Nonprofit · EIN 87-3050392
DREAMS V REALITY
Also known as MISTER K S CLUBHOUSE
Tax-exempt · OMAHA, NE 68127
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $80,035 | $75,757 | $4,278 | $8,707 | $0 | $8,707 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $80,035
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $30,000
- Salaries, compensation and benefits (total)
- $30,000
- Professional fees and payments to contractors
- $16,767
- Occupancy
- $7,975
- Other expenses
- $21,015
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $8,707
- Total liabilities, end of year
- $0
- Net assets, end of year
- $8,707
- Cash, savings and investments
- $8,707
- Gross receipts
- $80,035
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kerron Stark | CEO and Treasurer | 40 | $30,000 |
| Vanessa Powell | Secretary | 0 | $0 |
| Joseph Castellanos | Vice Chair | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 4611 S 96TH ST STE 282, OMAHA, NE 68127-1256
- Mailing address (990-N for 2025)
- 3555 FARNAM ST STE 1105, OMAHA NE 681313307
- Principal officer (990-N for 2025)
- Kerron Stark, 503 Fort St, Omaha NE 68110
- Signed the 990-EZ
- Kerron Stark, 0
- Phone
- (000) 000-0000
Mission
To support the growth and well-being of children through educational television programming free community events and youth programs in education the arts and personal development
Program accomplishments
- Mister Ks Clubhouse - This program creates and distributes high-quality developmentally appropriate educational media programming for children ages 1-6 the programming includes video episodes music and digital resources that focus on social-emotional learningearly literacy and positive identity development In 2024 the program produced and released 2 movies a live stage show and 4 studio music albums reaching over 10000 children via Youtube and community performances
- Community Events - This program organizes free local events focused on family engagement child development and creative expression Events include Black History Month Legacy Quest Mister Ks Trunk or Treat and Mister Ks Magical Christmas With these events we have reached over 2000 children in the community
- Afterschool and in-school programming - This program provides in school interactive educational performances or in person discussions and presentations It also provides after-school programming on social emotional learning with a musical theatre focus for kindergarten and first grade children With these programs we have impacted and presented to over 3000 students within the school systems
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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-N on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 87-3050392
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Arts, culture and humanities (A32)
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-N for 2025 Officer: Kerron Stark | December 31, 2025 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2024 | $80,035 | $75,757 | $8,707 | XML |
| 990-N for 2023 Officer: Kerron Stark | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2022 Officer: Kerron Stark | December 31, 2022 | ≤ $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 87-3050392).
Questions about DREAMS V REALITY
- What is the EIN of DREAMS V REALITY?
- The employer identification number (EIN) of DREAMS V REALITY is 87-3050392.
- Is DREAMS V REALITY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to DREAMS V REALITY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DREAMS V REALITY file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of DREAMS V REALITY 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 DREAMS V REALITY last file with the IRS?
- The latest return in the IRS public files is the 990-N for 2025 for the year ended December 31, 2025.
- Who is the principal officer of DREAMS V REALITY?
- The 990-N for 2025 names Kerron Stark.
- Who are the officers and directors of DREAMS V REALITY?
- The 990-EZ for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $30,000 (Kerron Stark, CEO and Treasurer).
- How much revenue does DREAMS V REALITY have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $80,035, expenses of $75,757 and total assets of $8,707 at year end.
Other nonprofits in OMAHA
- OMAHA PERFORMING ARTS SOCIETY EIN 47-0832480 · last filed 990 for 2025
- JOSLYN ART MUSEUM EIN 47-0384577 · last filed 990 for 2024
- OMAHA CHILDRENS TRUST EIN 99-1346934 · last filed 990 for 2024
- OPAS FOUNDATION EIN 20-3523938 · last filed 990 for 2025
- OMAHA SYMPHONY ASSOCIATION EIN 47-6039304 · last filed 990 for 2025
- PAULA FRIEDLAND BOGGUST FOUNDATION EIN 33-3451123 · last filed 990-PF for 2025
- THE DURHAM MUSEUM EIN 47-0556061 · last filed 990 for 2025
- OMAHA THEATER COMPANY EIN 47-0494912 · last filed 990 for 2025
All nonprofits in OMAHA · Nebraska · Arts, culture and humanities