The Dream Big Foundation

Tax-deductible

Babylon, NY501(c)(3)Human ServicesEIN 61-1448766Revenue $319K in FY2024

On file with the IRS50 Belton Rd, 11702-3325 · Babylon, NYTax-exempt since Nov 2006Private non-operating foundation

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To pursue tax-exempt charitable purposes by developing and implementing projects that will benefit the public at large, specifically feeding the needy families in nyc at thanksgiving.

501(c)(3) charity; gifts are tax-deductible.
Run by 26 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

Before you give

FY2024 · Form 990-PFIndependent: 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-PF
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 $92K a year · 6% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
990-PF Pt I · 5 filings
Cash reserves
13 mo
of spending, in cash
Looks good: 12.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$319K
+22% vs prior year
Spent
$406K
Net assets
$439K
By yearFY2020–FY2024
Revenue
$319K
FY2024▲ +22%
Tap a bar for its year
Revenue by fiscal year
FY2020$860K
FY2021$6.3M
FY2022$180K
FY2023$261K
FY2024$319K
Expenses
$406K
FY2024▼ -66%
Tap a bar for its year
Expenses by fiscal year
FY2020$181K
FY2021$2.6M
FY2022$3.9M
FY2023$1.2M
FY2024$406K
Net assets
$439K
FY2024▼ -16%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.6M
FY2021$5.2M
FY2022$1.5M
FY2023$523K
FY2024$439K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2006.

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

Where the money goes

What each dollar paid for.

Operating & administrative 100% · $406K

Form 990 Part IX, line 25. 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-PF.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See The Dream Big Foundation executive salaries →

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Programs and updates

Feeds needy families in NYC at Thanksgiving through community projects.

Questions for The Dream Big Foundation

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Provided by the organization

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2 programs · $175K · in their own filed words · FY2020
01

Feeding needy families in nyc at thanksgiving.

$175Kprogram expense
02

Brownsville accomplishment is an iniative to help lower income areas through education and assistance with entrepeneureal activities.

Pt IX · col B

By the numbers

The FY2024 990-PF, line by line.

1The main four
Money in
$319K
Gifts and grants$319K
Money out
$406K
Running costs$406K
Owns and owes
$439K
net assets
Cash and savings$438K
Total assets$439K
Liabilities$0
People
3
listed
Paid0
2In more detail
Revenue in detail
Gifts and grants$319K
Total revenue$319K
Assets in detailEnd of year
Cash and savings together$438K
Total assets$439K
Liabilities$0
Net assets$439K
Operations
Employees0
Volunteers26
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $319K$406K−$87K$439K 990 PDF
FY2023 $261K$1.2M−$941K$523K 990 PDF
FY2022 $180K$3.9M−$3.8M$1.5M 990 PDF
FY2021 $6.3M$2.6M$3.6M$5.2M 990 PDF
FY2020 $860K$181K$680K$1.6M 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

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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