Brees Dream Foundation
- Assets
- $345.1k
- Revenue
- $2.2m
- Investments
- $245.4k
- Employees
- 0
- Location
- Independence, OH
- Founding
- 02/2004
- Data as of
- 12/2022
- 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 12/2022, Brees Dream Foundation generated $2.2m 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 (5.3%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Brees Dream Foundation has awarded 395 individual grants totaling $20,028,134. 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
2022
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
BUILD STRONG ACADEMY: FUNDING FOR THE 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
OCHSNER CLINIC GRANTS FOR COMMUNITY HEALTH EXPANSION PROJECT AND WOMEN'S WELLNESS.
JUNIOR ACHIEVEMENT FOUNDATION TO HELP YOUNG PEOPLE GAIN THE KNOWLEDGE AND SKILLS THEY NEED TO OWN THEIR ECONOMIC SUCCESS, PLAN FOR THEIR FUTURES, AND MAKE SMART ACADEMIC AND ECONOMIC CHOICES
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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 | $2,133,658 |
| Noncash contributions included in lines 1a–1f | $1,625,307 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,133,658 |
| Total Program Service Revenue | $0 |
| Investment income | $71 |
| 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 | $2,160,370 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,430,243 |
| 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 | $0 |
| Fees for services: Accounting | $10,750 |
| 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 | $866 |
| 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 | $292 |
| All other expenses | $3,675 |
| Total functional expenses | $2,447,386 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,845 |
| Savings and temporary cash investments | $13,974 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $49,538 |
| 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 | $2,340 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $245,411 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $345,108 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $652,503 |
| 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 | $652,503 |
| Net assets without donor restrictions | -$307,395 |
| 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 | $345,108 |
Grants Awarded
Over the last fiscal year, Brees Dream Foundation has awarded $2,430,243 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
BUILD STRONG ACADEMY PURPOSE: TO FUND THE BUILD STRONG ACADEMY IN GREATER NEW ORLEANS, LOUISIANA | $1,199,150 |
SAN DIEGO SURF SOCCER CLUB PURPOSE: GENERAL PROGRAM FUNDING | $20,000 |
KIDS JOIN THE FIGHT PURPOSE: GENERAL PROGRAM FUNDING | $10,000 |
FRIENDS OF LAFITTE GREENWAY PURPOSE: GENERAL PROGRAM FUNDING | $10,000 |
THE LEUKEMIA & LYMPHOMA FOUNDATION PURPOSE: GENERAL PROGRAM FUNDING | $10,000 |
TYLER TRENT FOUNDATION PURPOSE: GENERAL PROGRAM FUNDING | $15,000 |