Brees Dream Foundation
- Assets
- $602.2k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Independence, OH
- Founding
- 02/2004
- Data as of
- 12/2021
- EIN
- 56-2380198
Organization Overview
Brees Dream Foundation is located in Independence, OH. The organization was established in 2004. According to its NTEE Classification (T30) the organization is classified as: Public 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. Brees Dream 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 12/2021, Brees Dream Foundation generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.5%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (15.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Brees Dream Foundation has awarded 382 individual grants totaling $17,597,891. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVING THE QUALITY OF LIFE FOR CANCER PATIENTS, AND PROVIDE CARE, EDUCATION AND OPPORTUNITIES FOR CHILDREN AND FAMILIES IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SECOND HARVEST FOOD BANK OF GREATER NEW ORLEANS & ACADIA: PROVIDING MEALS FOR FAMILIES IN NEED
OCHSNER CLINIC GRANTS FOR WOMENS' WELLNESS
BUILD STRONG ACADEMY: FUNDING FOR ACADEMY THAT HELPS CREATE A SKILLED CONSTRUCTION WORKFORCE IN THE GREATER NEW ORLEANS AREA THROUGH HANDS ON CONSTRUCTION TRAINING AND RELATED TRADES
GRANTS TO VARIOUS 501(C)(3) ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Drew Brees President/trustee | OfficerTrustee | 5 | $0 |
John Palguta Secretary | OfficerTrustee | 1 | $0 |
Brittany Brees Vice Pres, Treasurer | OfficerTrustee | 10 | $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 | $1,029,355 |
| Noncash contributions included in lines 1a–1f | $11,700 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,029,355 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $1,029,405 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,071,621 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $750 |
| Fees for services: Accounting | $9,000 |
| 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 | $1,800 |
| 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 | $1,560 |
| Insurance | $208 |
| All other expenses | $2,523 |
| Total functional expenses | $1,088,905 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $528,088 |
| Savings and temporary cash investments | $6,757 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $63,138 |
| 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 | $292 |
| Net Land, buildings, and equipment | $3,900 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $602,175 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $402,502 |
| 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 | $402,502 |
| Net assets without donor restrictions | $199,673 |
| 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 | $602,175 |
Grants Awarded
Over the last fiscal year, Brees Dream Foundation has awarded $551,745 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
New Orleans, LA PURPOSE: TO SUPPORT WOMEN'S WELLNESS CENTER | $250,000 |
JUNIOR ACHIEVEMENT PURPOSE: TO SUPPORT TRUST YOUR CRAZY IDEAS CHALLENGE | $173,593 |
Springfield, MO PURPOSE: GENERAL PROGRAM FUNDING | $50,000 |
SHIELD 1 FOUNDATION PURPOSE: GENERAL PROGRAM FUNDING | $50,000 |
Sherman Oaks, CA PURPOSE: GENERAL PROGRAM FUNDING | $22,500 |
Chicago, IL PURPOSE: COVID19 RELIEF | $5,652 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Brees Dream Foundation has recieved totaling $110,201.
| Awarding Organization | Amount |
|---|---|
Sugar Bowl Louisiana Superdome New Orleans, LA PURPOSE: TO SUPPORT NORD'S JOE BROWN PARK THROUGH MAINTENANCE AND PROGRAMMING. | $100,000 |
Edelweiss Foundation Yonkers, NY PURPOSE: GENERAL PURPOSE | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $201 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Feeding Pennsylvania Lemoyne, PA | $10,818,120 | $21,841,545 |
University Of Louisville Real Estate Foundation Louisville, KY | $156,388,720 | $20,770,834 |
University Of Pittsburgh And Upmc Medical And Health Sciences Fdn Pittsburgh, PA | $0 | $12,874,250 |
Communtiy Foundation Of The Holland Zeeland Area Holland, MI | $102,848,837 | $16,439,772 |
Pittsburgh Promise Foundation Pittsburgh, PA | $59,585,111 | $15,082,951 |
Pennsylvania Ems Provider Foundation Harrisburg, PA | $55,116 | $0 |
The M S Hershey Foundation Hershey, PA | $64,689,691 | $17,201,612 |
Comerica Charitable Tr Detroit, MI | $75,789,432 | $13,296,605 |
New Albany Community Foundation New Albany, OH | $19,894,351 | $7,914,986 |
Porter County Government Charitable Nonprofit Foundation Inc Valparaiso, IN | $195,277,590 | $7,720,193 |
The Wayne And Joan Webber Foundation Clinton Township, MI | $34,958,708 | $9,275,748 |
United Way Of Greater Stark County Inc Canton, OH | $15,976,372 | $6,358,831 |