Jersey Shore Dream Center Inc
- Assets
- $546.6k
- Revenue
- $222.4k
- Investments
- $0.0
- Employees
- 5
- Location
- Belmar, NJ
- Founding
- 05/2013
- Data as of
- 12/2022
- EIN
- 45-4840107
Organization Overview
Jersey Shore Dream Center Inc is located in Belmar, NJ. The organization was established in 2013. According to its NTEE Classification (F60) the organization is classified as: Counseling, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 12/2022, Jersey Shore Dream Center Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jersey Shore Dream Center 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 12/2022, Jersey Shore Dream Center Inc generated $222.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $200.5k during the year ending 12/2022. 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
OUR MISSION IS TO GIVE HOPE TO THE HOPELESS, FOOD TO THE HUNGRY, CLOTHES TO THE NEEDY, AND FREEDOM IN CHRIST JESUS TO THOSE BOUND BY ADDICTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021 THE JERSEY SHORE DREAM CENTER SERVED THE COMMUNITY THROUGH OUR VARIOUS FEEDING AND EDUCATIONAL PROGRAMS. THESE PROGRAMS SERVED OVER 50,000 INDIVIDUALS. WE SERVICED SINGLE MOTHERS IN OUR FAMILY RESTORATION HOME AS WELL AS MEN IN OUR TRANSITION HOME. THE DREAM CENTER ORCHESTRATED A 24 HOUR SERVICE EVENT SERVING THOUSANDS OF INDIVIDUALS THROUGH OUT ASBURY PARK. IN ADDITION WE HOSTED BLOCK PARTY BBQ'S, BACK PACK GIVEAWAYS TO OVER 1800 CHILDREN AND A HARVEST PARTY FOR THE ENTIRE COMMUNITY. DURING THE 2021 HOLIDAY SEASON WE SERVED OVER 200 TURKEYS AND GAVE OUT OVER 500 CHRISTMAS GIFTS TO CHILDREN BELOW THE POVERTY LINE IN ASBURY PARK AND THE SURROUNDING AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Isaac Friedel Trustee | Trustee | 5 | $0 |
Anthony Megaro Chairman | Trustee | 10 | $0 |
Bob Covino Treasurer | Trustee | 1 | $0 |
Diamond Friedel Secretary | Trustee | 10 | $0 |
Doug Dowd Trustee | Trustee | 1 | $0 |
Marie Butler Trustee | Trustee | 1 | $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 | $210,168 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $210,168 |
| Total Program Service Revenue | $0 |
| Investment income | $2,766 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $9,458 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $222,392 |
| 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 | $88,660 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,451 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $210 |
| Advertising and promotion | $1,465 |
| Office expenses | $252 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,800 |
| Travel | $641 |
| 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 | $12,752 |
| All other expenses | $13,963 |
| Total functional expenses | $200,525 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $546,607 |
| 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 | $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 | $546,607 |
| Accounts payable and accrued expenses | $3,195 |
| 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 | $3,195 |
| Net assets without donor restrictions | $543,412 |
| 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 | $546,607 |