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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 61-1617571

DREAM ACADEMY

Tax-exempt · RICHMOND, VA 23222

Financials

$86K$98K2023$100K$93K2024
Revenue Expenses · by fiscal year end
Financials of DREAM ACADEMY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$100,418$92,745$7,673$7,673$37,976-$30,303
December 31, 2023990$85,743$98,116-$12,373$55,531$48,062$7,469
Financial details: 990-EZ for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$25,039
Program service revenue
$75,379

Expenses

Compensation of officers, directors and key employees
$0
Professional fees and payments to contractors
$35,995
Occupancy
$23,393
Printing, publications and postage
$23,057
Other expenses
$10,300
Program services (functional)
$92,145

Balance sheet and other

Total assets, start of year
$2,648
Total assets, end of year
$7,673
Total liabilities, end of year
$37,976
Net assets, end of year
-$30,303
Cash, savings and investments
$7,673
Gross receipts
$100,418

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, 2024, highest compensation first.

NameTitleHours / weekCompensation
Gerilynn ReynoldsChair2$0
Joann HenryDirector/Principal40$0
Adeline ClarkeVice Chair/Secretary2$0
Jeremy LazarusChief Financial Officer/Treasurer2$0
Michael JonesDirector2$0
990 for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
Joann HenryPrincipal
Trustee or director, Key employee
40$0
Jeremy LazarusChief Financial Officer
Trustee or director, Key employee
3$0
Gerilyn SmithBoard president
Trustee or director
3$0
William JohnsonBoard vice chair
Trustee or director
3$0
Paul GoldmanDirector
Trustee or director
3$0

Address and contacts

Address (IRS master file)
2114 MILLER AVE, RICHMOND, VA 23222-4341
In care of
% JEREMY LAZARUS
Mailing address (990-N for 2020)
2114 Miller Ave, Richmond VA 23222
Principal officer (990-N for 2020)
Joann Henry, 2114 Miller Ave, Richmond VA 23222
Signed the 990-EZ
Jeremy M Lazarus, Chief Financial Officer
Phone
(804) 690-9404

Mission

To provide adults with a second chance to earn a high school diploma

990-EZ for the year ended December 31, 2024

Program accomplishments

  • Enabled 70 adults to graduate with a quality diploma that allowed them to find work, secure a promotion, enter the military or enroll in college
    Expenses $88,390
  • Trained two students in medical billing and coding and placed them in jobs
    Expenses $3,755

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990 on file

File the 2025 990-EZ for DREAM ACADEMY

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

IRS record

EIN
61-1617571
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2011
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B25)
Assets (IRS master file)
$7,673
Income (IRS master file)
$100,418

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024$100,418$92,745$7,673XML
990December 2023$85,743$98,116$55,531XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS
990-N for 2020
Officer: Joann Henry
December 31, 2020≤ $50,000 receipts––e-Postcard
990-EZDecember 2020–––IRS
990-N for 2014
Officer: Jeremy Lazarus
December 31, 2014≤ $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 61-1617571).

Questions about DREAM ACADEMY

What is the EIN of DREAM ACADEMY?
The employer identification number (EIN) of DREAM ACADEMY is 61-1617571.
Is DREAM ACADEMY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
Are donations to DREAM ACADEMY tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does DREAM ACADEMY 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 ACADEMY 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 DREAM ACADEMY last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
Who is the principal officer of DREAM ACADEMY?
The 990-N for 2020 names Joann Henry.
Who are the officers and directors of DREAM ACADEMY?
The 990-EZ for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
How much revenue does DREAM ACADEMY have?
On its 990-EZ for the year ended December 31, 2024 it reported revenue of $100,418, expenses of $92,745 and total assets of $7,673 at year end.

Other nonprofits in RICHMOND

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