Dream Factory Inc
- Assets
- $4.7m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 02/1991
- Data as of
- 08/2022
- EIN
- 61-1220742
Organization Overview
Dream Factory Inc is located in Louisville, KY. The organization was established in 1991. According to its NTEE Classification (E86) the organization is classified as: Patient & Family Support, under the broad grouping of Health Care and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Dream Factory 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 08/2022, Dream Factory Inc generated $3.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $2.6m during the year ending 08/2022. While expenses have increased by 0.8% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
GRANTING OF DREAMS TO CRITICALLY AND/OR CHRONICALLY ILL CHILDREN
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTING OF DREAMS TO CRITICALLY OR CHRONICALLY ILL CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Virginia Avery National President | OfficerTrustee | 3.6 | $0 |
Tim Bach National Vice President | OfficerTrustee | 3.6 | $0 |
Laura Walitsky National Secretary | OfficerTrustee | 3.6 | $0 |
William O'bryan National Treasurer | OfficerTrustee | 3.6 | $0 |
Michael Mckenzie National Director/ceo | Officer | 5 | $0 |
Angela Uxa Chapter Representative | Trustee | 3.6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,631,706 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,940,600 |
| Noncash contributions included in lines 1a–1f | $1,117,197 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,572,306 |
| Total Program Service Revenue | $0 |
| Investment income | $19,773 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $42,226 |
| Net Income from Fundraising Events | -$661,225 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,973,080 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,153,560 |
| 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 | $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 | $29,718 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,710 |
| Advertising and promotion | $8,961 |
| Office expenses | $14,234 |
| Information technology | $612 |
| Royalties | $0 |
| Occupancy | $28,461 |
| Travel | $100 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $38,464 |
| Interest | $0 |
| Payments to affiliates | $191,238 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $17,718 |
| All other expenses | $0 |
| Total functional expenses | $2,573,761 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,406,329 |
| Savings and temporary cash investments | $2,052,140 |
| 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 | $18,628 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,222,904 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,700,001 |
| Accounts payable and accrued expenses | $47,548 |
| 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 | $47,548 |
| Net assets without donor restrictions | $4,574,493 |
| Net assets with donor restrictions | $77,960 |
| 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 | $4,700,001 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Dream Factory Inc has recieved totaling $26,262.
| Awarding Organization | Amount |
|---|---|
Brian M Anselmo Memorial Foundation Kansas City, MO PURPOSE: GENERAL SUPPORT | $15,495 |
Give Lively Foundation Inc New York, NY PURPOSE: GENERAL SUPPORT | $5,487 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $5,280 |
Endowment Analysis
| Beg. Balance | $74,794 |
| Earnings | $74 |
| Ending Balance | $74,868 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Make-A-Wish Foundation Of Ohio Kentucky And Indiana Inc Columbus, OH | $15,872,839 | $13,599,516 |
Make-A-Wish Foundation Of Illinois Inc Chicago, IL | $20,840,047 | $12,285,736 |
Ronald Mcdonald House Charities Of Northeast Ohio Inc Cleveland, OH | $36,230,740 | $6,843,245 |
Ronald Mcdonald House Charities Of Kansas City Inc Kansas City, MO | $27,398,591 | $8,017,708 |
Ronald Mcdonald House Charities Inc Youngstown, OH | $0 | $1,738,198 |
Ronald Mcdonald House Charities Of St Louis St Louis, MO | $27,629,828 | $13,443,191 |
Ronald Mcdonald House Charities Of Greater Washington Dc Inc Falls Church, VA | $23,518,081 | $3,394,943 |
Ronald Mcdonald House Charities Of Central Ohio Inc Columbus, OH | $58,634,339 | $11,417,646 |
Donate Life Foundation St Louis, MO | $91,166,594 | $6,901,700 |
Project Camp Inc Scottsville, KY | $18,355,939 | $3,774,764 |
Ronald Mcdonald House Charities Of Kentuckiana Inc Louisville, KY | $27,153,177 | $3,859,145 |
Hospital Hospitality House Of Richmond Inc Richmond, VA | $19,495,218 | $3,888,827 |