Dreamtree Project Inc
- Assets
- $2.1m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 68
- Location
- Taos, NM
- Founding
- 02/2000
- Data as of
- 12/2021
- EIN
- 85-0462470
Organization Overview
Dreamtree Project Inc is located in Taos, NM. The organization was established in 2000. According to its NTEE Classification (P46) the organization is classified as: Family Counseling, under the broad grouping of Human Services and related organizations. As of 12/2023, Dreamtree Project Inc employed 68 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dreamtree Project 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, Dreamtree Project Inc generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.0% each year . All expenses for the organization totaled $3.1m during the year ending 12/2021. While expenses have increased by 20.3% per year over the past 6 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
DREAMTREE PROJECT PROVIDES HOUSING AND COMPASSIONATE SUPPORT SERVICES TO YOUTH IN CRISIS.
Describe the Organization's Program Activity:
THIS YEAR, DREAMTREE PROJECT CONTINUED TO PROVIDE 24/7 SHELTER AND HOUSING FOR YOUNG ADULTS, INCLUDING HOUSING IN THREE COMMUNITIES (TAOS, RATON, ESPANOLA). DREAMTREE ALSO OPENED A WINTER CRISIS SHELTER FOR ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Hummel Executive Di | Officer | 40 | $67,524 |
Todd Ritchie President | OfficerTrustee | 2 | $0 |
Mary Bernal Vice Preside | OfficerTrustee | 2 | $0 |
Zach Hudson Treasurer | OfficerTrustee | 2 | $0 |
Molly Baird Secretary | OfficerTrustee | 2 | $0 |
Sharon Bumpas Gilster Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,763,606 |
| Investment income | $13 |
| 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 | $3,204,703 |
| Statement of Expenses | |
|---|---|
| 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. | $77,207 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,069,129 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $65,185 |
| Payroll taxes | $91,496 |
| 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 | $552,780 |
| Advertising and promotion | $5,783 |
| Office expenses | $42,183 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,406 |
| Travel | $8,186 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,751 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $79,175 |
| Insurance | $43,102 |
| All other expenses | $0 |
| Total functional expenses | $3,089,853 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,568 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $639,401 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,300 |
| Prepaid expenses and deferred charges | $214,311 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,000 |
| Other assets | $0 |
| Total assets | $2,105,793 |
| Accounts payable and accrued expenses | $396,457 |
| Grants payable | $0 |
| Deferred revenue | $221,599 |
| 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 | $79,441 |
| Other liabilities | $0 |
| Total liabilities | $697,497 |
| Net assets without donor restrictions | $1,338,001 |
| Net assets with donor restrictions | $70,295 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,408,296 |