Nonprofit · EIN 35-2518831
DROPPING DIMES FOUNDATION INC
Tax-exempt · BROWNSBURG, IN 46112
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $54,017 | $62,312 | -$8,295 | $414,927 | $0 | $414,927 |
| December 31, 2024 | 990-EZ | $73,245 | $10,645 | $62,600 | $423,432 | $210 | $423,222 |
| December 31, 2023 | 990-EZ | $61,076 | $29,155 | $31,921 | $372,142 | $11,520 | $360,622 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $43,338
- Program service revenue
- $0
- Investment income
- $10,679
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $57,744
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fees and payments to contractors
- $1,600
- Printing, publications and postage
- $77
- Other expenses
- $2,891
- Program services (functional)
- $62,312
Balance sheet and other
- Total assets, start of year
- $423,432
- Total assets, end of year
- $414,927
- Total liabilities, end of year
- $0
- Net assets, end of year
- $414,927
- Cash, savings and investments
- $414,927
- Gross receipts
- $54,017
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| John Abrams | President | 5 | $0 |
| Ted Green | Chief Creative Officer | 5 | $0 |
| Scott Tarter | CEO | 5 | $0 |
990-EZ for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| John Abrams | President | 5 | $0 |
| Ted Green | Chief Creative Officer | 5 | $0 |
| Scott Tarter | CEO | 5 | $0 |
990-EZ for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| John Abrams | President | 5 | $0 |
| Ted Green | Chief Creative Officer | 5 | $0 |
| Scott Tarter | CEO | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 7213 PRELUDE RD, BROWNSBURG, IN 46112-9232
- In care of
- % SCOTT TARTER
- Signed the 990-EZ
- Scott Tarter, CEO
- Phone
- (317) 684-5375
- Website
- www.droppingdimes.org
Mission
Identifying former American Basketball Association players, personnel and families who have encountered difficult circumstances, and providing them with financial and other forms of assistance to address their situation.
Program accomplishments
- Identifying former American Basketball Association players, personnel and families who have encountered difficult circumstances, and providing them with financial and other forms of assistance to address their situation.Expenses $62,312 · grants $57,744
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 35-2518831
- 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
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $414,927
- Income (IRS master file)
- $54,017
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $54,017 | $62,312 | $414,927 | XML |
| 990-EZ | December 2024 | $73,245 | $10,645 | $423,432 | XML |
| 990-EZ | December 2023 | $61,076 | $29,155 | $372,142 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | 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 35-2518831).
Questions about DROPPING DIMES FOUNDATION INC
- What is the EIN of DROPPING DIMES FOUNDATION INC?
- The employer identification number (EIN) of DROPPING DIMES FOUNDATION INC is 35-2518831.
- Is DROPPING DIMES FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to DROPPING DIMES FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DROPPING DIMES FOUNDATION 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 DROPPING DIMES FOUNDATION 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 DROPPING DIMES FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who are the officers and directors of DROPPING DIMES FOUNDATION INC?
- The 990-EZ for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does DROPPING DIMES FOUNDATION INC have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $54,017, expenses of $62,312 and total assets of $414,927 at year end.
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