Connelly Dream Center
- Assets
- $1.1m
- Revenue
- $701.6k
- Investments
- $0.0
- Employees
- 5
- Location
- Lewisburg, TN
- Founding
- 04/2019
- Data as of
- 12/2023
- EIN
- 81-4667259
Organization Overview
Connelly Dream Center, operating under the name Hopetown, is located in Lewisburg, TN. The organization was established in 2019. As of 12/2023, Hopetown employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hopetown 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 12/2023, Hopetown generated $701.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 44.5% each year . All expenses for the organization totaled $611.5k during the year ending 12/2023. While expenses have increased by 44.5% 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
CONNELLY DREAM CENTER PROVIDES FOR INDIVIDUALS IN DIFFICULT AND CHALLENGING SITUATIONS WITH MEALS, FOOD, CLOTHING, FURNITURE, FINANCIAL ASSISTANCE AND CHRISTIAN COUNSELING AND SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BENEVOLENCE THROUGH A VARIED GROUP OF PROGRAMS PROVIDING NON-PERISHABLE FOOD SUPPLIES, CLOTHING, HYGIENE ITEMS, HOUSEHOLD ITEMS, FURNITURE AND FINANCIAL ASSISTANCE FOR 5,837 DIFFERENT INDIVIDUALS AND FAMILIES. OUR OBJECTIVE IS MEETING THE IMMEDIATE PHYSICAL NEEDS OF PEOPLE IN A WAY THAT INSPIRES HOPE AND LEADS TO SELF-SUFFICIENCY. INCLUDED IN THE NUMBER MENTIONED EARLIER WERE OUR PAYING FOR 245 OVERNIGHT STAYS IN LOCAL HOTELS FOR HOMELESS INDIVIDUALS AND FAMILIES. ALSO INCLUDED IN THE EARLIER NUMBER WERE UTILITY PAYMENTS FOR 131 DIFFERENT INDIVIDUALS OR FAMILIES. ADDITIONALLY, THE ORGANIZATION MADE RENT ASSISTANCE PAYMENTS FOR 110 DIFFERENT INDIVIDUALS OR FAMILIES.
MINISTRY AND OUTREACH: TABLE 4.12 PROVIDED HOT MEALS, TEACHING AND FELLOWSHIP FOR INDIVIDUALS AND FAMILIES IN NEED. BRIGHT IDEAS IS A SUMMER READING PROGRAM FOR CHILDREN IN THE COMMUNITY. THE ORGANIZATION ALSO SERVES SOME SEASONAL DINNERS FOR VALENTINE'S DAY AND THANKSGIVING. IN TOTAL, THE ORGANIZATION SERVED 5,280 HOT MEALS IN THESE PROGRAMS. OUR OBJECTIVE IS USING MEALS TO HELP FACILITATE RELATIONSHIPS THAT PROVIDE MARGINALIZED PEOPLE WITH FRIENDSHIP, COUNSEL AND A LARGER NETWORK OF RESOURCES. THE ORGANIZATION ALSO PROVIDED FREE MARRIAGE COUNSELING, FAMILY COUNSELING AND GRIEF COUNSELING (INCLUDING OFFICIATING AT FUNERALS).
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 |
|---|---|---|---|
Frank Sullivan President | OfficerTrustee | 40 | $34,350 |
Faith Dudley Board Member | Trustee | $0 | |
Peggy Hubbard Board Member | Trustee | $0 | |
William L Taylor II Secretary/tr | OfficerTrustee | $0 | |
Marie Lalonde Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $701,557 |
| Noncash contributions included in lines 1a–1f | $262,778 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $701,557 |
| Total Program Service Revenue | $0 |
| Investment income | $26 |
| 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 | $701,583 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $437,409 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $58,350 |
| Compensation of current officers, directors, key employees. | $7,715 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $32,493 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,636 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,101 |
| Office expenses | $3,748 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,207 |
| Travel | $0 |
| 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 | $5,643 |
| Insurance | $6,157 |
| All other expenses | $66 |
| Total functional expenses | $611,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $224,952 |
| Savings and temporary cash investments | $1,967 |
| Pledges and grants receivable | $100,000 |
| 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 | $1,512 |
| Net Land, buildings, and equipment | $628,415 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $108,860 |
| Total assets | $1,065,706 |
| Accounts payable and accrued expenses | $4,926 |
| 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 | $4,926 |
| Net assets without donor restrictions | $836,961 |
| Net assets with donor restrictions | $223,819 |
| 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 | $1,065,706 |