Dream Orchestra INC FY2023 filing

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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.
72¢ of each $1 spent went to programs.
$60K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
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
$60K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
6 mo
of spending, in cash
Looks good: 6.5 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
$21K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$353K
+32% vs prior year
Spent
$355K
To programs
72%
Net assets
$172K
By yearFY2020–FY2024
Revenue
$353K
FY2023▲ +32%
Tap a bar for its year
Revenue by fiscal year
FY2020$123K
FY2021$154K
FY2022$267K
FY2023$353K
FY2024$447K
Expenses
$355K
FY2023▲ +23%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022$288K
FY2023$355K
FY2024$411K
Net assets
$172K
FY2023▼ -0.9%
Tap a bar for its year
Net assets by fiscal year
FY2020$160K
FY2021$195K
FY2022$174K
FY2023$172K
FY2024$209K

From the FY2023 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2023 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 ruling in Feb 2012.

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% · $254K Management & general 28% · $100K

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

2 people listed on the 990; $60K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$60,000Pt VII · Sec A
Secretary
$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.

See Dream Orchestra INC executive salaries →

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.

Questions for Dream Orchestra INC

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2 programs · in their own filed words · FY2023
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

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 FY2023 990, line by line.

1The main four
Money inPt VIII
$353K
Ln 12
Gifts and grantsLn 1h$193K
Fees for servicesLn 2g$160K
Investment incomeLn 3$18
Money outPt IX
$355K
Ln 25
Programscol B$254K
Managementcol C$100K
Owns and owesPt X
$172K
net assets · Ln 32
Cash and savingsLn 1–2$193K
Total assetsLn 16$193K
LiabilitiesLn 26$21K
PeoplePt VI, VII
2
listed · VII A
PaidVII A1
Voting boardVI 1a0
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$193K
Fees for servicesLn 2g$160K
Investment incomeLn 3$18
Total revenueLn 12$353K
Assets in detailPt X, end of year
CashLn 1$193K
Cash and savings togetherLn 1–2$193K
Total assetsLn 16$193K
LiabilitiesLn 26$21K
Net assetsLn 32$172K
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 FY23End FY23
Cash and savingsLn 1–2$193K$193K
Total assetsLn 16$193K$193K
LiabilitiesLn 26$20K$21K
Net assetsLn 32$174K$172K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$60K$60K
Payroll taxesLn 10$5K$5K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$154K$154K
Advertising and promotionLn 12$6K$6K
Office expensesLn 13$757$757
TravelLn 17$53K$53K
Other expenses (24a–d)Ln 24$66K$42K$23K
All other expensesLn 24e$8K$5K$3K
Total functional expensesLn 25$355K$254K$100K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 17, 2025 $447K$411K$36K$209K 990 PDF
FY2023 ViewingFiled with the IRS Nov 15, 2024 $353K$355K−$1K$172K 990 PDF
FY2022Filed with the IRS Nov 15, 2023 $267K$288K−$21K$174K 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $154K$195K 990 PDF
FY2020Filed with the IRS Nov 15, 2021 $123K$160K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $353,195 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $142,060$193,230
I-9 Program service revenuePrior year $124,500$159,947
I-10 Investment incomePrior year $570$18
I-11 Other revenue$0
I-12 Total revenuePrior year $267,130$353,195
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $64,590$64,590
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $223,690$290,093
I-18 Total expensesPrior year $288,280$354,683
I-19 Revenue less expensesPrior year −$21,150−$1,488
Part VI · Governance 4 to look at
VI-1a Voting members of the governing body0
VI-1b Independent voting members0
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 $353,195 across 5 lines filed
VIII-1f All other contributions, gifts and grants$193,230
VIII-1h Total contributions, gifts and grants$193,230
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $159,947$159,947
VIII-3 Investment incomeRelated to mission $18$18
VIII-12 Total revenueRelated to mission $159,965$353,195
Part IX · Statement of functional expenses $354,683 across 9 lines filed
IX-7 Other salaries and wagesManagement $60,000$60,000
IX-10 Payroll taxesManagement $4,590$4,590
IX-11c Accounting feesManagement $2,990$2,990
IX-11g Other fees for servicesPrograms $154,185$154,185
IX-12 Advertising and promotionManagement $5,655$5,655
IX-13 Office expensesManagement $757$757
IX-17 TravelPrograms $53,231$53,231
IX-24 Other expenses (24a–d)Programs $42,451 · Management $23,282$65,733
IX-24e All other expensesPrograms $4,542 · Management $3,000$7,542
IX-25 Total functional expensesPrograms $254,409 · Management $100,274 · Fundraising $0$354,683
Part X · Balance sheet $193,345 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $193,481$193,345
X-16 Total assetsStart of year $193,481$193,345
X-25 Other liabilitiesStart of year $19,647$20,999
X-26 Total liabilitiesStart of year $19,647$20,999
X-27 Net assets without donor restrictionsStart of year $173,834$172,346
X-32 Total net assets or fund balancesStart of year $173,834$172,346
X-33 Total liabilities and net assetsStart of year $193,481$193,345
Part XI · Reconciliation of net assets $172,346 net assets at year end
XI-1 Total revenue$353,195
XI-2 Total expenses$354,683
XI-3 Revenue less expenses−$1,488
XI-4 Net assets at start of year$173,834
XI-10 Net assets at end of year$172,346

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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