Dreamchasers
- Assets
- $172.0k
- Revenue
- $578.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Clarksville, TN
- Founding
- 09/2015
- Data as of
- 12/2021
- EIN
- 47-4939937
Organization Overview
Dreamchasers is located in Clarksville, TN. The organization was established in 2015. According to its NTEE Classification (O12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Youth Development and related organizations. As of 12/2021, Dreamchasers employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dreamchasers 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, Dreamchasers generated $578.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 50.3% each year . All expenses for the organization totaled $553.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Dreamchasers has awarded 64 individual grants totaling $603,018. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE GRANTS AND SCHOLARSHIPS FOR EDUCATION, EXTRACURRICULAR ACTIVITES, SPORTS, HEALTH, MEDICAL, ARTS, SCIENCES, RELIGION AND OTHER NONPROFIT ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE GRANTS AND SCHOLARSHIPS FOR CHARITABLE AND EDUCATIONAL PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Isabelle Lorenzo Vice President | Officer | 40 | $57,137 |
Brittany Benson Secretary | Officer | 40 | $57,137 |
Miller Boisseau Director | Trustee | 0 | $6,641 |
Gareth Mcdonald President | Officer | 0 | $0 |
Lori Geist Treasurer | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $35,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,900 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $542,317 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $578,217 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $388,591 |
| 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. | $120,915 |
| Compensation of current officers, directors, key employees. | $91,420 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,250 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,525 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $553,412 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $170,392 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,625 |
| Total assets | $172,017 |
| 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 | $172,017 |
| 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 | $172,017 |
Grants Awarded
Over the last fiscal year, Dreamchasers has awarded $261,800 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
DANCE WORKS | | | $30,350 |
SPOTLITE DANCE STUDIO | | | $25,900 |
UNIVERSITY OF TN KNOXVILLE | | | $21,050 |
PENSACOLA CHRISTIAN COLLEGE | | | $17,450 |
Clarksville, TN | | $14,300 |
DC DANCE FACTORY | | | $10,450 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Dreamchasers has recieved totaling $679.
| Awarding Organization | Amount |
|---|---|
Second Star Foundation Mattituck, NY PURPOSE: DONATION TO CHARITABLE ORGANIZATION | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $179 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Optimist International Youth Programs Foundation Inc Saint Louis, MO | $286,675 | $1,174,603 |
The Jesse Helms Center Foundation Wingate, NC | $10,139,785 | $832,538 |
Congressional Sports For Charity Alexandria, VA | $777,505 | $905,404 |
Gnf Clarksville, TN | $246,958 | $954,659 |
Childrens Fund Foundation Inc Ashland, AL | $842,126 | $1,386,131 |
Dreams Fore Kids Inc Greensboro, NC | $52,918 | $671,050 |
Youth Life Foundation Of Richmond Richmond, VA | $331,898 | $775,489 |
Dreamchasers Clarksville, TN | $172,017 | $578,217 |
M4k Lynchburg Inc Lynchburg, VA | $46,148 | $496,402 |
Atlanta Charity Clays Inc Atlanta, GA | $645,655 | $485,330 |
3e Funding Inc Clarksville, TN | $268,851 | $536,563 |
Van Noy Valor Foundation Inc Florence, KY | $112,217 | $345,441 |