Nonprofit · EIN 85-0661561
DREAM CENTER
Tax-exempt · FOLEY, AL 36535
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $156,419 | $74,048 | $82,371 | $136,115 | – | $136,115 |
| December 31, 2024 | 990-EZ | $118,061 | $115,977 | $2,084 | $41,414 | – | $41,414 |
| December 31, 2023 | 990-EZ | $88,557 | $118,633 | -$30,076 | $44,328 | $5,000 | $39,328 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $86,173
- Net income from fundraising events
- $66,653
- Other revenue
- $3,593
Expenses
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $28,801
- Professional fees and payments to contractors
- $29,295
- Occupancy
- $5,583
- Printing, publications and postage
- $190
- Other expenses
- $10,179
- Program services (functional)
- $74,048
Balance sheet and other
- Total assets, start of year
- $41,417
- Total assets, end of year
- $136,115
- Total liabilities, end of year
- –
- Net assets, end of year
- $136,115
- Cash, savings and investments
- $136,015
- Gross receipts
- $161,675
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-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEVE BAILEY | BOARD PRESID | 20 | $0 |
| JEREMY ANDERSON | BOARD MEMBER | 5 | $0 |
| LYNN CORBETT | BOARD MEMBER | 5 | $0 |
| ED BUSHAW | BOARD MEMBER | 5 | $0 |
990-EZ for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEVE BAILEY | BOARD PRESID | 20 | $0 |
| JEREMY ANDERSON | BOARD MEMBER | 5 | $0 |
| ED BUSHAW | BOARD MEMBER | 5 | $0 |
990-EZ for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSEPH ALDRETE | EXECUTIVE DI | 20 | $0 |
| STEVE BAILEY | BOARD PRESID | 20 | $0 |
| KATY REAGEN-BAILEY | SECRETARY | 20 | $0 |
| MICHAEL HIGGINS | TREASURER | 5 | $0 |
| JESSI HAYNES | BOARD MEMBER | 5 | $0 |
| KIM WARD | BOARD MEMBER | 5 | $0 |
| GABRIELLE WOERNER | BOARD MEMBER | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 18464 UNDERWOOD RD, FOLEY, AL 36535-8967
- In care of
- % DREAM CENTER
- Mailing address (990-N for 2021)
- 12358 County Road 65, Foley AL 36535
- Principal officer (990-N for 2021)
- Joseph Aldrete, 12358 County Road 65, Foley AL 36535
- Signed the 990-EZ
- STEVE BAILEY, BOARD PRESIDENT
- Phone
- (251) 504-6210
- Return prepared by
- AVIZO GROUP INC
Mission
THE PURPOSE OF THE CORP. IS TO ESTABLISH FOR THE GENERAL PUBLIC A SAFE AND STABLE PLACE WHICH SEEKS TO INCORPORATE SCHOOL SERVICES, COMMUNITY PARTNERSHIPS AND OTHER COMMUNITY RESOURCES TO POSITIVELY IMPACT AND ELIMINATE SOME OF THE SOCIOECONOMIC BARRIERS THAT PREVENT STUDENTS AND THEIR FAMILIES FROM ACHIEVING SUCCESS IN ACADEMICS AND IN THEIR COMMUNITY. THIS ACTIVITY IS HOW WE ACCOMPLISH THIS.
Program accomplishments
- WORKING WITH 13 TO 18 YEAR OLDS. BRINGING LIFE SKILLS AND NEEDED RESOURCES TO THEM AND THEIR FAMILIES.Expenses $74,048
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-EZ 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
- 85-0661561
- 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
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O01)
- Assets (IRS master file)
- $136,115
- Income (IRS master file)
- $161,675
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $156,419 | $74,048 | $136,115 | XML |
| 990-EZ | December 2024 | $118,061 | $115,977 | $41,414 | XML |
| 990-EZ | December 2023 | $88,557 | $118,633 | $44,328 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-N for 2021 Officer: Joseph Aldrete | December 31, 2021 | ≤ $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 85-0661561).
Questions about DREAM CENTER
- What is the EIN of DREAM CENTER?
- The employer identification number (EIN) of DREAM CENTER is 85-0661561.
- Is DREAM CENTER tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to DREAM CENTER tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DREAM CENTER 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 CENTER 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 CENTER last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who is the principal officer of DREAM CENTER?
- The 990-N for 2021 names Joseph Aldrete.
- Who are the officers and directors of DREAM CENTER?
- The 990-EZ for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does DREAM CENTER have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $156,419, expenses of $74,048 and total assets of $136,115 at year end.
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