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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 46-2544984

AFRICAN DREAM INITIATIVE INC

Tax-exempt · HAVERSTRAW, NY 10927

Financials

$40K$68K2023$39K$49K2024
Revenue Expenses · by fiscal year end
Financials of AFRICAN DREAM INITIATIVE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$38,654$49,367-$10,713$7,450$11,282-$3,832
December 31, 2023990$40,195$67,667-$27,472$18,163$11,282$6,881
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$38,571
Program service revenue
$0
Investment income
$83
Other revenue
$0

Expenses

Grants and similar amounts paid
$40,409
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$100
Accounting fees
$3,096
Program services (functional)
$40,409
Management and general (functional)
$8,958

Balance sheet and other

Total assets, start of year
$18,163
Total assets, end of year
$7,450
Total liabilities, end of year
$11,282
Net assets, end of year
-$3,832
Net assets without donor restrictions
-$3,832
Gross receipts
$38,654
Employees
0
Year formed
2013
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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
STACY HOCKDIRECTOR
Trustee or director
5$0
CLARE KARABARINDECHAIRMAN
Trustee or director
5$0
ANGELA SPEAKMANDIRECTOR
Trustee or director
5$0
RACHEL B SWARTZDIRECTOR AND SEC
Trustee or director
5$0
JENNIFER CLARKDIRECTOR
Trustee or director
5$0
BRIAN MOLLDIRECTOR
Trustee or director
5$0
TRACY W JOSEPHDIRECTOR
Trustee or director
0$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
JENNIFER CLARKDIRECTOR
Trustee or director
5$0
BRIAN MOLLDIRECTOR
Trustee or director
5$0
TRACY W JOSEPHDIRECTOR
Trustee or director
0$0
RACHEL B SWARTZDIRECTOR AND SEC
Trustee or director
5$0
STACY HOCKDIRECTOR
Trustee or director
5$0
CLARE KARABARINDECHAIRMAN
Trustee or director
5$0
ANGELA SPEAKMANDIRECTOR
Trustee or director
5$0

Address and contacts

Address (IRS master file)
4110 SOUTHERNLY POINTE DR, HAVERSTRAW, NY 10927-2118
In care of
% ANGELA SPEAKMAN
Signed the 990
ANGELA SPEAKMAN, CHAIR OF THE BOARD
Phone
(212) 255-5948
Return prepared by
GLOBAL OUTSOURCING INC

Mission

WE BELIEVE THAT BEST WAY TO BUILD STRONGER AFRICA IS TO FOSTER FUTURE AFRICAN LEADERS FROM DIVERSE BACKGROUNDS.WE PROVIDE OUR TALENTED AND MOTIVATED STUDENTS WITH THE SKILLS, EDUCATION AND RESOURCES THEY NEED TO BECOME LEADERS IN THEIR OWN COMMUNITIES,CREATING A CYCLE OF SUCCESS.

990 for the year ended December 31, 2024

Program accomplishments

  • CHILDREN WERE PROVIDED WITH TUITION, ROOM AND BOARD, MEDICAL CARE, SCHOOL SUPPLIES AND LEADERSHIP TRAINING.
    Expenses $40,409 · revenue $38,571

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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, 2024990 on file

File the 2025 990-N for AFRICAN DREAM INITIATIVE INC

Due May 15, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
46-2544984
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-N (e-Postcard)
Category (NTEE)
Education (B82)
Assets (IRS master file)
$7,450
Income (IRS master file)
$38,654

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$38,654$49,367$7,450XML
990December 2023$40,195$67,667$18,163XML
990December 2022$81,980$87,178$45,635IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 46-2544984).

Questions about AFRICAN DREAM INITIATIVE INC

What is the EIN of AFRICAN DREAM INITIATIVE INC?
The employer identification number (EIN) of AFRICAN DREAM INITIATIVE INC is 46-2544984.
Is AFRICAN DREAM INITIATIVE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
Are donations to AFRICAN DREAM INITIATIVE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does AFRICAN DREAM INITIATIVE INC file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of AFRICAN DREAM INITIATIVE 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 AFRICAN DREAM INITIATIVE INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who are the officers and directors of AFRICAN DREAM INITIATIVE INC?
The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
How much revenue does AFRICAN DREAM INITIATIVE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $38,654, expenses of $49,367 and total assets of $7,450 at year end.

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