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Nonprofiteer
← BRADENTON DREAM CENTER INC

Form 990 for tax year 2023

Filed by BRADENTON DREAM CENTER INC.

Totals

Total revenue
$341,657
Total expenses
$343,625
Contributions and grants received
$341,507
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$150
Total assets, end of year
$47,643
Total liabilities, end of year
$96,956
Net assets or fund balances, end of year
-$49,313
Program services expenses (Part IX)
$334,749
Management and general expenses
$8,876
Fundraising expenses
$0
Program service expenses (Part III)
$334,749

Program services were 97.4% 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.

  • 1d · Related organizations

    $315,256

  • 1f · All other contributions, gifts and grants

    $26,251

  • 1g · Noncash contributions included above

    $185,256

  • 6a · Gross rents

    real property $100

  • 6b · Less rental expenses

    real property $50

  • 6c · Rental income or loss

    real property $50

  • 6d · Net rental income or loss

    total $50 · excluded $50

  • 11a · Other revenue: Miscellaneous Revenue

    total $100 · related or exempt $0 · unrelated business $0 · excluded $100

  • 11e · Other revenue, total

    $100

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $117,444 · program services $116,511 · management and general $933 · fundraising $0

  • 13 · Office expenses

    total $161 · program services $161 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $45,704 · program services $45,704 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $800 · program services $785 · management and general $15 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $6,627 · program services $5,766 · management and general $861 · fundraising $0

  • 24a · Other expenses: Printing and reproduction

    total $863 · program services $204 · management and general $659 · fundraising $0

  • 24b · Other expenses: Rental equipment

    total $6,877 · program services $6,877 · management and general $0 · fundraising $0

  • 24c · Other expenses: Service and event expenses

    total $95,609 · program services $95,220 · management and general $389 · fundraising $0

  • 24d · Other expenses: Repairs and maintenance

    total $58,691 · program services $53,715 · management and general $4,976 · fundraising $0

  • 24e · All other expenses

    total $10,849 · program services $9,806 · management and general $1,043 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $11,565 · end of year $31,986

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

    $153,649

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

    $137,992

  • 10c · Land, buildings and equipment, net

    beginning of year $22,284 · end of year $15,657

  • 17 · Accounts payable and accrued expenses

    beginning of year $31,584 · end of year $16,956

  • 25 · Other liabilities

    beginning of year $49,610 · end of year $80,000

  • 27 · Net assets without donor restrictions

    beginning of year -$47,345 · end of year -$49,313

Mission and programs · 2023

Mission

Bradenton Dream Center Inc. provides ministry to local neighborhoods through its mobile unit and after school program.

  • Provide ministry to local neighborhoods through our mobile unit and after school program.

    Expenses $334,749

As filed on the 2023 return.

Listed in Part VII

  • Gregg Ellery

    President

    Total calculated
    $203,112
    From this org
    $0
    From related orgs
    $121,708
    Other
    $81,404
    Hours/week
    0.5

    Schedule J breakdown matched by us

    Base
    $0 + $116,890 related
    Bonus
    $0 + $4,818 related
    Other
    $0 + $60,000 related
    Deferred
    $0 + $3,750 related
    Nontaxable benefits
    $0 + $17,654 related
    Filer's total
    $0 + $203,112 related

  • James Bezet

    Vice President

    Total calculated
    $466,992
    From this org
    $0
    From related orgs
    $367,309
    Other
    $99,683
    Hours/week
    0.5

    Schedule J breakdown matched by us

    Base
    $0 + $367,309 related
    Bonus
    $0
    Other
    $0 + $69,996 related
    Deferred
    $0 + $5,383 related
    Nontaxable benefits
    $0 + $24,304 related
    Filer's total
    $0 + $466,992 related

  • Alex Anderson

    Director (1/1/23 - 6/30/23)

    Total calculated
    $195,062
    From this org
    $0
    From related orgs
    $142,738
    Other
    $52,324
    Hours/week
    0.5

    Schedule J breakdown matched by us

    Base
    $0 + $137,717 related
    Bonus
    $0 + $5,022 related
    Other
    $0 + $38,330 related
    Deferred
    $0 + $500 related
    Nontaxable benefits
    $0 + $13,493 related
    Filer's total
    $0 + $195,062 related

  • John Kipp

    Director

    Total calculated
    $124,132
    From this org
    $0
    From related orgs
    $106,626
    Other
    $17,506
    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Pt I Line 3
An independent compensation committee, made up of ARC Pastors, utilizes the mega church compensation survey and reviews the church's overall performance in the prior year to determine the salary for the Bayside Community Church executive leadership team.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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
2023
Filed
7 June 2024
IRS schema version
2023v5.0
Source object
202441669349300224

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