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New York · Nonprofit

THE IMPOSSIBLE DREAM INC

THE IMPOSSIBLE DREAM INC (New York) receives grants from 24 organizations whose IRS filings report $621,597 to it, the largest being NETWORK FOR GOOD ($236,679). 10 of them have funded it in more than one year.

Revenue FY2025
$349k
Funders on record
24
Grants received
$622k
Net assets
$136k
10/24 repeat funderspeak grant-dependency 69%
01What it does

What The Impossible Dream Inc does

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

As stated on its FY2025 Form 990.

Programs

  1. Taking people with disabilities, wounded soldiers, and disadvantaged youth sailing aboard the universally accessible catamaran. Impossible dream received approximately $ 39,000 of in-kind docking during 2025.

    $292,797 spent$349,452 earned by the program
    100% of program spending
  2. Other program services, not described on the e-filed return.

    $0 spent
    0% of program spending

The 2 programs described on its FY2025 Form 990, listed largest first by expense. Program spending in total: $292,797.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($147k) Expenses 100 ($197k) Net assets 100 ($238k)2018 Revenue 101 ($148k) Expenses 100 ($197k) Net assets 79 ($189k)2019 Revenue 128 ($188k) Expenses 136 ($268k) Net assets 46 ($109k)2020 Revenue 138 ($203k) Expenses 118 ($232k) Net assets 34 ($81k)2021 Revenue 97 ($142k) Expenses 101 ($198k) Net assets 10 ($25k)2022 Revenue 194 ($285k) Expenses 132 ($261k) Net assets 21 ($50k)2023 Revenue 398 ($586k) Expenses 219 ($432k) Net assets 67 ($159k)2024 Revenue 146 ($214k) Expenses 150 ($295k) Net assets 33 ($79k)2025 Revenue 237 ($349k) Expenses 149 ($293k) Net assets 57 ($136k)
'17'18'19'20'21'22'23'24'25
Revenue (237)Expenses (149)Net assets (57)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $243k to $369k (+51%).

$252k
$211k
$206k
$215k
$146k
$243k
$369k
$278k
$332k
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

100% of THE IMPOSSIBLE DREAM INC’s revenue is contributions — more reliant on donations than three-quarters of its peers (18% for the typical peer).

This organization
Typical peer · 16,206 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 6 of the last 9 reported years ran a deficit.

−$50k
’17
−$49k
’18
−$80k
’19
−$28k
’20
−$56k
’21
$25k
’22
$154k
’23
−$80k
’24
$57k
’25
6.8
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

William Rey

CEO

Board chair

Deborah Mellen

Chairwoman

As listed on its FY2025 Form 990.

The chief executive listed changed between the FY2024 and FY2025 filings.

'17'18'19'20'21'22'23'24'25
Listed255555555
Joined··+0+0+0+0+0+0+0
No longer listed··0000000
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 2 funders to 6 funders, grant income rose $20k → $68k.

4 of 24 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 43% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of THE IMPOSSIBLE DREAM INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

THE IMPOSSIBLE DREAM INC leans on a few funders — its largest provides 38% of grant income and the top three 61%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

81% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund THE IMPOSSIBLE DREAM INC.

38%
largest funder
61%
top three
~5
effective funders

Largest funder’s share by year: 2017 50% · 2018 33% · 2019 53% · 2020 44% · 2021 61% · 2022 41% · 2023 30% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

23% of THE IMPOSSIBLE DREAM INC's funders are still giving 3 years after their first grant; 42% give in more than one year at all.

first grant+1y+2y+3y+4y+5y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

THE IMPOSSIBLE DREAM INC draws 79% of its grant income from funders outside New York, across 8 states in all.

IL
NY
MA
NJ
CT
RI
NC
FL

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
New York out of state home

Funder states come from each funder’s own filing. $270k arriving through sponsors registered in 3 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

THE IMPOSSIBLE DREAM INC runs a healthier operating margin than half of the 11,010 recreation & sports nonprofits its size.

Operating margin16% · above the median
Months of reserve6.8mo · above the median
Revenue growth (annualized)11% · above the median

this organization peer median middle 50% of peers· 11,010 recreation & sports nonprofits $100k–$1M, FY2025

Organizations like THE IMPOSSIBLE DREAM INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In New York

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

100% of spending goes to programs.

Program 100%Management 0%Fundraising 0%

Governance

5
board members
80%
independent
✓Conflict-of-interest policy–Whistleblower policy–Document retention✓Board reviewed the 990–Audited financials

Public support

63%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

FL

Screen this organization

A dated, signed PDF of the compliance screen for THE IMPOSSIBLE DREAM INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds THE IMPOSSIBLE DREAM INC?
THE IMPOSSIBLE DREAM INC (New York) receives grants from 24 organizations whose IRS filings report $621,597 to it, the largest being NETWORK FOR GOOD ($236,679). 10 of them have funded it in more than one year.
How many funders does THE IMPOSSIBLE DREAM INC have?
IRS filings report 24 organizations giving $621,597 in grants to THE IMPOSSIBLE DREAM INC, 10 of which have funded it in more than one year.
Who is the largest funder of THE IMPOSSIBLE DREAM INC?
NETWORK FOR GOOD is the largest funder on record, with $236,679 in grants. The full list of funders is on this page.
How can an organization like THE IMPOSSIBLE DREAM INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in New York. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Impossible Dream →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 24 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing