The Dream Big Foundation
- Assets
- $5.2m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Babylon, NY
- Founding
- 11/2006
- Data as of
- 12/2021
- EIN
- 61-1448766
Organization Overview
The Dream Big Foundation is located in Babylon, NY. The organization was established in 2006. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dream Big 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, Dream Big Foundation generated $6.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.6% each year . All expenses for the organization totaled $2.6m during the year ending 12/2021. While expenses have increased by 24.8% per year over the past 7 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PURSUE TAX-EXEMPT CHARITABLE PURPOSES BY DEVELOPING AND IMPLEMENTING PROJECTS THAT WILL BENEFIT THE PUBLIC AT LARGE, SPECIFICALLY FEEDING THE NEEDY FAMILIES IN NYC AT THANKSGIVING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FEEDING NEEDY FAMILIES IN NYC AT THANKSGIVING.
BROWNSVILLE ACCOMPLISHMENT IS AN INIATIVE TO HELP LOWER INCOME AREAS THROUGH EDUCATION AND ASSISTANCE WITH ENTREPENEUREAL ACTIVITIES.
FEEDING NEEDY FAMILIES IN NYC AT THANKSGIVING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Connie Locasio President | 5 | $0 | |
Robert Locasio Board Member | 2 | $0 | |
Clarissa Locasio Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,263,787 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $412 |
| Total Revenue | $6,264,199 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $7,749 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $112 |
| Printing and publications | $0 |
| Other expenses | $2,602,656 |
| Total operating and administrative expenses | $2,617,517 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,617,517 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $212,777 |
| Savings and temporary cash investments | $5,005,479 |
| 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 | $0 |
| Net Land, buildings, and equipment | $5,213 |
| Other assets | $2 |
| Total assets | $5,223,471 |
| 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 | -$94 |
| Total liabilities | -$94 |
Grants Awarded
Over the last fiscal year, The Dream Big Foundation has awarded $30,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ST VINCENT DE PAUL REGIONAL SEMINA | | | $20,000 |
Babylon, NY PURPOSE: LITERACY PROGRAM | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that The Dream Big Foundation has recieved totaling $26,355.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Human Services | $10,000 |
Katz Foundation Cherry Hill, NJ PURPOSE: CHARITABLE DONATION | $5,000 |
The Rachel & Drew Katz Foundation Cherry Hill, NJ PURPOSE: CHARITABLE DONATION | $5,000 |
Carp Family Foundation Bryn Mawr, PA PURPOSE: GENERAL USE | $3,855 |
Fridolin Charitable Tr Ua 06282006 New York, NY PURPOSE: GENERAL PURPOSE | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Springboard Collaborative Philadelphia, PA | $12,671,655 | $22,795,961 |
Christs Home Warminster, PA | $89,380,042 | $18,912,760 |
Family And Childrens Association Garden City, NY | $18,906,082 | $21,671,282 |
Innocence Project Inc New York, NY | $73,728,840 | $39,853,614 |
The Access Agency Inc Willimantic, CT | $5,450,809 | $18,469,051 |
Agency For Community Empowerment Of Nepa Scranton, PA | $6,588,255 | $19,491,125 |
Ahavat Yisroel Humanity Inc Brooklyn, NY | $8,284,254 | $21,769,721 |
Family & Childrens Agency Inc Norwalk, CT | $7,156,227 | $18,049,898 |
Catholic Family & Community Services Clifton, NJ | $3,341,340 | $18,611,591 |
Dr Gertrude A Barber In Home Services Inc Erie, PA | $4,360,447 | $17,320,654 |
Ao North America Inc Wayne, PA | $10,460,064 | $15,724,733 |
Pro Action Of Steuben And Yates Inc Bath, NY | $5,623,306 | $16,689,499 |