Boston Dream Center Corp

Los Angeles, CAUnknown exempt organization EIN 47-1561016Revenue $140K in FY2023

On file with the IRSmercystreetla.orgPo Box 421074 · Los Angeles, CA

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

The organization's primary mission is to reach out to individuals and families in the cities of Boston and los angeles, especially the lost, lonely, wounded and forgotten and providing care and compassion services, classes, counseling,outreaches, and ministries that will meet their short and long term needs.

74¢ of each $1 spent went to programs.
Run by 6 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average deficit $17K a year · 6% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$72K
to officers and key staff · 40% of spending
Concern: pay to officers and key staff is 40% of spending; over 30%.
Pt VII · Sec A
Named funders
2
named funders · $10K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$498K
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
5
of 6 voting members
Looks good: 5 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$140K
-37% vs prior year
Spent
$181K
To programs
74%
Net assets
−$498K
By yearFY2020–FY2023
Revenue
$140K
FY2023▼ -37%
Tap a bar for its year
Revenue by fiscal year
FY2020$237K
FY2021$447K
FY2022$220K
FY2023$140K
Expenses
$181K
FY2023▼ -45%
Tap a bar for its year
Expenses by fiscal year
FY2020$262K
FY2021$338K
FY2022$330K
FY2023$181K
Net assets
−$498K
FY2023▼ -9%
Tap a bar for its year
Net assets by fiscal year
FY2020−$4K
FY2021$106K
FY2022−$456K
FY2023−$498K

From the FY2023 Form 990 (year ending October 2023) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $134K Management & general 26% · $47K

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

4 people listed on the 990; $72K paid to officers and key staff.

Part VII, Section A · reportable compensation
$72,081Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2023FY2022FY2021FY2020
Sheila Donegan$72,081$60,000$52,914$84,200

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 Boston Dream Center Corp executive salaries →

On this list? Claim this org

Something off? Claim to add context

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

Provides care and compassion services, classes, and counseling to individuals and families in Boston and Los Angeles.

Questions for Boston Dream Center Corp

Tap to ask. Boston Dream Center Corp sees how many people are interested.

Your first name shows with your question. Boston Dream Center Corp answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $134K · in their own filed words · FY2023
01

Reaching out and providing care and compassion services, classes, counseling, outreaches and ministries to lost, lonely, wounded and forgotten people in the cities of boston and los angeles.

$134Kprogram 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 · FY2023
Total grants receivedfrom 2 funders$10K
Grants paid · 3 grants · $60K · 2020–2021
Unitemized GrantFY2021$16,097
Unitemized GrantFY2021$5,000
Unitemized GrantFY2020$38,626

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$140K
Ln 12
Gifts and grantsLn 1h$128K
Other incomeLn 4–11$12K
Investment incomeLn 3$201
Money outPt IX
$181K
Ln 25
Programscol B$134K
Managementcol C$47K
Owns and owesPt X
−$498K
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$498K
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$128K
Investment incomeLn 3$201
Other incomeLn 4–11$12K
Total revenueLn 12$140K
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$498K
Net assetsLn 32−$498K
OperationsPt I, VI
EmployeesI 52
VolunteersI 66
Fiscal year endsHeaderOctober
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
Total assetsLn 16$53K$0
LiabilitiesLn 26$509K$498K
Net assetsLn 32−$456K−$498K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$20K$20K
Grants to domestic individualsLn 2$4K$4K
Pay of current officers, directors and key staffLn 5$72K$72K
Other employee benefitsLn 9$8K$8K
Payroll taxesLn 10$9K$9K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$10K$10K
Other fees for servicesLn 11g$5K$5K
Advertising and promotionLn 12$753$753
Office expensesLn 13$3K$771$2K
Information technologyLn 14$2K$1K$762
OccupancyLn 16$19K$19K
TravelLn 17$122$122
Conferences, conventions and meetingsLn 19$2K$2K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$17K$11K$7K
All other expensesLn 24e$2K$718$793
Total functional expensesLn 25$181K$134K$47K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $140K$181K−$41K−$498K 990 PDF
FY2022 $220K$330K−$110K−$456K 990 PDF
FY2021 $447K$338K$110K$106K 990 PDF
FY2020 $237K$262K−$25K−$4K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $139,913 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $139,518$127,896
I-9 Program service revenue$0
I-10 Investment incomePrior year $1,350$201
I-11 Other revenuePrior year $79,540$11,816
I-12 Total revenuePrior year $220,408$139,913
I-13 Grants and similar amounts paidPrior year $1,710$23,203
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $134,197$89,576
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $194,346$68,426
I-18 Total expensesPrior year $330,253$181,205
I-19 Revenue less expensesPrior year −$109,845−$41,292
Part VI · Governance 5 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members5
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 $139,913 across 5 lines filed
VIII-1f All other contributions, gifts and grants$127,896
VIII-1h Total contributions, gifts and grants$127,896
VIII-3 Investment incomeExcluded from tax $201$201
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $9,363 · Excluded from tax $2,453$11,816
VIII-12 Total revenueUnrelated business $9,363 · Excluded from tax $2,654$139,913
Part IX · Statement of functional expenses $181,205 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $19,528$19,528
IX-2 Grants to domestic individualsPrograms $3,675$3,675
IX-5 Pay of current officers, directors and key staffPrograms $72,081$72,081
IX-9 Other employee benefitsPrograms $8,230$8,230
IX-10 Payroll taxesPrograms $9,265$9,265
IX-11b Legal feesManagement $2,160$2,160
IX-11c Accounting feesManagement $9,728$9,728
IX-11g Other fees for servicesPrograms $5,450$5,450
IX-12 Advertising and promotionPrograms $753$753
IX-13 Office expensesPrograms $771 · Management $1,881$2,652
IX-14 Information technologyPrograms $1,059 · Management $762$1,821
IX-16 OccupancyManagement $19,317$19,317
IX-17 TravelPrograms $122$122
IX-19 Conferences, conventions and meetingsPrograms $1,966$1,966
IX-23 InsuranceManagement $5,557$5,557
IX-24 Other expenses (24a–d)Programs $10,744 · Management $6,645$17,389
IX-24e All other expensesPrograms $718 · Management $793$1,511
IX-25 Total functional expensesPrograms $134,362 · Management $46,843 · Fundraising $0$181,205
Part X · Balance sheet $0 assets, 5 lines filed
X-16 Total assetsStart of year $52,905$0
X-26 Total liabilitiesStart of year $509,274$497,661
X-27 Net assets without donor restrictionsStart of year −$456,369−$497,661
X-32 Total net assets or fund balancesStart of year −$456,369−$497,661
X-33 Total liabilities and net assetsStart of year $52,905$0
Part XI · Reconciliation of net assets −$497,661 net assets at year end
XI-1 Total revenue$139,913
XI-2 Total expenses$181,205
XI-3 Revenue less expenses−$41,292
XI-4 Net assets at start of year−$456,369
XI-10 Net assets at end of year−$497,661

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.