Nonprofit · EIN 85-1321865
CHASE YOUR DREAMS INITIATIVE INC
Tax-exempt · SEVERN, MD 21144
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| January 31, 2026 | 990 | $212,253 | $216,106 | -$3,853 | $95,623 | $0 | $95,623 |
| January 31, 2024 | 990-EZ | $83,951 | $61,682 | $22,269 | $22,269 | $0 | $22,269 |
| January 31, 2023 | 990-EZ | $54,072 | $54,072 | $0 | $0 | $0 | $0 |
Financial details: 990 for the year ended January 31, 2026
Revenue
- Contributions, gifts and grants
- $157,974
- Program service revenue
- $50,317
- Investment income
- $0
- Other revenue
- $3,962
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,000
- Travel
- $216
- Depreciation
- $10,625
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $95,623
- Total liabilities, end of year
- $0
- Net assets, end of year
- $95,623
- Land, buildings and equipment
- $95,623
- Net assets without donor restrictions
- $95,623
- Gross receipts
- $212,253
- Employees
- 0
- Year formed
- 2020
- 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 January 31, 2026, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KYLE WILLIAMS | President Trustee or director | 25 | $0 |
| COMACELL BROWN | Secretary Trustee or director | 15 | $0 |
990-EZ for the year ended January 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KYLE WILLIAMS | PRESIDENT | 25 | $0 |
| COMACELL BROWN | SECRETARY | 15 | $0 |
990-EZ for the year ended January 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KYLE WILLIAMS | PRESIDENT | 25 | $0 |
| COMACELL BROWN | SECRETARY | 15 | $0 |
Address and contacts
- Address (IRS master file)
- 1804 SEVERN HILLS LN, SEVERN, MD 21144-1063
- Mailing address (990-N for 2020)
- 1804 Severn Hills Lane, Severn MD 21144
- Principal officer (990-N for 2020)
- Kyle Williams, 1804 Severn Hills Lane, Severn MD 21144
- Signed the 990
- KYLE WILLIAMS, President
- Phone
- (443) 790-9391
- Website
- www.chaseyourdreamsinc.org
- Return prepared by
- C Kelly Accounting Inc
Mission
PROGRAM SERVICE ACCOMPLISHMENTS: INCOME NUMBER OF LOW/MODERATE INCOME PERSONS ASSISTED (80% AMI OR BELOW) 453 NUMBER OF PERSONS ASSISTED WHO ARE NOT LOW TO MODERATE INCOME 0 BENEFICIARIES - RACE/ETHNICITY WHITE - HISPANIC 0 WHITE NON-HISPANIC 62 BLACK/AFRICAN AMERICAN - HISPANIC 22 BLACK/AFRICAN AMERICAN - NONHISPANIC 431 ASIAN - HISPANIC 0 ASIAN - NON-HISPANIC 0 AMERICAN INDIAN/ALASKAN NATIVE - HISPANIC 0 AMERICAN INDIAN/ALASKAN NATIVE NON-HISPANIC 0 NATIVE HAWAIIAN/OTHER PACIFIC ISLANDER - HISPANIC 0 NATIVE HAWAIIAN/OTHER PACIFIC ISLANDER - NON-HISPANIC 0 OTHER MULTI-RACIAL HISPANIC 0 OTHER MULTIRACIAL - NON-HISPANIC 10 BENEFICIARIES - DISABILITY NUMBER OF PERSONS
Program accomplishments
- WITH A DISABILITY ASSISTED - 6 WE WERE ABLE TO ACCOMPLISH THESE NUMBERS ABOVE FOR THE FISCAL IN TERMS OF THE DEMOGRAPHIC WHO BENEFITED FROM OUR SERVICES. WE HELD 3 MAJOR EVENTS WITH OUR BACK TO SCHOOL DRIVE, THANKSGIVING COMMUNITY FOOD DRIVE, AND CHRISTMAS TOY & BIKE DRIVE. WE CREATED SPORTS PROGRAMS THROUGH THE SPRING AND SUMMER SEASONS TO PROVIDE PLATFORMS FOR OUR YOUTH TO STAY OFF THE STREETS AND WE WERE ABLE TO ASSIST 10 CHILDREN FOR ACQUIRING SCHOLARSHIPS. PROVIDED INTERNSHIP OPPORTUNITIES TO 25 YOUTH AS WELL. FORM 990-EZ, PART V, INFORMATION REGARDING PERSONAL BENEFIT CONTRACTS: THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY, OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT. THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY, OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
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 January, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | January 31, 2026 | June 15, 2026 | 990 on file |
| 2024 | January 31, 2025 | June 16, 2025 | Check at the IRS |
| 2023 | January 31, 2024 | June 17, 2024 | 990-EZ on file |
IRS record
- EIN
- 85-1321865
- 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
- 2020
- Accounting year ends
- January
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O50)
- Assets (IRS master file)
- $95,623
- Income (IRS master file)
- $212,253
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | January 2026 | $212,253 | $216,106 | $95,623 | XML |
| 990-EZ | January 2024 | $83,951 | $61,682 | $22,269 | XML |
| 990-EZ | January 2023 | $54,072 | $54,072 | $0 | XML |
| 990-EZ | January 2022 | – | – | – | IRS |
| 990-N for 2020 Officer: Kyle Williams | January 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 85-1321865).
Questions about CHASE YOUR DREAMS INITIATIVE INC
- What is the EIN of CHASE YOUR DREAMS INITIATIVE INC?
- The employer identification number (EIN) of CHASE YOUR DREAMS INITIATIVE INC is 85-1321865.
- Is CHASE YOUR DREAMS INITIATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to CHASE YOUR DREAMS INITIATIVE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CHASE YOUR DREAMS INITIATIVE 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 CHASE YOUR DREAMS INITIATIVE INC due?
- The return for tax year 2026 (the year ending January 31, 2027) is due June 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CHASE YOUR DREAMS INITIATIVE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended January 2026.
- Who is the principal officer of CHASE YOUR DREAMS INITIATIVE INC?
- The 990-N for 2020 names Kyle Williams.
- Who are the officers and directors of CHASE YOUR DREAMS INITIATIVE INC?
- The 990 for the year ended January 31, 2026 lists 2 people; 0 received compensation from the organization.
- How much revenue does CHASE YOUR DREAMS INITIATIVE INC have?
- On its 990 for the year ended January 31, 2026 it reported revenue of $212,253, expenses of $216,106 and total assets of $95,623 at year end.
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