THE LIMEN FOUNDATION INC

EIN: 993605931 501(c)(3)

NEW YORK, NY

Total Revenue
$250,000
Total Expenses
$16,500
Total Assets
$233,500
Net Assets
$233,500
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2024
Legal Domicile
NY
Principal Officer
NAIM BULBULIA
Phone
8607850762
Tax Period
2024-01-01 to 2024-12-31

THE LIMEN FOUNDATION INC, founded in 2024, is a small nonprofit that reported $250K in total revenue in fiscal year 2024. The organization ran a surplus of $234K, a strong 93% operating margin.

Mission

NONE

Program Service Accomplishments

Program 1
Expenses: $16,500

LIMEN INITIATED RENOVATIONS OF ITS PRESENTING FACILITIES AS PART OF LAUNCHING ITS NONPROFIT PROGRAMMING. THESE RENOVATIONS ARE ESSENTIAL TO CREATING ACCESSIBLE, FUNCTIONAL SPACES FOR FUTURE...

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LIMEN INITIATED RENOVATIONS OF ITS PRESENTING FACILITIES AS PART OF LAUNCHING ITS NONPROFIT PROGRAMMING. THESE RENOVATIONS ARE ESSENTIAL TO CREATING ACCESSIBLE, FUNCTIONAL SPACES FOR FUTURE COMMUNITY-BASED ARTS PROGRAMMING, INCLUDING PERFORMANCES, LISTENING SESSIONS, CULINARY AND WELLNESS EXPERIENCES, AND ADMINISTRATIVE OPERATIONS. THIS WORK LAYS THE FOUNDATION FOR LIMEN'S MISSION TO SUPPORT CULTURAL ENRICHMENT AND CIVIC ENGAGEMENT THROUGH THE ARTS AND GASTRONOMY. RENOVATION ACTIVITIES INCLUDED FACILITY ASSESSMENTS, INITIAL DESIGN AND CONSTRUCTION WORK, AND COMPLIANCE PLANNING TO MEET PUBLIC ACCESSIBILITY AND SAFETY STANDARDS.TO SUPPORT THIS INITIATIVE, LIMEN COLLECTED $250,000 IN REVENUE FROM A RELATED PARTY. THESE FUNDS WERE USED TO COVER INITIAL COSTS ASSOCIATED WITH THE RENOVATION AND TO BEGIN ESTABLISHING INFRASTRUCTURE NEEDED FOR PUBLIC PROGRAMMING AND NONPROFIT OPERATIONS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $250,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $250,000

Expense Breakdown

Grants Paid $16,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $16,500
Other Expenses $0
TOTAL EXPENSES $16,500

Year-over-Year Comparison

2024 2023 Change
Revenue $250,000 N/A N/A
Expenses $16,500 N/A N/A
Net Income $233,500 N/A N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
20

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ARANI BOSE DIRECTOR 1.00
Director
$0 $0 $0
SHUMITA BOSE DIRECTOR 1.00
Director
$0 $0 $0
NAIM BULBULIA DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $250,000 $16,500 $233,500 $233,500
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