Overview
What is Brees Dream Foundation?
The Brees Dream Foundation, situated in Independence, Ohio, is a dedicated nonprofit organization. Its primary mission is to enhance the lives of individuals, particularly cancer patients, by offering care, education, and various opportunities. Additionally, they focus on supporting children and families in need. A significant aspect of their work involves funding the Build Strong Academy, a program that nurtures a skilled construction workforce in the Greater New Orleans area through hands-on training and related trades. The foundation strives to make a positive impact in these areas, demonstrating a strong commitment to community betterment.
Official website here: www.drewbrees.com
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 52%, One-Star out of Four Stars
The Brees Dream Foundation has received a low rating of 52%, which highlights significant concerns related to its accountability and financial practices. With only 33% of its board members being independent and a total of just one independent member, the organization struggles with governance transparency. Additionally, the absence of a whistleblower and document retention policy raises red flags about its operational integrity.
Despite these issues, the Foundation shows commendable program expense efficiency, allocating 99.5% of its budget directly to programs. This demonstrates a strong commitment to its mission and the effectiveness of its initiatives. However, the financial metrics are concerning, especially a liabilities to assets ratio of 189.07% and a negative working capital ratio, suggesting that the organization may face financial sustainability challenges.
In summary, while the Brees Dream Foundation excels in program spending, its governance and financial management issues detract from its overall effectiveness and reliability as a nonprofit. Prospective donors and supporters may want to consider these factors before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Brees Dream Foundation legitimate?
Brees Dream Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brees Dream 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
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Official website here: www.drewbrees.com
What is the mission statement of Brees Dream Foundation?
The Brees Dream Foundation's mission is centered around enhancing the quality of life for cancer patients and offering support, education, and opportunities for children and families in need. Specifically, the foundation aims to improve the lives of cancer patients. Additionally, they provide various resources and opportunities for underprivileged children and their families. One of their initiatives is the Build Strong Academy, which supports the development of a skilled construction workforce in a particular area through hands-on training and related trades education.
Official website here: www.drewbrees.com
Who is the CEO of Brees Dream Foundation?
Drew Brees is the President/Trustee of Brees Dream Foundation.
Official website here: www.drewbrees.com
What is the revenue of Brees Dream Foundation?
Brees Dream Foundation's revenue in 2022 was $2,160,370.
Official website here: www.drewbrees.com
Who are the executives of Brees Dream Foundation and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.drewbrees.com
Where can I find the form 990 for Brees Dream Foundation?
Brees Dream Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.drewbrees.com
Learn more at the official website: www.drewbrees.com
Mission Statement of Brees Dream Foundation
The Brees Dream Foundation is committed to enhancing the lives of cancer patients and providing assistance to children and families in need. Their mission is multifaceted, primarily focusing on improving the quality of life for cancer patients. The foundation achieves this by providing necessary care and education, as well as offering various opportunities. Beyond cancer patients, the Brees Dream Foundation extends its support to children and families who are facing hardships.
One of the ways the Brees Dream Foundation fulfills its mission is through its involvement in the development of the Build Strong Academy. This program aims to create a skilled construction workforce in the greater New Orleans area by offering hands-on training and education in related trades. By nurturing this workforce, the foundation is not only contributing to the community's infrastructure but also providing employment opportunities for those in need. The Brees Dream Foundation's mission is a testament to its dedication to uplifting individuals and families, offering them the support and resources they require to overcome challenges.
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Impact
July, 2024
The Brees Dream Foundation's impact is centered around improving the quality of life for cancer patients and providing care, education, and opportunities for children and families in need. One significant initiative is the Build Strong Academy, which receives funding to help create a skilled construction workforce in the greater New Orleans area through hands-on construction training and related trades. This initiative aligns with the foundation's overarching mission of improving the quality of life for cancer patients while also focusing on offering support and opportunities to those facing various challenges in the community.
This information is meant to be a general summary of Brees Dream 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: $71
- Gross Receipts: $2,160,370
Assets and Liabilities:
- Total Assets: $345,108
- Total Liabilities: $652,503
- Net Assets: -$307,395
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Organization Details
Founding Year
2003
Phone
(216) 920-4800Principal Officer
Drew Brees
Main Address
6050 OAK TREE BLVD SUITE 500, INDEPENDENCE, OH, 44131
Website
www.drewbrees.comNTEE Category
Code: T30 - Philanthropy
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