Seven Dreams Foundation
- Assets
- $216.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Plymouth, MN
- Founding
- 03/2006
- Data as of
- 06/2022
- 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 06/2022, Seven Dreams Foundation generated $149.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $144.8k during the year ending 06/2022. While expenses have increased by 7.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
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 A MULTICULTURAL BOOK PROJECT TO BUY 2,500 ELECTRONIC AND PRINT BOOKS FOR THE MIDDLE AND HIGH SCHOOL MEDIA CENTERS THAT ARE CULTURALLY RELEVANT AND INCLUSIVE OF EVERYONE'S STORY AND REINVIGORATING THE INSTRUMENTAL MUSIC PROGRAM BY PROVIDING THE FUNDS FOR MUSICAL INSTRUMENTS, CULTURALLY RELEVANT MUSIC, AND ARTISTS-IN-RESIDENCY PROFESSIONALS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Wallace-Jackson Executive Di | 20 | $40,655 | |
Terry Swanson Treasurer | 0.5 | $0 | |
Abdihamid Badri Secretary | 1 | $0 | |
Helen Bassett Board Member | 0.5 | $0 | |
Kalsey Beach Board Member | 0.5 | $0 | |
Kimberley Lewis Board Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $97,081 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $619 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $51,322 |
| Other Revenue | $0 |
| Total Revenue | $149,022 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $44,014 |
| Professional fees and other payments to independent contractors | $3,730 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $3,386 |
| Other expenses | $13,754 |
| Total expenses | $144,815 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $216,838 |
| Other assets | $0 |
| Total assets | $216,838 |
| Total liabilities | $104,447 |
| Net assets or fund balances | $112,391 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Seven Dreams Foundation has recieved totaling $14,333.
| Awarding Organization | Amount |
|---|---|
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $14,333 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wonderful Foundations Minneapolis, MN | $335,018,950 | $18,325,687 |
Northern School District Tr Nsdt Ashland, WI | $7,100,055 | $19,700,380 |
Plumbers & Steamfitters H & W Trust Iowa State Bank Ttee Des Moines, IA | $75,894,378 | $21,812,028 |
P E O Foundation Des Moines, IA | $140,487,423 | $16,863,604 |
Drexel Funds Milwaukee, WI | $18,531,220 | $8,522,964 |
North Central States Regional Council Of Carpenters Trng Fund Eau Claire, WI | $10,404,488 | $4,232,713 |
Sand County Foundation Inc Madison, WI | $15,482,706 | $6,154,396 |
Life Time Foundation Chanhassen, MN | $2,791,059 | $2,904,635 |
City Forward Collective Inc Milwaukee, WI | $6,717,920 | $2,212,895 |
Via-Bradely College Of Engineering Foundation Sioux Falls, SD | $33,602,136 | $3,151,765 |
Madison Area Technical College Foundation Inc Madison, WI | $19,547,707 | $4,171,287 |
Des Moines Area Community College Foundation Ankeny, IA | $21,577,534 | $4,357,178 |