Raleigh Dream Center
- Assets
- $1.5m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 24
- Location
- Raleigh, NC
- Founding
- 03/2016
- Data as of
- 12/2023
- EIN
- 47-2509570
Organization Overview
Raleigh Dream Center is located in Raleigh, NC. The organization was established in 2016. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2023, Raleigh Dream Center employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Raleigh Dream Center 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, Raleigh Dream Center generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 54.6% each year . All expenses for the organization totaled $4.4m during the year ending 12/2023. While expenses have increased by 60.7% per year over the past 8 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 BRING HOPE AND RESTORATION THROUGH THE MESSAGE OF THE GOSPEL TO PEOPLE IN THE TRIANGLE AREA BY PROVIDING SOCIAL SERVICES AND COMMUNITY PROGRAMS TO UNDER-PRIVILEGED COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MOBILE FOOD PANTRY - THROUGH JUNE 2023, RDC CONTRACTED WITH WAKE COUNTY HUMAN SERVICES TO CONTINUE PROVIDING DAILY FOOD SUPPORT REACHING 30 LOCAL COMMUNITIES. THIS WAS A JOINT EFFORT WITH THE WAKE COUNTY FOOD INSECURITY TEAM. AFTER THIS TIME, RDC CONTINUED TO SERVE 8 LOCAL COMMUNITIES WITH FOOD, PRAYER AND OTHER NEEDS. 1,651,249 POUNDS OF FOOD WAS DISTRIBUTED DURING 2023.
DREAM CENTER DISCIPLESHIP PROGRAM - IN 2023, RDC COMPLETED THE CONSTRUCTION OF 2 NEW RECOVERY HOMES FOR MEN. AS OF DECEMBER 2023, RDC WAS ACTIVELY PREPARING ITS FIRST RECOVERY HOME FOR WOMEN WHICH OPENED IN Q1 OF 2024. THIS IS A FREE ONE-YEAR PROGRAM THAT PROVIDES HOUSING, FOOD, COUNSELING, AND PROGRAMMING TO HELP PEOPLE WALK IN SOBRIETY AND BEGIN TO PUT THE PIECES OF THEIR LIVES BACK TOGETHER. RDC IS NOW ABLE TO HOUSE 14 MEN AND 4 WOMEN IN THIS PROGRAM. DURING 2023, 35 MEN EXPERIENCED THE DCD PROGRAM AND 5 MEN GRADUATED FROM THE PROGRAM.
ADOPT-A-BLOCK - IN 2023, RDC SERVED IN 13 COMMUNITIES WITH ITS SATURDAY ADOPT-A-BLOCK PROGRAM ASSISTING WITH FOOD, PRAYER AND OTHER NEEDS IN UNDER-RESOURCED COMMUNITIES. IN ADDITION OVER 2,500 WRAPPED CHRISTMAS GIFTS AND 1,000 BACKPACKS WERE GIVEN TO CHILDREN AT ANNUAL EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeremy Porras Executive Director | Trustee | 40 | $69,000 |
Kerry Rouser Board Chair | OfficerTrustee | 7 | $0 |
Jim Shelton Board Vice Chair | OfficerTrustee | 7 | $0 |
Nick Murphy Board Treasurer | OfficerTrustee | 7 | $0 |
Jeanette Stephenson Board Secretary | OfficerTrustee | 7 | $0 |
Rob Zelem Board Member | Trustee | 7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $173,224 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,455,531 |
| Noncash contributions included in lines 1a–1f | $2,501,059 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,628,755 |
| Total Program Service Revenue | $5,700 |
| Investment income | $13,681 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $10,310 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,658,446 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,352,723 |
| 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 | $447,140 |
| Pension plan accruals and contributions | $8,569 |
| Other employee benefits | $47,325 |
| Payroll taxes | $35,771 |
| Fees for services: Management | $500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,613 |
| Office expenses | $13,184 |
| Information technology | $38,388 |
| Royalties | $0 |
| Occupancy | $108,699 |
| Travel | $63,366 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,802 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $61,269 |
| Insurance | $14,032 |
| All other expenses | $6,028 |
| Total functional expenses | $4,397,471 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,539 |
| Savings and temporary cash investments | $583,213 |
| 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 | $111,274 |
| Prepaid expenses and deferred charges | $2,023 |
| Net Land, buildings, and equipment | $706,100 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,530,149 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $1,500,402 |
| Net assets with donor restrictions | $29,747 |
| 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 | $1,530,149 |