Dreams For Kids
- Assets
- $8.0m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 19
- Location
- Chicago, IL
- Founding
- 02/2012
- Data as of
- 06/2022
- EIN
- 45-2406296
Organization Overview
Dreams For Kids is located in Chicago, IL. The organization was established in 2012. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2022, Dreams For Kids employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dreams For Kids 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, Dreams For Kids generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 40.5% each year . All expenses for the organization totaled $1.6m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EVERY CHILD DESERVES THE OPPORTUNITY TO REALIZE THEIR FULL POTENTIAL. DREAMS FOR KIDS & GCE LAB SCHOOL SUPPORT EXPERIMENTAL, PROJECT-BASED LEARNING AS THE SOLUTION TO AMPLIFYING STUDENT ACHIEVEMENT & PREPARING AN INCLUSIVE, FUTURE-READY WORKFORCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GCE LAB SCHOOL: PROVIDES AN IMMERSIVE 4 YEAR HIGH SCHOOL PROGRAM BASED ON EXPERIMENTAL, PROJECT-BASED LEARNING. STUDENT BODY IS INTENTIONALLY DESIGNED TO MIRROR CHICAGO'S SOCIOECONOMIC AND CULTURAL DIVERSITY, WITH PAY-WHAT-YOU-CAN-AFFORD TUITION STRUCTURE. 84% RECEIVE TUITION SUPPORT AND 100% OF GRADUATES BELIEVE THEY WILL MAKE A DIFFERENCE IN OUR WORLD. ENROLLMENT IS 70 GOING TO 170 OVER THE NEXT 5 YEARS. 86% OF GCE GRADUATES RECEIVE A COLLEGE DEGREE VERSUS 27% OF CPS HIGH SCHOOL GRADUATES, PROVING THAT ZIP CODE SHOULD NOT DETERMINE ONE'S SUCCESS.
DREAMS FOR KIDS: SUPPORTS FREE AND REDUCED-RATE EXPERIMENTAL, PROJECT-BASED TEACHER TRAININGS, STUDENT WORKSHOPS, AND COMMUNITY EVENTS TO INCREASE STUDENT ACHIEVEMENT IN UNDER-RESOURCED COMMUNITIES. COMMUNITY PARTNERS INSPIRE STUDENT ENGAGEMENT AND PROVIDE EXPOSURE TO CAREER PATHWAYS. TRAINED 29 EDUCATORS ACROSS 4 COUNTRIES, IMPACTING 900+ STUDENTS. HOSTED FREE FINANCIAL LITERACY SUMMER WORKSHOPS FOR 100 STUDENTS. DISTRIBUTED INTERNATIONALLY, FOR FREE, A SERIES OF 3 STEM COURSES ON "IMAGINING A SUSTAINABLE FUTUREX AND HOSTED RELATED WORKSHOPS AT THE VENICE ARCHITECTURE BIENNALE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cabell H King Principal | 45 | $100,250 | |
Bill Kingore Director | Trustee | 1 | $0 |
Jeff Johnson Director | Trustee | 1 | $0 |
Andrew Davis Thru 921 Treasurer | OfficerTrustee | 1 | $0 |
Diane Dahl Director | Trustee | 1 | $0 |
Art Andros Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $341,283 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,984,554 |
| Noncash contributions included in lines 1a–1f | $100,094 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,325,837 |
| Total Program Service Revenue | $550,934 |
| Investment income | $4,101 |
| 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 | $3,880,872 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $968,143 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $87,204 |
| Payroll taxes | $70,791 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,483 |
| Fees for services: Accounting | $778 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $94,789 |
| Office expenses | $6,258 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $131,592 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $93,472 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $47,658 |
| Insurance | $15,474 |
| All other expenses | $911 |
| Total functional expenses | $1,645,122 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $369,889 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,341,255 |
| Accounts receivable, net | $455,069 |
| Loans from Officers, Directors, or Controlling Persons | $75,755 |
| 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 | $5,784,359 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,022 |
| Total assets | $8,029,349 |
| Accounts payable and accrued expenses | $235,727 |
| Grants payable | $0 |
| Deferred revenue | $521,445 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $785,000 |
| Secured mortgages and notes payable | $2,158,395 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $52,679 |
| Total liabilities | $3,753,246 |
| Net assets without donor restrictions | $2,841,353 |
| Net assets with donor restrictions | $1,434,750 |
| 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 | $8,029,349 |