Dream Center Of Hampton Roads
- Assets
- $28.4k
- Revenue
- $499.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Virginia Beach, VA
- Founding
- Data as of
- 12/2022
- EIN
- 86-1251255
Organization Overview
Dream Center Of Hampton Roads is located in Virginia Beach, VA. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. As of 12/2022, Dream Center Of Hampton Roads employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dream Center Of Hampton Roads 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 12/2022, Dream Center Of Hampton Roads generated $499.6k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 35.6% each year . All expenses for the organization totaled $530.8k during the year ending 12/2022. While expenses have increased by 45.3% per year over the past 2 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
A COMMUNITY DEVELOPMENT BASED OUTREACH THAT SEEKS TO ELIMINATE OR GREATLY REDUCE THE BARRIERS TO SUCCESS FOR THE IMPOVERISHED, UNDERPRIVILEGED, AND MARGINALIZED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ASSISTANCE IN THE COMMUNITY TO ELIMINATE OR GREATLY REDUCE THE BARRIERS TO SUCCESS FOR THE IMPOVERISHED, UNDERPRIVILEGED AND THE MARGINALIZED INDIVIDUALS.
DEPRECIATION
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Backens Director | Trustee | 5 | $0 |
Sandra Christmas Director | Trustee | 5 | $0 |
Patricia King Director | Trustee | 5 | $0 |
Jackie Koon Treasurer | OfficerTrustee | 5 | $0 |
Sequoia Owens Director | Trustee | 5 | $0 |
Kevin Turpin President | Trustee | 20 | $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 | $472,533 |
| Noncash contributions included in lines 1a–1f | $401,400 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $472,533 |
| Total Program Service Revenue | $27,054 |
| 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 | $499,587 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $48,538 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,713 |
| Fees for services: Management | $5,512 |
| Fees for services: Legal | $3,650 |
| Fees for services: Accounting | $4,744 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $48,130 |
| Advertising and promotion | $214 |
| Office expenses | $9,289 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $401,400 |
| Travel | $2,944 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $455 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,225 |
| Insurance | $950 |
| All other expenses | $0 |
| Total functional expenses | $530,764 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,350 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,964 |
| 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 | $3,061 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $28,375 |
| Accounts payable and accrued expenses | $787 |
| 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 | $787 |
| Net assets without donor restrictions | $27,588 |
| 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 | $28,375 |