Kalamazoo Dream Center
- Assets
- $41.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Kalamazoo, MI
- Founding
- 12/2007
- Data as of
- 06/2023
- EIN
- 35-2310996
Organization Overview
Kalamazoo Dream Center is located in Kalamazoo, MI. The organization was established in 2007. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kalamazoo 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 06/2023, Kalamazoo Dream Center generated $48.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $53.2k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (7.9%) per year over the past 8 years. 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
2023
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION RECIEVES USED CLOTHING, HOUSEHOLD GOOD AND FOOD PANTRY ITEMS TO DISTRIBUTE TO DISADVANTAGED INDIVIDUALS IN THE KALAMAZOO MI AREA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Martinson Treasurer | 4 | $0 | |
Carrie Moore Secretary | 8 | $0 | |
Bonnie Hudson Director | 32 | $0 | |
Timothy Stecker Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,263 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $787 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $1,008 |
| Other Revenue | $0 |
| Total Revenue | $48,058 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $2,500 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $36,181 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $14,469 |
| Total expenses | $53,150 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $24,447 |
| Other assets | $0 |
| Total assets | $41,379 |
| Total liabilities | $0 |
| Net assets or fund balances | $41,379 |