Dream Machine Innovation Lab
- Assets
- $2.7m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 8
- Location
- Los Angeles, CA
- Founding
- Data as of
- 12/2023
- EIN
- 92-2955088
Organization Overview
Dream Machine Innovation Lab is located in Los Angeles, CA. According to its NTEE Classification (I01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2023, Dream Machine Innovation Lab employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dream Machine Innovation Lab is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
DREAM MACHINE INNOVATION LAB IS A NON-PROFIT THAT UNITES CHANGE MAKERS TO BUILD TOMORROWS WORLD. DREAM MACHINE UNITES UNLIKELY ALLIES AND OVERLOOKED COMMUNITIES THROUGH COLLABORATION CONVENING AND CURIOSITY. TOGETHER WE CAN DECONSTRUCT THE FAILING SYSTEMS THAT LEAD TO EXCESS PRISONS POVERTY POLLUTION AND POLARIZATION TO RECONSTRUCT A FUTURE WE CAN ALL OWN. TOGETHER WE FORM NETWORKS OF CHANGE MAKERS WHO CAN DREAM UP SMART SOLUTIONS TO THE MOST PRESSING ISSUES OF TODAY AND TOMORROW.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AI ACADEMY - DREAM MACHINES AI ACADEMY EMPOWERS UNDERSERVED COMMUNITIES TO BECOME INNOVATORS AND LEADERS IN THE AI REVOLUTION. BY COMBINING CUTTING-EDGE EDUCATION WITH CULTURALLY RESONANT PROGRAMMING WE EQUIP PARTICIPANTS WITH BOTH TECHNICAL SKILLS AND VISIONARY MINDSET NEEDED TO SHAPE THE FUTURE. OUR ACADEMY BRIDGES THE GAP BETWEEN AI POTENTIAL AND COMMUNITY-DRIVEN IMPACT FOSTERING A NEW GENERATION OF CREATORS READY TO TACKLE THE CHALLENGES AND OPPORTUNITIES OF TOMORROW. AI ACADEMY HOSTS AMONG OTHER THINGS CONFERENCES AND TRAININGS IN PARTNERSHIP WITH TECH AND COMMUNITY LEADERS.
PROGRAM DEVELOPMENT - DREAM MACHINE INVESTED RESOURCES INTO THE STARTUP AND DEVELOPMENT OF UPCOMING PROGRAMS AND ANTICIPATES LAUNCHING SOME OR ALL OF THESE PROGRAMS IN 2024.
GRANTMAKING - DREAM MACHINE MADE SMALL GRANTS TO 501C3 TAX EXEMPT ORGANIZATIONS TO SUPPORT DREAM MACHINES CHARITABLE PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Van Jones CEO And Director | OfficerTrustee | 40 | $231,957 |
Somer Huntley COO | Officer | 40 | $158,116 |
Andrea Lichtenfeld Creative Director | 40 | $114,326 | |
Jamie Lunder President And Director | OfficerTrustee | 5 | $0 |
Monica Peek Treasurer And Director | OfficerTrustee | 5 | $0 |
Karen Streeter Secretary And Director | OfficerTrustee | 5 | $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 | $5,000,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,000,000 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,000,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,000 |
| 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. | $431,896 |
| Compensation of current officers, directors, key employees. | $431,896 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $264,572 |
| Pension plan accruals and contributions | $12,115 |
| Other employee benefits | $118,898 |
| Payroll taxes | $66,019 |
| Fees for services: Management | $894,500 |
| Fees for services: Legal | $278,096 |
| Fees for services: Accounting | $4,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $79,801 |
| Advertising and promotion | $25,000 |
| Office expenses | $13,190 |
| Information technology | $3,600 |
| Royalties | $0 |
| Occupancy | $1,596 |
| Travel | $62,326 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,101 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,889 |
| All other expenses | $0 |
| Total functional expenses | $2,310,348 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,731,549 |
| 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 | $479 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,732,028 |
| Accounts payable and accrued expenses | $24,749 |
| 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 | $17,627 |
| Total liabilities | $42,376 |
| Net assets without donor restrictions | $2,689,652 |
| 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 | $2,732,028 |