HEARTFELT DREAMS FOUNDATION LTD: Form 990EZ, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
HEARTFELT DREAMS FOUNDATION LTD (EIN 83-2964412)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-07-26
IRS object ID
202102079349200310
Schema version
2020v4.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2021-07-26T09:05:19-05:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN042571780PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1AAFCPAS INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line150 WASHINGTON STREETAddressLine1Txt
CityWESTBOROUGHCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01581ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN832964412EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1HEARTFELT DREAMS FOUNDATION LTDBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlHEARBusinessNameControlTxt
Phone9783029467PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11 TAYLORS WAYAddressLine1Txt
CityHOLLISCityNm
State AbbreviationNHStateAbbreviationCd
ZIP03049ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonERIC ANKERUDPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone9783029467PhoneNum
Signature2021-07-21SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstERICPersonFirstNm
Person LastANKERUDPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJOYCE RIPIANZI CPAPreparerPersonNm
PTINP00548581PTIN
Phone5083669100PhoneNum
Preparation2021-07-21PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Website AddressWWW.HEARTFELTDREAMSFOUNDATION.ORGWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$26,291GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$26,028ContributionsGiftsGrantsEtcAmt
Investment Income$263InvestmentIncomeAmt
Total Revenue$26,291TotalRevenueAmt
Grants And Similar Amounts Paid$50,000GrantsAndSimilarAmountsPaidAmt
Fees And Other Pymt To Ind Cntrct$3,782FeesAndOtherPymtToIndCntrctAmt
Other Expenses Total$8,556OtherExpensesTotalAmt
Total Expenses$62,338TotalExpensesAmt
Excess Or Deficit For Year-$36,047ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$116,231NetAssetsOrFundBalancesBOYAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY$80,184NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$117,582BOYAmt
EOY$80,184EOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

FieldValueIRS element (for citing)
BOY$1,689BOYAmt
EOY$0EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$119,271BOYAmt
EOY$80,184EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$3,040BOYAmt
EOY$0EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$116,231BOYAmt
EOY$80,184EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
Primary Exempt PurposeHEARTFELT DREAMS FOUNDATION, LTD. ("THE FOUNDATION") IS A NOT-FOR-PROFIT ORGANIZATION THAT ESTABLISHES FUNDS FOR ADULT CONGENITAL HEART DISEASE EDUCATION AND RESEARCH. THE ORGANIZATION ALSO ESTABLISHES SCHOLARSHIP FUNDS FOR CARDIAC NURSES AT MASSACHUSETTS GENERAL HOSPITAL AND OTHER HOSPITALS IN THE U.S.IN ADDITION TO ESTABLISHING FUNDS, THE ORGANIZATION ALSO ASSISTS INDIVIDUALS BY DIRECTLY DONATING TO FAMILIES AFFECTED BY A CONGENITAL HEART DEFECT IN ORDER TO SUPPORT THEIR MEDICAL EXPENSES.PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp

