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Nonprofiteer
← OPEN DREAMS ORGANIZATION INC

Form 990 for tax year 2024

Filed by OPEN DREAMS ORGANIZATION INC.

Totals

Total revenue
$28,898
Total expenses
$50,391
Contributions and grants received
$28,896
Grants paid
$0
Program service revenue
$0
Investment income
$2
Other revenue
$0
Total assets, end of year
$18,582
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$18,582
Program services expenses (Part IX)
$50,391
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$50,391

Program services were 100.0% 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.

  • 1f · All other contributions, gifts and grants

    $28,896

  • 3 · Investment income

    total $2 · unrelated business $2

Functional expenses

Part IX, the statement of functional expenses.

  • 13 · Office expenses

    total $162 · program services $162

  • 17 · Travel

    total $1,461 · program services $1,461

  • 24a · Other expenses: EDUCATIONAL AND OPERATI

    total $28,918 · program services $28,918

  • 24b · Other expenses: SCHOLARSHIPS

    total $7,800 · program services $7,800

  • 24c · Other expenses: HOSTING FEES

    total $3,631 · program services $3,631

  • 24d · Other expenses: COMPUTER EXPENSE

    total $3,181 · program services $3,181

  • 24e · All other expenses

    total $5,238 · program services $5,238

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,248 · end of year $11,393

  • 2 · Savings and temporary cash investments

    beginning of year $32,187 · end of year $7,189

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

    $7,869

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

    $7,869

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $360 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $40,075 · end of year $18,582

Mission and programs · 2024

Mission

TO EMPOWER CHILDREN AROUND THE WORLD TO OPEN OPPORTUNITIES AND REALIZE THEIR DREAMS THROUGH THE GIFT OF EDUCATION.

  • OPEN DREAMS MENTORS UNDERPRIVILEGED YOUTH INTERESTED IN RECEIVING A HIGHER EDUCATION; HELPS THESE STUDENTS PREPARE FOR THE SATS, AND ANY OTHER COLLEGE EXAMS; ASSISTS STUDENTS IN COMPLETING COLLEGE APPLICATIONS, RAISES MONEY THROUGH DONATIONS AND GRANTS TO OFFER SCHOLARSHIPS FOR HIGHER EDUCATION TO UNDERPRIVILEGED YOUTH, HOSTS EVENTS TO HONOR HARD-WORKING AND AMBITIOUS YOUTH VOLUNTEERS MAKING AN IMPACT IN THEIR COMMUNITY; RECRUITS MENTORS TO ASSIST UNDERPRIVILEGED YOUTH THROUGH THE COLLEGE PREPARATION PROCESS, TUTORS UNDERPRIVILEGED STUDENTS IN MATH, ENGLISH, READING, WRITING, AND SCIENCE.

    Expenses $50,391 · Revenue $28,899

As filed on the 2024 return.

Listed in Part VII

  • Hans Kullberg

    DIRECTOR & SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Cristina Bernardo

    DIRECTOR & PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Jim Leitner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Dominique Bernardo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

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
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202543219349321714

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