Brees Dream Foundation: FY2023 Nonprofit Profile & Form 990 (EIN 56-2380198)

Revenue by fiscal year
FY2020	$4.1M
FY2021	$1.0M
FY2022	$2.2M
FY2023	$1.3M
FY2024	$1.1M

Expenses by fiscal year
FY2020	$4.9M
FY2021	$1.1M
FY2022	$2.4M
FY2023	$1.1M
FY2024	$1.3M

Net assets by fiscal year
FY2020	$912K
FY2021	$200K
FY2022	−$307K
FY2023	$177K
FY2024	−$75K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2004.

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

Where the money goes

99 cents of each dollar spent went to programs.

99%

Program services 99% · $1.1M Management & general 1% · $15K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation

Drew Brees

President/Trustee

$0Pt VII · Sec A

John Palguta

Secretary

$0Pt VII · Sec A

Brittany Brees

Vice Pres, Treasurer

$0Pt VII · Sec A

See Brees Dream Foundation 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

Provides care, education, and opportunities for children and families, improving cancer patients' quality of life.

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Provided by the organization

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3 programs · $867K · in their own filed words · FY2023

01

Build Strong Academy

Funding for the academy that helps create a skilled construction workforce in the greater new orleans area through hands on construction training and related trades

$568Kprogram expense

02

Junior achievement foundation to help young people gain the knowledge and skills they need to own their economic success, plan for their futures, and make smart academic and economic choices.

$174Kprogram expense

03

Ochsner clinic grants for community health expansion project and women's wellness.

