Raleigh Dream Center
- Assets
- $835.6k
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 18
- Location
- Raleigh, NC
- Founding
- 03/2016
- Data as of
- 12/2021
- EIN
- 47-2509570
Organization Overview
Raleigh Dream Center is located in Raleigh, NC. The organization was established in 2016. 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 12/2021, Raleigh Dream Center employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Raleigh 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 12/2021, Raleigh Dream Center generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 68.0% each year . All expenses for the organization totaled $2.2m during the year ending 12/2021. While expenses have increased by 67.4% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BRING HOPE AND RESTORATION THROUGH THE MESSAGE OF THE GOSPEL TO PEOPLE IN THE TRIANGLE AREA BY PROVIDING SOCIAL SERVICES AND COMMUNITY PROGRAMS TO UNDER-PRIVILEGED COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADOPT-A-BLOCK - RDC SERVED IN 9 COMMUNITIES WITH ITS SATURDAY ADOPT-A-BLOCK PROGRAM ASSISTING WITH FOOD, PRAYER AND OTHER NEEDS IN UNDER-RESOURCED COMMUNITIES. IN ADDITION OVER 2,500 WRAPPED CHRISTMAS GIFTS AND 1,000 BACKPACKS WERE GIVEN TO CHILDREN AT ANNUAL EVENTS.
MOBILE FOOD PANTRY - RDC CONTRACTED WITH WAKE COUNTY HUMAN SERVICES TO CONTINUE PROVIDING DAILY FOOD SUPPORT REACHING 57 LOCAL COMMUNITIES. THIS WAS A JOINT EFFORT WITH THE WAKE COUNTY FOOD INSECURITY TEAM WHICH RESULTED IN 1,348,744 POUNDS OF FOOD DISTRIBUTED.
DREAM CENTER DISCIPLESHIP PROGRAM - RDC OPENED A RECOVERY HOUSE FOR MEN IN 2021. THIS IS A FREE ONE-YEAR PROGRAM THAT PROVIDES HOUSING, FOOD, COUNSELING, AND PROGRAMMING TO HELP PEOPLE WALK IN SOBRIETY AND BEGIN TO PUT THE PIECES OF THEIR LIVES BACK TOGETHER. WE ARE ABLE TO HOUSE 5 MEN IN THIS PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeremy Porras Executive Director | Trustee | 40 | $56,500 |
Nick Murphy Board Treasurer | OfficerTrustee | 7 | $0 |
Jeanette Stephenson Board Secretary | OfficerTrustee | 7 | $0 |
Kerry Rouser Board Chair | OfficerTrustee | 7 | $0 |
Jim Shelton Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,887,288 |
| All other contributions, gifts, grants, and similar amounts not included above | $626,849 |
| Noncash contributions included in lines 1a–1f | $1,331,612 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,514,137 |
| Total Program Service Revenue | $0 |
| Investment income | $38 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,891 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $136 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,520,331 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,512,455 |
| 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 | $279,167 |
| Pension plan accruals and contributions | $8,638 |
| Other employee benefits | $34,365 |
| Payroll taxes | $22,333 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,053 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,394 |
| Office expenses | $15,607 |
| Information technology | $30,364 |
| Royalties | $0 |
| Occupancy | $64,389 |
| Travel | $52,983 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,063 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,662 |
| Insurance | $10,198 |
| All other expenses | $0 |
| Total functional expenses | $2,175,398 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $158,627 |
| Savings and temporary cash investments | $400,334 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $171,142 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $105,449 |
| Total assets | $835,552 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $819,921 |
| Net assets with donor restrictions | $15,631 |
| 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 | $835,552 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Raleigh Dream Center has recieved totaling $158,741.
| Awarding Organization | Amount |
|---|---|
Food Bank Of Central & Eastern North Carolina Inc Raleigh, NC PURPOSE: FIGHT HUNGER | $72,947 |
The Franklin Lewis Robuck Family Foundation Inc Raleigh, NC PURPOSE: CHARITABLE | $40,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $18,500 |
Captrust Community Foundation Inc Raleigh, NC PURPOSE: TO PROVIDE FUNDS TO SUPPORT THE ORGANIZATION | $12,000 |
Crossroads Fellowship Foundation Raleigh, NC PURPOSE: CHARITABLE | $10,000 |
Bonner Family Private Foundation Inc Lexington, SC PURPOSE: GENERAL USE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Economic Improvement Council Inc Edenton, NC | $4,246,156 | $20,948,013 |
Frontstream Global Fund Alexandria, VA | $871,140 | $19,414,740 |
Catholic Charities Of Tennessee Inc Nashville, TN | $6,708,389 | $19,282,106 |
Country Club Of Landfall Wilmington, NC | $36,040,032 | $19,318,350 |
Miracle Hill Ministries Inc Greenville, SC | $35,712,614 | $22,314,976 |
Pee Dee Community Action Agency Florence, SC | $4,501,947 | $18,161,366 |
Commonwealth Catholic Charities Richmond, VA | $9,806,748 | $17,802,660 |
Action Pathways Inc Fayetteville, NC | $19,024,818 | $19,740,388 |
Southeast Tennessee Human Resource Agency Dunlap, TN | $24,351,699 | $17,068,562 |
Western Carolina Community Action Inc Hendersonville, NC | $8,009,014 | $16,309,816 |
Highland School Inc Warrenton, VA | $41,730,791 | $16,433,775 |
Mid-Cumberland Community Action Agency Inc Mount Juliet, TN | $5,482,077 | $16,120,135 |