Team Dream Academy
- Assets
- $131.1k
- Revenue
- $150.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Sugar Land, TX
- Founding
- 01/2017
- Data as of
- 12/2023
- EIN
- 47-2256962
Organization Overview
Team Dream Academy is located in Sugar Land, TX. The organization was established in 2017. According to its NTEE Classification (N20) the organization is classified as: Camps, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Team Dream Academy 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, Team Dream Academy generated $150.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $50.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED UNIFORMS, ENTRANCE FEES, AND TRAVEL EXPENSES FOR PARTICIPATION IN BASKETBALL CAMPS AND TOURNATMENTS FOR INNER-CITY YOUTH.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $149,999 |
| 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 | $149,999 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,681 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $3,312 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,593 |
| Total operating and administrative expenses | $50,351 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $50,351 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,114 |
| 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 | $131,114 |
| 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 | $35,200 |
| Total liabilities | $35,200 |
Grants Awarded
Over the last fiscal year, Team Dream Academy has awarded $7,200 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MICAH WILLIAMS PURPOSE: TUITION ASSISTANCE FOR STUDENT. | $1,250 |
MARCUS REEDY PURPOSE: TUITION ASSISTANCE FOR STUDENT. | $1,100 |
RIBET EDUCATION FUND PURPOSE: ATHLETICS UNIFORMS. | $4,850 |