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Dream It Foundation Inc

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

EIN: 831992325 ✦ Miami, FL ✦ Designated as a 501(c)(3)

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Overview

What is Dream It Foundation Inc?

Dream It Foundation Inc, located in Miami, Florida, is a small nonprofit organization with a focus on television production. Their primary mission is to create and disseminate motivational and inspirational content through various mediums, such as television, web, social media, radio, books, music, and events. Notably, some of their productions aim to assist other foundations in their missions. The foundation's headquarters can be found at 11034 NW 47 Ln, Miami, FL 33178. With a team of just two dedicated individuals, Dream It Foundation Inc is committed to using its content to inspire and uplift.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 67%, earning it a Two-Star out of Four Star rating. This rating indicates that while the Dream It Foundation Inc demonstrates some strengths in governance, particularly with a fully independent board and effective management of liabilities, there are significant areas needing improvement, especially in financial transparency and accountability.

The organization scored well on the Program Expense Ratio, with 84.72% of its expenses being directed towards program activities, showcasing a commitment to its mission. However, the low scores in financial statement availability, conflict of interest policy, and other governance practices suggest a lack of transparency that could raise concerns for potential donors and stakeholders.

Overall, while Dream It Foundation Inc has established certain strong governance structures, the absence of key financial documents and policies might hinder its credibility and trustworthiness in the nonprofit sector. Enhancements in these areas could contribute to a higher rating in the future and build greater trust with the community it serves.


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

Is Dream It Foundation Inc legitimate?

Dream It Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dream It 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: $57,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $54

For more financial information, click here

What is the mission statement of Dream It Foundation Inc?

The Dream It Foundation Inc's mission is centered around the production, promotion, and distribution of uplifting and motivational content. This content is created for various platforms such as television, web, social media, radio, books, records, music, documents, and events. Notably, some of this content is produced to aid other foundations as well. In essence, the foundation aims to inspire and motivate through its media output.

Who is the CEO of Dream It Foundation Inc?

Nelson Bustamante Officer is the Director of Dream It Foundation Inc.

What is the revenue of Dream It Foundation Inc?

Dream It Foundation Inc's revenue in 2022 was $1,009,039.

Who are the executives of Dream It Foundation Inc and what are their salaries?

The average compensation at Dream It Foundation Inc during 2022 was $28,527. There are 2 employees at Dream It Foundation Inc.


Here are 4 key members and their salaries:


Julio C Cabrera (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nelson Bustamante (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alexandre Correa (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edgar Garcia (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Dream It Foundation Inc?

Dream It Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Dream It Foundation Inc

Dream It Foundation Inc is dedicated to producing, promoting, and distributing inspirational and motivational content across various platforms such as television, web, social media, radio, books, records, music, documents, and events. One of their primary objectives is to edit and publish this content, some of which is created to aid other foundations. In this endeavor, the foundation has been involved in the production of the TV program 'Corazones Guerreros' (Warrior Hearts), which is an integral part of their mission. The content produced by Dream It Foundation Inc is intended to uplift and motivate, contributing positively to society.

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Impact




July, 2024

Dream It Foundation Inc's impact is felt through the production, promotion, and distribution of inspirational and positive content across various media platforms. Their work aims to inspire and motivate individuals through television programs, web content, social media, radio broadcasts, books, music, and events. This commitment to uplifting content not only benefits viewers but also supports other foundations through collaborative projects. The foundation's dedication to spreading positivity and empowerment contributes to the well-being of the community.




This information is meant to be a general summary of Dream It 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.

Revenue
$1,009,039 (2022)
Expenses
$1,048,916 (2022)
Efficiency

Other financial information:

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

  • Gross Receipts: $1,009,039

Assets and Liabilities:

  • Total Assets: $78,937
  • Total Liabilities: $28,215
  • Net Assets: $50,722

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Organization Details

Founding Year

2018

Principal Officer

Nelson Bustamante Officer

Main Address

11034 NW 47 Ln, Miami, FL, 33178

NTEE Category

Code: P20 - Human services

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