The Dreamville Foundation is a private foundation focused on Education, based in Los Angeles, CA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $175K in total assets. In 2025, it awarded 12 grants totaling $123K. Net investment income was $243.
Key facts about The Dreamville Foundation
In short: The Dreamville Foundation gave $123K across 12 grants in 2025 (avg $10K), mostly in California. 92% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- EIN
- 45-3703982
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $123,299
- Grants made (2025)
- 12
- Average grant
- $10,275
- Median grant
- $1,500
- New grantees (estimate)
- 92% first-time grantees (11 of 12, 2025)
- Total assets
- $174,896
- Primary geography
- California (81% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$175K
+64.2% YoY
Annual Giving
$123K
+16.8% YoY
Grant Count
12
+50.0% YoY
Avg Grant Size
$10K
-22.1% YoY
Under IRS private-foundation payout rules, The Dreamville Foundation reported a distributable amount of $3K for 2025 — the minimum it must pay out in qualifying distributions.
Is The Dreamville Foundation open to new grantees?
92%
first-time grantees, 2025
In 2025, 11 of 12 grantees (92%) were first-time recipients. First grants averaged $2K; repeat grants $100K. How we count
Medians: $2K first-time, $100K repeat.
- 8% of 2025 grantees were also funded in 2024. Method
- Giving grew 80% from 2022 to 2025. Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 12 itemized 2025 grant dollars.
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
Grant Size Distribution
37 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| DIVINE WILL FOUNDATION Encinitas, CA | ADVANCE YOUTH EDUCATION AND WELFARE | $100,000 |
| FOR THE STUDENTS Austin, TX | DONATION FOR DREAMVILLE UNIVERSITY WORKSHOPS. | $8,300 |
| NEW CENTURY MIDDLE SCHOOL Cameron, NC | DONATION TO SUPPORT TEACHER CLOSET PROGRAM. | $1,614 |
| WARRENWOOD ELEMENTARY SCHOOL Fayetteville, NC | DONATION TO SUPPORT TEACHER CLOSET PROGRAM. | $1,505 |
| REID ROSS CLASSICAL SCHOOL Fayetteville, NC | DONATION TO SUPPORT TEACHER CLOSET PROGRAM. | $1,504 |
| BILL HEFNER ELEMENTARY SCHOOL Fayetteville, NC | DONATION TO SUPPORT TEACHER CLOSET PROGRAM. | $1,500 |
| MANCHESTER ELEMENTARY SCHOOL Spring Lake, NC | DONATION TO SUPPORT TEACHER CLOSET PROGRAM. | $1,500 |
| LUTHER NICK JERALDS MIDDLE SCHOOL Fayetteville, NC | DONATION TO SUPPORT TEACHER CLOSET PROGRAM. | $1,499 |
| CLIFFDALE ELEMENTARY SCHOOL Fayetteville, NC | DONATION TO SUPPORT TEACHER CLOSET PROGRAM. | $1,499 |
| EE SMITH HIGH SCHOOL Fayetteville, NC | DONATION TO SUPPORT TEACHER CLOSET PROGRAM. | $1,464 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $174,896 | $106,506 | $112,686 |
| Revenue | $245,728 | $163,856 | $105,947 |
| Expenses | $177,338 | $169,224 | $164,799 |
| Qualifying Distributions | $172,554 | $164,240 | $142,314 |
| Net Investment Income | $243 | $25 | $25 |
| Distributable Amount | $2,919 | $1,226 | $2,788 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 11, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 10, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 14, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 12, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 8, 2026)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 8, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
The Dreamville Foundation is led by Jermaine Cole, President on every filing since 2020; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Jermaine Cole
President
On filings since 2020
No compensation reported
Melissa Cole
Director
On filings since 2024
No compensation reported
Former officers (1)
- Former: Melissa Heholt (2020–2023) — Director
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Dreamville Foundation
How much does The Dreamville Foundation give each year?
The Dreamville Foundation gave $123K across 12 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $106K across 8 grants.
What is The Dreamville Foundation's typical grant size?
The Dreamville Foundation's median grant in 2025 was $1,500, and its average grant was $10,275, across 12 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from The Dreamville Foundation that year got $2K on average.
Where does The Dreamville Foundation give grants?
The Dreamville Foundation gives mostly in California: 81% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were North Carolina (12%) and Texas (7%). The most frequent recipient cities were Fayetteville, NC (6 grants) and Spring Lake, NC (2 grants).
Does The Dreamville Foundation give general operating support?
Not in 2025: none of the 12 grants with a stated purpose on The Dreamville Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Donation to Support Teacher Closet Program." (10 grants).
Who are The Dreamville Foundation's largest grantees?
The Dreamville Foundation's largest 2025 grantees include Divine Will Foundation ($100,000), For the Students ($8,300) and New Century Middle School ($1,614), according to its 2025 IRS Form 990-PF. Together they received 89% of its itemized 2025 grant dollars.
How large is The Dreamville Foundation?
The Dreamville Foundation reported $175K in total assets on its 2025 IRS Form 990-PF. It paid out $173K in qualifying distributions that year, against a required minimum of $3K (roughly 5% of its investment assets).
What is The Dreamville Foundation?
The Dreamville Foundation is a private foundation focused on Education, based in Los Angeles, CA. It holds $175K in total assets as of 2025.
What is The Dreamville Foundation's EIN?
The Dreamville Foundation's EIN (Employer Identification Number) is 45-3703982. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching The Dreamville Foundation by hand.
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