Dream Big Foundation Inc
- Assets
- $3.1m
- Revenue
- $416.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Crownsville, MD
- Founding
- 05/2018
- Data as of
- 06/2021
- EIN
- 82-3026540
Organization Overview
Dream Big Foundation Inc is located in Crownsville, MD. The organization was established in 2018. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Dream Big Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dream Big 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 06/2021, Dream Big Foundation Inc generated $416.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (27.4%) each year.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO STRENGTHEN THE PERFORMANCE OF COMMUNITY-BASED NONPROFITS AND EFFECTIVELY INTEGRATE THEM TO ACHIEVE LIFE CHANGING RESULTS FOR CHILDREN AND YOUTH LIVING IN UNDERSERVED BALTIMORE NEIGHBORHOODS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STRENGTHENED THE PERFORMANCE OF COMMUNITY-BASED NONPROFITS AND EFFECTIVELY INTEGRATED THEM TO ACHIEVE LIFE CHANGING RESULTS FOR CHILDREN AND YOUTH LIVING IN UNDERSERVED BALTIMORE NEIGHBORHOODS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Veronica Nolan Partner | Officer | 40 | $198,500 |
Sean F Murphy Sr Founder/boar | Officer | 10 | $0 |
Ricky Levine Vice Chairma | Officer | 10 | $0 |
Stephen W Shaw Board Member | Officer | 10 | $0 |
Laura Scheeler Treasurer | Officer | 10 | $0 |
Donald Scheeler Board Member | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $390,835 |
| Noncash contributions included in lines 1a–1f | $22,857 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $390,835 |
| Total Program Service Revenue | $0 |
| Investment income | $22,858 |
| 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 | $416,051 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $69,788 |
| 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. | $338,083 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $37,388 |
| Pension plan accruals and contributions | $8,843 |
| Other employee benefits | $6,888 |
| Payroll taxes | $27,036 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,202 |
| Fees for services: Accounting | $15,472 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $43,591 |
| Advertising and promotion | $19,930 |
| Office expenses | $13,276 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $312 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $332 |
| Insurance | $3,796 |
| All other expenses | $93,686 |
| Total functional expenses | $795,651 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $459,624 |
| 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 | $665 |
| Investments—publicly traded securities | $2,633,145 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,093,434 |
| Accounts payable and accrued expenses | $0 |
| 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 | $557,709 |
| Total liabilities | $557,709 |
| Net assets without donor restrictions | $2,535,725 |
| 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 | $3,093,434 |
Grants Awarded
Over the last fiscal year, Dream Big Foundation Inc has awarded $275,113 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Columbia, MD PURPOSE: AFTER SCHOOL PROGRAM | $226,613 |
AMPLIFY EDUCATION INC PURPOSE: LITERACY PROGRAM | $33,000 |
THE HONORABLE WILLIAM H MURPHY &MADELINE W MURPHY SCHOLARSHIP FUND PURPOSE: AUTHOR PRESENTATION | $8,000 |
Alexandria, VA PURPOSE: CANCER RESEARCH | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Dream Big Foundation Inc has recieved totaling $508,707.
| Awarding Organization | Amount |
|---|---|
Sherman Family Foundation Miami Beach, FL PURPOSE: GENERAL OPERATIONS | $250,000 |
The Harry & Jeanette Weinberg Foundation Inc Owings Mills, MD PURPOSE: TO SUPPORT THE PURPOSE BUILT COMMUNITIES MODEL IN CHERRY HILL THROUGH THE CHERRY HILL INITIATIVE, WHICH AIMS TO TRANSFORM AND REVITALIZE THE NEIGHBORHOOD THROUGH COORDINATED INVESTMENTS IN EDUCATION, HOUSING, AND HEALTH. | $250,000 |
Whiteford Taylor & Preston Charitable Tr Baltimore, MD PURPOSE: CONTINUING OPERATIONS | $8,167 |
First Eagle Investment Management Foundation Wilmington, DE PURPOSE: GENERAL FUND | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $40 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Small Enterprise Assistance Funds Washington, DC | $28,992,255 | $7,370,545 |
Montgomery Village Foundation Inc montgomery village, MD | $23,433,037 | $9,100,632 |
Blockchain Charity Foundation Usa Washington, DC | $18,476,166 | $12,913,817 |
Act For Alexandria Alexandria, VA | $25,524,079 | $7,617,741 |
Dream Big Foundation Inc Crownsville, MD | $3,093,434 | $416,051 |
Sons Of Italy Foundation Washington, DC | $3,002,403 | $903,118 |
Fishtown Kensington Area Business Improvement District Inc Philadelphia, PA | $471,400 | $763,974 |
Nccco Foundation Inc Fairfax, VA | $88,363 | $507,000 |
Sior Foundation Washington, DC | $7,527,340 | $479,437 |
Invest Pgh Pittsburgh, PA | $6,268,905 | $1,344,305 |
Operation Our Town Altoona, PA | $262,216 | $357,697 |
In-2-Market Inc Pittsburgh, PA | $472,102 | $212,780 |