Dream Associates Inc
- Assets
- $257.1k
- Revenue
- $47.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Lake Bluff, IL
- Founding
- 10/1991
- Data as of
- 12/2016
- EIN
- 36-3776510
Organization Overview
Dream Associates Inc is located in Lake Bluff, IL. The organization was established in 1991. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. Dream Associates 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 12/2016, Dream Associates Inc generated $47.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (28.4%) each year. All expenses for the organization totaled $308.2k during the year ending 12/2016. 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
2016
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST DISADVANTAGED STUDENTS TO ACHIEVE A COLLEGE EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ASSIST DISADVANTAGED STUDENTS IN ACHIEVING A COLLEGE EDUCATION. PROGRAM SERVICES INCLUDE COUNSELING FOR STUDENTS AND FAMILIES IN ADDITION TO PAYMENT OF TUITION & BOOKS ETC. THE FIRST PROJECT WAS STARTED IN 1991 WITH A 6TH GRADE CLASS IN NORTH CHICAGO. OF THE 37 DREAMERS ADOPTED, 98% EARNED THEIR HIGH SCHOOL DIPLOMA OR GED, AND OVER 80% ENTERED COLLEGE OR THE WORKFORCE. THE SECOND PROJECT BEGAN IN 2001 WITH THE ADOPTION OF AN ENTIRE KINDERGARTEN CLASS IN NORTH CHICAGO. MANY OF THESE STUDENTS HAVE BEGUN THEIR COLLEGE EDUCATION AND ARE RECEIVING SCHOLARSHIP ASSISTANCE FOR TUITION, ROOM AND BOARD, AND BOOKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adeline Morrison VP | OfficerTrustee | $0 | |
Richard Morehead President | OfficerTrustee | $0 | |
Paul Blumberg Secretary | OfficerTrustee | $0 | |
David Griffin Chair Of Sch | Trustee | $0 | |
Diana Paserba Director | Trustee | $0 | |
Karen Schmidt Director | Trustee | $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 | $47,125 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,125 |
| Total Program Service Revenue | $0 |
| Investment income | $23 |
| 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 | $47,148 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $39,275 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,774 |
| Payroll taxes | $2,963 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,400 |
| 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 | $1,875 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $2,954 |
| All other expenses | $429 |
| Total functional expenses | $308,222 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,136 |
| Savings and temporary cash investments | $244,996 |
| 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 | $257,132 |
| 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 |
| Unrestricted restricted net Assets | $12,136 |
| Temporarily restricted net Assets | $244,996 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $257,132 |
Peer Organizations
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|---|---|---|
National Equity Fund Inc Chicago, IL | $118,912,735 | $59,533,345 |
Iowa Student Loan Liquidity Corp West Des Moines, IA | $1,230,053,718 | $45,688,659 |
National Merit Scholarship Corporation Evanston, IL | $183,825,978 | $50,191,294 |
Evans Scholars Foundation Glenview, IL | $101,873,087 | $62,566,812 |
Northwestern Mutual Life Foundation Inc Milwaukee, WI | $106,326,341 | $38,353,841 |
Cardinal Services Inc Of Indiana Warsaw, IN | $28,675,162 | $26,373,889 |
Future Leaders Of Americafoundation Inc Chicago, IL | $0 | $13,517,008 |
Kansas City Scholars Inc Kansas City, MO | $5,810,030 | $12,156,402 |
Des Moines Golf And Country Club West Des Moines, IA | $24,329,403 | $13,657,003 |
Ray And Kay Eckstein Charitable Trust Paducah, KY | $358,796,277 | $128,951,866 |
Professional Convention Management Association Chicago, IL | $13,503,434 | $11,522,188 |
Sigma Chi Foundation Evanston, IL | $40,441,719 | $12,690,646 |