Overview
What is Dream Big Foundation Inc?
Dream Big Foundation Inc, located in Crownsville, Maryland, is a dedicated nonprofit organization focused on bolstering the capabilities of community-based institutions. Their primary goal is to integrate these nonprofits effectively, aiming to bring about transformative outcomes for children and youth residing in underserved Baltimore neighborhoods. With a modest workforce of four individuals, Dream Big Foundation Inc contributes significantly to the local community by fostering the growth and performance of these organizations, ultimately aiming to improve the lives of the area's youth.
Official website here: www.dreambigbaltimore.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star Rating, 73%)
The Dream Big Foundation Inc has received a Two-Star rating from Charity Navigator, indicating a need for improvement in various aspects of its operations. With an overall score of 73%, the organization demonstrates a solid program expense ratio of 79.09%, reflecting a strong commitment to its mission. Additionally, all board members are independent, which enhances the governance structure of the nonprofit.
However, the organization faces significant challenges in accountability and financial transparency. It has not provided financial statements, leading to a zero score in that area, and lacks essential policies such as a whistleblower policy and document retention and destruction policy. Furthermore, the absence of tax forms on its website raises concerns regarding overall transparency.
While Dream Big Foundation Inc shows strengths in program expenses and governance, the lack of financial documentation and certain governance policies suggest areas that require urgent attention to enhance trust and accountability among its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Dream Big Foundation Inc legitimate?
Dream Big Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dream Big 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: $485,949
For more financial information, click here
Official website here: www.dreambigbaltimore.org
What is the mission statement of Dream Big Foundation Inc?
The Dream Big Foundation Inc's mission is centered around enhancing the capabilities of community-based nonprofits. By fortifying their performance, the foundation aims to seamlessly integrate them, ultimately resulting in significant life improvements for underprivileged children and youth residing in Baltimore neighborhoods. The organization's primary objective is to bring about transformational changes in these communities.
Official website here: www.dreambigbaltimore.org
Who is the CEO of Dream Big Foundation Inc?
Sean F Murphy Sr is the Founder/Boar of Dream Big Foundation Inc.
Official website here: www.dreambigbaltimore.org
What is the revenue of Dream Big Foundation Inc?
Dream Big Foundation Inc's revenue in 2022 was $1,405,342.
Official website here: www.dreambigbaltimore.org
Who are the executives of Dream Big Foundation Inc and what are their salaries?
The average compensation at Dream Big Foundation Inc during 2022 was $121,487. There are 4 employees and 6 volunteers at Dream Big Foundation Inc.
Here are 9 key members and their salaries:
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- Compensation: $207,000
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- Other: $5,300
- Compensation: $148,333
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- Other: $6,900
- Compensation: $105,000
- Related: $0
- Other: $0
Official website here: www.dreambigbaltimore.org
Where can I find the form 990 for Dream Big Foundation Inc?
Dream Big Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.dreambigbaltimore.org
Learn more at the official website: www.dreambigbaltimore.org
Mission Statement of Dream Big Foundation Inc
Dream Big Foundation Inc is committed to enhancing the capabilities of community-based nonprofits in underserved Baltimore neighborhoods. Their mission is to integrate these organizations effectively, with the ultimate goal of bringing about transformative results for children and youth living in these areas. By strengthening these nonprofits, Dream Big Foundation Inc aims to achieve significant improvements in the lives of these young individuals.
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Impact
July, 2024
Dream Big Foundation Inc has made a significant impact in underserved Baltimore neighborhoods by strengthening the performance of community-based organizations and effectively integrating them to achieve life-changing results for children and youth. Their work has led to tangible improvements in these communities, providing vital support and resources to those who need it most. By focusing on community improvement, Dream Big Foundation Inc has created a positive ripple effect that has touched the lives of many individuals and families in need.
This information is meant to be a general summary of Dream Big 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: $62,817
- Gross Receipts: $1,405,342
Assets and Liabilities:
- Total Assets: $3,123,942
- Total Liabilities: $863,462
- Net Assets: $2,260,480
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Organization Details
Founding Year
2017
Phone
(240) 495-0488Principal Officer
Sean F Murphy Sr
Main Address
1450 WILDERNESS RIDGE TRAIL, CROWNSVILLE, MD, 21032
Website
www.dreambigbaltimore.orgNTEE Category
Code: S12 - Community improvement
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