Dustin Chamberlain Memorial Foundation Inc
- Assets
- $257.0k
- Revenue
- $279.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Siloam Springs, AR
- Founding
- 12/2014
- Data as of
- 12/2023
- EIN
- 46-1173912
Organization Overview
Dustin Chamberlain Memorial Foundation Inc is located in Siloam Springs, AR. The organization was established in 2014. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dustin Chamberlain Memorial Foundation 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 12/2023, Dustin Chamberlain Memorial Foundation Inc generated $279.8k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 19.1% each year . All expenses for the organization totaled $271.6k during the year ending 12/2023. While expenses have increased by 21.6% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
DUSTINS DREAM IS A FOUNDATION THAT HAS BEEN ESTABLISHED TO HELP FUND MISSION TRIPS AND MEDICAL MISSION PROJECTS IN POVERTY STRICKEN COUNTRIES. THE ORGANIZATION ALSO PROVIDES COLLEGE SCHOLARSHIPS TO STUDENTS WHO DESIRE TO ENTER A MEDICAL PROFESSION. OUR PRIMARY GOAL IS TO FURTHER THE KINGDOM OF GOD AND HONOR OUR SON, DUSTIN, WHO LOST HIS LIFE IN A TRAGIC HOME INVASION DECEMBER 15, 2011. DUSTIN WAS A SOPHOMORE AT BAYLOR UNIVERSITY IN THE PRE-MED PROGRAM AT THE TIME OF HIS DEATH. HE WAS VERY EXCITED ABOUT HIS FUTURE AND SERVING OTHERS. WE ARE HOPING, THROUGH DUSTINS DREAM, TO ACCOMPLISH SOME OF THE THINGS HERE ON EARTH THAT DUSTIN WILL NOT BE ABLE TO ACCOMPLISH. DUSTIN WAS FOCUSED ON HELPING TO MEET MEDICAL NEEDS AND HAD AN INTEREST IN BEING INVOLVED IN MISSIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DUSTINS DREAM IS A FOUNDATION THAT HAS BEEN ESTABLISHED TO PROVIDE COLLEGE SCHOLARSHIPS FOR STUDENTS DESIRING TO ENTER THE MEDICAL PROFESSION AND TO ASSIST WITH MEDICAL MISSION PROJECTS IN THIRD WORLD COUNTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danae Chamberlain Director | Trustee | 40 | $45,000 |
Gary Comiskey Director | Trustee | 1 | $0 |
Dr Carl Duncan Director | Trustee | 1 | $0 |
Deondra Chamberlain Vice Preside | Officer | 10 | $0 |
Don Chamberlain President | Officer | 10 | $0 |
Meredith Tharp Secretary | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $75,720 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $208,411 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $284,131 |
| Total Program Service Revenue | $0 |
| Investment income | $130 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$4,477 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $279,784 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $99,572 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $45,000 |
| Compensation of current officers, directors, key employees. | $22,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,442 |
| Fees for services: Management | $0 |
| 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 | $5,494 |
| Office expenses | $10,881 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,998 |
| 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 | $259 |
| Insurance | $0 |
| All other expenses | $2,202 |
| Total functional expenses | $271,582 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $181,412 |
| Savings and temporary cash investments | $73,063 |
| 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 | $2,500 |
| 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 | $256,975 |
| Accounts payable and accrued expenses | $763 |
| 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 | $763 |
| Net assets without donor restrictions | $256,212 |
| 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 | $256,975 |