Nonprofit · EIN 45-4718383
DREAM TO SOAR FOUNDATION
Tax-exempt (reinstated) · WALDORF, MD 20604
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $31,200 | $20,720 | $10,480 | $54,595 | $0 | $54,595 |
| December 31, 2023 | 990-EZ | $101,150 | $70,622 | $30,528 | $44,115 | $0 | $44,115 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $35,000
- Program service revenue
- $0
- Investment income
- $0
- Net gain from sales of assets
- -$3,800
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,500
- Compensation of officers, directors and key employees
- $15,000
- Salaries, compensation and benefits (total)
- $15,000
- Professional fees and payments to contractors
- $1,500
- Occupancy
- $1,800
- Printing, publications and postage
- $920
- Program services (functional)
- $10,000
Balance sheet and other
- Total assets, start of year
- $44,115
- Total assets, end of year
- $54,595
- Total liabilities, end of year
- $0
- Net assets, end of year
- $54,595
- Cash, savings and investments
- $54,595
- Gross receipts
- $35,000
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Samuel Harris IV | President | 15 | $15,000 |
| Kimberly Harris | Vice President | 10 | $0 |
| Lori Avant | Treasurer/Administrative | 0 | $0 |
990-EZ for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Samuel Harris IV | President | 40 | $40,000 |
| Lori Avant | Treasurer/Administrative | 20 | $15,000 |
| Kimberly Harris | Vice President | 25 | $10,000 |
Address and contacts
- Address (IRS master file)
- 150 POST OFFICE RD UNIT 1055, WALDORF, MD 20604-7544
- Mailing address (990-N for 2019)
- 150 Post Office Rd, Waldorf MD 20604
- Principal officer (990-N for 2019)
- Kimberly Harris, 11808 Saint Linus Dr, Waldorf MD 20602
- Signed the 990-EZ
- Kimberly Harris, Vice President
- Phone
- (202) 525-7420
- Website
- www.dreamtosoar.org
Mission
Dream To SOAR (DTS) cultivates youth leadership in advocacy and fosters innovative thinking to drive positive change. Our mission is to nurture and enhance leadership skills, cultivate strong interpersonal skills, and facilitate comprehensive career development.
Program accomplishments
- DTS continues to maintain the workforce development programs and Public Speaking initiatives tailored to empower underserved youth through local grants. These efforts have resulted in significant achievements, with participants acquiring public speaking skills, job readiness, and career navigation abilities through tailored workshops and practical training sessions. Participants reported an increase in self-esteem, sense of purpose, and optimism in reference to their goals and 90% of the program's participants demonstrated improved job readiness skills, with 65% either securing employment or enrolling in further education/training programs within six months of completing the program.Expenses $10,000 · grants $15,000
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 45-4718383
- 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
- 2024
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Human services (P30)
- Assets (IRS master file)
- $54,595
- Income (IRS master file)
- $35,000
Revocation and reinstatement
- Exemption revoked
- May 15, 2023
- Posted by the IRS
- August 14, 2023
- Reinstated
- Effective May 15, 2023
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-EZ | December 2024 | $31,200 | $20,720 | $54,595 | IRS |
| 990-EZ | December 2023 | $101,150 | $70,622 | $44,115 | XML |
| 990-N for 2019 Officer: Kimberly Harris | December 31, 2019 | ≤ $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 45-4718383).
Questions about DREAM TO SOAR FOUNDATION
- What is the EIN of DREAM TO SOAR FOUNDATION?
- The employer identification number (EIN) of DREAM TO SOAR FOUNDATION is 45-4718383.
- Is DREAM TO SOAR FOUNDATION tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2023 and reinstated it effective May 15, 2023.
- Are donations to DREAM TO SOAR FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DREAM TO SOAR FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of DREAM TO SOAR FOUNDATION 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 DREAM TO SOAR FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of DREAM TO SOAR FOUNDATION?
- The 990-N for 2019 names Kimberly Harris.
- Who are the officers and directors of DREAM TO SOAR FOUNDATION?
- The 990-EZ for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $15,000 (Samuel Harris IV, President).
- How much revenue does DREAM TO SOAR FOUNDATION have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $31,200, expenses of $20,720 and total assets of $54,595 at year end.
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