$125Kprogram 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

Foundation for Educational ExcellenceFY2024$400K

Fairfield Countys Community Foundation INCFY2024$225K

Douglas & Maria Devos FoundationFY2024$100K

Cheniere FoundationFY2024$100K

Ochsner Clinic FoundationFY2024$75K

Legacy Global ProgramsFY2024$40K

Total grants receivedfrom 6 funders$940K

See all 6 funders →

Grants paid · 55 grants · $9.8M · 2020–2024

Build Strong AcademyCO · FY2024$724,890

Bastion Community of ResilienceLA · FY2024$250,000

Junior Achievement of Greater New Orleans INCLA · FY2024$173,593

Purdue Research FoundationIN · FY2024$25,000

Build Strong AcademyCO · FY2023$568,260

Junior Achievement of Greater New Orleans INCLA · FY2023$173,593

Ochsner Clinic FoundationLA · FY2023$125,000

Just Keep Livin FoundationCA · FY2023$90,000

Purdue Research FoundationIN · FY2023$25,000

Boys and Girls Club of CarlsbadCA · FY2023$25,000

The Discovery Land Company FoundationCA · FY2023$25,000

NopfmiFY2023$14,909

New Orleans and CompanyLA · FY2023$14,909

Greater New Orleans Sports FoundationLA · FY2023$14,909

Build Strong AcademyCO · FY2022$1,199,150

Ochsner Clinic FoundationLA · FY2022$750,000

Junior Achievement of Greater New Orleans INCLA · FY2022$173,593

Laureus Sport for Good Foundation of AmericaNY · FY2022$150,000

See all 55 grants →

By the numbers

The FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$1.3M

Ln 12

Gifts and grantsLn 1h$1.7M

Investment incomeLn 3$7K

Money outPt IX

$1.1M

Ln 25

Programscol B$1.1M

Managementcol C$15K

Owns and owesPt X

$177K

net assets · Ln 32

Cash and savingsLn 1–2$538K

Total assetsLn 16$599K

LiabilitiesLn 26$422K

PeoplePt VI, VII

3

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b1

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$1.7M

Noncash giftsLn 1g$937K

Fundraising eventsLn 1c$479K

Investment incomeLn 3$7K

Gains on assetsLn 7−$94K

Total revenueLn 12$1.3M

Assets in detailPt X, end of year

CashLn 1$28K

SavingsLn 2$510K

Cash and savings togetherLn 1–2$538K

Land, buildings, equipmentLn 10c$780

Total assetsLn 16$599K

LiabilitiesLn 26$422K

Net assetsLn 32$177K

OperationsPt I, VI

EmployeesI 50

VolunteersI 650

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

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$48K	$538K
Land, buildings, equipmentLn 10c	$2K	$780
Total assetsLn 16	$345K	$599K
LiabilitiesLn 26	$653K	$422K
Net assetsLn 32	−$307K	$177K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$1.1M	$1.1M
Accounting feesLn 11c	$10K		$10K
Office expensesLn 13	$911		$911
Depreciation, depletion and amortizationLn 22	$2K		$2K
InsuranceLn 23	$500		$500
Other expenses (24a–d)Ln 24	$1K		$1K
Total functional expensesLn 25	$1.1M	$1.1M	$15K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$1.1M	$1.3M	−$252K	−$75K	990 PDF
FY2023 Viewing	$1.3M	$1.1M	$226K	$177K	990 PDF
FY2022	$2.2M	$2.4M	−$287K	−$307K	990 PDF
FY2021	$1.0M	$1.1M	−$60K	$200K	990 PDF
FY2020	$4.1M	$4.9M	−$815K	$912K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations

See the full FY2023 990 (6 parts)

Part I · Summary $1,316,645 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $2,133,658$1,671,328

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $71−$86,659

I-11 Other revenuePrior year $26,641−$268,024

I-12 Total revenuePrior year $2,160,370$1,316,645

I-13 Grants and similar amounts paidPrior year $2,430,243$1,076,580

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $17,143$14,553

I-18 Total expensesPrior year $2,447,386$1,091,133

I-19 Revenue less expensesPrior year −$287,016$225,512

Part VI · Governance 1 of 3 board members independent, 4 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members1

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 $1,316,645 across 9 lines filed

VIII-1c Fundraising events$478,855

VIII-1f All other contributions, gifts and grants$1,192,473

VIII-1g Noncash contributions (included above)$936,568

VIII-1h Total contributions, gifts and grants$1,671,328

VIII-3 Investment incomeExcluded from tax $6,878$6,878

VIII-7 Net gain or loss on sales of assetsRelated to mission −$93,537−$93,537

VIII-8 Net income from fundraising eventsExcluded from tax −$268,049−$268,049

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $25$25

VIII-12 Total revenueRelated to mission −$93,537 · Unrelated business $0 · Excluded from tax −$261,146$1,316,645

Part IX · Statement of functional expenses $1,091,133 across 6 lines filed

IX-1 Grants to domestic organizationsPrograms $1,076,580$1,076,580

IX-11c Accounting feesManagement $10,225$10,225

IX-13 Office expensesManagement $911$911

IX-22 Depreciation, depletion and amortizationManagement $1,560$1,560

IX-23 InsuranceManagement $500$500

IX-24 Other expenses (24a–d)Management $1,357$1,357

IX-25 Total functional expensesPrograms $1,076,580 · Management $14,553 · Fundraising $0$1,091,133

Part X · Balance sheet $599,064 assets, 13 lines filed

X-1 Cash, non-interest-bearingStart of year $33,845$28,043

X-2 Savings and temporary cash investmentsStart of year $13,974$510,241

X-4 Accounts receivableStart of year $49,538$60,000

X-10c Land, buildings and equipment, netStart of year $2,340$780

X-14 Intangible assets$0

X-16 Total assetsStart of year $345,108$599,064

X-17 Accounts payable and accrued expenses$17,422

X-18 Grants payableStart of year $652,503$402,503

X-19 Deferred revenue$2,179

X-26 Total liabilitiesStart of year $652,503$422,104

X-27 Net assets without donor restrictionsStart of year −$307,395$176,960

X-32 Total net assets or fund balancesStart of year −$307,395$176,960

X-33 Total liabilities and net assetsStart of year $345,108$599,064

Part XI · Reconciliation of net assets $176,960 net assets at year end

XI-1 Total revenue$1,316,645

XI-2 Total expenses$1,091,133

XI-3 Revenue less expenses$225,512

XI-4 Net assets at start of year−$307,395

XI-5 Net unrealized gains (losses) on investments$258,843

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$176,960

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

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Brees Dream Foundation FY2023 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Brees Dream Foundation

Build Strong Academy

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV