Dream Orchestra INC EIN 45-3354247 Form 990 (PDF) Claim this org

Dream Orchestra INC

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Promotes classical music concerts, education, and charity events for community enrichment and support. For fiscal year 2024 it reported $447K in revenue, $411K in expenses, and $209K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Los Angeles, CA
Filings
5 on file (2020–2024)
Revenue
$447KFY2024
Expenses
$411K
Net assets
$209K
People
2
Filings
5
Updates
0
More identity details & actions ⌄
EIN  45-3354247 Public charity (501(c)(3)) Los Angeles, CA
Form 990 (PDF)
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Size
$100K–1M
What they do
Promotes classical music concerts, education, and charity events for community enrichment and support.
Leadership
Yoon Kahm · Secretary
Money in and out
$447K revenue, $411K expenses
Bottom line
53% program efficiency
Where the money goes · FY2024
Total revenue
$447K
Pt VIII · Ln 12
Total expenses
$411K
Pt IX · Ln 25
Net assets
$209K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $36K
Where spending went · Part IX cols B–D
Program services $0.53 Management & general $0.47
Program efficiency
53%
of spending reaches programs▼ -26% vs prior filing year
Operating runway
6.4mo
months of highly liquid reserves at operating expense rate▼ -2% vs prior filing year
Surplus margin
+8%
revenue over expenses, this year▲ ×21 vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$447K
FY2024▲ +27%
Expenses
$411K
FY2024▲ +16%
Total assets
$218K
FY2024▲ +13%
Total liabilities
$9K
FY2024▼ -57%
Total revenue
$447K
Pt VIII · Ln 12
Total expenses
$411K
Pt IX · Ln 25
Net assets
$209K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$36K
Total assetsPt X · Ln 16$218K
Program-expense ratioPt IX · col B53%
Voting members of governing bodyPt I · Ln 3pending
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CDream Orchestra INC
EINHdr · item D45-3354247
Principal addressHdr · item CLos Angeles, CA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A69)
Ruling yearIRS BMFFeb 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Secretary
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Daniel Suk’s $60K as President is at the 55th percentile of top reported officer pay among 2216 $100K–1M 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 · 1 named individual · Part VII

NameFY2023FY2022FY2021FY2020
Daniel Suk$60,000$60,000$35,000$10,000

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.

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Mission & Programs · Part III

Where the work happens

2 program services, described in the organization's own filed words · FY2024.
01

The purpose of the ORGANIZATION/PROGRAM is to educate classical music and orchestral music to young students. Also, the program gives performance opportunities so students can expend their experience in a wide range of social contacts and behavior. Through weekly rehearsal, students learn and introduce to orchestral repertoire.

Pt IX · col B
02

The purpose of this organization is to provide and serve the local community with musical talents by giving and promoting classical music concerts, educating the community for better understanding of classical music and culture, and holding charity concerts to support the groups in need within the community.

Pt IX · col B

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Statement of Revenue

Part VIII
Contributions & grants$237K · 53%
Program service revenue$210K · 47%
Contributions & grants53%$237K
Program service revenue47%$210K
Investment income$13
Total revenueLn 12$447K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.53 Management & general $0.47
Program services53%$218K
Management & general47%$192K
Total functional expensesLn 25$411K

Balance Sheet

Part X · end of year
CashLn 1$218K
Total assetsLn 16$218K
Total liabilitiesLn 26$9K
Total net assetsLn 32$209K
Months of cash on handcomputed6.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $218K · Operating expenses/yr $411K
6.4 months
Where the money goes
Program services
Program services $218K · Total expenses $411K
53%
Management & General
Management & general $192K · Total expenses $411K
47%
Fundraising
Fundraising $0 · Total expenses $411K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $191K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $237K · Total revenue $447K
53%
Government reliance
Government grants — · Total revenue $447K
Earned-income share
Program service revenue $210K · Total revenue $447K
47%
Investment reliance
Investment income $13 · Total revenue $447K
<0.01%
Program self-sufficiency
Program service revenue $210K · Total expenses $411K
51%
Growth & trend
Revenue growth (YoY)
This year $447K · Prior year $353K
+27%
Revenue CAGR
FY2020 $123K · FY2024 $447K
+38%
Net-asset trend (YoY)
End of year $209K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $447K · Expenses $411K
+8%
Liabilities-to-Assets
Total liabilities — · Total assets $218K
Net-asset ratio
Net assets $209K · Total assets $218K
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $218K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Yoon Kahm · Reported title SECRETARY · Highest reported compensation $0 · Total expenses $411K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $65K · Total expenses $411K
16%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 53%
Overhead ratio 47%
Fundraising cost ratio 0%
Revenue growth 27%
Accounting fee ratio 0.6%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 4 funders$64K
See all 4 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$447K revenue · viewing · ⤓ 990 PDF
FY2023$353K revenue · ⤓ 990 PDF
FY2022$267K revenue · ⤓ 990 PDF
FY2021$154K revenue · ⤓ 990 PDF
FY2020$123K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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