Nonprofit · EIN 45-4840107
JERSEY SHORE DREAM CENTER INC
Tax-exempt · BELMAR, NJ 07719
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $347,790 | $339,192 | $8,598 | $862,990 | $3,484 | $859,506 |
| December 31, 2023 | 990 | $572,496 | $265,000 | $307,496 | $850,908 | $0 | $850,908 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $147,467
- Program service revenue
- $0
- Investment income
- $33,587
- Net income from fundraising events
- $166,736
- Other revenue
- $166,736
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $9,269
- Other salaries and wages
- $111,665
- Salaries, compensation and benefits (total)
- $134,261
- Professional fundraising fees
- $0
- Legal fees
- $575
- Accounting fees
- $3,400
- Occupancy
- $24,023
- Travel
- $1,387
- Depreciation
- $28,912
- Program services (functional)
- $150,365
- Management and general (functional)
- $166,579
- Fundraising (functional)
- $22,248
Balance sheet and other
- Total assets, start of year
- $850,908
- Total assets, end of year
- $862,990
- Total liabilities, end of year
- $3,484
- Net assets, end of year
- $859,506
- Land, buildings and equipment
- $43,368
- Net assets without donor restrictions
- $859,506
- Gross receipts
- $347,790
- Employees
- 4
- Year formed
- 2012
- 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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Diamond Friedel | Secretary Trustee or director | 10 | $9,269 |
| Isaac Friedel | Trustee Trustee or director | 5 | $0 |
| Anthony Megaro | Chairman Trustee or director | 10 | $0 |
| Robert Mikolon | Trustee Trustee or director | 1 | $0 |
| Doug Dowd | Treasurer Trustee or director | 1 | $0 |
| Marie Butler | Trustee Trustee or director | 1 | $0 |
| Robert Lane | Trustee Trustee or director | 1 | $0 |
| Robert Seaman | Trustee Trustee or director | 1 | $0 |
| Coral Brooks | Trustee Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Diamond Friedel | Secretary Trustee or director | 10 | $9,269 |
| Isaac Friedel | Trustee Trustee or director | 5 | $0 |
| Anthony Megaro | Chairman Trustee or director | 10 | $0 |
| Bob Covino | Treasurer Trustee or director | 1 | $0 |
| Doug Dowd | Trustee Trustee or director | 1 | $0 |
| Marie Butler | Trustee Trustee or director | 1 | $0 |
| Tony Bello | Trustee Trustee or director | 1 | $0 |
| Robert Lane | Trustee Trustee or director | 1 | $0 |
| Robert Seaman | Trustee Trustee or director | 1 | $0 |
| Hannah Madsen | Trustee Trustee or director | 1 | $0 |
| Coral Brooks | Trustee Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 94, BELMAR, NJ 07719-0094
- Principal officer (990 for 2024)
- Anthony Megaro, PO Box 94, Belmar, NJ 077190094
- Signed the 990
- Isaac Friedel, Trustee
- Phone
- (732) 823-8023
- Return prepared by
- Clearview Advisory Group PC
Mission
Our mission is to give hope to the hopeless, food to the hungry, clothes to the needy, and freedom in Christ Jesus to those bound by addiction.
Program accomplishments
- In 2024 the Jersey Shore Dream Center served the community through our various feeding and educational programs. These programs served over 50,000 individuals. We serviced single mothers in our Family Restoration Home as well as men in our transition home. The Dream Center orchestrated a 24 hour service event serving thousands of individuals through out Asbury Park. In addition we hosted block party BBQ's, back pack giveaways to over 1800 children and a Harvest Party for the entire community. During the 2024 holiday season we served over 200 turkeys and gave out over 500 christmas gifts to children below the poverty line in Asbury Park and the surrounding area.Expenses $150,365
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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-4840107
- 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
- 2013
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mental health and crisis intervention (F60)
- Assets (IRS master file)
- $862,990
- Income (IRS master file)
- $347,790
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $347,790 | $339,192 | $862,990 | XML |
| 990 | December 2023 | $572,496 | $265,000 | $850,908 | XML |
| 990 | December 2022 | $222,392 | $200,525 | $546,607 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-EZ | 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 45-4840107).
Questions about JERSEY SHORE DREAM CENTER INC
- What is the EIN of JERSEY SHORE DREAM CENTER INC?
- The employer identification number (EIN) of JERSEY SHORE DREAM CENTER INC is 45-4840107.
- Is JERSEY SHORE DREAM CENTER INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to JERSEY SHORE DREAM CENTER INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does JERSEY SHORE DREAM CENTER 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 JERSEY SHORE DREAM CENTER 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 JERSEY SHORE DREAM CENTER INC 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 JERSEY SHORE DREAM CENTER INC?
- The 990 for the year ended December 31, 2024 names Anthony Megaro.
- Who are the officers and directors of JERSEY SHORE DREAM CENTER INC?
- The 990 for the year ended December 31, 2024 lists 9 people; 1 received compensation from the organization, the highest $9,269 (Diamond Friedel, Secretary).
- How much revenue does JERSEY SHORE DREAM CENTER INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $347,790, expenses of $339,192 and total assets of $862,990 at year end.
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All nonprofits in BELMAR · New Jersey · Mental health and crisis intervention