The Foundation For Dreamers
- Assets
- $931.1k
- Revenue
- $114.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 03/1997
- Data as of
- 12/2022
- EIN
- 74-2736860
Organization Overview
The Foundation For Dreamers is located in Austin, TX. The organization was established in 1997. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Foundation For Dreamers 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, Foundation For Dreamers generated $114.6k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $144.4k during the year ending 12/2022. While expenses have increased by 13.6% 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.
Since 2018, Foundation For Dreamers has awarded 58 individual grants totaling $748,893. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACTION AGAINST HUNGER USA (EXEMPT ORGANIZATION) - AS THE WORLD'S HUNGER SPECIALIST, OUR PRIMARY GOAL IS TO CREATE A BETTER WAY TO DEAL WITH HUNGER.
BEATRICE F. KROESCHE FOUNDATION(EXEMPT ORGANIZATION)- SUPPORTING VARIOUS SOCIAL SERVICES.
MIRACLE FOUNDATION (EXEMPT ORGANIZATION) - IMPROVING THE LIVES OF ORPHANS, INCLUDING PROVIDING BASIC SUPPORT AND EDUCATION
NOVA UKRAINE(EXEMPT ORGANIZATION)- NONPROFIT ORGANIZATION DEDICATED TO RAISING AWARENESS ABOUT UKRAINE IN THE UNITED STATES AND AROUND THE WORLD AND STRENGTHENING CIVIL SOCIETY IN UKRAINE BY PROVIDING HUMANITARIAN AID.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas S Richards Jr President | 0 | $0 | |
Cloud Richards Vice Preside | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $58,549 |
| Interest on Savings | $56,056 |
| 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 | $0 |
| Total Revenue | $114,605 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $586 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,048 |
| Total operating and administrative expenses | $5,984 |
| Contributions, gifts, grants paid | $138,407 |
| Total expenses and disbursements | $144,391 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,587 |
| Savings and temporary cash investments | $0 |
| 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 | $870,533 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $931,120 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Foundation For Dreamers has awarded $137,207 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ACTION AGAINS HUNGER USA PURPOSE: HELP END HUNGER | $125,000 |
THE BEATRICE F KROESCHE PURPOSE: SCHOLARSHIP FOR SINGLE PARENTS | $6,000 |
MIRACLE FOUNDATION PURPOSE: PROTECT AND CARE FOR CHILDREN | $3,984 |
NOVA UKRAINE PURPOSE: EMERGENCY RELIEF ASSISTING UKRAINE | $2,223 |