Nonprofit · EIN 82-2780135
MALONEY FOUNDATION INC
Also known as DREAM ACADEMY SCHOOLS
Tax-exempt · NEW PRT RCHY, FL 34652
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $631,907 | $1,238,664 | -$606,757 | $32,903 | $719,660 | -$686,757 |
| June 30, 2024 | 990 | $1,326,824 | $1,211,193 | $115,631 | $230,585 | $44,286 | $186,299 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $631,907
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $160,000
- Other salaries and wages
- $440,946
- Salaries, compensation and benefits (total)
- $668,901
- Professional fundraising fees
- $0
- Legal fees
- $56,792
- Accounting fees
- $265
- Occupancy
- $6,108
- Travel
- $6,850
- Program services (functional)
- $1,238,664
Balance sheet and other
- Total assets, start of year
- $230,585
- Total assets, end of year
- $32,903
- Total liabilities, end of year
- $719,660
- Net assets, end of year
- -$686,757
- Net assets without donor restrictions
- -$686,757
- Gross receipts
- $631,907
- Employees
- 7
- Volunteers
- 0
- Year formed
- 2017
- State of legal domicile
- FL
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| James Maloney | President Officer | 20 | $100,000 |
| Zach Maloney | Treasurer Officer | 40 | $40,000 |
990 for the year ended June 30, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| James Maloney | Vice President Officer, Key employee | 25 | $120,000 |
| Zach Maloney | Treasurer Trustee or director | 40 | $48,000 |
Address and contacts
- Address (IRS master file)
- 6014 US HIGHWAY 19 STE 106, NEW PRT RCHY, FL 34652-2590
- Mailing address (990-N for 2018)
- 5622 Marine Parkway Suite 9, New Port Richey FL 34667
- Principal officer (990 for 2024)
- Jamie Maloney, 5285 S Hills Pt, Lecanto, FL 34461
- Principal officer (990-N for 2018)
- Jamie Maloney, 6235 Tower Drive, Hudson FL 34667
- Signed the 990
- James Maloney, President
- Phone
- (727) 900-5186
- Website
- www.dreamacademyschools.com
Mission
A private school serving 175 students
Program accomplishments
- Operating and growing the school, graduating 20 students and implementing a new learning methodologyExpenses $1,238,664
- Community Support0
- Family Support0
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 82-2780135
- 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
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T02)
- Assets (IRS master file)
- $32,903
- Income (IRS master file)
- $631,907
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $631,907 | $1,238,664 | $32,903 | XML |
| 990 | June 2024 | $1,326,824 | $1,211,193 | $230,585 | XML |
| 990 | June 2023 | $1,217,481 | $1,111,648 | $141,917 | IRS |
| 990 | June 2022 | $465,137 | $467,938 | $0 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990-N for 2018 Officer: Jamie Maloney | December 31, 2018 | ≤ $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 82-2780135).
Questions about MALONEY FOUNDATION INC
- What is the EIN of MALONEY FOUNDATION INC?
- The employer identification number (EIN) of MALONEY FOUNDATION INC is 82-2780135.
- Is MALONEY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to MALONEY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MALONEY FOUNDATION 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 MALONEY FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MALONEY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MALONEY FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names Jamie Maloney.
- Who are the officers and directors of MALONEY FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 2 people; 2 received compensation from the organization, the highest $100,000 (James Maloney, President).
- How much revenue does MALONEY FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $631,907, expenses of $1,238,664 and total assets of $32,903 at year end.
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