RIM FAMILY FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization: RIM FAMILY FOUNDATION (EIN 46-4333400)
Tax period: 2023-01-01 to 2023-12-31
Filed: 2024-08-22
IRS object ID: 202402359349100705
Schema version: 2023v5.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-PF
Other Assets Schedule
Other Expenses Schedule
Other Increases Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2024-08-22T10:38:48-04:00	ReturnTs
Tax Period End	2023-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	330683620	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	CHARLES RIM ACCOUNTANCY CORP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	26314 WESTERN AVE STE 200	AddressLine1Txt
City	LOMITA	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	90717	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2023-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	464333400	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RIM FAMILY FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	RIMF	BusinessNameControlTxt
Phone	3105392460	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	26314 WESTERN AVENUE RM/STE 200	AddressLine1Txt
City	LOMITA	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	90717	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	SOON K RIM	PersonNm
Person Title	PRESIDENT	PersonTitleTxt
Phone	3105392460	PhoneNum
Signature	2024-08-21	SignatureDt

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	false	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	CHARLES A RIM	PreparerPersonNm
PTIN	P00045438	PTIN
Phone	3105392460	PhoneNum
Preparation	2024-08-22	PreparationDt

Field	Value	IRS element (for citing)
Tax	2023	TaxYr
Build TS	2024-08-08 14:25:15Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$221,355	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss	$34,104	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$34,104	InterestOnSavNetInvstIncmAmt
Total Rev And Expnss	$34,104	TotalRevAndExpnssAmt
Total Net Invst Incm	$34,104	TotalNetInvstIncmAmt
Other Expenses Rev And Expnss	$36,745	OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss	$36,745	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$60,000	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$60,000	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$96,745	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$60,000	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$62,641	ExcessRevenueOverExpensesAmt
Net Investment Income	$34,104	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Sav And Temp Cash Invst BOY	$211,236	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$221,355	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$221,355	SavAndTempCashInvstEOYFMVAmt
Other Assets BOY	$650,057	OtherAssetsBOYAmt
Other Assets EOY	$586,127	OtherAssetsEOYAmt
Total Assets BOY	$861,293	TotalAssetsBOYAmt
Total Assets EOY	$807,482	TotalAssetsEOYAmt
Total Assets EOYFMV	$221,355	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY	$861,293	NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY	$807,482	NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY	$861,293	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$807,482	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$861,293	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$807,482	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$861,293	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$62,641	ExcessRevenueOverExpensesAmt
Other Increases	$8,830	OtherIncreasesAmt
Subtotal	$807,482	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$807,482	TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$474	InvestmentIncomeExciseTaxAmt
Subtotal	$474	SubtotalAmt
Tax Based On Investment Income	$474	TaxBasedOnInvestmentIncomeAmt
Tax Due	$474	TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

Field	Value	IRS element (for citing)
Business Name Line1	CHARLES RIM	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	3105392460	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	26314 WESTERN AVENUE 200	AddressLine1Txt
City	LOMITA	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	90717	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	Yes (true)	GrantsToIndividualsInd
Grants To Organizations	Yes (true)	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Transactions Fail To Qlfy As Exc	false	TransactionsFailToQlfyAsExcInd
Maintained Expenditure Rspns	false	MaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
SOON K RIM
26314 WESTERN AVE SUITE 200	LOMITA	CA	90717	PRESIDENT	2.00	$0	$0	$0
JOHN RIM
125 RIZAL DRIVE	HILLSBOROUGH	CA	94010	SECRETARY	2.00	$0	$0	$0
CHARLES A RIM
26314 WESTERN AVENUE SUITE 200	LOMITA	CA	90717	C.F.O.	2.00	$0	$0	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$610,742	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$216,513	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$827,255	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$827,255	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$12,409	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$814,846	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$40,742	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$40,742	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$474	TaxBasedOnInvestmentIncomeAmt
Total Tax	$474	TotalTaxAmt
Distributable Before Adj	$40,268	DistributableBeforeAdjAmt
Distributable Before Ded	$40,268	DistributableBeforeDedAmt
Distributable As Adjusted	$40,268	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$60,000	ExpensesAndContributionsAmt
Qualifying Distributions	$60,000	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$40,268	DistributableAsAdjustedAmt
Undistributed Income PY	$54,713	UndistributedIncomePYAmt
Qualifying Distributions	$60,000	QualifyingDistributionsAmt
Applied To Year1	$54,713	AppliedToYear1Amt
Applied To Current Year	$5,287	AppliedToCurrentYearAmt
Undistributed Income CY	$34,981	UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Application Submission Info ApplicationSubmissionInfoGrp

Field	Value	IRS element (for citing)
Recipient Person	JOHN RIM	RecipientPersonNm

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	RIM FAMILY FOUNDATION	AddressLine1Txt
Address Line2	26314 WESTERN AVE 200	AddressLine2Txt
City	LOMITA	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	90717	ZIPCd

Field	Value	IRS element (for citing)
Recipient Phone	3105392460	RecipientPhoneNum
Recipient Email Address	JOHNRIM@YAHOO.COM	RecipientEmailAddressTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
EWHA UNIVERSITY
475 RIVERSIDE DR 1505	NEW YORK	NY	10115	NONE	EXEMPT	SCHOLARSHIP GRANTED	$40,000
103 SAINT KOREAN CATHOLIC CHURCH
2701 W 237TH ST	TORRANCE	CA	90505	NONE	EXEMPR ORG	SCHOLARSHIP GRANTED	$20,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$60,000	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	$34,104	RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	$34,104	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$34,104	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

Field	Value	IRS element (for citing)
Desc	INVESTMENTS IN MONEY MARKET	Desc
BOY Book Value	$650,057	BOYBookValueAmt
EOY Book Value	$586,127	EOYBookValueAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
FILING FEES	$25
INSURANCE	$36,720

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

Field	Value	IRS element (for citing)
Desc	UNREALIZED GAIN	Desc
Amt	$8,830	Amt

RIM FAMILY FOUNDATION: Form 990PF, tax year 2023

Return header ReturnHeader

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Preparer US Address PreparerUSAddress

Filer Filer

Business Name BusinessName

US Address USAddress

Business Officer BusinessOfficerGrp

Preparer Person PreparerPersonGrp

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Statements Regarding Acty StatementsRegardingActyGrp

Persons With Books Name PersonsWithBooksName

Location Of Books US Address LocationOfBooksUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

Distributable Amount DistributableAmountGrp

PF Qualifying Distributions PFQualifyingDistributionsGrp

Undistributed Income UndistributedIncomeGrp

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

Recipient US Address RecipientUSAddress

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

Comments