Dream Center Foundation A California Non Profit Corporation
- Assets
- $52.3m
- Revenue
- $26.7m
- Investments
- $0.0
- Employees
- 22
- Location
- Los Angeles, CA
- Founding
- 10/2010
- Data as of
- 06/2023
- EIN
- 41-2269686
Organization Overview
Dream Center Foundation A California Non Profit Corporation is located in Los Angeles, CA. The organization was established in 2010. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. As of 06/2023, Dream Center Foundation A California Non Profit Corporation employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dream Center Foundation A California Non Profit Corporation 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, Dream Center Foundation A California Non Profit Corporation generated $26.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $26.6m during the year ending 06/2023. While expenses have increased by 13.3% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
DREAM CENTER FOUNDATION PARTNERS WITH COMMUNITY CENTERED ORGANIZATIONS TO PROVIDE HOUSING, CLOTHING, FOOD, MEDICAL CARE, TRAINIG AND EDUCATION TO THE CHRONICALLY UNDERSERVED INDIVIDUALS AND COMMUNITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS ARE MADE TO THE DREAM CENTER AND OTHER NON-PROFIT ORGANIZATIONS THAT COLLABORATE WITH THE DREAM CENTER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joy Enriques Director | Trustee | 1 | $0 |
Rodney Jenkins Director | Trustee | 1 | $0 |
Mike Rogers Direcrtor | Trustee | 8 | $0 |
David Oddo Treasurer | Trustee | 5 | $0 |
Charles Nieman Director | Trustee | 8 | $0 |
Sandra Carey Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
One City Assist Online And | 12/30/15 | $200,698 |
Gateway Communications Printing And Campa | 12/30/15 | $161,622 |
Plainjoe Studios Design Media | 12/30/15 | $128,961 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,556,999 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,279,259 |
| Noncash contributions included in lines 1a–1f | $13,978,617 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,836,258 |
| Total Program Service Revenue | $0 |
| Investment income | $878,098 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,714,356 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,975,423 |
| 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 | $1,426,931 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $101,596 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $181,368 |
| Fees for services: Accounting | $30,778 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $177,465 |
| Advertising and promotion | $16,130 |
| Office expenses | $13,181 |
| Information technology | $6,673 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $386,251 |
| 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 | $22,636 |
| All other expenses | $0 |
| Total functional expenses | $26,572,611 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $134,773 |
| Savings and temporary cash investments | $1,285 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $130,571 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $52,001,669 |
| 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 | $52,268,298 |
| Accounts payable and accrued expenses | $203,943 |
| 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 | $16,976,329 |
| Total liabilities | $17,180,272 |
| Net assets without donor restrictions | $35,088,026 |
| 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 | $52,268,298 |
Grants Awarded
Over the last fiscal year, Dream Center Foundation A California Non Profit Corporation has awarded $0 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DREAM CENTER IN KIND DISTRIBUTIONS | | | $0 |
DREAM CENTER MINISTRY DISTRIBUTIONS | | | $0 |