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← DREAM CENTER FOUNDATION A CALIFORNIA NON PROFIT CORPORATION

Form 990 for tax year 2022

Filed by DREAM CENTER FOUNDATION A CALIFORNIA NON PROFIT CORPORATION.

Totals

Total revenue
$26,714,356
Total expenses
$26,572,611
Contributions and grants received
$25,836,258
Grants paid
$20,975,423
Program service revenue
$0
Investment income
$878,098
Other revenue
$0
Total assets, end of year
$52,268,298
Total liabilities, end of year
$17,180,272
Net assets or fund balances, end of year
$35,088,026
Program services expenses (Part IX)
$22,854,835
Management and general expenses
$917,354
Fundraising expenses
$2,800,422
Program service expenses (Part III)
$22,854,835

Program services were 86.0% 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.

  • 1c · Fundraising events

    $1,556,999

  • 1f · All other contributions, gifts and grants

    $24,279,259

  • 1g · Noncash contributions included above

    $13,978,617

  • 3 · Investment income

    total $878,098 · related or exempt $536,165 · excluded $341,933

  • 8a · Fundraising events: contributions included on line 1c

    $1,556,999

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $20,975,423 · program services $20,975,423

  • 7 · Other salaries and wages

    total $1,426,931 · management and general $299,655 · fundraising $1,127,276

  • 10 · Payroll taxes

    total $101,596 · management and general $21,335 · fundraising $80,261

  • 11b · Fees: legal

    total $181,368 · management and general $181,368

  • 11c · Fees: accounting

    total $30,778 · management and general $30,778

  • 11g · Fees: other

    total $177,465 · program services $25,209 · fundraising $152,256

  • 12 · Advertising and promotion

    total $16,130 · fundraising $16,130

  • 13 · Office expenses

    total $13,181 · management and general $1,822 · fundraising $11,359

  • 14 · Information technology

    total $6,673 · management and general $1,800 · fundraising $4,873

  • 17 · Travel

    total $386,251 · fundraising $386,251

  • 23 · Insurance

    total $22,636 · program services $1,816 · management and general $20,820

  • 24a · Other expenses: Rent

    total $1,486,013 · program services $1,451,513 · fundraising $34,500

  • 24b · Other expenses: Other Expeneses

    total $373,471 · management and general $59,776 · fundraising $313,695

  • 24c · Other expenses: Fundaraising

    total $1,074,695 · program services $400,874 · fundraising $673,821

  • 24d · Other expenses: Shared Services

    total $300,000 · management and general $300,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $439,881 · end of year $134,773

  • 2 · Savings and temporary cash investments

    beginning of year $1,460 · end of year $1,285

  • 4 · Accounts receivable

    beginning of year $130,570 · end of year $130,571

  • 7 · Other notes and loans receivable

    beginning of year $34,818,858 · end of year $52,001,669

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

    $55,203

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

    $55,203

  • 17 · Accounts payable and accrued expenses

    beginning of year $294,313 · end of year $203,943

  • 25 · Other liabilities

    beginning of year $150,000 · end of year $16,976,329

  • 27 · Net assets without donor restrictions

    beginning of year $34,946,456 · end of year $35,088,026

Mission and programs · 2022

Mission

Dream Center Foundation partners with community centered organizations to provide housing, clothing, food, medical care, trainig and education to the chronically underserved individuals and communities

  • Contributions are made to The Dream Center and other non-profit organizations that collaborate with the dream center

    Expenses $22,854,835 · Grants $22,854,835

As filed on the 2022 return.

Listed in Part VII

  • Joy Enriques

    Director

    Total calculated
    $0
    Hours/week
    1

  • Rodney Jenkins

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mike Rogers

    Direcrtor

    Total calculated
    $0
    Hours/week
    8

  • David Oddo

    Treasurer

    Total calculated
    $0
    Hours/week
    5

  • Charles Nieman

    Director

    Total calculated
    $0
    Hours/week
    8

  • Sandra Carey

    Director

    Total calculated
    $0
    Hours/week
    5

  • Tim Hunt

    Director

    Total calculated
    $0
    Hours/week
    0

  • Resa Hunt

    Director

    Total calculated
    $0
    Hours/week
    0

  • Tommy Barnett

    President

    Total calculated
    $0
    Hours/week
    10

  • Caroline Barnett

    Vice President

    Total calculated
    $0
    Hours/week
    10

  • Jack Carey

    Board Secretary

    Total calculated
    $0
    Hours/week
    5

  • Brad Reed

    COO

    Total calculated
    $0
    Hours/week
    0

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

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202441849349300404

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