Nonprofit · EIN 81-1819247
DREAM ACADEME INC
Tax-exempt · AMHERST, NH 03031
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $535,865 | $101,508 | $434,357 | $1,874,205 | $1,420,000 | $454,205 |
| December 31, 2023 | 990-EZ | $55,686 | $48,923 | $6,763 | $28,709 | $799 | $27,910 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $360,397
- Program service revenue
- $185,034
- Investment income
- $325
- Net rental income
- -$56
- Net income from fundraising events
- -$9,835
- Other revenue
- -$9,891
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $27,736
- Salaries, compensation and benefits (total)
- $27,736
- Professional fundraising fees
- $0
- Legal fees
- $3,526
- Accounting fees
- $658
- Occupancy
- $8,100
- Depreciation
- $12,019
- Program services (functional)
- $80,033
- Management and general (functional)
- $21,475
Balance sheet and other
- Total assets, start of year
- $28,709
- Total assets, end of year
- $1,874,205
- Total liabilities, end of year
- $1,420,000
- Net assets, end of year
- $454,205
- Land, buildings and equipment
- $1,775,067
- Net assets without donor restrictions
- $454,205
- Gross unrelated business income
- -$56
- Gross receipts
- $575,939
- Employees
- 0
- Year formed
- 2016
- State of legal domicile
- NH
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 |
|---|---|---|---|
| TRACI KORHONEN | President Trustee or director, Officer | 11 | $25,426 |
| NANCY FLEMING | Trustee Trustee or director | 2 | $2,310 |
| TERESA SURETTE | Secretary Trustee or director, Officer | 1 | $0 |
| MARK CASTELLINO | Trustee Trustee or director | 0.5 | $0 |
| KATIE HATLESTAD | Trustee Trustee or director | 0.5 | $0 |
| EMILY ROSE REEDER | Trustee Trustee or director | 0.5 | $0 |
| ANNA REEDER | Trustee Trustee or director | 0.5 | $0 |
| STEVEN KORHONEN | Trustee Trustee or director | 2 | $0 |
| MAGGIE VAN CAMP | Trustee Trustee or director | 1 | $0 |
| STEPHANIE LAFLAM | Treasurer Trustee or director, Officer | 2 | $0 |
990-EZ for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TRACI KORHONEN | President | 11 | $29,583 |
| NANCY FLEMING | Trustee | 2 | $2,502 |
| STEVEN KORHONEN | Treasurer | 2 | $760 |
| TERESA SURETTE | Secretary | 1 | $0 |
| MARK CASTELLINO | Trustee | 0.5 | $0 |
| KATIE HATLESTAD | Trustee | 0.5 | $0 |
| EMILY ROSE REEDER | Trustee | 0.5 | $0 |
| ANNA REEDER | Trustee | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 4 PINEWOOD DR, AMHERST, NH 03031-3101
- Principal officer (990 for 2024)
- TRACI KORHONEN, 4 Pinewood Dr, Amherst, NH 03031
- Signed the 990
- TRACI KORHONEN, President
- Phone
- (619) 929-9370
- Website
- www.dreamacademe.org
- Return prepared by
- Lifetime Tax and Accounting PLLC
Mission
TO EMPOWER EACH CHILD WITH A LOVE FOR LEARNING AND ENTHUSIASM FOR LIFE THROUGH OUR ALTERNATIVE EDUCATION PROGRAMS. WE PARTNER WITH FAMILIES AND LOCAL ORGANIZATIONS TO DEVELOP COMMUNITY MINDED ENVIRONMENTALLY CONSCIOUS AND EMPOWERED YOUTH THROUGH CONSTRUCTIVISM AND NATURE-BASED EDUCATION IN STUDENT HOMES AND USING THE CITY AS A CLASSROOM.
Program accomplishments
- In 2024 we continued with free Early Literacy Classes at public libraries in southern NH. We offered an art and music class to a microschool in Los Angeles county. We offered a summer long outdoor education, Reggio-inspired summer camp in Southern New Hampshire. We support the start up phase of a chartered public school. We continued tutoring services for children and adults with learning disabilities in New Hampshire and California. We operated a coop microschool in southern New Hampshire for homeschool families.Expenses $80,033
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-EZ on file |
IRS record
- EIN
- 81-1819247
- 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
- 2017
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $1,874,205
- Income (IRS master file)
- $575,939
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $535,865 | $101,508 | $1,874,205 | XML |
| 990-EZ | December 2023 | $55,686 | $48,923 | $28,709 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | 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 81-1819247).
Questions about DREAM ACADEME INC
- What is the EIN of DREAM ACADEME INC?
- The employer identification number (EIN) of DREAM ACADEME INC is 81-1819247.
- Is DREAM ACADEME INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to DREAM ACADEME INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DREAM ACADEME INC 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 ACADEME INC 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 ACADEME INC 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 DREAM ACADEME INC?
- The 990 for the year ended December 31, 2024 names TRACI KORHONEN.
- Who are the officers and directors of DREAM ACADEME INC?
- The 990 for the year ended December 31, 2024 lists 10 people; 2 received compensation from the organization, the highest $25,426 (TRACI KORHONEN, President).
- How much revenue does DREAM ACADEME INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $535,865, expenses of $101,508 and total assets of $1,874,205 at year end.
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