Dreambridge Foundation Inc
- Assets
- $11.2k
- Revenue
- $69.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Salem, NH
- Founding
- 06/2019
- Data as of
- 12/2022
- EIN
- 83-4270882
Organization Overview
Dreambridge Foundation Inc is located in Salem, NH. The organization was established in 2019. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dreambridge 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 12/2022, Dreambridge Foundation Inc generated $69.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 35.7% each year . All expenses for the organization totaled $70.0k during the year ending 12/2022. While expenses have increased by 40.8% per year over the past 4 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.
Since 2020, Dreambridge Foundation Inc has awarded 22 individual grants totaling $101,589. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Roberts President/treasurer | 5 | $0 | |
Renee Brown Secretary | 3 | $0 | |
Melissa Roberts Ditector | 2 | $0 | |
Robert Korbey Director | 2 | $0 | |
Sonya Treadwell Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $69,049 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $69,049 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $2,277 |
| Other expenses | $11,222 |
| Total operating and administrative expenses | $13,499 |
| Contributions, gifts, grants paid | $56,550 |
| Total expenses and disbursements | $70,049 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,206 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,206 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Dreambridge Foundation Inc has awarded $56,550 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
TEEN CHALLENGE OF NH PURPOSE: TEEN ALCOHOL DRUG REHAB | $4,000 |
ARIA COVEY FOUNDATION PURPOSE: SUDDEN INFANT DEATH SYNDROME | $1,500 |
SOPHIA'S FUND PURPOSE: PEDIATRIC CANCER | $20,000 |
JIM HARVEY FAMILY PURPOSE: SPINAL CORD INJURY | $30,000 |
UPPER VALLEY HAVEN PURPOSE: FOOD, SHELTER HOUSING | $500 |
NH CHARITABLE FOUNDATION PURPOSE: CHARITABLE FOUNDATION-GRANTS SCHOLARSHIPS | $550 |