GARDEN OF DREAMS FOUNDATION

EIN: 133979726 501(c)(3) Philanthropy & Grantmaking

New York, NY

Total Revenue
$8,931,458
Total Expenses
$8,537,226
Total Assets
$6,870,672
Net Assets
$5,688,843
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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
NY
Phone
2124654170
Tax Period
2024-09-01 to 2025-08-31

GARDEN OF DREAMS FOUNDATION, founded in 1997, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $8.9M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $8.5M left a modest 4% surplus.

Mission

OUR MISSION IS SUPPORTED BY THREE CORE PILLARS: 1) COMMUNITY PROJECTS - WE PROVIDE DIRECT FINANCIAL SUPPORT FOR IMPROVEMENTS TO COMMUNITY FACILITIES, AS WELL AS FOR COMMUNITY-BASED SPORTS, ENTERTAINMENT AND MEDIA PROJECTS, THAT ENHANCE THE ENVIRONMENT OF YOUNG PEOPLE WHERE THEY LIVE AND GROW. 2) EDUCATION - WE PROVIDE SCHOLARSHIPS FOR COLLEGE AND TRADE SCHOOLS AS WELL AS MENTORSHIP AND CAREER EXPOSURE PROGRAMS THAT OPEN THE DOORS TO OPPORTUNITIES AND IMPACT OUR YOUNG PEOPLE'S FUTURES. 3) INSPIRATION & JOY - WE PROVIDE UNFORGETTABLE EXPERIENCES THAT INSPIRE YOUNG PEOPLE IN OUR COMMUNITIES, AND FOSTER HEALING AND JOY.

Program Service Accomplishments

Program 1
Expenses: $4,585,050 Revenue: $0

EVENTS AT MADISON SQUARE GARDEN, RADIO CITY MUSIC HALL, TEAMS' TRAINING CENTER AND OTHER VENUES: THE FOUNDATION PROVIDES ACCESS TO EVENTS SUCH AS CONCERTS, SPORTING EVENTS AND A TALENT SHOW, AS WELL...

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EVENTS AT MADISON SQUARE GARDEN, RADIO CITY MUSIC HALL, TEAMS' TRAINING CENTER AND OTHER VENUES: THE FOUNDATION PROVIDES ACCESS TO EVENTS SUCH AS CONCERTS, SPORTING EVENTS AND A TALENT SHOW, AS WELL AS PROGRAMMING SUCH AS MENTORING & EDUCATIONAL OPPORTUNITIES AT VARIOUS VENUES, INCLUDING MSG, RADIO CITY MUSIC HALL, MSG TRAINING CENTER & OTHER VENUES. THE FOUNDATION ALSO SUPPORTS THE CHILDREN OF ITS PARTNER ORGANIZATIONS THROUGH VARIOUS DIRECT DONATIONS THROUGHOUT THE YEAR, SUCH AS AN ADOPT-A-FAMILY DRIVE DURING THE HOLIDAY SEASON IN WHICH MSG EMPLOYEES CAN PURCHASE NECESSARY FOOD, CLOTHING & OTHER ITEMS FOR SPECIFIC FAMILIES.

Program 2
Expenses: $1,888,293 Revenue: $0

THE GARDEN OF DREAMS GIVING PROGRAM: THE PROGRAM HELPS ITS PARTNER ORGANIZATIONS MEET THE CRITICAL NEEDS OF THE CHILDREN THEY SERVE, INCLUDING THROUGH DIRECT SUPPORT OF COLLEGE SCHOLARSHIPS AND...

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THE GARDEN OF DREAMS GIVING PROGRAM: THE PROGRAM HELPS ITS PARTNER ORGANIZATIONS MEET THE CRITICAL NEEDS OF THE CHILDREN THEY SERVE, INCLUDING THROUGH DIRECT SUPPORT OF COLLEGE SCHOLARSHIPS AND CAPITAL IMPROVEMENT PROJECTS WITHIN THE COMMUNITY. EXAMPLES OF THESE GRANTS ARE REFURBISHMENTS OF GYMNASIUMS, DANCE STUDIOS, RECORDING STUDIOS AND CHILDREN'S HOSPITAL WINGS.

