Dreams With Wings Inc
- Assets
- $4.1m
- Revenue
- $5.8m
- Investments
- $45.4k
- Employees
- 180
- Location
- Louisville, KY
- Founding
- 12/2000
- Data as of
- 06/2022
- EIN
- 61-1371540
Organization Overview
Dreams With Wings Inc is located in Louisville, KY. The organization was established in 2000. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 06/2022, Dreams With Wings Inc employed 180 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dreams With Wings 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 06/2022, Dreams With Wings Inc generated $5.8m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $4.8m during the year ending 06/2022. While expenses have increased by 2.9% per year over the past 3 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPOWER INDIVIDUALS WITH INTELLECTUAL DISABILITIES, DEVELOPMENTAL DISABILITIES, AND AUTISM AS THEY RECOGNIZE THEIR STRENGTHS, CONTRIBUTE TO THEIR COMMUNITY AND PURSUE THEIR DREAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED HOUSING AND COMMUNITY SUPPORT SERVICES TO INDIVIDUALS WITH INTELLECTUAL DISABILITIES, DEVELOPMENTAL DISABILITIES AND AUTISM.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mitzi Wyrick Director | Trustee | 1 | $0 |
Joe Ammerman Vice President | OfficerTrustee | 1 | $0 |
David Harris Director | Trustee | 1 | $0 |
Mike Marra Director | Trustee | 1 | $0 |
Debby Sexton Treasurer | OfficerTrustee | 1 | $0 |
Sean Downing Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $36,160 |
| Related organizations | $0 |
| Government grants | $662,496 |
| All other contributions, gifts, grants, and similar amounts not included above | $484,129 |
| Noncash contributions included in lines 1a–1f | $81,293 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,182,785 |
| Total Program Service Revenue | $4,391,505 |
| Investment income | $5,285 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $250 |
| Net Income from Fundraising Events | -$6,613 |
| Net Income from Gaming Activities | $203,433 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,806,991 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $88,246 |
| Compensation of current officers, directors, key employees. | $57,360 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,568,601 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $176,999 |
| Payroll taxes | $197,712 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $131,761 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $60,257 |
| Advertising and promotion | $16,793 |
| Office expenses | $174,649 |
| Information technology | $8,898 |
| Royalties | $0 |
| Occupancy | $221,811 |
| Travel | $42,713 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $125 |
| Interest | $21,692 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $109,690 |
| Insurance | $104,130 |
| All other expenses | $108,385 |
| Total functional expenses | $4,791,676 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,123,318 |
| Savings and temporary cash investments | $15,855 |
| Pledges and grants receivable | $187,850 |
| Accounts receivable, net | $469,066 |
| 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 | $36,536 |
| Net Land, buildings, and equipment | $1,783,379 |
| Investments—publicly traded securities | $461,362 |
| Investments—other securities | $45,439 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,152 |
| Total assets | $4,126,957 |
| Accounts payable and accrued expenses | $477,933 |
| 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 | $314,130 |
| Unsecured mortgages and notes payable | $540,625 |
| Other liabilities | $0 |
| Total liabilities | $1,332,688 |
| Net assets without donor restrictions | $2,587,798 |
| Net assets with donor restrictions | $206,471 |
| 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 | $4,126,957 |