Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2015.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
100 cents of each dollar spent went to programs.
Form 990 Part IX, line 25. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
5 people listed on the 990; $67K paid to officers and key staff.
William Rey’s $67K as CEO is at the 75th percentile of top reported officer pay among 1017 $100K–1M recreation & sports 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
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| William Rey | $67,040 | $59,082 | $55,200 | $82,800 | $67,000 | $58,242 |
| David McCauley | — | $5,068 | — | — | — | — |
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 The Impossible Dream INC executive salaries →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
Engage global communities and inspire people with disabilities to improve independence and quality of life.
Questions for The Impossible Dream INC
Your first name shows with your question. The Impossible Dream INC answers here, for everyone.
Taking people with disabilities, wounded soldiers, and disadvantaged youth sailing aboard the universally accessible CATAMARAN.IMPOSSIBLE dream received approximately $10,000 of in-kind docking during 2021.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $95K | $60K |
| Land, buildings, equipmentLn 10c | $121K | $86K |
| Total assetsLn 16 | $215K | $146K |
| LiabilitiesLn 26 | $134K | $121K |
| Net assetsLn 32 | $81K | $25K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other fees for servicesLn 11g | $67K | $67K | ||
| InterestLn 20 | $2K | $2K | ||
| Depreciation, depletion and amortizationLn 22 | $34K | $34K | ||
| InsuranceLn 23 | $13K | $13K | ||
| Other expenses (24a–d)Ln 24 | $82K | $82K | ||
| Total functional expensesLn 25 | $198K | $198K | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS Apr 24, 2026 | $349K | $293K | $57K | $136K | 990 PDF |
| FY2024Filed with the IRS Nov 4, 2025 | $214K | $295K | −$80K | $79K | 990 PDF |
| FY2023Filed with the IRS Nov 1, 2024 | $586K | $432K | $154K | $159K | 990 PDF |
| FY2022Filed with the IRS Oct 19, 2023 | $285K | $261K | $25K | $50K | 990 PDF |
| FY2021 ViewingFiled with the IRS Jul 20, 2022 | $142K | $198K | −$56K | $25K | 990 PDF |
| FY2020Filed with the IRS Jun 25, 2021 | $203K | $232K | −$28K | $81K | 990 PDF |
Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $142,108 revenue, 12 lines filed
Part VI · Governance 5 of 5 board members independent, 2 to look at
Part VIII · Statement of revenue $142,108 across 3 lines filed
Part IX · Statement of functional expenses $198,319 across 5 lines filed
Part X · Balance sheet $146,223 assets, 8 lines filed
Part XI · Reconciliation of net assets $24,867 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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