Nonprofit · EIN 81-1540774
THE NEW AMERICAN DREAM FOUNDATION INC
Tax-exempt · DANBURY, CT 06810
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $190,160 | $263,572 | -$73,412 | $124,287 | $1,696 | $122,591 |
| December 31, 2024 | 990 | $242,489 | $207,043 | $35,446 | $199,916 | $3,913 | $196,003 |
| December 31, 2023 | 990 | $230,817 | $186,535 | $44,282 | $163,623 | $3,066 | $160,557 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $190,113
- Program service revenue
- $0
- Investment income
- $47
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $64,108
- Salaries, compensation and benefits (total)
- $70,029
- Professional fundraising fees
- $0
- Legal fees
- $846
- Accounting fees
- $5,074
- Occupancy
- $1,072
- Travel
- $134
- Program services (functional)
- $263,572
Balance sheet and other
- Total assets, start of year
- $199,916
- Total assets, end of year
- $124,287
- Total liabilities, end of year
- $1,696
- Net assets, end of year
- $122,591
- Land, buildings and equipment
- $1,816
- Gross receipts
- $190,160
- Employees
- 2
- Year formed
- 2016
- State of legal domicile
- CT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CELIA BACELAR PALMARES | PRESIDENT Officer | 5 | $0 |
| EMANUELA PALMARES | VICE PRESIDENT Officer | 5 | $0 |
| GENILSON PALMARES | TREASURER/SECRETARY Officer | 5 | $0 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CELIA BACELAR PALMARES | PRESIDENT Officer | 5 | $0 |
| EMANUELA PALMARES | VICE PRESIDENT Officer | 5 | $0 |
| GENILSON PALMARES | TREASURER/SECRETARY Officer | 5 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CELIA BACELAR PALMARES | PRESIDENT Officer | 5 | $0 |
| EMANUELA PALMARES | VICE PRESIDENT Officer | 5 | $0 |
| GENILSON PALMARES | TREASURER/SECRETARY Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 57 NORTH STREET, DANBURY, CT 06810-5660
- In care of
- % GMC BUSINESS SERVICE
- Principal officer (990 for 2025)
- CELLIA BACELAR PALMARES, 57 NORTH ST, DANBURY, CT 06810
- Signed the 990
- CELIA PALMARES, PRESIDENT
- Phone
- (203) 730-0457
- Return prepared by
- HRB TAX GROUP INC
Mission
TO PROVIDE SCHOLARSHIPS AND FINANCIAL INCENTIVES FOR STUDENTS, AND LOCAL NON PROFIT ORGANIZATIONS THAT SHARE IN THE CORE AMERICAN VALUES OF EQUAL OPPORTUNITIES THAT ENHANCE ACCESS TO EDUCATION, HEALTH AND CIVIC ENGAGEMENT.
Program accomplishments
- see pdf attachment = PROGRAM SERVICE ACCOMPLISHMENTSExpenses $263,572 · revenue $190,113
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 81-1540774
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T50)
- Assets (IRS master file)
- $124,287
- Income (IRS master file)
- $190,160
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $190,160 | $263,572 | $124,287 | XML |
| 990 | December 2024 | $242,489 | $207,043 | $199,916 | XML |
| 990 | December 2023 | $230,817 | $186,535 | $163,623 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 81-1540774).
Questions about THE NEW AMERICAN DREAM FOUNDATION INC
- What is the EIN of THE NEW AMERICAN DREAM FOUNDATION INC?
- The employer identification number (EIN) of THE NEW AMERICAN DREAM FOUNDATION INC is 81-1540774.
- Is THE NEW AMERICAN DREAM FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to THE NEW AMERICAN DREAM FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE NEW AMERICAN DREAM FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE NEW AMERICAN DREAM FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE NEW AMERICAN DREAM FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of THE NEW AMERICAN DREAM FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names CELLIA BACELAR PALMARES.
- Who are the officers and directors of THE NEW AMERICAN DREAM FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does THE NEW AMERICAN DREAM FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $190,160, expenses of $263,572 and total assets of $124,287 at year end.
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