Dream Center Of Jackson
- Assets
- $7.0m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 9
- Location
- Jackson, TN
- Founding
- 08/2007
- Data as of
- 06/2023
- EIN
- 20-2807836
Organization Overview
Dream Center Of Jackson is located in Jackson, TN. The organization was established in 2007. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 06/2023, Dream Center Of Jackson employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dream Center Of Jackson 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 06/2023, Dream Center Of Jackson generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 26.5% each year . All expenses for the organization totaled $423.3k during the year ending 06/2023. While expenses have increased by 7.2% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MULTIFACETED FAITH BASED FREE SERVICE TO OVERCOME CHRONIC HOMELESSNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PREPARE WOMEN AND THEIR CHILDREN TO BECOME FINANCIALLY STRONG, EMOTIONALLY BALANCED, AND SELF EFFICIENT THROUGH FREE SHELTER, RECOVERY CLASSES, AND ASSISTING IN FINDING THEM GAINFUL EMPLOYMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gail Gustafson Executive Di | Officer | 40 | $64,462 |
Mark Miller Director | Trustee | 1 | $0 |
Kristi Turnbow Director | Trustee | 1 | $0 |
Randy Moffett Director | Trustee | 1 | $0 |
Jackie Newsom Director | Trustee | 1 | $0 |
Ryan Blake Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $98,900 |
| Membership dues | $0 |
| Fundraising events | $164,702 |
| Related organizations | $0 |
| Government grants | $30,052 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,342,137 |
| Noncash contributions included in lines 1a–1f | $18,872 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,635,791 |
| Total Program Service Revenue | $0 |
| Investment income | $14,115 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $600 |
| Net Income from Fundraising Events | $31,040 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,685,173 |
| 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. | $65,500 |
| Compensation of current officers, directors, key employees. | $1,310 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $155,963 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $27,105 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,264 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $408 |
| Advertising and promotion | $123 |
| Office expenses | $14,819 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,517 |
| 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 | $4,267 |
| Insurance | $48,061 |
| All other expenses | $5,427 |
| Total functional expenses | $423,342 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $721,238 |
| Pledges and grants receivable | $1,445,526 |
| 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 | $4,765,993 |
| Investments—publicly traded securities | $33,703 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,966,460 |
| Accounts payable and accrued expenses | $28,829 |
| 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 | $28,829 |
| Net assets without donor restrictions | $6,030,926 |
| Net assets with donor restrictions | $906,705 |
| 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 | $6,966,460 |