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DREAM IT FOUNDATION, INC. - Florida Company Profile

Company Details

Entity Name: DREAM IT FOUNDATION, INC.
Jurisdiction: FLORIDA
Filing Type: Domestic Non-Profit
Status: Active

The business entity is active. This status indicates that the business is currently operating and compliant with state regulations, suggesting a lower risk profile for lenders and potentially better creditworthiness.

Date Filed: 24 Sep 2018 (6 years ago)
Document Number: N18000010231
FEI/EIN Number 83-1992325

Federal Employer Identification (FEI) Number assigned by the IRS.

Address: 4005 NW 114 AVE, DORAL, FL, 33178, US
Mail Address: 11034 NW 47 LN., DORAL, FL, 33178, US
ZIP code: 33178
County: Miami-Dade
Place of Formation: FLORIDA

Key Officers & Management

Name Role Address
BUSTAMANTE NELSON President 11034 NW 47 LN., DORAL, FL, 33178
BUSTAMANTE NELSON Director 11034 NW 47 LN., DORAL, FL, 33178
CESAR CABRERA JULIO Director 11034 NW 47 LN., DORAL, FL, 33178
GARCIA EDGAR Director 11034 NW 47 LN., DORAL, FL, 33178
CORREA ALEXANDRE Director 11034 NW 47 LN., DORAL, FL, 33178
F&S PROJECTS CORP Agent 1920 N COMMERCE PARKWAY,, WESTON, FL, 33326

Events

Event Type Filed Date Value Description
CHANGE OF PRINCIPAL ADDRESS 2021-07-29 4005 NW 114 AVE, SUITE 13, DORAL, FL 33178 -
REGISTERED AGENT NAME CHANGED 2019-04-16 F&S PROJECTS CORP -
REGISTERED AGENT ADDRESS CHANGED 2019-04-16 1920 N COMMERCE PARKWAY,, SUITE 1920-3, WESTON, FL 33326 -

Documents

Name Date
ANNUAL REPORT 2025-02-05
ANNUAL REPORT 2024-04-17
ANNUAL REPORT 2023-02-06
ANNUAL REPORT 2022-04-11
ANNUAL REPORT 2021-03-03
ANNUAL REPORT 2020-06-15
AMENDED ANNUAL REPORT 2019-04-16
ANNUAL REPORT 2019-04-02
Domestic Non-Profit 2018-09-24

Tax Exempt

EIN Type of Organization Exempt Organization Status Address Ruling Date
83-1992325 Corporation Unconditional Exemption 11034 NW 47TH LN, DORAL, FL, 33178-4211 2019-03
In Care of Name % NELSON BUSTAMANTE
Group Exemption Number 0000
Subsection Charitable Organization, Educational Organization, Literary Organization, Organization to Prevent Cruelty to Animals, Organization to Prevent Cruelty to Children, Organization for Public Safety Testing, Religious Organization, Scientific Organization
Affiliation Independent - This code is used if the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Classification Government Instrumentality, Title-Holding Corporation, Charitable Organization, Agricultural Organization, Board of Trade, Pleasure, Recreational, or Social Club, Fraternal Beneficiary Society, Order or Association, Voluntary Employees' Beneficiary Association (Non-Govt. Emps.), Domestic Fraternal Societies and Associations, Teachers Retirement Fund Assoc., Benevolent Life Insurance Assoc., Burial Association, Credit Union, Mutual Insurance Company or Assoc. Other Than Life or Marine, Corp. Financing Crop Operations, Supplemental Unemployment Compensation Trust or Plan, Employee Funded Pension Trust (Created Before 6/25/59), Post or Organization of War Veterans, Legal Service Organization, Black Lung Trust, Multiemployer Pension Plan, Veterans Assoc. Formed Prior to 1880, Trust Described in Sect. 4049 of ERISA, Title Holding Co. for Pensions, etc., State-Sponsored High Risk Health Insurance Organizations, State-Sponsored Workers' Compensation Reinsurance, ACA 1322 Qualified Nonprofit Health Insurance Issuers, Apostolic and Religious Org. (501(d)), Cooperative Hospital Service Organization (501(e)), Cooperative Service Organization of Operating Educational Organization (501(f)), Child Care Organization (501(k)), Charitable Risk Pool, Qualified State-Sponsored Tuition Program, 4947(a)(1) - Private Foundation (Form 990PF Filer)
Deductibility Contributions are deductible.
Foundation Organization that receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
Tax Period 2023-12
Asset 25,000 to 99,999
Income 1,000,000 to 4,999,999
Filing Requirement 990 (all other) or 990EZ return
PF Filing Requirement No 990-PF return
Accounting Period Dec
Asset Amount 89314
Income Amount 1063878
Form 990 Revenue Amount 1063878
National Taxonomy of Exempt Entities Human Services: Human Service Organizations
Sort Name -

Publication 78 Data

Description Organizations eligible to receive tax-deductible charitable contributions. Users may rely on this list in determining deductibility of their contributions.
On Publication 78 Data List Yes
Deductibility Type of organization and use of contribution: A public charity. Deductibility Limitation: 50% (60% for cash contributions)

Determination Letter

Final Letter(s) FinalLetter_83-1992325_DREAMITFOUNDATIONINC_10012018_01.tif

Form 990-N (e-Postcard)

Organization Name DREAM IT FOUNDATION INC
EIN 83-1992325
Tax Year 2018
Beginning of tax period 2018-01-01
End of tax period 2018-12-31
Gross receipts not greater than $50000 Yes
Organization has terminated No
Mailing Address 11034 NW 47 Ln, Miami, FL, 33178, US
Principal Officer's Name Nelson Bustamante Officer
Principal Officer's Address 11034 NW 47 Ln, Miami, FL, 33178, US

Copies of Returns (990, 990-EZ, 990-PF, 990-T)

Organization Name DREAM IT FOUNDATION INC
EIN 83-1992325
Tax Period 202212
Filing Type E
Return Type 990
File View File
Organization Name DREAM IT FOUNDATION INC
EIN 83-1992325
Tax Period 202112
Filing Type E
Return Type 990
File View File
Organization Name DREAM IT FOUNDATION INC
EIN 83-1992325
Tax Period 202012
Filing Type E
Return Type 990
File View File
Organization Name DREAM IT FOUNDATION INC
EIN 83-1992325
Tax Period 201912
Filing Type E
Return Type 990
File View File

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
1579957305 2020-04-28 0455 PPP 11034 Northwest 47th Lane, MIAMI, FL, 33178
Loan Status Date 2021-02-24
Loan Status Paid in Full
Loan Maturity in Months 24
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 25100
Loan Approval Amount (current) 25100
Undisbursed Amount 0
Franchise Name -
Lender Location ID 17124
Servicing Lender Name City National Bank of Florida
Servicing Lender Address 100 SE 2nd St, MIAMI, FL, 33131
Rural or Urban Indicator U
Hubzone N
LMI N
Business Age Description New Business or 2 years or less
Project Address MIAMI, MIAMI-DADE, FL, 33178-0001
Project Congressional District FL-25
Number of Employees 2
NAICS code 813410
Borrower Race Unanswered
Borrower Ethnicity Unknown/NotStated
Business Type Non-Profit Organization
Originating Lender ID 17124
Originating Lender Name City National Bank of Florida
Originating Lender Address MIAMI, FL
Gender Unanswered
Veteran Unanswered
Forgiveness Amount 25284.3
Forgiveness Paid Date 2021-01-29

Date of last update: 01 Mar 2025

Sources: Florida Department of State