Nonprofit · EIN 27-1409160
TOBYS DREAM FOUNDATION INC
Tax-exempt · VIRGINIA BCH, VA 23462
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2026 | 990 | $349,322 | $379,943 | -$30,621 | $434,781 | $19,437 | $415,344 |
| March 31, 2025 | 990 | $530,443 | $334,484 | $195,959 | $640,325 | $18,900 | $621,425 |
| March 31, 2024 | 990 | $769,683 | $388,261 | $381,422 | $675,140 | $14,638 | $660,502 |
| March 31, 2023 | 990 | $541,583 | $274,704 | $266,879 | $683,370 | $18,723 | $664,647 |
Financial details: 990 for the year ended March 31, 2026
Revenue
- Contributions, gifts and grants
- $364,895
- Program service revenue
- $0
- Investment income
- -$58
- Net gain from sales of assets
- -$162
- Net income from fundraising events
- -$15,515
- Other revenue
- -$15,515
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $109,999
- Salaries, compensation and benefits (total)
- $193,544
- Professional fundraising fees
- $0
- Accounting fees
- $3,142
- Occupancy
- $19,081
- Travel
- $34,352
- Depreciation
- $339
- Program services (functional)
- $332,609
- Management and general (functional)
- $47,334
Balance sheet and other
- Total assets, start of year
- $640,325
- Total assets, end of year
- $434,781
- Total liabilities, end of year
- $19,437
- Net assets, end of year
- $415,344
- Land, buildings and equipment
- $872
- Net assets without donor restrictions
- $415,344
- Gross receipts
- $364,999
- Employees
- 5
- Volunteers
- 0
- Year formed
- 2009
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended March 31, 2026, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOAN STEELE | EXECUTIVE DIRECTOR Officer | 40 | $110,000 |
| ELAINE SHULMAN | SECRETARY Trustee or director | 3 | $0 |
| DON COBERLY | PRESIDENT Trustee or director | 3 | $0 |
| CHRISTINA MINTON | TREASURER Trustee or director | 3 | $0 |
| MATT WILLETTE | DIRECTOR Trustee or director | 3 | $0 |
| DAVE STEPHENS | VICE PRESIDENT Trustee or director | 3 | $0 |
| MARLYN FABRIZIO | DIRECTOR Trustee or director | 3 | $0 |
990 for the year ended March 31, 2025: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOAN STEELE | EXECUTIVE DIRECTOR Officer | 40 | $88,000 |
| ELAINE SHULMAN | SECRETARY Trustee or director | 3 | $0 |
| DON COBERLY | PRESIDENT Trustee or director | 3 | $0 |
| CHRISTINA MINTON | TREASURER Trustee or director | 3 | $0 |
| MATT WILLETTE | DIRECTOR Trustee or director | 3 | $0 |
| DAVE STEPHENS | VICE PRESIDENT Trustee or director | 3 | $0 |
| MARLYN FABRIZIO | DIRECTOR Trustee or director | 3 | $0 |
990 for the year ended March 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOAN STEELE | EXECUTIVE DIRECTOR Officer | 40 | $99,500 |
| ELAINE SHULMAN | SECRETARY Trustee or director | 3 | $0 |
| DON COBERLY | PRESIDENT Trustee or director | 3 | $0 |
| CHRISTINA MINTON | TREASURER Trustee or director | 3 | $0 |
| MATT WILLETTE | DIRECTOR Trustee or director | 3 | $0 |
| DAVE STEPHENS | VICE PRESIDENT Trustee or director | 3 | $0 |
| DAWN BROWN | DIRECTOR Trustee or director | 3 | $0 |
990 for the year ended March 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOAN STEELE | EXECUTIVE DIRECTOR Officer | 40 | $68,000 |
| ELAINE SHULMAN | SECRETARY Trustee or director | 3 | $0 |
| BARRY EZELL | PRESIDENT Trustee or director | 3 | $0 |
| CHRISTINA MINTON | TREASURER Trustee or director | 3 | $0 |
| MATT WILLETTE | DIRECTOR Trustee or director | 3 | $0 |
| DON COBERLY | VICE PRESIDENT Trustee or director | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 283 CONSTITUTION DR STE 600, VIRGINIA BCH, VA 23462-6760
- Principal officer (990 for 2025)
- JOAN STEELE, 283 CONSTITUTION DD SUITE 600, VIRGINIA BEACH, VA 23462
- Signed the 990
- JOAN STEELE, EXECUTIVE DIRECTOR
- Phone
- (757) 490-7874
- Website
- WWW.TOBYSDREAM.ORG
- Return prepared by
- MINTON CPA & ASSOCIATES
Mission
TO FULFILL THE DREAMS OF CHILDREN WHO ARE LIVING WITH LIFE-THREATENING ILLNESSES IN THE HAMPTON ROADS REGION AND THE EASTERN SHORE OF VIRGINIA.
Program accomplishments
- THE PROGRAM CONSISTS OF MAKING CHILDREN'S DREAMS COME TRUE THROUGH PROVIDING ACCESS TO AMUSEMENT PARK ADMISSION FOR THE CHILD AND FAMILY, MEALS WHILE AWAY, SEND OFF PARTIES, LODGING, LIMOUSINE RIDES, SHOPPING SPREES. EVERY CHILD'S DREAM IS DIFFERENT AND THE FUNDS WERE USED TO MAKE EACH SPECIFIC DREAM SPECIAL. THE ORGANIZATION FULFILLED 30 "DREAMS" OF QUALIFYING CHILDREN WITH LIFE THREATENING ILLNESSES DURING THE CURRENT FISCAL YEAR.Expenses $332,609
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | 990 on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 27-1409160
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2010
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $434,781
- Income (IRS master file)
- $364,999
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2026 | $349,322 | $379,943 | $434,781 | XML |
| 990 | March 2025 | $530,443 | $334,484 | $640,325 | XML |
| 990 | March 2024 | $769,683 | $388,261 | $675,140 | XML |
| 990 | March 2023 | $541,583 | $274,704 | $683,370 | XML |
| 990 | March 2022 | $335,807 | $204,212 | $623,737 | IRS |
| 990 | March 2021 | – | – | – | IRS |
| 990 | March 2020 | – | – | – | IRS |
| 990 | March 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-1409160).
Questions about TOBYS DREAM FOUNDATION INC
- What is the EIN of TOBYS DREAM FOUNDATION INC?
- The employer identification number (EIN) of TOBYS DREAM FOUNDATION INC is 27-1409160.
- Is TOBYS DREAM FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to TOBYS DREAM FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TOBYS DREAM FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of TOBYS DREAM FOUNDATION INC due?
- The return for tax year 2026 (the year ending March 31, 2027) is due August 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TOBYS DREAM FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2026.
- Who is the principal officer of TOBYS DREAM FOUNDATION INC?
- The 990 for the year ended March 31, 2026 names JOAN STEELE.
- Who are the officers and directors of TOBYS DREAM FOUNDATION INC?
- The 990 for the year ended March 31, 2026 lists 7 people; 1 received compensation from the organization, the highest $110,000 (JOAN STEELE, EXECUTIVE DIRECTOR).
- How much revenue does TOBYS DREAM FOUNDATION INC have?
- On its 990 for the year ended March 31, 2026 it reported revenue of $349,322, expenses of $379,943 and total assets of $434,781 at year end.
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