Form 990 for tax year 2024
Filed by FREE TO DREAM INSTITUTE.
This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.
What the amendment changed
Compared with the latest return for 2024 , filed 8 October 2025. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.
Those are the same on the two returns, so the amendment changed something else.
Totals
- Total revenue
- $1,052,500
- Total expenses
- $920,268
- Contributions and grants received
- $1,052,500
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $98,792
- Total liabilities, end of year
- $3,579
- Net assets or fund balances, end of year
- $95,213
- Program services expenses (Part IX)
- $641,402
- Management and general expenses
- $126,260
- Fundraising expenses
- $152,606
- Program service expenses (Part III)
- $641,402
Program services were 69.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$1,052,500
-
8c · Net income from fundraising events
total $0
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $176,385 · program services $146,385 · management and general $30,000
-
9 · Other employee benefits
total $37,021 · program services $29,617 · management and general $7,404
-
10 · Payroll taxes
total $10,862 · program services $8,690 · management and general $2,172
-
11b · Fees: legal
total $9,851 · management and general $9,851
-
11c · Fees: accounting
total $19,600 · management and general $19,600
-
11e · Fees: professional fundraising services
total $57,132 · fundraising $57,132
-
11g · Fees: other
total $178,107 · program services $147,552 · management and general $30,555
-
12 · Advertising and promotion
total $214,733 · program services $209,333 · management and general $5,400
-
13 · Office expenses
total $31,284 · program services $16,855 · management and general $14,429
-
17 · Travel
total $43,356 · program services $43,356
-
20 · Interest
total $102 · management and general $102
-
22 · Depreciation, depletion and amortization
total $2,371 · management and general $2,371
-
23 · Insurance
total $1,084 · program services $1,084
-
24a · Other expenses: Donations
total $95,474 · fundraising $95,474
-
24b · Other expenses: Events Expenses
total $18,084 · program services $18,084
-
24c · Other expenses: Bank Fees
total $335 · management and general $335
-
24d · Other expenses: Program Meals
total $10,154 · program services $10,154
-
24e · All other expenses
total $14,333 · program services $10,292 · management and general $4,041
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $16,764 · end of year $78,466
-
10a · Land, buildings and equipment: cost or other basis
$20,326
-
10c · Land, buildings and equipment, net
end of year $20,326
-
25 · Other liabilities
beginning of year $54,600 · end of year $3,579
-
27 · Net assets without donor restrictions
beginning of year -$37,836 · end of year $95,213
Mission and programs · 2024
Mission
To provide direct services to underserved youth and system impacted individuals.
-
Youth leadership summit. Music production training for system impacted individuals. Digital curriculum development.
Expenses $641,402
As filed on the 2024 return.
Listed in Part VII
-
Adiza B Mahamah
Officer
- Total calculated
- $150,000
- From this org
- $150,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0
-
Rashid Lynn
Director
- Total calculated
- $0
- Hours/week
- 0
-
Charles Johnson
Director
- Total calculated
- $0
- Hours/week
- 0
-
Scott Budnick
Director
- Total calculated
- $0
- Hours/week
- 0
-
Francois Mobasser
Director
- Total calculated
- $0
- Hours/week
- 0
-
Mahalia Hines
Director
- Total calculated
- $0
- Hours/week
- 0
-
Tamara BrownTAMARA BROWN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 40
-
Calvin M Williams
Officer
- Total calculated
- $0
- Hours/week
- 0
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 8 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202533019349302493
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