Program 3
Expenses: $342,360 Revenue: $0

CBO SUPPORT: IN RESPONSE TO THE PANDEMIC & THROUGH ITS COMMUNITY ORGANIZATIONS THE FOUNDATION PROVIDED ASSISTANCE TO FAMILIES SUFFERING FROM FOOD SCARCITY THROUGH THE PROVISION OF MEALS AND OTHER...

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CBO SUPPORT: IN RESPONSE TO THE PANDEMIC & THROUGH ITS COMMUNITY ORGANIZATIONS THE FOUNDATION PROVIDED ASSISTANCE TO FAMILIES SUFFERING FROM FOOD SCARCITY THROUGH THE PROVISION OF MEALS AND OTHER SUPPLIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $8,718,901
Program Service Revenue $0
Investment Income $212,557
Other Revenue $0
TOTAL REVENUE $8,931,458

Expense Breakdown

Grants Paid $5,485,161
Salaries & Benefits $0
Fundraising Expenses $873,847
Program Expenses $6,921,766
Other Expenses $3,052,065
TOTAL EXPENSES $8,537,226

Year-over-Year Comparison

2024 2023 Change
Revenue $8,931,458 $10,373,005 -0.1%
Expenses $8,537,226 $8,565,298 0.0%
Net Income $394,232 $1,807,707 -0.8%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
23
Independent Members
23
Employees
N/A
Volunteers
37

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$0
Total Directors
24
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARRY WATKINS CHAIRMAN 2.5
Officer Director
$0 $0 $0
DAVID VINIAR CO-VICE CHAIRPERSON 0.2
Officer Director
$0 $0 $0
GARY FUHRMAN CO-VICE CHAIRPERSON 0.2
Officer Director
$0 $0 $0
JOEL FISHER CO-VICE CHAIRPERSON 0.8
Officer Director
$0 $0 $0
RICH CONSTABLE CO-VICE CHAIRPERSON 2.0
Officer Director
$0 $0 $0
VICTORIA MINK TREASURER 0.5
Officer Director
$0 $0 $0
ADAM GRAVES DIRECTOR 0.2
Director
$0 $0 $0
ANDREA GREENBERG DIRECTOR 0.2
Director
$0 $0 $0
BRAD KARP DIRECTOR 0.2
Director
$0 $0 $0
CRISTINA DOLAN DIRECTOR 0.2
Director
$0 $0 $0
DARRYL MCDANIELS DIRECTOR 0.5
Director
$0 $0 $0
DREW NIEPORENT DIRECTOR 0.2
Director
$0 $0 $0
JAMAAL LESANE DIRECTOR 0.2
Director
$0 $0 $0
JILL MARTIN DIRECTOR 0.2
Director
$0 $0 $0
JOHN STARKS DIRECTOR 0.2
Director
$0 $0 $0
JUSTIN TUCK DIRECTOR 0.2
Director
$0 $0 $0
MARY PAT CLARKE DIRECTOR 1.0
Director
$0 $0 $0
MATTHEW MODINE DIRECTOR 0.2
Director
$0 $0 $0
NEIL GOLDMACHER DIRECTOR 0.2
Director
$0 $0 $0
RANDY MASTRO DIRECTOR (THRU 3/27/2025) 0.2
Director
$0 $0 $0
STEVE SHAPIRO DIRECTOR (AS OF 6/12/2025) 0.2
Director
$0 $0 $0
SUJIN DOLAN DIRECTOR 0.2
Director
$0 $0 $0
TARA LIPTON DIRECTOR 0.2
Director
$0 $0 $0
WHOOPI GOLDBERG DIRECTOR 0.2
Director
$0 $0 $0
ALEX SHVARTSMAN CONTROLLER (AS OF 7/1/2025) 4.0
Officer
$0 $0 $0
DEBRA SHUWARGER SECRETARY 0.8
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $8,931,458 $8,537,226 $6,870,672 $394,232
2024 $10,373,005 $8,565,298 $6,302,573 $1,807,707
2023 $5,971,126 $6,296,809 $4,016,825 $-325,683
2022 $4,697,201 $4,065,203 $4,078,760 $631,998
2021 $1,261,659 $1,122,854 $3,221,064 $138,805
2020 $4,893,422 $7,946,176 $3,597,322 $-3,052,754
2019 $8,531,149 $7,064,500 $6,624,806 $1,466,649
2018 $7,305,001 $7,665,242 $5,125,487 $-360,241
2018 $7,305,001 $7,664,242 $5,125,487 $-359,241
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