The Dream Project A New Jersey Non-Profit Corporation
- Assets
- $7.8k
- Revenue
- $12.4k
- Investments
- $0.0
- Employees
- 1
- Location
- Union, NJ
- Founding
- 09/2016
- Data as of
- 08/2021
- EIN
- 81-3371963
Organization Overview
The Dream Project A New Jersey Non-Profit Corporation is located in Union, NJ. The organization was established in 2016. According to its NTEE Classification (W12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dream Project A New Jersey Non-Profit Corporation 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 08/2021, Dream Project A New Jersey Non-Profit Corporation generated $12.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (31.2%) each year. All expenses for the organization totaled $32.8k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (22.7%) per year over the past 2 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE DREAM PROJECT IS A NONPROFIT ADVENTURE-BASED FUNDRAISING ORGANIZATION FOR YOUNG ADULTS ON THEIR WAY TO BECOMING FUTURE PHILANTHROPISTS AND COMMUNITY LEADERS. THE DREAM PROJECT'S MISSION IS EMPOWERING YOUNG ADULTS TO BECOME LEADERS WITHIN THEIR COMMUNITIES THROUGH SERVICE AND CIVIC ENGAGEMENT. WE BRIDGE THE GAP BETWEEN NONPROFITS DOING GREAT WORK AND YOUNG ADULTS WHO COULD BE OF HELP TO THEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DREAM PROJECT IS A NONPROFIT ADVENTURE-BASED FUNDRAISING ORGANIZATION FOR YOUNG ADULTS ON THEIR WAY TO BECOMING FUTURE PHILANTHROPISTS AND COMMUNITY LEADERS. THE DREAM PROJECT'S MISSION IS EMPOWERING YOUNG ADULTS TO BECOME LEADERS WITHIN THEIR COMMUNITIES THROUGH SERVICE AND CIVIC ENGAGEMENT. WE BRIDGE THE GAP BETWEEN NONPROFITS DOING GREAT WORK AND YOUNG ADULTS WHO COULD BE OF HELP TO THEM.
THOSE BETWEEN 18-25 CAN COMMIT TO A YEAR OF FUNDRAISING AND HANDS-ON VOLUNTEER WORK BEFORE ULTIMATELY BIKINH ACROSS THE COUNTRY IN THE NAME OF A LOCAL CHARITY DOIN GWORK IN THEIR NEIGHBORHOOD. OUR RIDERS ENVISION, PLAN, EXECUTE, AND EMBARK ON SERVICE-ORIENTED CYCLING TRIPS STRETCHING THOUSANDS OF MILES ACROSS THE COUNTRY. THEY FUNDRAISE, VOLUNTEER, AND RAISE AWARENESS FOR A LOCAL CHAIRTY OF THEIR CHOOSING OVER THE COURSE OF AN ACADEMIC YEAR. EACH PARTICIPANT RAISES BETWEEN 2,000-4,000, VOLUNTEERS ONE HUNDRED HOURS WITH THEIR CHARITABLE PARTNER, AND ULTIMATELY TAKES OFF ON A TRIP RANING FROM TWO WEEKS TO TWO MONTHS.
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PDF Copies of 990 Filings
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,664 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,664 |
| Total Program Service Revenue | $7,699 |
| Investment income | $0 |
| 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 | $12,363 |
| 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. | $11,417 |
| Compensation of current officers, directors, key employees. | $11,417 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,250 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $70 |
| Office expenses | $577 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,056 |
| Travel | $1,298 |
| 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 | $0 |
| Insurance | $4,491 |
| All other expenses | $0 |
| Total functional expenses | $32,750 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,818 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,818 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $7,818 |
| Total liabilities and net assets/fund balances | $7,818 |
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