Nonprofit · EIN 56-2380198
BREES DREAM FOUNDATION
Tax-exempt · INDEPENDENCE, OH 44131
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,079,668 | $1,331,650 | -$251,982 | $733,391 | $808,414 | -$75,023 |
| December 31, 2023 | 990 | $1,316,645 | $1,091,133 | $225,512 | $599,064 | $422,104 | $176,960 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,529,671
- Program service revenue
- $0
- Investment income
- $25,261
- Net income from fundraising events
- -$475,264
- Other revenue
- -$475,264
Expenses
- Grants and similar amounts paid
- $1,173,482
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $10,750
- Depreciation
- $780
- Program services (functional)
- $1,173,482
- Management and general (functional)
- $158,168
Balance sheet and other
- Total assets, start of year
- $599,064
- Total assets, end of year
- $733,391
- Total liabilities, end of year
- $808,414
- Net assets, end of year
- -$75,023
- Net assets without donor restrictions
- -$75,023
- Gross receipts
- $1,656,683
- Employees
- 0
- Volunteers
- 50
- Year formed
- 2003
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DREW BREES | PRESIDENT/TRUSTEE Trustee or director, Officer | 5 | $0 |
| JOHN PALGUTA | SECRETARY Trustee or director, Officer | 1 | $0 |
| BRITTANY BREES | VICE PRES, TREASURER Trustee or director, Officer | 10 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DREW BREES | PRESIDENT/TRUSTEE Trustee or director, Officer | 5 | $0 |
| JOHN PALGUTA | SECRETARY Trustee or director, Officer | 1 | $0 |
| BRITTANY BREES | VICE PRES, TREASURER Trustee or director, Officer | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 6050 OAK TREE BLVD STE 500, INDEPENDENCE, OH 44131-6951
- In care of
- % JOHN PALGUTA
- Principal officer (990 for 2024)
- DREW BREES, 6050 OAK TREE BLVD STE 500, INDEPENDENCE, OH 44131
- Signed the 990
- DREW BREES, PRESIDENT
- Phone
- (216) 920-4800
- Website
- WWW.DREWBREES.COM
- Return prepared by
- MAI CAPITAL MANAGEMENT LLC
Mission
IMPROVING THE QUALITY OF LIFE FOR CANCER PATIENTS. PROVIDE CARE, EDUCATION AND OTHER OPPORTUNITIES FOR CHILDREN AND FAMILIES IN NEED.
Program accomplishments
- BUILD STRONG ACADEMY: FUNDING FOR THE ACADEMY THAT HELPS CREATE A SKILLED CONSTRUCTION WORKFORCE IN THE GREATER NEW ORLEANS AREA THROUGH HANDS ON CONSTRUCTION TRAINING AND RELATED TRADESExpenses $741,484 · grants $741,484
- BASTION COMMUNITY FOR THE CARE OF AND EMPOWERING OF VETERANS AND THEIR FAMILIES TO ACHIEVE RESILIENCE AND WHOLE HEALTH.Expenses $250,000 · grants $250,000
- JUNIOR ACHIEVEMENT FOUNDATION TO HELP YOUNG PEOPLE GAIN THE KNOWLEDGE AND SKILLS THEY NEED TO OWN THEIR ECONOMIC SUCCESS, PLAN FOR THEIR FUTURES, AND MAKE SMART ACADEMIC AND ECONOMIC CHOICES.Expenses $173,593 · grants $173,593
- OTHER CHARITABLE PROGRAMSExpenses $8,405 · grants $8,405
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 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 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-2380198
- 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
- 2004
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $733,391
- Income (IRS master file)
- $1,656,683
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,079,668 | $1,331,650 | $733,391 | IRS |
| 990 | December 2023 | $1,316,645 | $1,091,133 | $599,064 | XML |
| 990 | December 2022 | $2,160,370 | $2,447,386 | $345,108 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 56-2380198).
Questions about BREES DREAM FOUNDATION
- What is the EIN of BREES DREAM FOUNDATION?
- The employer identification number (EIN) of BREES DREAM FOUNDATION is 56-2380198.
- Is BREES DREAM FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to BREES DREAM FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BREES DREAM FOUNDATION 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 BREES DREAM 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 BREES DREAM FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of BREES DREAM FOUNDATION?
- The 990 for the year ended December 31, 2024 names DREW BREES.
- Who are the officers and directors of BREES DREAM FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does BREES DREAM FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,079,668, expenses of $1,331,650 and total assets of $733,391 at year end.
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