Nonprofit · EIN 83-1992325
DREAM IT FOUNDATION INC
Tax-exempt · DORAL, FL 33178
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $960,254 | $965,609 | -$5,355 | $83,890 | $28,359 | $55,531 |
| December 31, 2023 | 990 | $1,063,878 | $1,053,714 | $10,164 | $89,314 | $28,428 | $60,886 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $960,254
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $14,559
- Compensation of officers, directors and key employees
- $51,000
- Other salaries and wages
- $144
- Salaries, compensation and benefits (total)
- $62,403
- Professional fundraising fees
- $0
- Accounting fees
- $9,171
- Program services (functional)
- $836,206
- Management and general (functional)
- $129,403
Balance sheet and other
- Total assets, start of year
- $89,314
- Total assets, end of year
- $83,890
- Total liabilities, end of year
- $28,359
- Net assets, end of year
- $55,531
- Net assets with donor restrictions
- $55,531
- Gross receipts
- $960,254
- Employees
- 2
- Year formed
- 2018
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Alexandre Correa | Director Officer | 40 | $0 |
| Edgar Garcia | Director Officer | 40 | $0 |
| Julio C Cabrera | Director Officer | 40 | $0 |
| Nelson Bustamante | Director Officer | 40 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Julio C Cabrera | Director Officer | 40 | $0 |
| Nelson Bustamante | Director Officer | 40 | $0 |
| Alexandre Correa | Director Officer | 40 | $0 |
| Edgar Garcia | Director Officer | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 11034 NW 47TH LN, DORAL, FL 33178-4211
- In care of
- % NELSON BUSTAMANTE
- Mailing address (990-N for 2018)
- 11034 NW 47 Ln, Miami FL 33178
- Principal officer (990 for 2024)
- Nelson Bustamante Officer, 11034 NW 47 Lane, Miami, FL 33178
- Principal officer (990-N for 2018)
- Nelson Bustamante Officer, 11034 NW 47 Ln, Miami FL 33178
- Signed the 990
- NELSON BUSTAMANTE, Director
- Phone
- (786) 715-6915
- Return prepared by
- Ferrer & Schemidt
Mission
The mission of the foundation is to produce, promote, distribute, publish and edit, inspirational, motivational and positive content for television, web, social media, radio, books, records, music, documents and events. Some production of that content is to help other foundations
Program accomplishments
- TV Production for program Corazones Guerreros (Warrior Hearts)Expenses $836,206
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
- 83-1992325
- 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
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $83,890
- Income (IRS master file)
- $960,254
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $960,254 | $965,609 | $83,890 | XML |
| 990 | December 2023 | $1,063,878 | $1,053,714 | $89,314 | XML |
| 990 | December 2022 | $1,009,039 | $1,048,916 | $78,937 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990-N for 2018 Officer: Nelson Bustamante Officer | 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 83-1992325).
Questions about DREAM IT FOUNDATION INC
- What is the EIN of DREAM IT FOUNDATION INC?
- The employer identification number (EIN) of DREAM IT FOUNDATION INC is 83-1992325.
- Is DREAM IT FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to DREAM IT FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DREAM IT 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 DREAM IT FOUNDATION 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 IT FOUNDATION 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 IT FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names Nelson Bustamante Officer.
- Who are the officers and directors of DREAM IT FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does DREAM IT FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $960,254, expenses of $965,609 and total assets of $83,890 at year end.
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