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Dream Blue Foundation

  • Richardson, TX
  • Tax-exempt since April 2013
  • EIN: 46-0699437

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$534k (2024)

Expenses
$825k (2024)

Total Assets
$600k (2024)

Total Liabilities
$0 (2024)

Years with missing data
Source: Form 990 tax filings from 2012 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$533,665
Expenses
$824,518
Net Income
-$290,853
Net Assets
$599,682
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $533,665
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $824,518
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $599,682
Total Liabilities $0
Net Assets $599,682
Compensation
Key Employees and Officers Compensation Other
Sang Hun Lee (Director) $0 $0
Seungah Sarah Lee (Director) $0 $0
Seungeun Susan Lee (Director) $0 $0

Document Links

990-PF
Filed on Nov. 14, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$474,600
Expenses
$626,123
Net Income
-$151,523
Net Assets
$890,535
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $474,600
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $626,123
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $890,535
Total Liabilities $0
Net Assets $890,535
Compensation
Key Employees and Officers Compensation Other
Sang Hun Lee (Director) $0 $0
Seungah Sarah Lee (Director) $0 $0
Seungeun Susan Lee (Director) $0 $0

Document Links

990-PF
Filed on Nov. 15, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,064,776
Expenses
$772,148
Net Income
$292,628
Net Assets
$1,042,058
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,064,776
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $772,148
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,042,058
Total Liabilities $0
Net Assets $1,042,058
Compensation
Key Employees and Officers Compensation Other
Sang Hun Lee (Director) $0 $0
Seungah Sarah Lee (Director) $0 $0
Seungeun Susan Lee (Director) $0 $0

Document Links

990-PF
Filed on Nov. 15, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$939,434
Expenses
$579,724
Net Income
$359,710
Net Assets
$749,430
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $939,434
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $579,724
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $749,430
Total Liabilities $0
Net Assets $749,430
Compensation
Key Employees and Officers Compensation Other
Sang Hun Lee (Director) $0 $0
Seungah Sarah Lee (Director) $0 $0
Seungeun Susan Lee (Director) $0 $0

Document Links

990-PF
Filed on Nov. 15, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$682,200
Expenses
$463,618
Net Income
$218,582
Net Assets
$389,719
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $682,200
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $463,618
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $389,720
Total Liabilities $1
Net Assets $389,719
Compensation
Key Employees and Officers Compensation Other
Sang Hun Lee (Director) $0 $0
Eric Rhee (Director) $0 $0

Document Links

990-PF
Filed on May 25, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$672,800
Expenses
$543,760
Net Income
$129,040
Net Assets
$171,137
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $672,800
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $543,760
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $171,138
Total Liabilities $1
Net Assets $171,137
Compensation
Key Employees and Officers Compensation Other
Sang Hun Lee (Director) $0 $0
Eric Rhee (Director) $0 $0

Document Links

990-PF
Filed on Aug. 17, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$403,100
Expenses
$364,578
Net Income
$38,522
Net Assets
$42,098
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $403,100
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $364,578
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $42,098
Total Liabilities $0
Net Assets $42,098
Compensation
Key Employees and Officers Compensation Other
Sang Hun Lee (Director) $0 $0
Eric Rhee (Director) $0 $0

Document Links

990-PF
Filed on Oct. 3, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$321,085
Expenses
$364,260
Net Income
-$43,175
Net Assets
$3,576
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $321,085
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $364,260
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,576
Total Liabilities $0
Net Assets $3,576
Compensation
Key Employees and Officers Compensation Other
Sang Hun Lee (Director) $0 $0
Eric Rhee (Director) $0 $0

Document Links

990-PF
Filed on May 23, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,537,662
Expenses
$1,501,950
Net Income
$35,712
Net Assets
$46,751
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,537,662
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,501,800
100.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $46,751
Total Liabilities $0
Net Assets $46,751
Compensation
Key Employees and Officers Compensation Other
Sang Hun Lee (Director) $0 $0
Seungah Lee (Director) $0 $0
Claire Lee (Director) $0 $0

Document Links

990-PF
Filed on May 15, 2017

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$634,761
Expenses
$737,700
Net Income
-$102,939
Net Assets
$11,039
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $634,761
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $737,600
100.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $11,039
Total Liabilities $0
Net Assets $11,039
Compensation
Key Employees and Officers Compensation Other
Sang Hun Lee (Director) $0 $0
Seungah Lee (Director) $0 $0
Claire Lee (Director) $0 $0

Document Links

990-PF
Filed on April 1, 2016

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$500,000
Expenses
$585,557
Net Income
-$85,557
Net Assets
$113,978
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $500,000
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $585,557
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $113,978
Total Liabilities $0
Net Assets $113,978
Compensation
Key Employees and Officers Compensation Other
Sang Hun Lee (Director) $0 $0
Seungah Lee (Director) $0 $0
Clair Lee (Director) $0 $0

Document Links

990-PF
Filed on Sept. 30, 2015

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$200,000
Expenses
$10,000
Net Income
$190,000
Net Assets
$190,000
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $200,000
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $10,000
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $190,000
Total Liabilities $0
Net Assets $190,000

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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