Nonprofit · EIN 88-3588384
FREE TO DREAM INSTITUTE
Tax-exempt · ENCINO, CA 91436
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 (amended) | $1,052,500 | $920,268 | $132,232 | $98,792 | $3,579 | $95,213 |
| December 31, 2023 | 990-EZ (amended) | $55,000 | $52,265 | $2,735 | $16,764 | $54,600 | -$37,836 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,052,500
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $176,385
- Salaries, compensation and benefits (total)
- $224,268
- Professional fundraising fees
- $57,132
- Legal fees
- $9,851
- Accounting fees
- $19,600
- Travel
- $43,356
- Depreciation
- $2,371
- Program services (functional)
- $641,402
- Management and general (functional)
- $126,260
- Fundraising (functional)
- $152,606
Balance sheet and other
- Total assets, start of year
- $16,764
- Total assets, end of year
- $98,792
- Total liabilities, end of year
- $3,579
- Net assets, end of year
- $95,213
- Land, buildings and equipment
- $20,326
- Net assets without donor restrictions
- $95,213
- Gross receipts
- $1,052,500
- Employees
- 0
- Volunteers
- 5
- Year formed
- 2023
- State of legal domicile
- CA
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 |
|---|---|---|---|
| Adiza B Mahamah | Officer Highest-paid employee | 0 | $150,000 |
| Rashid Lynn | Director Trustee or director | 0 | $0 |
| Charles Johnson | Director Trustee or director | 0 | $0 |
| Scott Budnick | Director Trustee or director | 0 | $0 |
| Francois Mobasser | Director Trustee or director | 0 | $0 |
| Mahalia Hines | Director Trustee or director | 0 | $0 |
| TAMARA BROWN | PRESIDENT Trustee or director, Officer | 40 | $0 |
| Calvin M Williams | Officer Officer | 0 | $0 |
990-EZ for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TAMARA BROWN | PRESIDENT | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 15821 VENTURA BLVD STE 370, ENCINO, CA 91436-2909
- In care of
- % HELEN CHENG ESQ
- Mailing address (990-N for 2023)
- 15821 Ventura Blvd STE 370, Encino CA 91436
- Principal officer (990 for 2024)
- TAMARA BROWN, 3415 South Sepulveda Blvd STE 100, Los Angeles, CA 90034
- Principal officer (990-N for 2023)
- TAMARA BROWN, 15821 Ventura Blvd STE 370, Encino CA 91436
- Signed the 990
- TAMARA BROWN, PRESIDENT
- Return prepared by
- Premier Group Services Inc
California records
California keeps its own records of charities and corporations. Search them by EIN 88-3588384 or by the name FREE TO DREAM INSTITUTE.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
To provide direct services to underserved youth and system impacted individuals.
Program accomplishments
- Youth leadership summit. Music production training for system impacted individuals. Digital curriculum development.Expenses $641,402
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-N on file |
IRS record
- EIN
- 88-3588384
- 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
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O12)
- Assets (IRS master file)
- $98,792
- Income (IRS master file)
- $1,052,500
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,052,500 | $920,268 | $98,792 | IRS |
| 990-N for 2023 Officer: TAMARA BROWN | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2023 | $55,000 | $52,265 | $16,764 | 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 88-3588384).
Questions about FREE TO DREAM INSTITUTE
- What is the EIN of FREE TO DREAM INSTITUTE?
- The employer identification number (EIN) of FREE TO DREAM INSTITUTE is 88-3588384.
- Is FREE TO DREAM INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to FREE TO DREAM INSTITUTE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FREE TO DREAM INSTITUTE 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 FREE TO DREAM INSTITUTE 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 FREE TO DREAM INSTITUTE 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 FREE TO DREAM INSTITUTE?
- The 990 for the year ended December 31, 2024 names TAMARA BROWN.
- Who are the officers and directors of FREE TO DREAM INSTITUTE?
- The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $150,000 (Adiza B Mahamah, Officer).
- How much revenue does FREE TO DREAM INSTITUTE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,052,500, expenses of $920,268 and total assets of $98,792 at year end.
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