Nonprofit · EIN 85-1900982
IVY DREAM FOUNDATION INCORPORATED
Tax-exempt · SCOTCH PLAINS, NJ 07076
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $25,230 | $19,669 | $5,561 | $27,819 | $0 | $27,819 |
| December 31, 2023 | 990-EZ | $26,009 | $21,673 | $4,336 | $22,258 | – | $22,258 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Membership dues
- $3,142
- Net income from fundraising events
- $20,529
- Other revenue
- $1,559
Expenses
- Compensation of officers, directors and key employees
- $0
- Other expenses
- $19,669
- Program services (functional)
- $10,025
Balance sheet and other
- Total assets, start of year
- $22,258
- Total assets, end of year
- $27,819
- Total liabilities, end of year
- $0
- Net assets, end of year
- $27,819
- Cash, savings and investments
- $27,819
- Gross receipts
- $25,230
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Liz Nolley | President | 3 | $0 |
| Dewanna Graham | Vice President | 2 | $0 |
| Martha Nolley | Fundraising Chair | 3 | $0 |
| Shatiana Hilarski | Treasurer | 2 | $0 |
| Kimberly Racine | Financial Secretary | 2 | $0 |
| Melinda Lawson | Scholarship Chair | 2 | $0 |
| Marjorie Hargrave | Bylaws | 1 | $0 |
990-EZ for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Elizabeth Nolley Tillman | President | 3 | $0 |
| Dewanna Graham | VP | 2 | $0 |
| Shatiana Hilarski | Treasurer | 2 | $0 |
| Shellece-Jeanette Earles | Financial Secretary | 2 | $0 |
| Martha Nolley | Fundraising Chair | 3 | $0 |
| Melinda Lawson | Scholarship Chair | 2 | $0 |
| Marjorie Hargrave | Bylaws | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 463, SCOTCH PLAINS, NJ 07076-0463
- In care of
- % DEANA L LAWSON
- Signed the 990-EZ
- Elizabeth Nolley Tillman, President
- Phone
- (640) 204-5665
- Return prepared by
- ROBERT C BARNETT CPA LLC
Mission
Exclusively Charitble, Educational
Program accomplishments
- Raised and distributed funds for Charitable and Educational Projects. Provided direct and indirect financail assistance contributing to the educational goals of deserving seniors.Expenses $10,025
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 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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 85-1900982
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Assets (IRS master file)
- $27,819
- Income (IRS master file)
- $25,230
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $25,230 | $19,669 | $27,819 | XML |
| 990-EZ | December 2023 | $26,009 | $21,673 | $22,258 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about IVY DREAM FOUNDATION INCORPORATED
- What is the EIN of IVY DREAM FOUNDATION INCORPORATED?
- The employer identification number (EIN) of IVY DREAM FOUNDATION INCORPORATED is 85-1900982.
- Is IVY DREAM FOUNDATION INCORPORATED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to IVY DREAM FOUNDATION INCORPORATED tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IVY DREAM FOUNDATION INCORPORATED file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of IVY DREAM FOUNDATION INCORPORATED 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 IVY DREAM FOUNDATION INCORPORATED last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of IVY DREAM FOUNDATION INCORPORATED?
- The 990-EZ for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does IVY DREAM FOUNDATION INCORPORATED have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $25,230, expenses of $19,669 and total assets of $27,819 at year end.
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