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Nonprofiteer
← COLLEGE DREAMS INC

Form 990 for tax year 2023

Filed by COLLEGE DREAMS INC.

Totals

Total revenue
$4,508,867
Total expenses
$4,603,424
Contributions and grants received
$4,458,078
Grants paid
$1,171,813
Program service revenue
$0
Investment income
$29,897
Other revenue
$20,892
Total assets, end of year
$2,298,418
Total liabilities, end of year
$373,743
Net assets or fund balances, end of year
$1,924,675
Program services expenses (Part IX)
$3,979,315
Management and general expenses
$412,900
Fundraising expenses
$211,209
Program service expenses (Part III)
$3,979,315

Program services were 86.4% 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.

  • 1e · Government grants (contributions)

    $2,958,559

  • 1f · All other contributions, gifts and grants

    $1,499,519

  • 3 · Investment income

    total $29,897 · excluded $29,897

  • 11a · Other revenue: OTHER

    total $20,892 · excluded $20,892

  • 11e · Other revenue, total

    $20,892

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,171,813 · program services $1,171,813

  • 5 · Compensation of officers, directors and key employees

    total $102,000 · program services $80,955 · management and general $16,599 · fundraising $4,446

  • 7 · Other salaries and wages

    total $2,588,963 · program services $2,054,796 · management and general $421,323 · fundraising $112,844

  • 11b · Fees: legal

    total $1,029 · program services $35 · management and general $765 · fundraising $229

  • 11c · Fees: accounting

    total $65,773 · program services $2,322 · management and general $51,037 · fundraising $12,414

  • 11g · Fees: other

    total $66,454 · program services $2,248 · management and general $49,430 · fundraising $14,776

  • 13 · Office expenses

    total $54,002 · program services $8,641 · management and general $42,201 · fundraising $3,160

  • 14 · Information technology

    total $8,506 · program services $288 · management and general $6,327 · fundraising $1,891

  • 16 · Occupancy

    total $37,470 · program services $25,160 · management and general $12,310

  • 17 · Travel

    total $42,119 · program services $27,438 · management and general $12,859 · fundraising $1,822

  • 19 · Conferences, conventions and meetings

    total $194,389 · program services $160,107 · management and general $33,365 · fundraising $917

  • 22 · Depreciation, depletion and amortization

    total $48,181 · management and general $48,181

  • 23 · Insurance

    total $25,109 · management and general $25,109

  • 24a · Other expenses: SUPPLIES

    total $66,244 · program services $43,900 · management and general $14,594 · fundraising $7,750

  • 24b · Other expenses: SHARED COST ALLOCATION

    total $0 · program services $332,453 · management and general -$344,477 · fundraising $12,024

  • 24e · All other expenses

    total $131,372 · program services $69,159 · management and general $23,277 · fundraising $38,936

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $372,863 · end of year $340,352

