The Dreamyard Project INC

Tax-deductible

Bronx, NY501(c)(3)Since 1994Arts & CultureEIN 13-3759661Revenue $6.0M in FY2024

On file with the IRSdreamyard.com1085 Washington Ave, 10456-6669 · Bronx, NYTax-exempt since Sep 1994Publicly supported charity — 170(b)(1)(A)(vi)

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The Dreamyard Project, INC. (Dreamyard) is an arts and social justice organization dedicated to working with bronx youth, families, and schools to build pathways toward equity and opportunity.

501(c)(3) charity; gifts are tax-deductible.
68¢ of each $1 spent went to programs.
Run by 41 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $73K a year · 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
68%
of spending
Fine: 68% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.0M
to officers and key staff · 15% of spending
Top officer’s pay higher than 71% of similar orgs
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
31
named funders · $1.8M
Looks good: 31 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2.8M
53% of total assets
Fine: liabilities are 53% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
20
of 20 voting members
Looks good: 20 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.0M
-13% vs prior year
Spent
$6.9M
To programs
68%
Net assets
$2.4M
By yearFY2020–FY2024
Revenue
$6.0M
FY2024▼ -13%
Tap a bar for its year
Revenue by fiscal year
FY2020$6.8M
FY2021$5.5M
FY2022$5.7M
FY2023$7.0M
FY2024$6.9M
FY2024$6.0M
Expenses
$6.9M
FY2024▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2020$6.2M
FY2021$5.9M
FY2022$6.3M
FY2023$6.9M
FY2024$7.0M
FY2024$6.9M
Net assets
$2.4M
FY2024▼ -26%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.3M
FY2021$4.0M
FY2022$3.3M
FY2023$3.4M
FY2024$3.3M
FY2024$2.4M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1994.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

68 cents of each dollar spent went to programs.

Program services 68% · $4.7M Management & general 26% · $1.8M Fundraising 6% · $412K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

28 people listed on the 990; $1.0M paid to officers and key staff.

Part VII, Section A · reportable compensation
Co-Executive Director
$160,289Pt VII · Sec A
Co-Executive Director
$156,775Pt VII · Sec A
Chief Operating Officer
$156,639Pt VII · Sec A
Director of People and Culture
$126,556Pt VII · Sec A
Director of School Partnerships & Design Programs
$114,365Pt VII · Sec A
Former Director of Finance
$109,879Pt VII · Sec A
Director of Legacy and Internship Programs
$101,847Pt VII · Sec A
Director of Arts Center
$100,032Pt VII · Sec A

Thomas Lord’s $160K as Co-Executive Director is at the 71st percentile of top reported officer pay among 3924 $1–10M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Thomas Lord$160,289$146,957$149,583$146,609$132,600$141,190
Jason Duchin$156,775$144,766$145,157$142,760$128,950$138,114
Kanika Srinivasan$156,639—————
Samantha Phillips$126,556—————
Moriah Carlson$114,365———$105,887$106,617
Michelle a Stone-Pennycooke$109,879—————
Michelle Stone-Clarke—$105,115$109,083———
Ella Cohen$101,847—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Dreamyard Project INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowers Bronx youth, families, and schools through arts to build equity and opportunity.

Provided by the organization

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3 programs · $4.2M · in their own filed words · FY2024
01

In-school programs uses ny state-standards-based arts instruction in a year-long program model offers both in-school and after-school arts residencies. The following art programs are available: dance, journalism, design, maker, music, poetry, theater, visual art, digital arts, and fashion.

$2.4Mprogram expense
02

BX start dreamyard's BX start provides a space where the power of design and digital media can be used to promote economic opportunity. Bxstart programs run during after school hours, saturdays and throughout the summer. The following art programs are available: journalism, design, maker, digital arts, and fashion.

$1.2Mprogram expense
03

Work-based learning through our creative career pathway program, dreamyard is increasing the percentage of high school and post-secondary students of the bronx, ny who are placed in paid internships, employment, and entrepreneurial experiences.

