Nonprofit · EIN 26-0596151
DREAM BIKES INC
Tax-exempt · MADISON, WI 53704
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $320,734 | $340,058 | -$19,324 | $157,616 | $14,786 | $142,830 |
| December 31, 2023 | 990 | $304,239 | $354,833 | -$50,594 | $178,647 | $16,493 | $162,154 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $62,340
- Program service revenue
- $0
- Investment income
- $0
- Net income from sales of inventory
- $258,232
- Other revenue
- $258,394
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $69,462
- Salaries, compensation and benefits (total)
- $106,261
- Professional fundraising fees
- $0
- Accounting fees
- $1,600
- Occupancy
- $107,745
- Travel
- $774
- Depreciation
- $7,309
- Program services (functional)
- $285,270
- Management and general (functional)
- $54,788
Balance sheet and other
- Total assets, start of year
- $178,647
- Total assets, end of year
- $157,616
- Total liabilities, end of year
- $14,786
- Net assets, end of year
- $142,830
- Land, buildings and equipment
- $9,931
- Net assets without donor restrictions
- $142,830
- Gross receipts
- $658,302
- Employees
- 32
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 |
|---|---|---|---|
| MATTHEW MARTINEZ | PRESIDENT Officer | 40 | $69,461 |
| MEGAN SIESENNOP MARTINEZ | TREASURER Officer | 1.5 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRIAN ELLISON | VICE PRESIDE Officer | – | $0 |
| MATTHEW MARTINEZ | PRESIDENT Officer | – | $0 |
| MEGAN SIESENNOP-MARTINEZ | TREASURER Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 1131 N SHERMAN AVE, MADISON, WI 53704-4234
- Principal officer (990 for 2024)
- MATTHEW MARTINEZ, 1709 RAE LANE, MADISON, WI 53711
- Signed the 990
- MATTHEW MARTINEZ, PRESIDENT
- Phone
- (608) 698-8974
- Return prepared by
- ROTH & OLSON CPAS SC
Mission
DREAM BIKES INC'S MISSION IS TO PROVIDE TRAINING AND EMPLOYMENT OPPORTUNITIES FOR UNDERPRIVILEGED AND MINORITY YOUTH, TO PROVIDE ASSISTANCE TO UNDERPRIVILEGED CHILDREN AND YOU, AND TO USE BICYCLES AS A WAY TO HAVE A POSITIVE IMPACT ON LOW INCOME TROUBLED COMMUNITIES.
Program accomplishments
- OPERATION OF A RESALE SHOP SELLING STUDENT-REPAIRED BICYCLES, IN WHICH THE YOUTH WILL BE EMPLOYED AND WILL LEARN THE FUNDAMENTALS OF BIKE REPAIR AND RUNNING A SMALL RETAIL BUSINESSExpenses $285,270
- TRAINING IN THE PROPER USE OF HELMETS AND BICYCLE SAFETY.
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
- 26-0596151
- 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
- 2008
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B99)
- Assets (IRS master file)
- $157,616
- Income (IRS master file)
- $658,302
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $320,734 | $340,058 | $157,616 | XML |
| 990 | December 2023 | $304,239 | $354,833 | $178,647 | XML |
| 990 | December 2022 | $208,173 | $361,231 | $231,311 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 26-0596151).
Questions about DREAM BIKES INC
- What is the EIN of DREAM BIKES INC?
- The employer identification number (EIN) of DREAM BIKES INC is 26-0596151.
- Is DREAM BIKES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to DREAM BIKES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DREAM BIKES 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 BIKES 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 BIKES 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 BIKES INC?
- The 990 for the year ended December 31, 2024 names MATTHEW MARTINEZ.
- Who are the officers and directors of DREAM BIKES INC?
- The 990 for the year ended December 31, 2024 lists 2 people; 1 received compensation from the organization, the highest $69,461 (MATTHEW MARTINEZ, PRESIDENT).
- How much revenue does DREAM BIKES INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $320,734, expenses of $340,058 and total assets of $157,616 at year end.
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