Nonprofit · EIN 84-4986263
DREAM INSTITUTE INC
Tax-exempt · PHOENIX, AZ 85022
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,321,465 | $2,618,692 | -$297,227 | $1,839,370 | $148,606 | $1,690,764 |
| June 30, 2024 | 990 | $2,373,750 | $2,103,330 | $270,420 | $2,164,517 | $173,874 | $1,990,643 |
| June 30, 2023 | 990 | $2,393,946 | $2,935,402 | -$541,456 | $1,922,126 | $201,903 | $1,720,223 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,927,990
- Program service revenue
- $227,113
- Investment income
- $22,017
- Net rental income
- $9,000
- Net income from fundraising events
- $132,194
- Net income from sales of inventory
- $3,148
- Other revenue
- $144,345
Expenses
- Grants and similar amounts paid
- $103,256
- Other salaries and wages
- $802,958
- Salaries, compensation and benefits (total)
- $945,207
- Professional fundraising fees
- $0
- Legal fees
- $52,036
- Accounting fees
- $69,143
- Occupancy
- $198,720
- Travel
- $56,068
- Depreciation
- $50,857
- Program services (functional)
- $1,932,872
- Management and general (functional)
- $443,599
- Fundraising (functional)
- $242,221
Balance sheet and other
- Total assets, start of year
- $2,164,517
- Total assets, end of year
- $1,839,370
- Total liabilities, end of year
- $148,606
- Net assets, end of year
- $1,690,764
- Land, buildings and equipment
- $721,671
- Publicly traded securities
- $92,376
- Net assets without donor restrictions
- $1,690,764
- Gross receipts
- $2,393,687
- Employees
- 25
- Volunteers
- 2,120
- Year formed
- 2020
- State of legal domicile
- UT
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 |
|---|---|---|---|
| ANGEL BARNETT | CEO & DIRECT Trustee or director, Officer | 40 | $66,093 |
| LINDA GRAY | CFO Officer | 5 | $3,500 |
| ANNETTE CARLSON | VICE PRESIDE Trustee or director, Officer | 20 | $0 |
| TIM CARLSON | DIRECTOR Trustee or director | 2 | $0 |
| MIKE INGRAM | CHAIRMAN & D Trustee or director, Officer | 2 | $0 |
| WARREN PANICO | PRESIDENT Trustee or director, Officer | 2 | $0 |
| ATWOOD STANDLEY | VICE PRESIDE Trustee or director, Officer | 2 | $0 |
| KATHLEEN WINN | DIRECTOR Trustee or director | 2 | $0 |
| CHUCK PEABODY | TREASURER & Officer | 2 | $0 |
990 for the year ended June 30, 2024: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Angel Barnett | Chairman & CEO Trustee or director, Officer | 40 | $117,670 | $1,272 |
| Linda Gray | CFO Officer | 5 | $2,156 | $8,174 |
| Annette Carlson | Secretary Trustee or director, Officer | 20 | $0 | $0 |
| Atwood Standley | Vice President Trustee or director, Officer | 2 | $0 | $0 |
| Cindy Robertson | Secretary (part year) Trustee or director, Officer | 2 | $0 | $0 |
| Franklin Santagate | President (part year); trustee Trustee or director, Officer | 2 | $0 | $0 |
| Joshua Chumley | President Trustee or director, Officer | 2 | $0 | $0 |
| Arthur Porter | Director Trustee or director | 2 | $0 | $0 |
| Kathleen Winn | Director Trustee or director | 2 | $0 | $0 |
| Mike Ingram | Director Trustee or director | 2 | $0 | $0 |
| Chuck Peabody | Treasurer Officer | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Angel Barnett | Chairman Trustee or director, Officer | 40 | $124,035 | $1,240 |
| Linda Gray | Treasurer Officer | 2 | $3,922 | $0 |
| Atwood Standley | Vice President Trustee or director, Officer | 2 | $0 | $0 |
| Cindy Robertson | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Franklin Santagate | President Trustee or director, Officer | 2 | $0 | $0 |
| Annette Carlson | Director Trustee or director | 2 | $0 | $0 |
| Arthur Porter | Director Trustee or director | 2 | $0 | $0 |
| Joshua Chumley | Director Trustee or director | 2 | $0 | $0 |
| Kathleen Winn | Director Trustee or director | 2 | $0 | $0 |
| Mike Ingram | Director Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 13613 N CAVE CREEK RD, PHOENIX, AZ 85022-5137
- In care of
- % ANGEL BARNETT
- Principal officer (990 for 2024)
- ANGEL BARNETT, 13613 N CAVE CREEK RD, PHOENIX, AZ 85022
- Signed the 990
- LINDA GRAY, CFO
- Phone
- (602) 867-7117
- Website
- WWW.THEDREAMINSTITUTE.ORG
- Return prepared by
- PRICE KONG & CO CPAS PA
Mission
OUR PURPOSE IS EXPRESSED PRIMARILY IN THREE KEY AREAS OF SERVICE: COMMUNITY ENGAGEMENT SERVICES, ADDICTION AND LIFE RECOVERY PROGRAMS, AND EDUCATION. WE BELIEVE THAT HOPE CAN BE RESTORED DESPITE ANY LIFE CIRCUMSTANCES AND THAT, NO MATTER WHAT AN INDIVIDUAL HAS BEEN THROUGH, IT IS POSSIBLE TO DREAM AGAIN.
