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Nonprofit · EIN 46-2565031

DREAM CENTER NYC

Tax-exempt (reinstated) · LONG IS CITY, NY 11101

Financials

$173K$266K2022
Revenue Expenses · by fiscal year end
Financials of DREAM CENTER NYC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2022990-EZ$173,055$265,520-$92,465$23,060–$23,060
Financial details: 990-EZ for the year ended December 31, 2022

Revenue

Contributions, gifts and grants
$173,055

Expenses

Compensation of officers, directors and key employees
$0
Occupancy
$92,909
Printing, publications and postage
$1,110
Other expenses
$171,501
Program services (functional)
$240,583

Balance sheet and other

Total assets, start of year
$115,525
Total assets, end of year
$23,060
Total liabilities, end of year
–
Net assets, end of year
$23,060
Cash, savings and investments
$23,060
Gross receipts
$173,055

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-EZ for the year ended December 31, 2022, highest compensation first.

NameTitleHours / weekCompensation
Nancy SpannbauerBoard Member1$0
Stephen PerumallaPresident1$0

Address and contacts

Address (IRS master file)
911 44TH DR, LONG IS CITY, NY 11101-7012
In care of
% BRAD REED
Mailing address (990-N for 2016)
245 8th Ave, New York NY 10011
Principal officer (990-N for 2016)
Stella Reed, 64 E 120th St, New York NY 10035
Signed the 990-EZ
Stephen Perumalla, President
Phone
(917) 327-6050

Mission

Charitable Organization

990-EZ for the year ended December 31, 2022

Program accomplishments

  • Additional covid 19 relief efforts outside of the standard adopt-a-block initiative
    Expenses $69,995 · grants $69,955
  • Our Adopt-A-Block program was developed as we saw overlooked and underserved neighbors in our communities working hard to provide better futures for their families. With the additional challenges of covid 29
    Expenses $127,688 · grants $127,688
  • Our organization provides missional opportunities for groups outside and inside NYC. These expenses help us to train, equip, host, and mobilize for these opportunities.
    Expenses $42,900 · grants $42,900

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 January, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025January 31, 2026June 15, 2026Not on file
2024January 31, 2025June 16, 2025Not on file
2023January 31, 2024June 17, 2024Not on file

At risk of automatic revocation

None of the last three returns is in the IRS public files. The IRS revokes tax-exempt status after three consecutive years without a return. Recent filings can take a few weeks to appear.

File the 2025 990-EZ for DREAM CENTER NYC

Due June 15, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
46-2565031
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
2024
Accounting year ends
January
Files
Form 990 or 990-EZ
Assets (IRS master file)
$23,060
Income (IRS master file)
$173,055

Revocation and reinstatement

Exemption revoked
May 15, 2023
Posted by the IRS
August 14, 2023
Reinstated
Effective May 15, 2023

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2022$173,055$265,520$23,060XML
990December 2018–––IRS
990-EZDecember 2017–––IRS
990-N for 2016
Officer: Stella Reed
December 31, 2016≤ $50,000 receipts––e-Postcard

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 46-2565031).

Questions about DREAM CENTER NYC

What is the EIN of DREAM CENTER NYC?
The employer identification number (EIN) of DREAM CENTER NYC is 46-2565031.
Is DREAM CENTER NYC tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2023 and reinstated it effective May 15, 2023.
Are donations to DREAM CENTER NYC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does DREAM CENTER NYC 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 DREAM CENTER NYC due?
The return for tax year 2025 (the year ending January 31, 2026) is due June 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did DREAM CENTER NYC last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2022.
Who is the principal officer of DREAM CENTER NYC?
The 990-N for 2016 names Stella Reed.
Who are the officers and directors of DREAM CENTER NYC?
The 990-EZ for the year ended December 31, 2022 lists 2 people; 0 received compensation from the organization.
How much revenue does DREAM CENTER NYC have?
On its 990-EZ for the year ended December 31, 2022 it reported revenue of $173,055, expenses of $265,520 and total assets of $23,060 at year end.

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