Nonprofit · EIN 84-3876958
DREAMS ARE POSSIBLE
Tax-exempt · BLOOMINGTON, IL 61701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $143,658 | $127,854 | $15,804 | $127,747 | $0 | $127,747 |
| December 31, 2023 | 990 | $103,063 | $90,001 | $13,062 | $113,109 | $0 | $113,109 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $134,672
- Program service revenue
- $0
- Investment income
- $8,986
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $28,952
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $7,262
- Program services (functional)
- $125,745
- Management and general (functional)
- $2,109
Balance sheet and other
- Total assets, start of year
- $113,109
- Total assets, end of year
- $127,747
- Total liabilities, end of year
- $0
- Net assets, end of year
- $127,747
- Gross receipts
- $143,658
- Employees
- 0
- Year formed
- 2021
- State of legal domicile
- IL
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 |
|---|---|---|---|
| MARY CAMPBELL | PRESIDENT Trustee or director, Officer | 4 | $0 |
| KRIS WILLIAMS | SECRETARY Trustee or director, Officer | 2 | $0 |
| RUTH TEUBEL | TREASURER Trustee or director, Officer | 3 | $0 |
| DONNELLE PRESSBURGER | DIRECTOR Trustee or director | 1 | $0 |
| JEANNE HOWARD | DIRECTOR Trustee or director | 1 | $0 |
| DAWN BEICHNER | DIRECTOR Trustee or director | 1 | $0 |
| LINDA HEALY | DIRECTOR Trustee or director | 1 | $0 |
| TERRY WHITECOTTON | DIRECTOR Trustee or director | 1 | $0 |
| RICK RISBERG | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARY CAMPBELL | PRESIDENT Trustee or director, Officer | 4 | $0 |
| KRIS WILLIAMS | SECRETARY Trustee or director, Officer | 2 | $0 |
| RUTH TEUBEL | TREASURER Trustee or director, Officer | 3 | $0 |
| DONNELLE PRESSBURGER | DIRECTOR Trustee or director | 1 | $0 |
| JEANNE HOWARD | DIRECTOR Trustee or director | 1 | $0 |
| DAWN BEICHNER | DIRECTOR Trustee or director | 1 | $0 |
| LINDA HEALY | DIRECTOR Trustee or director | 1 | $0 |
| TERRY WHITECOTTON | DIRECTOR Trustee or director | 1 | $0 |
| RICK RISBERG | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1311 W OLIVE ST, BLOOMINGTON, IL 61701-4705
- In care of
- % RUTH TEUBEL
- Principal officer (990 for 2024)
- RUTH TEUBEL, 310 S 7TH ST STE 1, FAIRBURY, IL 61739
- Signed the 990
- RUTH TEUBEL, TREASURER
- Phone
- (815) 692-3884
- Return prepared by
- HEARTLAND BUSINESS SERVICES
Mission
DREAMS ARE POSSIBLE SUPPORTS WOMEN, AND THOSE WHO IDENTIFY AS WOMEN, BY PROVIDING THEM WITH THE TOOLS TO GROW THEIR CONFIDENCE AND PREPARE THEM FOR HIGH-PAYING JOBS AND DIGNITY IN THE WORKPLACE.
Program accomplishments
- VARIOUS TRAINING AND EDUCATION PROGRAMSExpenses $125,745
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
- 84-3876958
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $127,747
- Income (IRS master file)
- $143,658
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $143,658 | $127,854 | $127,747 | XML |
| 990 | December 2023 | $103,063 | $90,001 | $113,109 | XML |
| 990 | December 2022 | $72,973 | $70,760 | $94,397 | 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 84-3876958).
Questions about DREAMS ARE POSSIBLE
- What is the EIN of DREAMS ARE POSSIBLE?
- The employer identification number (EIN) of DREAMS ARE POSSIBLE is 84-3876958.
- Is DREAMS ARE POSSIBLE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to DREAMS ARE POSSIBLE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DREAMS ARE POSSIBLE 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 DREAMS ARE POSSIBLE 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 DREAMS ARE POSSIBLE 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 DREAMS ARE POSSIBLE?
- The 990 for the year ended December 31, 2024 names RUTH TEUBEL.
- Who are the officers and directors of DREAMS ARE POSSIBLE?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does DREAMS ARE POSSIBLE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $143,658, expenses of $127,854 and total assets of $127,747 at year end.
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