Nonprofit · EIN 82-3026540
DREAM BIG FOUNDATION INC
Tax-exempt · CROWNSVILLE, MD 21032
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $872,068 | $2,938,914 | -$2,066,846 | $891,635 | $1,264,793 | -$373,158 |
| June 30, 2024 | 990 | $1,307,354 | $1,609,982 | -$302,628 | $1,915,858 | $100,562 | $1,815,296 |
| June 30, 2023 | 990 | $1,590,611 | $1,661,087 | -$70,476 | $2,318,086 | $17,873 | $2,300,213 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $713,960
- of which government grants
- $48,374
- Program service revenue
- $0
- Investment income
- $155,608
- Net gain from sales of assets
- $105,687
- Other revenue
- $2,500
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $489,806
- Salaries, compensation and benefits (total)
- $566,173
- Professional fundraising fees
- $0
- Program services (functional)
- $2,553,163
- Management and general (functional)
- $177,942
- Fundraising (functional)
- $207,809
Balance sheet and other
- Total assets, start of year
- $1,915,858
- Total assets, end of year
- $891,635
- Total liabilities, end of year
- $1,264,793
- Net assets, end of year
- -$373,158
- Publicly traded securities
- $792,486
- Net assets without donor restrictions
- -$373,158
- Gross receipts
- $2,707,215
- Employees
- 2
- Volunteers
- 5
- Year formed
- 2017
- State of legal domicile
- MD
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| VERONICA NOLAN | PARTNER Highest-paid employee | 40 | $261,363 | $10,600 |
| STEPHANIE J AMPONSAH | PARTNER Highest-paid employee | 40 | $228,443 | $9,250 |
| SEAN F MURPHY SR | FOUNDER/BOAR Officer | 10 | $0 | $0 |
| RICKY LEVINE | VICE CHAIRMA Officer | 10 | $0 | $0 |
| STEPHEN W SHAW | BOARD MEMBER Officer | 10 | $0 | $0 |
| DOUG AUSTIN | BOARD MEMBER Officer | 10 | $0 | $0 |
| MICHELLE BECOTE-JACKSON | BOARD MEMBER Officer | 10 | $0 | $0 |
990 for the year ended June 30, 2024: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| VERONICA NOLAN | PARTNER Highest-paid employee | 40 | $207,000 | $10,350 |
| STEPHANIE J AMPONSAH | PARTNER Highest-paid employee | 40 | $176,667 | $8,833 |
| SEAN F MURPHY SR | FOUNDER/BOAR Officer | 10 | $0 | $0 |
| RICKY LEVINE | VICE CHAIRMA Officer | 10 | $0 | $0 |
| STEPHEN W SHAW | BOARD MEMBER Officer | 10 | $0 | $0 |
| DOUG AUSTIN | BOARD MEMBER Officer | 10 | $0 | $0 |
| MICHELLE BECOTE-JACKSON | BOARD MEMBER Officer | 10 | $0 | $0 |
990 for the year ended June 30, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| VERONICA NOLAN | PARTNER Highest-paid employee | 40 | $207,000 | $10,330 |
| STEPHANIE J AMPONSAH | PARTNER Highest-paid employee | 40 | $163,115 | $8,156 |
| SEAN F MURPHY SR | FOUNDER/BOAR Officer | 10 | $0 | $0 |
| RICKY LEVINE | VICE CHAIRMA Officer | 10 | $0 | $0 |
| STEPHEN W SHAW | BOARD MEMBER Officer | 10 | $0 | $0 |
| DOUG AUSTIN | BOARD MEMBER Officer | 10 | $0 | $0 |
| MICHELLE BECOTE-JACKSON | BOARD MEMBER Officer | 10 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1450 WILDERNESS RIDGE TRL, CROWNSVILLE, MD 21032-2123
- Principal officer (990 for 2024)
- SEAN F MURPHY SR, 1450 WILDERNESS RIDGE TRAIL, CROWNSVILLE, MD 21032
- Signed the 990
- SEAN F MURPHY SR, FOUNDER/BOARD CHAIR
- Phone
- (240) 495-0488
- Website
- WWW.DREAMBIGBALTIMORE.ORG
- Return prepared by
- HCFL
Mission
TO STRENGTHEN THE PERFORMANCE OF COMMUNITY-BASED NONPROFITS AND EFFECTIVELY INTEGRATE THEM TO ACHIEVE LIFE CHANGING RESULTS FOR CHILDREN AND YOUTH LIVING IN UNDERSERVED BALTIMORE NEIGHBORHOODS.
Program accomplishments
- STRENGTHENED THE PERFORMANCE OF COMMUNITY-BASED NONPROFITS AND EFFECTIVELY INTEGRATED THEM TO ACHIEVE LIFE CHANGING RESULTS FOR CHILDREN AND YOUTH LIVING IN UNDERSERVED BALTIMORE NEIGHBORHOODS.Expenses $2,553,163
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 82-3026540
- 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
- 2018
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S12)
- Assets (IRS master file)
- $891,635
- Income (IRS master file)
- $2,707,215
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $872,068 | $2,938,914 | $891,635 | IRS |
| 990 | June 2024 | $1,307,354 | $1,609,982 | $1,915,858 | IRS |
| 990 | June 2023 | $1,590,611 | $1,661,087 | $2,318,086 | XML |
| 990 | June 2022 | $1,405,342 | $1,379,738 | $3,123,942 | IRS |
| 990 | June 2021 | $416,051 | $795,651 | $3,093,434 | 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 82-3026540).
Questions about DREAM BIG FOUNDATION INC
- What is the EIN of DREAM BIG FOUNDATION INC?
- The employer identification number (EIN) of DREAM BIG FOUNDATION INC is 82-3026540.
- Is DREAM BIG FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to DREAM BIG FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DREAM BIG 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 BIG FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DREAM BIG FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of DREAM BIG FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names SEAN F MURPHY SR.
- Who are the officers and directors of DREAM BIG FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 7 people; 2 received compensation from the organization, the highest $261,363 (VERONICA NOLAN, PARTNER).
- How much revenue does DREAM BIG FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $872,068, expenses of $2,938,914 and total assets of $891,635 at year end.
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