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← DREAM ORCHESTRA INC

Form 990 for tax year 2022

Filed by DREAM ORCHESTRA INC.

Totals

Total revenue
$267,130
Total expenses
$288,280
Contributions and grants received
$142,060
Grants paid
$0
Program service revenue
$124,500
Investment income
$570
Other revenue
$0
Total assets, end of year
$193,481
Total liabilities, end of year
$19,647
Net assets or fund balances, end of year
$173,834
Program services expenses (Part IX)
$185,412
Management and general expenses
$102,868
Fundraising expenses
$0
Program service expenses (Part III)
$185,412

Program services were 64.3% 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

    $142,060

  • 2a · Program service revenue: MUSIC PERFORMANCE EVENT

    total $124,500 · related or exempt $124,500

  • 3 · Investment income

    total $570 · excluded $570

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $60,000 · management and general $60,000

  • 10 · Payroll taxes

    total $4,590 · management and general $4,590

  • 11c · Fees: accounting

    total $6,375 · management and general $6,375

  • 11g · Fees: other

    total $87,360 · program services $87,360

  • 12 · Advertising and promotion

    total $2,150 · management and general $2,150

  • 13 · Office expenses

    total $1,342 · management and general $1,342

  • 17 · Travel

    total $63,703 · program services $63,703

  • 19 · Conferences, conventions and meetings

    total $6,377 · program services $6,377

  • 20 · Interest

    total $18 · management and general $18

  • 24a · Other expenses: FACILITY LEASE

    total $21,548 · program services $21,548

  • 24b · Other expenses: MEALS AND ENTERTAINMENT

    total $19,913 · management and general $19,913

  • 24c · Other expenses: SUPPLIES

    total $3,466 · management and general $3,466

  • 24d · Other expenses: EQUIPMENT LEASE

    total $3,162 · program services $3,162

  • 24e · All other expenses

    total $8,276 · program services $3,262 · management and general $5,014

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $189,750 · end of year $193,481

  • 3 · Pledges and grants receivable

    beginning of year $27,314

  • 25 · Other liabilities

    beginning of year $22,080 · end of year $19,647

  • 27 · Net assets without donor restrictions

    beginning of year $194,984 · end of year $173,834

Mission and programs · 2022

Mission

THE PURPOSE OF THIS ORGANIZATION IS TO PROVIDE AND SERVE THE LOCAL COMMUNITY WITH MUSICAL TALENTS BY GIVING AND PROMOTING CLASSICAL MUSIC CONCERTS, EDUCATING THE COMMUNITY FOR BETTER UNDERSTANDING OF CLASSICAL MUSIC AND CULTURE, AND HOLDING CHARITY CONCERTS TO SUPPORT THE GROUPS IN NEED WITHIN THE COMMUNITY.

  • THE PURPOSE OF THIS ORGANIZATION IS TO PROVIDE AND SERVE THE LOCAL COMMUNITY WITH MUSICAL TALENTS BY GIVING AND PROMOTING CLASSICAL MUSIC CONCERTS, EDUCATING THE COMMUNITY FOR BETTER UNDERSTANDING OF CLASSICAL MUSIC AND CULTURE, AND HOLDING CHARITY CONCERTS TO SUPPORT THE GROUPS IN NEED WITHIN THE COMMUNITY.

  • THE PURPOSE OF THE ORGANIZATION/PROGRAM IS TO EDUCATE CLASSICAL MUSIC AND ORCHESTRAL MUSIC TO YOUNG STUDENTS. ALSO, THE PROGRAM GIVES PERFORMANCE OPPORTUNITIES SO STUDENTS CAN EXPEND THEIR EXPERIENCE IN A WIDE RANGE OF SOCIAL CONTACTS AND BEHAVIOR. THROUGH WEEKLY REHEARSAL, STUDENTS LEARN AND INTRODUCE TO ORCHESTRAL REPERTOIRE. THE GROUP PERFORMS FOR VARIOUS OCCASIONS SUCH AS CHARITY EVENTS, COMMUNITY EVENTS, AND ANNUAL CONCERTS.

  • THE PURPOSE OF THIS ORGANIZATION IS TO PROVIDE AND SERVE THE LOCAL COMMUNITY WITH MUSICAL TALENTS BY GIVING AND PROMOTING CLASSICAL MUSIC CONCERTS, EDUCATING THE COMMUNITY FOR BETTER UNDERSTANDING OF CLASSICAL MUSIC AND CULTURE, AND HOLDING CHARITY CONCERTS TO SUPPORT THE GROUPS IN NEED WITHIN THE COMMUNITY.

    Expenses $185,412

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Daniel Suk

    PRESIDENT

    Total calculated
    $60,000
    From this org
    $60,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Yoon Kahm

    SECRETARY

    Total calculated
    $0
    Hours/week
    10

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
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202323199349326757

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