Civic Intelligence

The Impossible Dream Inc.

990 • Fiscal year 2017 • EIN 80-0969365

Jan 01, 2017 to Dec 31, 2017 • Filed on Sep 28, 2018

Organization ProfileN/A
50 West 47th St Ste 2113New York, NY 10036

(212) 336-2041

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

78th percentile

0.05x

Higher debt load relative to assets than 78% of similar nonprofits.

2017 filings • NTEE N • <$500k nonprofits • Source year 2017

Liabilities / Revenue

85th percentile

0.09x

Higher debt load relative to revenue than 85% of similar nonprofits.

2017 filings • NTEE N • <$500k nonprofits • Source year 2017

Net Margin

7th percentile

-34%

Higher net margin than 7% of similar nonprofits.

2017 filings • NTEE N • <$500k nonprofits • Source year 2017

Top Officer Pay

87th percentile

$0

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • NTEE N • <$500k nonprofits • Source year 2017

Asset Growth

19th percentile

-17%

Faster asset growth than 19% of similar nonprofits.

2017 filings • NTEE N • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

74th percentile

19%

Faster revenue growth than 74% of similar nonprofits.

2017 filings • NTEE N • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets78th percentile

Assets

Down

$252,000

Down $53,128 (-17%) from 2016

Net Assets

Down

$238,347

Down $49,733 (-17%) from 2016

Liabilities

Down

$13,653

Down $3,396 (-20%) from 2016

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin7th percentile

Revenue

Up

$147,148

Up $23,870 (+19%) from 2016

Expenses

Down

$196,881

Down $8,903 (-4.3%) from 2016

Net Income

Up

-$49,733

Up $32,773 (+40%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth19th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0Assets 2015: $386,816Liabilities 2015: $16,230Net Assets 2015: $370,5862015Assets 2016: $305,128Liabilities 2016: $17,049Net Assets 2016: $288,0802016Assets 2017: $252,000Liabilities 2017: $13,653Net Assets 2017: $238,3472017Assets 2018: $211,096Liabilities 2018: $22,096Net Assets 2018: $189,0002018Assets 2019: $205,507Liabilities 2019: $96,211Net Assets 2019: $109,2962019Assets 2020: $215,208Liabilities 2020: $134,130Net Assets 2020: $81,0782020Assets 2021: $146,223Liabilities 2021: $121,356Net Assets 2021: $24,8672021Assets 2022: $243,331Liabilities 2022: $193,801Net Assets 2022: $49,5302022Assets 2023: $368,638Liabilities 2023: $209,337Net Assets 2023: $159,3012023Assets 2024: $278,228Liabilities 2024: $199,115Net Assets 2024: $79,1132024

Highlighted filing

2017

Assets$252,000
Liabilities$13,653
Net Assets$238,347
Open 2017 Filing

Operations Trend

Revenue Growth74th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2015: $166,345Expenses 2015: $275,872Net Income 2015: -$109,5272015Revenue 2016: $123,278Expenses 2016: $205,784Net Income 2016: -$82,5062016Revenue 2017: $147,148Expenses 2017: $196,881Net Income 2017: -$49,7332017Revenue 2018: $147,962Expenses 2018: $197,309Net Income 2018: -$49,3472018Revenue 2019: $187,873Expenses 2019: $267,577Net Income 2019: -$79,7042019Revenue 2020: $203,367Expenses 2020: $231,585Net Income 2020: -$28,2182020Revenue 2021: $142,108Expenses 2021: $198,319Net Income 2021: -$56,2112021Revenue 2022: $285,471Expenses 2022: $260,808Net Income 2022: $24,6632022Revenue 2023: $585,889Expenses 2023: $431,546Net Income 2023: $154,3432023Revenue 2024: $214,397Expenses 2024: $294,585Net Income 2024: -$80,1882024

