Dream Factory grants dreams for critically and chronically ill children between the ages of three through eighteen, utilizing a network of volunteers in their active chapter communities. The organization funds the cost of dream vacations and other requests by dream recipients.
For the year ended August 31, 2019, Dream Factory's program expenses were:
Program services |
$2,822,786 |
Total Program Expenses: |
$2,822,786 |
*2018 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Grant proposals, Invitations to fund raising events, Print advertisements (newspapers, magazines, etc.), Cause- related marketing (affinity credit cards, consumer product sales, etc.)
Fundraising costs were 3% of related contributions. (Related contributions, which totaled $2,716,415, are donations received as a result of fundraising activities.)
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 Dream Factory's audited financial statements - consolidated for the year ended August 31, 2019.
Source of Funds |
Donations in-kind |
$1,086,769 |
Special events, net |
$971,499 |
Donations and fund raising revenue |
$658,147 |
Investment income |
$31,120 |
Miscellaneous income |
$30,867 |
Realized and unrealized loss on investments |
($14,757) |
Total Income |
$2,763,645 |
- Programs: 77%
- Administrative: 5%
- Fundraising: 3%
Total Income |
$2,763,645 |
Program expenses |
$2,822,786 |
Fundraising expenses |
$90,337 |
Administrative expenses |
$148,473 |
Other expenses |
$0 |
Total expenses: |
$3,711,156 |
Income in Excess of Expenses |
$-947,511 |
Beginning Net Assets |
$4,499,013 |
Other Changes In Net Assets |
$0 |
Ending Net Assets |
$4,201,062 |
Total Liabilities |
$52,427 |
Total Assets |
$4,253,489 |
Note: According to Dream Factory's audited financial statements - consolidated - for the year ended August 31, 2019, the organization received in-kind contributions totaling $1,086,769 in the form of dream vacations ($916,242) and miscellaneous ($170,527).