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Dreams Come True Inc

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

EIN: 742788158 ✦ San antonio, TX ✦ Designated as a 501(c)(3)

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Overview

What is Dreams Come True Inc?

Dreams Come True Inc, situated in San Antonio, Texas, is a dedicated nonprofit organization that offers residential care for six individuals grappling with mental challenges. Their primary focus is to provide a nurturing environment for these individuals, offering round-the-clock support. The organization goes beyond basic care, providing daycare services that include essential life skills training, job preparation, and social skills development. This holistic approach equips their clients with valuable tools to navigate their lives more effectively. With a committed workforce of six individuals, Dreams Come True Inc is committed to enhancing the quality of life for those in need.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 73%, Two-Star out of Four Star rating.

Dreams Come True Inc has received a 73% rating from Charity Navigator, which reflects a Two-Star designation. This rating is primarily based on the organization's accountability and financial health. The organization excels in several areas, including having an entirely independent board and a strong program expense ratio, indicating that a significant portion of its resources is directed towards its mission.

However, the organization faces notable limitations, particularly in governance and transparency. Key policies related to conflict of interest, whistleblower protections, and document retention are missing, which detracts from its overall accountability score. Additionally, the absence of publicly available tax forms on the nonprofit's website raises concerns about transparency and accessibility of information.

Overall, while Dreams Come True Inc demonstrates strong financial management and governance through an independent board, it must address its policy deficiencies to improve its rating and build greater trust with stakeholders.


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

Is Dreams Come True Inc legitimate?

Dreams Come True Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dreams Come True 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: $73,166
Professional Fundraising Fees: $0
Other Salaries and Wages: $146,909

For more financial information, click here

What is the mission statement of Dreams Come True Inc?

Dreams Come True Inc is committed to providing residential care for individuals with mental challenges. Their mission involves offering 24-hour care, providing daycare services, and teaching essential life skills, job training, and social skills. The aim is to equip their clients with necessary tools to lead fulfilling lives.

Who is the CEO of Dreams Come True Inc?

George Ed Kelley is the Director of Dreams Come True Inc.

What is the revenue of Dreams Come True Inc?

Dreams Come True Inc's revenue in 2022 was $625,096.

Who are the executives of Dreams Come True Inc and what are their salaries?

The average compensation at Dreams Come True Inc during 2022 was $36,679. There are 6 employees at Dreams Come True Inc.


Here are 5 key members and their salaries:


Richard Knutson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Teresa Thompson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Glenn Williams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Ed Kelley (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Judy Masters (Sectreasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Dreams Come True Inc?

Dreams Come True Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Dreams Come True Inc

Dreams Come True Inc, a nonprofit organization, is dedicated to providing residential care for individuals with mental challenges. Their mission centers around offering a living environment that caters to the unique needs of six mentally challenged individuals. Beyond mere residence, the organization goes the extra mile to equip these individuals with essential life skills, job training, and social skills. This comprehensive approach aims to equip their clients with the tools necessary to navigate their daily lives more effectively.

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Impact




July, 2024

Dreams Come True Inc provides residential care for mentally challenged individuals in San Antonio, Texas. They offer 24-hour daycare services that focus on life skills, job training, and social skills to empower their clients with the necessary tools for independent living. Their impact can be seen in the improved quality of life for these individuals and the support they receive in developing essential skills for personal and professional growth. Dreams Come True Inc plays a vital role in enhancing the well-being and independence of mentally challenged individuals in the community.




This information is meant to be a general summary of Dreams Come True 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.

Revenue
$625,096 (2022)
Expenses
$346,734 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $251,804
  • Program Service Revenue: $371,171
  • Gross Receipts: $784,311

Assets and Liabilities:

  • Total Assets: $991,768
  • Total Liabilities: $913
  • Net Assets: $990,855

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

GROUP HOME

Revenue

$371,171

Organization Details

Founding Year

1994

Principal Officer

George Ed Kelley

Main Address

3242 SWANDALE, SAN ANTONIO, TX, 782304404

NTEE Category

Code: P82 - Human services

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