Nonprofit · EIN 82-1311459
DREAM TEAM FOUNDATION INC
Tax-exempt · KERNERSVILLE, NC 27285
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $344,281 | $314,907 | $29,374 | $238,979 | $12,578 | $226,401 |
| December 31, 2024 | 990 | $369,829 | $247,321 | $122,508 | $198,971 | $1,944 | $197,027 |
| December 31, 2023 | 990 | $235,912 | $221,433 | $14,479 | $77,012 | $2,493 | $74,519 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $344,281
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $97,250
- Other salaries and wages
- $36,600
- Salaries, compensation and benefits (total)
- $145,068
- Professional fundraising fees
- $0
- Accounting fees
- $1,349
- Occupancy
- $19,771
- Program services (functional)
- $119,204
- Management and general (functional)
- $195,703
Balance sheet and other
- Total assets, start of year
- $198,971
- Total assets, end of year
- $238,979
- Total liabilities, end of year
- $12,578
- Net assets, end of year
- $226,401
- Gross receipts
- $344,281
- Employees
- 3
- Year formed
- 2017
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PARIS WILLIFORD | DIRECTOR OF PROGRAMS Trustee or director | 40 | $0 |
| TALEONA MAYFIELD | EXECUTIVE DIRECTOR Officer | 40 | $0 |
| KELVIN MAYFIELD | CHIEF OPERATING OFFICER Officer | 40 | $0 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TALEONA MAYFIELD | EXECUTIVE DIRECTOR Officer | 40 | $42,292 |
| KELVIN MAYFIELD | CHIEF OPERATING OFFICER Officer | 40 | $35,862 |
| PARIS WILLIFORD | DIRECTOR OF PROGRAMS Trustee or director | 40 | $33,231 |
990 for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TALEONA MAYFIELD | EXECUTIVE DIRECTOR Officer | 40 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1971, KERNERSVILLE, NC 27285-1971
- In care of
- % TALEONA MAYFIELD
- Mailing address (990-N for 2020)
- PO Box 1971, Kernersville NC 27284
- Principal officer (990-N for 2020)
- Taleona Mayfield, PO Box 1971, Kernersville NC 27284
- Signed the 990
- TALEONA MAYFIELD, EXECUTIVE DIRECTOR
- Phone
- (336) 749-2075
- Return prepared by
- A QUARLES CPA PLLC
Mission
THE DREAM TEAM FOUNDATIONS MISSION IS TO MAKE POSITIVE CHANGES IN THE LIVES OF OUR PARTICIPANTS AND PROVIDE THEM WITH THE TOOLS THEY NEED TO SUCCEED TODAY IN HOPE FOR A BETTER TOMORROW.
Program accomplishments
- S.E.E M.E. MENTORSHIP PROGRAM: THE DREAM TEAMS S.E.E. M.E. MENTORSHIP PROGRAM IS AN EFFORT TO PROVIDE YOUTH BETWEEN THE AGES OF 16 - 24 WITH EDUCATIONAL AND EMPLOYMENT OPPORTUNITIES THROUGH A SERIES OF ENRICHMENT ACTIVITIES AND SUPPORT SERVICES. THE FIVE-PILLAR ACRONYM S.E.E. M.E. IS A GUIDE THAT INFORMS THE ORGANIZATIONS WORK, WHICH FOCUSES IN THE AREAS OF SUPPORT, EDUCATION, EMPLOYMENT, MENTORSHIP, AND EMPOWERMENT.Expenses $118,806
- FINANCIAL LITERACY PROGRAM: THE DREAM TEAM FOUNDATIONS (DTF) FINANCIAL LITERACY PROGRAM IS COMMITTED TO PROVIDING FINANCIAL EDUCATION AND GUIDANCE TO HELP INDIVIDUALS, FAMILIES, ENTREPRENEURS AND BUSINESSES EXCEED THEIR FINANCIAL GOALS AND ACHIEVE FINANCIAL SUCCESS. WE ARE FULLY DEDICATED TO HELPING SPREAD A WEALTH OF KNOWLEDGE AND EQUIPPING THEM WITH THE TOOLS THEY NEED TO REACH THEIR FINANCIAL GOALS AND SEE THEIR FINANCIAL DREAMS BECOME A REALITYExpenses $398
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
- 82-1311459
- 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
- 2017
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $238,979
- Income (IRS master file)
- $344,281
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $344,281 | $314,907 | $238,979 | XML |
| 990 | December 2024 | $369,829 | $247,321 | $198,971 | XML |
| 990 | December 2023 | $235,912 | $221,433 | $77,012 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: Taleona Mayfield | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Taleona Mayfield | 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 82-1311459).
Questions about DREAM TEAM FOUNDATION INC
- What is the EIN of DREAM TEAM FOUNDATION INC?
- The employer identification number (EIN) of DREAM TEAM FOUNDATION INC is 82-1311459.
- Is DREAM TEAM FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to DREAM TEAM FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DREAM TEAM FOUNDATION 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 TEAM FOUNDATION INC 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 TEAM FOUNDATION INC 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 TEAM FOUNDATION INC?
- The 990-N for 2020 names Taleona Mayfield.
- Who are the officers and directors of DREAM TEAM FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does DREAM TEAM FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $344,281, expenses of $314,907 and total assets of $238,979 at year end.
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All nonprofits in KERNERSVILLE · North Carolina · Human services