Dream On 3
- Assets
- $751.5k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 16
- Location
- Charlotte, NC
- Founding
- 08/2013
- Data as of
- 06/2022
- EIN
- 46-1988039
Organization Overview
Dream On 3 is located in Charlotte, NC. The organization was established in 2013. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), under the broad grouping of Health Care and related organizations. As of 06/2022, Dream On 3 employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dream On 3 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 06/2022, Dream On 3 generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.0% each year . All expenses for the organization totaled $1.5m during the year ending 06/2022. While expenses have increased by 19.0% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO MAKE DREAMS COME TRUE FOR CHILDREN WITH CHRONIC ILLNESSES, DEVELOPMENTAL DISABILITIES, OR LIFE-ALTERING CONDITIONS BY CREATING EXPERIENCES OF JOY AND MAGIC THROUGH THE WORLD OF SPORTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DREAM EXPERIENCES - THE DREAM EXPERIENCE PROGRAM SERVES INDIVIDUALS LIVING WITH CHRONIC ILLNESSES, INTELLECTUAL OR DEVELOPMENTAL DISABILITIES OR LIFE-ALTERING CONDITIONS. RECIPIENTS BETWEEN THE AGES OF 5 AND 21 RECEIVE A FULLY CUSTOMIZED, VIP EXPERIENCE BUILT AROUND THEIR INTERESTS AND THEIR ULTIMATE SPORTS DREAM. DREAM ON 3 UNITES THE HEALTHCARE, BUSINESS, AND SPORTS COMMUNITIES TO CREATE THESE OVER-THE-TOP EXPERIENCES. TO DATE WE HAVE SERVED 150 DREAM RECIPIENTS AND THEIR FAMILIES.
COLLEGIATE DREAM TEAM - GROUPS OF STUDENT LEADERS THAT ARE PASSIONATE ABOUT HELPING OTHERS IN THEIR COMMUNITY WORK ALONGSIDE DREAM ON 3 TO PLAN, MARKET, FUNDRAISE, AND ULTIMATELY FULFILL THE DREAM EXPERIENCE OF AN INDIVIDUAL LIVING WITH A LIFEALTERING MEDICAL CONDITION. TEAMS CONSIST OF 15-20 STUDENTS FROM EACH COLLEGE. CDT MEMBERS GAIN A WEALTH OF REAL-WORLD CAREER AND HANDS-ON EXPERIENCE SUCH AS LEADERSHIP DEVELOPMENT, TEAM BUILDING, AND COMMUNITY ENGAGEMENT ALL WHILE HELPING SOMEONE IN THEIR COMMUNITY. THE PROGRAM DEVELOPS WORK-RELATED SKILLS SUCH AS MARKETING, BRANDING, PUBLIC RELATIONS, SOCIAL MEDIA, FUNDRAISING, DONOR RELATIONS, NON-PROFIT MANAGEMENT, EVENT PLANNING, AND MORE. WE HAVE WORKED WITH 520 STUDENTS THAT HAVE SERVED ON 26 CDT TEAMS ACROSS VARIOUS COLLEGE CAMPUSES.
JR. DREAM TEAM - THE JR. DREAM TEAM PROGRAM HELPS STUDENT LEADERS PLAN, FUNDRAISE, AND RALLY THE SCHOOL TO SUPPORT A FELLOW CLASSMATE LIVING WITH A LIFE-ALTERING CONDITION. STUDENTS WORK WITH FACULTY MEMBERS AND DREAM ON 3 STAFF TO RALLY THE ENTIRE HIGH SCHOOL IN SUPPORT OF THEIR DREAM RECIPIENT. DREAM ON 3 HAS FOUND THAT WHEN ENTIRE SCHOOL AND SUPPORTING COMMUNITY UNITE IN THE SPIRIT OF INCLUSION, THE RESULT IS LIFE-CHANGING. WE HAVE WORKED WITH 312 STUDENTS ON 26 JR DREAM TEAMS ACROSS VARIOUS HIGH SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leesa Bain Outgoing COO | Officer | 40 | $106,369 |
Brandon Lindsey President/ceo/co-Founder | OfficerTrustee | 15 | $0 |
Dale Fite Board Member/treasurer | OfficerTrustee | 2 | $0 |
Steve O'brien Vice President | OfficerTrustee | 5 | $0 |
Ben Allred Chair | OfficerTrustee | 1 | $0 |
Dan Davis Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $610,640 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $703,737 |
| Noncash contributions included in lines 1a–1f | $269,573 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,314,377 |
| Total Program Service Revenue | $0 |
| Investment income | $3,311 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $897 |
| Net Income from Fundraising Events | $328,437 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,647,022 |
| 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. | $106,369 |
| Compensation of current officers, directors, key employees. | $19,948 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $385,536 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,281 |
| Payroll taxes | $145,057 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,697 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,973 |
| Advertising and promotion | $96,730 |
| Office expenses | $71,183 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,797 |
| Travel | $216,880 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,350 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,164 |
| Insurance | $6,780 |
| All other expenses | $6,937 |
| Total functional expenses | $1,485,803 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $730,005 |
| Savings and temporary cash investments | $3,000 |
| Pledges and grants receivable | $4,000 |
| 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 | $2,500 |
| Net Land, buildings, and equipment | $8,060 |
| Investments—publicly traded securities | $3,914 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $751,479 |
| Accounts payable and accrued expenses | $66,550 |
| 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 | $66,550 |
| Net assets without donor restrictions | $684,929 |
| 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 | $751,479 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Dream On 3 has recieved totaling $20,194.
| Awarding Organization | Amount |
|---|---|
Ephraim F Gildor Foundation Aspen, CO PURPOSE: EDUCATION | $6,940 |
Thrivent Financial For Lutherans Minneapolis, MN PURPOSE: General Support | $5,672 |
Mody Foundation 7pwc0500 Mclean, VA PURPOSE: GENERAL OPERATING | $5,150 |
Stone Family Foundation Inc Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $1,000 |
True Homes Foundation Inc Monroe, NC PURPOSE: GENERAL SUPPORT | $400 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $252 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Careteam Plus Inc Conway, SC | $12,276,061 | $18,891,024 |
Whitfield Healthcare Foundation Inc Dalton, GA | $80,346,613 | $10,956,602 |
Florida Laborers Health Fund Goodlettsville, TN | $21,527,387 | $8,809,889 |
National Organization Of Life And Health Insurance Guaranty Assocs Herndon, VA | $20,054,477 | $6,345,188 |
Roper St Francis Foundation Ladson, SC | $53,287,068 | $15,997,832 |
West Tennessee Healthcare Foundation Jackson, TN | $50,344,324 | $8,274,920 |
Pqa Inc Alexandria, VA | $9,185,809 | $6,455,435 |
National Medical Fellowships Inc alexandria, VA | $7,616,684 | $5,946,697 |
National Automobile Dealers Association Health Benefit Plan Tysons, VA | $274,352 | $3,896,581 |
Life And Health Insurance Foundation For Education Arlington, VA | $4,929,760 | $3,872,608 |
Piedmont Care Inc Spartanburg, SC | $2,595,965 | $3,204,835 |
Carolina-Virginia Ufcw & Employers Health Benefit Fund Norfolk, VA | $753,587 | $3,174,906 |