Nonprofit · EIN 54-2013523
THE MICRODREAMS FOUNDATION INC
Tax-exempt · NEWARK, NJ 07102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $399,582 | $246,549 | $153,033 | $2,644,336 | $16,926 | $2,627,410 |
| December 31, 2024 | 990 | $387,232 | $227,371 | $159,861 | $2,498,854 | $24,477 | $2,474,377 |
| December 31, 2023 | 990 | $441,749 | $157,064 | $284,685 | $2,363,661 | $49,832 | $2,313,829 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $211,301
- Program service revenue
- $177,551
- Investment income
- $10,730
- Net gain from sales of assets
- $9,330
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $150,000
- Professional fundraising fees
- $0
- Accounting fees
- $16,889
- Program services (functional)
- $205,955
- Management and general (functional)
- $32,654
- Fundraising (functional)
- $7,940
Balance sheet and other
- Total assets, start of year
- $2,498,854
- Total assets, end of year
- $2,644,336
- Total liabilities, end of year
- $16,926
- Net assets, end of year
- $2,627,410
- Publicly traded securities
- $1,311
- Net assets without donor restrictions
- $2,627,410
- Gross receipts
- $452,560
- Employees
- 0
- Volunteers
- 1
- Year formed
- 2000
- State of legal domicile
- VA
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GREGORY CASAGRANDE | PRESIDENT Trustee or director, Officer | 2 | $0 |
| JAMES YOUNG | TRUSTEE Trustee or director | 1 | $0 |
| F CHAPMAN TAYLOR | TRUSTEE Trustee or director | 1 | $0 |
| MICHELLE KELLY | TRUSTEE Trustee or director | 1 | $0 |
| WILLIAM CISNEROS | TRUSTEE Trustee or director | 1 | $0 |
| KRISTEN CASTELL | TRUSTEE Trustee or director | 1 | $0 |
| POLITIMI KELEKIS | CHIEF EXECUTIVE OFFICER Officer | 30 | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GREGORY CASAGRANDE | PRESIDENT Trustee or director, Officer | 2 | $0 |
| JAMES YOUNG | TRUSTEE Trustee or director | 1 | $0 |
| F CHAPMAN TAYLOR | TRUSTEE Trustee or director | 1 | $0 |
| MICHELLE KELLY | TRUSTEE Trustee or director | 1 | $0 |
| WILLIAM CISNEROS | TRUSTEE Trustee or director | 1 | $0 |
| KRISTEN CASTELL | TRUSTEE Trustee or director | 1 | $0 |
| POLLY KELEKIS | CEO Officer | 30 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GREGORY CASAGRANDE | PRESIDENT Trustee or director, Officer | 2 | $0 |
| JAMES YOUNG | TRUSTEE Trustee or director | 1 | $0 |
| F CHAPMAN TAYLOR | TRUSTEE Trustee or director | 1 | $0 |
| MICHELLE KELLY | TRUSTEE Trustee or director | 1 | $0 |
| WILLIAM CISNEROS | TRUSTEE Trustee or director | 1 | $0 |
| KRISTEN CASTELL | TRUSTEE Trustee or director | 1 | $0 |
| POLLY KELEKIS | CEO Officer | 30 | $0 |
Address and contacts
- Address (IRS master file)
- 60 PARK PL STE 520, NEWARK, NJ 07102-5513
- In care of
- % JEROME CASAGRANDE
- Principal officer (990 for 2025)
- POLITIMI KELEKIS, 60 PARK PLACE 520, NEWARK, NJ 07102
- Signed the 990
- POLITIMI KELEKIS, CHIEF EXECUTIVE OFFICER
- Phone
- (973) 230-3678
- Website
- WWW.MICRODREAMS.ORG
- Return prepared by
- CITRIN COOPERMAN ADVISORS LLC
Mission
THE MICRODREAMS FOUNDATION SUPPORTS SMALL PROMISING MICROFINANCE INSTITUTIONS IN THE DEVELOPING WORLD TO ACHIEVE PERMANENCY THROUGH FINANCIAL SELF-SUFFICIENCY.
Program accomplishments
- THE MICRODREAMS FOUNDATION PROVIDES DIRECT INVESTMENTS, BILATERAL LOANS AND LOAN GUARANTEES TO HIGHLY RATED SMALL MICROFINANCE INSTITUTIONS, ENSURING FUNDS CONTINUE TO REACH ENTREPENEURS IN NEED THROUGHOUT THE DEVELOPING WORLD.Expenses $205,955 · revenue $177,551
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 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
- 54-2013523
- 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
- 2002
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q32)
- Assets (IRS master file)
- $2,644,336
- Income (IRS master file)
- $452,560
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $399,582 | $246,549 | $2,644,336 | XML |
| 990 | December 2024 | $387,232 | $227,371 | $2,498,854 | XML |
| 990 | December 2023 | $441,749 | $157,064 | $2,363,661 | XML |
| 990 | December 2022 | $491,604 | $238,384 | $2,048,539 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 54-2013523).
Questions about THE MICRODREAMS FOUNDATION INC
- What is the EIN of THE MICRODREAMS FOUNDATION INC?
- The employer identification number (EIN) of THE MICRODREAMS FOUNDATION INC is 54-2013523.
- Is THE MICRODREAMS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to THE MICRODREAMS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE MICRODREAMS 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 THE MICRODREAMS 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 THE MICRODREAMS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of THE MICRODREAMS FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names POLITIMI KELEKIS.
- Who are the officers and directors of THE MICRODREAMS FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does THE MICRODREAMS FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $399,582, expenses of $246,549 and total assets of $2,644,336 at year end.
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