Nonprofit · EIN 42-1695206
DREAM CENTER ACADEMY INC
Tax-exempt · GASTONIA, NC 28052
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2024 | 990 | $902,595 | $659,078 | $243,517 | $419,889 | $0 | $419,889 |
| September 30, 2023 | 990 | $757,488 | $687,653 | $69,835 | $176,372 | $0 | $176,372 |
Financial details: 990 for the year ended September 30, 2024
Revenue
- Contributions, gifts and grants
- $754,080
- of which government grants
- $435,979
- Program service revenue
- $102,190
- Investment income
- $4,325
- Other revenue
- $42,000
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $133,438
- Salaries, compensation and benefits (total)
- $146,172
- Professional fundraising fees
- $0
- Accounting fees
- $2,500
- Occupancy
- $11,940
- Program services (functional)
- $487,091
- Management and general (functional)
- $171,433
- Fundraising (functional)
- $554
Balance sheet and other
- Total assets, start of year
- $176,372
- Total assets, end of year
- $419,889
- Total liabilities, end of year
- $0
- Net assets, end of year
- $419,889
- Net assets without donor restrictions
- $419,889
- Gross receipts
- $902,595
- Employees
- 28
- Year formed
- 2006
- State of legal domicile
- NC
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 September 30, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AMY BOYD | BOARD Trustee or director | 1 | $0 |
| TAMMY CHOWDHURY | BOARD Trustee or director | 1 | $0 |
| LAUREL MORRIS | BOARD Trustee or director | 1 | $0 |
| CLARENCE FISHER | BOARD Trustee or director | 1 | $0 |
| JENNIE STULTZ | EMERITUS Trustee or director | 1 | $0 |
| ANTHONY POWELL | BOARD Trustee or director | 1 | $0 |
| DAVID MASTERS | BOARD Trustee or director | 1 | $0 |
| ANGELA KARCHMER | BOARD Trustee or director | 1 | $0 |
| DENNIS BOYCE | BOARD Trustee or director | 1 | $0 |
| JAMARKIS MITCHELL | BOARD Trustee or director | 1 | $0 |
| TONIA BROOME | BOARD Trustee or director | 1 | $0 |
| RODNEY FREEMAN | BOARD Trustee or director | 1 | $0 |
| NANCY BROGDAN | BOARD Trustee or director | 1 | $0 |
| BARBARA YARBROUGH | BOARD Trustee or director, Officer | 1 | $0 |
| LUKE UPCHURCH | TREASURER Trustee or director, Officer | 1 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARTY STARNES | CHAIR Officer | 1 | $0 |
| DEBBIE WINDLEY | SECRETARY Officer | 1 | $0 |
| ROXANN JIMISON | EXECUTIVE DIRECTOR Key employee | 40 | $0 |
990 for the year ended September 30, 2023: 18 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AMY BOYD | BOARD Trustee or director | 1 | $0 |
| CLARENCE FISHER | BOARD Trustee or director | 1 | $0 |
| LAUREL MORRIS | BOARD Trustee or director | 1 | $0 |
| DEBBIE WINDLEY | SECRETARY Trustee or director | 1 | $0 |
| DAVID MASTERS | BOARD Trustee or director | 1 | $0 |
| JENNIE STULTZ | BOARD Trustee or director | 1 | $0 |
| BARBARA YARBROUGH | BOARD Trustee or director | 1 | $0 |
| ANTHONY POWELL | BOARD Trustee or director | 1 | $0 |
| NANCY ROSEMOND | BOARD Trustee or director | 1 | $0 |
| TAMMY CHOWDURY | BOARD Trustee or director | 1 | $0 |
| TONIA BROOME | BOARD Trustee or director | 1 | $0 |
| DENNIS BOYCE | BOARD Trustee or director | 1 | $0 |
| ANGELA KARCHMER | BOARD Trustee or director | 1 | $0 |
| RODNEY FREEMAN | BOARD Trustee or director | 1 | $0 |
| NANCY BROGDAN | BOARD Trustee or director | 1 | $0 |
| LUKE UPCHURCH | TREASURER Officer | 1 | $0 |
| MARTY STARNES | CHAIR Officer | 1 | $0 |
| ROXANN JIMISON | EXECUTIVE DIRECTOR Key employee | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 635 S MYRTLE SCHOOL RD, GASTONIA, NC 28052-3573
- Principal officer (990 for 2023)
- MARTY STARNES
- Signed the 990
- ROXANN JIMISON, EXEC DIRECTOR
- Return prepared by
- MARK A STEPHENS CPA
Mission
THE MISSION OF DREAM CENTER ACADEMY IS TO EMPOWER STUDENTS IN THE GASTON COUNTY SCHOOLS TO OWN THEIR EDUCATION BY DEVELOPING THE ACADEMIC AND SOCIAL SKILLS NECESSARY TO SUCCEED IN COLLEGE AND BEYOND.
Program accomplishments
- DREAM CENTER ACADEMY IS AN EDUCATIONAL NONPROFIT ORGANIZATION THAT PROVIDES OUT-OF-SCHOOL PROGRAMMING TO AT RISK TEENS RESIDING IN AN ECONOMICALLY DISADVANTAGED REGION OF GASTON COUNTY. DCAS MISSION IS TO EMPOWER STUDENTS TO TAEK OWNERSHIP OF THEIR EDUCATION BY DEVELOPING THE ACADEMIC AND SOCIAL SKILLS NECESSARY TO REACH THEIR FULL POTENTIAL IN SCHOOL AND BEYOND. DCA ACCOMPLISHES THIS MISSION BY PROVIDING AN INTENSIVE 7 YEAR PROGRAM THAT PREPARES STUDENTS TO GRADUATE COLLEGE-CAREER-READY. OUR VISION IS TO BUILD GENERATIONS OF STUDENTS WHO BECOME COLLEGE-CAREER-READY GRADUATES AND PRODUCTIVE COMMUNITY CITIZENS.Expenses $487,091
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | Not on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 42-1695206
- 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
- 2006
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P40)
- Assets (IRS master file)
- $419,889
- Income (IRS master file)
- $902,595
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2024 | $902,595 | $659,078 | $419,889 | XML |
| 990 | September 2023 | $757,488 | $687,653 | $176,372 | XML |
| 990 | September 2022 | $621,982 | $694,773 | $106,547 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 42-1695206).
Questions about DREAM CENTER ACADEMY INC
- What is the EIN of DREAM CENTER ACADEMY INC?
- The employer identification number (EIN) of DREAM CENTER ACADEMY INC is 42-1695206.
- Is DREAM CENTER ACADEMY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to DREAM CENTER ACADEMY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DREAM CENTER ACADEMY 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 CENTER ACADEMY INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DREAM CENTER ACADEMY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2024.
- Who is the principal officer of DREAM CENTER ACADEMY INC?
- The 990 for the year ended September 30, 2024 names MARTY STARNES.
- Who are the officers and directors of DREAM CENTER ACADEMY INC?
- The 990 for the year ended September 30, 2024 lists 18 people; 0 received compensation from the organization.
- How much revenue does DREAM CENTER ACADEMY INC have?
- On its 990 for the year ended September 30, 2024 it reported revenue of $902,595, expenses of $659,078 and total assets of $419,889 at year end.
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All nonprofits in GASTONIA · North Carolina · Human services