Nonprofit · EIN 86-1708126
DREAM FOUNDATION OF EASTERN NORTH C AROLINA
Tax-exempt · MOREHEAD CITY, NC 28557
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $985 | $985 | $0 | $0 | $0 | $0 |
| December 31, 2023 | 990-PF | $200 | $0 | $200 | $200 | $0 | $0 |
| December 31, 2022 | 990-PF | $800 | $820 | -$20 | $0 | $0 | $0 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $985
Expenses
- Grants and similar amounts paid
- $445
- Disbursements for charitable purposes
- $445
Balance sheet and other
- Total assets, start of year
- $200
- Total assets, end of year
- $0
- Total liabilities, end of year
- $0
- Net assets, end of year
- $0
- Fair market value of assets
- $200
- Qualifying distributions
- $445
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-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Bobby Chambers Jr 1510 Bay St, Morehead City, NC 28557 | President | 40 | $0 |
| Samar Yaghi 102 Breakwater Dr, Newport, NC 28570 | Vice President | 40 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Bobby Chambers 1510 Bay Street, Morehead City, NC 28557 | Chairman | 30 | $0 |
| Alexis Coward 420 Macon Ct, Morehead City, NC 28557 | Secretary | 25 | $0 |
| Samar Yaghi 102 Breakwater Dr, Newport, NC 28570 | Co-Chairman | 35 | $0 |
990-PF for the year ended December 31, 2022: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Samar Yaghi 102 Breakwater Dr, Newport, NC 28570 | Co founder | 20 | $0 |
| Bobby Chandler Jr 1510 Bay Street, Morehead City, NC 28557 | Co Founder | 20 | $0 |
Address and contacts
- Address (IRS master file)
- 1510 BAY ST, MOREHEAD CITY, NC 28557-3643
- Signed the 990-PF
- Smar Yaghi, Co Founder
- Phone
- (252) 269-2586
- Return prepared by
- DUNCAN'S INC
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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 86-1708126
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $1
- Income (IRS master file)
- $985
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $985 | $985 | $0 | IRS |
| 990-PF | December 2023 | $200 | $0 | $200 | XML |
| 990-PF | December 2022 | $800 | $820 | $0 | XML |
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 86-1708126).
Questions about DREAM FOUNDATION OF EASTERN NORTH C AROLINA
- What is the EIN of DREAM FOUNDATION OF EASTERN NORTH C AROLINA?
- The employer identification number (EIN) of DREAM FOUNDATION OF EASTERN NORTH C AROLINA is 86-1708126.
- Is DREAM FOUNDATION OF EASTERN NORTH C AROLINA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to DREAM FOUNDATION OF EASTERN NORTH C AROLINA tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DREAM FOUNDATION OF EASTERN NORTH C AROLINA 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 FOUNDATION OF EASTERN NORTH C AROLINA due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DREAM FOUNDATION OF EASTERN NORTH C AROLINA last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of DREAM FOUNDATION OF EASTERN NORTH C AROLINA?
- The 990-PF for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does DREAM FOUNDATION OF EASTERN NORTH C AROLINA have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $985, expenses of $985 and total assets of $0 at year end.
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- CARTERET COUNTY ECONOMICDEVELOPMENT FOUNDATION INC EIN 20-5920155 · last filed 990 for 2025
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- CARTERET FOOD AND HEALTH COUNCIL EIN 87-1733924 · last filed 990-N for 2024
- CRYSTAL COAST TOURNAMENT INC EIN 56-1330701 · last filed 990 for 2025
- THE BROAD STREET CLINIC FOUNDATION EIN 56-1853604 · last filed 990 for 2025
- CARTERET COUNTY GENERAL HOSPITAL FOUNDATION CORPORATION EIN 56-1901288 · last filed 990 for 2025
- CARTERET COMMUNITY COLLEGE FOUNDATION INC EIN 51-6089453 · last filed 990 for 2025
All nonprofits in MOREHEAD CITY · North Carolina · Community improvement and capacity building