Overview
What is Dream Fund?
Dream Fund is a nonprofit organization, specifically located at PO BOX 1533, Coppell, Texas 75019. Their primary mission is to offer emotional and financial support to individuals working in the advertising, public relations, and media industries who have experienced severe hardships. By providing assistance to ten such individuals, the Dream Fund aims to alleviate their struggles and offer a helping hand during challenging times.
Official website here: www.dreamfund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 61% (Two-Star out of Four Star Rating)
Dream Fund receives a Two-Star rating from Charity Navigator, indicating a moderate level of effectiveness and transparency. The organization's Accountability & Finance Score is relatively low at 57, primarily due to a program expense ratio of just 34.82%, suggesting that a significant portion of its budget may not be directed towards its core mission. However, it performs well in leadership and adaptability, scoring a perfect 100, demonstrating strong governance practices with a fully independent board.
The organization showcases strong accountability measures, with all board members being independent and a solid conflict of interest policy in place. They have also demonstrated their adaptability by successfully transitioning to online events, which is crucial for maintaining engagement and fundraising during challenging times. The presence of documented board meeting minutes and other governance documents further adds to their transparency.
Despite these strengths, the low program expense ratio indicates that there may be room for improvement in how funds are allocated towards direct programs. The organization aims for financial stability to enhance its support for individuals in crisis, but it will need to focus on increasing its program expenditures to strengthen its impact further.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Dream Fund?
100% of 8 reviewers on Facebook recommend the Dream Fund. Here is a summary of their reviews:
Supporters highlight the dedication of the team, praising them as a "terrific group of professionals." Many commend the organization's commitment to using nearly all collected funds for the benefit of those in need, which underscores its effectiveness and focus on helping the community.
Overall, the sentiment towards Dream Fund is overwhelmingly positive, with individuals expressing strong satisfaction with their transparency and commitment to impacting lives positively.
This AI summary has been generated from reviews found on Facebook.
Is Dream Fund legitimate?
Dream Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dream Fund 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: $66,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.dreamfund.org
What is the mission statement of Dream Fund?
The Dream Fund's mission is centered around providing emotional and financial support to individuals working in the advertising, public relations, and media industries who have experienced severe hardship. This non-profit organization aims to alleviate the challenges faced by these professionals during difficult times, offering them the necessary assistance to overcome their struggles. As of the provided information, the Dream Fund has extended aid to 10 individuals within this industry.
Official website here: www.dreamfund.org
Who is the CEO of Dream Fund?
Jim Novak is the Immediate Past President of Dream Fund.
Official website here: www.dreamfund.org
What is the revenue of Dream Fund?
Dream Fund's revenue in 2022 was $74,639.
Official website here: www.dreamfund.org
Who are the executives of Dream Fund and what are their salaries?
There 28 volunteers at Dream Fund.
Here are 22 key members and their salaries:
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- Compensation: $66,000
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Official website here: www.dreamfund.org
Where can I find the form 990 for Dream Fund?
Dream Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.dreamfund.org
Learn more at the official website: www.dreamfund.org
Mission Statement of Dream Fund
Dream Fund, an organization dedicated to offering emotional and financial assistance, extends its support to individuals working in the advertising, public relations, and media industries who have experienced severe hardships in their lives. The core mission of Dream Fund is to provide a helping hand to these professionals in need, offering them the necessary emotional and financial support during their time of distress. To date, the organization has extended its aid to ten individuals within this field, demonstrating its commitment to making a positive impact in their lives.
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Impact
August, 2024
Dream Fund's impact is significant in providing crucial emotional and financial support to individuals in the advertising, public relations, and media industry who are facing severe hardship. Through their assistance, they have positively impacted the lives of 10 professionals, helping them navigate through difficult times and providing them with much-needed support. This support plays a vital role in improving the well-being and resilience of individuals in these industries, showcasing the tangible difference that Dream Fund is making in the lives of those it serves.
This information is meant to be a general summary of Dream Fund. 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 2022.
- Investment Income: -$25,942
- Gross Receipts: $343,180
Assets and Liabilities:
- Total Assets: $349,838
- Total Liabilities: $0
- Net Assets: $349,838
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Organization Details
Founding Year
1991
Phone
(214) 288-9909Principal Officer
Jim Novak
Main Address
PO BOX 1533, COPPELL, TX, 750191533
Website
www.dreamfund.orgNTEE Category
Code: P20Z - Human services
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