Dreaming Out Loud Foundation
- Assets
- $1.7m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 29
- Location
- Washington, DC
- Founding
- 04/2010
- Data as of
- 09/2022
- EIN
- 26-1286043
Organization Overview
Dreaming Out Loud Foundation is located in Washington, DC. The organization was established in 2010. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 09/2022, Dreaming Out Loud Foundation employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dreaming Out Loud 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 09/2022, Dreaming Out Loud Foundation generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 43.2% each year . All expenses for the organization totaled $2.3m during the year ending 09/2022. 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
TO CREATE ECONOMIC OPPORTUNITIES FOR DC METRO COMMUNITY MEMBERS VIA A HEALTHY, EQUITABLE FOOD SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FARM AND FOOD HUB: THE FARM AT KELLY MILLER IS CENTERED AROUND COMMUNITY AND THROUGH PARTNERSHIPS WITH CITY BLOSSOMS, LOOP CLOSING, KELLY MILLER MIDDLE SCHOOL, DPR AND DC CENTRAL KITCHEN IS ABLE TO PROVIDE HOLISTIC PROGRAMMING FOR PEOPLE OF ALL AGES. A TRULY INTERGENERATIONAL SPACE, THE FARM PROVIDES YOUTH PROGRAMMING AND FIELD TRIPS FOR STUDENTS 0-18, VOLUNTEER OPPORTUNITIES FOR TEENS AND ADULTS AND COMMUNITY BASED EVENTS, INCLUDING MONTHLY DRUM CIRCLE, HERBAL MUTUAL AID APOTHECARY, WEEKLY COMPOSTING CLASSES AND MORE.
DREAM PROGRAM: THE DREAM PROGRAM IS A 16-WEEK START-UP BUSINESS PROGRAM FOR DC RESIDENTS WHO HAVE FOOD BUSINESSES OR FOOD BUSINESS IDEAS. FOOD ENTREPRENEURS WILL JOIN A COMMUNITY OF LOCAL FOOD ENTREPRENEURS, COACHES AND INDUSTRY EXPERTS TO HELP TAKE THEM TO THE NEXT LEVEL THROUGH A SERIES OF WORKSHOPS AND TAILORED EXPERIENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Bradshaw Executive Director | OfficerTrustee | 40 | $126,962 |
Johnny Seikey Chair | OfficerTrustee | 10 | $0 |
Jovita Wells Vice Chair | OfficerTrustee | 5 | $0 |
Michelle Maluwetig Secretary | OfficerTrustee | 3 | $0 |
Arlene King-Berry Board Member | Trustee | 2 | $0 |
Susan Sutler Board Member | Trustee | 2 | $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 | $1,764,514 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,764,514 |
| Total Program Service Revenue | $306,518 |
| 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 | $2,071,032 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $84,750 |
| 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. | $130,889 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $686,055 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $44,090 |
| Payroll taxes | $331,547 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $45,649 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $35,678 |
| Advertising and promotion | $17,679 |
| Office expenses | $47,135 |
| Information technology | $19,007 |
| Royalties | $0 |
| Occupancy | $117,026 |
| Travel | $6,729 |
| 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 | $2,662 |
| Insurance | $30,152 |
| All other expenses | $0 |
| Total functional expenses | $2,302,030 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,611,029 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $36,972 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,204 |
| Total assets | $1,658,205 |
| Accounts payable and accrued expenses | $11,165 |
| 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 | $42,196 |
| Total liabilities | $53,361 |
| Net assets without donor restrictions | $1,604,844 |
| 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 | $1,658,205 |
Grants Awarded
Over the last fiscal year, Dreaming Out Loud Foundation has awarded $129,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
GARFIELD TERRACE SENIOR RESIDENTS COUNCIL PURPOSE: Support organization's mission | $44,500 |
GARFIELD TERRACE SENIOR RESIDENTS COUNCIL PURPOSE: Support organization's mission | $44,500 |
LITTLE SESAME PURPOSE: Support organization's mission | $20,000 |
LITTLE SESAME PURPOSE: Support organization's mission | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Dreaming Out Loud Foundation has recieved totaling $549,303.
| Awarding Organization | Amount |
|---|---|
Kresge Foundation Troy, MI PURPOSE: THE PURPOSE OF THIS GRANT IS TO CREATE AN INTEGRATED PIPELINE TO JOBS, ECONOMIC OPPORTUNITY, AND COMMUNITY WEALTH-BUILDING FOR OUR MOST MARGINALIZED COMMUNITIES, UTILIZING THE FOOD SYSTEM AS THE CATALYST -- CENTERED AT THE FARM AND FOOD HUB AT KELLY MILLER. | $115,000 |
Kresge Foundation Troy, MI PURPOSE: TO CREATE AN INTEGRATED PIPELINE TO JOBS, ECONOMIC OPPORTUNITY, AND COMMUNITY WEALTH-BUILDING FOR OUR MOST MARGINALIZED COMMUNITIES, UTILIZING THE FOOD SYSTEM AS THE CATALYST BY CENTERING EFFORTS AT THE FARM AND FOOD HUB AT THE KELLY MILLER SCHOOL. | $115,000 |
Greater Washington Community Foundation Washington, DC PURPOSE: GENERAL SUPPORT | $85,900 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $83,403 |
Kaiser Foundation Health Plan Of The Mid Atlantic States Inc Oakland, CA PURPOSE: Black Farm Csa: Building Capacity For Scaling Whol | $50,000 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Food Security | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Partnership For A Healthier America Inc Washington, DC | $8,156,675 | $7,675,528 |
Washington Nationals Philanthropies Washington, DC | $8,857,322 | $4,334,499 |
Peaceplayers International Washington, DC | $2,663,713 | $3,827,781 |
Impact Living Services Forest, VA | $3,151,473 | $6,118,517 |
Service Year Exchange Inc Washington, DC | $7,358,910 | $7,347,919 |
Richmond First Tee Richmond, VA | $10,036,196 | $3,399,029 |
Breakfree Education Columbia, MD | $2,710,082 | $3,378,734 |
Us Dream Academy Inc Silver Spring, MD | $1,470,975 | $3,095,850 |
Skillsusa Foundation Inc Leesburg, VA | $0 | $2,681,875 |
Washington Tennis & Education Washington, DC | $25,495,785 | $2,863,895 |
Dreaming Out Loud Foundation Washington, DC | $1,658,205 | $2,071,032 |
Gods Anointed New Generation Washington, DC | $911,281 | $2,117,782 |