Operation Dream Inc
- Assets
- $701.8k
- Revenue
- $786.2k
- Investments
- $0.0
- Employees
- 12
- Location
- Milwaukee, WI
- Founding
- 03/2008
- Data as of
- 12/2021
- EIN
- 26-1455938
Organization Overview
Operation Dream Inc is located in Milwaukee, WI. The organization was established in 2008. According to its NTEE Classification (I21) the organization is classified as: Youth Violence Prevention, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2021, Operation Dream Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Operation Dream 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 12/2021, Operation Dream Inc generated $786.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $480.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.6%) per year over the past 7 years. 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
HOLISTIC SUPPORT AND DEVELOPMENTAL OPPORTUNITIES FOR BOYS AND YOUNG MEN AGES 4 TO 19.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION DREAM - ACADEMIC YEAR PROGRAM (AYP): OPERATION DREAM PROVIDES A FULL DAY OF ACADEMIC, RECREATIONAL AND SOCIAL ENRICHMENT PROGRAMMING TO ALMOST 100 YOUNG MEN ON SATURDAYS. DREAM TO ACHIEVE - YOUNG MEN ARE REFERRED TO THIS PROGRAM HAVING BEEN IDENTIFIED AT OUR ACADEMIC YEAR PROGRAM. THIS PROGRAM SERVES YOUNG MEN BETWEEN FROM 1ST - 12TH GRADE. OPERATION WORK - YOUNG MEN TOOK PART IN ENTREPRENEURSHIP TRAINING THROUGH BIZSTARTS. THEY DEVELOPED A BUSINESS PLAN FOR OUR SOCIAL ENTERPRISE, DREAM SCREEN, LLC.OPERATION INDEPENDENCE - THIS PROGRAM HAS BEEN NEWLY ESTABLISHED AND FOCUSES ON ENSURING THAT WE CONTINUE TO PROVIDE MENTORING AND SUPPORT FOR THE ALUMNI WHO HAVE TRANSITIONED OUT OF OUR PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marco D Morrison Ms Ed Executive Dir. | Officer | 40 | $86,869 |
Brandon Krause Treasurer | OfficerTrustee | 1 | $0 |
Giacomo Fallucca President | OfficerTrustee | 1 | $0 |
Scott Sampson Vice President | OfficerTrustee | 1 | $0 |
Richard Reed Secretary | OfficerTrustee | 1 | $0 |
Avery Goodrich Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $83,445 |
| All other contributions, gifts, grants, and similar amounts not included above | $699,740 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $783,185 |
| Total Program Service Revenue | $0 |
| 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 | $786,244 |
| 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. | $98,001 |
| Compensation of current officers, directors, key employees. | $13,899 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $180,331 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,790 |
| Payroll taxes | $20,117 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,934 |
| Advertising and promotion | $2,636 |
| Office expenses | $11,573 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $52,007 |
| Travel | $8,416 |
| 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 | $4,463 |
| Insurance | $10,500 |
| All other expenses | $0 |
| Total functional expenses | $480,270 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $483,933 |
| Savings and temporary cash investments | $100 |
| Pledges and grants receivable | $132,168 |
| Accounts receivable, net | $39,859 |
| 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 | $4,200 |
| Net Land, buildings, and equipment | $40,533 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $982 |
| Total assets | $701,775 |
| Accounts payable and accrued expenses | $22,695 |
| 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 | $22,695 |
| Net assets without donor restrictions | $474,789 |
| Net assets with donor restrictions | $204,291 |
| 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 | $701,775 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Operation Dream Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
William & Sandy Heitz Family Found Mequon, WI PURPOSE: PROGRAMS FOR YOUNG MEN AND FAMILIES | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bridgeway Services Inc Southgate, MI | $7,192,114 | $10,954,718 |
B U I L D Incorporated Chicago, IL | $7,733,776 | $9,678,414 |
Target Area Development Corporation Chicago, IL | $1,655,349 | $7,129,614 |
Chicago Area Project Chicago, IL | $1,558,978 | $5,871,125 |
Village Ranch Inc Cokato, MN | $10,081,329 | $6,437,823 |
Tomorrows Children Inc Waupaca, WI | $2,261,375 | $3,285,305 |
Little Sand Group Homes Remer, MN | $1,374,248 | $1,657,348 |
Court Appointed Special Advocates Of Cook County Chicago, IL | $248,189 | $1,570,983 |
Cook County Southland Juvenile Justice Council Park Forest, IL | $389,534 | $1,407,474 |
Wai-Iam Inc Lansing, MI | $1,302,963 | $1,221,678 |
United Stand Chicago, IL | $5,251,766 | $1,050,164 |
Lakes Center For Youth And Families Inc Forest Lake, MN | $810,622 | $1,028,410 |