Highlighted filing

2017

Revenue$147,148
Expenses$196,881
Net Income-$49,733
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Sep 28, 2018
Return Version
2017v2.3
Gross Receipts
$147,148
Mission and Program Overview

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

To utilize impossible dream,a universally accessible 60' catarman, to engage global community and inspire people with disabilities,etc. Improve their independence & quality of life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$304,497$243,288▼ $61,209
Pd in Cap Srpls Land Bldg Eqp Fund$200,000$200,000→ $0
Rtn Earn Endowment Incm Other Fnds$88,080$38,347▼ $49,733
Cash and Non-Interest-Bearing Accounts$632$8,712▲ $8,080
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$305,129$252,000▼ $53,129
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$17,049$13,653▼ $3,396
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$17,049$13,653▼ $3,396
Net Assets / Fund Balance
Total Net Assets Fund Balance$288,080$238,347▼ $49,733
Total Liabilities and Net Assets / Fund Balance$305,129$252,000▼ $53,129

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$242,361$283,596$525,957
Other Land Buildings$927$4,437$5,364
Compensation and Service Providers
Top Officer Pay87th percentile

Board Members and Trustees

NameTitle
Deborah MellenChairwoman
Harry HoganTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$147,148
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$147,148
Change in Net Assets
$-49,733
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$196,881
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$61,208--$61,208
All Other Expenses$7,345--$7,345
Other Expenses$790--$790
Total Functional Expenses$196,881$0$0$196,881
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
The Impossible Dream INC
EIN
80-0969365
In Care Of
% DEBORAH MELLEN
Address
50 WEST 47TH ST STE 2113, NEW YORK, NY 10036

Signing Officer

Name
Deborah Mellen
Title
Chairwoman
Phone
2123362041
Signed
2018-09-28

Organization Details

Principal Officer
Deborah Mellen
Formed
2014
Legal Domicile
Ny
Voting Board Members
2
Independent Board Members
2
Employees
0

Preparer

Firm
Berdon LLP
Address
360 Madison Ave, New York, NY 10017
Preparer
Meyer Mintz
Phone
2128320400
Supplemental Narrative

