Dream Big Inc
- Assets
- $142.6k
- Revenue
- $772.4k
- Investments
- $0.0
- Employees
- 4
- Location
- Needham, MA
- Founding
- 08/2010
- Data as of
- 06/2022
- EIN
- 27-2204294
Organization Overview
Dream Big Inc is located in Needham, MA. The organization was established in 2010. According to its NTEE Classification (N12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Recreation & Sports and related organizations. As of 06/2022, Dream Big Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dream Big 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 06/2022, Dream Big Inc generated $772.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $766.9k during the year ending 06/2022. While expenses have increased by 8.1% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE GIRLS AND YOUNG WOMEN FROM LOW-INCOME SITUATIONS WITH THE EQUIPMENT, SPORTS ATTIRE, FEES, TRAINING AND MENTORING OPPORTUNITIES NEEDED FOR THEM TO PARTICIPATE IN SPORTS AND PHYSICAL ACTIVITIES THAT CONTRIBUTE TO THEIR HEALTH, EDUCATION AND WELL-BEING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DREAM BIG! EQUIPMENT GRANTS AND PROGRAM SCHOLARSHIPS:DURING THE YEAR ENDED JUNE 30, 2022, DREAM BIG! EQUIPMENT GRANTS AND PROGRAM SCHOLARSHIPS PROVIDED APPROXIMATELY 12,601 GIRLS, YOUNG WOMEN, AND ELEMENTARY SCHOOL CHILDREN FROM LOW INCOME SITUATIONS WITH SPORTS EQUIPMENT, UNIFORMS, ATHLETIC FOOTWEAR, SPORTS ATTIRE, PHYSICAL EDUCATION EQUIPMENT, PROGRAM AND COLLEGE SHOWCASE SCHOLARSHIPS, EDUCATION SCHOLARSHIPS, AND TRAINING FEES. DREAM BIG! WORKS TO EMPOWER GIRLS AND YOUNG WOMEN IN NEED THROUGH SPORTS AND PHYSICAL ACTIVITIES THAT CONTRIBUTE TO THEIR HEALTH, EDUCATION AND OVERALL WELL-BEING.
COLLEGE SHOWCASE & NATIONAL CHAMPIONSHIP PROGRAM SCHOLARSHIPS: DURING THE YEAR ENDED JUNE 30,2022 DREAM BIG! PROVIDED COLLEGE SHOWCASE AND NATIONAL CHAMPIONSHIP PROGRAM SCHOLARSHIPS TO OVER 340 MIDDLE AND HIGH SCHOOL FEMALE ATHLETES, FROM ECONOMICALY DISADVANTAGED COMMUNITIES, TO ENABLE THEM TO PARTICIPATE IN COLLEGE SHOWCASES AND NATIONAL CHAMPIONSHIP EVENTS, THROUGHOUT THE COUNTRY, WHERE THEY WERE ABLE TO BE SEEN BY HUNDREDS OF COLLEGE COACHES.
DREAM BIG! EMPOWERING BIG DREAMERS:DURING THE YEAR ENDED JUNE 30, 2022 DREAM BIG! WORKED FOR THE ENTIRE YEAR WITH 10 FEMALE ATHLETES THAT WERE SELECTED TO THE "DREAM BIG! EMPOWERING BIG DREAMERS PROGRAM". THE STUDENTS ARE CURRENT HIGH SCHOOL AND COLLEGIATE FEMALE ATHLETES, THAT ARE ALSO GREAT STUDENTS, BUT FROM LOW INCOME SITUATIONS. DREAM BIG! WORKS WITH THE STUDENTS FOR A MINIMUM OF ONE FULL YEAR TO PROVIDE BOTH THE ITEMS AND FEES NEEDED TO PLAY SPORTS AS WELL AS ALL OF THE ITEMS, FEES, AND GUIDANCE NEEDED FOR THEIR EDUCATION AND SCHOOL SUPPLIES. ALL ATHLETES THAT WERE FIRST SELECTED TO THIS PROGRAM IN HIGH SCHOOL ARE EITHER ALREADY ATTENDING COLLEGE OR ARE SENIORS IN HIGH SCHOOL WHO HAVE BEEN ACCEPTED TO COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Lang Director | Trustee | 1 | $0 |
Chris Carleton Director | Trustee | 1 | $0 |
John Gallant Vice Chair | OfficerTrustee | 1 | $0 |
Megan Leo MD Director | Trustee | 1 | $0 |
Matthew Putvinski Treasurer | OfficerTrustee | 1 | $0 |
Craig Morrison Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $129,702 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $664,847 |
| Noncash contributions included in lines 1a–1f | $268,583 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $794,549 |
| 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 | -$22,120 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $772,429 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $407,328 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $196,943 |
| Compensation of current officers, directors, key employees. | $21,565 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,912 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,892 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,287 |
| Advertising and promotion | $311 |
| Office expenses | $14,195 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,209 |
| Travel | $1,228 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,184 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $428 |
| Insurance | $2,981 |
| All other expenses | $0 |
| Total functional expenses | $766,927 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,849 |
| 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 | $9,887 |
| Net Land, buildings, and equipment | $4,566 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,279 |
| Total assets | $142,581 |
| Accounts payable and accrued expenses | $22,924 |
| 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 | $22,924 |
| Net assets without donor restrictions | $103,817 |
| Net assets with donor restrictions | $15,840 |
| 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 | $142,581 |