Dreaming Out Loud Foundation
- Assets
- $0.0
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 33
- Location
- Washington, DC
- Founding
- 04/2010
- Data as of
- 09/2023
- 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 09/2023, Dreaming Out Loud Foundation employed 33 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 09/2023, Dreaming Out Loud Foundation generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 43.6% each year . All expenses for the organization totaled $3.1m during the year ending 09/2023. 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
DREAMING OUT LOUDS MISSION IS TO CREATE ECONOMIC OPPORTUNITIES FOR THE DC METRO REGIONS MARGINALIZED COMMUNITY MEMBERS THROUGH BUILDING 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 ADULSTS AND COMMUNITY BASED EVENTS, INCLUDING A 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 | OfficerTrustee | 40 | $126,962 |
Johnny Seikally | Trustee | 2 | $0 |
Wil Parker | Trustee | 2 | $0 |
Jovita Wells | Trustee | 2 | $0 |
Emerald Stewart | Trustee | 2 | $0 |
Susan Sutler | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $736,405 |
| Related organizations | $0 |
| Government grants | $306,376 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,396,848 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,439,629 |
| Total Program Service Revenue | $589,154 |
| 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 | $3,028,783 |
| 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. | $85,180 |
| Compensation of current officers, directors, key employees. | $42,590 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $932,069 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $101,608 |
| Payroll taxes | $444,506 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,431 |
| Fees for services: Accounting | $113,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $19,852 |
| Office expenses | $63,684 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $46,967 |
| 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 | $7,727 |
| Insurance | $56,121 |
| All other expenses | $363,235 |
| Total functional expenses | $3,131,977 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Dreaming Out Loud Foundation has awarded $64,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GARFIELD TERRACE SENIOR RESIDENTS COUNCIL PURPOSE: Support organization's mission | $44,500 |
LITTLE SESAME PURPOSE: Support organization's mission | $20,000 |