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Nonprofit · EIN 27-0447059

DREAMS FOR CHANGE INC

Tax-exempt · SAN DIEGO, CA 92123

Financials

$3.2M$2.6M2023$5.7M$5.3M2024
Revenue Expenses · by fiscal year end
Financials of DREAMS FOR CHANGE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$5,696,058$5,298,610$397,448$1,838,535$330,410$1,508,125
December 31, 2023990 (amended)$3,153,656$2,624,156$529,500$1,398,549$288,002$1,110,547
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$5,281,476
of which government grants
$5,219,281
Program service revenue
$413,822
Investment income
$0
Other revenue
$760

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$229,329
Other salaries and wages
$3,506,237
Salaries, compensation and benefits (total)
$4,185,043
Professional fundraising fees
$0
Legal fees
$15,000
Accounting fees
$25,887
Occupancy
$195,038
Travel
$12,820
Depreciation
$8,826
Program services (functional)
$4,746,003
Management and general (functional)
$505,425
Fundraising (functional)
$47,182

Balance sheet and other

Total assets, start of year
$1,364,814
Total assets, end of year
$1,838,535
Total liabilities, end of year
$330,410
Net assets, end of year
$1,508,125
Land, buildings and equipment
$309,616
Net assets without donor restrictions
$1,303,328
Net assets with donor restrictions
$204,797
Gross receipts
$5,696,058
Employees
261
Volunteers
120
Year formed
2009
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.

NameTitleHours / weekCompensation
TERESA SMITHCEO
Trustee or director, Officer, Key employee, Highest-paid employee
50$103,479
MARY GROSSBOARD MEMBER
Officer
2$0
KAY DENDYBOARD MEMBER
Officer
2$0
KIM PIKEBOARD MEMBER
Officer
2$0
SEAN GREENEBOARD MEMBER
Officer
2$0
SCOTT SUCKOWBOARD MEMBER
Officer
2$0
LEVI GIAFAGLIONEBOARD MEMBER
Officer
2$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
TERESA SMITHCEO
Trustee or director
40$77,211
MARY GROSSBOARD MEMBER
Officer
4$0
KAY DENDYBOARD MEMBER
Officer
2$0
ESTER GOMEZTREASURER
Officer
2$0
KIM PIKEBOARD MEMBER
Officer
2$0
SEAN GREENEBOARD MEMBER
Officer
2$0
GERALDRAMSEY
Officer
2$0

Address and contacts

Address (IRS master file)
4699 MURPHY CANYON RD STE 205, SAN DIEGO, CA 92123-4397
In care of
% TERESA SMITH
Mailing address (990-N for 2008)
4193 Arizona St, San Diego CA 92104
Principal officer (990 for 2024)
Teresa Smith, 4699 Murphy Canyon Rd, Suite 205, San Diego, CA 92123
Principal officer (990-N for 2008)
Teresa L Smith, PO Box 3812, San Diego CA 92104
Signed the 990
Teresa Smith, CEO
Phone
(619) 497-0236

California records

California keeps its own records of charities and corporations. Search them by EIN 27-0447059 or by the name DREAMS FOR CHANGE INC.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

Mission

Dreams for Change's mission is to respond to the needs of San Diegans by creating innovative and cost-effective programs to empower and stabilize the lives of under-served families and individuals.

990 for the year ended December 31, 2024

Program accomplishments

  • ASSET BUILDING AND WORKFORCE DEVELOPMENT: COORDINATION OF A COLLABORATIVE INITIATIVE TO EXPAND FREE TAX SERVICES AND PUBLIC BENEFIT SCREENING THROUGHOUT SAN DIEGO COUNTY. WORKFORCE DEVELOPMENT PROVIDES PARTICIPANTS WITH ON THE JOB WITH A SOCIAL ENTERPRISE AND CLASSROOM TRAINING.
    Expenses $1,200,755 · revenue $1,704,836
  • THE SAFE PARKING PROGRAM PROVIDES CASE MANAGEMENT, REFERRALS, FINANCIAL EDUCATION AND PRIVATE PARKING LOTS FOR INDIVIDUALS AND FAMILIES EXPERIENCING HOMELESSNESS AND LIVING IN THEIR VEHICLES.
    Expenses $805,977 · revenue $739,953
  • The Safe Sleeping Program is a low-barrier shelter option offering safe, legal space as an alternative to traditional congregate shelters for people experiencing homelessness. Safe Sleeping programs can include on-site services and resources.
    Expenses $2,739,271 · revenue $3,138,290

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
27-0447059
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
2009
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P20)
Assets (IRS master file)
$1,838,535
Income (IRS master file)
$5,696,058

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$5,696,058$5,298,610$1,838,535XML
990December 2023$3,153,656$2,624,156$1,398,549XML
990December 2022$1,808,741$1,459,499$589,118IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS
990-N for 2008
Officer: Teresa L Smith
June 30, 2009≤ $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 27-0447059).

Questions about DREAMS FOR CHANGE INC

What is the EIN of DREAMS FOR CHANGE INC?
The employer identification number (EIN) of DREAMS FOR CHANGE INC is 27-0447059.
Is DREAMS FOR CHANGE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
Are donations to DREAMS FOR CHANGE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does DREAMS FOR CHANGE 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 DREAMS FOR CHANGE 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 DREAMS FOR CHANGE 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 DREAMS FOR CHANGE INC?
The 990 for the year ended December 31, 2024 names Teresa Smith.
Who are the officers and directors of DREAMS FOR CHANGE INC?
The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $103,479 (TERESA SMITH, CEO).
How much revenue does DREAMS FOR CHANGE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $5,696,058, expenses of $5,298,610 and total assets of $1,838,535 at year end.

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