Open Dreams Organization Inc
- Assets
- $111.2k
- Revenue
- $64.6k
- Investments
- $0.0
- Employees
- 0
- Location
- San Diego, CA
- Founding
- 02/2016
- Data as of
- 12/2021
- EIN
- 47-2525191
Organization Overview
Open Dreams Organization Inc is located in San Diego, CA. The organization was established in 2016. According to its NTEE Classification (Q12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Open Dreams Organization 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 12/2021, Open Dreams Organization Inc generated $64.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 49.9% each year . All expenses for the organization totaled $38.7k during the year ending 12/2021. While expenses have increased by 3.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPOWER CHILDREN AROUND THE WORLD TO OPEN OPPORTUNITIES AND REALIZE THEIR DREAMS THROUGH THE GIFT OF EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPEN DREAMS MENTORS UNDERPRIVILEGED YOUTH INTERESTED IN RECEIVING A HIGHER EDUCATION; HELPS THESE STUDENTS PREPARE FOR THE SATS, AND ANY OTHER COLLEGE EXAMS; ASSISTS STUDENTS IN COMPLETING COLLEGE APPLICATIONS, RAISES MONEY THROUGH DONATIONS AND GRANTS TO OFFER SCHOLARSHIPS FOR HIGHER EDUCATION TO UNDERPRIVILEGED YOUTH, HOSTS EVENTS TO HONOR HARD-WORKING AND AMBITIOUS YOUTH VOLUNTEERS MAKING AN IMPACT IN THEIR COMMUNITY; RECRUITS MENTORS TO ASSIST UNDERPRIVILEGED YOUTH THROUGH THE COLLEGE PREPARATION PROCESS, TUTORS UNDERPRIVILEGED STUDENTS IN MATH, ENGLISH, READING, WRITING, AND SCIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hans Kullberg Director & Secretary | OfficerTrustee | 3 | $0 |
Cristina Bernardo Director & President | OfficerTrustee | 2 | $0 |
Dominique Bernardo Director | Trustee | 0.5 | $0 |
Jim Leitner Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $64,617 |
| Noncash contributions included in lines 1a–1f | $6,800 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $64,617 |
| Total Program Service Revenue | $0 |
| Investment income | $14 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $64,631 |
| 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 | $3,450 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $830 |
| Total functional expenses | $38,705 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,584 |
| Savings and temporary cash investments | $55,574 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $111,158 |
| 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 | $290 |
| Total liabilities | $290 |
| Net assets without donor restrictions | $110,868 |
| 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 | $111,158 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Open Dreams Organization Inc has recieved totaling $5,257.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,200 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $57 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Edify San Diego, CA | $6,623,463 | $8,851,742 |
Ploughshares Fund Inc San Francisco, CA | $34,653,491 | $6,615,677 |
American Himalayan Foundation San Francisco, CA | $21,794,459 | $4,216,875 |
Ramakrishna Foundation Arcadia, CA | $1,047,373 | $3,548,174 |
Wcg Cares Carlsbad, CA | $2,144,515 | $2,918,913 |
Sustainable Sciences Institute San Francisco, CA | $1,202,077 | $2,730,574 |
Sai Global Mission Santa Clara, CA | $862,055 | $2,360,918 |
Eternal Charitable Foundation Las Vegas, NV | $228,724 | $1,904,759 |
Chances For Children Scottsdale, AZ | $1,995,339 | $2,204,866 |
Mercy Beyond Borders Santa Clara, CA | $1,165,740 | $1,401,592 |
Sitare Foundation Palo Alto, CA | $29,674,432 | $2,923,884 |
David Ortiz Childrens Fund El Segundo, CA | $2,081,002 | $1,264,173 |