The Dream Program Inc
- Assets
- $2.3m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 115
- Location
- Winooski, VT
- Founding
- 05/2002
- Data as of
- 08/2021
- EIN
- 26-0030908
Organization Overview
The Dream Program Inc is located in Winooski, VT. The organization was established in 2002. According to its NTEE Classification (O20) the organization is classified as: Youth Centers & Clubs, under the broad grouping of Youth Development and related organizations. As of 08/2021, Dream Program Inc employed 115 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dream Program Inc 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, Dream Program Inc generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $2.0m during the year ending 08/2021. While expenses have increased by 15.1% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE DREAM PROGRAM BUILDS COMMUNITIES OF FAMILIES AND COLLEGE STUDENTS THAT EMPOWER CHILDREN FROM AFFORDABLE HOUSING NEIGHBORHOODS TO RECOGNIZE THEIR OPTIONS, MAKE INFORMED DECISIONS, AND ACHIEVE THEIR DREAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOOL-YEAR PROGRAMS: THE DREAM PROGRAM PROVIDED "VILLAGE MENTORING" SERVICES TO OVER 300 YOUTH WHO LIVE IN AFFORDABLE HOUSING COMMUNITIES ACROSS VERMONT, BOSTON AND PHILADELPHIA. THIS INCLUDES A WEEKLY MENTORING PROGRAM BETWEEN COLLEGE STUDENT MENTORS AND YOUTH AGES 5 TO 18 AS WELL AS YEAR END TRIPS AND COMMUNITY EVENTS.
SUMMER PROGRAMS: THE DREAM PROGRAM PROVIDED SUMMER ENRICHMENT OPPORTUNITIES TO OVER 400 YOUTH WHO LIVE IN AFFORDABLE HOUSING COMMUNITIES IN VERMONT, BOSTON, AND PHILADELPHIA. THIS INCLUDED ON-SITE ACTIVITIES SUCH AS ARTS AND CRAFTS, GAMES, AND TUTORING AND SMALL TRIPS TO LOCAL EDUCATIONAL AND RECREATIONAL VENUES. THESE ACTIVITIES WERE LED BY A CADRE OF DREAM SUMMER INTERNS, AMERICORPS MEMBERS, AND PART-TIME STAFF MEMBERS.
CAMP DREAM: THE DREAM PROGRAM PROVIDED CAMP DREAM, A SUMMER RECREATIONAL CAMP EXPERIENCE TO OVER 100 YOUTH FROM VERMONT AND BOSTON. ACTIVITIES INCLUDED HIKING, SWIMMING, GARDENING, ENVIRONMENTAL EDUCATION AND OTHER HEALTH ACTIVITIES. THESE ACTIVITIES WERE PROVIDED BY DREAM AMERICORPS MEMBERS AS WELL AS STAFF AND VOLUNTEERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Foote CEO | Officer | 40 | $63,824 |
Andrew Lassiter Director | OfficerTrustee | 2 | $0 |
Sandy Mervak Board Vice-Chair | OfficerTrustee | 2 | $0 |
Rosemary Courtney Secretary | OfficerTrustee | 2 | $0 |
Neal Warren Treasurer | OfficerTrustee | 2 | $0 |
Ray Sorrentini Board Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,400 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,262,123 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,076,815 |
| Noncash contributions included in lines 1a–1f | $24,905 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,340,338 |
| Total Program Service Revenue | $157,200 |
| Investment income | $4,398 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,623 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,506,559 |
| 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. | $62,660 |
| Compensation of current officers, directors, key employees. | $7,044 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,129,319 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $97,468 |
| Payroll taxes | $106,873 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,466 |
| Fees for services: Accounting | $20,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,778 |
| Fees for services: Other | $119,039 |
| Advertising and promotion | $0 |
| Office expenses | $56,254 |
| Information technology | $24,081 |
| Royalties | $0 |
| Occupancy | $22,567 |
| Travel | $18,792 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,881 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,217 |
| Insurance | $19,018 |
| All other expenses | $120,928 |
| Total functional expenses | $1,991,698 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $779,476 |
| Savings and temporary cash investments | $204,681 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $180,404 |
| 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 | $5,244 |
| Net Land, buildings, and equipment | $1,109,044 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,278,849 |
| Accounts payable and accrued expenses | $30,840 |
| 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 | $353,369 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,789 |
| Total liabilities | $396,998 |
| Net assets without donor restrictions | $1,597,762 |
| Net assets with donor restrictions | $284,089 |
| 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 | $2,278,849 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Dream Program Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Williams Foundation Severna Park, MD PURPOSE: GENERAL PURPOSE | $20,000 |
Endowment Analysis
| Beg. Balance | $78,242 |
| Earnings | $20,932 |
| Admin Expense | $1,105 |
| Other Expense | $673 |
| Ending Balance | $97,396 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Manhattan Youth Recreation And Resources Inc New York, NY | $17,184,242 | $19,141,924 |
Sephardic Community Youth Center Brooklyn, NY | $72,169,796 | $17,975,881 |
Do Something Inc New York, NY | $16,018,625 | $4,390,638 |
Colonie Youth Center Inc Latham, NY | $13,129,145 | $4,748,575 |
Squashbusters Inc Roxbury Crossing, MA | $32,066,323 | $8,675,838 |
El Puente De Williamsburg Inc Brooklyn, NY | $1,746,153 | $3,586,866 |
Manhattan Soccer Club Inc New York, NY | $3,532,103 | $3,811,063 |
Valeo Futbol Club Inc Newton Center, MA | -$49,861 | $2,149,283 |
Sociedad Latina Inc Roxbury, MA | $10,396,868 | $3,359,611 |
The Dream Program Inc Winooski, VT | $2,278,849 | $2,506,559 |
Wendell P Clark Memorial Young Mens Christian Association Inc Winchendon, MA | $12,441,713 | $1,690,949 |
Mary Mitchell Family And Youth Center Inc Bronx, NY | $860,013 | $1,774,814 |