Operation Dream INC FY2022 filing

Milwaukee, WIUnknown exempt organization EIN 26-1455938Revenue $381K in FY2022

On file with the IRSoperation-dream.org1555 N Rivercenter Drive 114 · Milwaukee, WI

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

Holistic support and developmental opportunities for boys and young men ages 4 to 19.

72¢ of each $1 spent went to programs.
$67K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
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
1 of 3
filings with a surplus
Average surplus $30K a year · 5% of revenue · last 3 filings
Worth a look: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$67K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
9 mo
of spending, in cash
Looks good: 8.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $65K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$20K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$381K
-52% vs prior year
Spent
$576K
To programs
72%
Net assets
$484K
By yearFY2020–FY2024
Revenue
$381K
FY2022▼ -52%
Tap a bar for its year
Revenue by fiscal year
FY2020$509K
FY2021$786K
FY2022$381K
FY2023$54K
FY2024$0
Expenses
$576K
FY2022▲ +20%
Tap a bar for its year
Expenses by fiscal year
FY2020$528K
FY2021$480K
FY2022$576K
FY2023Not on file
FY2024Not on file
Net assets
$484K
FY2022▼ -29%
Tap a bar for its year
Net assets by fiscal year
FY2020$246K
FY2021$679K
FY2022$484K
FY2023$24K
FY2024$0

From the FY2022 Form 990 · see the original

Give Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $417K Management & general 24% · $137K Fundraising 4% · $22K

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

Something off? Claim to add context

Who runs it and what they're paid

19 people listed on the 990; $67K paid to officers and key staff.

Part VII, Section A · reportable compensation
$66,823Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2021FY2020
Marco D Morrison Ms Ed$66,823$86,869$77,885

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 Operation Dream INC executive salaries →

On this list? Claim this org

Something off? Claim to add context

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 15aNo

Programs and updates

Provides holistic support and developmental opportunities for boys and young men, ages 4 to 19.

Questions for Operation Dream INC

Tap to ask. Operation Dream INC sees how many people are interested.

Your first name shows with your question. Operation Dream INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $417K · in their own filed words · FY2022
01

Operation Dream

Academic year program (ayp): operation dream provides a full day of academic, recreational and social enrichment programming to almost 100 young men on saturdays. Dream to achieve - young men are referred to this program having been identified at our academic year program. This program serves young men between from 1ST - 12TH grade.

