Dreaam Opportunity Center
- Assets
- $1.1m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 154
- Location
- Champaign, IL
- Founding
- 06/2017
- Data as of
- 06/2023
- EIN
- 46-1643964
Organization Overview
Dreaam Opportunity Center is located in Champaign, IL. The organization was established in 2017. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 06/2023, Dreaam Opportunity Center employed 154 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dreaam Opportunity 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, Dreaam Opportunity Center generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 43.5% each year . All expenses for the organization totaled $2.8m during the year ending 06/2023. While expenses have increased by 45.5% per year over the past 5 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
SUPPORT BOYS AND YOUNG MEN BY PROVIDING TRANSFORMATIVE EXPERIENCES TO REDUCE THE ACHIEVEMENT AND OPPORTUNITY GAPS AMOUNG BOYS AND YOUNG MEN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT BOYS AND YOUNG MEN BY PROVIDING TRANSFORMATIVE EXPERIENCES TO REDUCE THE ACHIEVEMENT AND OPPORTUNITY GAPS AMOUNG BOYS AND YOUNG MEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William P Matthews Jr President | OfficerTrustee | 2 | $0 |
Deloris Henry Vice President | OfficerTrustee | 2 | $0 |
Joe Bradley Treasurer | OfficerTrustee | 2 | $0 |
Lara Hebert Secretary | OfficerTrustee | 2 | $0 |
Alfred Green Director | Trustee | 1 | $0 |
Azark Cobb Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,314,475 |
| All other contributions, gifts, grants, and similar amounts not included above | $520,491 |
| Noncash contributions included in lines 1a–1f | $2,394 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,834,966 |
| Total Program Service Revenue | $0 |
| Investment income | $993 |
| 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 | $2,839,171 |
| 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. | $107,245 |
| Compensation of current officers, directors, key employees. | $26,811 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,190,159 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,756 |
| Payroll taxes | $123,139 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,078 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $182,813 |
| Advertising and promotion | $13,108 |
| Office expenses | $59,879 |
| Information technology | $12,650 |
| Royalties | $0 |
| Occupancy | $69,529 |
| Travel | $250,247 |
| 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 | $4,054 |
| Insurance | $17,904 |
| All other expenses | $23,562 |
| Total functional expenses | $2,757,019 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $532,938 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $499,483 |
| 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 | $4,359 |
| Net Land, buildings, and equipment | $38,981 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $35,187 |
| Total assets | $1,110,948 |
| Accounts payable and accrued expenses | $145,914 |
| Grants payable | $0 |
| Deferred revenue | $9,355 |
| 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 | $35,187 |
| Total liabilities | $190,456 |
| Net assets without donor restrictions | $920,492 |
| 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 | $1,110,948 |