Dream Blue Foundation
- Assets
- $749.4k
- Revenue
- $939.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Richardson, TX
- Founding
- 04/2013
- Data as of
- 12/2021
- 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 12/2021, Dream Blue Foundation generated $939.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $579.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Dream Blue Foundation has awarded 47 individual grants totaling $4,472,620. 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
2021
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 |
|---|---|---|---|
Seungeun Susan Lee Director | 0.1 | $0 | |
Sang Hun Lee Director | 0.1 | $0 | |
Seungah Sarah Lee Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $939,434 |
| 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 | $939,434 |
| 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 | $574 |
| Total operating and administrative expenses | $574 |
| Contributions, gifts, grants paid | $579,150 |
| Total expenses and disbursements | $579,724 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $749,430 |
| 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 | $749,430 |
| 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 $579,150 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
LOVE PAKISTAN PURPOSE: HOSPITAL EQUIPMENT AND OPERATIONS | $197,600 |
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. | $120,000 |
JAKARTA INTERNATIONAL UNIVERSITY PURPOSE: DONATION FOR COLLEGE BUILDING CONSTRUCTION | $100,000 |
New York, NY PURPOSE: TO FUND THE CHARITABLE PURPOSES OF THE FOUNDATION | $96,550 |
INSTITUTE OF ASIAN CULTURE & DEVELOPMENT PURPOSE: TO FUND THE CHARITABLE PURPOSES OF THE FOUNDATION | $50,000 |
Richardson, TX PURPOSE: TO FUND THE CHARITABLE PURPOSES OF THE FOUNDATION | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brown Foundation Inc Houston, TX | $979,120,834 | $115,841,262 |
Moody Foundation Galveston, TX | $975,031,131 | $132,742,251 |
Alice L Walton Foundation Bentonville, AR | $3,555,974,062 | $449,327,995 |
Edward N And Della L Thome Memorial Foundation Dallas, TX | $16,863,248 | $21,555,807 |
Burnett Foundation Fort Worth, TX | $195,880,351 | $2,811,908 |
Jesus Fund Little Rock, AR | $476,522,715 | $128,635,887 |
Rapier Family Foundation San Antonio, TX | $15,198 | $1,321,420 |
Dan L Duncan Family Foundation Houston, TX | $0 | $27,292,814 |
Fmh Foundation Midland, TX | $321,253,044 | $148,706,487 |
Inasmuch Foundation Oklahoma City, OK | $394,422,796 | $49,887,073 |
Ting Tsung And Wei Fong Chao Foundation Houston, TX | $26,401,006 | $21,447,473 |
William K Warren Foundation Tulsa, OK | $318,898,600 | $38,179,587 |