  • 2 · Savings and temporary cash investments

    beginning of year $148,216 · end of year $73,226

  • 3 · Pledges and grants receivable

    beginning of year $322,500 · end of year $409,059

  • 4 · Accounts receivable

    beginning of year $441,128 · end of year $397,815

  • 9 · Prepaid expenses and deferred charges

    beginning of year $21,594 · end of year $30,430

  • 10a · Land, buildings and equipment: cost or other basis

    $999,025

  • 10b · Land, buildings and equipment: accumulated depreciation

    $164,758

  • 10c · Land, buildings and equipment, net

    beginning of year $906,311 · end of year $834,267

  • 15 · Other assets

    beginning of year $288,816 · end of year $213,269

  • 17 · Accounts payable and accrued expenses

    beginning of year $67,438 · end of year $92,991

  • 19 · Deferred revenue

    beginning of year $76,210 · end of year $67,483

  • 23 · Secured mortgages and notes payable

    beginning of year $49,732

  • 25 · Other liabilities

    beginning of year $288,816 · end of year $213,269

  • 27 · Net assets without donor restrictions

    beginning of year $1,371,455 · end of year $1,385,196

  • 28 · Net assets with donor restrictions

    beginning of year $647,777 · end of year $539,479

Mission and programs · 2023

Mission

COLLEGE DREAMS PROMOTES RESILIENCY AND COLLEGE/CAREER READINESS FOR OVER 1,400 LOW INCOME, FIRST GENERATION COLLEGE-BOUND, AND UNDERREPRESENTED STUDENTS OF COLOR. (CONTINUED ON SCHEDULE O) IT SERVES 22 SECONDARY SCHOOLS IN SOUTHERN OREGON THROUGH MATCHED COLLEGE SAVINGS ACCOUNTS, CAREER EXPLORATION AND POST-SECONDARY PLANNING AND DROPOUT PREVENTION PROGRAMS. KEY ACTIVITIES: ACADEMIC MOTIVATIONAL ENHANCEMENT; MENTORING; SKILL-BUILDING AND TUTORING; COLLEGE/CAREER AWARENESS; COMMUNITY SERVICE; COMPETITIVE SCHOLARSHIPS; BARRIER REMOVAL SUPPORT; RIGOROUS COURSE/DUAL CREDIT PLANNING; ACCESS TO YOUTH CAMP, CAREER DEVELOPMENT ACTIVITIES, PRE-COLLEGE PROGRAMS, AND CAMPUS VISITS; ACADEMIC MONITORING, EXCELLENCE INCENTIVES AND SUPPORTTIVE INTERVENTIONS; 3-TO-1 MATCHED COLLEGE SAVINGS; AND SOFT-SKILLS DEVELOPMENT THROUGH PAID WORK EXPERIENCES.

Activities or mission (Part I)

INCREASE OPPORTUNITIES FOR YOUTH TO THRIVE IN SCHOOL, CAREERS, AND LIFE.

  • COLLEGE+ FOCUSES ON 6TH TO 12TH GRADE STUDENTS TO PROVIDE SUPPORT, BUILD SKILLS, AND MOTIVATE ACADEMIC EXCELLENCE. THE PROGRAM INCLUDES SUPPORT FROM A DEPARTMENT OF EDUCATION TALENT SEARCH GRANT.

    Expenses $562,541 · Grants $111,560

  • THE +ACCOUNTS PROGRAM SERVES STUDENTS WHOSE FAMILIES MEET OREGON LOW/MODERATE INCOME AND FAMILY ASSET CRITERIA, BY PROVIDING FINANCIAL EDUCATION CLASSES, DEVELOPING COLLEGE FUNDING PLANS, AND THE POSSIBILITY OF MATCHING SAVINGS PLANS FOR COLLEGE, COMMUNITY COLLEGE OR POST SECONDARY TRAINING PROGRAMS.

    Expenses $749,667 · Grants $586,658

  • CAREER BUILD PROGRAM FOCUSES ON PROVIDING CAREER RELATED LEARNING EXPERIENCE TO HIGH SCHOOL STUDENTS AND OUT-OF-SCHOOL YOUTH UP TO AGE 24 THROUGH AN INTERAGENCY AGREEMENT WITH ROGUE WORKFORCE PARTNERSHIP. SERVICES INCLUDE A REGIONAL CAREER FAIR, YOUTH WORK ETHICS CLASSES, CAREER ACADEMIES, AND PAID OR UNPAID WORK EXPERIENCE.

    Expenses $1,523,473 · Grants $458,664

  • WHATEVER IT TAKES PROGRAM PROVIDES AN ADVISOR AND WRAPAROUND SUPPORT TO STUDENTS AT RISK OF DISENGAGING OR DROPPING OUT AT PARTICIPATING SCHOOLS AND IS FUNDED PRIMARILY BY THE OREGON YOUTH DEVELOPMENT COUNCIL.

    Expenses $1,143,634 · Grants $14,931

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Steve Boyarksy

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Armando Lopez

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Carol Christen

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.2

  • Katie Mena

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Brenda Patton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Ralph Burrelle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Kendell Furguson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Carl Thomas

    EXECUTIVE DIRECTOR

    Total calculated
    $102,000
    From this org
    $102,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202501339349307485

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