Additional Explanations

Supplemental Information

“Regarding part vi, line 7a - as sole member of the foundation, the impossible dream, inc. Elects the board of directors. Regarding part vi, line 8a - actions of the board are taken by by unanimous written consent and the contemporaneously written consents are kept in the minutes book. Regarding part vi, line 8b - there are no committees of the board. Regarding part vi, line 11a - the foundation has its outside tax accountants prepare the form 990 in coordination with an officer of the foundation; the form 990 is reviewed by outside legal counsel, then sent to the members of the board of directors. Regarding part vi, lines 12-14 - the foundation's conflict of interest policy requires officers and directors to disclose conflicts as they arise. Given the small size of the board and the simplicity of the foundation's operations, the foundation does not employ additional monitoring procedures beyond this disclosure requirement and thorough discussion at its board meetings. The foundation does not have written document retention and destruction policy, but it does maintain a complete records of grants and other transactions, including grant leters and other written materials. Regarding part vi, line 15 - the foundation has no compensated employees, officers, or directors. Regarding part vi, line 19 - the foundation will make its governing documents, conflict of interest policy and financial statements available to the public on request.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0283596
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IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0927
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt04437
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt05364
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REGARDING PART VI, LINE 7A - AS SOLE MEMBER OF THE FOUNDATION, THE IMPOSSIBLE DREAM, INC. ELECTS THE BOARD OF DIRECTORS. REGARDING PART VI, LINE 8A - ACTIONS OF THE BOARD ARE TAKEN BY BY UNANIMOUS WRITTEN CONSENT AND THE CONTEMPORANEOUSLY WRITTEN CONSENTS ARE KEPT IN THE MINUTES BOOK. REGARDING PART VI, LINE 8B - THERE ARE NO COMMITTEES OF THE BOARD. REGARDING PART VI, LINE 11A - THE FOUNDATION HAS ITS OUTSIDE TAX ACCOUNTANTS PREPARE THE FORM 990 IN COORDINATION WITH AN OFFICER OF THE FOUNDATION; THE FORM 990 IS REVIEWED BY OUTSIDE LEGAL COUNSEL, THEN SENT TO THE MEMBERS OF THE BOARD OF DIRECTORS. REGARDING PART VI, LINES 12-14 - THE FOUNDATION'S CONFLICT OF INTEREST POLICY REQUIRES OFFICERS AND DIRECTORS TO DISCLOSE CONFLICTS AS THEY ARISE. GIVEN THE SMALL SIZE OF THE BOARD AND THE SIMPLICITY OF THE FOUNDATION'S OPERATIONS, THE FOUNDATION DOES NOT EMPLOY ADDITIONAL MONITORING PROCEDURES BEYOND THIS DISCLOSURE REQUIREMENT AND THOROUGH DISCUSSION AT ITS BOARD MEETINGS. THE FOUNDATION DOES NOT HAVE WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY, BUT IT DOES MAINTAIN A COMPLETE RECORDS OF GRANTS AND OTHER TRANSACTIONS, INCLUDING GRANT LETERS AND OTHER WRITTEN MATERIALS. REGARDING PART VI, LINE 15 - THE FOUNDATION HAS NO COMPENSATED EMPLOYEES, OFFICERS, OR DIRECTORS. REGARDING PART VI, LINE 19 - THE FOUNDATION WILL MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0SUPPLEMENTAL INFORMATION
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0196881
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IRS990/USAddress/AddressLine1Txt0IGT Bldg 50 WEST 47TH ST STE
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010036
IRS990/VotingMembersGoverningBodyCnt02
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IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/PersonNm0DEBORAH MELLEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRWOMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum02123362041
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-09-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Impossible Dream INC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0c/o Ben Mellen and Sons
ReturnHeader/Filer/BusinessNameControlTxt0IMPO
ReturnHeader/Filer/EIN0800969365
ReturnHeader/Filer/InCareOfNm0% DEBORAH MELLEN
ReturnHeader/Filer/USAddress/AddressLine1Txt050 WEST 47TH ST STE 2113
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010036
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId023D3670164CC50706CF796DB493A81F8F2005E2A
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0E416FC9E739AC0EE563799737AD05E3191A1BD53
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId026377420183165000004
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02018-11-12
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt072.22.173.199
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Berdon LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0360 Madison Ave
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0New York
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010017
ReturnHeader/PreparerPersonGrp/PhoneNum02128320400
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MEYER MINTZ
ReturnHeader/ReturnTs02018-11-19T13:25:10-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$252,000
Liabilities
$13,653
Net assets
$238,347
Revenue
$147,148
Expenses
$196,881
Net income
-$49,733
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.78$1.99$0.79$2.14$2.95$0.80
2023Detailed filing. Detailed filing data is available for this year.$3.69$2.09$1.59$5.86$4.32$1.54
2022Detailed filing. Detailed filing data is available for this year.$2.43$1.94$0.50$2.85$2.61$0.25
2021Detailed filing. Detailed filing data is available for this year.$1.46$1.21$0.25$1.42$1.98$0.56
2020Detailed filing. Detailed filing data is available for this year.$2.15$1.34$0.81$2.03$2.32$0.28
2019Detailed filing. Detailed filing data is available for this year.$2.06$0.96$1.09$1.88$2.68$0.80
2018Detailed filing. Detailed filing data is available for this year.$2.11$0.22$1.89$1.48$1.97$0.49
2017Detailed filing. Detailed filing data is available for this year.$2.52$0.14$2.38$1.47$1.97$0.50
2016Summary only. Only limited summary data is available for this year.$3.05$0.17$2.88$1.23$2.06$0.83
2015Summary only. Only limited summary data is available for this year.$3.87$0.16$3.71$1.66$2.76$1.10