Live Your Dream Foundation
Meets Standards
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
Live Your Dream Foundation meets the 20 Standards for Charity Accountability.
Stated Purpose:
Scholarships for single mothers in Utah.
Year, State Incorporated:
2010, UT
Live Your Dream is a nonprofit organization that is committed to supporting single-mother families. The organization provides various programs and services to help these families overcome the challenges they face. One of the main programs that Live Your Dream offers is scholarships for single mothers who wish to gain an education. These scholarships cover tuition fees and other related costs, allowing single mothers to pursue their academic goals while easing the financial burden. By investing in education, Live Your Dream aims to empower single mothers to break the cycle of poverty, improve their financial stability, and provide a better future for themselves and their children. Live Your Dream also provides several service projects. These projects are designed to provide practical support to single mothers and their children. They include providing Mother's Day bags and activities, school supplies for single-mother children, Thanksgiving meals, Christmas baskets, and fun outings/activities for single-mother families. By providing these services, Live Your Dream aims to improve the quality of life for single mothers and their families, and to create a sense of community and belonging. In addition to these programs, Live Your Dream also provides online and App resources to single mothers. The Live Your Dream Foundation has a free App in the App Store, which offers a variety of resources and tools to help single mothers with their daily challenges. These resources include financial management tools, parenting tips, and information on local resources and support services. Through these programs and services, Live Your Dream is making a significant difference in the lives of single-mother families. The organization is committed to continuing its work to empower and support these families, and to create a brighter future for them and their children.
For the year ended December 31, 2023, Live Your Dream Foundation's program expenses were:
| Programs | $113,375 |
| Total Program Expenses | $113,375 |
Chair of the Board
Katie Bunnell, Founder
Chair's Profession / Business Affiliation
Board Size
7
Paid Staff Size
1
Method(s) Used:
Invitations to fund raising events, Grant proposals, Internet, Appeals via Social Media (Facebook, etc.)
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Live Your Dream Foundation's IRS Form 990 for the year ended December 31, 2023.
Source of Funds
| Contributions and Grants | $274,571 |
| Other Revenue | $35,956 |
| Investment Income | $27,174 |
| Total Income | $337,701 |
Programs: 85% Fundraising: 12% Administrative: 2%
| Total Income | $337,701 |
| Total expenses: | $132,900 |
| Program expenses | $113,375 |
| Fundraising expenses | $16,529 |
| Administrative expenses | $2,996 |
| Other expenses | $0 |
| Income in Excess of Expenses | $204,801 |
| Beginning Net Assets | $473,277 |
| Other Changes In Net Assets | $8,828 |
| Ending Net Assets | $686,906 |
| Total Liabilities | $590 |
| Total Assets | $687,496 |
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
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Meets Standards
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Standards Not Met
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Did Not Disclose
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Review in Progress
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Unable to Verify
Report completed by:
BBB Serving the Mountain West