Nonprofit · EIN 77-0602396
DREAMS FOUNDATION
Tax-exempt · BLAUVELT, NY 10913
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $20,052 | $38,593 | -$18,541 | $372,585 | $0 | $372,585 |
| December 31, 2024 | 990-PF | $34,905 | $33,570 | $1,335 | $391,126 | $0 | $391,126 |
| December 31, 2023 | 990-PF | $31,247 | $30,646 | $601 | $389,791 | $0 | $389,791 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $18,819
- Net gain from sales of assets
- $1,233
Expenses
- Grants and similar amounts paid
- $30,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $30,000
- Excise tax on investment income
- $279
Balance sheet and other
- Total assets, start of year
- $391,126
- Total assets, end of year
- $372,585
- Total liabilities, end of year
- $0
- Net assets, end of year
- $372,585
- Fair market value of assets
- $649,194
- Qualifying distributions
- $30,000
- Net investment income
- $20,052
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-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHELLEY JAMESON 94 DERFUSS LANE, BLAUVELT, NY 10913 | PRESIDENT | 2 | $0 |
| JOEL JAMESON 94 DERFUSS LANE, BLAUVELT, NY 10913 | VICE PRESIDENT | 10 | $0 |
990-PF for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHELLEY JAMESON 94 DERFUS LANE, BLAUVELT, NY 10913 | PRESIDENT | 2 | $0 |
| JOEL JAMESON 94 DERFUS LANE, BLAUVELT, NY 10913 | VICE PRESIDENT | 10 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHELLEY JAMESON 94 DERFUS LANE, BLAUVELT, NY 10913 | PRESIDENT | 2 | $0 |
| JOEL JAMESON 94 DERFUS LANE, BLAUVELT, NY 10913 | VICE PRESIDENT | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 94 DERFUSS LN, BLAUVELT, NY 10913-1608
- In care of
- % SHELLEY JAMESON
- Signed the 990-PF
- SHELLEY JAMESON, PRESIDENT
- Phone
- (914) 420-4251
- Return prepared by
- ROENFELDT & LOCKAS PC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 77-0602396
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2003
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $372,585
- Income (IRS master file)
- $26,032
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $20,052 | $38,593 | $372,585 | IRS |
| 990-PF | December 2024 | $34,905 | $33,570 | $391,126 | IRS |
| 990-PF | December 2023 | $31,247 | $30,646 | $389,791 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | 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 77-0602396).
Questions about DREAMS FOUNDATION
- What is the EIN of DREAMS FOUNDATION?
- The employer identification number (EIN) of DREAMS FOUNDATION is 77-0602396.
- Is DREAMS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to DREAMS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does DREAMS FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of DREAMS FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DREAMS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of DREAMS FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does DREAMS FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $20,052, expenses of $38,593 and total assets of $372,585 at year end.
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