Dream Orchestra INC

Tax-deductible

Los Angeles, CA501(c)(3)Arts & CultureEIN 45-3354247

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.

501(c)(3) charity; gifts are tax-deductible.
53¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
1 of 3
filings with a surplus
Average surplus $5K a year · 1% 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
53%
of spending
Worth a look: 53% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 6.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $64K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$9K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$447K
+27% vs prior year
Spent
$411K
To programs
53%
Net assets
$209K
By yearFY2020–FY2024
Revenue
$447K
FY2024▲ +27%
Revenue by fiscal year
FY2020$123K
FY2021$154K
FY2022$267K
FY2023$353K
FY2024$447K
Expenses
$411K
FY2024▲ +16%
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022$288K
FY2023$355K
FY2024$411K
Net assets
$209K
FY2024▲ +21%
Net assets by fiscal year
FY2020$160K
FY2021$195K
FY2022$174K
FY2023$172K
FY2024$209K

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2012.

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

Where the money goes

53 cents of each dollar spent went to programs.

Program services 53% · $218K Management & general 47% · $192K

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

Who runs it and what they're paid

2 people listed on the 990.

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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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

Promotes classical music concerts, education, and charity events for community enrichment and support.

Provided by the organization

This section is blank until Dream Orchestra INC claims this page.

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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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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 · FY2024
Total grants receivedfrom 4 funders$64K
See all 4 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$447K
Ln 12
Gifts and grantsLn 1h$237K
Fees for servicesLn 2g$210K
Investment incomeLn 3$13
Money outPt IX
$411K
Ln 25
Programscol B$218K
Managementcol C$192K
Owns and owesPt X
$209K
net assets · Ln 32
Cash and savingsLn 1–2$218K
Total assetsLn 16$218K
LiabilitiesLn 26$9K
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a0
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$237K
Fees for servicesLn 2g$210K
Investment incomeLn 3$13
Total revenueLn 12$447K
Assets in detailPt X, end of year
CashLn 1$218K
Cash and savings togetherLn 1–2$218K
Total assetsLn 16$218K
LiabilitiesLn 26$9K
Net assetsLn 32$209K
OperationsPt I, VI
EmployeesI 51
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 FY24End FY24
Cash and savingsLn 1–2$193K$218K
Total assetsLn 16$193K$218K
LiabilitiesLn 26$21K$9K
Net assetsLn 32$172K$209K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$3K$3K
Other salaries and wagesLn 7$60K$60K
Payroll taxesLn 10$5K$5K
Management feesLn 11a$490$490
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$166K$166K
Advertising and promotionLn 12$6K$6K
Office expensesLn 13$995$995
TravelLn 17$49K$49K
Conferences, conventions and meetingsLn 19$648$648
InterestLn 20$77$77
Other expenses (24a–d)Ln 24$101K$101K
All other expensesLn 24e$16K$16K
Total functional expensesLn 25$411K$218K$192K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $447K$411K$36K$209K 990 PDF
FY2023 $353K$355K−$1K$172K 990 PDF
FY2022 $267K$288K−$21K$174K 990 PDF
FY2021 $154K$195K 990 PDF
FY2020 $123K$160K 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 (4 parts)
Part VIII · Statement of revenue $446,923 across 5 lines filed
VIII-1f All other contributions, gifts and grants$236,515
VIII-1h Total contributions, gifts and grants$236,515
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $210,395$210,395
VIII-3 Investment incomeRelated to mission $13$13
VIII-12 Total revenueRelated to mission $210,408$446,923
Part IX · Statement of functional expenses $410,512 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $3,000$3,000
IX-7 Other salaries and wagesManagement $60,000$60,000
IX-10 Payroll taxesManagement $4,702$4,702
IX-11a Management feesManagement $490$490
IX-11c Accounting feesManagement $2,600$2,600
IX-11g Other fees for servicesPrograms $166,263$166,263
IX-12 Advertising and promotionManagement $5,539$5,539
IX-13 Office expensesManagement $995$995
IX-17 TravelPrograms $49,191$49,191
IX-19 Conferences, conventions and meetingsManagement $648$648
IX-20 InterestManagement $77$77
IX-24 Other expenses (24a–d)Management $100,766$100,766
IX-24e All other expensesManagement $16,241$16,241
IX-25 Total functional expensesPrograms $218,454 · Management $192,058 · Fundraising $0$410,512
Part X · Balance sheet $217,851 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $193,345$217,851
X-16 Total assetsStart of year $193,345$217,851
X-25 Other liabilitiesStart of year $20,999$9,094
X-26 Total liabilitiesStart of year $20,999$9,094
X-27 Net assets without donor restrictionsStart of year $172,346$208,757
X-32 Total net assets or fund balancesStart of year $172,346$208,757
X-33 Total liabilities and net assetsStart of year $193,345$217,851
Part XI · Reconciliation of net assets $208,757 net assets at year end
XI-1 Total revenue$446,923
XI-2 Total expenses$410,512
XI-3 Revenue less expenses$36,411
XI-4 Net assets at start of year$172,346
XI-10 Net assets at end of year$208,757

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

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