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← DREAMTREE PROJECT INC

Form 990 for tax year 2022

Filed by DREAMTREE PROJECT INC.

Totals

Total revenue
$3,003,594
Total expenses
$3,165,949
Contributions and grants received
$2,748,913
Grants paid
$806,858
Program service revenue
$293,256
Investment income
-$47,420
Other revenue
$8,845
Total assets, end of year
$1,530,934
Total liabilities, end of year
$304,092
Net assets or fund balances, end of year
$1,226,842
Program services expenses (Part IX)
$2,712,726
Management and general expenses
$427,411
Fundraising expenses
$25,812
Program service expenses (Part III)
$2,712,726

Program services were 85.7% 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)

    $2,402,577

  • 1f · All other contributions, gifts and grants

    $346,336

  • 2a · Program service revenue: PROGRAM SERVICES

    total $235,950 · related or exempt $235,950

  • 2b · Program service revenue: OTHER PROGRAM REVENUE

    total $33,948 · related or exempt $33,948

  • 2c · Program service revenue: ZIGGY'S FROZEN YOGURT

    total $20,691 · unrelated business $20,691

  • 2d · Program service revenue: DREAMTREE FARMS, LLC

    total $2,667 · unrelated business $2,667

  • 3 · Investment income

    total $20 · excluded $20

  • 6a · Gross rents

    real property $4,145

  • 6c · Rental income or loss

    real property $4,145

  • 6d · Net rental income or loss

    total $4,145 · excluded $4,145

  • 7b · Less cost or other basis and sales expenses

    other assets $47,440

  • 7c · Gain or loss

    other assets -$47,440

  • 7d · Net gain or loss

    total -$47,440 · excluded -$47,440

  • 11a · Other revenue: OTHER INCOME

    total $4,700 · related or exempt $4,700

  • 11e · Other revenue, total

    $4,700

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $806,858 · program services $806,858

  • 5 · Compensation of officers, directors and key employees

    total $67,524 · program services $56,045 · management and general $11,479

  • 7 · Other salaries and wages

    total $1,132,485 · program services $933,931 · management and general $198,554

  • 9 · Other employee benefits

    total $71,940 · program services $59,190 · management and general $12,750

  • 10 · Payroll taxes

    total $95,188 · program services $78,060 · management and general $17,128

  • 11g · Fees: other

    total $414,042 · program services $289,288 · management and general $124,454 · fundraising $300

  • 12 · Advertising and promotion

    total $7,477 · program services $6,326 · fundraising $1,151

  • 13 · Office expenses

    total $6,548 · program services $3,036 · management and general $3,512

  • 16 · Occupancy

    total $58,773 · program services $56,177 · management and general $2,596

  • 17 · Travel

    total $9,346 · program services $8,855 · management and general $491

  • 20 · Interest

    total $1,419 · program services $21 · management and general $1,398

  • 22 · Depreciation, depletion and amortization

    total $79,991 · program services $71,992 · management and general $7,999

  • 23 · Insurance

    total $49,780 · program services $49,147 · management and general $633

  • 24a · Other expenses: PARTICIPANT & PROGRAM EXP

    total $163,261 · program services $157,070 · management and general $6,191

  • 24b · Other expenses: FUNDRAISING EXPENSES

    total $73,772 · program services $27,875 · management and general $21,636 · fundraising $24,261

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $44,853 · program services $42,542 · management and general $2,311

  • 24d · Other expenses: EMPLOYEE SUPPORT & TRAINI

    total $29,433 · program services $22,665 · management and general $6,768

  • 24e · All other expenses

    total $53,259 · program services $43,648 · management and general $9,511 · fundraising $100

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $105,568 · end of year $5,499

  • 4 · Accounts receivable

    beginning of year $639,401 · end of year $443,981

  • 8 · Inventories for sale or use

    beginning of year $2,300 · end of year $2,300

  • 9 · Prepaid expenses and deferred charges

    beginning of year $214,311 · end of year $44,142

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

    $2,043,660

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

    $1,010,648

  • 10c · Land, buildings and equipment, net

    beginning of year $1,142,213 · end of year $1,033,012

  • 14 · Intangible assets

    beginning of year $2,000 · end of year $2,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $396,457 · end of year $199,087

  • 19 · Deferred revenue

    beginning of year $221,599 · end of year $32,911

  • 24 · Unsecured notes and loans payable

    beginning of year $79,441 · end of year $70,144

  • 25 · Other liabilities

    end of year $1,950

  • 27 · Net assets without donor restrictions

    beginning of year $1,338,001 · end of year $1,226,842

  • 28 · Net assets with donor restrictions

    beginning of year $70,295

Mission and programs · 2022

Mission

DREAMTREE PROJECT PROVIDES HOUSING AND COMPASSIONATE SUPPORT SERVICES TO YOUTH IN CRISIS.

  • THIS YEAR, DREAMTREE PROJECT CONTINUED TO PROVIDE 24/7 SHELTER AND HOUSING FOR YOUNG ADULTS, INCLUDING HOUSING IN THREE COMMUNITIES (TAOS, RATON, ESPANOLA). DREAMTREE ALSO OPENED A WINTER CRISIS SHELTER FOR ADULTS.

    Expenses $2,712,726 · Grants $806,858 · Revenue $274,598

As filed on the 2022 return.

Listed in Part VII

  • Catherine Hummel

    EXECUTIVE DI

    Total calculated
    $67,524
    From this org
    $67,524
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Todd Ritchie

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Mary Bernal

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • Zach Hudson

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Molly Baird

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Sharon Bumpas Gilster

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Todd Gravelle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Melanie Redmond

    DIRECTOR

    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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • ZIGGY'S LLC

    FOOD SVC · NM

  • DREAMTREE FARMS LLC

    FARMING · NM

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202313189349313016

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