Amazing Dreams Foundation
- Assets
- $929.0k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Eatontown, NJ
- Founding
- 10/2013
- Data as of
- 12/2022
- 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 12/2022, Amazing Dreams Foundation generated $1.2m 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 (4.8%) each year. All expenses for the organization totaled $3.7m during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 | $1,210,000 |
| Interest on Savings | $2,659 |
| 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 | $1,212,659 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,196 |
| Total operating and administrative expenses | $10,196 |
| Contributions, gifts, grants paid | $3,640,000 |
| Total expenses and disbursements | $3,650,196 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $928,957 |
| 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 | $928,957 |
| 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 |