Basin Dream Center For Orphans
- Assets
- $799.0k
- Revenue
- $384.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Midland, TX
- Founding
- 12/2017
- Data as of
- 12/2021
- EIN
- 82-0927815
Organization Overview
Basin Dream Center For Orphans is located in Midland, TX. The organization was established in 2017. As of 12/2021, Basin Dream Center For Orphans employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Basin Dream Center For Orphans 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, Basin Dream Center For Orphans generated $384.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 40.9% each year . All expenses for the organization totaled $244.5k during the year ending 12/2021. 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
BDCO EXISTS TO PROVIDE A SAFE AND SECURE HOUSING OPTION FOR MIDLANDS FOSTER AND HOMELESS YOUTH TO STABILIZE AND TO FIND HOPE AND HEALING
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021 A HOME WAS PURCHASED TO ACCOMADATE ADDITIONAL MALE YOUTH
PROGRAM EXPENSES FOR THE STUDENTS IN THE PROGRAM
SPECIAL EVENTS AND FIREWORKS STAND
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tina Gilliahan Exec Dir | OfficerTrustee | 40 | $52,708 |
Jeff Gillihan Program Director | OfficerTrustee | 40 | $25,875 |
Rose Mary Lopez Directors Assistant | Officer | 20 | $15,264 |
Nora Taylor Directors Assistant | Officer | 20 | $2,600 |
Julie Middlebrook President | Officer | 0.1 | $0 |
Brandy Lankford Treasurer | Officer | 0.1 | $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 | $359,702 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $359,702 |
| Total Program Service Revenue | $0 |
| Investment income | $89 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $25,123 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $384,914 |
| 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. | $96,447 |
| Compensation of current officers, directors, key employees. | $96,447 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,042 |
| Payroll taxes | $7,520 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,311 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,450 |
| Advertising and promotion | $3,866 |
| Office expenses | $6,788 |
| Information technology | $1,716 |
| Royalties | $0 |
| Occupancy | $64,419 |
| Travel | $129 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,947 |
| Interest | $0 |
| Payments to affiliates | $33 |
| Depreciation, depletion, and amortization | $28,864 |
| Insurance | $760 |
| All other expenses | $246 |
| Total functional expenses | $244,498 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $217,299 |
| Savings and temporary cash investments | $12,410 |
| 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 | $30 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $569,307 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $799,046 |
| Accounts payable and accrued expenses | $12,422 |
| 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 | $439,728 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $452,150 |
| Net assets without donor restrictions | $346,896 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $799,046 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Basin Dream Center For Orphans has recieved totaling $109,000.
| Awarding Organization | Amount |
|---|---|
Permian Basin Area Foundation Midland, TX PURPOSE: Human Services | $40,000 |
Wayne And Jo Ann Moore Charitablefoundation Midland, TX PURPOSE: OPERATING EXPENSES | $40,000 |
United Way Of Midland Inc Midland, TX PURPOSE: PROGRAM SUPPORT | $12,000 |
Carl C Anderson Sr And Marie Jo Anderson Charitable Foundation Dallas, TX PURPOSE: GENERAL OPERATIONS | $10,000 |
Denver Foundation Denver, CO PURPOSE: WINTER/HOLIDAY ASSISTANCE | $7,000 |
Henry Foundation Midland, TX PURPOSE: PROGRAM SUPPORT | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Azleway Inc Tyler, TX | $4,661,893 | $7,252,474 |
Men Of Nehemiah Inc Dallas, TX | $3,432,936 | $2,665,143 |
Lighthouse Ranch For Boys Inc Loranger, LA | $1,081,911 | $2,262,852 |
Sweeten Home For Children Inc Mullin, TX | $790,506 | $1,621,245 |
Macdonell United Methodist Childrens Services Inc Houma, LA | $2,743,265 | $1,415,376 |
Hand Up Ministries Oklahoma City, OK | $4,248,554 | $1,238,343 |
Harmony Home Childrens Advocacy Center Inc Odessa, TX | $1,032,336 | $1,310,091 |
Creative Living Inc Conway, AR | $1,269,615 | $863,125 |
New Legacy Home For Women Lubbock, TX | $2,480,327 | $574,524 |
Harry Tompson Center Inc New Orleans, LA | $733,400 | $686,552 |
Opportunity House Inc Hobbs, NM | $1,399,856 | $298,755 |
Basin Dream Center For Orphans Midland, TX | $799,046 | $384,914 |