Nonprofit · EIN 13-3979726
GARDEN OF DREAMS FOUNDATION
Tax-exempt · NEW YORK, NY 10121
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $8,931,458 | $8,537,226 | $394,232 | $6,870,672 | $1,181,829 | $5,688,843 |
| August 31, 2024 | 990 | $10,373,005 | $8,565,298 | $1,807,707 | $6,302,573 | $1,007,962 | $5,294,611 |
| August 31, 2023 | 990 | $5,971,126 | $6,296,809 | -$325,683 | $4,016,825 | $529,921 | $3,486,904 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $8,718,901
- Program service revenue
- $0
- Investment income
- $212,557
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $5,485,161
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $82,641
- Travel
- $20,996
- Program services (functional)
- $6,921,766
- Management and general (functional)
- $741,613
- Fundraising (functional)
- $873,847
Balance sheet and other
- Total assets, start of year
- $6,302,573
- Total assets, end of year
- $6,870,672
- Total liabilities, end of year
- $1,181,829
- Net assets, end of year
- $5,688,843
- Land, buildings and equipment
- $19,806
- Net assets without donor restrictions
- $5,688,843
- Gross receipts
- $8,962,233
- Employees
- 0
- Volunteers
- 37
- Year formed
- 1997
- State of legal domicile
- NY
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 August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BARRY WATKINS | CHAIRMAN Trustee or director, Officer | 2.5 | $0 |
| DAVID VINIAR | CO-VICE CHAIRPERSON Trustee or director, Officer | 0.2 | $0 |
| GARY FUHRMAN | CO-VICE CHAIRPERSON Trustee or director, Officer | 0.2 | $0 |
| JOEL FISHER | CO-VICE CHAIRPERSON Trustee or director, Officer | 0.8 | $0 |
| RICH CONSTABLE | CO-VICE CHAIRPERSON Trustee or director, Officer | 2 | $0 |
| VICTORIA MINK | TREASURER Trustee or director, Officer | 0.5 | $0 |
| ADAM GRAVES | DIRECTOR Trustee or director | 0.2 | $0 |
| ANDREA GREENBERG | DIRECTOR Trustee or director | 0.2 | $0 |
| BRAD KARP | DIRECTOR Trustee or director | 0.2 | $0 |
| CRISTINA DOLAN | DIRECTOR Trustee or director | 0.2 | $0 |
| DARRYL MCDANIELS | DIRECTOR Trustee or director | 0.5 | $0 |
| DREW NIEPORENT | DIRECTOR Trustee or director | 0.2 | $0 |
| JAMAAL LESANE | DIRECTOR Trustee or director | 0.2 | $0 |
| JILL MARTIN | DIRECTOR Trustee or director | 0.2 | $0 |
| JOHN STARKS | DIRECTOR Trustee or director | 0.2 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JUSTIN TUCK | DIRECTOR Trustee or director | 0.2 | $0 |
| MARY PAT CLARKE | DIRECTOR Trustee or director | 1 | $0 |
| MATTHEW MODINE | DIRECTOR Trustee or director | 0.2 | $0 |
| NEIL GOLDMACHER | DIRECTOR Trustee or director | 0.2 | $0 |
| RANDY MASTRO | DIRECTOR (THRU 3/27/2025) Trustee or director | 0.2 | $0 |
| STEVE SHAPIRO | DIRECTOR (AS OF 6/12/2025) Trustee or director | 0.2 | $0 |
| SUJIN DOLAN | DIRECTOR Trustee or director | 0.2 | $0 |
| TARA LIPTON | DIRECTOR Trustee or director | 0.2 | $0 |
| WHOOPI GOLDBERG | DIRECTOR Trustee or director | 0.2 | $0 |
| ALEX SHVARTSMAN | CONTROLLER (AS OF 7/1/2025) Officer | 4 | $0 |
| DEBRA SHUWARGER | SECRETARY Officer | 0.8 | $0 |
990 for the year ended August 31, 2024: 30 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BARRY WATKINS | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| JOEL FISHER | CO-VICE CHAIRPERSON Trustee or director, Officer | 0.75 | $0 |
| GARY FUHRMAN | CO-VICE CHAIRPERSON Trustee or director, Officer | 0.2 | $0 |
| DAVID VINIAR | CO-VICE CHAIRPERSON Trustee or director, Officer | 0.2 | $0 |
| RICH CONSTABLE | CO-VICE CHAIRPERSON Trustee or director, Officer | 1 | $0 |
| VICTORIA MINK | TREASURER Trustee or director, Officer | 0.5 | $0 |
| RICH CLAFFEY | DIRECTOR (thru 3/2024) Trustee or director | 0.2 | $0 |
| MARY PAT CLARKE | DIRECTOR Trustee or director | 1 | $0 |
| CRISTINA DOLAN | DIRECTOR (AS OF 11/2023) Trustee or director | 0.2 | $0 |
| SUJIN DOLAN | DIRECTOR (AS OF 11/2023) Trustee or director | 0.2 | $0 |
| WHOOPI GOLDBERG | DIRECTOR Trustee or director | 0.2 | $0 |
| NEIL GOLDMACHER | DIRECTOR Trustee or director | 0.2 | $0 |