$417Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2022
See all 3 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$381K
Ln 12
Gifts and grantsLn 1h$365K
Other incomeLn 4–11$15K
Money outPt IX
$576K
Ln 25
Programscol B$417K
Managementcol C$137K
Fundraisingcol D$22K
Owns and owesPt X
$484K
net assets · Ln 32
Cash and savingsLn 1–2$423K
Total assetsLn 16$504K
LiabilitiesLn 26$20K
PeoplePt VI, VII
19
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$365K
Other incomeLn 4–11$15K
Total revenueLn 12$381K
Assets in detailPt X, end of year
CashLn 1$423K
SavingsLn 2$100
Cash and savings togetherLn 1–2$423K
Land, buildings, equipmentLn 10c$39K
Total assetsLn 16$504K
LiabilitiesLn 26$20K
Net assetsLn 32$484K
OperationsPt I, VI
EmployeesI 512
VolunteersI 612
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$484K$423K
Land, buildings, equipmentLn 10c$41K$39K
Total assetsLn 16$702K$504K
LiabilitiesLn 26$23K$20K
Net assetsLn 32$679K$484K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$67K$50K$13K$3K
Other salaries and wagesLn 7$203K$152K$41K$10K
Other employee benefitsLn 9$14K$11K$3K$724
Payroll taxesLn 10$29K$22K$6K$1K
Legal feesLn 11b$150$150
Accounting feesLn 11c$36K$36K
Other fees for servicesLn 11g$48K$40K$9K
Advertising and promotionLn 12$4K$3K$895$224
Office expensesLn 13$11K$8K$2K$536
OccupancyLn 16$65K$49K$13K$3K
TravelLn 17$14K$10K$3K$683
Depreciation, depletion and amortizationLn 22$2K$1K$377$94
InsuranceLn 23$18K$13K$4K$895
Other expenses (24a–d)Ln 24$64K$57K$6K$656
All other expensesLn 24e$385$289$77$19
Total functional expensesLn 25$576K$417K$137K$22K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $0$0 990 PDF
FY2023 $54K$24K 990 PDF
FY2022 Viewing $381K$576K−$195K$484K 990 PDF
FY2021 $786K$480K$306K$679K 990 PDF
FY2020 $509K$528K−$19K$246K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $380,578 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $783,185$365,090
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $3,059$15,488
I-12 Total revenuePrior year $786,244$380,578
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $304,239$313,714
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $176,031$262,297
I-18 Total expensesPrior year $480,270$576,011
I-19 Revenue less expensesPrior year $305,974−$195,433
Part VI · Governance 12 of 12 board members independent, 4 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $380,578 across 4 lines filed
Lines not itemized here account for $14,853 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$365,090
VIII-1h Total contributions, gifts and grants$365,090
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $635$635
VIII-12 Total revenueRelated to mission $15,488 · Unrelated business $0 · Excluded from tax $0$380,578
Part IX · Statement of functional expenses $576,011 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $50,117 · Management $13,365 · Fundraising $3,341$66,823
IX-7 Other salaries and wagesPrograms $152,318 · Management $40,619 · Fundraising $10,156$203,093
IX-9 Other employee benefitsPrograms $10,867 · Management $2,898 · Fundraising $724$14,489
IX-10 Payroll taxesPrograms $21,982 · Management $5,862 · Fundraising $1,465$29,309
IX-11b Legal feesManagement $150$150
IX-11c Accounting feesManagement $35,740$35,740
IX-11g Other fees for servicesPrograms $39,785 · Management $8,582$48,367
IX-12 Advertising and promotionPrograms $3,358 · Management $895 · Fundraising $224$4,477
IX-13 Office expensesPrograms $8,035 · Management $2,480 · Fundraising $536$11,051
IX-16 OccupancyPrograms $48,773 · Management $13,006 · Fundraising $3,252$65,031
IX-17 TravelPrograms $10,249 · Management $2,733 · Fundraising $683$13,665
IX-22 Depreciation, depletion and amortizationPrograms $1,412 · Management $377 · Fundraising $94$1,883
IX-23 InsurancePrograms $13,423 · Management $3,579 · Fundraising $895$17,897
IX-24 Other expenses (24a–d)Programs $56,644 · Management $6,351 · Fundraising $656$63,651
IX-24e All other expensesPrograms $289 · Management $77 · Fundraising $19$385
IX-25 Total functional expensesPrograms $417,252 · Management $136,714 · Fundraising $22,045$576,011
Part X · Balance sheet $504,115 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $483,933$422,589
X-2 Savings and temporary cash investmentsStart of year $100$100
X-4 Accounts receivableStart of year $39,859$42,776
X-10c Land, buildings and equipment, netStart of year $40,533$38,650
X-16 Total assetsStart of year $701,775$504,115
X-17 Accounts payable and accrued expensesStart of year $22,695$20,468
X-26 Total liabilitiesStart of year $22,695$20,468
X-27 Net assets without donor restrictionsStart of year $474,789$338,553
X-28 Net assets with donor restrictionsStart of year $204,291$145,094
X-32 Total net assets or fund balancesStart of year $679,080$483,647
X-33 Total liabilities and net assetsStart of year $701,775$504,115
Part XI · Reconciliation of net assets $483,647 net assets at year end
XI-1 Total revenue$380,578
XI-2 Total expenses$576,011
XI-3 Revenue less expenses−$195,433
XI-4 Net assets at start of year$679,080
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$483,647

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.