Impossible Dream Inc
- Assets
- $83.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Warwick, RI
- Founding
- 05/1983
- Data as of
- 12/2022
- EIN
- 05-0400340
Organization Overview
Impossible Dream Inc is located in Warwick, RI. The organization was established in 1983. According to its NTEE Classification (E86) the organization is classified as: Patient & Family Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Impossible Dream Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Impossible Dream Inc generated $138.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $158.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
AID TO CHRONICALLY ILL AND DISABLED CHILDREN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Florio Penza Executive Director | 40 | $43,563 | |
Jean Winter Mcgowan President | 2 | $0 | |
Rosemarie Fontaine Vice President | 2 | $0 | |
Helen Lilly Secretary | 2 | $0 | |
Lynn Kilkenny Treasurer | 2 | $0 | |
John Mcgowan Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $136,665 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $958 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $354 |
| Total Revenue | $137,977 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $66,980 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $36,591 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $55,249 |
| Total expenses | $158,820 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $67,617 |
| Other assets | $0 |
| Total assets | $83,016 |
| Total liabilities | $54,187 |
| Net assets or fund balances | $28,829 |