Impossible Dream Inc in Warwick, Rhode Island (RI)
Table of contents:
| Impossible Dream Inc | |
| Employer Identification Number (EIN) | 050400340 |
| Name of Organization | Impossible Dream Inc |
| Address | 575 Centerville Rd, Warwick, RI 02886-0240 |
| Activities | Supplying money, goods or services to the poor, Described in section 170(b)1)(a)(vi) of the Code |
| Subsection | Charitable Organization |
| Ruling Date | 05/1983 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $221,695 |
| Amount of Income | $98,854 |
| Form 990 Revenue Amount | $95,840 |
Non-representatives - add comments:
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $131,166 | $138,076 | $95,840 |
| Contributions, gifts, grants, and similar amounts received | $125,326 | $133,652 | $93,033 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $194 | $206 | $821 |
| Gain/Loss from sale of assets other than inventory | $5,134 | $4,218 | $1,986 |
| Gross amount from sale of assets other than inventory | $12,015 | $12,683 | $5,000 |
| Less: cost or other basis and sales expenses | $6,881 | $8,465 | $3,014 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $512 | $0 | $0 |
| Total expenses | $168,645 | $173,924 | $120,010 |
| Total net assets | $273,688 | $236,214 | $212,118 |
| Excess/Deficit for the year | $-37,479 | $-35,848 | $-24,170 |
| Net assets or fund balances at beginning of year | $316,480 | $273,688 | $236,214 |
| Other changes in net assets or fund balances | $-5,313 | $-1,626 | $74 |
| Net assets or fund balances at end of year | $236,214 | $212,118 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $283,389 | $246,035 | $221,695 |
| Total liabilities | $9,701 | $9,821 | $9,577 |
| Net assets or fund balances | $273,688 | $236,214 | $212,118 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $570,172 |
| Subtotal | $570,172 |
| Gifts, grants, contributions, and membership fees received | $570,172 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $0 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $583,872 |
| Public support | $570,172 |
| Subtotal | $13,700 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $13,700 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Ida B Littlefield Memorial Trust | 100 Westminster St Ste 1500, Providence, RI 02903-2395 | RI | 1990-02 | $1,405,982 |
| 2 | Ida Lewis Yacht Club Inc | PO BOX 479, Newport, RI 02840-0479 | RI | 1977-10 | $878,401 |
| 3 | Ida M Henry Trust Uw C3956 111858 F Bo Southward Home Eliz Henry Hme, Bank Of Boston Ct | PO BOX 1802, Providence, RI 02901-1802 | RI | 1970-12 | $132,328 |
| 4 | Ida S Barter Trust 1 6238 1 | PO BOX 1802, Providence, RI 02901-1802 | RI | 1970-12 | $489,683 |
| 5 | Ida S Charlton Charity Fund 1-6711-2 | PO BOX 1802, Providence, RI 02901-1802 | RI | 1970-12 | $698,339 |
| 6 | Idcr | 146 Clifford St, Providence, RI 02903-4163 | RI | 2006-10 | $55,000 |
| 7 | Idella Stuart Hempstead Trust United Bank & Trust Co Tr | PO BOX 1802, Providence, RI 02901-1802 | RI | 1973-11 | $218,674 |
| 8 | Illinois Automobile Insurance Plan | C/O Aipso 302 Central Avenue, Johnston, RI 02919 | RI | 1950-01 | $450,567 |
| 9 | Im Gardiner Family Foundation Inc 209-161001152446 | PO BOX 1802, Providence, RI 02901-1802 | RI | 2008-08 | $1,163,728 |
| 10 | Imogene Maybury Trust Uw 6100144230 | PO BOX 1802, Providence, RI 02901-1802 | RI | 1970-12 | $1,019,252 |
| 11 | Impossible Dream Inc | 575 Centerville Rd, Warwick, RI 02886-0240 | RI | 1983-05 | $98,854 |
| 12 | Improved Benevolent & Protective Order Of Elks Of Thw World, Otha Boone 931 | 32 Haskins St, Providence, RI 02903-4003 | RI | 1942-03 | $75,599 |
| 13 | In Harmony Therapeutic Riding Inc, Turning Pointe Therapeutic Riding | 40 Collins Rd, Ashaway, RI 02804-2904 | RI | 1995-10 | $319,244 |
| 14 | Independence Square Foundation | 500 Prospect Street, Pawtucket, RI 02860-6258 | RI | 1984-08 | $1,597,255 |
| 15 | Independent Living Authority Prov | 500 Prospect Street, Pawtucket, RI 02860-6258 | RI | 1979-02 | $5,392,365 |
| 16 | Independent Order Of Odd Fellows | Po Box 296, Bristol, RI 02909 | RI | 1962-05 | $0 |
| 17 | Indepent Living Authority Of Rhode Island | 500 Prospect Street, Pawtucket, RI 02860-6258 | RI | 1990-04 | $368,348 |
| 18 | Indiana Automobile Insurance Plan | C/O Aipso 302 Central Avenue, Johnston, RI 02919 | RI | 1950-05 | $69,125 |
| 19 | Industrial Foundation Of Burrillville | 105 Harrisville Main Street, Harrisville, RI 02830-1403 | RI | 1967-08 | $14,089 |
| 20 | Industrial Park Water Co Inc | PO BOX 902, Slatersville, RI 02876-0894 | RI | $226,701 | |
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