Nonprofit · EIN 99-2970860
DREAM MACHINE INNOVATION SO INC
Tax-exempt · LOS ANGELES, CA 90029
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $50,378,638 | $1,234,363 | $49,144,275 | $49,080,826 | $12,153 | $49,068,673 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $49,587,815
- Program service revenue
- $0
- Investment income
- $790,823
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,150,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $12,153
- Program services (functional)
- $1,156,076
- Management and general (functional)
- $78,287
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $49,080,826
- Total liabilities, end of year
- $12,153
- Net assets, end of year
- $49,068,673
- Publicly traded securities
- $42,547,493
- Net assets without donor restrictions
- $49,068,673
- Gross receipts
- $50,378,638
- Employees
- 0
- Volunteers
- 1
- Year formed
- 2024
- State of legal domicile
- DE
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ANTHONY JONES | PRESIDENT Trustee or director, Officer | 10 | $0 | $342,077 | $60,183 |
| SOMER HUNTLEY | TREASURER & SECRETARY Trustee or director, Officer | 10 | $0 | $244,288 | $51,611 |
| JAMIE LUNDER | DIRECTOR Trustee or director, Officer | 10 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1110 N VIRGIL AVE 280, LOS ANGELES, CA 90029-2016
- Principal officer (990 for 2024)
- ANTHONY JONES, 1110 N VIRGIL AVE 280, LOS ANGELES, CA 90029
- Signed the 990
- ANTHONY JONES, CEO
- Phone
- (510) 435-8818
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
California records
California keeps its own records of charities and corporations. Search them by EIN 99-2970860 or by the name DREAM MACHINE INNOVATION SO INC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
TO SUPPORT DREAM MACHINE INNOVATION LAB ("DMIL") AND DOMESTIC PUBLICLY SUPPORTED ORGANIZATIONS THAT ARE ENGAGED IN CREATING OPPORTUNITIES FOR UNDESERVED AND UNDER RESOURCED COMMUNITIES, THUS FURTHERING THE MISSION OF DMIL, ITS SUPPORTED ORGANIZATION.
Program accomplishments
- DREAM MACHINE INNOVATION SUPPORTING ORGANIZATION IS A TYPE 1 SUPPORTING ORGANIZATION ("DMISO") TO SUPPORT DREAM MACHINE INNOVATION LAB ("DMIL") AND DOMESTIC PUBLICLY SUPPORTED ORGANIZATIONS BY PROVIDING CHARITABLE GRANTS DURING 2024.Expenses $1,156,076 · grants $1,150,000
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 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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 99-2970860
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2024
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $49,080,826
- Income (IRS master file)
- $50,378,638
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $50,378,638 | $1,234,363 | $49,080,826 | 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 99-2970860).
Questions about DREAM MACHINE INNOVATION SO INC
- What is the EIN of DREAM MACHINE INNOVATION SO INC?
- The employer identification number (EIN) of DREAM MACHINE INNOVATION SO INC is 99-2970860.
- Is DREAM MACHINE INNOVATION SO INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to DREAM MACHINE INNOVATION SO INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does DREAM MACHINE INNOVATION SO 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 DREAM MACHINE INNOVATION SO INC 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 MACHINE INNOVATION SO INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of DREAM MACHINE INNOVATION SO INC?
- The 990 for the year ended December 31, 2024 names ANTHONY JONES.
- Who are the officers and directors of DREAM MACHINE INNOVATION SO INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does DREAM MACHINE INNOVATION SO INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $50,378,638, expenses of $1,234,363 and total assets of $49,080,826 at year end.
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