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Nonprofit · EIN 26-3161884

COLLEGE DREAMS INC

Tax-exempt · GRANTS PASS, OR 97526

Financials

$4.2M$4.4M2022$4.5M$4.6M2023$4.6M$4.2M2024
Revenue Expenses · by fiscal year end
Financials of COLLEGE DREAMS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$4,638,100$4,194,693$443,407$2,784,068$565,986$2,218,082
June 30, 2024990$4,508,867$4,603,424-$94,557$2,298,418$373,743$1,924,675
June 30, 2023990$4,204,247$4,403,846-$199,599$2,501,428$482,196$2,019,232
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$4,536,599
of which government grants
$2,684,121
Program service revenue
$0
Investment income
$76,458
Other revenue
$25,043

Expenses

Grants and similar amounts paid
$964,726
Compensation of officers, directors and key employees
$112,377
Other salaries and wages
$1,905,554
Salaries, compensation and benefits (total)
$2,574,129
Professional fundraising fees
$0
Legal fees
$5,117
Accounting fees
$75,867
Occupancy
$36,856
Travel
$30,779
Depreciation
$41,705
Program services (functional)
$3,518,809
Management and general (functional)
$418,703
Fundraising (functional)
$257,181

Balance sheet and other

Total assets, start of year
$2,298,418
Total assets, end of year
$2,784,068
Total liabilities, end of year
$565,986
Net assets, end of year
$2,218,082
Land, buildings and equipment
$809,081
Net assets without donor restrictions
$1,611,000
Net assets with donor restrictions
$607,082
Gross receipts
$4,638,100
Employees
191
Volunteers
75
Year formed
2008
State of legal domicile
OR

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 June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
CARL THOMASEXECUTIVE DIRECTOR
Officer
40$103,000$8,800
STEVE BOYARKSYPRESIDENT
Trustee or director, Officer
1$0$0
ARMANDO LOPEZSECRETARY/TREASURER
Trustee or director, Officer
1$0$0
CAROL CHRISTENVICE PRESIDENT
Trustee or director, Officer
0.2$0$0
KATIE MENADIRECTOR
Trustee or director
0.2$0$0
BRENDA PATTONDIRECTOR
Trustee or director
0.2$0$0
RALPH BURRELLEDIRECTOR
Trustee or director
0.2$0$0
KENDELL FERGUSONDIRECTOR
Trustee or director
0.2$0$0
LINDA WHITEDIRECTOR
Trustee or director
0.2$0$0
990 for the year ended June 30, 2024: 8 people
NameTitleHours / weekCompensation
CARL THOMASEXECUTIVE DIRECTOR
Officer
40$102,000
STEVE BOYARKSYPRESIDENT
Trustee or director, Officer
1$0
ARMANDO LOPEZSECRETARY/TREASURER
Trustee or director, Officer
1$0
CAROL CHRISTENVICE PRESIDENT
Trustee or director, Officer
0.2$0
KATIE MENADIRECTOR
Trustee or director
0.2$0
BRENDA PATTONDIRECTOR
Trustee or director
0.2$0
RALPH BURRELLEDIRECTOR
Trustee or director
0.2$0
KENDELL FURGUSONDIRECTOR
Trustee or director
0.2$0
990 for the year ended June 30, 2023: 9 people
NameTitleHours / weekCompensationOther / benefits
KURT HILDEBRANDEXECUTIVE DIRECTOR
Officer
40$57,164$2,823
CARL THOMASEXECUTIVE DIRECTOR(FORMER SEC/TREAS)
Officer
40$48,712$0
STEVE BOYARKSYPRESIDENT
Trustee or director, Officer
2$0$0
CAROL CHRISTENVICE PRESIDENT
Trustee or director, Officer
2$0$0
HOLLY LIDEYSECRETARY/TREASURER
Trustee or director, Officer
2$0$0
KATIE MENADIRECTOR
Trustee or director
0.5$0$0
BRENDA PATTONDIRECTOR
Trustee or director
0.5$0$0
ARMANDO LOPEZDIRECTOR
Trustee or director
0.5$0$0
RALPH BURRELLEDIRECTOR
Trustee or director
0.5$0$0

Address and contacts

Address (IRS master file)
789 NE 7TH ST, GRANTS PASS, OR 97526-1632
In care of
% C/O R P BUSCH
Mailing address (990-N for 2012)
2158 NE Industry Dr, Grants Pass OR 97526
Principal officer (990 for 2024)
CARL THOMAS, 789 NE 7TH, GRANTS PASS, OR 97526
Principal officer (990-N for 2012)
James Dole, 2158 NE Industry Dr, Grants Pass OR 97526
Signed the 990
CARL THOMAS, EXECUTIVE DIRECTOR
Phone
(541) 476-8146
Return prepared by
MCDONALD JACOBS PC

