American Family Insurance Dreams Foundation Inc
- Assets
- $14.3m
- Revenue
- $25.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, WI
- Founding
- 09/2015
- Data as of
- 12/2022
- EIN
- 47-4493142
Organization Overview
American Family Insurance Dreams Foundation Inc is located in Madison, WI. The organization was established in 2015. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Family Insurance Dreams Foundation 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 12/2022, American Family Insurance Dreams Foundation Inc generated $25.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $15.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, American Family Insurance Dreams Foundation Inc has awarded 109 individual grants totaling $83,523,616. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE CHARITABLE CONTRIBUTIONS PART XV. THE FOUNDATION'S PRIMARY ACTIVITIES INCLUDE A SCHOLARSHIP PROGRAM (STARTED IN 2016), COMMUNITY GRANTS PROGRAM (STARTED IN 2015), AND EMPLOYEE AND AGENT MATCHING GIFT PROGRAMS (STARTED IN 2016). IN 2022, THE DREAMS FOUNDATION APPROVED A 2.5M DONATIOLN TO THE CENTER FOR BLACK EXCELLENCE AND CULTURE. THE CENTER IS A NEW INSPIRATIONAL COMMUNITY SPACE THAT WILL CELEBRATE BLACK ACHIEVEMENT AND SUPPORT EDUCATION, ENTREPRENEURSHIP, ARTS AND MORE. THE DREAMS FOUNDATION INVESTED MORE THAN 3.6M DIRECTED BY NEARLY 4,300 EMPLOYEES AND AGENCY OWNERS. AMERICAN FAMILY INSURANCE DREAMS FOUNDATION CONTINUES TO OFFER ITS DEPENDENT SCHOLARSHIP PROGRAM. IN 2022, WE ADDED 72 NEW SCHOLARSHIPS AWARDEES AND FOR A TOTAL OF 281 SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William B Westrate President | 0 | $0 | |
Troy Van Beek Treasurer | 0 | $0 | |
David C Holman Secretary | 0 | $0 | |
Peter Settel Director | 0 | $0 | |
Telisa Yancy Director | 0 | $0 | |
Elica Azali Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,473,598 |
| Interest on Savings | $0 |
| Dividends & Interest | $50,028 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,702,749 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $25,226,375 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,632 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $814,107 |
| Total operating and administrative expenses | $1,164,088 |
| Contributions, gifts, grants paid | $14,482,135 |
| Total expenses and disbursements | $15,646,223 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,355,105 |
| Savings and temporary cash investments | $11,779,652 |
| 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 | $114,351 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5,023 |
| Total assets | $14,254,131 |
| Accounts payable and accrued expenses | $51,419 |
| Grants payable | $10,961,560 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $11,012,979 |
Grants Awarded
Over the last fiscal year, American Family Insurance Dreams Foundation Inc has awarded $17,404,421 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
CHARITABLES PURPOSE: SEE ATTACHMENT | $323,650 |
EMPLOYEE AGENT ENGAGEMENT CASH PURPOSE: SEE ATTACHMENT | $627,626 |
GRANTS CASH PURPOSE: SEE ATTACHMENT | $2,203,550 |
CHARITABLES PURPOSE: SEE ATTACHMENT | $10,000 |
EMPLOYEE AGENT ENGAGEMENT PURPOSE: SEE ATTACHMENT | $30,255 |
MATCHING PURPOSE: SEE ATTACHMENT | $839,031 |