The Ican Dream Foundation strives to expand the educational and social mission of the Ican Dream center by providing financial backing beyond the means of their public funding, and by fostering long-term community partnerships.

501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
Run by 2 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
3 of 4
filings with a surplus
Average surplus $92K a year · 42% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
5 mo
of spending, in cash
Looks good: 5.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $289K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$325
0.08% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 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
$62K
-72% vs prior year
Spent
$196K
To programs
71%
Net assets
$404K
By yearFY2022–FY2025
Revenue
$62K
FY2025▼ -72%
Tap a bar for its year
Revenue by fiscal year
FY2022$186K
FY2023$421K
FY2024$220K
FY2025$62K
Expenses
$196K
FY2025▲ +29%
Tap a bar for its year
Expenses by fiscal year
FY2022$77K
FY2023$94K
FY2024$152K
FY2025$196K
Net assets
$404K
FY2025▼ -25%
Tap a bar for its year
Net assets by fiscal year
FY2022$143K
FY2023$470K
FY2024$538K
FY2025$404K

From the FY2025 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2021.

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

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $139K Management & general 29% · $57K Fundraising 0% · $307

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.

Part VII, Section A · reportable compensation
Executive Director/President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Ican Dream Foundation 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 15aNo

Programs and updates

Funds educational and social programs, building community partnerships for a learning center.

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Provided by the organization

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1 program · $139K · in their own filed words · FY2025
01

The ican dream foundation raises funds for the exclusive, specific, and explicit benefit of the students and families of ican dream students.

$139Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 3 funders$289K
See all 3 funders →
Grants paid · 1 grant · $20K · 2022–2022
Ican Dream Center NfpIL · FY2022$20,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$62K
Ln 12
Gifts and grantsLn 1h$40K
Other incomeLn 4–11$21K
Fees for servicesLn 2g$615
Money outPt IX
$196K
Ln 25
Programscol B$139K
Managementcol C$57K
Fundraisingcol D$307
Owns and owesPt X
$404K
net assets · Ln 32
Cash and savingsLn 1–2$81K
Total assetsLn 16$404K
LiabilitiesLn 26$325
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$40K
Fees for servicesLn 2g$615
Other incomeLn 4–11$21K
Total revenueLn 12$62K
Assets in detailPt X, end of year
CashLn 1$81K
Cash and savings togetherLn 1–2$81K
Land, buildings, equipmentLn 10c$72K
Other assetsLn 15$240K
Total assetsLn 16$404K
LiabilitiesLn 26$325
Net assetsLn 32$404K
OperationsPt I, VI
EmployeesI 50
VolunteersI 62
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$439K$81K
Land, buildings, equipmentLn 10c$99K$72K
Total assetsLn 16$539K$404K
LiabilitiesLn 26$450$325
Net assetsLn 32$538K$404K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$575$575
Accounting feesLn 11c$19K$19K
Other fees for servicesLn 11g$14K$14K
Office expensesLn 13$4K$4K
Information technologyLn 14$21K$21K
OccupancyLn 16$6K$6K$86$14
TravelLn 17$5K$5K
Conferences, conventions and meetingsLn 19$9K$9K
Depreciation, depletion and amortizationLn 22$29K$27K$2K$293
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$15K$15K
All other expensesLn 24e$70K$49K$22K
Total functional expensesLn 25$196K$139K$57K$307

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $62K$196K−$134K$404K 990 PDF
FY2024 $220K$152K$68K$538K 990 PDF
FY2023 $421K$94K$327K$470K 990 PDF
FY2022 $186K$77K$109K$143K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $61,990 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $196,923$40,263
I-9 Program service revenuePrior year $0$615
I-10 Investment incomePrior year $2,866$0
I-11 Other revenuePrior year $20,203$21,112
I-12 Total revenuePrior year $219,992$61,990
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $152,038$196,293
I-18 Total expensesPrior year $152,038$196,293
I-19 Revenue less expensesPrior year $67,954−$134,303
Part VI · Governance 2 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $61,990 across 5 lines filed
VIII-1f All other contributions, gifts and grants$40,263
VIII-1h Total contributions, gifts and grants$40,263
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $615$615
VIII-8 Net income from fundraising eventsExcluded from tax $21,112$21,112
VIII-12 Total revenueRelated to mission $615 · Unrelated business $0 · Excluded from tax $21,112$61,990
Part IX · Statement of functional expenses $196,293 across 12 lines filed
IX-11b Legal feesManagement $575$575
IX-11c Accounting feesManagement $19,285$19,285
IX-11g Other fees for servicesManagement $13,700$13,700
IX-13 Office expensesPrograms $4,179$4,179
IX-14 Information technologyPrograms $20,858$20,858
IX-16 OccupancyPrograms $6,340 · Management $86 · Fundraising $14$6,440
IX-17 TravelPrograms $5,379$5,379
IX-19 Conferences, conventions and meetingsPrograms $9,380$9,380
IX-22 Depreciation, depletion and amortizationPrograms $27,275 · Management $1,760 · Fundraising $293$29,328
IX-23 InsurancePrograms $1,694$1,694
IX-24 Other expenses (24a–d)Programs $15,076$15,076
IX-24e All other expensesPrograms $48,596 · Management $21,803$70,399
IX-25 Total functional expensesPrograms $138,777 · Management $57,209 · Fundraising $307$196,293
Part X · Balance sheet $404,153 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $438,735$81,286
X-4 Accounts receivableStart of year $279$2,321
X-9 Prepaid expenses and deferred charges$8,259
X-10c Land, buildings and equipment, netStart of year $99,426$72,287
X-15 Other assetsStart of year $141$240,000
X-16 Total assetsStart of year $538,581$404,153
X-17 Accounts payable and accrued expensesStart of year $450$325
X-26 Total liabilitiesStart of year $450$325
X-27 Net assets without donor restrictionsStart of year $486,131$375,964
X-28 Net assets with donor restrictionsStart of year $52,000$27,864
X-32 Total net assets or fund balancesStart of year $538,131$403,828
X-33 Total liabilities and net assetsStart of year $538,581$404,153
Part XI · Reconciliation of net assets $403,828 net assets at year end
XI-1 Total revenue$61,990
XI-2 Total expenses$196,293
XI-3 Revenue less expenses−$134,303
XI-4 Net assets at start of year$538,131
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$403,828

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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