Overview
What is Dream Foundation Inc?
Dream Foundation Inc, located in Louisville, Kentucky, is a dedicated nonprofit organization. Their primary mission is to construct handicap-accessible playgrounds, aiming to provide inclusive and enjoyable play spaces for all children. Furthermore, the organization is committed to supporting the Muscular Dystrophy Association (MDA) by contributing funds to their cause. With a focus on improving the lives of individuals and families, Dream Foundation Inc continues to make a significant impact in its community and beyond.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (53%)
Dream Foundation Inc has received a one-star rating from Charity Navigator, indicating significant concerns regarding its Accountability and Finance practices. The overall score of 53% is entirely derived from this category, which highlights the need for improvement in various governance aspects.
The organization lacks independent board members, which is a critical element of effective governance, scoring 0% in this area. Additionally, there are multiple missing policies, including those related to conflicts of interest and whistleblowers, which further impacts its accountability standing. On a positive note, the foundation has a solid program expense ratio of 100%, suggesting that all funds are directed towards its mission.
However, the absence of essential documents on its website, such as the tax form and policies, raises transparency issues. The organization does have documented board meeting minutes, but the overall lack of independent oversight and missing governance structures indicate that Dream Foundation Inc has significant room for growth in enhancing its accountability and financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is Dream Foundation Inc legitimate?
Dream Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dream Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Dream Foundation Inc?
Dream Foundation Inc's mission involves two primary aspects. They are dedicated to constructing handicap-accessible playgrounds, providing recreational spaces that cater to individuals with physical challenges. Additionally, they engage in fundraising activities to support the Muscular Dystrophy Association (MDA), an organization focused on combating muscular dystrophy, ALS, and related neuromuscular diseases. By building accessible playgrounds and supporting MDA, Dream Foundation Inc contributes to enhancing the quality of life for individuals with disabilities and aiding in the fight against related diseases.
Who is the CEO of Dream Foundation Inc?
Mitch Barnes is the President of Dream Foundation Inc.
What is the revenue of Dream Foundation Inc?
Dream Foundation Inc's revenue in 2022 was $36,375.
Who are the executives of Dream Foundation Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Dream Foundation Inc?
Dream Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Dream Foundation Inc
Dream Foundation Inc, as stated, is devoted to constructing handicap-accessible playgrounds and raising funds for the Muscular Dystrophy Association (MDA). This organization's mission is to ensure that children with disabilities have equal opportunities to play and interact with their peers, fostering inclusion and enjoyment. By building accessible playgrounds, Dream Foundation Inc aims to create safe and fun environments for all children, regardless of their physical abilities. Additionally, the organization supports the Muscular Dystrophy Association in its efforts to find treatments and cure muscular dystrophy, a group of genetic disorders that cause progressive muscle weakness and loss of mobility. By providing financial assistance, Dream Foundation Inc is contributing to the broader goal of improving the lives of individuals affected by these debilitating conditions.
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Impact
August, 2024
Dream Foundation Inc has made a significant impact on the community by building handicap accessible playgrounds and raising money for MDA. Through their efforts, they have enhanced the lives of individuals with disabilities and contributed to the well-being of the community as a whole. Their mission to provide inclusive recreational opportunities for all individuals demonstrates their commitment to creating a more accessible and inclusive society.
This information is meant to be a general summary of Dream Foundation 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 2022.
- Investment Income: $268
- Gross Receipts: $36,375
Assets and Liabilities:
- Total Assets: $60,975
- Total Liabilities: $0
- Net Assets: $60,975
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Organization Details
Founding Year
1998
Phone
(502) 495-0261Principal Officer
Mitch Barnes
Main Address
8216 Limehouse Lane, Louisville, KY, 40220
NTEE Category
Code: G99 - Disease
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