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DR3AM3RS FOUNDATION

CONCORD, North Carolina, 28025

EIN: 84-2029826

Youth Development

MISSION

A. To provide Scholarships, Financial Education, and Entrepreneur training to the youth. B. To provide small business owners with the resources and tools needed to make their Dreams A Reality, by providing resources, services and tools.

 FORM 1023-EZ for DR3AM3RS FOUNDATION

DEMOGRAPHIC

ADDRESS
1768 MILL CREEK LN SW
28025
COUNTY
cabarrus county, NC
IN CARE OF NAME
RASHAUD MCCRAY

ORGANIZATIONAL OVERVIEW & RANKINGS

DR3AM3RS FOUNDATION is a based in CONCORD, NC, focused on Youth Development causes , specifically Youth Development Programs, Other. Established in December 2019, it operates as an independent corporation and contributions to this organization are tax-deductible .

With total assets of $0.00, this ranks 2,553,932 among 2,656,690 nonprofits nationally (Top 97%), demonstrating developing financial capacity relative to its peers. At the state level, it stands at 59,343 out of 80,207 organizations in NC (Top 74%).

In cabarrus county, NC, the organization ranks 1,509 out of 1,553 nonprofits by assets (Top 98%), while locally in concord, it stands at 938 among 946 organizations (Top 100%).

The organization reported no revenue in the most recent filing period, placing it at 2,015,477 nationally and 57,203 in NC.

Within its specific NTEE classification (O50 - O: Youth Development), which includes 37,455 similar organizations, DR3AM3RS FOUNDATION ranks 35,876 in assets (Top 96%) and 32,146 in revenue (Top 86%).

Note: This organization's tax-exempt status was temporarily revoked on May 15, 2022 .

The organization files a 990 - Required to file Form 990-N - Income less than $25,000 per year and operates on a November fiscal year.

CLASSIFICATION

ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
O: Youth Development
NTEE CODE
O50: Youth Development Programs, Other
FOUNDATION CODE
15: Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
EXEMPT ORGANIZATION STATUS CODE
N/A

FINANCIALS

Note: A current revocation appears on the IRS revocation list
Revoked: Sunday, May 15, 2022;

IRS STATEMENT:
"Important note: Just because an organization appears on this list, it does not
mean the organization is currently revoked, as they may have been reinstated."
You may confirm an organization's status by calling the IRS (toll-free) at 1-877-829-5500.

Data current as of Jul. 2022
TAX PERIOD
N/A
ACCOUNTING PERIOD
12
INCOME CODE
N/A
INCOME AMOUNT
$0.00
FORM 990 REVENUE AMOUNT
$0.00
RULING DATE
12/2019
ASSET CODE
N/A
ASSET AMOUNT
$0.00
FILING REQUIREMENT CODE
990 - Required to file Form 990-N - Income less than $25,000 per year
PF FILING REQUIREMENT CODE
No 990-PF return

Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.

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