DC Dreamcenter FY2023 filing

Tax-deductible

Washington, DC501(c)(3)Human ServicesEIN 46-3532483Revenue $586K in FY2023

On file with the IRSdcdreamcenter.com2826 Q St Se, 20020-3805 · Washington, DCTax-exempt since May 2017Publicly supported charity — 170(b)(1)(A)(vi)

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To inspire youth and adults to dare to dream, equipping them to reach their god-given potential, one person at a time.

501(c)(3) charity; gifts are tax-deductible.
24¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
2 of 5
filings with a surplus
Average deficit $53K a year · 8% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
24%
of spending
Concern: 24% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $34K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$46K
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$586K
-6% vs prior year
Spent
$755K
To programs
24%
Net assets
$341K
By yearFY2020–FY2024
Revenue
$586K
FY2023▼ -6%
Tap a bar for its year
Revenue by fiscal year
FY2020$724K
FY2021$624K
FY2022$627K
FY2023$586K
FY2024$620K
Expenses
$755K
FY2023▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020$651K
FY2021$727K
FY2022$720K
FY2023$755K
FY2024$591K
Net assets
$341K
FY2023▼ -33%
Tap a bar for its year
Net assets by fiscal year
FY2020$706K
FY2021$603K
FY2022$509K
FY2023$341K
FY2024$379K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Exemption reinstated (2016-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in May 2017.

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

Where the money goes

24 cents of each dollar spent went to programs.

Program services 24% · $178K Management & general 76% · $572K Fundraising 0% · $4K

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

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Executive Director & Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See DC Dreamcenter executive salaries →

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Inspires and equips people to dream big and reach their full potential.

Provided by the organization

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1 program · $178K · in their own filed words · FY2023
01

DC dreamcenter (DCDC) offers many programs designed to meet the needs of youth in the southeast D.C. Community. Volunteer opportunities, like the mentorship program, pairs kids with responsible adults looking to make a real difference in a young person's life.

$178Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 4 funders →
Grants paid · 3 grants · $19K · 2020–2023
Unitemized GrantFY2023$6,552
Unitemized GrantFY2021$7,486
Unitemized GrantFY2020$5,099

