Dreams Will Come True Foundation
- Assets
- $760.0k
- Revenue
- $392.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Sunnyvale, CA
- Founding
- 09/2015
- Data as of
- 12/2020
- EIN
- 47-4510419
Organization Overview
Dreams Will Come True Foundation is located in Sunnyvale, CA. The organization was established in 2015. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dreams Will Come True Foundation 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 12/2020, Dreams Will Come True Foundation generated $392.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.6% each year . All expenses for the organization totaled $142.9k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE NON-PROFIT ORGANIZATION MISSION IS TO HELP PEOPLE REACH THEIR DREAMS BY PROVIDING EDUCATION AND ANY NECESSARY TOOLS. TO ACHIEVE THIS MISSION, WE WILL PROVIDE DIFFERENT EDUCATIONAL PLATFORMS BASED ON THE NEEDS OF THE PARTICIPANTS. FOR THE UNDER-PRIVILEGED WHO HAVE DESIRE TO IMPROVE THEIR LIVES, WE WILL PROVIDE A PLATFORM FOR THEM TO ACQUIRE NECESSRY REDENTIALS OR SKILLS TO ENABLE THEM TO REACH HIGHER SOCIOECONOMIC STATUS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NON-PROFIT ORGANIZATION MISSION IS TO HELP PEOPLE REACH THEIR DREAMS BY PROVIDING EDUCATION AND ANY NECESSARY TOOLS. TO ACHIEVE THIS MISSION, WE WILL PROVIDE DIFFERENT EDUCATIONAL PLATFORMS BASED ON THE NEEDS OF THE PARTICIPANTS. FOR THE UNDER-PRIVILEGED WHO HAVE DESIRE TO IMPROVE THEIR LIVES, WE WILL PROVIDE A PLATFORM FOR THEM TO ACQUIRE NECESSRY REDENTIALS OR SKILLS TO ENABLE THEM TO REACH HIGHER SOCIOECONOMIC STATUS.
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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 | $391,901 |
| Noncash contributions included in lines 1a–1f | $100,709 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $391,901 |
| Total Program Service Revenue | $0 |
| Investment income | $65 |
| 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 | $391,966 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $71,124 |
| Grants and other assistance to domestic individuals. | $9,000 |
| 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 | $0 |
| 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 | $0 |
| 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 | $243 |
| 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 | $3,373 |
| Total functional expenses | $142,861 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $382,015 |
| Savings and temporary cash investments | $277,322 |
| 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 | $100,709 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $760,046 |
| 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 | $24,000 |
| Total liabilities | $24,000 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $736,046 |
| 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 | $760,046 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Dreams Will Come True Foundation has recieved totaling $75,500.
| Awarding Organization | Amount |
|---|---|
Impact Austin Foundation Austin, TX PURPOSE: COMMUNITY | $75,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Terros Inc Phoenix, AZ | $47,004,822 | $84,266,385 |
Community Research Foundation Inc San Diego, CA | $20,745,009 | $77,081,989 |
Independent Order Of Odd Fellows San Jose, CA | $263,514,735 | $67,258,563 |
Gallo Employee Benefit Trust Modesto, CA | $5,341,212 | $62,468,490 |
Arizona Behavioral Health Corporation Phoenix, AZ | $19,459,678 | $40,892,493 |
Turning Point Usa Inc Phoenix, AZ | $7,306,560 | $39,843,289 |
Central City Community Health Center Monterey Park, CA | $37,966,009 | $52,273,838 |
Koret Foundation San Francisco, CA | $515,520,670 | $39,088,314 |
South Coast Childrens Society Inc Mission Viejo, CA | $13,233,032 | $36,840,141 |
Partnerships To Uplift Communities Valley Burbank, CA | $45,863,273 | $39,395,312 |
Lake County Tribal Health Consortium Inc Lakeport, CA | $69,377,072 | $39,633,665 |
Child And Family Service Ewa Beach, HI | $20,885,160 | $29,767,300 |