Program accomplishments
- AT THE SHORT CREEK DREAM CENTER IN HILLDALE, UT AND COLORADO CITY, AZ WE PROVIDE: -COMMUNITY ENGAGEMENT SERVICES: REGULARLY SCHEDULED OUTREACH EVENTS ARE OPEN TO THE COMMUNITY AND INCLUDE FOOD DISTRIBUTION, MEDICAL SERVICES, A CLOTHING PANTRY AND OTHER SOCIAL EVENTS. -ADDICTION RECOVERY PROGRAMS: WE PROVIDE A RESIDENTIAL RECOVERY PROGRAM FOR YOUNG WOMEN AND MEN THAT HAS BEEN UNIQUELY CRAFTED TO MEET THE COMPLEX NEEDS OF THOSE IN THE COMMUNITY STRUGGLING WITH A VARIETY OF LIFE- CONTROLLING ISSUES. PARTICIPANTS HAVE ACCESS TO LICENSED COUNSELING, MEDICAL AND BEHAVIORAL HEALTH CARE AND EMOTION-BASED THERAPY. -EDUCATION: OUR COMMUNITY EDUCATION EFFORTS ARE OPEN TO THE PUBLIC AND ARE OFFERED AS A WAY TO ENGAGE THE GREATER NEEDS OF THE COMMUNITY. THE PUBLIC CLASSES INCLUDE: RESUME BUILDING, CAREER SEEKING, COOKING, HEALTH AND WELLNESS, PARENTING, CERTIFIED ANGER MANAGEMENT, ART THERAPY AND OTHER LIFE SKILLS CLASSES.Expenses $1,932,872 · grants $103,256 · revenue $2,321,465
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
- 84-4986263
- 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
- 2021
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P80)
- Assets (IRS master file)
- $1,839,370
- Income (IRS master file)
- $2,393,687
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,321,465 | $2,618,692 | $1,839,370 | IRS |
| 990 | June 2024 | $2,373,750 | $2,103,330 | $2,164,517 | IRS |
| 990 | June 2023 | $2,393,946 | $2,935,402 | $1,922,126 | XML |
| 990 | June 2022 | $2,927,311 | $1,464,690 | $2,215,875 | IRS |
| 990 | June 2021 | – | – | – | 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 84-4986263).
Questions about DREAM INSTITUTE INC
- What is the EIN of DREAM INSTITUTE INC?
- The employer identification number (EIN) of DREAM INSTITUTE INC is 84-4986263.
- Is DREAM INSTITUTE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to DREAM INSTITUTE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DREAM INSTITUTE 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 INSTITUTE 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 INSTITUTE 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 INSTITUTE INC?
- The 990 for the year ended June 30, 2025 names ANGEL BARNETT.
- Who are the officers and directors of DREAM INSTITUTE INC?
- The 990 for the year ended June 30, 2025 lists 9 people; 2 received compensation from the organization, the highest $66,093 (ANGEL BARNETT, CEO & DIRECT).
- How much revenue does DREAM INSTITUTE INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,321,465, expenses of $2,618,692 and total assets of $1,839,370 at year end.
Other nonprofits in PHOENIX
- HOSPICE OF THE VALLEY EIN 86-0338886 · last filed 990 for 2025
- CHICANOS POR LA CAUSA INC EIN 86-0227210 · last filed 990 for 2025
- ARIZONA AUTISM UNITED INC EIN 16-1738730 · last filed 990 for 2025
- ABILITY360 INC EIN 86-0486447 · last filed 990 for 2025
- CATHOLIC CHARITIES COMMUNITY SERVICES INC EIN 86-0223999 · last filed 990 for 2025
- VALLEY OF THE SUN YOUNG MENS CHRISTIAN ASSOCIATION EIN 86-0096799 · last filed 990 for 2025
- CIRCLE THE CITY EIN 26-2420730 · last filed 990 for 2025
- AREA AGENCY ON AGING REGION ONE INCORPORATED EIN 74-2371957 · last filed 990 for 2025