Common Dreams Inc
- Assets
- $576.5k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 15
- Location
- Portland, ME
- Founding
- 06/2007
- Data as of
- 12/2021
- EIN
- 20-3368194
Organization Overview
Common Dreams Inc is located in Portland, ME. The organization was established in 2007. According to its NTEE Classification (V99) the organization is classified as: Social Science N.E.C., under the broad grouping of Social Science and related organizations. As of 12/2021, Common Dreams Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Common Dreams Inc 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 12/2021, Common Dreams Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 11.5% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
COMMON DREAMS NEWS SERVICE OPERATES DAILY, PROVIDING PUBLIC EDUCATION ON A DIVERSE RANGE OF SOCIAL,ECONOMIC, AND CIVIC ISSUES. WE PROVIDE ACCESS TO INFORMATION ON PROGRESSIVE ISSUES, ENRICHING PUBLIC DISCOURSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DAILY REVIEW OF COMMERCIAL AND ALTERNATIVE NEWS SOURCES FOR NEWS ARTICLES AND OPINION PIECES. DAILY POSTING OF UNEDITED, ORIGINAL OPINION PIECES SUBMITTED BY READERS. DAILY POSTING OF ORIGINAL AND UNEDITED PRESS RELEASES FROM A WIDE VARIETY OF ORGANIZATIONS. WEB SITE MAINTENANCE AND OTHER RELATED INTERNET ACTIVITIES NECESSARY TO ITS EDUCATIONAL PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig S Brown Exec Directo | OfficerTrustee | 40 | $175,000 |
Kimberly Monaghan Chair/paid P | OfficerTrustee | 40 | $81,000 |
Elizabeth Beane Treasurer/se | OfficerTrustee | 1 | $0 |
Brenda Humphrey Member | Trustee | 1 | $0 |
Marta Daniels Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,248,410 |
| Noncash contributions included in lines 1a–1f | $1,010 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,248,410 |
| Total Program Service Revenue | $0 |
| Investment income | $332 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,248,753 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $284,263 |
| Compensation of current officers, directors, key employees. | $79,832 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $857,849 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $102,930 |
| Payroll taxes | $112,110 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $335 |
| Fees for services: Accounting | $600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,910 |
| Advertising and promotion | $3,649 |
| Office expenses | $22,455 |
| Information technology | $274,230 |
| Royalties | $0 |
| Occupancy | $80,772 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $251 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,398 |
| Insurance | $6,852 |
| All other expenses | $0 |
| Total functional expenses | $1,816,436 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $544,189 |
| 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 | $32,319 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $576,508 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $576,508 |
| 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 | $576,508 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Common Dreams Inc has recieved totaling $119,127.
| Awarding Organization | Amount |
|---|---|
Park Foundation Inc Ithaca, NY PURPOSE: GENERAL SUPPORT | $100,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $12,930 |
W James And Jane K Truettner Foundation Crested Butte, CO PURPOSE: GENERAL SUPPORT | $2,500 |
Sol R Kaufman Family Foundation Chicago, IL PURPOSE: CHARITABLE | $2,000 |
Fonda Family Foundation Inc Atlanta, GA PURPOSE: FURTHER ORGANIZATION'S EXEMPT PURPOSE | $1,500 |
Reed Jules Oppenheimer Foundation Tulsa, OK PURPOSE: GENERAL OPERATIONS | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Academy Of Arts And Sciences Cambridge, MA | $98,109,829 | $16,451,568 |
Human Services Research Institute Inc Cambridge, MA | $6,662,398 | $12,105,184 |
American Institute For Economic Research Inc Great Barrington, MA | $214,395,947 | $3,768,400 |
Central Massachusetts Agency On Aging Inc Worcester, MA | $2,752,139 | $4,874,436 |
Center For Higher Ambition Leadership Inc Lincoln, MA | $1,076,909 | $3,669,886 |
Harvard Law Review Association Cambridge, MA | $39,557,472 | $5,473,265 |
Brazelton Touchpoints Project Inc Boston, MA | $12,209,542 | $7,211,232 |
Political Research Associates Somerville, MA | $3,771,294 | $2,818,345 |