Skip to content
Nonprofiteer
← TULSA DREAM CENTER INC

Form 990 for tax year 2024

Filed by TULSA DREAM CENTER INC.

Totals

Total revenue
$2,082,360
Total expenses
$2,427,038
Contributions and grants received
$2,065,411
Grants paid
$0
Program service revenue
$2,348
Investment income
$11,058
Other revenue
$3,543
Total assets, end of year
$4,858,952
Total liabilities, end of year
$89,054
Net assets or fund balances, end of year
$4,769,898
Program services expenses (Part IX)
$1,581,469
Management and general expenses
$825,569
Fundraising expenses
$20,000
Program service expenses (Part III)
$1,581,469

Program services were 65.2% 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

    $2,065,411

  • 2a · Program service revenue: RENTAL INCOME

    total $2,348 · excluded $2,348

  • 3 · Investment income

    total $11,058 · excluded $11,058

  • 11a · Other revenue: MERCHANDISE SALE

    total $3,543 · excluded $3,543

  • 11e · Other revenue, total

    $3,543

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $5,079 · program services $3,505 · management and general $1,574

  • 11c · Fees: accounting

    total $42,205 · program services $29,121 · management and general $13,084

  • 12 · Advertising and promotion

    total $10,598 · program services $9,538 · management and general $1,060

  • 13 · Office expenses

    total $1,288 · management and general $1,288

  • 16 · Occupancy

    total $211,021 · program services $84,408 · management and general $126,613

  • 17 · Travel

    total $278,842 · program services $217,497 · management and general $61,345

  • 22 · Depreciation, depletion and amortization

    total $228,873 · program services $176,232 · management and general $52,641

  • 23 · Insurance

    total $6,776 · management and general $6,776

  • 24a · Other expenses: OUTSOURCED SERVICES

    total $782,229 · program services $539,738 · management and general $242,491

  • 24b · Other expenses: SUPPLIES

    total $349,714 · program services $251,794 · management and general $97,920

  • 24c · Other expenses: EQUIPMENT RENTAL & LEASE

    total $120,283 · program services $54,127 · management and general $66,156

  • 24d · Other expenses: HOSTING

    total $110,204 · program services $103,592 · management and general $6,612

  • 24e · All other expenses

    total $279,926 · program services $111,917 · management and general $148,009 · fundraising $20,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $697,890 · end of year $561,128

  • 3 · Pledges and grants receivable

    beginning of year $150,000 · end of year $200,006

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

    $6,502,171

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

    $2,404,353

  • 10c · Land, buildings and equipment, net

    beginning of year $4,374,799 · end of year $4,097,818

  • 17 · Accounts payable and accrued expenses

    end of year $29,358

  • 25 · Other liabilities

    beginning of year $51,535 · end of year $59,696

  • 27 · Net assets without donor restrictions

    beginning of year $3,606,663 · end of year $4,563,348

  • 28 · Net assets with donor restrictions

    beginning of year $1,564,491 · end of year $206,550

Mission and programs · 2024

Mission

OUTREACH TO FAMILIES IN NEED

  • TO REACH FAMILIES IN A DEPRESSED COMMUNITY WITH A MESSAGE OF HOPE AND RESTORATION AND TO BRING ECONOMIC DEVELOPMENT BY IMPLEMENTING PROGRAMS THAT WILL HELP DEVELOP OTHER LIFE SKILLS. DURING THE FISCAL YEAR ENDED JUNE 30, 2025, TULSA DREAM CENTER ("TDC") HAD THE FOLLOWING PROGRAM ACCOMPLISHMENTS: PROVIDED 1,314,463 MEALS, TUTORED 650 STUDENTS THROUGH THE TDC "LITERACY IS FOR EVERYONE" LIFE PROGRAM, 92% OF LIFE PROGRAM STUDENTS ENDED THE PROGRAM READING AT OR ABOVE THEIR GRADE LEVEL, 1,438 STUDENTS RECEIVED SWIMMING LESSONS THROUGH THE TDC AQUATICS PROGRAM, 5,708 STUDENTS WERE KEPT OFF THE STREETS THROUGH THE TDC SPORTS OPEN GYM PROGRAM, 1,222 STUDENTS WERE MENTORED THROUGH THE VARIOUS TDC SPORTS PROGRAMS, 1,100 INDIVIDUALS, AGES 15-25, EXPERIENCING A HOUSING CRISIS WERE REACHED WITH HOUSING ASSISTANCE THROUGH THE "SAFE AND SECURE" PROGRAM, 2,837 INDIVIDUALS WERE SERVED WITH FREE CLOTHING THROUGH TDC'S CLOTHING ROOM AND 8,779 ATTENDEES WERE SERVED AT THE SPRING AND FALL CARNIVAL EVENTS FOR CHILDREN, YOUTH AND ADULTS. ADDITIONALLY THE 13TH ANNUAL TDC TOY RUN WAS HELD, WHICH HELPED PROVIDE TOYS FOR CHILDREN - 2,408 FAMILIES WITH 7,719 CHILDREN RECEIVED 30,864 TOYS AT THE ANNUAL CHRISTMAS EVENT. A TOTAL OF 6,819 VOLUNTEERS SERVED TDC'S NORTH AND WEST LOCATIONS DURING THE FISCAL YEAR.

    Expenses $1,581,469 · Revenue $2,348

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • TIM NEWTON

    EXECUTIVE DI

    Total calculated
    $99,114
    From this org
    $0
    From related orgs
    $53,094
    Other
    $46,020
    Hours/week
    40

  • PAUL DAUGHERTY

    PRESIDENT &

    Total calculated
    $0
    Hours/week
    2

  • SHARON DAUGHERTY

    VICE PRES &

    Total calculated
    $0
    Hours/week
    2

  • JEFF GEUDER

    SECRETARY &

    Total calculated
    $0
    Hours/week
    2

  • DOYLE BISHOP

    TREASURER &

    Total calculated
    $0
    Hours/week
    2

  • RYAN ANDREW

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JOHN BENJAMIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • BRITTNI JONES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • EMONNE MARKLAND

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • GALEN NATION

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
12 May 2026
IRS schema version
2024v5.0
Source object
202611329349306961

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.