Keeping Inspired Dreams Sound Inc
- Assets
- $246.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Royal Palm Beach, FL
- Founding
- 06/2019
- Data as of
- 12/2023
- EIN
- 46-2852753
Organization Overview
Keeping Inspired Dreams Sound Inc is located in Royal Palm Beach, FL. The organization was established in 2019. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Keeping Inspired Dreams Sound 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, Keeping Inspired Dreams Sound Inc generated $83.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 63.1% each year . All expenses for the organization totaled $82.8k during the year ending 12/2023. While expenses have increased by 62.0% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION AWARDED SCHOLARSHIPS/FINANCIAL SUPPORT TO THIRTY-TWO INDIVIDUALS RELATED TO SUPPORT FOR YOUTH, TEEN AND COLLEGE SPORTS EXPENSESAND FOR TUITION AND EDUCATIONAL SUPPLIES. THE ORGANIZATION ALSO HAD THREE HIGH SCHOOL VOLUNTEERS IN THEIR PROGRAM FOR THE INDIVIDUAL'S COMMUNITY SERVICE GRADUATION REQUIREMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michele Wells President | 10 | $13,000 | |
Elizabeth Bloom Vice Preside | 10 | $13,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $83,029 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $83,029 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $26,900 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $55,889 |
| Total expenses | $82,789 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $246 |
| Other assets | $0 |
| Total assets | $246 |
| Total liabilities | $0 |
| Net assets or fund balances | $246 |