Dream On 3
- Assets
- $1.6m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 16
- Location
- Charlotte, NC
- Founding
- 08/2013
- Data as of
- 06/2023
- 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 06/2023, 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 06/2023, Dream On 3 generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 23.5% each year . All expenses for the organization totaled $2.3m during the year ending 06/2023. While expenses have increased by 22.2% per year over the past 6 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
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 OVER 200 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 LIFE-ALTERING 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 HUNDREDS OF STUDENTS THAT HAVE SERVED ON 43 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 HUNDREDS OF STUDENTS ON 30 JR DREAM TEAMS ACROSS VARIOUS HIGH SCHOOLS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brandon Lindsey President/ceo/co-Founder | OfficerTrustee | 15 | $0 |
Steve O'brien Vice President | OfficerTrustee | 5 | $0 |
Dale Fite Treasurer | OfficerTrustee | 2 | $0 |
Ben Allred Chair | OfficerTrustee | 1 | $0 |
Dan Davis Board Member | Trustee | 1 | $0 |
Julia Whitcomb Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,270,695 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,175,739 |
| Noncash contributions included in lines 1a–1f | $219,733 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,446,434 |
| Total Program Service Revenue | $0 |
| Investment income | $15,078 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $48,526 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,510,038 |
| 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 | $619,776 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $91,302 |
| Payroll taxes | $253,564 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,473 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $90,413 |
| Advertising and promotion | $133,595 |
| Office expenses | $109,523 |
| Information technology | $59 |
| Royalties | $0 |
| Occupancy | $35,396 |
| Travel | $375,525 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $847 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,971 |
| Insurance | $5,443 |
| All other expenses | $34,287 |
| Total functional expenses | $2,284,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $675,948 |
| Savings and temporary cash investments | $3,000 |
| Pledges and grants receivable | $259,617 |
| 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 | $10,500 |
| Net Land, buildings, and equipment | $13,916 |
| Investments—publicly traded securities | $55,658 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $576,784 |
| Other assets | $0 |
| Total assets | $1,595,423 |
| Accounts payable and accrued expenses | $97,550 |
| 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 | $591,589 |
| Total liabilities | $689,139 |
| Net assets without donor restrictions | $841,684 |
| Net assets with donor restrictions | $64,600 |
| 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 | $1,595,423 |