Dream Center Foundation A California Non Profit Corporation
- Assets
- $35.2m
- Revenue
- $26.3m
- Investments
- $0.0
- Employees
- 25
- Location
- Los Angeles, CA
- Founding
- 10/2010
- Data as of
- 06/2021
- EIN
- 41-2269686
Organization Overview
Dream Center Foundation A California Non Profit Corporation is located in Los Angeles, CA. The organization was established in 2010. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. As of 06/2021, Dream Center Foundation A California Non Profit Corporation employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dream Center Foundation A California Non Profit Corporation 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 06/2021, Dream Center Foundation A California Non Profit Corporation generated $26.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.3% each year . All expenses for the organization totaled $27.0m during the year ending 06/2021. While expenses have increased by 16.0% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
DREAM CENTRE FOUNDATION PARTNERS WITH COMMUNITY CENTERED ORGANIZATIONS TO PROVIDE HOUSING, CLOTHING, FOOD, MEDICAL CARE, TRAINING AND EDUCATION TO THE CHRONICALLY UNDERSERVED INDIVIDUALS AND COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS ARE MADE TO THE DREAM CENTER AND OTHER NON PROFIT ORGANIZATIONS THAT COLLABORATE WITH THE DREAM CENTER
PROVIDED HOUSING, CLOTHING, FOOD, MEDICAL CARE, TRAINING AND EDUCATION TO THE CHRONICALLY UNDERSERVED INDIVIDUALS AND COMMUNITIES.
CONTRIBUTIONS ARE MADE TO THE DREAM CENTER AND OTHER NON PROFIT ORGANIZATIONS THAT COLLABORATE WITH THE DREAM CENTER
PROVIDED HOUSING, CLOTHING, FOOD, MEDICAL CARE, TRAINING AND EDUCATION TO THE CHRONICALLY UNDERSERVED INDIVIDUALS AND COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pastor Tommy Barnett Chairman | OfficerTrustee | 10 | $0 |
Pastor Caroline Barnett Executive Di | OfficerTrustee | 10 | $0 |
Jack Carey Board Secret | OfficerTrustee | 5 | $0 |
Edward Duran CFO | Officer | $0 | |
Tim Hunt Director | Trustee | $0 | |
Sandra Carey Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
One City Assist Online And | 12/30/15 | $200,698 |
Gateway Communications Printing And Campa | 12/30/15 | $161,622 |
Plainjoe Studios Design Media | 12/30/15 | $128,961 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,004,453 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,782,219 |
| Noncash contributions included in lines 1a–1f | $17,860,021 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,786,672 |
| Total Program Service Revenue | $0 |
| Investment income | $522,612 |
| 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 | $26,309,284 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $22,363,020 |
| 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 | $1,211,563 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $89,621 |
| Fees for services: Management | $851,674 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $71,760 |
| Office expenses | $0 |
| Information technology | $6,577 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $195,118 |
| 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 | $600 |
| Insurance | $23,983 |
| All other expenses | $130,492 |
| Total functional expenses | $27,010,956 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $232,442 |
| Savings and temporary cash investments | $1,616 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,949,429 |
| 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 | $1,500 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $35,184,987 |
| Accounts payable and accrued expenses | $171,795 |
| 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 | $150,000 |
| Total liabilities | $321,795 |
| Net assets without donor restrictions | $34,863,192 |
| 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 | $35,184,987 |
Grants Awarded
Over the last fiscal year, Dream Center Foundation A California Non Profit Corporation has awarded $0 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DREAM CENTER IN KIND DISTRIBUTIONS | | | $0 |
DREAM CENTER MINISTRY DISTRIBUTIONS | | | $0 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Dream Center Foundation A California Non Profit Corporation has recieved totaling $5,015,921.
| Awarding Organization | Amount |
|---|---|
Food Forward Inc North Hollywood, CA PURPOSE: FRESH PRODUCE DONATION | $4,047,885 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: SUPPORT | $594,000 |
Kershaws Challenge Dallas, TX PURPOSE: PROVIDE MEDICAL TREATMENT FOR DISABLED CHILDREN. | $200,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $78,800 |
Saban Charitable Support Fund Los Angeles, CA PURPOSE: GENERAL SUPPORT | $50,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $20,694 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dream Center Foundation A California Non Profit Corporation Los Angeles, CA | $35,184,987 | $26,309,284 |
Connections For Children Los Angeles, CA | $5,706,672 | $17,856,000 |
Andre Agassi Foundation For Education Las Vegas, NV | $0 | $4,556,669 |
Give Foundation Inc San Ramon, CA | $1,969,969 | $6,365,331 |
Humangood Foundation West Duarte, CA | $80,965,021 | $8,515,405 |
Southeastern Arizona Community Action Program Inc Safford, AZ | $455,386 | $2,811,093 |
Leoa Foundation Loomis, CA | $6,988 | $2,417,315 |
Stater Bros Charities San Bernardino, CA | $4,078,783 | $4,166,835 |
Another Round Another Rally Phoenix, AZ | $1,059,733 | $1,710,638 |
Foster Family Charitable Foundation Stockton, CA | $29,209,891 | $2,797,877 |
Southern Oregon Friends Of Hospice Medford, OR | $5,540,085 | $3,156,686 |
Phoenix Suns Charities Inc Phoenix, AZ | $1,755,436 | $2,395,370 |