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Passes our checks

The Dream Center

EIN 46-0942657 · Iowa City, IA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair61 out of 100GovernanceGood77 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

The Corporation is organized exclusively for the purpose of inspiring, uplifting, empowering, and equipping individuals with the tools needed to reach their full potential. Not withstanding the foregoing, however, the Corporation is organized exclusively for charitable and educational purposes, including, for such purposes, the making of distributions to organizations that qualify as exempt organizations under Section 501c 3 of the Internal Revenue Code of 1986, as amended or the corresponding provision of any future United States Internal Revenue Law.

Income
$2.4 million
Spending
$414,374
Spent on programs
77%
Reserves
-72.6 months of spending
Largest source of income
government grants, 94%
Employees
11
Highest pay
$67,095, executive dir.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 61 out of 100.

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    16 of 20

    It owes 21% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 82% of income.

  • Income trend

    15 of 15

    Income rose 681% on the year before.

  • Spending floor

    15 of 15

    77% of spending went to programs and raising each dollar of donations cost 2 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 77 out of 100.

  • Independent board

    25 of 25

    10 of 10 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    0 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $157,679 spent. Youth Program-Our Youth Leadership Academy is broken into two sectors summer and after school. Our Summer program provided mentoring academic, and personal enrichment activities to 300+ youth in the summer, ages 10-17. The program was 4 days a week for 6 weeks throughout the summer. Our RISE After School Youth Leadership Program provided quality after-school programming consisting of weekly goal setting, academic supports, service projects, mentoring and group discussions focused on character,and building community connections. This program served 100+ youth ages 9-17 5 days a week. This program was funded by Johnson County Board of Supervisors Juvenile Justice Youth Development Fund. This year the program also included conferences.
  2. $113,371 spent. Regional Hub-The Regional Hub Project enriches Johnson Countys entrepreneurial ecosystem through services that promote innovation, collaboration, and economic growth. The HUB will provide a commercial kitchen, access to resources, online collaboration platform, workshops and mentorship for the community.
  3. $44,197 spent. Purpose Place-Dream City acts as a sponsor and supports the operations and community programs of the Church .The organizations activities are intended to enhance the well-being, personal development, and spiritual enrichment of youth and families within the community.
  4. $5,663 spent. Lawn Care Program- This program provides entrepreneurial skills for youth.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Worth knowing.

    Status was revoked on November 15, 2014 for not filing returns for three years, and reinstated on May 15, 2015.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since May 2016.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.