Amazing Dreams Foundation
- Assets
- $5.1m
- Revenue
- $980.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Eatontown, NJ
- Founding
- 10/2013
- Data as of
- 12/2020
- EIN
- 46-1262419
Organization Overview
Amazing Dreams Foundation is located in Eatontown, NJ. The organization was established in 2013. According to its NTEE Classification (P19) the organization is classified as: Support N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Amazing Dreams Foundation 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 12/2020, Amazing Dreams Foundation generated $980.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.6%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anil K Monga Chairman, President & Trus | 0 | $0 | |
Rajni Bala Monga Secretary & Trustee | 0 | $0 | |
Sean Monga Treasurer & Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $950,000 |
| Interest on Savings | $30,649 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $980,649 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,834 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $30 |
| Total operating and administrative expenses | $2,864 |
| Contributions, gifts, grants paid | $1,085,000 |
| Total expenses and disbursements | $1,087,864 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,089,371 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,089,371 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Amazing Dreams Foundation has awarded $686,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DREAM AND BEAUTY CHARITABLE TRUST PURPOSE: UNRESTRICTED CHARITABLE CONTRIBUTION IN SUPPORT OF THEIR SOCIAL SERVICES PROGRAMS. | $675,000 |
AHIMSA VISHWA BHARTI FOUNDATION PURPOSE: UNRESTRICTED CHARITABLE CONTRIBUTION IN SUPPORT OF THEIR SOCIAL SERVICES PROGRAMS. | $11,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charity Navigator Saddle Brook, NJ | $11,779,343 | $14,269,364 |
Landis Communities Lititz, PA | $2,732,817 | $5,852,358 |
Nysarc - North Country Management Services Corporation Plattsburgh, NY | $2,039,526 | $5,594,006 |
Resources For Children With Special Needs Inc New York, NY | $3,831,747 | $5,410,220 |
Bhp Services Philadelphia, PA | $4,760,730 | $6,563,621 |
New York School Of Urban Ministry Inc Long Island City, NY | $4,044,090 | $3,905,565 |
Multicultural Community Resource Center Erie, PA | $2,319,348 | $1,918,528 |
Paul And Jenna Segal Family Foundation New York, NY | $20,683,944 | $6,190,686 |
Amazing Dreams Foundation Eatontown, NJ | $5,089,371 | $980,649 |
Rochester Friendly Senior Services Rochester, NY | $48,168,182 | $3,492,268 |
Abuse Network Inc Lewistown, PA | $353,158 | $1,005,541 |
Mccloskey Community Services Corp United States Catholic Conference Albany, NY | $6,921,043 | $581,848 |