Dream Worthy
- Assets
- $778.9k
- Revenue
- $58.3k
- Investments
- $8.5k
- Employees
- 0
- Location
- Boulder, CO
- Founding
- 04/2018
- Data as of
- 12/2021
- EIN
- 82-4821267
Organization Overview
Dream Worthy is located in Boulder, CO. The organization was established in 2018. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dream Worthy 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, Dream Worthy generated $58.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (48.4%) each year. All expenses for the organization totaled $38.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BREAK DOWN BARRIERS TO ENTREPRENEURSHIP WORLDWIDE.
Describe the Organization's Program Activity:
WE HAVE BEEN VERY FOCUSED ON OUR MENA WOMEN'S PROGRAM WHICH TEACHES RURAL WOMEN IN THE MIDDLE EAST NORTH AFRICA REGION TO CODE AS FREELANCE ENTREPRENEURS. THE MOST SIGNIFICANT CHANGE WAS MOVING TO ONLINE TEACHING, BUT WE MADE PROGRESS IN FINDING CHAMPIONS IN TUNISIA, EGYPT AND SAUDI ARABIA WHICH SHOULD LAUNCH PILOTS IN 2021. WE ALSO OPENED DISCUSSIONS WITH THE COLORADO DEPARTMENT OF CORRECTIONS WHO HEARD ABOUT THE PROGRAM AND THOUGHT IT WOULD BE GREAT TO TEACH IT TO PAROLEES FOR AN ALTERNATIVE JOB CREATION. IN 2022, THE INITIATIVE MANAGER SECURED SERVICES AND FUNDING FOR OUR LOCAL CHAMPIONS, AND BROUGHT PARTNERS IN TO HELP.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lu Cordova Chair | OfficerTrustee | 10 | $7,500 |
John Hill CFO | OfficerTrustee | 10 | $0 |
Wendy Lea Board Member | Trustee | 1 | $0 |
Debra Conroy Board Member | Trustee | 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 | $53,544 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,544 |
| Total Program Service Revenue | $0 |
| Investment income | $72 |
| 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 | $58,261 |
| 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 | $4,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $7,501 |
| Compensation of current officers, directors, key employees. | $1,238 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,825 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,000 |
| Advertising and promotion | $9 |
| Office expenses | $9 |
| Information technology | $1,253 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,115 |
| All other expenses | -$128 |
| Total functional expenses | $38,079 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $112,923 |
| Savings and temporary cash investments | $657,507 |
| 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 | $8,465 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $778,895 |
| Accounts payable and accrued expenses | $145 |
| 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 | $145 |
| Net assets without donor restrictions | $778,750 |
| 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 | $778,895 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Dream Worthy has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Greater Kansas City Community Foundation Kansas City, MO PURPOSE: Community Improvement & Capacity Building | $15,000 |
The Community Foundation Boulder, CO PURPOSE: General Operating Support | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dreamspring Albuquerque, NM | $203,163,761 | $25,298,598 |
Seedspot Phoenix, AZ | $567,792 | $1,178,540 |
Foundation For Black Entrepreneurship Denver, CO | $394,455 | $1,255,984 |
Custer County Foundation Inc Broken Bow, NE | $7,035,087 | $2,062,629 |
Ppep Microbusiness And Housing Development Corporation Tucson, AZ | $8,046,696 | $1,849,131 |
Northern Arizona Technology & Business Incubator Flagstaff, AZ | $421,992 | $963,553 |
Community Development Financial Institution Of The Tahono Odham Sells, AZ | $21,686,771 | $728,055 |
Exponential Impact Colorado Springs, CO | $3,022,764 | $1,129,971 |
Civico Denver, CO | $298,946 | $905,043 |
Pipeline Inc Kansas City, KS | $850,172 | $659,645 |
Wyoming Womens Business Center Laramie, WY | $937,422 | $712,073 |
Tolani Lake Enterprises Inc Winslow, AZ | $480,599 | $717,239 |