Dreams Fore Kids Inc
- Assets
- $52.9k
- Revenue
- $671.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- Data as of
- 12/2021
- EIN
- 85-3449852
Organization Overview
Dreams Fore Kids Inc is located in Greensboro, NC. According to its NTEE Classification (O12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dreams Fore Kids Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE NONPROFIT CORPORATION IS ORGANIZED EXCLUSIVELY TO ENGAGE IN CHARITABLE ACTIVITIES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, INCLUDING SPECIFICALLY, BUT NOT LIMITED TO:(I) ORGANIZING, PROMOTING AND CONDUCTING FUNDRAISING EVENTS, INCLUDING SPECIFICALLY GOLF EVENTS, TO BENEFIT YOUTH CHARITABLE ORGANIZATIONS;(II) CONSTRUCTION OF FACILITIES AND OPERATION OF PROGRAMS FOR EDUCATION, INSTRUCTION, RESEARCH, COMPETITION, PRESERVATION OF HISTORY AND OTHER CHARITABLE PURPOSES RELATING THERETO AND (III) SUCH OTHER YOUTH, COLLEGIATE AND OTHER SPORTING EVENTS AND AMATEUR AND OTHER SPORTS COMPETITIONS AS DETERMINED IN THE DISCRETION OF THE BOARD OF DIRECTORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NONPROFIT CORPORATION IS ORGANIZED EXCLUSIVELY TO ENGAGE IN CHARITABLE ACTIVITIES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, INCLUDING SPECIFICALLY, BUT NOT LIMITED TO:(I) ORGANIZING, PROMOTING AND CONDUCTING FUNDRAISING EVENTS, INCLUDING SPECIFICALLY GOLF EVENTS, TO BENEFIT YOUTH CHARITABLE ORGANIZATIONS;(II) CONSTRUCTION OF FACILITIES AND OPERATION OF PROGRAMS FOR EDUCATION, INSTRUCTION, RESEARCH, COMPETITION, PRESERVATION OF HISTORY AND OTHER CHARITABLE PURPOSES RELATING THERETO AND (III) SUCH OTHER YOUTH, COLLEGIATE AND OTHER SPORTING EVENTS AND AMATEUR AND OTHER SPORTS COMPETITIONS AS DETERMINED IN THE DISCRETION OF THE BOARD OF DIRECTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Brazil CEO | Officer | 40 | $77,500 |
Marc L Isaacson Secretary | Officer | $0 | |
Michael Spohn Treasurer | Officer | $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 | $671,050 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $671,050 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $671,050 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100,000 |
| 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 | $77,500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $43,818 |
| Total functional expenses | $618,132 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,918 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $52,918 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $52,918 |
| 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 | $52,918 |
Grants Awarded
Over the last fiscal year, Dreams Fore Kids Inc has awarded $100,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Braselton, GA | | $50,000 |
THE JACK STEPHENS YOUTH GOLF | | | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Dreams Fore Kids Inc has recieved totaling $284,000.
| Awarding Organization | Amount |
|---|---|
Harriet And Warren Stephens Family Foundation Little Rock, AR PURPOSE: GENRAL FUND | $250,000 |
Spartanburg County Foundation Spartanburg, SC PURPOSE: GENERAL SUPPORT | $20,000 |
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $14,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
One Eleuthera Foundation Clemson, SC | $425,301 | $3,559,088 |
The Jesse Helms Center Foundation Wingate, NC | $10,139,785 | $832,538 |
Congressional Sports For Charity Alexandria, VA | $777,505 | $905,404 |
Gnf Clarksville, TN | $246,958 | $954,659 |
Dreams Fore Kids Inc Greensboro, NC | $52,918 | $671,050 |
Youth Life Foundation Of Richmond Richmond, VA | $331,898 | $775,489 |
Dreamchasers Clarksville, TN | $172,017 | $578,217 |
M4k Lynchburg Inc Lynchburg, VA | $46,148 | $496,402 |
Atlanta Charity Clays Inc Atlanta, GA | $645,655 | $485,330 |
3e Funding Inc Clarksville, TN | $268,851 | $536,563 |
Variety Of Eastern Tennessee Knoxville, TN | $797,429 | $885,436 |
Virginia Extreme Force Inc Chesapeake, VA | $3,310,153 | $689,057 |