Total liabilities, end of year
$0
Net assets, end of year
$244,150
Cash, savings and investments
$193,451
Land and buildings
$50,699
Gross receipts
$16,097

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-EZ for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
HON LAMPRESIDENT2$0
MARCUS LAMVICE PRESIDENT2$0
ART LIMSECRETARY1$0
SHEW LIMCHINESE SECRETARY1$0
HANG LEMTREASURER1$0
HENRY LIMDIRECTOR1$0
990-EZ for the year ended June 30, 2024: 6 people
NameTitleHours / weekCompensation
HON LEMPRESIDENT2$0
MARCUS LAMVICE PRESIDENT2$0
ART LIMSECRETARY1$0
SHEW LIMCHINESE SECRETARY1$0
HANG LEMTREASURER1$0
HENRY LIMDIRECTOR1$0
990-EZ for the year ended June 30, 2023: 6 people
NameTitleHours / weekCompensation
HON LEMPRESIDENT2$0
MARCUS LAMVICE PRESIDENT2$0
ART LIMSECRETARY1$0
SHEW LIMCHINESE SECRETARY1$0
HANG LEMTREASURER1$0
HENRY LIMDIRECTOR1$0
990-EZ for the year ended June 30, 2022: 6 people
NameTitleHours / weekCompensation
HON LAMPRESIDENT2$0
MARCUS LAMVICE PRESIDENT2$0
ART LIMSECRETARY1$0
SHEW LIMCHINESE SECRETARY1$0
HANG LEMTREASURER1$0
HENRY LIMDIRECTOR1$0

Address and contacts

Address (IRS master file)
2101 9TH ST, SACRAMENTO, CA 95818-1307
In care of
% HANG LEM
Signed the 990-EZ
HANG LEM, TREASURER

California records

California keeps its own records of charities and corporations. Search them by EIN 68-0316386 or by the name LIM FOUNDATION ASSETS FUND INC.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

Mission

PROMOTE HEALTH/SOCIAL/CULTURAL NEEDS IN COMMUNITY

990-EZ for the year ended June 30, 2025

Program accomplishments

  • PROMOTE HEALTH/SOCIAL/CULTURAL NEEDS IN COMMUNITY
    Expenses $1,210

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990-EZ on file
2023June 30, 2024November 15, 2024990-EZ on file

File the 2025 990-N for LIM FOUNDATION ASSETS FUND INC

Due November 16, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
68-0316386
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization (509(a)(3))
Donations deductible (Pub 78)
Supporting organization of unknown type
Exempt since
1995
Accounting year ends
June
Files
Form 990-N (e-Postcard)
Assets (IRS master file)
$244,150
Income (IRS master file)
$16,097

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZJune 2025$16,097$28,639$244,150IRS
990-EZJune 2024$16,257$17,059$232,022IRS
990-EZJune 2023$13,490$16,639$199,518XML
990-EZJune 2022$14,997$25,502$183,437XML

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 68-0316386).

Questions about LIM FOUNDATION ASSETS FUND INC

What is the EIN of LIM FOUNDATION ASSETS FUND INC?
The employer identification number (EIN) of LIM FOUNDATION ASSETS FUND INC is 68-0316386.
Is LIM FOUNDATION ASSETS FUND INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
Are donations to LIM FOUNDATION ASSETS FUND INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
Which annual return does LIM FOUNDATION ASSETS FUND INC file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of LIM FOUNDATION ASSETS FUND INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did LIM FOUNDATION ASSETS FUND INC last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended June 2025.
Who are the officers and directors of LIM FOUNDATION ASSETS FUND INC?
The 990-EZ for the year ended June 30, 2025 lists 6 people; 0 received compensation from the organization.
How much revenue does LIM FOUNDATION ASSETS FUND INC have?
On its 990-EZ for the year ended June 30, 2025 it reported revenue of $16,097, expenses of $28,639 and total assets of $244,150 at year end.

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