Nonprofit · EIN 31-1584231
DREAM FUND
Tax-exempt · COPPELL, TX 75019
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $137,893 | $119,502 | $18,391 | $423,246 | $0 | $423,246 |
| December 31, 2024 | 990 | $177,171 | $110,286 | $66,885 | $397,081 | $0 | $397,081 |
| December 31, 2023 | 990 | $104,227 | $144,446 | -$40,219 | $335,859 | $0 | $335,859 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $180,831
- Program service revenue
- $0
- Investment income
- $22,933
- Net gain from sales of assets
- $6,848
- Net income from fundraising events
- -$89,837
- Other revenue
- -$65,871
Expenses
- Grants and similar amounts paid
- $28,822
- Compensation of officers, directors and key employees
- $66,000
- Salaries, compensation and benefits (total)
- $66,000
- Professional fundraising fees
- $0
- Program services (functional)
- $35,422
- Management and general (functional)
- $57,680
- Fundraising (functional)
- $26,400
Balance sheet and other
- Total assets, start of year
- $397,081
- Total assets, end of year
- $423,246
- Total liabilities, end of year
- $0
- Net assets, end of year
- $423,246
- Publicly traded securities
- $308,705
- Net assets without donor restrictions
- $423,246
- Gross receipts
- $363,948
- Employees
- 0
- Volunteers
- 27
- Year formed
- 1991
- State of legal domicile
- TX
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 |
|---|---|---|---|
| TERESA NOVAK | EXECUTIVE DIRECTOR Officer | 40 | $66,000 |
| MICALL SANDLER | PRESIDENT Trustee or director, Officer | 2 | $0 |
| JAMES PEREZ | IMMEDIATE PAST PRESIDENT Trustee or director, Officer | 2 | $0 |
| SHIRLEY WARD | FOUNDER/PAST PRESIDENT Trustee or director, Officer | 2 | $0 |
| TIFFANY CELLI | VP/PHILANTHROPY Trustee or director, Officer | 2 | $0 |
| GINA MOTE | VP/PRESIDENT ELECT Trustee or director, Officer | 2 | $0 |
| PATRICK DILLON | VP/SECRETARY Trustee or director, Officer | 2 | $0 |
| JIM NOVAK | TREASURER Trustee or director, Officer | 2 | $0 |
| RANDY KEMP | OKLAHOMA CITY CHAPTER PRES Trustee or director, Officer | 2 | $0 |
| ROB LOGAN | HOUSTON CHAPTER PRESIDENT Trustee or director, Officer | 2 | $0 |
| JANNETTE BOREN | DIRECTOR Trustee or director | 2 | $0 |
| MARIE MORIN | DIRECTOR Trustee or director | 2 | $0 |
| MELISSA CAUDWELL | DIRECTOR Trustee or director | 2 | $0 |
| CHRIS PARKER | DIRECTOR Trustee or director | 2 | $0 |
| CHELSIE MANLEY | DIRECTOR Trustee or director | 2 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| APRIL ISERAL | DIRECTOR Trustee or director | 2 | $0 |
| BRIAN DILLON | DIRECTOR Trustee or director | 2 | $0 |
| CHRISTY LUSPO | DIRECTOR Trustee or director | 2 | $0 |
| FARRAH REID | DIRECTOR Trustee or director | 2 | $0 |
| LARRY BROWN | DIRECTOR Trustee or director | 2 | $0 |
| HUY PHAM | DIRECTOR Trustee or director | 2 | $0 |
| KATHY SPARKS | DIRECTOR Trustee or director | 2 | $0 |
| CHARLOTTE STEELMAN | DIRECTOR Trustee or director | 2 | $0 |
| RACHEL THOMAS | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2024: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERESA NOVAK | EXECUTIVE DIRECTOR Officer | 40 | $66,000 |
| JAMES PEREZ | PRESIDENT Trustee or director, Officer | 2 | $0 |
| BRIAN DILLON | IMMEDIATE PAST PRESIDENT Trustee or director, Officer | 2 | $0 |
| TIFFANY CELLI | VP/PHILANTHROPY Trustee or director, Officer | 2 | $0 |
| SHIRLEY WARD | FOUNDER/PAST PRESIDENT Trustee or director, Officer | 2 | $0 |
| JANNETTE BOREN | DIRECTOR Trustee or director | 2 | $0 |
| JIM NOVAK | TREASURER Trustee or director, Officer | 2 | $0 |
| MARIE MORIN | DIRECTOR Trustee or director | 2 | $0 |
| MICALL SANDLER | VP / PRESIDENT ELECT Trustee or director, Officer | 2 | $0 |
