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Nonprofit · EIN 32-0416984

NEW LIFE DREAM ACADEMY

Tax-exempt · JERSEY CITY, NJ 07305

Financials

$1.9M$1.6M2024
Revenue Expenses · by fiscal year end
Financials of NEW LIFE DREAM ACADEMY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,870,753$1,615,615$255,138$255,138$0$255,138
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$1,870,753
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$122,750
Other salaries and wages
$565,318
Salaries, compensation and benefits (total)
$834,325
Professional fundraising fees
$0
Legal fees
$41,525
Accounting fees
$180
Occupancy
$78,033
Travel
$47,667
Program services (functional)
$1,615,615

Balance sheet and other

Total assets, start of year
$0
Total assets, end of year
$255,138
Total liabilities, end of year
$0
Net assets, end of year
$255,138
Land, buildings and equipment
$30,089
Gross receipts
$1,870,753
Employees
27
Year formed
2013
State of legal domicile
NJ

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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Monica MincyPresident
Trustee or director, Officer, Highest-paid employee
100$113,000
Alan MorrisonTreasurer
Officer
25$9,750
Jordan MosleyVP
Officer
35$0
Miles MosleyVP
Officer
20$0

Address and contacts

Address (IRS master file)
46 MARTIN LUTHER KING JR DR 48, JERSEY CITY, NJ 07305-2923
In care of
% ALAN MORRISON
Principal officer (990 for 2024)
Monica Mincy Officer, 46-48 Martin Luther King Dr, Jersey City, NJ 07305
Signed the 990
ALAN MORRISON OFFICER, Officer
Phone
(973) 592-7621
Return prepared by
Vanguard Capital Enterprise

Mission

Childcare and daycare services for infants, toddlers and after school age child. Provide meals for children while in our care. Summer program for older children which includes day travel to events and other venues.

990 for the year ended December 31, 2024

Program accomplishments

  • Providing childcare, after school and food program to the surrounding community. Providing child with educational experiences outside of their respective communities via trips to libray, golf outtings, parks and other educational or entertaining events and venues.
    Expenses $1,615,615 · revenue $1,870,753

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 on file
2023December 31, 2023May 15, 2024Check at the IRS

IRS record

EIN
32-0416984
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
2024
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P33)
Assets (IRS master file)
$255,138
Income (IRS master file)
$1,870,753

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,870,753$1,615,615$255,138XML

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 32-0416984).

Questions about NEW LIFE DREAM ACADEMY

What is the EIN of NEW LIFE DREAM ACADEMY?
The employer identification number (EIN) of NEW LIFE DREAM ACADEMY is 32-0416984.
Is NEW LIFE DREAM ACADEMY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
Are donations to NEW LIFE DREAM ACADEMY tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does NEW LIFE DREAM ACADEMY 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 NEW LIFE DREAM ACADEMY 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 NEW LIFE DREAM ACADEMY last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of NEW LIFE DREAM ACADEMY?
The 990 for the year ended December 31, 2024 names Monica Mincy Officer.
Who are the officers and directors of NEW LIFE DREAM ACADEMY?
The 990 for the year ended December 31, 2024 lists 4 people; 2 received compensation from the organization, the highest $113,000 (Monica Mincy, President).
How much revenue does NEW LIFE DREAM ACADEMY have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,870,753, expenses of $1,615,615 and total assets of $255,138 at year end.

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