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$586K
Ln 12
Gifts and grantsLn 1h$585K
Other incomeLn 4–11$690
Money outPt IX
$755K
Ln 25
Programscol B$178K
Managementcol C$572K
Fundraisingcol D$4K
Owns and owesPt X
$341K
net assets · Ln 32
Cash and savingsLn 1–2$5K
Total assetsLn 16$387K
LiabilitiesLn 26$46K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$585K
Noncash giftsLn 1g$4K
Other incomeLn 4–11$690
Total revenueLn 12$586K
Assets in detailPt X, end of year
CashLn 1$5K
Cash and savings togetherLn 1–2$5K
Land, buildings, equipmentLn 10c$356K
Other assetsLn 15$2K
Total assetsLn 16$387K
LiabilitiesLn 26$46K
Net assetsLn 32$341K
OperationsPt I, VI
EmployeesI 54
VolunteersI 6350
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
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$96K$5K
Land, buildings, equipmentLn 10c$377K$356K
Total assetsLn 16$535K$387K
LiabilitiesLn 26$26K$46K
Net assetsLn 32$509K$341K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$7K$7K
Other salaries and wagesLn 7$179K$43K$137K
Pension plan contributionsLn 8$384$384
Other employee benefitsLn 9$14K$14K
Payroll taxesLn 10$10K$10K
Accounting feesLn 11c$43K$43K
Other fees for servicesLn 11g$75K$22K$54K
Advertising and promotionLn 12$42$42
Office expensesLn 13$184K$16K$168K
Information technologyLn 14$9K$1K$8K
OccupancyLn 16$62K$62K
TravelLn 17$26K$8K$18K
Conferences, conventions and meetingsLn 19$96K$82K$11K$4K
InterestLn 20$128$25$103
Depreciation, depletion and amortizationLn 22$34K$34K
InsuranceLn 23$12K$12K
Other expenses (24a–d)Ln 24$2K$696$1K
Total functional expensesLn 25$755K$178K$572K$4K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $620K$591K$29K$379K 990 PDF
FY2023 Viewing $586K$755K−$168K$341K 990 PDF
FY2022 $627K$720K−$93K$509K 990 PDF
FY2021 $624K$727K−$103K$603K 990 PDF
FY2020 $724K$651K$72K$706K 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 FY2023 990 (6 parts)
Part I · Summary $586,176 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $615,790$585,486
I-9 Program service revenuePrior year $10,795$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$690
I-12 Total revenuePrior year $626,585$586,176
I-13 Grants and similar amounts paidPrior year $4,977$6,552
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $154,764$203,323
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $560,044$544,667
I-18 Total expensesPrior year $719,785$754,542
I-19 Revenue less expensesPrior year −$93,200−$168,366
Part VI · Governance 4 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $586,176 across 7 lines filed
VIII-1d Related organizations$241,789
VIII-1f All other contributions, gifts and grants$343,697
VIII-1g Noncash contributions (included above)$4,290
VIII-1h Total contributions, gifts and grants$585,486
VIII-6 Net rental income or lossRelated to mission $250$250
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $440$440
VIII-12 Total revenueRelated to mission $250 · Unrelated business $0 · Excluded from tax $440$586,176
Part IX · Statement of functional expenses $754,542 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $6,552$6,552
IX-7 Other salaries and wagesPrograms $42,696 · Management $136,647$179,343
IX-8 Pension plan contributionsManagement $384$384
IX-9 Other employee benefitsManagement $13,765$13,765
IX-10 Payroll taxesManagement $9,831$9,831
IX-11c Accounting feesManagement $43,071$43,071
IX-11g Other fees for servicesPrograms $21,754 · Management $53,598$75,352
IX-12 Advertising and promotionPrograms $42$42
IX-13 Office expensesPrograms $15,890 · Management $167,949$183,839
IX-14 Information technologyPrograms $1,022 · Management $8,040$9,062
IX-16 OccupancyManagement $61,940$61,940
IX-17 TravelPrograms $7,980 · Management $18,212$26,192
IX-19 Conferences, conventions and meetingsPrograms $81,698 · Management $10,903 · Fundraising $3,761$96,362
IX-20 InterestPrograms $25 · Management $103$128
IX-22 Depreciation, depletion and amortizationManagement $34,437$34,437
IX-23 InsuranceManagement $12,268$12,268
IX-24 Other expenses (24a–d)Programs $696 · Management $1,278$1,974
IX-25 Total functional expensesPrograms $178,355 · Management $572,426 · Fundraising $3,761$754,542
Part X · Balance sheet $386,866 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $95,817$5,266
X-4 Accounts receivableStart of year $47,751$11,461
X-9 Prepaid expenses and deferred chargesStart of year $12,404$11,760
X-10c Land, buildings and equipment, netStart of year $376,995$356,379
X-15 Other assetsStart of year $2,000$2,000
X-16 Total assetsStart of year $534,967$386,866
X-17 Accounts payable and accrued expensesStart of year $25,620$45,885
X-26 Total liabilitiesStart of year $25,620$45,885
X-27 Net assets without donor restrictionsStart of year $494,347$320,981
X-28 Net assets with donor restrictionsStart of year $15,000$20,000
X-32 Total net assets or fund balancesStart of year $509,347$340,981
X-33 Total liabilities and net assetsStart of year $534,967$386,866
Part XI · Reconciliation of net assets $340,981 net assets at year end
XI-1 Total revenue$586,176
XI-2 Total expenses$754,542
XI-3 Revenue less expenses−$168,366
XI-4 Net assets at start of year$509,347
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$340,981

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

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