Seven Dreams Foundation
- Assets
- $302.6k
- Revenue
- $167.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Plymouth, MN
- Founding
- 03/2006
- Data as of
- 06/2023
- EIN
- 20-2378425
Organization Overview
Seven Dreams Foundation is located in Plymouth, MN. The organization was established in 2006. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seven Dreams Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Seven Dreams Foundation generated $167.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $172.4k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE BRING TOGETHER OUR COMMUNITY, EDUCATORS, PARENTS, BUSINESSES AND CIVIC LEADERS TO SECURE WAYS AND MEANS FOR THE INSPIRATION AND ENGAGEMENT OF ALL LEARNERS IN THE ROBBINSDALE AREA SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
1. HANDS-ON LEARNING GRANTS: EVERY SPRING WE AWARD AT LEAST 10,000 IN SMALL GRANTS (UP TO 2,500 EACH) TO RAS STAFF WHO APPLY FOR A HANDS-ON LEARNING GRANT. THE FUNDING FOR THESE GRANTS COMES PRIMARILY FROM THE STAFF CHARITABLE GIVING CAMPAIGN IN THE FALL. OUR GENEROUS STAFF MAKE A DONATION TO SEVEN DREAMS FROM THEIR PAYCHECKS THROUGHOUT THE YEAR, OR THROUGH A ONE-TIME DONATION. THEIR GENEROSITY COMES FULL CIRCLE SINCE ALL OF THIS MONEY IS USED TO FUND STAFF GRANTS FOR PROJECTS IN THEIR SCHOOLS. 2. SUPPORT DISTRICT-WIDE INITIATIVES: EVERY YEAR, THE SEVEN DREAMS EDUCATION FOUNDATION WORKS COLLABORATIVELY WITH ROBBINSDALE AREA SCHOOLS' DISTRICT ADMINISTRATORS TO CREATE A LARGE DISTRICT-WIDE INITIATIVE THAT WILL IMPACT MANY STUDENTS. THE FOUNDATION CHOOSES ONE INITIATIVE TO FUND THROUGH PROCEEDS FROM THE BIRD BASH GALA EVENT. INITIATIVES HAVE INCLUDED REINVIGORATING THE INSTRUMENTAL MUSIC PROGRAM BY PROVIDING THE FUNDS FOR MUSICAL INSTRUMENTS, CULTURALLY RELEVANT MUSIC, ARTISTS-IN-RESIDENCY PROFESSIONALS, AND WELLNESS CENTERS IN THE MIDDLE SCHOOL FOR STUDENTS AND STAFF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Wallace-Jackson Executive Di | Trustee | 20 | $42,775 |
Gail Diane Dickmeyer Board Member | Trustee | 10 | $0 |
Richard Gentner Chair | Trustee | 10 | $0 |
Terry Swanson Treasurer | Trustee | 0.5 | $0 |
Sari Hartzheim Board Member | Trustee | 1.5 | $0 |
Nathaniel Thiekeclough Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $5,372 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $69,340 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $74,712 |
| Total Program Service Revenue | $0 |
| Investment income | $779 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $91,673 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $167,164 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $94,986 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,775 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,395 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,807 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,673 |
| Advertising and promotion | $1,447 |
| Office expenses | $5,418 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $755 |
| All other expenses | $6,074 |
| Total functional expenses | $172,396 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $209,823 |
| Savings and temporary cash investments | $92,799 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $302,622 |
| Accounts payable and accrued expenses | $1,687 |
| Grants payable | $187,238 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,538 |
| Total liabilities | $195,463 |
| Net assets without donor restrictions | $107,159 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $302,622 |