$620Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 31 funders →
Grants paid · 21 grants · $1.7M · 2019–2024
Unitemized GrantFY2024$33,199
Unitemized GrantFY2023$53,623
Raw Art Works INCMA · FY2023$7,000
Imagination Stage INCMD · FY2023$7,000
A Reason to SurviveCA · FY2023$7,000
Unitemized GrantFY2022$21,866
Unitemized GrantFY2021$69,220
Here to Here Foundation INCNY · FY2021$67,250
The Bronx Foundation INCNY · FY2020$576,395
Here to Here Foundation INCNY · FY2020$407,750
Fii - NationalCA · FY2020$91,450
Unitemized GrantFY2020$33,936
Musical Theatre Factory INCNY · FY2020$25,000
The Bronx Documentary CenterNY · FY2020$18,750
The Laundromat Project INCNY · FY2020$10,000
See all 21 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$6.0M
Ln 12
Gifts and grantsLn 1h$4.8M
Fees for servicesLn 2g$1.2M
Investment incomeLn 3$228
Money outPt IX
$6.9M
Ln 25
Programscol B$4.7M
Managementcol C$1.8M
Fundraisingcol D$412K
Owns and owesPt X
$2.4M
net assets · Ln 32
Cash and savingsLn 1–2$884K
Total assetsLn 16$5.2M
LiabilitiesLn 26$2.8M
PeoplePt VI, VII
28
listed · VII A
PaidVII A8
Voting boardVI 1a20
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.8M
Government grantsLn 1e$1.3M
Noncash giftsLn 1g$28K
Fundraising eventsLn 1c$978K
Fees for servicesLn 2g$1.2M
Investment incomeLn 3$228
Total revenueLn 12$6.0M
Assets in detailPt X, end of year
CashLn 1$162K
SavingsLn 2$722K
Cash and savings togetherLn 1–2$884K
Land, buildings, equipmentLn 10c$58K
Other assetsLn 15$1.5M
Total assetsLn 16$5.2M
LiabilitiesLn 26$2.8M
Net assetsLn 32$2.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 641
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.3M$884K
Land, buildings, equipmentLn 10c$90K$58K
Total assetsLn 16$5.9M$5.2M
LiabilitiesLn 26$2.6M$2.8M
Net assetsLn 32$3.3M$2.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$33K$33K
Pay of current officers, directors and key staffLn 5$333K$238K$77K$18K
Other salaries and wagesLn 7$4.1M$3.0M$956K$218K
Pension plan contributionsLn 8$24K$17K$5K$1K
Other employee benefitsLn 9$305K$218K$71K$16K
Payroll taxesLn 10$447K$319K$103K$24K
Accounting feesLn 11c$264K$264K
Professional fundraising feesLn 11e$48K$48K
Other fees for servicesLn 11g$258K$159K$77K$22K
Advertising and promotionLn 12$880$340$100$440
Office expensesLn 13$121K$77K$24K$20K
Information technologyLn 14$134K$67K$46K$21K
OccupancyLn 16$225K$152K$62K$11K
TravelLn 17$61K$56K$3K$2K
Conferences, conventions and meetingsLn 19$112K$110K$1K$662
InterestLn 20$13K$13K
Depreciation, depletion and amortizationLn 22$32K$30K$1K$1K
InsuranceLn 23$50K$50K
Other expenses (24a–d)Ln 24$277K$260K$8K$9K
All other expensesLn 24e$2K$2K$183
Total functional expensesLn 25$6.9M$4.7M$1.8M$412K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $6.9M$7.0M−$109K$3.3M 990 PDF
FY2023 $7.0M$6.9M$63K$3.4M 990 PDF
FY2022 $5.7M$6.3M−$620K$3.3M 990 PDF
FY2021 $5.5M$5.9M−$341K$4.0M 990 PDF
FY2020 $6.8M$6.2M$639K$4.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $6,006,527 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,734,471$4,797,372
I-9 Program service revenuePrior year $1,152,799$1,221,554
I-10 Investment incomePrior year $215$228
I-11 Other revenuePrior year −$13,209−$12,627
I-12 Total revenuePrior year $6,874,276$6,006,527
I-13 Grants and similar amounts paidPrior year $81,623$33,199
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $5,432,713$5,232,013
I-16a Professional fundraising feesPrior year $0$48,496
I-17 Other expensesPrior year $1,468,833$1,551,028
I-18 Total expensesPrior year $6,983,169$6,864,736
I-19 Revenue less expensesPrior year −$108,893−$858,209
Part VI · Governance 20 of 20 board members independent, no flags
VI-1a Voting members of the governing body20
VI-1b Independent voting members20
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $6,006,527 across 11 lines filed
VIII-1c Fundraising events$978,078
VIII-1d Related organizations$75,000
