Dreams With Wings Inc
- Assets
- $3.6m
- Revenue
- $4.5m
- Investments
- $42.2k
- Employees
- 163
- Location
- Louisville, KY
- Founding
- 12/2000
- Data as of
- 06/2021
- EIN
- 61-1371540
Organization Overview
Dreams With Wings Inc is located in Louisville, KY. The organization was established in 2000. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 06/2021, Dreams With Wings Inc employed 163 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dreams With Wings 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 06/2021, Dreams With Wings Inc generated $4.5m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $4.3m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPOWER INDIVIDUALS WITH INTELLECTUAL DISABILITIES, DEVELOPMENTAL DISABILITIES, AND AUTISM AS THEY RECOGNIZE THEIR STRENGTHS, CONTRIBUTE TO THEIR COMMUNITY AND PURSUE THEIR DREAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED HOUSING AND COMMUNITY SUPPORT SERVICES TO INDIVIDUALS WITH INTELLECTUAL DISABILITIES, DEVELOPMENTAL DISABILITIES AND AUTISM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jenifer Frommeyer Executive Director | Officer | 40 | $77,932 |
Joe Ammerman Vice President | OfficerTrustee | 1 | $0 |
Debby Sexton Treasurer | OfficerTrustee | 1 | $0 |
Donna Schneiter President | OfficerTrustee | 1 | $0 |
Sean Downing Secretary | OfficerTrustee | 1 | $0 |
David Harris Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $22,302 |
| Related organizations | $0 |
| Government grants | $109,087 |
| All other contributions, gifts, grants, and similar amounts not included above | $475,064 |
| Noncash contributions included in lines 1a–1f | $75,996 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $606,453 |
| Total Program Service Revenue | $3,519,485 |
| Investment income | $303 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $500 |
| Net Income from Fundraising Events | -$4,264 |
| Net Income from Gaming Activities | $319,187 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,468,613 |
| 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. | $83,923 |
| Compensation of current officers, directors, key employees. | $54,550 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,320,427 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $175,507 |
| Payroll taxes | $180,658 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,111 |
| Fees for services: Accounting | $73,295 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $92,876 |
| Advertising and promotion | $1,425 |
| Office expenses | $180,687 |
| Information technology | $9,275 |
| Royalties | $0 |
| Occupancy | $181,919 |
| Travel | $14,709 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,127 |
| Interest | $31,361 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $103,783 |
| Insurance | $100,936 |
| All other expenses | $36,614 |
| Total functional expenses | $4,276,712 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,404,811 |
| Savings and temporary cash investments | $15,851 |
| Pledges and grants receivable | $46,860 |
| Accounts receivable, net | $229,457 |
| 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 | $33,603 |
| Net Land, buildings, and equipment | $1,828,686 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $42,208 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $364 |
| Total assets | $3,601,840 |
| Accounts payable and accrued expenses | $310,948 |
| 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 | $366,507 |
| Unsecured mortgages and notes payable | $1,096,925 |
| Other liabilities | $21 |
| Total liabilities | $1,774,401 |
| Net assets without donor restrictions | $1,801,544 |
| Net assets with donor restrictions | $25,895 |
| 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 | $3,601,840 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Dreams With Wings Inc has recieved totaling $21,853.
| Awarding Organization | Amount |
|---|---|
Feat Of Louisville Inc Louisville, KY PURPOSE: FINANCIAL SUPPORT FO | $17,043 |
Kings Daughters And Sons Foundation Of Kentucky Inc Georgetown, KY PURPOSE: REMODEL ONE RESIDENTIAL HOME. | $4,810 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sunny Hill Inc Fenton, MO | $11,297,687 | $21,265,686 |
Anne Grady Corporation Holland, OH | $27,020,772 | $20,724,651 |
Ramey-Estep Homes Inc Rush, KY | $15,258,585 | $16,553,810 |
Toward Independence Inc Xenia, OH | $16,072,501 | $19,513,652 |
Gentlebrook Inc Hartville, OH | $17,167,433 | $16,925,773 |
St Joseph Infant & Maternity Home Cincinnati, OH | $52,343,435 | $15,266,640 |
Holston United Methodist Home For Children Inc Greeneville, TN | $27,641,839 | $16,110,226 |
Childrens Home Of Northern Kentucky Inc Covington, KY | $17,993,059 | $13,499,254 |
Christian Childrens Home Of Ohio Wooster, OH | $9,192,429 | $14,011,752 |
Mur-Ci Homes Inc Antioch, TN | $9,901,370 | $14,568,313 |
Evangelical Childrens Home St Louis, MO | $35,970,155 | $15,187,962 |
Wood Lane Residential Services Bowling Green, OH | $5,610,920 | $12,204,254 |