Mission

COLLEGE DREAMS PROMOTES RESILIENCY AND COLLEGE/CAREER READINESS FOR OVER 1,400 LOW INCOME, FIRST GENERATION COLLEGE-BOUND, AND UNDERREPRESENTED STUDENTS OF COLOR. (CONTINUED ON SCHEDULE O) IT SERVES 22 SECONDARY SCHOOLS IN SOUTHERN OREGON THROUGH MATCHED COLLEGE SAVINGS ACCOUNTS, CAREER EXPLORATION AND POST-SECONDARY PLANNING AND DROPOUT PREVENTION PROGRAMS. KEY ACTIVITIES: ACADEMIC MOTIVATIONAL ENHANCEMENT; MENTORING; SKILL-BUILDING AND TUTORING; COLLEGE/CAREER AWARENESS; COMMUNITY SERVICE; COMPETITIVE SCHOLARSHIPS; BARRIER REMOVAL SUPPORT; RIGOROUS COURSE/DUAL CREDIT PLANNING; ACCESS TO YOUTH CAMP, CAREER DEVELOPMENT ACTIVITIES, PRE-COLLEGE PROGRAMS, AND CAMPUS VISITS; ACADEMIC MONITORING, EXCELLENCE INCENTIVES AND SUPPORTTIVE INTERVENTIONS; 3-TO-1 MATCHED COLLEGE SAVINGS; AND SOFT-SKILLS DEVELOPMENT THROUGH PAID WORK EXPERIENCES.

990 for the year ended June 30, 2025

Program accomplishments

  • COLLEGE+ FOCUSES ON 6TH TO 12TH GRADE STUDENTS TO PROVIDE SUPPORT, BUILD SKILLS, AND MOTIVATE ACADEMIC EXCELLENCE. THE PROGRAM INCLUDES SUPPORT FROM A DEPARTMENT OF EDUCATION TALENT SEARCH GRANT.
    Expenses $764,665 · grants $51,488
  • THE +ACCOUNTS PROGRAM SERVES STUDENTS WHOSE FAMILIES MEET OREGON LOW/MODERATE INCOME AND FAMILY ASSET CRITERIA, BY PROVIDING FINANCIAL EDUCATION CLASSES, DEVELOPING COLLEGE FUNDING PLANS, AND THE POSSIBILITY OF MATCHING SAVINGS PLANS FOR COLLEGE, COMMUNITY COLLEGE OR POST SECONDARY TRAINING PROGRAMS.
    Expenses $603,443 · grants $447,811
  • CAREER BUILD PROGRAM FOCUSES ON PROVIDING CAREER RELATED LEARNING EXPERIENCE TO HIGH SCHOOL STUDENTS AND OUT-OF-SCHOOL YOUTH UP TO AGE 24 THROUGH AN INTERAGENCY AGREEMENT WITH ROGUE WORKFORCE PARTNERSHIP. SERVICES INCLUDE A REGIONAL CAREER FAIR, YOUTH WORK ETHICS CLASSES, CAREER ACADEMIES, AND PAID OR UNPAID WORK EXPERIENCE.
    Expenses $1,254,423 · grants $437,630
  • WHATEVER IT TAKES PROGRAM PROVIDES AN ADVISOR AND WRAPAROUND SUPPORT TO STUDENTS AT RISK OF DISENGAGING OR DROPPING OUT AT PARTICIPATING SCHOOLS AND IS FUNDED PRIMARILY BY THE OREGON YOUTH DEVELOPMENT COUNCIL.
    Expenses $896,278 · grants $27,797

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 June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
26-3161884
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
2010
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B82)
Assets (IRS master file)
$2,784,068
Income (IRS master file)
$4,638,100

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$4,638,100$4,194,693$2,784,068IRS
990June 2024$4,508,867$4,603,424$2,298,418IRS
990June 2023$4,204,247$4,403,846$2,501,428XML
990June 2022$4,132,642$3,752,186$2,756,326IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2018–––IRS
990-N for 2012
Officer: James Dole
June 30, 2013≤ $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 26-3161884).

Questions about COLLEGE DREAMS INC

What is the EIN of COLLEGE DREAMS INC?
The employer identification number (EIN) of COLLEGE DREAMS INC is 26-3161884.
Is COLLEGE DREAMS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
Are donations to COLLEGE DREAMS INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does COLLEGE DREAMS 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 COLLEGE DREAMS INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did COLLEGE DREAMS INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of COLLEGE DREAMS INC?
The 990 for the year ended June 30, 2025 names CARL THOMAS.
Who are the officers and directors of COLLEGE DREAMS INC?
The 990 for the year ended June 30, 2025 lists 9 people; 1 received compensation from the organization, the highest $103,000 (CARL THOMAS, EXECUTIVE DIRECTOR).
How much revenue does COLLEGE DREAMS INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $4,638,100, expenses of $4,194,693 and total assets of $2,784,068 at year end.

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