Nonprofit · EIN 85-1900982
IVY DREAM FOUNDATION INCORPORATED
Tax-exempt · SCOTCH PLAINS, NJ 07076
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $25,230 | $19,669 | $5,561 | $27,819 | $0 | $27,819 |
| December 31, 2023 | 990-EZ | $26,009 | $21,673 | $4,336 | $22,258 | – | $22,258 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Membership dues
- $3,142
- Net income from fundraising events
- $20,529
- Other revenue
- $1,559
Expenses
- Compensation of officers, directors and key employees
- $0
- Other expenses
- $19,669
- Program services (functional)
- $10,025
Balance sheet and other
- Total assets, start of year
- $22,258
- Total assets, end of year
- $27,819
- Total liabilities, end of year
- $0
- Net assets, end of year
- $27,819
- Cash, savings and investments
- $27,819
- Gross receipts
- $25,230
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Liz Nolley | President | 3 | $0 |
| Dewanna Graham | Vice President | 2 | $0 |
| Martha Nolley | Fundraising Chair | 3 | $0 |
| Shatiana Hilarski | Treasurer | 2 | $0 |
| Kimberly Racine | Financial Secretary | 2 | $0 |
| Melinda Lawson | Scholarship Chair | 2 | $0 |
| Marjorie Hargrave | Bylaws | 1 | $0 |
990-EZ for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Elizabeth Nolley Tillman | President | 3 | $0 |
| Dewanna Graham | VP | 2 | $0 |
| Shatiana Hilarski | Treasurer | 2 | $0 |
| Shellece-Jeanette Earles | Financial Secretary | 2 | $0 |
| Martha Nolley | Fundraising Chair | 3 | $0 |
| Melinda Lawson | Scholarship Chair | 2 | $0 |
| Marjorie Hargrave | Bylaws | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 463, SCOTCH PLAINS, NJ 07076-0463
- In care of
- % DEANA L LAWSON
- Signed the 990-EZ
- Elizabeth Nolley Tillman, President
- Phone
- (640) 204-5665
- Return prepared by
- ROBERT C BARNETT CPA LLC
Mission
Exclusively Charitble, Educational
Program accomplishments
- Raised and distributed funds for Charitable and Educational Projects. Provided direct and indirect financail assistance contributing to the educational goals of deserving seniors.Expenses $10,025
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 85-1900982
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Assets (IRS master file)
- $27,819
- Income (IRS master file)
- $25,230
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $25,230 | $19,669 | $27,819 | XML |
| 990-EZ | December 2023 | $26,009 | $21,673 | $22,258 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | 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 85-1900982).
Questions about IVY DREAM FOUNDATION INCORPORATED
- What is the EIN of IVY DREAM FOUNDATION INCORPORATED?
- The employer identification number (EIN) of IVY DREAM FOUNDATION INCORPORATED is 85-1900982.
- Is IVY DREAM FOUNDATION INCORPORATED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to IVY DREAM FOUNDATION INCORPORATED tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IVY DREAM FOUNDATION INCORPORATED file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of IVY DREAM FOUNDATION INCORPORATED due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did IVY DREAM FOUNDATION INCORPORATED last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of IVY DREAM FOUNDATION INCORPORATED?
- The 990-EZ for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does IVY DREAM FOUNDATION INCORPORATED have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $25,230, expenses of $19,669 and total assets of $27,819 at year end.
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