Dream Blue Foundation
- Assets
- $1.0m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Richardson, TX
- Founding
- 04/2013
- Data as of
- 12/2022
- EIN
- 46-0699437
Organization Overview
Dream Blue Foundation is located in Richardson, TX. The organization was established in 2013. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dream Blue 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, Dream Blue Foundation generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $772.1k during the year ending 12/2022. While expenses have increased by 0.6% 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.
Since 2015, Dream Blue Foundation has awarded 55 individual grants totaling $5,144,898. 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
DREAM BLUE FOUNDATION, WITH ASSISTANCE OF BTI SOLUTIONS, INC, PARTNERS WITH ORGANIZATIONS AROUND THE GLOBE TO SUPPORT INITIATIVES AND PROGRAMS THAT RESPOND IN MEANINGFUL AND HOLISTIC WAYS TO MEET THE NEEDS AND PRIORITIES OF VULNERABLE PEOPLE AROUND THE GLOBE PRIMARILY THROUGH GRANTS. THE ORGANIZATION FOCUSES IN THE AREAS OF EDUCATION, HEALTHCARE, LIVES OF CHILDREN AND YOUTH, AND COMMUNITY DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sang Hun Lee Director | 0.1 | $0 | |
Seungah Sarah Lee Director | 0.1 | $0 | |
Seungeun Susan Lee Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,064,776 |
| Interest on Savings | $0 |
| 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 | $1,064,776 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $740 |
| Total operating and administrative expenses | $740 |
| Contributions, gifts, grants paid | $771,408 |
| Total expenses and disbursements | $772,148 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,042,058 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $1,042,058 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Dream Blue Foundation has awarded $771,408 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
FOREFRONT CHARITY PURPOSE: TO FUND THE CHARITABLE PURPOSES OF THE FOUNDATION | $50,000 |
GRAD RESOURCES PURPOSE: TO FUND THE CHARITABLE PURPOSES OF THE FOUNDATION | $30,000 |
IGNIS COMMUNITY PURPOSE: TO ASSIST THE ORGANIZATION IN PURCHASING EQUIPMENT FOR ITS PYSRC MISSION AND TO AIDE THE ORGANIZATION IN ITS MISSION TO PROVIDE ADEQUATE TREATMENT TO PATIENTS AND TO TRAIN DOCTORS IN NON-SURGICAL SPINE TREATMENT AND PEDIATRIC REHABILITATION BEST PRACTICES. | $66,110 |
INSTITUTE OF ASIAN CULTURE & DEVELOPMENT PURPOSE: TO FUND THE CHARITABLE PURPOSES OF THE FOUNDATION | $120,000 |
JAKARTA INTERNATIONAL UNIVERSITY PURPOSE: DONATION FOR COLLEGE BUILDING CONSTRUCTION | $300,000 |
LOVE PAKISTAN PURPOSE: HOSPITAL EQUIPMENT AND OPERATIONS | $98,400 |