DREAM NORTH FOUNDATION: Form 990EZ, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
DREAM NORTH FOUNDATION (EIN 87-2640705)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-06-13
IRS object ID
202331649349201163
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2023-06-13T22:25:46-05:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN844116052PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KOAR FAST TAX MOBILEBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1508 LILAC LNAddressLine1Txt
CityDESOTOCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75115ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN872640705EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1DREAM NORTH FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlDREABusinessNameControlTxt
Phone9494364907PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line110614 SEMORA STREETAddressLine1Txt
CityCERRITOSCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90703ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKAREN REESEPersonNm
Person TitleownerPersonTitleTxt
Phone4697170902PhoneNum
Signature2023-06-04SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstKARENPersonFirstNm
Person LastREESEPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKAREN REESEPreparerPersonNm
PTINP01319796PTIN
Phone9724898145PhoneNum
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Initial ReturnYes (X)InitialReturnInd
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Website Addresswww.dreamnorthfoundation.orgWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$128,728GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$62,004ContributionsGiftsGrantsEtcAmt
Other Revenue Total$66,724OtherRevenueTotalAmt
Total Revenue$128,728TotalRevenueAmt
Grants And Similar Amounts Paid$31,168GrantsAndSimilarAmountsPaidAmt
Fees And Other Pymt To Ind Cntrct$29,805FeesAndOtherPymtToIndCntrctAmt
Occupancy Rent Utlts And Maint$143OccupancyRentUtltsAndMaintAmt
Printing Publications Postage$14,069PrintingPublicationsPostageAmt
Other Expenses Total$50,856OtherExpensesTotalAmt
Total Expenses$126,041TotalExpensesAmt
Excess Or Deficit For Year$2,687ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY-$1,736NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$951NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
EOY$2,687EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$2,687EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,736BOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY-$1,736BOYAmt
EOY$2,687EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
Primary Exempt PurposePRODUCE LITERARY ARTS AND LITERACY EVENTS FOR AT-RISK AND FSTER CHILDREN. DONATE IN KIND GOODS TO NON-PROFIT ORGANIZATIONS THAT FOCUS ON YOUTH AND COMMUNITY DEVELOPMENT PROGGRAMMING.PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp

FieldValueIRS element (for citing)
Description Program Srvc AccomPRODUCED 4 LITERARY ARTS EVENTS IN 2022: 1) LOS ANGELES POLICE MUSEUM FOR 150 ATTENDEES IN MAY 2) SYCAMORES BOYS HOME IN ALTADENA CA FOR 30-40 ATTENDEES (INCLUDING 25-30 FOSTER BOYS) IN JULY 3) ATLANTIS BAHAMAS RESORT FOR 150 ATTENDEES (INCLUDING 100 FOSTER CHILDREN FROM 8 CHILDREN S HOMES) IN AUGUST 4) ROSE HAVEN IN PORTLAND OREGON FOR 300 AT-RISK FAMILIES/CHILDREN IN AUGUSTDescriptionProgramSrvcAccomTxt
Program Service Expenses$66,369ProgramServiceExpensesAmt
FieldValueIRS element (for citing)
Total Program Service Expenses$66,369TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (4 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
NYCHOL WOODS
PRESIDENT40$0$0$0
KENNIE LEGGETT
SECRETARY10$0$0$0
SHANNON HAMLETT
TREASURER10$0$0$0
KIMBERLY MCCLELLAN
MEMBER5$0$0$0
FieldValueIRS element (for citing)
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not Rpt0ChgMadeToOrgnzngDocNotRptInd
Organization Had UBI0OrganizationHadUBIInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Form1120 Pol Filed0Form1120PolFiledInd
Made Loans To From OfficersYes (1)MadeLoansToFromOfficersInd
Loans To From Officers$52,024LoansToFromOfficersAmt
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonNYCHOL WOODSPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line110614 SEMORA STREETAddressLine1Txt
CityCERRITOSCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90703ZIPCd
FieldValueIRS element (for citing)
Phone3105543251PhoneNum
FieldValueIRS element (for citing)
Foreign Financial Account0ForeignFinancialAccountInd
Foreign Office0ForeignOfficeInd
Donor Advised Fnds0DonorAdvisedFndsInd
Operate Hospital0OperateHospitalInd
Tanning Services Provided0TanningServicesProvidedInd
Form720 Filed0Form720FiledInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Transaction With Control Ent0TransactionWithControlEntInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
School Operating0SchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd OrgYes (1)TrnsfrExmptNonChrtblRltdOrgInd
Related Org Sect527 Org0RelatedOrgSect527OrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Filed Schedule AYes (1)FiledScheduleAInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$1,564CurrentTaxYearMinus1YearAmt
Current Tax Year$62,004CurrentTaxYearAmt
Total$63,568TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$1,564CurrentTaxYearMinus1YearAmt
Current Tax Year$62,004CurrentTaxYearAmt
Total$63,568TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$63,568PublicSupportTotal509Amt

Other Income509 OtherIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$40,307CurrentTaxYearMinus1YearAmt
Current Tax Year$66,724CurrentTaxYearAmt
Total$107,031TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$41,871CurrentTaxYearMinus1YearAmt
Current Tax Year$128,728CurrentTaxYearAmt
Total$170,599TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.37260PublicSupportCY509Pct
Public Support PY5090.00000PublicSupportPY509Pct
Investment Income CY0.00000InvestmentIncomeCYPct
Investment Income PY0.00000InvestmentIncomePYPct

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
CY Adj Net Income Distributable$0CYAdjNetIncomeDistributableAmt
CY Pct85 Adjusted Net Income$0CYPct85AdjustedNetIncomeAmt
CY Total Min Ast Distributable$0CYTotalMinAstDistributableAmt
CY Greater Adjusted Minimum$0CYGreaterAdjustedMinimumAmt
CY Income Tax Imposed PY$0CYIncomeTaxImposedPYAmt
CY Distributable As Adjusted$0CYDistributableAsAdjustedAmt

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferencePart III , LINE 12FormAndLineReferenceDesc
ExplanationPart III , Line 12 BOARD DIRECTOR NYCHOL WOODS CONTRIBUTED NON-INTEREST LOANS TO DNF FOR START-UP COSTS.ExplanationTxt

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1NYCHOL WOODSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Relationship With OrgPRESIDENTRelationshipWithOrgTxt
Loan PurposeSTART-UP COSTS FOR 2022 CALENDAR YEARLoanPurposeTxt
Loan To OrganizationYes (X)LoanToOrganizationInd
Original Principal$66,724OriginalPrincipalAmt
Balance Due$52,024BalanceDueAmt
Default0DefaultInd
Board Or Committee ApprovalYes (1)BoardOrCommitteeApprovalInd
Written AgreementYes (1)WrittenAgreementInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 8LOANS 66724
PART I, LINE 10THE BALANCE OF THE CONTRIBUTIONS WERE EACH USD 5,000 OR LESS.
PART I, LINE 161) OTHER EXPENSES PAY BACK LOAN AMOUNT 14700 2) OTHER EXPENSES AIRFARE VENDOR AMOUNT 34443 3) OTHER EXPENSES EQUIPMENT AMOUNT 1713
PART II, LINE 261) DESCRIPTION LAST YEAR BOY AMOUNT 1736 EOY AMOUNT 0

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