Delaware Dreams Inc
- Assets
- $626.1k
- Revenue
- $83.0k
- Investments
- $452.6k
- Employees
- 0
- Location
- Hockessin, DE
- Founding
- 03/1988
- Data as of
- 12/2021
- EIN
- 51-0301470
Organization Overview
Delaware Dreams Inc is located in Hockessin, DE. The organization was established in 1988. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delaware Dreams Inc 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, Delaware Dreams Inc generated $83.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $27.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
DELAWARE DREAMS, EXTENDS SUPPORT TO DELAWARE CHILDREN WITH SERIOUS HEALTH CHALLENGES BY WORKING WITH LOCAL HOSPITALS AND OTHER CHILDREN'S ORGANIZATIONS.
DELAWARE DREAMS, INC. PARTNERS WITH THE NEMOURS/A I DUPONT HOSPITAL FOR CHILDREN TO HOST AN ANNUAL PICNIC AND HOLIDAY PARTY FOR THOSE FAMILIES IN TREATMENT FOR CHILDHOOD CANCER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Baroski Pres & Sec | 20 | $10,200 | |
Joseph Facciolo Director | 5 | $0 | |
Elizabeth Baroski Director | 5 | $0 | |
Matthew P D'emilio Vice President | 20 | $0 | |
Terry Mason Treasurer | 5 | $0 | |
Michael Baroski Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,050 |
| Interest on Savings | $79 |
| Dividends & Interest | $17,238 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $63,627 |
| Capital Gain Net Income | $63,627 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $82,994 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,200 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,294 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,804 |
| Total operating and administrative expenses | $21,083 |
| Contributions, gifts, grants paid | $6,337 |
| Total expenses and disbursements | $27,420 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,056 |
| Savings and temporary cash investments | $166,459 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $452,576 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $626,091 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Delaware Dreams Inc has awarded $6,337 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
NORTH CAROLINA A&T STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $2,250 |
EXCEPTIONAL CARE FOR CHILDREN PURPOSE: DONATION | $1,487 |
NEMOURS FUND FOR CHILDREN'S HEALTH PURPOSE: DONATION | $800 |
Hampton, VA PURPOSE: SCHOLARSHIP | $750 |
DOWN SYNDROME ASSOCIATION OF DELAWARE PURPOSE: DONATION | $550 |
THE KAYLYN ELAINE WARREN FOUNDATION PURPOSE: DONATION | $500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Delaware Dreams Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Anthony And Catherine Fusco Foundation New Castle, DE PURPOSE: TO EXTEND SUPPORT FOR DELAWARE CHILDREN WITH SERIOUS HEALTH CHALLENGES | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation Of Frederick County Maryland Incorporated Frederick, MD | $137,281,850 | $16,443,346 |
Community Foundation Of Western Pennsylvania And Eastern Ohio Sharon, PA | $123,167,161 | $16,344,885 |
York County Community Foundation York, PA | $208,424,639 | $17,313,520 |
Community Foundation Of The Eastern Shore Inc Salisbury, MD | $144,509,312 | $16,050,496 |
Chester County Community Foundation Inc West Chester, PA | $86,163,241 | $21,195,715 |
Mid-Shore Community Foundation Inc Easton, MD | $125,001,314 | $15,563,573 |
Lehigh Valley Community Foundation Allentown, PA | $80,747,413 | $16,923,036 |
Rossin Foundation Pittsburgh, PA | $44,448,122 | $6,161,535 |
First Community Foundation Partnership Of Pennsylvania Williamsport, PA | $133,727,811 | $24,687,801 |
Youngstown Foundation Pittsburgh, PA | $152,598,789 | $13,572,418 |
Scranton Area Foundation Inc Scranton, PA | $60,897,206 | $12,395,433 |
Twin Rivers Community Trust East Windsor, NJ | $6,267,499 | $5,752,455 |