Dream Institute Inc
- Assets
- $2.2m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 14
- Location
- Phoenix, AZ
- Founding
- Data as of
- 06/2022
- EIN
- 84-4986263
Organization Overview
Dream Institute Inc is located in Phoenix, AZ. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 06/2022, Dream Institute Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dream Institute 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 Institute Inc generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 27.7% each year . All expenses for the organization totaled $1.5m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR PURPOSE IS EXPRESSED PRIMARILY IN THREE KEY AREAS OF SERVICE: (CONTINUED ON SCHEDULE O) COMMUNITY ENGAGEMENT SERVICES, ADDICTION AND LIFE RECOVERY PROGRAMS, AND EDUCATION. WE BELIEVE THAT HOPE CAN BE RESTORED DESPITE ANY LIFE CIRCUMSTANCES AND THAT, NO MATTER WHAT AN INDIVIDUAL HAS BEEN THROUGH, IT IS POSSIBLE TO DREAM AGAIN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AT THE SHORT CREEK DREAM CENTER, IN HILLDALE, UT AND COLORADO CITY, AZ WE PROVIDE:COMMUNITY ENGAGEMENT SERVICES: REGULARLY SCHEDULED OUTREACH EVENTS ARE OPEN TO THE COMMUNITY AND INCLUDE FOOD DISTRIBUTION, MEDICAL SERVICES, A CLOTHING PANTRY AND OTHER SOCIAL EVENTS.ADDICTION RECOVERY PROGRAMS: - WE PROVIDE A RESIDENTIAL RECOVERY PROGRAM FOR YOUNG WOMEN AND MEN THAT HAS BEEN UNIQUELY CRAFTED TO MEET THE COMPLEX NEEDS OF THOSE IN THE COMMUNITY STRUGGLING WITH A VARIETY OF LIFE-CONTROLLING ISSUES. (CONTINUED ON SCHEDULE O)PARTICIPANTS HAVE ACCESS TO LICENSED COUNSELING, MEDICAL AND BEHAVIORAL HEALTH CARE AND EMOTION-BASED THERAPY.EDUCATION: OUR COMMUNITY EDUCATION EFFORTS ARE OPEN TO THE PUBLIC AND ARE OFFERED AS A WAY TO ENGAGE THE GREATER NEEDS OF THE COMMUNITY. THE PUBLIC CLASSES INCLUDE: RESUME BUILDING, CAREER SEEKING, COOKING, HEALTH AND WELLNESS, PARENTING, CERTIFIED ANGER MANAGEMENT, ART THERAPY AND OTHER LIFE SKILLS CLASSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arthur Porter Director | Trustee | 2 | $0 |
Mike Ingram Director | Trustee | 2 | $0 |
Kathleen Winn Director | Trustee | 2 | $0 |
Mark Dickinson Director Until 11-2021 | Trustee | 2 | $0 |
Annette Carlson Director As Of 11/2021 | Trustee | 2 | $0 |
Joshua Chumley Director As Of 11/2021 | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $45,148 |
| Related organizations | $0 |
| Government grants | $108,953 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,648,391 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,802,492 |
| Total Program Service Revenue | $139,131 |
| 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 | -$8,831 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$5,731 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,927,311 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $33,200 |
| Grants and other assistance to domestic individuals. | $8,274 |
| 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 | $402,624 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $40,936 |
| Payroll taxes | $35,956 |
| Fees for services: Management | $77,201 |
| Fees for services: Legal | $38,069 |
| Fees for services: Accounting | $24,376 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $219,765 |
| Advertising and promotion | $12,537 |
| Office expenses | $52,530 |
| Information technology | $36,540 |
| Royalties | $0 |
| Occupancy | $192,544 |
| Travel | $72,593 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,759 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,616 |
| Insurance | $63,136 |
| All other expenses | $115,034 |
| Total functional expenses | $1,464,690 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,673,761 |
| Savings and temporary cash investments | $0 |
| 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 | $354,337 |
| Net Land, buildings, and equipment | $177,324 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,453 |
| Total assets | $2,215,875 |
| Accounts payable and accrued expenses | $71,627 |
| 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 | $25,819 |
| Total liabilities | $97,446 |
| Net assets without donor restrictions | $1,492,719 |
| Net assets with donor restrictions | $625,710 |
| 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 | $2,215,875 |
Grants Awarded
Over the last fiscal year, Dream Institute Inc has awarded $32,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CONVOY OF HOPE PURPOSE: GENERAL SUPPORT | $10,000 |
DREAM CITY FOUNDATION PURPOSE: GENERAL SUPPORT | $15,000 |
CITY HELP INC OF PHOENIX DBA PHOENIX DREAM CENTER PURPOSE: GENERAL SUPPORT | $7,000 |