Nonprofit · EIN 47-1220258
KIDZ DREAMZ KLUB
Also known as PATRICK HORTON SR GEN PTR
Tax-exempt · LEXINGTON, NC 27292
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $717,810 | $673,531 | $44,279 | $306,206 | $151,814 | $154,392 |
| December 31, 2023 | 990 | $449,084 | $482,401 | -$33,317 | $269,654 | $159,540 | $110,114 |
| December 31, 2022 | 990 | $304,213 | $290,714 | $13,499 | $316,480 | $173,049 | $143,431 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $193,226
- of which government grants
- $7,583
- Program service revenue
- $515,299
- Investment income
- $0
- Net rental income
- $4,500
- Net income from fundraising events
- $4,325
- Other revenue
- $9,285
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $348,923
- Salaries, compensation and benefits (total)
- $462,354
- Professional fundraising fees
- $0
- Occupancy
- $63,148
- Depreciation
- $6,871
- Program services (functional)
- $602,050
- Management and general (functional)
- $71,481
Balance sheet and other
- Total assets, start of year
- $269,654
- Total assets, end of year
- $306,206
- Total liabilities, end of year
- $151,814
- Net assets, end of year
- $154,392
- Land, buildings and equipment
- $196,107
- Net assets without donor restrictions
- $76,514
- Net assets with donor restrictions
- $77,879
- Gross receipts
- $717,810
- Employees
- 12
- Volunteers
- 0
- Year formed
- 2014
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Natalie Akashambatwa | Director Key employee | 40 | $45,833 |
| Richard Akashambatwa | Director Trustee or director | 40 | $26,348 |
| Patrick Horton | Executive Director Trustee or director, Officer | 40 | $19,174 |
990 for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Richard Akashambatwa | Director Trustee or director | 40 | $24,252 |
| Patrick Horton | Executive Director Trustee or director, Officer | 40 | $17,082 |
990 for the year ended December 31, 2022: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Richard Akashambatwa | Director Trustee or director | 40 | $28,600 |
| Patrick Horton | Executive Director Trustee or director, Officer | 25 | $15,846 |
Address and contacts
- Address (IRS master file)
- 40 E 1ST AVE, LEXINGTON, NC 27292-3302
- In care of
- % PATRICK HORTON
- Mailing address (990-N for 2015)
- 401 EAST 1ST AVENUE, LEXINGTON NC 27292
- Principal officer (990 for 2024)
- Patrick Horton, 40 E 1ST AVENUE, LEXINGTON, NC 27292
- Principal officer (990-N for 2015)
- PATRICK HORTON SR 1 INDIVID, 606 FRANKLIN STREET, LEXINGTON NC 27292
- Signed the 990
- Richard, Akashambatwa
- Phone
- (336) 237-9720
Mission
Our vision is to build an ecosystem of well-resourced child development programs for infants toddlers preschoolers and school-age children and become a leader in providing quality care.
Program accomplishments
- Development AfterSchool Program and Summer Day Camps were successfully held in the year.Expenses $186,002 · revenue $222,347
- Loves Childcare Centers successfully provided care to over 36 children between 0 and 5 years old.Expenses $290,727 · revenue $330,463
- Reducing Adverse Childhood Experiences RACHEX held over 80 events and activities highlighting the gaps that exist in early childhood education.Expenses $125,321 · revenue $165,000
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 | Not 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
- 47-1220258
- 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
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P28)
- Assets (IRS master file)
- $306,206
- Income (IRS master file)
- $717,810
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $717,810 | $673,531 | $306,206 | XML |
| 990 | December 2023 | $449,084 | $482,401 | $269,654 | XML |
| 990 | December 2022 | $304,213 | $290,714 | $316,480 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-N for 2015 Officer: PATRICK HORTON SR 1 INDIVID | December 31, 2015 | ≤ $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 47-1220258).
Questions about KIDZ DREAMZ KLUB
- What is the EIN of KIDZ DREAMZ KLUB?
- The employer identification number (EIN) of KIDZ DREAMZ KLUB is 47-1220258.
- Is KIDZ DREAMZ KLUB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to KIDZ DREAMZ KLUB tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KIDZ DREAMZ KLUB 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 KIDZ DREAMZ KLUB 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 KIDZ DREAMZ KLUB 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 KIDZ DREAMZ KLUB?
- The 990 for the year ended December 31, 2024 names Patrick Horton.
- Who are the officers and directors of KIDZ DREAMZ KLUB?
- The 990 for the year ended December 31, 2024 lists 3 people; 3 received compensation from the organization, the highest $45,833 (Natalie Akashambatwa, Director).
- How much revenue does KIDZ DREAMZ KLUB have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $717,810, expenses of $673,531 and total assets of $306,206 at year end.
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