Nonprofit · EIN 32-0280578
SCHOOL OF DREAMS INC
Tax-exempt · BROOKLYN, NY 11205
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $104,063 | $220,075 | -$116,012 | $80,221 | $22,100 | $58,121 |
| December 31, 2024 | 990-PF | $488,014 | $436,326 | $51,688 | $176,158 | $2,025 | $174,133 |
| December 31, 2023 | 990-PF | $343,756 | $260,050 | $83,706 | $124,470 | $2,025 | $122,445 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $104,063
Expenses
- Grants and similar amounts paid
- $200,000
- Disbursements for charitable purposes
- $216,050
Balance sheet and other
- Total assets, start of year
- $176,158
- Total assets, end of year
- $80,221
- Total liabilities, end of year
- $22,100
- Net assets, end of year
- $58,121
- Qualifying distributions
- $216,050
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-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ida Siu 115 Old Somerset Rd, Watchung, NJ 07069 | Chairwoman | 0.2 | $0 |
| Tr 141 Flushing Ave BDLG 7714FL, Brooklyn, NY 11205 | Treasurer | 0.2 | $0 |
| Deirdre Quinn 141 Flushing Ave BDLG 7714FL, Brooklyn, NY 11205 | Director | 0.2 | $0 |
990-PF for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ida Siu 115 Old Somerset Rd, Watchung, NJ 07069 | Chairwoman | 0.2 | $0 |
| Tr 141 Flushing Ave BDLG 7714FL, Brooklyn, NY 11205 | Treasurer | 0.2 | $0 |
| Deirdre Quinn 141 Flushing Ave BDLG 7714FL, Brooklyn, NY 11205 | Director | 0.2 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ida Siu 115 Old Somerset Rd, Watchung, NJ 07069 | Chairwoman | 0.2 | $0 |
| Tr 141 Flushing Ave BDLG 7714FL, Brooklyn, NY 11205 | Treasurer | 0.2 | $0 |
| Deirdre Quinn 141 Flushing Ave BDLG 7714FL, Brooklyn, NY 11205 | Director | 0.2 | $0 |
Address and contacts
- Address (IRS master file)
- 141 FLUSHING AVE BUILDING 77 14FL, BROOKLYN, NY 11205-1338
- In care of
- % HARVEY LOK
- Signed the 990-PF
- Harvey Lok, Treasurer
- Phone
- (646) 708-7020
- Return prepared by
- WEI WEI & CO LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 32-0280578
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2009
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $80,221
- Income (IRS master file)
- $104,063
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $104,063 | $220,075 | $80,221 | XML |
| 990-PF | December 2024 | $488,014 | $436,326 | $176,158 | XML |
| 990-PF | December 2023 | $343,756 | $260,050 | $124,470 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | 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 32-0280578).
Questions about SCHOOL OF DREAMS INC
- What is the EIN of SCHOOL OF DREAMS INC?
- The employer identification number (EIN) of SCHOOL OF DREAMS INC is 32-0280578.
- Is SCHOOL OF DREAMS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to SCHOOL OF DREAMS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does SCHOOL OF DREAMS INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of SCHOOL OF DREAMS 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 SCHOOL OF DREAMS INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of SCHOOL OF DREAMS INC?
- The 990-PF for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does SCHOOL OF DREAMS INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $104,063, expenses of $220,075 and total assets of $80,221 at year end.
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