Garden Of Dreams Foundation
- Assets
- $3.2m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/1998
- Data as of
- 08/2021
- EIN
- 13-3979726
Organization Overview
Garden Of Dreams Foundation is located in New York, NY. The organization was established in 1998. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Garden Of Dreams 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 08/2021, Garden Of Dreams Foundation generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (28.9%) each year. All expenses for the organization totaled $1.1m during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (28.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Garden Of Dreams Foundation has awarded 243 individual grants totaling $45,670,070. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE GARDEN OF DREAMS FOUNDATION BRINGS LIFE-CHANGING OPPORTUNITIES TO YOUNG PEOPLE IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GARDEN OF DREAMS GIVING PROGRAM: THE PROGRAM HELPS ITS PARTNER ORGANIZATIONS MEET THE CRITICAL NEEDS OF THE CHILDREN THEY SERVE, INCLUDING THROUGH DIRECT SUPPORT OF COLLEGE SCHOLARSHIPS AND CAPITAL IMPROVEMENT PROJECTS WITHIN THE COMMUNITY. EXAMPLES OF THESE GRANTS ARE REFURBISHMENTS OF GYMNASIUMS, DANCE STUDIOS, RECORDING STUDIOS AND CHILDREN'S HOSPITAL WINGS. DURING FY21 INCREASED RESTRICTIONS ON IN-PERSON GATHERINGS DUE TO COVID LIMITED THIS PROGRAM TO PRIMARILY INCLUDE SCHOLARSHIPS.
EVENTS AT MADISON SQUARE GARDEN, RADIO CITY MUSIC HALL, TEAMS' TRAINING CENTER AND OTHER VENUES: THE FOUNDATION PROVIDES ACCESS TO EVENTS SUCH AS CONCERTS, SPORTING EVENTS AND A TALENT SHOW, AS WELL AS PROGRAMMING SUCH AS MENTORING & EDUCATIONAL OPPORTUNITIES AT VARIOUS VENUES, INCLUDING MSG, RADIO CITY MUSIC HALL, MSG TRAINING CENTER & OTHER VENUES. THE FOUNDATION ALSO SUPPORTS THE CHILDREN OF ITS PARTNER ORGANIZATIONS THROUGH VARIOUS DIRECT DONATIONS THROUGHOUT THE YEAR, SUCH AS AN ADOPT-A-FAMILY DRIVE DURING THE HOLIDAY SEASON IN WHICH MSG EMPLOYEES CAN PURCHASE NECESSARY FOOD, CLOTHING & OTHER ITEMS FOR SPECIFIC FAMILIES. DURING FY21 INCREASED RESTRICTIONS ON IN-PERSON GATHERINGS DUE TO COVID LIMITED THIS PROGRAM TO PRIMARILY INCLUDE ADOPT-A-FAMILY DONATIONS.
COMMUNITY BASED ORGANIZATIONS SUPPORT: IN RESPONSE TO THE PANDEMIC & THROUGH ITS COMMUNITY ORGANIZATIONS THE FOUNDATION PROVIDED ASSISTANCE TO FAMILIES SUFFERING FROM FOOD SCARCITY THROUGH THE PROVISION OF MEALS AND OTHER SUPPLIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Fisher Co-Vice Chairperson | OfficerTrustee | 0.75 | $0 |
Barry Watkins Chairman | OfficerTrustee | 1 | $0 |
Gary Fuhrman Co-Vice Chairperson | OfficerTrustee | 0.2 | $0 |
Victoria Mink Treasurer | OfficerTrustee | 0.5 | $0 |
John Master Thru 221 Secretary | Officer | 0.5 | $0 |
Riana Positano From 621 Secretary | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $134,703 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,120,073 |
| Noncash contributions included in lines 1a–1f | $258,347 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,254,776 |
| Total Program Service Revenue | $0 |
| Investment income | $5,915 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $968 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,261,659 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $870,976 |
| 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 | $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 | $53,890 |
| Office expenses | $81,378 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $742 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $339 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,698 |
| All other expenses | $0 |
| Total functional expenses | $1,122,854 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,022,501 |
| Pledges and grants receivable | $118,344 |
| 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 | $73,926 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,293 |
| Total assets | $3,221,064 |
| Accounts payable and accrued expenses | $23,914 |
| Grants payable | $0 |
| Deferred revenue | $8,328 |
| 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 | $8,233 |
| Total liabilities | $40,475 |
| Net assets without donor restrictions | $3,143,429 |
| Net assets with donor restrictions | $37,160 |
| 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 | $3,221,064 |
Grants Awarded
Over the last fiscal year, Garden Of Dreams Foundation has awarded $368,711 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: to fulfill GDF's | $65,304 |
Bronx, NY PURPOSE: to fulfill GDF's | $63,296 |
New York, NY PURPOSE: to fulfill GDF's | $53,339 |
DEPARTMENT OF HOMELESS SERVICES PURPOSE: to fulfill GDF's | $53,060 |
New York, NY PURPOSE: to fulfill GDF's | $40,466 |
Glen Cove, NY PURPOSE: to fulfill GDF's | $26,990 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Garden Of Dreams Foundation has recieved totaling $134,144.
| Awarding Organization | Amount |
|---|---|
United Way Miami Inc Miami, FL PURPOSE: GENERAL FUNDS | $50,000 |
American Endowment Foundation Hudson, OH PURPOSE: PHILANTHROPY | $35,500 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $10,050 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: EDUCATIONAL PROGRAMS & OTHER STUDENT SVC | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,447 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Partnership Schools New York, NY | $64,379,139 | $24,282,663 |
Feeding Pennsylvania Lemoyne, PA | $10,818,120 | $21,841,545 |
Royal College Of Art Usa Inc New York, NY | $1,933,182 | $14,916,047 |
Imago Dei Fund Boston, MA | $57,020,766 | $29,637,241 |
Boston Charitable Trust Fund Boston, MA | $1,173,216 | $4,494,143 |
Nfa Foundation Inc Norwich, CT | $77,129,817 | $5,415,738 |
American Friends Of B Nai Levy Foundation Brooklyn, NY | $493,786 | $13,431,000 |
Rf Catalytic Capital Inc New York, NY | $241,603,034 | $246,273,218 |
University Of Pittsburgh And Upmc Medical And Health Sciences Fdn Pittsburgh, PA | $0 | $12,874,250 |
Freedom Fund Brooklyn, NY | $51,719,352 | $51,201,158 |
American Friends Of Leket Israel Inc Teaneck, NJ | $3,165,709 | $12,922,662 |
Provision Ministry Inc Westborough, MA | $833,220 | $12,247,682 |