Delaware Dreams Inc
- Assets
- $615.6k
- Revenue
- $19.6k
- Investments
- $421.4k
- Employees
- 0
- Location
- Hockessin, DE
- Founding
- 03/1988
- Data as of
- 12/2022
- EIN
- 51-0301470
Organization Overview
Delaware Dreams Inc is located in Hockessin, DE. The organization was established in 1988. According to its NTEE Classification (T31) the organization is classified as: Community 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. Delaware Dreams 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, Delaware Dreams Inc generated $19.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.4%) each year. All expenses for the organization totaled $30.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 8 years. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DELAWARE DREAMS, EXTENDS SUPPORT TO DELAWARE CHILDREN WITH SERIOUS HEALTH CHALLENGES BY WORKING WITH LOCAL HOSPITALS AND OTHER CHILDREN'S ORGANIZATIONS.
DELAWARE DREAMS, INC. PARTNERS WITH THE NEMOURS/A I DUPONT HOSPITAL FOR CHILDREN TO HOST AN ANNUAL PICNIC AND HOLIDAY PARTY FOR THOSE FAMILIES IN TREATMENT FOR CHILDHOOD CANCER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Baroski Pres & Sec | 20 | $10,200 | |
Matthew P D'emilio Vice President | 20 | $0 | |
Terry Mason Treasurer | 5 | $0 | |
Elizabeth Baroski Director | 5 | $0 | |
Joseph Facciolo Director | 5 | $0 | |
Michael Baroski Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,833 |
| Interest on Savings | $247 |
| Dividends & Interest | $8,494 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,029 |
| Capital Gain Net Income | $9,029 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $19,603 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,200 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,259 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,472 |
| Total operating and administrative expenses | $20,716 |
| Contributions, gifts, grants paid | $9,379 |
| Total expenses and disbursements | $30,095 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,559 |
| Savings and temporary cash investments | $189,591 |
| 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 | $421,449 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $615,599 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Delaware Dreams Inc has awarded $9,379 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
DOWN SYNDROME ASSOCIATION OF DELAWARE PURPOSE: DONATION | $1,000 |
EXCEPTIONAL CARE FOR CHILDREN PURPOSE: DONATION | $1,122 |
HAMPTON UNIVERSITY PURPOSE: SCHOLARSHIP | $1,500 |
NEMOURS FUND FOR CHILDREN'S HEALTH PURPOSE: DONATION | $3,476 |
NORTH CAROLINA A&T STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $750 |
MOREHOUSE COLLEGE PURPOSE: SCHOLARSHIP | $1,000 |