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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 05-0400340

IMPOSSIBLE DREAM INC

Tax-exempt · WARWICK, RI 02886

Financials

$129K$142K2023$101K$111K2024
Revenue Expenses · by fiscal year end
Financials of IMPOSSIBLE DREAM INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$100,622$111,481-$10,859$60,260$51,843$8,417
December 31, 2023990-EZ$129,334$142,275-$12,941$70,112$51,987$18,125
Financial details: 990-EZ for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$99,347
Net gain from sales of assets
$700
Other revenue
$575

Expenses

Compensation of officers, directors and key employees
$21,250
Salaries, compensation and benefits (total)
$38,070
Occupancy
$18,835
Other expenses
$54,576
Program services (functional)
$73,524

Balance sheet and other

Total assets, start of year
$70,112
Total assets, end of year
$60,260
Total liabilities, end of year
$51,843
Net assets, end of year
$8,417
Cash, savings and investments
$31,808
Land and buildings
$8,986
Gross receipts
$104,256

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.

NameTitleHours / weekCompensation
DIANE FLORIO PENZAEXECUTIVE DIRECTOR40$21,250
JEAN WINTER MCGOWANPRESIDENT2$0
ROSEMARIE FONTAINEVICE PRESIDENT2$0
LYNN KILKENNYTREASURER2$0
ADAM SHAKEDDIRECTOR2$0
JOHN MCGOWANSECRETARY2$0
990-EZ for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensation
DIANE FLORIO PENZAEXECUTIVE DIRECTOR40$44,200
JEAN WINTER MCGOWANPRESIDENT2$0
ROSEMARIE FONTAINEVICE PRESIDENT2$0
HELEN LILLYSECRETARY2$0
LYNN KILKENNYTREASURER2$0
JOHN MCGOWANDIRECTOR2$0
LINDA MALAFRONTEDIRECTOR2$0
ADAM SHAKEDDIRECTOR2$0

Address and contacts

Address (IRS master file)
575 CENTERVILLE ROAD, WARWICK, RI 02886-0240
Signed the 990-EZ
DIANE PENZA, EXECUTIVE DIRECTOR
Phone
(401) 823-5566
Return prepared by
FEENEY PINKERTON LLC

Mission

THE INCOME HELPS MAKE DREAMS POSSIBLE FOR THE CHRONICALLY ILL AND NEEDY AND ALSO SUPPORTS A PLAYGROUND FOR PHYSICALLY CHALLENGED AS WELL AS ABLE BODIED INDIVIDUALS

990-EZ for the year ended December 31, 2024

Program accomplishments

  • AID TO CHRONICALLY ILL AND DISABLED CHILDREN
    Expenses $73,524 · grants $7,500

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990-EZ on file

File the 2025 990-EZ for IMPOSSIBLE DREAM INC

Due May 15, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
05-0400340
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
1983
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$60,260
Income (IRS master file)
$104,256

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024$100,622$111,481$60,260XML
990-EZDecember 2023$129,334$142,275$70,112XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS
990-EZDecember 2020–––IRS
990-EZDecember 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 05-0400340).

Questions about IMPOSSIBLE DREAM INC

What is the EIN of IMPOSSIBLE DREAM INC?
The employer identification number (EIN) of IMPOSSIBLE DREAM INC is 05-0400340.
Is IMPOSSIBLE DREAM INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
Are donations to IMPOSSIBLE DREAM INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does IMPOSSIBLE DREAM 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 IMPOSSIBLE DREAM INC 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 IMPOSSIBLE DREAM INC 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 IMPOSSIBLE DREAM INC?
The 990-EZ for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $21,250 (DIANE FLORIO PENZA, EXECUTIVE DIRECTOR).
How much revenue does IMPOSSIBLE DREAM INC have?
On its 990-EZ for the year ended December 31, 2024 it reported revenue of $100,622, expenses of $111,481 and total assets of $60,260 at year end.

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