Nonprofit · EIN 85-3062906
FRIENDS OF DREAM BIG FOUNDATION INC
Tax-exempt · BALTIMORE, MD 21202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,616,139 | $385,876 | $1,230,263 | $1,235,298 | $0 | $1,235,298 |
| June 30, 2024 | 990 | $550,000 | $535,025 | $14,975 | $5,035 | $0 | $5,035 |
| June 30, 2023 | 990 | $611,775 | $792,075 | -$180,300 | $10,060 | $20,000 | -$9,940 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,616,139
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $5,801
- Program services (functional)
- $380,000
- Management and general (functional)
- $5,876
Balance sheet and other
- Total assets, start of year
- $5,035
- Total assets, end of year
- $1,235,298
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,235,298
- Net assets without donor restrictions
- $1,235,298
- Gross receipts
- $1,616,139
- Employees
- 0
- Volunteers
- 3
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SETH MOORE | CHAIRMAN Officer | 2 | $0 |
| RICKY LEVINE | BOARD MEMBER Officer | 2 | $0 |
| STEPHEN W SHAW | BOARD MEMBER Officer | 2 | $0 |
990 for the year ended June 30, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SETH MOORE | CHAIRMAN Officer | 2 | $0 |
| RICKY LEVINE | BOARD MEMBER Officer | 2 | $0 |
| STEPHEN W SHAW | BOARD MEMBER Officer | 2 | $0 |
990 for the year ended June 30, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SETH MOORE | CHAIRMAN Officer | 5 | $0 |
| RICKY LEVINE | BOARD MEMBER Officer | 5 | $0 |
| STEPHEN W SHAW | BOARD MEMBER Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 401 E PRATT ST STE 2432, BALTIMORE, MD 21202-3004
- In care of
- % LAURA SCHEELER
- Principal officer (990 for 2024)
- SETH MOORE, 401 E PRATT STREET SUITE 2432, BALTIMORE, MD 21202
- Signed the 990
- SETH MOORE, CHAIRMAN
- Phone
- (703) 582-3954
- Return prepared by
- HCFL
Mission
TO DEAL WITH THE UNDERLYING CAUSE OF ISSUES AFFECTING HUB ZONE COMMUNITIES IN THE STATE OF MARYLAND. WE SEE EQUAL VALUE IN ALL LIVES AND WE ARE DEDICATED TO IMPROVING THE QUALITY OF LIFE FOR INDIVIDUALS AROUND THE STATE OF MARYLAND. WE BELIEVE THAT ALL SHOULD HAVE AN OPPORTUNITY TO LIVE IN AND HAVE A SUPPORTIVE FAMILY STRUCTURE AND GET A QUALITY EDUCATION. OUR GOAL IS TO STRENGTHEN AND IMPROVE THE QUALITY OF LIFE FOR PEOPLE IN LOW-INCOME COMMUNITIES. FROM POVERTY TO HEALTH, TO EDUCATION, OUR AREAS OF FOCUS OFFER THE OPPORTUNITY TO DRAMATICALLY IMPROVE THE QUALITY OF LIFE FOR THOUSANDS OF PEOPLE. WE BEGIN BY BUILDING PARTNERSHIPS THAT BRING TOGETHER RESOURCES, EXPERTISE, AND VISION TO HELP IMPROVE AND MAKE AN IMPACT IN OUR LOW-INCOME COMMUNITIES. WE WORK WITH THE BEST ORGANIZATIONS AROUND THE STATE OF MARYLAND TO IDENTIFY THE ISSUES, FIND ANSWERS, AND DRIVE CHANGE.
Program accomplishments
- TO DEAL WITH THE UNDERLYING CAUSE OF ISSUES AFFECTING HUB ZONE COMMUNITIES IN THE STATE OF MARYLAND. WE SEE EQUAL VALUE IN ALL LIVES AND WE ARE DEDICATED TO IMPROVING THE QUALITY OF LIFE FOR INDIVIDUALS AROUND THE STATE OF MARYLAND. WE BELIEVE THAT ALL SHOULD HAVE AN OPPORTUNITY TO LIVE IN AND HAVE A SUPPORTIVE FAMILY STRUCTURE AND GET A QUALITY EDUCATION. OUR GOAL IS TO STRENGTHEN AND IMPROVE THE QUALITY OF LIFE FOR PEOPLE IN LOW-INCOME COMMUNITIES. FROM POVERTY TO HEALTH, TO EDUCATION, OUR AREAS OF FOCUS OFFER THE OPPORTUNITY TO DRAMATICALLY IMPROVE THE QUALITY OF LIFE FOR THOUSANDS OF PEOPLE. WE BEGIN BY BUILDING PARTNERSHIPS THAT BRING TOGETHER RESOURCES, EXPERTISE, AND VISION TO HELP IMPROVE AND MAKE AN IMPACT IN OUR LOW-INCOME COMMUNITIES. WE WORK WITH THE BEST ORGANIZATIONS AROUND THE STATE OF MARYLAND TO IDENTIFY THE ISSUES, FIND ANSWERS, AND DRIVE CHANGE.Expenses $380,000
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
- 85-3062906
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type III functionally integrated
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2021
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S11)
- Assets (IRS master file)
- $1,235,298
- Income (IRS master file)
- $1,616,139
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,616,139 | $385,876 | $1,235,298 | IRS |
| 990 | June 2024 | $550,000 | $535,025 | $5,035 | IRS |
| 990 | June 2023 | $611,775 | $792,075 | $10,060 | XML |
| 990 | June 2022 | $740,000 | $913,390 | $192,036 | 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 85-3062906).
Questions about FRIENDS OF DREAM BIG FOUNDATION INC
- What is the EIN of FRIENDS OF DREAM BIG FOUNDATION INC?
- The employer identification number (EIN) of FRIENDS OF DREAM BIG FOUNDATION INC is 85-3062906.
- Is FRIENDS OF DREAM BIG FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to FRIENDS OF DREAM BIG FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does FRIENDS OF 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 FRIENDS 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 FRIENDS OF 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 FRIENDS OF DREAM BIG FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names SETH MOORE.
- Who are the officers and directors of FRIENDS OF DREAM BIG FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does FRIENDS OF DREAM BIG FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,616,139, expenses of $385,876 and total assets of $1,235,298 at year end.
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