Andrew Gomez Dream Foundation
- Assets
- $759.2k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Sandy, UT
- Founding
- 07/2007
- Data as of
- 12/2021
- EIN
- 54-2125128
Organization Overview
Andrew Gomez Dream Foundation is located in Sandy, UT. The organization was established in 2007. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Andrew Gomez Dream Foundation 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, Andrew Gomez Dream Foundation generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Andrew Gomez Dream Foundation has awarded 81 individual grants totaling $4,058,734. 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
AGDF PROVIDES EDUCATIONAL OPPORTUNITIES & FINANCIAL ASSISTANCE TO STUDENTS & COSMETOLOGISTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATING GRANTS - THE FOUNDATION CO-FUNDRAISES WITH OTHER CHARITIES AND PROVIDES OPERATING GRANTS TO CHARITIES THAT SUPPORT COSMETOLOGISTS AND RELATED INTERESTS.
FINANCIAL ASSISTANCE - THE FOUNDATION PROVIDES EDUCATIONAL OPPORTUNITIES AND FINANCIAL ASSISTANCE TO PRE- AND POST-GRADUATE STUDENTS IN THE COSMETOLOGY FIELD WHO ARE SOCIALLY OR ECONOMICALLY DISADVANTAGED. THE FOUNDATION ALSO SUPPORTS COSMETOLOGISTS AND COSMETOLOGY-RELATED ENTERPRISES FACING HARDSHIP
GUEST SPEAKERS - THE FOUNDATION AWARDS FUNDING TO VARIOUS SCHOOLS TO ORGANIZE GUEST SPEAKER/DEMONSTRATOR EVENTS OPEN TO THE PUBLIC THAT ENHANCE THE EDUCATION OF STUDENTS AND PROMOTES THE COSMETOLOGY FIELD. THE SCHOOLS MUST SUBMIT REQUESTS FOR REIMBURSEMENT AND DEMONSTRATE THAT THE EVENT WAS OPEN TO THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Claybaugh Treasurer & CFO | OfficerTrustee | 4 | $0 |
Tina Black Vice President | OfficerTrustee | 4 | $0 |
Sharon Riser Secretary | OfficerTrustee | 0.5 | $0 |
Winn Claybaugh President & CEO | OfficerTrustee | 4 | $0 |
Brennan Claybaugh Director | Trustee | 0.5 | $0 |
Seth Maxwell Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,249,714 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,249,714 |
| Total Program Service Revenue | $0 |
| Investment income | $623 |
| 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 | $1,250,337 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $790,999 |
| Grants and other assistance to domestic individuals. | $160,681 |
| Grants and other assistance to Foreign Orgs/Individuals | $80,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,478 |
| Advertising and promotion | $0 |
| Office expenses | $765 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $1,451 |
| All other expenses | $0 |
| Total functional expenses | $1,078,727 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $759,196 |
| 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 | $0 |
| Total assets | $759,196 |
| Accounts payable and accrued expenses | $10,722 |
| Grants payable | $82,804 |
| 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 | $93,526 |
| Net assets without donor restrictions | $665,670 |
| 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 | $759,196 |
Grants Awarded
Over the last fiscal year, Andrew Gomez Dream Foundation has awarded $593,443 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Scottsdale, AZ PURPOSE: FUNDRAISING PARTNER | $85,000 |
Beverly Hills, CA PURPOSE: FUNDRAISING PARTNER | $78,719 |
Los Angeles, CA PURPOSE: FUNDRAISING PARTNER | $74,912 |
Kanab, UT PURPOSE: FUNDRAISING PARTNER | $73,131 |
Salt Lake City, UT PURPOSE: FUNDRAISING PARTNER | $73,007 |
Wakefield, MA PURPOSE: FUNDRAISING PARTNER | $67,568 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Andrew Gomez Dream Foundation has recieved totaling $115,000.
| Awarding Organization | Amount |
|---|---|
Jps Peace Love & Happiness Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $115,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
The Rogers Foundation Las Vegas, NV | $98,020,626 | $8,861,096 |
Flinn Foundation Phoenix, AZ | $285,130,665 | $13,331,134 |
American Indian Graduate Center Inc Albuquerque, NM | $28,393,677 | $10,605,933 |
Brophy Community Foundation Phoenix, AZ | $21,931,888 | $12,402,402 |
J F Maddox Foundation Hobbs, NM | $240,372,497 | $15,567,055 |
Indigenous Education Inc Albuquerque, NM | $3,738,546 | $7,442,761 |
Arizona Private Education Scholarship Fund Inc Scottsdale, AZ | $4,340,429 | $7,500,005 |
Western Union Foundation Inc Denver, CO | $4,087,172 | $7,099,166 |
Davis Education Foundation Farmington, UT | $5,085,973 | $8,327,640 |
School Choice Arizona Inc Chandler, AZ | $10,615,298 | $8,926,972 |
New Mexico Student Loan Guarantee Corporation Albuquerque, NM | $15,866,075 | $3,044,592 |