Foundation For Dreams Inc
- Assets
- $2.0m
- Revenue
- $763.3k
- Investments
- $0.0
- Employees
- 82
- Location
- Bradenton, FL
- Founding
- 12/1996
- Data as of
- 09/2023
- EIN
- 65-0704986
Organization Overview
Foundation For Dreams Inc is located in Bradenton, FL. The organization was established in 1996. According to its NTEE Classification (G30) the organization is classified as: Cancer, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 09/2023, Foundation For Dreams Inc employed 82 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For 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 09/2023, Foundation For Dreams Inc generated $763.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $901.4k during the year ending 09/2023. While expenses have increased by 6.9% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CELEBRATE THE ABILITIES AND DEVELOP THE STRENGTHS OF CHILDREN WITH SPECIAL NEEDS AND CHRONIC ILLNESSES AGES 7-17 BY COLLABORATING WITH FAMILIES TO PROVIDE INDIVIDUALIZED RESULT-BASED GOALS, FAMILY SUPPORT, AND RECREATION IN A CAMP ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED A CAMP WITH FUN, EDUCATIONAL, RECREATIONAL EXPERIENCES TO ENHANCE THE LIVES OF CHILDREN AGES 7-17 WITH PHYSICAL DISABILITIES AND SERIOUS ILLNESSES. OVER 800 CHILDREN ATTENDED CAMPS DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Kemper Murphy Chair | OfficerTrustee | 4 | $0 |
Annette Larkin Immediate Past Chair | OfficerTrustee | 4 | $0 |
Valerie Latour Treasurer | OfficerTrustee | 4 | $0 |
Ronnie Fowler Secretary | OfficerTrustee | 4 | $0 |
Nancy Beal Director | Trustee | 4 | $0 |
Darren Burdette Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $230,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $189,084 |
| Noncash contributions included in lines 1a–1f | $1,510 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $419,084 |
| Total Program Service Revenue | $148,051 |
| Investment income | $5,953 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,815 |
| Net Income from Fundraising Events | $187,416 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $763,319 |
| 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. | $119,128 |
| Compensation of current officers, directors, key employees. | $8,558 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $363,781 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $38,551 |
| Payroll taxes | $47,702 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,717 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,190 |
| Office expenses | $11,797 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,921 |
| Travel | $1,493 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,440 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $70,004 |
| Insurance | $25,338 |
| All other expenses | $4,873 |
| Total functional expenses | $901,354 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $230,181 |
| Savings and temporary cash investments | $669,832 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $38,340 |
| 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 | $13,182 |
| Net Land, buildings, and equipment | $1,081,883 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,033,418 |
| Accounts payable and accrued expenses | $11,780 |
| Grants payable | $0 |
| Deferred revenue | $54,761 |
| 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 | $66,541 |
| Net assets without donor restrictions | $1,966,877 |
| 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 | $2,033,418 |