FieldValueIRS element (for citing)
Description Program Srvc AccomHEARTFELT DREAMS FOUNDATION, LTD. ("THE FOUNDATION") IS A NOT-FOR-PROFIT ORGANIZATION THAT ESTABLISHES FUNDS FOR ADULT CONGENITAL HEART DISEASE EDUCATION AND RESEARCH. THE ORGANIZATION ALSO ESTABLISHES SCHOLARSHIP FUNDS FOR CARDIAC NURSES AT MASSACHUSETTS GENERAL HOSPITAL AND OTHER HOSPITALS IN THE U.S.IN ADDITION TO ESTABLISHING FUNDS, THE ORGANIZATION ALSO ASSISTS INDIVIDUALS BY DIRECTLY DONATING TO FAMILIES AFFECTED BY A CONGENITAL HEART DEFECT IN ORDER TO SUPPORT THEIR MEDICAL EXPENSES.DescriptionProgramSrvcAccomTxt
Grants And Allocations$50,000GrantsAndAllocationsAmt
Program Service Expenses$62,298ProgramServiceExpensesAmt
FieldValueIRS element (for citing)
Total Program Service Expenses$62,298TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (6 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
LORI ANKERUD
BOARD CHAIRPERSON1.00$0$0$0
SALLY MCKAY
BOARD MEMBER1.00$0$0$0
SUZANNE LASCALZA
BOARD MEMBER1.00$0$0$0
GWENDOLYN WATANABE
BOARD MEMBER1.00$0$0$0
LEE LEICHTER
BOARD MEMBER1.00$0$0$0
ERIC ANKERUD
CEO & PRESIDENT5.00$0$0$0
FieldValueIRS element (for citing)
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not Rpt0ChgMadeToOrgnzngDocNotRptInd
Organization Had UBI0OrganizationHadUBIInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Direct Indirect Pltcl Expend$0DirectIndirectPltclExpendAmt
Made Loans To From Officers0MadeLoansToFromOfficersInd
Tax Imposed Under IRC4911$0TaxImposedUnderIRC4911Amt
Tax Imposed Under IRC4912$0TaxImposedUnderIRC4912Amt
Tax Imposed Under IRC4955$0TaxImposedUnderIRC4955Amt
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
Tax Imposed On Organization Mgr$0TaxImposedOnOrganizationMgrAmt
Tax Reimbursed By Organization$0TaxReimbursedByOrganizationAmt
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
States Where Copy Of Return Is FldNHStatesWhereCopyOfReturnIsFldCd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonERIC ANKERUDPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11 TAYLORS WAYAddressLine1Txt
CityHOLLISCityNm
State AbbreviationNHStateAbbreviationCd
ZIP03049ZIPCd
FieldValueIRS element (for citing)
Phone9783029467PhoneNum
FieldValueIRS element (for citing)
Foreign Financial Account0ForeignFinancialAccountInd
Foreign Office0ForeignOfficeInd
Donor Advised Fnds0DonorAdvisedFndsInd
Operate Hospital0OperateHospitalInd
Tanning Services Provided0TanningServicesProvidedInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
School Operating0SchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Filed Schedule AYes (1)FiledScheduleAInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$100,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$51,069CurrentTaxYearMinus1YearAmt
Current Tax Year$27,717CurrentTaxYearAmt
Total$178,786TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$100,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$51,069CurrentTaxYearMinus1YearAmt
Current Tax Year$27,717CurrentTaxYearAmt
Total$178,786TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$178,786PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$1,153CurrentTaxYearMinus1YearAmt
Current Tax Year$263CurrentTaxYearAmt
Total$1,416TotalAmt
FieldValueIRS element (for citing)
Total Support$180,202TotalSupportAmt
First5 Years170Yes (X)First5Years170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOMEDESCRIPTION: INTEREST INCOME. AMOUNT: 263.
FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAIDACTIVITY CLASSIFICATION: GRANT. GRANTEE NAME: MASSACHUSETTS GENERAL HOSPITAL. GRANTEE ADDRESS: 55 FRUIT STREET BOSTON, MA 02114. GRANTEE RELATIONSHIP: N/A. PROPERTY DESCRIPTION: CASH. AMOUNT GIVEN: 50,000. TOTAL INCLUDED ON FORM 990-EZ, LINE 10: 50,000.
FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSESDESCRIPTION: BANK CHARGES. AMOUNT: 10. DESCRIPTION: SUPPLIES. AMOUNT: 1,767. DESCRIPTION: TRAVEL AND MEETINGS. AMOUNT: 6,779. TOTAL TO FORM 990-EZ, LINE 16: 8,556.
FORM 990-EZ, PART II, LINE 24 - OTHER ASSETSDESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 1,689. END OF YEAR AMOUNT: 0.
FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIESDESCRIPTION: ACCRUED EXPENSES. BEG. OF YEAR AMOUNT: 3,040. END OF YEAR AMOUNT: 0. DESCRIPTION: .. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 0.

Transfer Prsnl Bnft Contracts Decl TransferPrsnlBnftContractsDecl

FieldValueIRS element (for citing)
DeclarationTHE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.DeclarationDesc

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