| PATRICK DILLON | VP/SECRETARY Trustee or director, Officer | 2 | $0 |
| RANDY KEMP | OKLAHOMA CITY CHAPTER PRES Trustee or director | 2 | $0 |
| ROB LOGAN | HOUSTON CHAPTER PRESIDENT Trustee or director, Officer | 2 | $0 |
| MELISSA CAUDWELL | DIRECTOR Trustee or director | 2 | $0 |
| CHRIS PARKER | DIRECTOR Trustee or director | 2 | $0 |
| CHELSIE MANLEY | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERESA NOVAK | EXECUTIVE DIRECTOR Officer | 40 | $66,000 |
| JAMES PEREZ | PRESIDENT Trustee or director, Officer | 2 | $0 |
| BRIAN DILLON | IMMEDIATE PAST PRESIDENT Trustee or director, Officer | 2 | $0 |
| TIFFANY CELLI | VP/PHILANTHROPY Trustee or director, Officer | 2 | $0 |
| SHIRLEY WARD | FOUNDER/PAST PRESIDENT Trustee or director, Officer | 2 | $0 |
| JANNETTE BOREN | DIRECTOR Trustee or director | 2 | $0 |
| JIM NOVAK | TREASURER Trustee or director, Officer | 2 | $0 |
| MARIE MORIN | DIRECTOR Trustee or director | 2 | $0 |
| MICALL SANDLER | VP / PRESIDENT ELECT Trustee or director, Officer | 2 | $0 |
| LINDSEY DOBBS | DIRECTOR Trustee or director | 2 | $0 |
| JOHN KELBE | VP/SECRETARY Trustee or director, Officer | 2 | $0 |
| RANDY KEMP | OKLAHOMA CITY CHAPTER PRES Trustee or director | 2 | $0 |
| ROB LOGAN | HOUSTON CHAPTER PRESIDENT Trustee or director, Officer | 2 | $0 |
| MELISSA SCOGIN | DIRECTOR Trustee or director | 2 | $0 |
| MELODIE COTTINGHAM | DIRECTOR Trustee or director | 2 | $0 |
| CHRIS PARKER | DIRECTOR Trustee or director | 2 | $0 |
| CHELSIE MANLEY | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1533, COPPELL, TX 75019-1500
- In care of
- % JIM NOVAK
- Principal officer (990 for 2025)
- JIM NOVAK, PO BOX 1533, COPPELL, TX 750191533
- Signed the 990
- JIM NOVAK, TREASURER
- Phone
- (214) 288-9909
- Website
- WWW.DREAMFUND.ORG
- Return prepared by
- LANE GORMAN TRUBITT LLC
Mission
THE DREAM FUND PROVIDES EMOTIONAL AND FINANCIAL SUPPORT TO ADVERTISING, PUBLIC RELATIONS, AND MEDIA PROFESSIONALS WHOSE LIVES HAVE BEEN IMPACTED BY SEVERE HARDSHIP.
Program accomplishments
- PROVIDED ASSISTANCE TO 24 INDIVIDUALS OF THE ADVERTISING & MEDIA INDUSTRY.Expenses $35,422 · grants $28,822 · revenue $23,966
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
- 31-1584231
- 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
- 1998
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20Z)
- Assets (IRS master file)
- $423,246
- Income (IRS master file)
- $363,948
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $137,893 | $119,502 | $423,246 | XML |
| 990 | December 2024 | $177,171 | $110,286 | $397,081 | XML |
| 990 | December 2023 | $104,227 | $144,446 | $335,859 | XML |
| 990 | December 2022 | $74,639 | $109,758 | $349,838 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 31-1584231).
Questions about DREAM FUND
- What is the EIN of DREAM FUND?
- The employer identification number (EIN) of DREAM FUND is 31-1584231.
- Is DREAM FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to DREAM FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DREAM FUND 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 FUND 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 DREAM FUND 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 DREAM FUND?
- The 990 for the year ended December 31, 2025 names JIM NOVAK.
- Who are the officers and directors of DREAM FUND?
- The 990 for the year ended December 31, 2025 lists 24 people; 1 received compensation from the organization, the highest $66,000 (TERESA NOVAK, EXECUTIVE DIRECTOR).
- How much revenue does DREAM FUND have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $137,893, expenses of $119,502 and total assets of $423,246 at year end.
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