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Nonprofit · EIN 87-1353696

DREAM FLIGHT CHARITIES

Tax-exempt · FRANKFORT, KY 40601

Financials

$26K$20K2024$43K$39K2025
Revenue Expenses · by fiscal year end
Financials of DREAM FLIGHT CHARITIES by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-EZ$42,825$38,981$3,844$31,876–$31,876
December 31, 2024990-EZ$26,389$19,740$6,649$28,032–$28,032
Financial details: 990-EZ for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$46,751
Program service revenue
$2,760
Net income from fundraising events
-$6,686

Expenses

Compensation of officers, directors and key employees
$0
Occupancy
$1,061
Other expenses
$37,920
Program services (functional)
$37,920

Balance sheet and other

Total assets, start of year
$28,032
Total assets, end of year
$31,876
Total liabilities, end of year
–
Net assets, end of year
$31,876
Cash, savings and investments
$24,812
Gross receipts
$60,599

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.

NameTitleHours / weekCompensation
Drew UnderwoodExecutive Director20$0
Adrian ReynoldsChairman2$0
Mark TreeshTreasurer1$0
Bob RowlandDirector1$0
Martin EastDirector1$0
Michael PerrosDirector1$0
990-EZ for the year ended December 31, 2024: 8 people
NameTitleHours / weekCompensation
Drew UnderwoodExecutive Director20$500
Adrian ReynoldsChairman2$0
Shelby PoolSecretary1$0
Mark TreeshTreasurer1$0
Bob RowlandDirector1$0
Andres MartinezDirector1$0
Cary KingDirector1$0
Jason CullenDirector1$0

Address and contacts

Address (IRS master file)
88 AIRPORT RD, FRANKFORT, KY 40601-6161
In care of
% DREW UNDERWOOD
Signed the 990-EZ
Drew Underwood, Executive Director
Phone
(270) 849-5765

Mission

Promoting access to aviation for students

990-EZ for the year ended December 31, 2025

Program accomplishments

  • Encourage and enable students to experience aviation first-hand by providing discovery flights, providing scholarships for flight training, and sponsoring flight club activities.
    Expenses $37,920

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-EZ on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
87-1353696
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)
Education (B82)
Assets (IRS master file)
$31,876
Income (IRS master file)
$60,599

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2025$42,825$38,981$31,876IRS
990-EZDecember 2024$26,389$19,740$28,032XML
990December 2023$44,288$35,848$21,383IRS
990December 2022$460,646$447,837$12,943IRS

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 87-1353696).

Questions about DREAM FLIGHT CHARITIES

What is the EIN of DREAM FLIGHT CHARITIES?
The employer identification number (EIN) of DREAM FLIGHT CHARITIES is 87-1353696.
Is DREAM FLIGHT CHARITIES tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
Are donations to DREAM FLIGHT CHARITIES tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does DREAM FLIGHT CHARITIES 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 FLIGHT CHARITIES 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 FLIGHT CHARITIES last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
Who are the officers and directors of DREAM FLIGHT CHARITIES?
The 990-EZ for the year ended December 31, 2025 lists 6 people; 0 received compensation from the organization.
How much revenue does DREAM FLIGHT CHARITIES have?
On its 990-EZ for the year ended December 31, 2025 it reported revenue of $42,825, expenses of $38,981 and total assets of $31,876 at year end.

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