Overview
What is Lubbock Dream Center?
The Lubbock Dream Center is a nonprofit organization situated in Lubbock, Texas, specifically at 1111 30th Street. Its primary mission is to foster social and spiritual transformation within the community. By addressing people's basic needs, such as food, the organization establishes relationships, which ultimately serves as an entry point to address spiritual needs. This holistic approach aims to restore hope and dignity, guiding individuals from a state of dependence to independence. The Lubbock Dream Center carries out this mission through its food pantry, which is available every Saturday. With a team of 14 dedicated individuals, the center operates with a vision to bring about life-pattern changes, economic growth, and neighborhood improvements in the community.
Official website here: www.lubbockdreamcenter.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Star Rating
The Lubbock Dream Center has received an 88% rating from Charity Navigator, indicating a strong performance in the area of Accountability & Finance. This score is based entirely on their fiscal management practices, suggesting a reliable and transparent organization. A significant aspect of their rating is the presence of a majority independent board, which enhances governance and oversight.
Strengths noted in the evaluation include a high program expense ratio of 82.44%, showing that the vast majority of funds are directed toward their programs rather than administrative costs. Additionally, Lubbock Dream Center has demonstrated compliance with several important financial practices, such as the timely posting of tax forms and maintaining comprehensive documentation of board meeting minutes.
However, there are some limitations, particularly in their absence of a conflict of interest policy and a whistleblower policy, which received a score of zero in these areas. Addressing these gaps could further strengthen their governance framework and enhance trust among stakeholders. Overall, the Lubbock Dream Center showcases strong financial practices, though improvements in policy documentation could bolster their rating further.
This AI summary has been generated from information found on Charity Navigator.
Is Lubbock Dream Center legitimate?
Lubbock Dream Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lubbock Dream Center 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: $144,564
Professional Fundraising Fees: $0
Other Salaries and Wages: $347,403
For more financial information, click here
Official website here: www.lubbockdreamcenter.org
What is the mission statement of Lubbock Dream Center?
The Lubbock Dream Center's mission is centered around facilitating social and spiritual transformations in individuals. This is achieved by addressing both their basic needs and fostering relationships, which paves the way for addressing spiritual needs. The ultimate goal is to transition individuals from a state of dependence to one of responsibility. By restoring hope and dignity, the Lubbock Dream Center aims to help people gain independence. In addition to its mission, the center operates a food pantry, offering assistance every Saturday.
Official website here: www.lubbockdreamcenter.org
What is the revenue of Lubbock Dream Center?
Lubbock Dream Center's revenue in 2023 was $907,953.
Official website here: www.lubbockdreamcenter.org
Who are the executives of Lubbock Dream Center and what are their salaries?
The average compensation at Lubbock Dream Center during 2023 was $49,197. There are 10 employees and 2500 volunteers at Lubbock Dream Center.
Here are 24 key members and their salaries:
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Official website here: www.lubbockdreamcenter.org
Where can I find the form 990 for Lubbock Dream Center?
Lubbock Dream Center's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lubbockdreamcenter.org
Learn more at the official website: www.lubbockdreamcenter.org
Mission Statement of Lubbock Dream Center
The Lubbock Dream Center, an organization dedicated to social and spiritual transformation, seeks to bring about change in individuals' lives by addressing their basic needs and fostering relationships. Its mission is twofold: firstly, to restore hope and dignity to those in a state of dependence, and secondly, to provide a food pantry as a stepping stone towards independence. By offering this essential service, the Lubbock Dream Center aims to transform lives, leading to improved economic standing and enhanced neighborhoods.
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Impact
July, 2024
The Lubbock Dream Center's impact can be seen in the transformation it brings to individuals and communities in Lubbock. By meeting people's basic needs through initiatives like a weekly food pantry, the center helps individuals move from a state of dependence to independence. This not only restores hope and dignity but also fosters social and spiritual transformation within the community. As a result, the center's efforts lead to life pattern changes, economic empowerment, and improvements in neighborhoods. Through its mission to bring about social and spiritual transformation, the Lubbock Dream Center plays a vital role in positively impacting the lives of those it serves.
This information is meant to be a general summary of Lubbock Dream Center. 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 2023.
- Program Service Revenue: $72,951
- Gross Receipts: $907,953
Assets and Liabilities:
- Total Assets: $1,474,686
- Total Liabilities: $30,225
- Net Assets: $1,444,461
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FOOD PANTRY
Revenue
$27,600
MISCELLANEOUS INCOME
Revenue
$21,225
EDUCATIONAL SUPPORT SV
Revenue
$20,368
INDIVIDUAL & FAMILY SV
Revenue
$3,758
Organization Details
Founding Year
2011
Principal Officer
Jantzen Louder
Website
www.lubbockdreamcenter.orgNTEE Category
Code: P20 - Human services
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