Overview
What is Dream It Be It?
Dream It Be It is a nonprofit organization situated in Fortuna, California, specifically at 1480 Ross Hill Road. The primary focus of this organization is to provide a suitable premise for Redwood Preparatory Charter School, catering to students from grades K through 8th. By supporting and operating this school, Dream It Be It aims to contribute positively to the educational sector in the local community, ensuring a quality learning environment for young learners. The organization is operated by a dedicated team of three individuals, further emphasizing its commitment to its mission.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 38%, Zero-Star out of Four Star Rating
Dream It Be It has received a low rating of 38% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization has a structural deficiency, with no independent board members, which raises questions about governance and oversight. Additionally, key policies such as conflict of interest and whistleblower protections are missing, further impacting the charity's accountability.
Despite these governance issues, the charity performs well in terms of program expenses, allocating 98.60% of its expenditures towards its programs. This suggests a strong commitment to its mission and effective use of funds for direct impact. However, the high liabilities to assets ratio of 83.06% indicates potential financial instability, which could pose risks to its sustainability.
Overall, while Dream It Be It shows dedication to its charitable goals through high program expense ratios, its lack of independent oversight and missing critical policies reflect substantial weaknesses in governance and financial health. Prospective donors should consider these factors carefully before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Dream It Be It legitimate?
Dream It Be It is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dream It Be It submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $243,817
For more financial information, click here
What is the mission statement of Dream It Be It?
Dream It Be It's mission is centered around supporting and operating Redwood Preparatory Charter School. Specifically, they provide the necessary premises for this educational institution, catering to students from grades K through 8th. Their role is essential in ensuring the smooth operation and continued learning environment for these students. This mission aligns with their commitment to contributing positively to the educational sector and fostering a conducive learning environment for young learners.
What is the revenue of Dream It Be It?
Dream It Be It's revenue in 2024 was $440,760.
Who are the executives of Dream It Be It and what are their salaries?
The average compensation at Dream It Be It during 2024 was $81,272. There are 3 employees at Dream It Be It.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Dream It Be It?
Dream It Be It's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Dream It Be It
Dream It Be It, as a nonprofit organization, is committed to supporting and operating Redwood Preparatory Charter School. This school caters to students from grades K through 8th. By providing the necessary premises, Dream It Be It contributes to the educational journey of these young learners, ensuring they receive a well-rounded education. The organization's mission is not just about providing a physical space, but it also involves supporting the school's operations, ensuring a conducive learning environment for the students.
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Impact
October, 2024
Dream It Be It has made a significant impact by providing critical support and infrastructure for Redwood Preparatory Charter School, serving grades K through 8 in Fortuna, CA. The organization plays a vital role in ensuring that the school operates smoothly, allowing students to access quality education in a nurturing environment. By focusing on educational support, Dream It Be It helps to create a strong foundation for young learners, fostering their academic and personal development. This initiative not only enhances educational opportunities within the community but also contributes to the overall growth and success of the local population by equipping children with the skills and knowledge necessary for their future pursuits.
This information is meant to be a general summary of Dream It Be It. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Program Service Revenue: $374,853
- Gross Receipts: $450,574
Assets and Liabilities:
- Total Assets: $2,975,666
- Total Liabilities: $2,474,066
- Net Assets: $501,600
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AFTERSCHOOL PROGRAM
Revenue
$252,645
RENTAL - SCHOOL PREMISES
Revenue
$122,208
Organization Details
Founding Year
2010
Principal Officer
Sarah Poust
NTEE Category
Code: B29 - Education
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