| ADAM GRAVES | DIRECTOR Trustee or director | 0.2 | $0 |
| ANDREA GREENBERG | DIRECTOR Trustee or director | 0.2 | $0 |
| DAVID HOPKINSON | DIRECTOR (THRU 4/2024) Trustee or director | 0.2 | $0 |
| JACK IRULSHAMI | Director (thru 4/2024) Trustee or director | 0.2 | $0 |
| SANDY KAPELL | Director (thru 11/2023) Trustee or director | 0.2 | $0 |
| BRAD KARP | DIRECTOR Trustee or director | 0.2 | $0 |
| ERIC LANE | Director (thru 4/2024) Trustee or director | 0.2 | $0 |
| JAMAAL LESANE | DIRECTOR Trustee or director | 0.2 | $0 |
| TARA LIPTON | DIRECTOR Trustee or director | 0.2 | $0 |
| HOWARD LORBER | Director (thru 4/2024) Trustee or director | 0.2 | $0 |
| JILL MARTIN | DIRECTOR Trustee or director | 0.2 | $0 |
| RANDY MASTRO | DIRECTOR Trustee or director | 0.2 | $0 |
| DARRYL MCDANIELS | DIRECTOR Trustee or director | 0.5 | $0 |
| MATTHEW MODINE | DIRECTOR Trustee or director | 0.2 | $0 |
| DREW NIEPORENT | DIRECTOR Trustee or director | 0.2 | $0 |
| JOHN STARKS | DIRECTOR Trustee or director | 0.2 | $0 |
| JUSTIN TUCK | DIRECTOR Trustee or director | 0.2 | $0 |
| DEBRA SHUWAGER | SECRETARY Officer | 1 | $0 |
990 for the year ended August 31, 2023: 30 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BARRY WATKINS | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| JOEL FISHER | CO-VICE CHAIRPERSON Trustee or director, Officer | 0.75 | $0 |
| GARY FUHRMAN | CO-VICE CHAIRPERSON Trustee or director, Officer | 0.2 | $0 |
| DAVID VINIAR | CO-VICE CHAIRPERSON Trustee or director, Officer | 0.2 | $0 |
| VICTORIA MINK | TREASURER Trustee or director, Officer | 0.5 | $0 |
| LAWRENCE BURIAN | DIRECTOR Trustee or director | 0.5 | $0 |
| RICH CLAFFEY | DIRECTOR Trustee or director | 0.2 | $0 |
| MARY PAT CLARKE | DIRECTOR Trustee or director | 1 | $0 |
| RICH CONSTABLE | DIRECTOR Trustee or director | 1 | $0 |
| WHOOPI GOLDBERG | DIRECTOR Trustee or director | 0.2 | $0 |
| NEIL GOLDMACHER | DIRECTOR Trustee or director | 0.2 | $0 |
| ADAM GRAVES | DIRECTOR Trustee or director | 0.2 | $0 |
| ANDREA GREENBERG | DIRECTOR Trustee or director | 0.2 | $0 |
| DAVID HOPKINSON | DIRECTOR Trustee or director | 0.2 | $0 |
| JACK IRULSHAMI | DIRECTOR Trustee or director | 0.2 | $0 |
| SANDY KAPELL | DIRECTOR Trustee or director | 1 | $0 |
| BRAD KARP | DIRECTOR Trustee or director | 0.2 | $0 |
| ERIC LANE | DIRECTOR Trustee or director | 0.2 | $0 |
| JAMAL LESANE | DIRECTOR Trustee or director | 0.2 | $0 |
| HOWARD LORBER | DIRECTOR Trustee or director | 0.2 | $0 |
| ANDY LUSTGARTEN | DIRECTOR Trustee or director | 0.2 | $0 |
| JILL MARTIN | DIRECTOR Trustee or director | 0.2 | $0 |
| RANDY MASTRO | DIRECTOR Trustee or director | 0.2 | $0 |
| DARRYL MCDANIELS | DIRECTOR Trustee or director | 0.5 | $0 |
| MATTHEW MODINE | DIRECTOR Trustee or director | 0.2 | $0 |
| DREW NIEPORENT | DIRECTOR Trustee or director | 0.2 | $0 |
| HANK RATNER | DIRECTOR (THRU 6/23) Trustee or director | 0.2 | $0 |
| JOHN STARKS | DIRECTOR Trustee or director | 0.2 | $0 |
| JUSTIN TUCK | DIRECTOR Trustee or director | 0.2 | $0 |
| DEBRA SHUWAGER | SECRETARY Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2 PENN PLAZA FL 29, NEW YORK, NY 10121-0101
- In care of
- % ALEX SHVARTSMAN
- Principal officer (990 for 2024)
- ALEX SHVARTSMAN, 2 Penn Plaza FL 29, New York, NY 101210091
- Signed the 990
- ALEX SHVARTSMAN, CONTROLLER
- Phone
- (212) 465-4170
- Return prepared by
- BDO USA
Mission
OUR MISSION IS SUPPORTED BY THREE CORE PILLARS: 1) COMMUNITY PROJECTS - WE PROVIDE DIRECT FINANCIAL SUPPORT FOR IMPROVEMENTS TO COMMUNITY FACILITIES, AS WELL AS FOR COMMUNITY-BASED SPORTS, ENTERTAINMENT AND MEDIA PROJECTS, THAT ENHANCE THE ENVIRONMENT OF YOUNG PEOPLE WHERE THEY LIVE AND GROW. 2) EDUCATION - WE PROVIDE SCHOLARSHIPS FOR COLLEGE AND TRADE SCHOOLS AS WELL AS MENTORSHIP AND CAREER EXPOSURE PROGRAMS THAT OPEN THE DOORS TO OPPORTUNITIES AND IMPACT OUR YOUNG PEOPLE'S FUTURES. 3) INSPIRATION & JOY - WE PROVIDE UNFORGETTABLE EXPERIENCES THAT INSPIRE YOUNG PEOPLE IN OUR COMMUNITIES, AND FOSTER HEALING AND JOY.
