Better Way Ministries
- Assets
- $943.6k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 17
- Location
- Columbus, OH
- Founding
- 11/2015
- Data as of
- 08/2023
- EIN
- 31-1173550
Organization Overview
Better Way Ministries, operating under the name Columbus Dream Center, is located in Columbus, OH. The organization was established in 2015. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 08/2023, Columbus Dream Center employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Columbus Dream Center 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 08/2023, Columbus Dream Center generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (8.9%) each year. All expenses for the organization totaled $1.6m during the year ending 08/2023. 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
PROVIDE HOPE TO LOW-INCOME, HOMELESS, AND UNDER-SERVED INDIVIDUALS AND FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLUMBUS DREAM CENTER SERVED THE COMMUNITY THROUGH VARIOUS EVENTS AND PROGRAMS INCLUDING THE FOLLOWING: ADOPT A BLOCK PROGRAMMING - PARTIES DURING THE SUMMER IN LOCAL COMMUNITIES TO TOUCH BASE WITH THE KIDS AND FAMILIES OF THE AREA AND CONTINUE CONNECTION DURING THE NON-SCHOOL SEASON. THIS PROGRAMMING ALSO INCLUDES SUPER SATURDAYS WHERE THE DREAM CENTER DOES SMALLER SETTING ADOPT A BLOCK PARTIES. HOSTING MEAL NIGHTS, BREAKFAST SERVES AND MEAL DISTRIBUTIONS TO SERVE HOT MEALS TO THE HOMELESS COMMUNITY WEEKLY. BROTHERHOOD AND SISTERHOOD - PROGRAMMING SPECIFICALLY GEARED TOWARD YOUNG BOYS AND GIRLS IN A SMALL GROUP SETTING. HOLIDAY-SPECIFIC OUTREACH FOR THANKSGIVING, CHRISTMAS, AND EASTER
THE COLUMBUS DREAM CENTER RESPONDED TO THE COVID-19 CRISIS IN 2020 WITH A LEARNING EXTENSION PROGRAM WHERE THEY OFFERED A SAFE SPACE FOR STUDENTS TO DO REMOTE SCHOOL WORK WITH SUPPORT AND MEALS. IN 2021, AS SCHOOLS RETURNED TO IN PERSON, THE DREAM CENTER DESIRED TO MAINTAIN CONNECTION WITH THE STUDENTS AND LAUNCHED THE AFTER SCHOOL PROGRAM FOR STUDENTS TO CONTINUE WITH SUPPORT ON HOMEWORK, RECEIVE SNACKS, AND BE CONNECTED WITH THE VOLUNTEERS AND STUDENTS IN THE AREA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Executive Director | OfficerTrustee | 40 | $37,228 |
Name Not Listed President | OfficerTrustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $60,800 |
| Government grants | $6,990 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,190,819 |
| Noncash contributions included in lines 1a–1f | $379,067 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,258,609 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,335 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,776 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,264,720 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $519,816 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $154,305 |
| Compensation of current officers, directors, key employees. | $27,493 |
| Compensation to disqualified persons | $62,222 |
| Other salaries and wages | $475,350 |
| Pension plan accruals and contributions | $32,352 |
| Other employee benefits | $60,170 |
| Payroll taxes | $28,007 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,033 |
| Fees for services: Accounting | $8,473 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $99,834 |
| Advertising and promotion | $3,417 |
| Office expenses | $24,912 |
| Information technology | $2,118 |
| Royalties | $0 |
| Occupancy | $35,068 |
| Travel | $33,261 |
| 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 | $42,535 |
| Insurance | $0 |
| All other expenses | $24,330 |
| Total functional expenses | $1,611,014 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $333,570 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $6,990 |
| 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 | $7,909 |
| Net Land, buildings, and equipment | $432,693 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $162,452 |
| Total assets | $943,614 |
| Accounts payable and accrued expenses | $17,108 |
| 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 | $815,431 |
| Total liabilities | $832,539 |
| Net assets without donor restrictions | $70,316 |
| Net assets with donor restrictions | $40,759 |
| 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 | $943,614 |