VIII-1e Government grants$1,319,473
VIII-1f All other contributions, gifts and grants$2,424,821
VIII-1g Noncash contributions (included above)$28,060
VIII-1h Total contributions, gifts and grants$4,797,372
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,221,554$1,221,554
VIII-3 Investment incomeExcluded from tax $228$228
VIII-6 Net rental income or lossExcluded from tax $30,500$30,500
VIII-8 Net income from fundraising eventsExcluded from tax −$43,128−$43,128
VIII-12 Total revenueRelated to mission $1,221,554 · Unrelated business $0 · Excluded from tax −$12,399$6,006,527
Part IX · Statement of functional expenses $6,864,736 across 20 lines filed
IX-2 Grants to domestic individualsPrograms $33,199$33,199
IX-5 Pay of current officers, directors and key staffPrograms $238,037 · Management $77,107 · Fundraising $17,577$332,721
IX-7 Other salaries and wagesPrograms $2,950,497 · Management $955,753 · Fundraising $217,868$4,124,118
IX-8 Pension plan contributionsPrograms $16,832 · Management $5,452 · Fundraising $1,243$23,527
IX-9 Other employee benefitsPrograms $218,252 · Management $70,699 · Fundraising $16,116$305,067
IX-10 Payroll taxesPrograms $319,494 · Management $103,494 · Fundraising $23,592$446,580
IX-11c Accounting feesManagement $263,676$263,676
IX-11e Professional fundraising feesFundraising $48,496$48,496
IX-11g Other fees for servicesPrograms $158,711 · Management $76,952 · Fundraising $22,427$258,090
IX-12 Advertising and promotionPrograms $340 · Management $100 · Fundraising $440$880
IX-13 Office expensesPrograms $77,307 · Management $23,861 · Fundraising $19,767$120,935
IX-14 Information technologyPrograms $67,287 · Management $46,266 · Fundraising $20,588$134,141
IX-16 OccupancyPrograms $152,147 · Management $62,275 · Fundraising $10,634$225,056
IX-17 TravelPrograms $56,139 · Management $2,599 · Fundraising $1,991$60,729
IX-19 Conferences, conventions and meetingsPrograms $110,211 · Management $1,195 · Fundraising $662$112,068
IX-20 InterestManagement $13,460$13,460
IX-22 Depreciation, depletion and amortizationPrograms $29,577 · Management $1,286 · Fundraising $1,286$32,149
IX-23 InsuranceManagement $50,425$50,425
IX-24 Other expenses (24a–d)Programs $259,826 · Management $8,095 · Fundraising $9,315$277,236
IX-24e All other expensesManagement $2,000 · Fundraising $183$2,183
IX-25 Total functional expensesPrograms $4,687,856 · Management $1,764,695 · Fundraising $412,185$6,864,736
Part X · Balance sheet $5,184,823 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $244,891$162,117
X-2 Savings and temporary cash investmentsStart of year $1,029,746$722,310
X-3 Pledges and grants receivableStart of year $2,101,554$2,127,149
X-4 Accounts receivableStart of year $749,806$626,599
X-9 Prepaid expenses and deferred chargesStart of year $23,209$3,810
X-10c Land, buildings and equipment, netStart of year $89,736$57,587
X-15 Other assetsStart of year $1,658,888$1,485,251
X-16 Total assetsStart of year $5,897,830$5,184,823
X-17 Accounts payable and accrued expensesStart of year $416,182$738,986
X-24 Unsecured notes and loans payableStart of year $499,933$479,998
X-25 Other liabilitiesStart of year $1,696,150$1,538,483
X-26 Total liabilitiesStart of year $2,612,265$2,757,467
X-27 Net assets without donor restrictionsStart of year $2,027,923$1,251,327
X-28 Net assets with donor restrictionsStart of year $1,257,642$1,176,029
X-32 Total net assets or fund balancesStart of year $3,285,565$2,427,356
X-33 Total liabilities and net assetsStart of year $5,897,830$5,184,823
Part XI · Reconciliation of net assets $2,427,356 net assets at year end
XI-1 Total revenue$6,006,527
XI-2 Total expenses$6,864,736
XI-3 Revenue less expenses−$858,209
XI-4 Net assets at start of year$3,285,565
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,427,356

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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