Dreams R Us Foundation
- Assets
- $15.5m
- Revenue
- $279.3k
- Investments
- $15.0m
- Employees
- 0
- Location
- Shoreham, NY
- Founding
- 12/1995
- Data as of
- 12/2023
- EIN
- 11-6458173
Organization Overview
Dreams R Us Foundation is located in Shoreham, NY. The organization was established in 1995. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dreams R Us Foundation 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 12/2023, Dreams R Us Foundation generated $279.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (12.3%) each year. All expenses for the organization totaled $965.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Dreams R Us Foundation has awarded 160 individual grants totaling $6,751,762. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meghan E Pace Trustee | 2 | $27,152 | |
Kerry A Pace-Mcveigh Trustee | 2 | $27,152 | |
Alicia Pace Webb Trustee | 2 | $27,152 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $623,244 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$444,555 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $100,631 |
| Total Revenue | $279,320 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $81,455 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $473 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,097 |
| Total operating and administrative expenses | $201,251 |
| Contributions, gifts, grants paid | $763,916 |
| Total expenses and disbursements | $965,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $495,311 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $8,454,005 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $15,505,233 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Dreams R Us Foundation has awarded $763,916 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
ANCHOR HOUSE PURPOSE: GENERAL CONTRIBUTION | $10,000 |
CATHOLIC NEAR EAST WELFARE ASSOCIATION PURPOSE: GENERAL CONTRIBUTION | $5,000 |
DANCING CLASSROOMS PHILLY PURPOSE: GENERAL CONTRIBUTION | $50,000 |
COVENANT HOUSE OF NEW YORK PURPOSE: GENERAL CONTRIBUTION | $150,000 |
EMBRELLA PURPOSE: GENERAL CONTRIBUTION | $39,600 |
FARMS FOR CITY KIDS FOUNDATION PURPOSE: GENERAL CONTRIBUTION | $50,000 |