Operation Restore Dreams

Tax-deductible

Lexington, KY501(c)(3)EducationEIN 26-4038634

Operation restore dreams is a non-profit organization specializing in early childhood education for at-risk and disadvantaged children between the ages of 0 and 5 in portsmouth, virginia. The program provides curriculum-based education for the children. Detailed research will be conducted to prove the organization's effectiveness to facilitate future funding and growth. The overall goal is for operation restore dreams to expand to other parts of the united states and even other countries. The research will also allow the current curriculoum to be adjusted and adapted to maximize its effectiveness. To ensure the data collected is not skewed by children who did not have the benefit of the entire program, the program will only accept children under the age of 1 year. Operation restore dreams believes strongly that the brain development of children between the ages of 0 and 5 is absolutely critical to their future success. The program also believes IT is the lack of brain development in ch

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average deficit $18 a year · 5400% of revenue · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1
of 1 voting members
Looks good: 1 of 1 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$0
Spent
$0
Net assets
$974
By yearFY2020–FY2022
Revenue
$0
FY2022
Revenue by fiscal year
FY2020$1
FY2021$0
FY2022$0
Expenses
$0
FY2022▼ -100%
Expenses by fiscal year
FY2020$25
FY2021$30
FY2022$0
Net assets
$974
FY20220%
Net assets by fiscal year
FY2020$1K
FY2021$974
FY2022$974

From the FY2022 Form 990 · see the original

Is it real?

Yes. Exemption reinstated (2014-05-15). Per the IRS revocation list. Latest filing on record: FY2022. IRS ruling in Jun 2015.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
See Operation Restore Dreams executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides early childhood education and curriculum to at-risk children aged 0-5.

Provided by the organization

This section is blank until Operation Restore Dreams claims this page.

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1 program service, described in the organization's own filed words · FY2022.
01

Operation restore dreams is a non-profit organization specializing in early childhood education for at-risk and disadvantaged children between the ages of 0 and 5 in portsmouth, virginia. The program provides curriculum-based education for the children.

Pt IX · col B

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By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$0
Ln 12
Money outPt IX
$0
Ln 25
Owns and owesPt X
$974
net assets · Ln 32
Cash and savingsLn 1–2$974
Total assetsLn 16$974
LiabilitiesLn 26$0
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a1
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Total revenueLn 12$0
Assets in detailPt X, end of year
CashLn 1$974
Cash and savings togetherLn 1–2$974
Total assetsLn 16$974
LiabilitiesLn 26$0
Net assetsLn 32$974
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$974$974
Total assetsLn 16$974$974
LiabilitiesLn 26$0$0
Net assetsLn 32$974$974
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Total functional expensesLn 25$0$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest Viewing $0$0$0$974 990 PDF
FY2021 $0$30−$30$974 990 PDF
FY2020 $1$25−$24$1K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $0 across 1 lines filed
VIII-12 Total revenue$0
Part IX · Statement of functional expenses $0 across 0 lines filed
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$0
Part X · Balance sheet $974 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $974$974
X-16 Total assetsStart of year $974$974
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $974$974
X-33 Total liabilities and net assetsStart of year $974$974
Part XI · Reconciliation of net assets $974 net assets at year end
XI-1 Total revenue$0
XI-2 Total expenses$0
XI-3 Revenue less expenses$0
XI-4 Net assets at start of year$974
XI-10 Net assets at end of year$974

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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