Program accomplishments
- EVENTS AT MADISON SQUARE GARDEN, RADIO CITY MUSIC HALL, TEAMS' TRAINING CENTER AND OTHER VENUES: THE FOUNDATION PROVIDES ACCESS TO EVENTS SUCH AS CONCERTS, SPORTING EVENTS AND A TALENT SHOW, AS WELL AS PROGRAMMING SUCH AS MENTORING & EDUCATIONAL OPPORTUNITIES AT VARIOUS VENUES, INCLUDING MSG, RADIO CITY MUSIC HALL, MSG TRAINING CENTER & OTHER VENUES. THE FOUNDATION ALSO SUPPORTS THE CHILDREN OF ITS PARTNER ORGANIZATIONS THROUGH VARIOUS DIRECT DONATIONS THROUGHOUT THE YEAR, SUCH AS AN ADOPT-A-FAMILY DRIVE DURING THE HOLIDAY SEASON IN WHICH MSG EMPLOYEES CAN PURCHASE NECESSARY FOOD, CLOTHING & OTHER ITEMS FOR SPECIFIC FAMILIES.Expenses $4,585,050 · grants $3,254,508
- THE GARDEN OF DREAMS GIVING PROGRAM: THE PROGRAM HELPS ITS PARTNER ORGANIZATIONS MEET THE CRITICAL NEEDS OF THE CHILDREN THEY SERVE, INCLUDING THROUGH DIRECT SUPPORT OF COLLEGE SCHOLARSHIPS AND CAPITAL IMPROVEMENT PROJECTS WITHIN THE COMMUNITY. EXAMPLES OF THESE GRANTS ARE REFURBISHMENTS OF GYMNASIUMS, DANCE STUDIOS, RECORDING STUDIOS AND CHILDREN'S HOSPITAL WINGS.Expenses $1,888,293 · grants $1,888,293
- CBO SUPPORT: IN RESPONSE TO THE PANDEMIC & THROUGH ITS COMMUNITY ORGANIZATIONS THE FOUNDATION PROVIDED ASSISTANCE TO FAMILIES SUFFERING FROM FOOD SCARCITY THROUGH THE PROVISION OF MEALS AND OTHER SUPPLIES.Expenses $342,360 · grants $342,360
- OTHER PROGRAM SERVICES: INCLUDES DONATIONS OF GOODIE BAGS, TEAM MERCHANDISE & OTHER GIFTS COMMEMORATING SPECIAL EXPERIENCES FOR CHILDREN AND FAMILIES PARTICIPATING IN THE FOUNDATION'S PROGRAMS, AND SHIPPING OF ITEMS TO RECIPIENT ORGANIZATIONS.Expenses $106,063
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 August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 13-3979726
- 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
- 1998
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $6,870,672
- Income (IRS master file)
- $8,962,233
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $8,931,458 | $8,537,226 | $6,870,672 | XML |
| 990 | August 2024 | $10,373,005 | $8,565,298 | $6,302,573 | XML |
| 990 | August 2023 | $5,971,126 | $6,296,809 | $4,016,825 | XML |
| 990 | August 2022 | $4,697,201 | $4,065,203 | $4,078,760 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | IRS |
| 990 | August 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 13-3979726).
Questions about GARDEN OF DREAMS FOUNDATION
- What is the EIN of GARDEN OF DREAMS FOUNDATION?
- The employer identification number (EIN) of GARDEN OF DREAMS FOUNDATION is 13-3979726.
- Is GARDEN OF DREAMS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to GARDEN OF DREAMS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GARDEN OF DREAMS FOUNDATION 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 GARDEN OF DREAMS FOUNDATION due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GARDEN OF DREAMS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of GARDEN OF DREAMS FOUNDATION?
- The 990 for the year ended August 31, 2025 names ALEX SHVARTSMAN.
- Who are the officers and directors of GARDEN OF DREAMS FOUNDATION?
- The 990 for the year ended August 31, 2025 lists 26 people; 0 received compensation from the organization.
- How much revenue does GARDEN OF DREAMS FOUNDATION have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $8,931,458, expenses of $8,537,226 and total assets of $6,870,672 at year end.
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