Overview
What is Dreams Of Wilmington Inc?
Dreams of Wilmington Inc, situated in Wilmington, North Carolina, is a nonprofit organization dedicated to empowering youth aged 8 to 18. They offer high-quality, free arts education in literary, visual, and performing arts at their inner-city center and various community outreach sites. Initiatives such as youth entrepreneurship, family engagement, and teen council foster personal growth and income opportunities. The Dance Theatre of Dreams provides performance platforms for advanced dance students, while apprenticeship programs teach real-world skills to older students. Digital arts, higher education, and visiting artists initiatives complement their comprehensive approach, aiming to foster self-confidence and engage youth in productive activities. Guided by values of respect, family, and community, Dreams of Wilmington Inc strives to create an equitable arts education culture.
Official website here: www.dreamswilmington.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Dreams Of Wilmington Inc has received a commendable Four-Star rating from Charity Navigator, highlighting its high level of transparency and accountability. With a score of 96%, the organization demonstrates exemplary financial practices, including a 100% independent board and a robust audit and oversight committee. The charity has no material diversion of assets, indicating strong governance and ethical management of funds.
The organization's financial health is reflected in its low liabilities to assets ratio of 1.89%, and an impressive program expense ratio of 73.98%, suggesting that a significant portion of its budget is directed toward its programs and services rather than administrative costs. This dedication to programmatic spending underscores the organization’s commitment to fulfilling its mission effectively.
While the data showcases numerous strengths in governance and financial accountability, ongoing monitoring of program outcomes and community impact remains essential to ensure continued effectiveness. Overall, Dreams Of Wilmington Inc stands out as a reputable nonprofit deserving of support based on its transparent practices and fiscal responsibility.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Dreams Of Wilmington Inc?
98% of 34 reviewers on Facebook recommend Dreams Of Wilmington Inc. Here is a summary of their reviews:
Many supporters express a deep appreciation for the organization's mission, highlighting its commitment to providing access to the arts for students who might otherwise miss out on these opportunities. The facility is praised for its welcoming atmosphere and diverse array of programs, which seem to resonate well with both participants and their families.
Overall, sentiments indicate a strong endorsement of the nonprofit, with many describing it as a vital resource in the community that effectively nurtures young talent and fosters creativity among youth. The positive reviews reflect a genuine enthusiasm for the impact that Dreams Of Wilmington Inc. has on local students and their engagement with the arts.
This AI summary has been generated from reviews found on Facebook.
Is Dreams Of Wilmington Inc legitimate?
Dreams Of Wilmington Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dreams Of Wilmington Inc 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: $92,707
Professional Fundraising Fees: $0
Other Salaries and Wages: $139,627
For more financial information, click here
Official website here: www.dreamswilmington.org
What is the mission statement of Dreams Of Wilmington Inc?
Dreams Of Wilmington Inc's mission is centered around fostering confidence in youth and teens. This is achieved by providing equitable access to arts education, upholding values of respect, family, and community. The organization offers high-quality, free-of-charge classes in literary, visual, and performing arts for youth aged 8-18, both at their inner-city center and outreach sites throughout the community. Initiatives such as youth entrepreneurship, family engagement, and a teen council, among others, aim to address the holistic development of these young individuals, guiding them towards becoming productive and engaged members of society.
Official website here: www.dreamswilmington.org
Who is the CEO of Dreams Of Wilmington Inc?
Marlon Ramos is the Exec. Dir. - of Dreams Of Wilmington Inc.
Official website here: www.dreamswilmington.org
What is the revenue of Dreams Of Wilmington Inc?
Dreams Of Wilmington Inc's revenue in 2023 was $758,201.
Official website here: www.dreamswilmington.org
Who are the executives of Dreams Of Wilmington Inc and what are their salaries?
The average compensation at Dreams Of Wilmington Inc during 2023 was $21,121. There are 11 employees and 50 volunteers at Dreams Of Wilmington Inc.
Here are 12 key members and their salaries:
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Official website here: www.dreamswilmington.org
Where can I find the form 990 for Dreams Of Wilmington Inc?
Dreams Of Wilmington Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.dreamswilmington.org
Learn more at the official website: www.dreamswilmington.org
Mission Statement of Dreams Of Wilmington Inc
Dreams of Wilmington Inc, a nonprofit organization, is dedicated to fostering a culture of self-confidence in youth and teens. They achieve this goal by providing equitable access to arts education, upholding values of respect, family, and community. Through their inner-city center and outreach sites throughout the community, Dreams offers high-quality, free-of-charge classes in literary, visual, and performing arts for young people aged 8 to 18.
The mission of Dreams of Wilmington Inc goes beyond just offering arts education. They have various initiatives designed to support and engage the youth holistically. One such initiative is Youth Entrepreneurship, which empowers students by providing them with an income stream through artwork sales and paid performances. Family Engagement is another initiative that encourages parents and siblings to participate in programming, strengthening the bond between family and the organization.
The Teen Council offers older students a leadership role within the organization, providing them with valuable experience and responsibilities. Dance Theatre of Dreams provides performance opportunities for advanced dance students, while the Apprenticeship program teaches real-world job skills to a select group of older students. Dreams also focuses on digital arts, higher education, and invites visiting artists to enrich the learning experience.
In summary, Dreams of Wilmington Inc is a nonprofit organization committed to building self-confidence in youth and teens through arts education. By offering a range of initiatives, they aim to support the holistic development of young people, preparing them to become productive and engaged members of society.
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Impact
July, 2024
Dreams of Wilmington Inc has a significant impact on the youth and teens in Wilmington, NC by providing high-quality, free-of-charge arts education classes. Through initiatives such as youth entrepreneurship, family engagement, teen council, dance theatre, apprenticeship, and more, Dreams of Wilmington aims to nurture the "whole child" and guide the development of productive, engaged youth. By offering equitable access to arts education and instilling values of respect, family, and community, Dreams of Wilmington is creating a culture of confidence among young individuals in the community.
This information is meant to be a general summary of Dreams Of Wilmington Inc. 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.
- Investment Income: $28,544
- Program Service Revenue: $21,270
- Gross Receipts: $868,060
Assets and Liabilities:
- Total Assets: $2,117,315
- Total Liabilities: $40,163
- Net Assets: $2,077,152
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CLASSES, CAMPS & TEACHER FEES
Revenue
$21,270
Organization Details
Founding Year
1996
Phone
(910) 772-1501Principal Officer
Marlon Ramos
Main Address
901 FANNING ST, WILMINGTON, NC, 28401
Website
www.dreamswilmington.orgNTEE Category
Code: A99 - Arts
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