Nonprofit · EIN 27-2234901
LIVE YOUR DREAM
Tax-exempt (reinstated) · LEHI, UT 84043
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $394,892 | $174,471 | $220,421 | $1,293,850 | $0 | $1,293,850 |
| December 31, 2024 | 990 | $520,451 | $166,165 | $354,286 | $1,034,210 | $483 | $1,033,727 |
| December 31, 2023 | 990 (amended) | $337,701 | $132,900 | $204,801 | $687,496 | $590 | $686,906 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $303,410
- Program service revenue
- $0
- Investment income
- $25,747
- Net gain from sales of assets
- $163
- Net income from fundraising events
- $65,735
- Other revenue
- $65,735
Expenses
- Grants and similar amounts paid
- $147,492
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $19,173
- Salaries, compensation and benefits (total)
- $20,640
- Professional fundraising fees
- $0
- Legal fees
- $285
- Accounting fees
- $4,243
- Program services (functional)
- $147,492
- Management and general (functional)
- $6,298
- Fundraising (functional)
- $20,681
Balance sheet and other
- Total assets, start of year
- $1,034,210
- Total assets, end of year
- $1,293,850
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,293,850
- Publicly traded securities
- $605,418
- Net assets without donor restrictions
- $1,131,403
- Net assets with donor restrictions
- $162,447
- Gross receipts
- $827,544
- Employees
- 2
- Volunteers
- 200
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Katherine Bunnell | President Trustee or director, Officer | 40 | $0 |
| Dave Young | Director Trustee or director | 1 | $0 |
| KaNeil Menlove | Director Trustee or director | 1.5 | $0 |
| Brenda Fowler | Director Trustee or director | 1 | $0 |
| Nate Randle | Director Trustee or director | 1 | $0 |
| Susan Richards | Director Trustee or director | 1 | $0 |
| Connie Ricks | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Katherine Bunnell | President Trustee or director, Officer | 40 | $0 |
| Dave Young | Director Trustee or director | 2 | $0 |
| KaNeil Menlove | Director Trustee or director | 5 | $0 |
| Cathy Young | Director Trustee or director | 2 | $0 |
| Nate Randle | Director Trustee or director | 0 | $0 |
| Susan Richards | Director Trustee or director | 0 | $0 |
| Connie Ricks | Director Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Katherine Bunnell | President Trustee or director, Officer | 25 | $0 |
| Dave Young | Director Trustee or director | 2 | $0 |
| KaNeil Menlove | Director Trustee or director | 5 | $0 |
| Cathy Young | Director Trustee or director | 2 | $0 |
| Nate Randle | Director Trustee or director | 0 | $0 |
| Susan Richards | Director Trustee or director | 0 | $0 |
| Connie Ricks | Director Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 770 E MAIN ST 213, LEHI, UT 84043-2293
- In care of
- % DAVID KYLE HERRING
- Mailing address (990-N for 2017)
- 3651 N 100 E, PROVO UT 84604
- Principal officer (990 for 2025)
- Katherine Bunnell, 770 E Main St 213, Lehi, UT 84043
- Principal officer (990-N for 2017)
- DAVID A YOUNG, 3651 N 100 E, PROVO UT 84604
- Signed the 990
- Katherine E Bunnell, Trustee
- Phone
- (385) 230-7004
- Return prepared by
- S and D Small Business Services PC
Mission
We are dedicated to supporting single-mother families in achieving their dreams through education scholarships. Additionally, we offer essential back-to-school supplies, holiday assistance, care packages, and engaging family activities that create lasting memories.
Program accomplishments
- In 2025, Live Your Dream Foundation awarded 81 scholarships to single mothers in Utah pursuing higher education, vocational training, and career advancement opportunities to improve long-term financial stability for their families.Expenses $126,252
- Live Your Dream Foundation partners with local organizations to provide holiday support to scholarship recipients and selected single-mother families throughout Utah. Through partnerships with Strengthen Her Utah and the Span Foundation, families receive Christmas assistance. Thanksgiving Heroes provides meals to many families in the scholarship program. The foundation also participates in the annual Mother's Day to Remember event, partnering with community organizations to provide Mother's Day gifts to scholarship recipients and mothers in domestic violence shelters across the state.Expenses $11,500
- Through donor-supported funding, Live Your Dream Foundation provides back-to-school assistance to scholarship recipients and selected single-mother families in the community. Families receive up to $150 per child, with a maximum of $600 per family, to purchase school supplies, backpacks, clothing, coats, calculators, and other educational necessities through Amazon. This program helps ensure children have the tools they need for a successful school year while easing the financial burden on single mothers pursuing education and career advancement.Expenses $4,950
- Live Your Dream Foundation hosted a Night of Service, a community outreach initiative focused on supporting single mothers throughout Utah. During the event, volunteers, families, and community members assembled more than 400 care packages for single mothers experiencing challenging circumstances.Expenses $4,790
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 | 990 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
- 27-2234901
- 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
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $1,293,850
- Income (IRS master file)
- $827,544
Revocation and reinstatement
- Exemption revoked
- May 15, 2013
- Posted by the IRS
- September 24, 2014
- Reinstated
- Effective April 15, 2014
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $394,892 | $174,471 | $1,293,850 | XML |
| 990 | December 2024 | $520,451 | $166,165 | $1,034,210 | IRS |
| 990 | December 2023 | $337,701 | $132,900 | $687,496 | XML |
| 990 | December 2022 | $208,435 | $112,970 | $474,152 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-N for 2017 Officer: DAVID A YOUNG | December 31, 2017 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about LIVE YOUR DREAM
- What is the EIN of LIVE YOUR DREAM?
- The employer identification number (EIN) of LIVE YOUR DREAM is 27-2234901.
- Is LIVE YOUR DREAM tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2013 and reinstated it effective April 15, 2014.
- Are donations to LIVE YOUR DREAM tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LIVE YOUR DREAM 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 LIVE YOUR DREAM due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LIVE YOUR DREAM last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of LIVE YOUR DREAM?
- The 990 for the year ended December 31, 2025 names Katherine Bunnell.
- Who are the officers and directors of LIVE YOUR DREAM?
- The 990 for the year ended December 31, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does LIVE YOUR DREAM have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $394,892, expenses of $174,471 and total assets of $1,293,850 at year end.
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