Nonprofit · EIN 65-0704986
FOUNDATION FOR DREAMS INC
Tax-exempt · BRADENTON, FL 34212
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $1,819,654 | $857,372 | $962,282 | $3,807,447 | $122,965 | $3,684,482 |
| September 30, 2024 | 990 | $1,671,703 | $922,813 | $748,890 | $2,770,114 | $54,347 | $2,715,767 |
| September 30, 2023 | 990 | $763,319 | $901,354 | -$138,035 | $2,033,418 | $66,541 | $1,966,877 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $1,605,747
- of which government grants
- $896,918
- Program service revenue
- $136,695
- Investment income
- $62,581
- Net gain from sales of assets
- $1,640
- Net income from fundraising events
- $14,631
- Other revenue
- $14,631
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $137,084
- Other salaries and wages
- $335,848
- Salaries, compensation and benefits (total)
- $518,114
- Professional fundraising fees
- $0
- Accounting fees
- $18,745
- Occupancy
- $14,315
- Travel
- $1,232
- Depreciation
- $61,602
- Program services (functional)
- $728,060
- Management and general (functional)
- $65,429
- Fundraising (functional)
- $63,883
Balance sheet and other
- Total assets, start of year
- $2,770,114
- Total assets, end of year
- $3,807,447
- Total liabilities, end of year
- $122,965
- Net assets, end of year
- $3,684,482
- Land, buildings and equipment
- $1,959,472
- Publicly traded securities
- $26,991
- Net assets without donor restrictions
- $3,574,482
- Net assets with donor restrictions
- $110,000
- Gross receipts
- $2,837,620
- Employees
- 101
- Volunteers
- 200
- Year formed
- 1996
- State of legal domicile
- FL
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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ELENA CASSELLA | EXECUTIVE DIRECTOR Officer | 40 | $148,732 | $3,640 |
| ANNETTE LARKIN | SECRETARY Trustee or director, Officer | 4 | $0 | $0 |
| MADISON LARKIN | CHAIR Trustee or director, Officer | 4 | $0 | $0 |
| MAJOR THOMAS PORTER | TREASURER Trustee or director, Officer | 4 | $0 | $0 |
| VALERIE LATOUR | CHAIR ELECT Trustee or director, Officer | 4 | $0 | $0 |
| CAROLINE CONLEY | DIRECTOR Trustee or director | 4 | $0 | $0 |
| LANCE PLOWMAN | DIRECTOR Trustee or director | 4 | $0 | $0 |
| MATT FAUL | DIRECTOR Trustee or director | 4 | $0 | $0 |
| RONALD J LIPKER II | DIRECTOR Trustee or director | 4 | $0 | $0 |
990 for the year ended September 30, 2024: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ELENA CASSELLA | EXECUTIVE DIRECTOR Officer | 40 | $112,290 | $3,500 |
| ELIZABETH MURPHY | CHAIR Trustee or director, Officer | 4 | $0 | $0 |
| ANNETTE LARKIN | SECRETARY Trustee or director, Officer | 4 | $0 | $0 |
| VALERIE LATOUR | TREASURER Trustee or director, Officer | 4 | $0 | $0 |
| DARREN BURDETTE | DIRECTOR Trustee or director | 4 | $0 | $0 |
| MATT FAUL | DIRECTOR Trustee or director | 4 | $0 | $0 |
| MADISON LARKIN | VICE CHAIR Trustee or director, Officer | 4 | $0 | $0 |
| RONALD LIPKER | DIRECTOR Trustee or director | 4 | $0 | $0 |
| CHRIS NAGLE | DIRECTOR Trustee or director | 4 | $0 | $0 |
990 for the year ended September 30, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ELENA CASSELLA | EXECUTIVE DIRECTOR Officer | 40 | $112,367 | $3,349 |
| ELIZABETH KEMPER MURPHY | CHAIR Trustee or director, Officer | 4 | $0 | $0 |
| ANNETTE LARKIN | IMMEDIATE PAST CHAIR Trustee or director, Officer | 4 | $0 | $0 |
| VALERIE LATOUR | TREASURER Trustee or director, Officer | 4 | $0 | $0 |
| RONNIE FOWLER | SECRETARY Trustee or director, Officer | 4 | $0 | $0 |
| NANCY BEAL | DIRECTOR Trustee or director | 4 | $0 | $0 |
| DARREN BURDETTE | DIRECTOR Trustee or director | 4 | $0 | $0 |
| MATT FAUL | DIRECTOR Trustee or director | 4 | $0 | $0 |
| MADISON LARKIN | DIRECTOR Trustee or director | 4 | $0 | $0 |
| RONALD LIPKER | DIRECTOR Trustee or director | 4 | $0 | $0 |
| CHRIS NAGLE | DIRECTOR Trustee or director | 4 | $0 | $0 |
| JODI O'MEARA | DIRECTOR Trustee or director | 4 | $0 | $0 |
| FRAN PADGETT | DIRECTOR Trustee or director | 4 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 16110 DREAM OAKS PL, BRADENTON, FL 34212-9032
- Principal officer (990 for 2024)
- Elena Cassella, 16110 Dream Oaks Place, Bradenton, FL 34212
- Signed the 990
- Elena Cassella, Executive Director
- Phone
- (941) 746-5659
- Website
- www.foundationfordreams.org
- Return prepared by
- Mauldin & Jenkins LLC
Mission
To celebrate the abilities and develop the strengths of children with special needs and chronic illnesses ages 7-17 by collaborating with families to provide individualized result-based goals, family support, and recreation in a camp environment.
Program accomplishments
- Provided a camp with fun, educational, recreational experiences to enhance the lives of children ages 7-17 with physical disabilities and serious illnesses. Over 800 children attended camps during the year.Expenses $728,060 · revenue $136,695
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 65-0704986
- 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
- 1996
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Voluntary health associations and medical disciplines (G30)
- Assets (IRS master file)
- $3,807,447
- Income (IRS master file)
- $2,837,620
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $1,819,654 | $857,372 | $3,807,447 | IRS |
| 990 | September 2024 | $1,671,703 | $922,813 | $2,770,114 | XML |
| 990 | September 2023 | $763,319 | $901,354 | $2,033,418 | XML |
| 990 | September 2022 | $1,047,867 | $763,598 | $2,175,063 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 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 65-0704986).
Questions about FOUNDATION FOR DREAMS INC
- What is the EIN of FOUNDATION FOR DREAMS INC?
- The employer identification number (EIN) of FOUNDATION FOR DREAMS INC is 65-0704986.
- Is FOUNDATION FOR DREAMS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to FOUNDATION FOR DREAMS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FOUNDATION FOR DREAMS 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 FOUNDATION FOR DREAMS INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FOUNDATION FOR DREAMS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of FOUNDATION FOR DREAMS INC?
- The 990 for the year ended September 30, 2025 names Elena Cassella.
- Who are the officers and directors of FOUNDATION FOR DREAMS INC?
- The 990 for the year ended September 30, 2025 lists 9 people; 1 received compensation from the organization, the highest $148,732 (ELENA CASSELLA, EXECUTIVE DIRECTOR).
- How much revenue does FOUNDATION FOR DREAMS INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $1,819,654, expenses of $857,372 and total assets of $3,807,447 at year end.
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