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Dream On 3

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 461988039 ✦ Charlotte, NC ✦ Designated as a 501(c)(3)

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Overview

What is Dream On 3?

Dream On 3 is a compassionate nonprofit organization situated in Charlotte, North Carolina. With a team of 16 dedicated individuals, their mission is to bring joy and magic to children struggling with chronic illnesses, developmental disabilities, or life-altering conditions. They achieve this by crafting personalized, VIP experiences centered around the recipients' interests and their favorite sports. This unique initiative unites the healthcare, business, and sports communities to create these extraordinary experiences. To date, Dream On 3 has served over 200 dream recipients and their families, providing them with unforgettable moments of hope and happiness.


Official website here: www.dreamon3.org

What are the reviews and ratings of this charity?

Charity Navigator rates Dream On 3 with an 85%, resulting in a Three-Star out of Four Star rating. This score highlights the organization's solid performance in accountability and finance, particularly noting its strong independence with 100% independent board members and effective policies in place for conflict of interest and whistleblower protections.

The organization excels in community culture, achieving a perfect score in this category, which reflects its commitment to engaging with and supporting the community it serves. However, while its impact and measurement score of 75 indicates a competent level of evaluating its effectiveness, there is room for improvement in measuring the actual impact of its programs.

Dream On 3 maintains a program expense ratio of 70.04%, suggesting a significant focus on its mission-driven activities. Its fundraising efficiency ratio of $0.16 indicates reasonable fundraising practices, though there might be concerns about sustainability given a working capital ratio of 0.58 years. Overall, the organization shows promise and dedication but could enhance its impact measurement strategies to better demonstrate its effectiveness.


This AI summary has been generated from information found on Charity Navigator.

Is Dream On 3 legitimate?

Dream On 3 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dream On 3 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: $619,776

For more financial information, click here


Official website here: www.dreamon3.org

What is the mission statement of Dream On 3?

Dream On 3's mission is centered around fulfilling dreams for children battling chronic illnesses, developmental disabilities, or life-altering conditions. They achieve this by creating enchanting experiences filled with joy and magic through the world of sports. The organization's primary activity involves offering customized, VIP sports experiences tailored to each child's interests and aspirations, serving individuals between the ages of 5 and 21. Dream On 3 brings together the healthcare, business, and sports communities to make these extraordinary events possible. To date, they have served over 200 dream recipients and their families.


Official website here: www.dreamon3.org

Who is the CEO of Dream On 3?

Brandon Lindsey is the President/Ceo/Co-Founder of Dream On 3. The CEO's salary of Dream On 3 is $0 and their total compensation is $0.


Official website here: www.dreamon3.org

What is the revenue of Dream On 3?

Dream On 3's revenue in 2023 was $2,510,038.


Official website here: www.dreamon3.org

Who are the executives of Dream On 3 and what are their salaries?

The average compensation at Dream On 3 during 2023 was $38,736. There are 16 employees and 11740 volunteers at Dream On 3.


Here are 8 key members and their salaries (Dream On 3's CEO's salary is $0 and their total compensation is $0):


Brandon Lindsey (President/Ceo/Co-Founder)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve O'Brien (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dale Fite (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ben Allred (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Davis (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Julia Whitcomb (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle Riley (Outgoing Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carla Black (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.dreamon3.org

Where can I find the form 990 for Dream On 3?

Dream On 3's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.dreamon3.org

Learn more at the official website: www.dreamon3.org

Mission Statement of Dream On 3

Dream On 3, a nonprofit organization, is committed to making dreams come true for children battling chronic illnesses, developmental disabilities, or life-altering conditions. They achieve this by creating joyous and magical experiences through the realm of sports. The mission of Dream On 3 is twofold. Firstly, it involves crafting personalized, VIP experiences for individuals aged between 5 and 21 who are living with such conditions. These experiences are tailored around the children's interests and their ultimate sports dreams. Secondly, Dream On 3 brings together the healthcare, business, and sports communities to orchestrate these extraordinary events. To date, the organization has served over 200 dream recipients and their families, fulfilling their wishes and bringing a spark of happiness into their lives.

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Impact




July, 2024

Dream On 3 has a profound impact on children with chronic illnesses, developmental disabilities, and life-altering conditions by creating personalized dream experiences centered around sports. These experiences bring joy, magic, and unforgettable memories to the recipients and their families. By uniting the healthcare, business, and sports communities, Dream On 3 has successfully served over 200 dream recipients, providing them with VIP experiences tailored to their interests and dreams. Through these efforts, Dream On 3 not only brings happiness to these children but also fosters a sense of unity and support among various sectors of the community.




This information is meant to be a general summary of Dream On 3. 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.

Revenue
$2,510,038 (2023)
20132014201520162017201820192020202120222023$0$650k$1.3M$1.95M$2.6M
Expenses
$2,284,194 (2023)
20132014201520162017201820192020202120222023$0$600k$1.2M$1.8M$2.4M
Efficiency
201320142015201620172018201920202021202220230%10%20%30%47%

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $15,078
  • Gross Receipts: $2,854,856

Assets and Liabilities:

  • Total Assets: $1,595,423
  • Total Liabilities: $689,139
  • Net Assets: $906,284

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Organization Details

Founding Year

2013

Principal Officer

Brandon Lindsey

Main Address

1523 ELIZABETH AVENUE 300, CHARLOTTE, NC, 28204

NTEE Category

Code: E80 - Health

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