Beckley Dream Center Inc
- Assets
- $291.8k
- Revenue
- $197.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Beckley, WV
- Founding
- 04/2004
- Data as of
- 12/2021
- EIN
- 83-0386362
Organization Overview
Beckley Dream Center Inc is located in Beckley, WV. The organization was established in 2004. According to its NTEE Classification (K31) the organization is classified as: Food Banks & Pantries, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2021, Beckley Dream Center Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beckley Dream Center 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 12/2021, Beckley Dream Center Inc generated $197.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $157.4k during the year ending 12/2021. While expenses have increased by 4.5% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE NEEDY INDIVIDUALS AND FAMILIES SHORT-TERM ASSISTANCE WITH IMMEDIATE PROBLEMS RELATIVE TO FOOD,CLOTHING, SHELTER, UTILITIES, AND PERSONAL NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTANCE TO THE NEEDY IN THE FORM OF PRIMARY NEEDS SUCH AS FOOD AND SHELTER
ASSISTANCE TO THE NEEDY IN THE FORM OF UTILITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shelby Warden Director | OfficerTrustee | 40 | $12,667 |
Barry Clyburn Director | OfficerTrustee | 0 | $0 |
Marsha Smith President | OfficerTrustee | 20 | $0 |
Jay Quesenberry Director | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $20,469 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,730 |
| All other contributions, gifts, grants, and similar amounts not included above | $141,802 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $180,001 |
| Total Program Service Revenue | $0 |
| 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 | $17,890 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $197,891 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $57,506 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $12,667 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,648 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,726 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,730 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,025 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $58 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,661 |
| Insurance | -$387 |
| All other expenses | $0 |
| Total functional expenses | $157,391 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $249,210 |
| Savings and temporary cash investments | $40,529 |
| 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 | $2,096 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $291,835 |
| 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 | $2,822 |
| Total liabilities | $2,822 |
| Net assets without donor restrictions | $289,013 |
| 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 | $291,835 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Beckley Dream Center Inc has recieved totaling $2,030.
| Awarding Organization | Amount |
|---|---|
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $30 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maryland Food Bank Inc Baltimore, MD | $64,631,559 | $77,965,271 |
Feed More Inc Richmond, VA | $45,221,610 | $83,224,269 |
Freestore-Foodbank Inc Cincinnati, OH | $43,700,173 | $84,720,917 |
Greater Pittsburgh Community Food Bank Duquesne, PA | $60,747,557 | $86,169,867 |
Gods Pantry Food Bank Inc Lexington, KY | $29,295,834 | $63,304,764 |
Blue Ridge Area Food Bank Inc Verona, VA | $30,715,187 | $59,706,112 |
Akron-Canton Regional Foodbank Akron, OH | $38,369,339 | $52,426,998 |
Dare To Care Inc Louisville, KY | $30,243,323 | $45,399,567 |
Ohio Association Of Foodbanks Columbus, OH | $9,504,579 | $45,718,169 |
Feeding America Southwest Virginia Salem, VA | $17,067,057 | $39,793,171 |
Mountaineer Food Bank Inc Gassaway, WV | $18,523,682 | $37,219,873 |
Foodbank Of Southeastern Virginia Norfolk, VA | $23,372,380 | $36,248,967 |