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← DREAM CENTER FOUNDATION A CALIFORNIA NON PROFIT CORPORATION

Form 990 for tax year 2023

Filed by DREAM CENTER FOUNDATION A CALIFORNIA NON PROFIT CORPORATION.

Totals

Total revenue
$22,822,036
Total expenses
$22,499,355
Contributions and grants received
$22,299,610
Grants paid
$18,483,098
Program service revenue
$0
Investment income
$522,426
Other revenue
$0
Total assets, end of year
$52,004,864
Total liabilities, end of year
$16,594,157
Net assets or fund balances, end of year
$35,410,707
Program services expenses (Part IX)
$19,219,403
Management and general expenses
$860,972
Fundraising expenses
$2,418,980
Program service expenses (Part III)
$19,219,403

Program services were 85.4% 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.

  • 1c · Fundraising events

    $1,238,821

  • 1f · All other contributions, gifts and grants

    $21,060,789

  • 1g · Noncash contributions included above

    $13,199,538

  • 3 · Investment income

    total $522,426 · excluded $522,426

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

    $1,238,821

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $18,483,098 · program services $18,483,098

  • 7 · Other salaries and wages

    total $1,168,160 · management and general $233,632 · fundraising $934,528

  • 9 · Other employee benefits

    total $131,308 · management and general $26,262 · fundraising $105,046

  • 10 · Payroll taxes

    total $92,794 · management and general $18,559 · fundraising $74,235

  • 11b · Fees: legal

    total $132,262 · management and general $132,262

  • 11c · Fees: accounting

    total $16,400 · management and general $16,400

  • 12 · Advertising and promotion

    total $6,615 · fundraising $6,615

  • 13 · Office expenses

    total $35,585 · management and general $6,897 · fundraising $28,688

  • 17 · Travel

    total $290,612 · fundraising $290,612

  • 23 · Insurance

    total $28,692 · program services $3,789 · management and general $24,903

  • 24a · Other expenses: FUNDRAISING

    total $754,959 · program services $162,124 · fundraising $592,835

  • 24b · Other expenses: RENT

    total $599,546 · program services $565,046 · fundraising $34,500

  • 24c · Other expenses: OTHER

    total $459,324 · program services $5,346 · management and general $102,057 · fundraising $351,921

  • 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 $134,773 · end of year $336,340

  • 2 · Savings and temporary cash investments

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

  • 4 · Accounts receivable

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

  • 7 · Other notes and loans receivable

    beginning of year $52,001,669 · end of year $51,536,668

  • 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 $203,943 · end of year $150,828

  • 25 · Other liabilities

    beginning of year $16,976,329 · end of year $16,443,329

  • 27 · Net assets without donor restrictions

    beginning of year $35,086,679 · end of year $35,246,320

  • 28 · Net assets with donor restrictions

    beginning of year $1,347 · end of year $164,387

Mission and programs · 2023

Mission

DREAM CENTER FOUNDATION PARTNERS WITH COMMUNITY CENTERED ORGANIZATIONS TO PROVIDE HOUSING, CLOTHING, FOOD, MEDICAL CARE, TRAINING 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 $19,219,403 · Grants $18,483,098

  • DREAM CENTER FOUNDATION PARTNERS WITH COMMUNITY CENTERED ORGANIZATIONS TO PROVIDE HOUSING, CLOTHING, FOOD, MEDICAL CARE, TRAINING AND EDUCATION TO THE CHRONICALLY UNDERSERVED INDIVIDUALS AND COMMUNITIES.

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

Listed in Part VII

  • Pastor Caroline Barnett

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    5

  • Joy Enriques

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Resa Hunt

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Tim Hunt

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Rodney Jerkins

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Pastor Charles Nieman

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • David Oddo

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Pastor Tommy Barnett

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Brad Reed

    COO

    Total calculated
    $0
    Hours/week
    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

Provenance

Return type
form_990
Tax year
2023
Filed
15 April 2025
IRS schema version
2023v6.0
Source object
202511059349302596

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