Durham Dreams Youth Mentorship Foundation
- Assets
- $87.5k
- Revenue
- $765.4k
- Investments
- $0.0
- Employees
- 68
- Location
- Durham, NC
- Founding
- 01/1993
- Data as of
- 06/2024
- EIN
- 56-1791366
Organization Overview
Durham Dreams Youth Mentorship Foundation is located in Durham, NC. The organization was established in 1993. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2024, Durham Dreams Youth Mentorship Foundation employed 68 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Durham Dreams Youth Mentorship 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 06/2024, Durham Dreams Youth Mentorship Foundation generated $765.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $886.2k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 9 years. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE OUTCOMES FOR STUDENTS IN THE DURHAM COMMUNITY BY PROVIDING PROGRAMS FOCUSED ON ACADEMIC SUCCESS, SOCIAL-EMOTIONAL WELL BEING, AND LEADERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO IMPROVE OUTCOMES FOR STUDENTS IN THE DURHAM COMMUNITY BY PROVIDING PROGRAMS FOCUSED ON ACADEMIC SUCCESS, SOCIAL-EMOTIONAL WELL BEING, AND LEADERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Han Grohs Board Member | Trustee | 1 | $0 |
Ana Phakin Board Member | Trustee | 1 | $0 |
Clara Muschkin Board Member | Trustee | 1 | $0 |
Julie Edmunds Board Member | Trustee | 1 | $0 |
Dietrich Danner Vice Chair | OfficerTrustee | 1 | $0 |
Helen Ladd Board Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $728,870 |
| All other contributions, gifts, grants, and similar amounts not included above | $36,568 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $765,438 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $765,438 |
| 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. | $26,250 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $524,916 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $47,633 |
| Payroll taxes | $41,549 |
| Fees for services: Management | $50,973 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $77,225 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $5,460 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,280 |
| Advertising and promotion | $2,070 |
| Office expenses | $8,944 |
| Information technology | $1,513 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,753 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,739 |
| Interest | $8,358 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,374 |
| All other expenses | $13,911 |
| Total functional expenses | $886,160 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,617 |
| Savings and temporary cash investments | $67 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $50,000 |
| 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 | $1,732 |
| Net Land, buildings, and equipment | $2,058 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $87,474 |
| Accounts payable and accrued expenses | $148,097 |
| 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 | $98,770 |
| Total liabilities | $246,867 |
| Net assets without donor restrictions | -$159,393 |
| 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 | $87,474 |