Dream Big Foundation Inc
- Assets
- $3.1m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 4
- Location
- Crownsville, MD
- Founding
- 05/2018
- Data as of
- 06/2022
- EIN
- 82-3026540
Organization Overview
Dream Big Foundation Inc is located in Crownsville, MD. The organization was established in 2018. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Dream Big Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dream Big Foundation Inc 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 06/2022, Dream Big Foundation Inc generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.3%) each year.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO STRENGTHEN THE PERFORMANCE OF COMMUNITY-BASED NONPROFITS AND EFFECTIVELY INTEGRATE THEM TO ACHIEVE LIFE CHANGING RESULTS FOR CHILDREN AND YOUTH LIVING IN UNDERSERVED BALTIMORE NEIGHBORHOODS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STRENGTHENED THE PERFORMANCE OF COMMUNITY-BASED NONPROFITS AND EFFECTIVELY INTEGRATED THEM TO ACHIEVE LIFE CHANGING RESULTS FOR CHILDREN AND YOUTH LIVING IN UNDERSERVED BALTIMORE NEIGHBORHOODS.
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 |
|---|---|---|---|
Sean F Murphy Sr Founder/boar | Officer | 10 | $0 |
Ricky Levine Vice Chairma | Officer | 10 | $0 |
Stephen W Shaw Board Member | Officer | 10 | $0 |
Doug Austin Board Member | Officer | 10 | $0 |
Michelle Becote-Jackson Board Member | Officer | 10 | $0 |
Steve Horn Board Member | Officer | 10 | $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 | $1,339,525 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,339,525 |
| Total Program Service Revenue | $0 |
| Investment income | $62,817 |
| 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 | $1,405,342 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $485,949 |
| Pension plan accruals and contributions | $19,541 |
| Other employee benefits | $0 |
| Payroll taxes | $33,649 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40 |
| Fees for services: Accounting | $24,864 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $96,174 |
| Advertising and promotion | $5,232 |
| Office expenses | $31,204 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,624 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $511 |
| Insurance | $10,397 |
| All other expenses | $189,606 |
| Total functional expenses | $1,379,738 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $562,318 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $200,000 |
| 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 | $3,201 |
| Investments—publicly traded securities | $2,358,423 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,123,942 |
| 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 | $863,462 |
| Total liabilities | $863,462 |
| Net assets without donor restrictions | $2,260,480 |
| 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 | $3,123,942 |
Grants Awarded
Over the last fiscal year, Dream Big Foundation Inc has awarded $275,113 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
AMPLIFY EDUCATION INC PURPOSE: LITERACY PROGRAM | $33,000 |
CHANCE FOR LIFE FOUNDATION PURPOSE: CANCER RESEARCH | $7,500 |
HUMANIM INC PURPOSE: AFTER SCHOOL PROGRAM | $226,613 |
THE HONORABLE WILLIAM H MURPHY &MADELINE W MURPHY SCHOLARSHIP FUND PURPOSE: AUTHOR PRESENTATION | $8,000 |