Overview
What is Dreams Will Come True Foundation?
Dreams Will Come True Foundation is a nonprofit organization located in Sunnyvale, California. Their mission is to assist individuals in achieving their goals by providing education and essential tools. They cater to various educational platforms tailored to the participants' needs, specifically focusing on underprivileged individuals who aspire to improve their lives. The foundation offers a platform for acquiring necessary credentials or skills, thereby enabling them to attain a higher socioeconomic status.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1-Star out of Four Stars (50%)
The Dreams Will Come True Foundation has received a One-Star rating from Charity Navigator, which indicates significant room for improvement in its accountability and finance practices. The foundation's overall score is based entirely on its Accountability & Finance score of 50%, reflecting concerns regarding governance and transparency.
A major issue highlighted is that the organization has no independent board members, which raises concerns about oversight and decision-making. Additionally, several key policies, such as conflict of interest and whistleblower policies, are missing, which could affect the foundation's operational integrity. While it does score well on financial health indicators, such as a 100% program expense ratio and zero liabilities against assets, these strengths are overshadowed by governance deficiencies.
Overall, while the Dreams Will Come True Foundation demonstrates some positive financial metrics, its lack of independent oversight and missing policies could undermine public trust and overall effectiveness. Addressing these governance issues is essential for improving its rating and ensuring long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Dreams Will Come True Foundation legitimate?
Dreams Will Come True Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dreams Will Come True Foundation 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: $0
For more financial information, click here
What is the mission statement of Dreams Will Come True Foundation?
The Dreams Will Come True Foundation's mission is to assist individuals in achieving their dreams by providing them with necessary education and tools. They achieve this objective by offering various educational platforms tailored to the needs of the participants. For those less fortunate who aspire to improve their lives, the foundation provides a platform to acquire the required certifications or skills, enabling them to advance to a higher socioeconomic status.
Who is the CEO of Dreams Will Come True Foundation?
Joseph Kung is the President of Dreams Will Come True Foundation.
What is the revenue of Dreams Will Come True Foundation?
Dreams Will Come True Foundation's revenue in 2022 was -$40,043.
Who are the executives of Dreams Will Come True Foundation and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Dreams Will Come True Foundation?
Dreams Will Come True Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Dreams Will Come True Foundation
Dreams Will Come True Foundation is a non-profit organization dedicated to assisting individuals in achieving their dreams by providing them with necessary education and tools. Recognizing the potential of underprivileged individuals who yearn to improve their lives, the foundation offers various educational platforms tailored to the needs of its participants. It serves as a platform where these individuals can acquire the required certifications or skills, ultimately propelling them towards a higher socio-economic status.
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Impact
October, 2024
Dreams Will Come True Foundation profoundly impacts the community by empowering individuals through education and skill development. By focusing on the underprivileged, it creates tailored educational platforms that cater to the unique needs of participants, allowing them to pursue their aspirations and improve their socioeconomic status.
The foundation recognizes that many individuals possess the desire to enhance their lives but lack access to the necessary resources and training. By providing a comprehensive approach to education, the foundation helps participants acquire vital credentials and skills, thereby facilitating their journey toward achieving their dreams. This support not only transforms individual lives but also contributes to uplifting the community as a whole, fostering a cycle of empowerment and opportunity.
This information is meant to be a general summary of Dreams Will Come True Foundation. 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: -$50,043
- Gross Receipts: $10,017
Assets and Liabilities:
- Total Assets: $678,507
- Total Liabilities: $0
- Net Assets: $678,507
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Organization Details
Founding Year
2015
Phone
(650) 537-1598Principal Officer
Joseph Kung
Main Address
1220 VIENNA DR 496, SUNNYVALE, CA, 94089
NTEE Category
Code: Z99 - Unknown
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