D R E A M Alive Inc
- Assets
- $2.2m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 15
- Location
- Indianapolis, IN
- Founding
- 05/2002
- Data as of
- 12/2023
- EIN
- 35-2153384
Organization Overview
D R E A M Alive Inc is located in Indianapolis, IN. The organization was established in 2002. 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 12/2023, D R E A M Alive Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. D R E A M Alive 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 12/2023, D R E A M Alive Inc generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 31.6% each year . All expenses for the organization totaled $805.4k during the year ending 12/2023. While expenses have increased by 13.4% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP VULNERABLE YOUTH BREAK THE CYCLE OF POVERTY BY PROVIDING MENTORING AND CAREER DEVELOPMENT PROGRAMS FOR 6 CONTINUAL YEARS FROM 7TH THROUGH 12TH GRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFTER SCHOOL PROGRAMMING: DREAM ALIVE MENTORS VULNERABLE YOUTH TOWARDS CAREER PATHS THROUGH 6 CONTINUAL YEARS OF INTENTIONAL, DAILY PROGRAMMING. THIS RESULTS IN 250+ HOURS OF MENTORING, CAREER DEVELOPMENT AND CHARACTER DEVELOPMENT PER STUDENT, PER YEAR. IN 2023, DREAM ALIVE PROVIDED 14,891 TOTAL HOURS OF PROGRAMMING, WHICH INCLUDED 103 CAREER-BASED FIELD TRIPS. PROGRAMMING IS PROVIDED AT EACH MIDDLE SCHOOL AND HIGH SCHOOL SITE 2-3 DAYS PER WEEK. IN 2023, DREAM ALIVE WAS ON-SITE AT 3 MIDDLE SCHOOLS AND VARIOUS HIGH SCHOOLS.
DREAM AWARDS ON THE BLUE CARPET - ON MAY 4, 2023, DREAM ALIVE HOSTED ITS NEWLY UPDATED DREAM AWARDS CEREMONY AND DINNER AT THE INDIANA FARM BUREAU FOOTBALL CENTER'S GRIDIRON HALL. THIS VERY SPECIAL EVENT HONORED THE ACHIEVEMENTS OF OUR 30 GRADUATING HIGH SCHOOL SENIORS, WHILE ALSO RECOGNIZING LOCAL COMPANIES AND INDIVIDUALS WHO HAD A SIZABLE IMPACT IN OUR SCHOLARS LIVES DURING THE 2022 - 2023 SCHOOL YEAR. IN ADDITION TO GRADUATION CERTIFICATES, EACH SENIOR RECEIVED A DONATED LAPTOP FROM BASTIAN SOLUTIONS AND A BACKPACK OF GOODIES FROM DREAM ALIVE PARTNERS.
19TH ANNUAL DREAM CHRISTMAS CELEBRATION - ON DECEMBER 13, 2023, DREAM ALIVE HOSTED ITS 19TH ANNUAL DREAM CHRISTMAS CELEBRATION AT THE INDIANA FARM BUREAU FOOTBALL CENTER. OUR BIGGEST CELEBRATION TO DATE! WE HOSTED MORE THAN 500 ATTENDEES AND PROVIDED CHRISTMAS GIFTS TO 103 CHILDREN FROM THEODORE POTTER SPANISH IMMERSION SCHOOL 74 ON INDIANAPOLIS' EAST SIDE. THROUGHOUT NOVEMBER AND DECEMBER, DREAM ALIVE SCHOLARS PARTICIPATED IN A BUDGETING WORKSHOP AT REGIONS BANK, A SHOPPING DAY AT MEIJER TO PURCHASE GIFTS FOR THEIR SPONSORED CHILD AND A WRAPPING PARTY AT ONE OF DREAM ALIVE'S CORPORATE PARTNERS' OFFICE TO WRAP THEIR PRESENTS. ALL DREAM CHRISTMAS GUESTS ENJOYED DINNER PROVIDED BY CHICK-FIL-A, MUSIC FROM A LOCAL DJ, BALLOON TWISTING, A 360 PHOTO BOOTH, ARCADE AND FOOTBALL GAMES, COOKIE DECORATING, ORNAMENT CRAFTS AND PHOTOS WITH SANTA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Muller Executive Director | Officer | 40 | $89,906 |
Stephen Smith Vice President | Officer | 40 | $70,000 |
Charles Akinbola Treasurer | OfficerTrustee | 2 | $0 |
Kim Borges Secretary | OfficerTrustee | 2 | $0 |
Matt Conrad President | OfficerTrustee | 2 | $0 |
Tarik Glenn President Emeritus | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $170,008 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,993,710 |
| Noncash contributions included in lines 1a–1f | $43,467 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,163,718 |
| Total Program Service Revenue | $0 |
| Investment income | $15,573 |
| 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 | $2,179,291 |
| 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. | $159,906 |
| Compensation of current officers, directors, key employees. | $15,991 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $397,041 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,563 |
| Payroll taxes | $42,147 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,595 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $19,660 |
| Information technology | $10,617 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,374 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,147 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,869 |
| Insurance | $12,107 |
| All other expenses | $111,374 |
| Total functional expenses | $805,400 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,310,013 |
| Savings and temporary cash investments | $800,396 |
| 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 | $51,841 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,162,250 |
| Accounts payable and accrued expenses | $54,397 |
| 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 | $54,397 |
| Net assets without donor restrictions | $2,041,740 |
| Net assets with donor restrictions | $66,113 |
| 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 | $2,162,250 |