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Nonprofiteer
← D R E A M ALIVE INC

Form 990 for tax year 2023

Filed by D R E A M ALIVE INC.

Totals

Total revenue
$2,179,291
Total expenses
$805,400
Contributions and grants received
$2,163,718
Grants paid
$0
Program service revenue
$0
Investment income
$15,573
Other revenue
$0
Total assets, end of year
$2,162,250
Total liabilities, end of year
$54,397
Net assets or fund balances, end of year
$2,107,853
Program services expenses (Part IX)
$692,310
Management and general expenses
$103,829
Fundraising expenses
$9,261
Program service expenses (Part III)
$692,310

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.

  • 1e · Government grants (contributions)

    $170,008

  • 1f · All other contributions, gifts and grants

    $1,993,710

  • 1g · Noncash contributions included above

    $43,467

  • 3 · Investment income

    total $15,573 · excluded $15,573

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $159,906 · program services $143,915 · management and general $15,991

  • 7 · Other salaries and wages

    total $397,041 · program services $357,337 · management and general $39,704

  • 9 · Other employee benefits

    total $23,563 · program services $21,207 · management and general $2,356

  • 10 · Payroll taxes

    total $42,147 · program services $37,932 · management and general $4,215

  • 11c · Fees: accounting

    total $6,595 · management and general $6,595

  • 13 · Office expenses

    total $19,660 · program services $13,014 · management and general $4,060 · fundraising $2,586

  • 14 · Information technology

    total $10,617 · program services $10,617

  • 17 · Travel

    total $13,374 · program services $12,845 · management and general $529

  • 19 · Conferences, conventions and meetings

    total $7,147 · management and general $7,147

  • 22 · Depreciation, depletion and amortization

    total $1,869 · program services $1,869

  • 23 · Insurance

    total $12,107 · management and general $12,107

  • 24a · Other expenses: SCHOOL PROGRAMING

    total $111,374 · program services $93,574 · management and general $11,125 · fundraising $6,675

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $758,930 · end of year $1,310,013

  • 2 · Savings and temporary cash investments

    end of year $800,396

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

    $54,599

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

    $2,758

  • 10c · Land, buildings and equipment, net

    beginning of year $15,111 · end of year $51,841

  • 17 · Accounts payable and accrued expenses

    beginning of year $40,079 · end of year $54,397

  • 27 · Net assets without donor restrictions

    beginning of year $394,083 · end of year $2,041,740

  • 28 · Net assets with donor restrictions

    beginning of year $339,879 · end of year $66,113

Mission and programs · 2023

Mission

TO HELP VULNERABLE YOUTH BREAK THE CYCLE OF POVERTY BY PROVIDING MENTORING AND CAREER DEVELOPMENT PROGRAMS FOR 6 CONTINUAL YEARS FROM 7TH THROUGH 12 GRADE.

Activities or mission (Part I)

TO HELP VULNERABLE YOUTH BREAK THE CYCLE OF POVERTY BY PROVIDING MENTORING AND CAREER DEVELOPMENT PROGRAMS FOR 6 CONTINUAL YEARS FROM 7TH THROUGH 12TH GRADE.

  • AFTER SCHOOL PROGRAMMING: DREAM ALIVE MENTORS VULNERABLE YOUTH TOWARDS CAREER PATHS THROUGH 6 CONTINUAL YEARS OF INTENTIONAL, DAILY PROGRAMMING. THIS RESULTS IN 250+ HOURS OF MENTORING, CAREER DEVELOPMENT AND CHARACTER DEVELOPMENT PER STUDENT, PER YEAR. IN 2023, DREAM ALIVE PROVIDED 14,891 TOTAL HOURS OF PROGRAMMING, WHICH INCLUDED 103 CAREER-BASED FIELD TRIPS. PROGRAMMING IS PROVIDED AT EACH MIDDLE SCHOOL AND HIGH SCHOOL SITE 2-3 DAYS PER WEEK. IN 2023, DREAM ALIVE WAS ON-SITE AT 3 MIDDLE SCHOOLS AND VARIOUS HIGH SCHOOLS.

    Expenses $692,310

  • DREAM AWARDS ON THE BLUE CARPET - ON MAY 4, 2023, DREAM ALIVE HOSTED ITS NEWLY UPDATED DREAM AWARDS CEREMONY AND DINNER AT THE INDIANA FARM BUREAU FOOTBALL CENTER'S GRIDIRON HALL. THIS VERY SPECIAL EVENT HONORED THE ACHIEVEMENTS OF OUR 30 GRADUATING HIGH SCHOOL SENIORS, WHILE ALSO RECOGNIZING LOCAL COMPANIES AND INDIVIDUALS WHO HAD A SIZABLE IMPACT IN OUR SCHOLARS LIVES DURING THE 2022 - 2023 SCHOOL YEAR. IN ADDITION TO GRADUATION CERTIFICATES, EACH SENIOR RECEIVED A DONATED LAPTOP FROM BASTIAN SOLUTIONS AND A BACKPACK OF GOODIES FROM DREAM ALIVE PARTNERS.

  • 19TH ANNUAL DREAM CHRISTMAS CELEBRATION - ON DECEMBER 13, 2023, DREAM ALIVE HOSTED ITS 19TH ANNUAL DREAM CHRISTMAS CELEBRATION AT THE INDIANA FARM BUREAU FOOTBALL CENTER. OUR BIGGEST CELEBRATION TO DATE! WE HOSTED MORE THAN 500 ATTENDEES AND PROVIDED CHRISTMAS GIFTS TO 103 CHILDREN FROM THEODORE POTTER SPANISH IMMERSION SCHOOL 74 ON INDIANAPOLIS' EAST SIDE. THROUGHOUT NOVEMBER AND DECEMBER, DREAM ALIVE SCHOLARS PARTICIPATED IN A BUDGETING WORKSHOP AT REGIONS BANK, A SHOPPING DAY AT MEIJER TO PURCHASE GIFTS FOR THEIR SPONSORED CHILD AND A WRAPPING PARTY AT ONE OF DREAM ALIVE'S CORPORATE PARTNERS' OFFICE TO WRAP THEIR PRESENTS. ALL DREAM CHRISTMAS GUESTS ENJOYED DINNER PROVIDED BY CHICK-FIL-A, MUSIC FROM A LOCAL DJ, BALLOON TWISTING, A 360 PHOTO BOOTH, ARCADE AND FOOTBALL GAMES, COOKIE DECORATING, ORNAMENT CRAFTS AND PHOTOS WITH SANTA.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Eric Muller

    EXECUTIVE DIRECTOR

    Total calculated
    $89,906
    From this org
    $89,906
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Stephen Smith

    VICE PRESIDENT

    Total calculated
    $70,000
    From this org
    $70,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Charles Akinbola

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Kim Borges

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Matt Conrad

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Tarik Glenn

    PRESIDENT EMERITUS

    Total calculated
    $0
    Hours/week
    2

  • Brandon Himes

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jeff Joyce

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Patricia Shunk

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • John Siefer

    MEMBER

    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.

Provenance

Return type
form_990
Tax year
2023
Filed
4 August 2024
IRS schema version
2023v5.1
Source object
202412179349300301

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