Overview
What is Dreams Work Inc?
Dreams Work Inc, situated in Hyattsville, Maryland, is a nonprofit organization committed to serving underprivileged urban youth. Their primary initiative is an enrichment program called The Urban Farm Stand Entrepreneurial Program, which caters to over 200 young individuals during the summer. Through this program, the youth are introduced to essential business concepts and management principles. The ultimate aim of Dreams Work Inc is to offer program enrichment services, contributing to the personal growth and development of these underrepresented youth. The organization employs a small team of seven dedicated individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating 31% - Zero-Star out of Four Star Rating
Dreams Work Inc has received a Zero-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial management. The organization scored particularly low on metrics such as independent board membership, where it has no independent members, raising questions about governance and oversight. Despite a perfect score in areas like financial statements audit and the absence of material diversion of assets, the lack of independent oversight is a critical weakness.
Additionally, the nonprofit has deficiencies in transparency, as highlighted by missing website listings and several governance policies. Its financial health is also a concern, with a low program expense ratio of 42.66%, suggesting that a substantial portion of funds may not be directed toward its programs and services. This raises questions about the efficiency and effectiveness of the organization's operations.
Overall, while Dreams Work Inc has some strengths in compliance and auditing, the overall rating reflects a need for improvement in governance, transparency, and financial management. Potential donors and stakeholders may want to consider these factors before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Dreams Work Inc legitimate?
Dreams Work Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dreams Work 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: $395,728
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Dreams Work Inc?
Dreams Work Inc's mission is centered around providing enrichment services to underprivileged and underserved urban youth. This mission is executed through various programs, one of which is the Urban Farm Stand Entrepreneurial Program. This summer enrichment initiative serves over 200 youth, teaching them fundamental business operations and introducing them to management principles. The goal is to equip these young individuals with essential skills, fostering their personal growth and development.
What is the revenue of Dreams Work Inc?
Dreams Work Inc's revenue in 2023 was $1,198,630.
Who are the executives of Dreams Work Inc and what are their salaries?
The average compensation at Dreams Work Inc during 2023 was $30,441. There are 13 employees and 26 volunteers at Dreams Work Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Dreams Work Inc?
Dreams Work Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Dreams Work Inc
Dreams Work Inc, a nonprofit organization, is committed to providing program enrichment services to underserved and underprivileged urban youth. Their mission is to equip these young individuals with essential skills and knowledge, with a particular focus on business operations and management principles. This is achieved through innovative programs such as the Urban Farm Stand Entrepreneurial Program, which serves over 200 youth each summer. Through this program, Dreams Work Inc aims to empower urban youth by teaching them the fundamentals of running a business, thereby providing them with valuable tools for personal growth and future success.
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Impact
July, 2024
Dreams Work Inc's impact lies in the transformative opportunities it provides for underserved and underprivileged urban youth. Through its Urban Farm Stand Entrepreneurial Program, which serves over 200 youth in Hyattsville, MD, Dreams Work Inc empowers young individuals by teaching them the basics of business operation and introducing them to management principles. By offering these crucial skills and knowledge, Dreams Work Inc equips youth with the tools they need to succeed in an increasingly competitive world, ultimately fostering their personal growth and development. Their dedication to youth development reflects their commitment to creating a brighter future for the next generation.
This information is meant to be a general summary of Dreams Work 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 2023.
- Investment Income: $49,050
- Gross Receipts: $1,198,630
Assets and Liabilities:
- Total Assets: $1,422,613
- Total Liabilities: $9,852
- Net Assets: $1,412,761
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Organization Details
Founding Year
2010
Principal Officer
Costello Wilson
NTEE Category
Code: O50 - Youth development
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