BETA

DREAMS WILL COME TRUE FOUNDATION: Form 990EZ, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
DREAMS WILL COME TRUE FOUNDATION (EIN 47-4510419)
Tax period
2019-01-01 to 2019-12-31
Filed
2020-09-15
IRS object ID
202042599349201329
Schema version
2019v5.0
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)
Return2020-09-15T16:02:07-07:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN770510314PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1G C Tax InstituteBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1995 Montague Expwy 212AddressLine1Txt
CityMilpitasCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95035ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2019-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN474510419EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1DREAMS WILL COME TRUE FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlDREABusinessNameControlTxt
Phone6505371598PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1756 GRAPE AVEAddressLine1Txt
CitySUNNYVALECityNm
State AbbreviationCAStateAbbreviationCd
ZIP94087ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJOSEPH KUNGPersonNm
Person TitlePresidentPersonTitleTxt
Signature2020-09-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonGEORGE CHOW EA MSTAXPreparerPersonNm
PTINP00155937PTIN
Phone4089450813PhoneNum
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Website AddressN/AWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$112,454GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$112,293ContributionsGiftsGrantsEtcAmt
Investment Income$161InvestmentIncomeAmt
Cost Or Other Basis Expense Sale$0CostOrOtherBasisExpenseSaleAmt
Fundraising Gross Income$0FundraisingGrossIncomeAmt
Special Events Direct Expenses$0SpecialEventsDirectExpensesAmt
Cost Of Goods Sold$0CostOfGoodsSoldAmt
Total Revenue$112,454TotalRevenueAmt
Grants And Similar Amounts Paid$41,057GrantsAndSimilarAmountsPaidAmt
Other Expenses Total$48,721OtherExpensesTotalAmt
Total Expenses$89,778TotalExpensesAmt
Excess Or Deficit For Year$22,676ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$451,902NetAssetsOrFundBalancesBOYAmt
Other Changes In Net Assets$7,658OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY$482,236NetAssetsOrFundBalancesEOYAmt

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$451,902BOYAmt
EOY$482,236EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$451,902BOYAmt
EOY$482,236EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$451,902BOYAmt
EOY$482,236EOYAmt
FieldValueIRS element (for citing)
Primary Exempt PurposeTHE NON-PROFIT ORGANIZATION MISSION IS TO HELP PEOPLE REACH THEIR DREAMS BY PROVIDING EDUCATION AND ANY NECESSARY TOOLS. TO ACHIEVE THIS MISSION, WE WILL PROVIDE DIFFERENT EDUCATIONAL PLATFORMS BASED ON THE NEEDS OF THE PARTICIPANTS. FOR THE UNDER-PRIVILEGED WHO HAVE DESIRE TO IMPROVE THEIR LIVES, WE WILL PROVIDE A PLATFORM FOR THEM TO ACQUIRE NECESSRY REDENTIALS OR SKILLS TO ENABLE THEM TO REACH HIGHER SOCIOECONOMIC STATUS.PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp

FieldValueIRS element (for citing)
Description Program Srvc AccomTHE NON-PROFIT ORGANIZATION MISSION IS TO HELP PEOPLE REACH THEIR DREAMS BY PROVIDING EDUCATION AND ANY NECESSARY TOOLS. TO ACHIEVE THIS MISSION, WE WILL PROVIDE DIFFERENT EDUCATIONAL PLATFORMS BASED ON THE NEEDS OF THE PARTICIPANTS. FOR THE UNDER-PRIVILEGED WHO HAVE DESIRE TO IMPROVE THEIR LIVES, WE WILL PROVIDE A PLATFORM FOR THEM TO ACQUIRE NECESSRY REDENTIALS OR SKILLS TO ENABLE THEM TO REACH HIGHER SOCIOECONOMIC STATUS.DescriptionProgramSrvcAccomTxt
Grants And Allocations$48,721GrantsAndAllocationsAmt
Program Service Expenses$7,077ProgramServiceExpensesAmt
FieldValueIRS element (for citing)
Total Program Service Expenses$48,721TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp

FieldValueIRS element (for citing)
PersonJOSEPH KUNGPersonNm
TitlePresidentTitleTxt
Average Hrs Per Wk Devoted To Pos10.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
FieldValueIRS element (for citing)
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not RptfalseChgMadeToOrgnzngDocNotRptInd
Organization Had UBIfalseOrganizationHadUBIInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Form1120 Pol FiledfalseForm1120PolFiledInd
Made Loans To From OfficersfalseMadeLoansToFromOfficersInd
Tax Imposed Under IRC4911$0TaxImposedUnderIRC4911Amt
Tax Imposed Under IRC4912$0TaxImposedUnderIRC4912Amt
Tax Imposed Under IRC4955$0TaxImposedUnderIRC4955Amt
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
Tax Imposed On Organization Mgr$0TaxImposedOnOrganizationMgrAmt
Tax Reimbursed By Organization$0TaxReimbursedByOrganizationAmt
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonJOSEPH KUNGPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1756 GRAPE AVEAddressLine1Txt
CitySUNNYVALECityNm
State AbbreviationCAStateAbbreviationCd
ZIP94087ZIPCd
FieldValueIRS element (for citing)
Phone6505371598PhoneNum
FieldValueIRS element (for citing)
Foreign Financial AccountfalseForeignFinancialAccountInd
Foreign OfficefalseForeignOfficeInd
Donor Advised FndsfalseDonorAdvisedFndsInd
Operate HospitalfalseOperateHospitalInd
Tanning Services ProvidedfalseTanningServicesProvidedInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Transaction With Control EntfalseTransactionWithControlEntInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
School OperatingfalseSchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Filed Schedule AYes (true)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 Minus4 Years$121,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$180,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$150,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$200,000CurrentTaxYearMinus1YearAmt
Current Tax Year$112,293CurrentTaxYearAmt
Total$763,293TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Gross Receipts Non Unrlt Bus GrossReceiptsNonUnrltBusGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Tax Rev Levied Orgnztnl Bnft509 TaxRevLeviedOrgnztnlBnft509Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Govt Furn Srvc Fclts Vl509 GovtFurnSrvcFcltsVl509Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$121,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$180,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$150,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$200,000CurrentTaxYearMinus1YearAmt
Current Tax Year$112,293CurrentTaxYearAmt
Total$763,293TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$763,293PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Post1975 UBTI Post1975UBTIGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Net Income From Other UBI NetIncomeFromOtherUBIGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Income509 OtherIncome509Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$121,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$180,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$150,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$200,000CurrentTaxYearMinus1YearAmt
Current Tax Year$112,293CurrentTaxYearAmt
Total$763,293TotalAmt
FieldValueIRS element (for citing)
Public Support CY5091.00000PublicSupportCY509Pct
Investment Income CY0.00000InvestmentIncomeCYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Grants and Similar Amounts Paid In Excess of $5,000.1| Donee's Name: VARIOUS | Donee's Address: SAN JOSE BAY AREA SUNNYVALE CA 94087 | Cash Amount Given: $41057
Other Expenses.1002Office Expenses $975
Other Expenses.1SALARY $41138
Other Expenses.2MEDICAL INS $2526
Other Expenses.3PAYROLL TAX $1842
Other Expenses.4PAYROLL TAX FILING $1150
Other Expenses.5TAX FILING $1070
Other Expenses.6FTB $20

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