STARVIT FOUNDATION: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
STARVIT FOUNDATION (EIN 88-2409375)
Tax period
2022-05-05 to 2022-12-31
Filed
2023-11-14
IRS object ID
202313189349101826
Schema version
2022v5.0
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 ReturnHeader

FieldValueIRS element (for citing)
Return2023-11-14T08:41:14-08:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN751503978PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1HENRY & PETERS PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13304 S BROADWAY AVEAddressLine1Txt
CityTYLERCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75701ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-05-05TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN882409375EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1STARVIT FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSTARBusinessNameControlTxt
Phone3107077084PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line117816 STATE HWY 110 NAddressLine1Txt
CityLINDALECityNm
State AbbreviationTXStateAbbreviationCd
ZIP75771ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCHARLES LIMPersonNm
Person TitlePresidentPersonTitleTxt
Phone3107077084PhoneNum
Signature2023-11-14SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstCHARLESPersonFirstNm
Person LastLIMPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonGinny RaglandPreparerPersonNm
PTINP00160325PTIN
Phone9035976311PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer0TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Initial ReturnYes (X)InitialReturnInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$4,559,408FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$5,000,025ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$595InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$595InterestOnSavNetInvstIncmAmt
Total Rev And Expnss$5,000,620TotalRevAndExpnssAmt
Total Net Invst Incm$595TotalNetInvstIncmAmt
Legal Fees Rev And Expnss$4,962LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$2,481LegalFeesNetInvstIncmAmt
Legal Fees Dsbrs Chrtbl$2,481LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss$2,030AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,015AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$1,015AccountingFeesChrtblPrpsAmt
Other Expenses Rev And Expnss$84OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$42OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$42OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$7,076TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$3,538TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$3,538TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$750,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$750,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$757,076TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$3,538TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$753,538TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$4,243,544ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash EOY$4,235,546CashEOYAmt
Cash EOYFMV$4,235,546CashEOYFMVAmt
Sav And Temp Cash Invst EOY$10,028SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$10,028SavAndTempCashInvstEOYFMVAmt
Other Assets EOY$313,834OtherAssetsEOYAmt
Other Assets EOYFMV$313,834OtherAssetsEOYFMVAmt
Total Assets EOY$4,559,408TotalAssetsEOYAmt
Total Assets EOYFMV$4,559,408TotalAssetsEOYFMVAmt
Loans From Officers EOY$315,864LoansFromOfficersEOYAmt
Total Liabilities EOY$315,864TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests EOY$4,243,544NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances EOY$4,243,544TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$0TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$4,559,408TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Excess Revenue Over Expenses$4,243,544ExcessRevenueOverExpensesAmt
Subtotal$4,243,544SubtotalAmt
Tot Net Ast Or Fund Balances EOY$4,243,544TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt
Applied To ES Tax$0AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateTXOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsYes (true)NewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1ALEX LIMBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3107077084PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line110727 WILSHIRE BLVD APT 502AddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90024ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnYes (true)BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
CHARLES LIM
17816 STATE HWY 110 NLINDALETX75771President0.00$0
ELLEN PARK
1213 VALLE COURTTORRANCECA90502Secretary0.00$0
ALEXANDRA LIM
10727 WILSHIRE BLVD APT 502LOS ANGELESCA90024Treasurer0.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$2,122,661AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,122,661TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$2,122,661AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$31,840CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,090,821NetVlNoncharitableAssetsAmt
Minimum Investment Return$69,026MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$69,026MinimumInvestmentReturnAmt
Distributable Before Adj$69,026DistributableBeforeAdjAmt
Distributable Before Ded$69,026DistributableBeforeDedAmt
Distributable As Adjusted$69,026DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$753,538ExpensesAndContributionsAmt
Qualifying Distributions$753,538QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$69,026DistributableAsAdjustedAmt
Qualifying Distributions$753,538QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$69,026AppliedToCurrentYearAmt
Remaining Distri From Corpus$684,512RemainingDistriFromCorpusAmt
Total Corpus$684,512TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$684,512ExcessDistriCyovToNextYrAmt
Excess From Current Year$684,512ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerCHARLES LIMContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

FieldValueIRS element (for citing)
Recipient PersonTRUST BRIDGE GLOBAL FOUNDATIONRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line11901 ULMERTON RD 400AddressLine1Txt
CityCLEARWATERCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33762ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipUNRELATEDRecipientRelationshipTxt
Recipient Foundation StatusCHURCHRecipientFoundationStatusTxt
Grant Or Contribution PurposeRELIGIOUSGrantOrContributionPurposeTxt
Amt$750,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$750,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$595ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$595ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$595TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonCHARLES LIMContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line117816 STATE HWY 110 NAddressLine1Txt
CityLINDALECityNm
State AbbreviationTXStateAbbreviationCd
ZIP75771ZIPCd
FieldValueIRS element (for citing)
Total Contributions$5,000,025TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTINGCategoryTxt
Amt$2,030Amt
Net Investment Income$1,015NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$1,015DisbursementsCharitablePrpsAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLEGALCategoryTxt
Legal Fees$4,962LegalFeesAmt
Net Investment Income$2,481NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$2,481DisbursementsCharitablePrpsAmt

Loans From Officers Schedule LoansFromOfficersSchedule

Loans From Officer LoansFromOfficerGrp

FieldValueIRS element (for citing)
Lender PersonCHARLES LIMLenderPersonNm
TitlePRESIDENTTitleTxt
Loan Original$315,864LoanOriginalAmt
Balance Due$315,864BalanceDueAmt
Note2022-01NoteDt
Loan Maturity2022-12LoanMaturityDt
Repayment TermsEXPENSES TO BE REIMBURSEDRepaymentTermsTxt
Security Provided BorrowerN/ASecurityProvidedBorrowerTxt
Loan PurposePMT OF FOUNDATION EXPENSESLoanPurposeTxt
Lender ConsiderationCASHLenderConsiderationDesc
Consideration FMV$315,864ConsiderationFMVAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescCONSTRUCTION IN PROCESSDesc
EOY Book Value$313,834EOYBookValueAmt
EOYFMV$313,834EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescSOFTWAREDesc
Revenue And Expenses Per Books$84RevenueAndExpensesPerBooksAmt
Net Investment Income$42NetInvestmentIncomeAmt
Disbursements Charitable Prps$42DisbursementsCharitablePrpsAmt

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

FieldValueIRS element (for citing)
PersonCHARLES LIMPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line117816 STATE HWY 110 NAddressLine1Txt
CityLINDALECityNm
State AbbreviationTXStateAbbreviationCd
ZIP75771ZIPCd

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