Nonprofit · EIN 47-4510419
DREAMS WILL COME TRUE FOUNDATION
Tax-exempt · SUNNYVALE, CA 94089
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990 | $5,663 | $38,692 | -$33,029 | $616,449 | $50,000 | $566,449 |
Financial details: 990 for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $5,612
- Program service revenue
- $0
- Investment income
- $51
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Travel
- $300
- Program services (functional)
- $38,692
Balance sheet and other
- Total assets, start of year
- $630,168
- Total assets, end of year
- $616,449
- Total liabilities, end of year
- $50,000
- Net assets, end of year
- $566,449
- Publicly traded securities
- $2,551
- Gross receipts
- $5,663
- Employees
- 0
- Volunteers
- 15
- Year formed
- 2015
- State of legal domicile
- CA
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 December 31, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Joseph Kung | President Trustee or director | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 1220 VIENNA DRIVE SPC 304, SUNNYVALE, CA 94089-2056
- In care of
- % JOSEPH KUNG
- Principal officer (990 for 2023)
- Joseph Kung, 10412 Holloway Heights Avenue, Las Vegas, NV 89129
- Signed the 990
- Joseph Kung, President
- Phone
- (650) 537-1598
- Website
- www.dhiplatform.com
- Return prepared by
- CP Tax Solution
California records
California keeps its own records of charities and corporations. Search them by EIN 47-4510419 or by the name DREAMS WILL COME TRUE FOUNDATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
See Schedule O
Program accomplishments
- The non-profit organization mission is to help people reach their dreams by providing education and any necessary tool.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | Not on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 47-4510419
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Unknown (Z99)
- Assets (IRS master file)
- $616,449
- Income (IRS master file)
- $5,663
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2023 | $5,663 | $38,692 | $616,449 | IRS |
| 990 | December 2022 | -$40,043 | $38,725 | $678,507 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | 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 47-4510419).
Questions about DREAMS WILL COME TRUE FOUNDATION
- What is the EIN of DREAMS WILL COME TRUE FOUNDATION?
- The employer identification number (EIN) of DREAMS WILL COME TRUE FOUNDATION is 47-4510419.
- Is DREAMS WILL COME TRUE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to DREAMS WILL COME TRUE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DREAMS WILL COME TRUE FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of DREAMS WILL COME TRUE FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DREAMS WILL COME TRUE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2023.
- Who is the principal officer of DREAMS WILL COME TRUE FOUNDATION?
- The 990 for the year ended December 31, 2023 names Joseph Kung.
- Who are the officers and directors of DREAMS WILL COME TRUE FOUNDATION?
- The 990 for the year ended December 31, 2023 lists 1 person; 0 received compensation from the organization.
- How much revenue does DREAMS WILL COME TRUE FOUNDATION have?
- On its 990 for the year ended December 31, 2023 it reported revenue of $5,663, expenses of $38,692 and total assets of $616,449 at year end.
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