Team Drea Foundation Inc
- Assets
- $135.5k
- Revenue
- $260.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 09/2016
- Data as of
- 12/2021
- EIN
- 81-3938375
Organization Overview
Team Drea Foundation Inc is located in Raleigh, NC. The organization was established in 2016. According to its NTEE Classification (G80) the organization is classified as: Specifically Named Diseases, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Team Drea Foundation 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 12/2021, Team Drea Foundation Inc generated $260.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 27.5% each year . All expenses for the organization totaled $208.9k during the year ending 12/2021. While expenses have increased by 20.9% per year over the past 4 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT ALS RESEARCH
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEAM DREA FOUNDATION CONTRIBUTES TO RESEARCH ORGANIZATIONS TO FURTHER RESEARCH A CURE FOR ALS. IN 2021 TDF CONTRIBUTED $190,000 TO OTHER ORGANIZATIONS.
TEAM DREA FOUNDATION RAISES AWARENESS TO FIND A CURE FOR ALS. OUR MESSAGE REACHES NUMEROUS INDIVIDUALS THROUGH FUNDRAISING EVENTS AND ADVERTISING. WE ARE ALSO FILMING A DOCUMENTARY TO RAISE AWARENESS OF THIS DEVASTATING DISEASE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Peet Chairman | OfficerTrustee | 10 | $0 |
Angela Ayers Vice Chairwoman | OfficerTrustee | 1 | $0 |
Ashley Kollme Secretary | OfficerTrustee | 2 | $0 |
Douglas Kollme Treasurer | OfficerTrustee | 1 | $0 |
Andrea Peet President | Officer | 20 | $0 |
Jason Biggs Member Of Board | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $176,851 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $82,941 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $259,792 |
| 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 | -$425 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,250 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $260,617 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $190,000 |
| 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. | $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 | $7,160 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,232 |
| Advertising and promotion | $0 |
| Office expenses | $6,253 |
| Information technology | $528 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $648 |
| 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 | $458 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $208,894 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,902 |
| Savings and temporary cash investments | $0 |
| 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 | $62,633 |
| Other assets | $0 |
| Total assets | $135,535 |
| Accounts payable and accrued expenses | $10 |
| 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 | $10 |
| Net assets without donor restrictions | $86,429 |
| Net assets with donor restrictions | $49,096 |
| 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 | $135,535 |
Grants Awarded
Over the last fiscal year, Team Drea Foundation Inc has awarded $180,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Watertown, MA PURPOSE: Research on therapeutic treatments | $140,000 |
Durham, NC PURPOSE: Research on therapeutic treatments | $40,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Team Drea Foundation Inc has recieved totaling $3,652.
| Awarding Organization | Amount |
|---|---|
James And Mildred Wilkinson Charitable Foundation Inc Durham, NC PURPOSE: SUPPORT ELEMENTARY SCHOOL KIDS | $3,216 |
John And Frances Morisey Account Raleigh, NC PURPOSE: CHARITABLE | $250 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $186 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Diabetes Association Inc Arlington, VA | $186,412,830 | $138,165,721 |
Malaria Consortium Raleigh, NC | $5,886,578 | $4,408,499 |
No Baby Blisters Winston Salem, NC | $835,772 | $4,997,748 |
Stuttering Foundation Of America Memphis, TN | $42,100,129 | $1,981,007 |
The Als Association Of Georgia Inc Atlanta, GA | $1,686,109 | $1,269,205 |
Dyslexia Resource Trust Inc Atlanta, GA | $1,477,246 | $1,480,098 |
The Multiple System Atrophy Coalition Inc Mclean, VA | $7,567,273 | $2,031,145 |
Angioma Alliance Charlottesville, VA | $1,215,381 | $1,078,304 |
Lupus Foundation Of America Georgia Chapter Inc Smyrna, GA | $558,120 | $586,075 |
Mackenzies Mission Great Falls, VA | $152,356 | $392,048 |
Pediatric Infectious Diseases Society Arlington, VA | $2,174,813 | $704,677 |
Diabetessisters Raleigh, NC | $952,848 | $466,053 |