Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2014.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
53 cents of each dollar spent went to programs.
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
6 people listed on the 990; $89K paid to officers and key staff.
Nicole Russell’s $97K as Executive Director is at the 83rd percentile of top reported officer pay among 1264 $100K–1M philanthropy & grantmaking 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
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Nicole Russell | $97,077 | $89,077 | $85,154 | $74,744 | $64,935 |
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 Precious Dreams Foundation 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 15aYes
Programs and updates
Gives comfort items and programs to support dreams of children in foster care and shelters.
Questions for Precious Dreams Foundation
Your first name shows with your question. Precious Dreams Foundation answers here, for everyone.
We provided programming to empower youth to self-comfort and discover pathways to their dreams. Programs include yoga, journaling, meditation exercises and pillowcase decorating. Our newest program, the humble dreams initiative, is a cohort for teens and young adults that financial support and mentorship to help them recognize their…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $197K | $233K |
| Total assetsLn 16 | $265K | $305K |
| LiabilitiesLn 26 | $9K | $21K |
| Net assetsLn 32 | $255K | $285K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $27K | $27K | ||
| Pay of current officers, directors and key staffLn 5 | $89K | $53K | $18K | $18K |
| Other salaries and wagesLn 7 | $56K | $17K | $28K | $11K |
| Other employee benefitsLn 9 | $13K | $5K | $6K | $3K |
| Payroll taxesLn 10 | $12K | $6K | $4K | $2K |
| Accounting feesLn 11c | $6K | $6K | ||
| Other fees for servicesLn 11g | $15K | $6K | $9K | |
| Advertising and promotionLn 12 | $2K | $2K | ||
| Office expensesLn 13 | $5K | $5K | ||
| TravelLn 17 | $11K | $11K | ||
| Other expenses (24a–d)Ln 24 | $166K | $80K | $843 | $85K |
| All other expensesLn 24e | $44K | $40K | $3K | |
| Total functional expensesLn 25 | $445K | $234K | $92K | $119K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 LatestFiled with the IRS Jan 9, 2026 | $327K | $466K | −$139K | $146K | 990 PDF |
| FY2023 ViewingFiled with the IRS Nov 13, 2024 | $475K | $445K | $29K | $285K | 990 PDF |
| FY2022Filed with the IRS Jul 13, 2023 | $410K | $420K | −$11K | $255K | 990 PDF |
| FY2021Filed with the IRS Sep 30, 2022 | $346K | $350K | −$5K | $266K | 990 PDF |
| FY2020Filed with the IRS Nov 22, 2021 | $377K | $241K | $136K | $271K | 990 PDF |
Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $474,568 revenue, 12 lines filed
Part VI · Governance 13 of 13 board members independent, 2 to look at
Part VIII · Statement of revenue $474,568 across 4 lines filed
Part IX · Statement of functional expenses $445,334 across 12 lines filed
Part X · Balance sheet $305,360 assets, 10 lines filed
Part XI · Reconciliation of net assets $284,632 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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