Nonprofit · EIN 80-0969365
THE IMPOSSIBLE DREAM INC
Tax-exempt · NEW YORK, NY 10036
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 (amended) | $349,452 | $292,797 | $56,655 | $332,360 | $196,592 | $135,768 |
| December 31, 2024 | 990 | $214,397 | $294,585 | -$80,188 | $278,228 | $199,115 | $79,113 |
| December 31, 2023 | 990 | $585,889 | $431,546 | $154,343 | $368,638 | $209,337 | $159,301 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $349,452
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $67,040
- Salaries, compensation and benefits (total)
- $67,040
- Professional fundraising fees
- $0
- Accounting fees
- $10,600
- Travel
- $692
- Depreciation
- $34,147
- Program services (functional)
- $292,797
Balance sheet and other
- Total assets, start of year
- $276,975
- Total assets, end of year
- $332,360
- Total liabilities, end of year
- $196,592
- Net assets, end of year
- $135,768
- Land, buildings and equipment
- $136,497
- Publicly traded securities
- $30,806
- Gross receipts
- $349,452
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2014
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| William Rey | CEO Trustee or director, Officer | 1 | $67,040 |
| David Mccauley | Director Trustee or director | 1 | $0 |
| DEBORAH MELLEN | CHAIRWOMAN Trustee or director | 50 | $0 |
| HARRY HORGAN | TREASURER Trustee or director, Officer | 50 | $0 |
| ALAN BROWN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM REY | DIRECTOR Trustee or director | 1 | $59,082 |
| DAVID MCCAULEY | DIRECTOR Trustee or director | 1 | $5,068 |
| DEBORAH MELLEN | CHAIRWOMAN/CEO Trustee or director, Officer | 50 | $0 |
| HARRY HORGAN | TREASURER Trustee or director, Officer | 50 | $0 |
| ALAN BROWN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM REY | BOARD MEMBER Trustee or director | 1 | $55,200 |
| DEBORAH MELLEN | CHAIRWOMAN/CEO Trustee or director, Officer | 50 | $0 |
| HARRY HORGAN | TREASURER Trustee or director, Officer | 50 | $0 |
| DAVID MCCAULEY | BOARD MEMBER Trustee or director | 1 | $0 |
| ALAN BROWN | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 50 W 47TH ST STE 2113, NEW YORK, NY 10036-0056
- In care of
- % DEBORAH MELLEN
- Principal officer (990 for 2025)
- Deborah Mellen, 50 West 47th Street Suite 2113, New York, NY 10036
- Signed the 990
- Daniel Ferguson-McAllister, Accountant
- Phone
- (305) 986-0514
- Website
- www.THEIMPOSSIBLEDREAM.org
Mission
TO UTILIZE IMPOSSIBLE DREAM, A UNIVERSALLY ACCESSIBLE 60' CATAMARAN, TO ENGAGE THE GLOBAL COMMUNITY AND INSPIRE PEOPLE WITH DISABILITIES, WOUNDED SOLDIERS, DISADVANTAGED YOUTH, AND THEIR FAMILIES TO IMPROVE THEIR INDEPENDENCE AND QUALITY OF LIFE
Program accomplishments
- TAKING PEOPLE WITH DISABILITIES, WOUNDED SOLDIERS, AND DISADVANTAGED YOUTH SAILING ABOARD THE UNIVERSALLY ACCESSIBLE CATAMARAN. IMPOSSIBLE DREAM RECEIVED APPROXIMATELY $ 39,000 OF IN-KIND DOCKING DURING 2025.Expenses $292,797 · revenue $349,452
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
- 80-0969365
- 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)
- Recreation and sports (N67)
- Assets (IRS master file)
- $332,360
- Income (IRS master file)
- $349,452
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $349,452 | $292,797 | $332,360 | IRS |
| 990 | December 2024 | $214,397 | $294,585 | $278,228 | IRS |
| 990 | December 2023 | $585,889 | $431,546 | $368,638 | XML |
| 990 | December 2022 | $285,471 | $260,808 | $243,331 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 80-0969365).
Questions about THE IMPOSSIBLE DREAM INC
- What is the EIN of THE IMPOSSIBLE DREAM INC?
- The employer identification number (EIN) of THE IMPOSSIBLE DREAM INC is 80-0969365.
- Is THE IMPOSSIBLE DREAM INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to THE IMPOSSIBLE DREAM INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE IMPOSSIBLE DREAM 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 IMPOSSIBLE DREAM 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 IMPOSSIBLE DREAM 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 IMPOSSIBLE DREAM INC?
- The 990 for the year ended December 31, 2025 names Deborah Mellen.
- Who are the officers and directors of THE IMPOSSIBLE DREAM INC?
- The 990 for the year ended December 31, 2025 lists 5 people; 1 received compensation from the organization, the highest $67,040 (William Rey, CEO).
- How much revenue does THE IMPOSSIBLE DREAM INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $349,452, expenses of $292,797 and total assets of $332,360 at year end.
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