Nonprofit · EIN 84-3705222
DREAM TEAM DES MOINES
Tax-exempt · DES MOINES, IA 50309
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $272,104 | $248,707 | $23,397 | $259,375 | $2,979 | $256,396 |
| December 31, 2024 | 990-EZ | $189,451 | $184,953 | $4,498 | $236,026 | $3,027 | $232,999 |
| December 31, 2023 | 990-EZ | $189,129 | $165,203 | $23,926 | $228,601 | $3,720 | $224,881 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $265,236
- Program service revenue
- $0
- Investment income
- $7,504
- Net income from sales of inventory
- -$636
- Other revenue
- -$636
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $932
- Occupancy
- $24,000
- Program services (functional)
- $198,339
- Management and general (functional)
- $50,368
Balance sheet and other
- Total assets, start of year
- $236,026
- Total assets, end of year
- $259,375
- Total liabilities, end of year
- $2,979
- Net assets, end of year
- $256,396
- Net assets without donor restrictions
- $250,758
- Net assets with donor restrictions
- $5,638
- Gross receipts
- $276,238
- Employees
- 0
- Volunteers
- 80
- Year formed
- 2019
- State of legal domicile
- IA
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 |
|---|---|---|---|
| Julie Fugenschuh | President Trustee or director, Officer | 8 | $0 |
| John Reese | Director Trustee or director | 4 | $0 |
| Bif Ridgeway | Director Trustee or director | 2 | $0 |
| Scott Garner | Vice President Trustee or director, Officer | 2 | $0 |
| Norton Hatlie | Treasurer Trustee or director, Officer | 6 | $0 |
| Jennifer Mann | Secretary Trustee or director, Officer | 3 | $0 |
| Heidi Soliday Benson | Director Trustee or director | 2 | $0 |
| Kelsey Pinegar | Director Trustee or director | 0 | $0 |
| Hayden Meister | Director Trustee or director | 2 | $0 |
| Julie Trausch | Director Trustee or director | 2 | $0 |
| Scott Matter | Executive Director Key employee | 40 | $0 |
| Kara Waugh | Director Former | 0 | $0 |
| Jeff Vangenderen | Executive Director Former | 0 | $0 |
990-EZ for the year ended December 31, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Julie Fugenschuh | President | 8 | $0 |
| John Reese | Director | 4 | $0 |
| Bif Ridgeway | Director | 2 | $0 |
| Scott Garner | Vice President | 2 | $0 |
| Norton Hatlie | Treasurer | 6 | $0 |
| Jennifer Mann | Secretary | 3 | $0 |
| Heidi Soliday Benson | Director | 2 | $0 |
| Kelsey Pinegar | Director | 2 | $0 |
| Kara Waugh | Director | 2 | $0 |
| Scott Matter | Executive Director | 40 | $0 |
| Jeff Vangenderen | Executive Director | 40 | $0 |
990-EZ for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Julie Fugenschuh | President | 8 | $0 |
| John Reese | Director | 3 | $0 |
| Bif Ridgeway | Director | 2 | $0 |
| Scott Garner | Vice President | 3 | $0 |
| Norton Hatlie | Treasurer | 5 | $0 |
| Jennifer Mann | Secretary | 3 | $0 |
| Heidi Soliday Benson | Director | 2 | $0 |
| Kelsey Pinegar | Director | 2 | $0 |
| Kara Waugh | Director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 501 SCOTT AVE, DES MOINES, IA 50309-5047
- In care of
- % BRIAN OLEARY
- Principal officer (990 for 2025)
- Norton Hatlie, 501 Scott Ave, Des Moines, IA 50309
- Signed the 990
- Norton Hatlie, Treasurer
- Return prepared by
- Sweeney Consulting Group
Mission
Dream Team Des Moines is a non-profit organization in central Iowa. We provide young adults with opportunities to build confidence, set goals, and create a healthy lifestyle through mentor-based interactions centered around bicycling. In March, a team of 50-60 teenagers start their 5 month journey to RAGBRAI, a week-long bike ride across Iowa that occurs each July. The riders work with caring volunteers to set goals, work hard, and DREAM BIG! The bicycle is used as a tool to inspire and motivate young people, encourage lifelong wellness, and build confidence through accomplishment. Completing a 400+ mile bike ride across the state gives the participant a tangible sense of achievement, as well as a framework for setting and achieving life goals. The Dream Team makes the seemingly impossible, possible.
Program accomplishments
- The organization trains young adults to complete the 400+ Register's Annual Bike ride Across Iowa.Expenses $198,339
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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 84-3705222
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O50)
- Assets (IRS master file)
- $259,375
- Income (IRS master file)
- $276,238
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $272,104 | $248,707 | $259,375 | XML |
| 990-EZ | December 2024 | $189,451 | $184,953 | $236,026 | XML |
| 990-EZ | December 2023 | $189,129 | $165,203 | $228,601 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | 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 84-3705222).
Questions about DREAM TEAM DES MOINES
- What is the EIN of DREAM TEAM DES MOINES?
- The employer identification number (EIN) of DREAM TEAM DES MOINES is 84-3705222.
- Is DREAM TEAM DES MOINES tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to DREAM TEAM DES MOINES tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DREAM TEAM DES MOINES 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 DES MOINES 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 DES MOINES 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 DES MOINES?
- The 990 for the year ended December 31, 2025 names Norton Hatlie.
- Who are the officers and directors of DREAM TEAM DES MOINES?
- The 990 for the year ended December 31, 2025 lists 13 people; 0 received compensation from the organization.
- How much revenue does DREAM TEAM DES MOINES have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $272,104, expenses of $248,707 and total assets of $259,375 at year end.
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