2024-11-01T11:33:41-05:00 2023-12-31 872525370 CITRIN COOPERMAN ADVISORS LLC 50 ROCKEFELLER PLAZA NEW YORK NY 10020 990 2023-01-01 800969365 THE IMPOSSIBLE DREAM INC C/O MELLEN INC IMPO 2128320400 50 WEST 47TH ST STE 2113 NEW YORK NY 10036 DEBORAH MELLEN CHAIRWOMAN 2128320400 2024-10-30 1 1 MEYER MINTZ P00748249 5169313100 2024-10-29 2023 2024-10-15 13:58:12Z DEBORAH MELLEN 50 WEST 47TH ST STE 2113 NEW YORK NY 10036 591264 0 X WWW.THEIMPOSSIBLEDREAM.ORG X 2014 NY TO UTILIZE IMPOSSIBLE DREAM, A UNIVERSALLY ACCESSIBLE 60' CATAMARAN, TO ENGAGE GLOBAL COMMUNITY AND INSPIRE PEOPLE WITH DISABILITIES, ETC. IMPROVE THEIR INDEPENDENCE AND QUALITY OF LIFE. 5 5 0 0 0 0 285471 541388 0 0 0 44501 0 0 285471 585889 0 0 0 0 82800 55200 0 0 0 178008 376346 260808 431546 24663 154343 243331 368638 193801 209337 49530 159301 TO UTILIZE IMPOSSIBLE DREAM, A UNIVERSALLY ACCESSIBLE 60' CATAMARAN, TO ENGAGE THE GLOBAL COMMUNITY AND INSPIRE PEOPLE WITH DISABILITIES, WOUNDED SOLDIERS, DISADVANTAGED YOUTH, AND THEIR FAMILIES TO IMPROVE THEIR INDEPENDENCE AND QUALITY OF LIFE. 0 0 431546 TAKING PEOPLE WITH DISABILITIES, WOUNDED SOLDIERS, AND DISADVANTAGED YOUTH SAILING ABOARD THE UNIVERSALLY ACCESSIBLE CATAMARAN.IMPOSSIBLE DREAM RECEIVED APPROXIMATELY $ 35,000 OF IN-KIND DOCKING DURING 2023. 431546 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 10 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 1 0 1 0 0 0 1 1 1 1 0 0 1 1 0 FL X X DEBORAH MELLEN 2123362041 2000 BROADWAY APT 15C NEW YORK NY 10023 DEBORAH MELLEN CHAIRWOMAN/CEO 50.00 X X 0 0 0 HARRY HORGAN TREASURER 50.00 X X 0 0 0 DAVID MCCAULEY BOARD MEMBER 1.00 X 0 0 0 ALAN BROWN BOARD MEMBER 1.00 X 0 0 0 WILLIAM REY BOARD MEMBER 1.00 X 55200 0 0 55200 0 0 0 0 0 0 0 541388 49946 541388 49876 5375 44501 44501 44501 585889 44501 0 0 X 55200 55200 19800 19800 85816 85816 18600 18600 57791 57791 16790 16790 OPERATING EXPENSE 68721 68721 OTHER EXPENSES 58858 58858 YACHT SERVICES 49800 49800 GAS EXPENSE 170 170 431546 431546 0 0 191629 141315 764733 537410 51702 227323 243331 368638 1401 16937 192400 192400 193801 209337 X 0 0 200000 200000 -150470 -40699 49530 159301 243331 368638 X 154343 -44572 X 0 0 0 X 187873 203367 142108 282471 541388 1357207 187873 203367 142108 282471 541388 1357207 451658 905549 1357207 0.66720 0.76660 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 759369 532046 227323 5364 5364 0 227323 X 280 49946 PUBLICLY TRADED SECURITY 0 0 0 FORM 990, PART VI, SECTION A, LINE 7A AS SOLE MEMBER OF THE FOUNDATION, THE IMPOSSIBLE DREAM, INC. ELECTS THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION HAS ITS OUTSIDE TAX ACCOUNTANTS PREPARE THE FORM 990 IN COORDINATION WITH AN OFFICER OF THE FOUNDATION; THE FORM 990 IS REVIEWED BY OUTSIDE LEGAL COUNSEL, THEN SENT TO THE MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION'S CONFLICT OF INTEREST POLICY REQUIRES OFFICERS AND DIRECTORS TO DISCLOSE CONFLICTS AS THEY ARISE. GIVEN THE SMALL SIZE OF THE BOARD AND THE SIMPLICITY OF THE FOUNDATION'S OPERATIONS, THE FOUNDATION DOES NOT EMPLOY ADDITIONAL MONITORING PROCEDURES BEYOND THIS DISCLOSURE REQUIREMENT AND THOROUGH DISCUSSION AT ITS BOARD MEETINGS. THE FOUNDATION DOES NOT HAVE WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY, BUT IT DOES MAINTAIN A COMPLETE RECORD OF GRANTS AND OTHER TRANSACTIONS, INCLUDING GRANT LETTERS AND OTHER WRITTEN MATERIAL. FORM 990, PART VI, SECTION B, LINE 15 WILLIAM REY, BOARD MEMBER, IS COMPENSATED IN HIS CAPACITY AS FULL-TIME CAPTAIN NOT AS A BOARD MEMBER. HIS COMPENSATION IS REPORTED ON PART IX, LINE 11G FOR THESE SERVICES. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION WILL MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990 IS AVAILABLE ON THE GUIDESTAR WEBSITE (WWW.GUIDESTAR.ORG). FORM 990, PART IX, LINE 11G OTHER INDIVIDUALS: PROGRAM SERVICE EXPENSES 85,816. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 85,816. FORM 990, PART XI, LINE 9: BOOK TO TAX DIFFERENCE (DIFFERENCE IN GAIN ON SALE OF STOCK) -44,572.