Dream Factory Inc
- Assets
- $4.9m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 02/1991
- Data as of
- 08/2023
- EIN
- 61-1220742
Organization Overview
Dream Factory Inc is located in Louisville, KY. The organization was established in 1991. According to its NTEE Classification (E86) the organization is classified as: Patient & Family Support, under the broad grouping of Health Care and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Dream Factory 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 08/2023, Dream Factory Inc generated $2.9m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $2.7m during the year ending 08/2023. While expenses have increased by 3.8% per year over the past 5 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
GRANTING OF DREAMS TO CRITICALLY AND/OR CHRONICALLY ILL CHILDREN
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTING OF DREAMS TO CRITICALLY OR CHRONICALLY ILL CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Mckenzie National Director/ceo | Officer | 5 | $0 |
Tim Bach National President | OfficerTrustee | 3.6 | $0 |
Gayla Lane National Vice President | OfficerTrustee | 3.6 | $0 |
Laura Walitsky National Secretary | OfficerTrustee | 3.6 | $0 |
William O'bryan National Treasurer | OfficerTrustee | 3.6 | $0 |
Jennifer Hurst Chapter Representative | Trustee | 3.6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,814,879 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,848,957 |
| Noncash contributions included in lines 1a–1f | $1,130,262 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,663,836 |
| Total Program Service Revenue | $0 |
| Investment income | $55,744 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$16,251 |
| Net Income from Fundraising Events | -$786,714 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,916,615 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,289,081 |
| 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 | $29,647 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,732 |
| Advertising and promotion | $7,695 |
| Office expenses | $50,113 |
| Information technology | $1,191 |
| Royalties | $0 |
| Occupancy | $27,562 |
| Travel | $312 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $38,520 |
| Interest | $0 |
| Payments to affiliates | $184,937 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $20,228 |
| All other expenses | $205 |
| Total functional expenses | $2,713,099 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,320,493 |
| Savings and temporary cash investments | $1,670,206 |
| 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 | $2,072 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,949,536 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,942,307 |
| Accounts payable and accrued expenses | $62,596 |
| 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 | $0 |
| Total liabilities | $62,596 |
| Net assets without donor restrictions | $4,838,096 |
| Net assets with donor restrictions | $41,615 |
| 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 | $4,942,307 |