Dreem Makers INC

Salisbury, NC · Public charity (501(c)(3)) · Since 2021 · Recreation & Sports

✓ Tax-deductible Latest data FY2025
Revenue
$411K
▲ +31% vs prior year
Spent
$373K
To programs
88%
Net assets
$71K
By yearFY2022–FY2025
Revenue
$411K
FY2025▲ +31%
Revenue by fiscal year
FY2022$207K
FY2023$307K
FY2024$315K
FY2025$411K
Expenses
$373K
FY2025▲ +21%
Expenses by fiscal year
FY2022$201K
FY2023$289K
FY2024$307K
FY2025$373K
Net assets
$71K
FY2025▲ +122%
Net assets by fiscal year
FY2022$6K
FY2023$24K
FY2024$32K
FY2025$71K

Form 990 for the fiscal year ending December 2025 (IRS tax year 2025).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Foundation funders?
Not on file
Spent on programs?
88% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
↑ +31% vs prior year
Legal name (IRS)Hdr · item CDreem Makers INC
EINHdr · item D87-2462336
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJan 2022
Year of formationHdr · item L2021
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CSalisbury, NC
NTEE classificationIRS BMFRecreation & Sports (N12)

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.12
Program services88%$327K
Management & general12%$46K
Total functional expensesLn 25$373K

Financial health

Program efficiency
88%
of spending reaches programs▼ -2% vs prior filing year
Operating runway
2.3mo
months of highly liquid reserves at operating expense rate▲ +92% vs prior filing year
Surplus margin
+9%
revenue over expenses, this year▲ +277% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$71K
FY2025▲ +122%
Total assets by fiscal year
FY2022$6K
FY2023$24K
FY2024$32K
FY2025$71K
Total liabilities
$0
FY2025
Total liabilities by fiscal year
FY2022$0
FY2023$0
FY2024$0
FY2025$0
Revenue less expensesPt I · Ln 19$39K
Total assetsPt X · Ln 16$71K
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Balance Sheet

Part X · end of year
CashLn 1$71K
Total assetsLn 16$71K
Total liabilitiesLn 26$0
Total net assetsLn 32$71K
Months of cash on handcomputed2.3

Statement of Revenue

Part VIII
Contributions & grants100%$411K
Total revenueLn 12$411K

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $71K · Operating expenses/yr $373K
2.3 months
Where the money goes
Program services
Program services $327K · Total expenses $373K
88%
Management & General
Management & general $46K · Total expenses $373K
12%
Fundraising
Fundraising $0 · Total expenses $373K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $345K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $411K · Total revenue $411K
100%
Government reliance
Government grants $0 · Total revenue $411K
0%
Earned-income share
Program service revenue $0 · Total revenue $411K
0%
Investment reliance
Investment income $0 · Total revenue $411K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $373K
0%
Growth & trend
Revenue growth (YoY)
This year $411K · Prior year $315K
+31%
Net-asset trend (YoY)
End of year $71K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $411K · Expenses $373K
+9%
Liabilities-to-Assets
Total liabilities — · Total assets $71K
—
Net-asset ratio
Net assets $71K · Total assets $71K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $71K
0%
People & payroll
Highest Reported Total Compensation
Individual Jamie Lowe · Reported title Treasurer · Highest reported compensation $32K · Total expenses $373K
9%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $88K · Total expenses $373K
24%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 88%——
Overhead ratio 12%——
Revenue growth 31%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Treasurer
$32,477Pt VII · Sec A
$28,500Pt VII · Sec A
$26,830Pt VII · Sec A

Jamie Lowe’s $32K as Treasurer is at the 47th percentile of top reported officer pay among 1017 $100K–1M recreation & sports nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2025FY2024FY2023
Jamie Lowe$32,477——
Jamie Lowe—$29,209$20,500
Latanya Knoble$28,500——
Latanya Knoble—$27,000—
Michelle Hunnicutt$26,830——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Dreem Makers INC executive salaries →

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

Offers financial help for education and extracurricular activities.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $327K of program spending, described in the organization's own filed words · FY2025.
01

Our nonprofit organization is dedicated to facilitating access to educational resources and extracurricular opportunities for individuals facing financial constraints. We provide financial assistance for a wide range of needs such as tuition supplies uniforms and fees associated with programs like sports and arts.

$327Kprogram expense

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Funders

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 26 grants · $811K · 2022–2025
Charlotte Performing Art AcademyFY2025$169,311
Dedricks Dance DistrictFY2025$25,837
Ata Cheer Lake NormanFY2025$9,890
Inspire Performing Arts CompanyFY2025$9,413
Miss Donna S School of DancingFY2025$6,720
Showtime Theater CompanyFY2025$5,641
The Dance CompanyFY2025$5,277
Charlotte Performing Arts AcademyFY2024$120,574
Dedrick's Dance DistrictFY2024$42,607
Cheer Athletics CharlotteFY2024$13,893
Havilah Dance CompanyFY2024$10,987
Pridgeon Management GivesFY2024$7,805
Enso Elite GymnasticsFY2024$5,919
Charlotte Performing Arts AcademyFY2023$123,228
Dedrick's Dance DistrictFY2023$41,357
Cheer Athletics CharlotteFY2023$16,147
Havilah Dance CompanyFY2023$15,351
Enso Elite GymnasticsFY2023$9,548
See all 26 grants →

Filing history

YearRevenueExpensesChangeFiling
FY2025 Latest Viewing $411K$373K+31% 990 PDF
FY2024 $315K$307K+3% 990 PDF
FY2023 $307K$289K+48% 990 PDF
FY2022 $207K$201K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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