Storeydreams Foundation Inc
- Assets
- $256.0k
- Revenue
- $571.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Brea, CA
- Founding
- 12/1991
- Data as of
- 12/2021
- EIN
- 95-4295220
Organization Overview
Storeydreams Foundation Inc is located in Brea, CA. The organization was established in 1991. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2021, Storeydreams Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Storeydreams 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 12/2021, Storeydreams Foundation Inc generated $571.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $545.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 7 years. 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 PREACH THE GOSPEL OF JESUS CHRIST AND PROVIDE HEALING TO THE CHURCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EVANGELISM PROGRAM: EVANGELIST TIM STOREY AND STAFF VISIT CHURCHES AND OTHER CHRISTIAN EVENTS TO SPEAK AND HOLD HEALING CRUSADES. AS A RESULT OF THESE MEETINGS THE GOSPEL OF JESUS CHRIST IS PREACHED AND PEOPLE COMMIT THEIR LIVES TO SERVING GOD.
BACKHAND PRODUCTIONS: A SHOW ON FACEBOOK LIVE WHERE SUCCESSFUL INDIVIUDALS WERE INTERVIEWED ABOUT THEIR SPIRITUAL AND BUSINESS LIFE.
LIFE COACHING: THE LIFE COACHING PROGRAM IS STRUCTURED TO TEACH PEOPLE HOW TO USE THEIR FAITH TO MOVE FORWARD AFTER EXPERIENCING AN UNEXPECTED SETBACK. THE MOTTO IS "A COMEBACK IS NOT A GO-BACK AND THE PROGRAM IS AIMED TO TEACH PEOPLE HOW TO RISE UP AND MOVE FORWARD AND LEAVE BEHIND THE WEIGHT OF THE PAST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Storey President | OfficerTrustee | 50 | $83,500 |
Berna L Swodeck Secretary/treasurer | OfficerTrustee | 1 | $0 |
Eric Shaun Raftery Director | Trustee | 1 | $0 |
Michael A Phillips Director | Trustee | 1 | $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 | $12,860 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,860 |
| Total Program Service Revenue | $506,311 |
| Investment income | $7,042 |
| 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 | $19,032 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $571,257 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $13,911 |
| Compensation of current officers, directors, key employees. | $236,135 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,336 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,173 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,132 |
| Advertising and promotion | $42,596 |
| Office expenses | $6,618 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $76,930 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $379 |
| All other expenses | $23,960 |
| Total functional expenses | $545,899 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,847 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $207,113 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $17,948 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,135 |
| Total assets | $256,043 |
| Accounts payable and accrued expenses | $2,017 |
| 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 | $0 |
| Total liabilities | $2,017 |
| Net assets without donor restrictions | $254,026 |
| 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 | $256,043 |
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