Dreamality INC FY2021 filing

Tax-deductible

Morris Plains, NJ501(c)(3)Since 2008Arts & CultureEIN 26-2701068

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Dreamalitys mission is to help and assist children who display a strong talent in performing arts realize their full potential

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
$88K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $32K a year · 14% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$88K
to officers and key staff · 49% of spending
Concern: pay to officers and key staff is 49% of spending; over 30%.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $30K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$5K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$232K
+24% vs prior year
Spent
$179K
To programs
79%
Net assets
$104K
By yearFY2020–FY2025
Revenue
$232K
FY2021▲ +24%
Revenue by fiscal year
FY2020$188K
FY2021$232K
FY2022$268K
FY2023$215K
FY2024$237K
FY2025$258K
Expenses
$179K
FY2021▲ +9%
Expenses by fiscal year
FY2020$164K
FY2021$179K
FY2022$222K
FY2023$197K
FY2024$206K
FY2025$237K
Net assets
$104K
FY2021▲ +102%
Net assets by fiscal year
FY2020$52K
FY2021$104K
FY2022$88K
FY2023$80K
FY2024$84K
FY2025$105K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Revoked May 2020, reinstated. IRS ruling Jun 2021, per the IRS master file. Latest filing on record: FY2025. IRS ruling in Jun 2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $142K Management & general 21% · $38K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990; $88K paid to officers and key staff.

Part VII, Section A · reportable compensation
$87,500Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A

Ranjini Ettigi’s $90K as CEO is at the 83rd percentile of top reported officer pay among 2216 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2022FY2021FY2020
Ranjni Ettigi——$96,592
Ranjini Ettigi$90,000$87,500—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Dreamality INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps talented children in performing arts reach their full potential.

Provided by the organization

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1 program · $142K · in their own filed words · FY2021
01

Dreamalitys mission is to help and assist children who display a strong talent in performing arts realize their full potential

$142Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$30K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$232K
Ln 12
Fees for servicesLn 2g$137K
Gifts and grantsLn 1h$95K
Other incomeLn 4–11$300
Money outPt IX
$179K
Ln 25
Programscol B$142K
Managementcol C$38K
Owns and owesPt X
$104K
net assets · Ln 32
Cash and savingsLn 1–2$59K
Total assetsLn 16$109K
LiabilitiesLn 26$5K
PeoplePt VI, VII
3
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$95K
Fundraising eventsLn 1c$94K
Fees for servicesLn 2g$137K
Other incomeLn 4–11$300
Total revenueLn 12$232K
Assets in detailPt X, end of year
CashLn 1$59K
Cash and savings togetherLn 1–2$59K
Total assetsLn 16$109K
LiabilitiesLn 26$5K
Net assetsLn 32$104K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$54K$59K
Total assetsLn 16$56K$109K
LiabilitiesLn 26$4K$5K
Net assetsLn 32$52K$104K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$88K$79K$9K
Payroll taxesLn 10$7K$6K$669
Management feesLn 11a$7K$6K$670
Office expensesLn 13$8K$7K$1K
Information technologyLn 14$2K$2K$210
OccupancyLn 16$7K$7K$749
TravelLn 17$4K$4K$403
InsuranceLn 23$3K$2K$275
Other expenses (24a–d)Ln 24$54K$29K$25K
All other expensesLn 24e$147$132$15
Total functional expensesLn 25$179K$142K$38K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $258K$237K$21K$105K 990 PDF
FY2024 $237K$206K$31K$84K 990 PDF
FY2023 $215K$197K$18K$80K 990 PDF
FY2022 $268K$222K$46K$88K 990 PDF
FY2021 Viewing $232K$179K$53K$104K 990 PDF
FY2020 $188K$164K$24K$52K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $232,217 across 6 lines filed
VIII-1c Fundraising events$94,066
VIII-1f All other contributions, gifts and grants$1,010
VIII-1h Total contributions, gifts and grants$95,076
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $136,841$136,841
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $300$300
VIII-12 Total revenueRelated to mission $137,141 · Unrelated business $0 · Excluded from tax $0$232,217
Part IX · Statement of functional expenses $179,459 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $78,750 · Management $8,750$87,500
IX-10 Payroll taxesPrograms $6,025 · Management $669$6,694
IX-11a Management feesPrograms $6,030 · Management $670$6,700
IX-13 Office expensesPrograms $7,058 · Management $1,059$8,117
IX-14 Information technologyPrograms $1,886 · Management $210$2,096
IX-16 OccupancyPrograms $6,737 · Management $749$7,486
IX-17 TravelPrograms $3,630 · Management $403$4,033
IX-23 InsurancePrograms $2,480 · Management $275$2,755
IX-24 Other expenses (24a–d)Programs $28,839 · Management $25,092$53,931
IX-24e All other expensesPrograms $132 · Management $15$147
IX-25 Total functional expensesPrograms $141,567 · Management $37,892 · Fundraising $0$179,459
Part X · Balance sheet $109,479 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $53,799$59,472
X-4 Accounts receivable$50,007
X-16 Total assetsStart of year $55,649$109,479
X-17 Accounts payable and accrued expensesStart of year $4,062$5,134
X-26 Total liabilitiesStart of year $4,062$5,134
X-27 Net assets without donor restrictionsStart of year $51,587$59,472
X-28 Net assets with donor restrictions$44,873
X-32 Total net assets or fund balancesStart of year $51,587$104,345
X-33 Total liabilities and net assetsStart of year $55,649$109,479
Part XI · Reconciliation of net assets $104,345 net assets at year end
XI-1 Total revenue$232,217
XI-2 Total expenses$179,459
XI-3 Revenue less expenses$52,758
XI-4 Net assets at start of year$51,587
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$104,345

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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