Dreamville Foundation
- Assets
- $161.5k
- Revenue
- $115.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 04/2012
- Data as of
- 12/2022
- EIN
- 45-3703982
Organization Overview
Dreamville Foundation is located in Los Angeles, CA. The organization was established in 2012. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dreamville Foundation 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 12/2022, Dreamville Foundation generated $115.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (17.1%) each year. All expenses for the organization totaled $131.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Dreamville Foundation has awarded 36 individual grants totaling $531,836. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOME SHELTER PROGRAM PROVIDNG HOME FOR ANONYMOUS HOMLESS PERSON(S)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jermaine Cole President | 0 | $0 | |
Melissa Heholt Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $115,112 |
| Interest on Savings | $6 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $115,118 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $17,501 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,176 |
| Depreciation | $4,384 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,906 |
| Printing and publications | $3,200 |
| Other expenses | $13,873 |
| Total operating and administrative expenses | $63,286 |
| Contributions, gifts, grants paid | $68,500 |
| Total expenses and disbursements | $131,786 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $70,583 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $85,301 |
| Other assets | $5,650 |
| Total assets | $161,535 |
| Accounts payable and accrued expenses | $809 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $809 |
Grants Awarded
Over the last fiscal year, Dreamville Foundation has awarded $68,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
DIX PARK CONSERVANCY PURPOSE: ADVANCE YOUTH EDUCATION AND WELFARE | $30,000 |
SHALOM HOUSE MINISTRIES INC PURPOSE: ADVANCE YOUTH EDUCATION AND WELFARE | $5,000 |
NORTH CAROLINA COMMUNITY FOUNDATION PURPOSE: ADVANCE YOUTH EDUCATION AND WELFARE | $10,000 |
I AM CULTURED INC PURPOSE: ADVANCE YOUTH EDUCATION AND WELFARE | $21,500 |
THE TWO SIX PROJECT PURPOSE: ADVANCE YOUTH EDUCATION AND WELFARE | $2,000 |