The Dream Project

Union, NJUnknown exempt organization EIN 81-3371963Revenue $12K in FY2021Files the 990-N e-Postcard (latest 2022). Last full Form 990: 2020.

On file with the IRSthedreamprojectnj.orgUnion, NJ

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The Dream Project is a nonprofit adventure-based fundraising organization for young adults on their way to becoming future philanthropists and community leaders. The Dream project's mission is empowering young adults to become leaders within their communities through service and civic engagement. We bridge the gap between nonprofits doing great work and young adults who could be of help to them.

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 81-3371963) · Dispute this line
54¢ of each $1 spent went to programs.
Run by 10 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest 990-N e-Postcard
The latest return is for FY2022, 4 tax years back.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $24K a year · 127% of revenue · last 2 filings
A surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
54%
of spending
54% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$11K
to officers and key staff · 35% of spending
Pay to officers and key staff is 35% of spending.
Part VII, Section A
2.9 mo
of spending, in cash
2.9 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
3
of 3 voting members
3 of 3 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$12K
-53% vs prior year
Spent
$33K
To programs
54%
Net assets
$8K
By yearFY2020–FY2021
Revenue
$12K
FY2021▼ -53%
Tap a bar for its year
Revenue by fiscal year
FY2020$26K
FY2021$12K
Expenses
$33K
FY2021▼ -40%
Tap a bar for its year
Expenses by fiscal year
FY2020$55K
FY2021$33K
Net assets
$8K
FY2021▼ -72%
Tap a bar for its year
Net assets by fiscal year
FY2020$28K
FY2021$8K

From the FY2021 Form 990 (year ending August 2021) · see the original

Is it real?

Yes. Never revoked by the IRS. Files the 990-N e-Postcard (latest 2022). Last full Form 990: 2020.

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

Where the money goes

54 cents of each dollar spent went to programs.

Program services 54% · $18K Management & general 46% · $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

1 person listed on the 990; $11K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
$11,417Pt VII · Sec A
See The Dream Project 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 15aNo

Programs and updates

Empowers young adults to become community leaders through adventure-based fundraising and service.

Questions for The Dream Project

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Your first name shows with your question. The Dream Project answers here, for everyone.

1 program · $13K · in their own filed words · FY2020
01

The dream project is a nonprofit adventure-based fundraising organization for young adults on their way to becoming future philanthropists and community leaders. The dream project's mission is empowering young adults to become leaders within their communities through service and civic engagement.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 81-3371963) · Dispute this line
$13Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$12K
Ln 12
Fees for servicesLn 2g$8K
Gifts and grantsLn 1h$5K
Money outPt IX
$33K
Ln 25
Programscol B$18K
Managementcol C$15K
Owns and owesPt X
$8K
net assets · Ln 32
Cash and savingsLn 1–2$8K
Total assetsLn 16$8K
LiabilitiesLn 26$0
PeoplePt VI, VII
1
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5K
Government grantsLn 1e$5K
Fees for servicesLn 2g$8K
Total revenueLn 12$12K
Assets in detailPt X, end of year
CashLn 1$8K
Cash and savings togetherLn 1–2$8K
Total assetsLn 16$8K
LiabilitiesLn 26$0
Net assetsLn 32$8K
OperationsPt I, VI
EmployeesI 51
VolunteersI 610
Fiscal year endsHeaderAugust
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 FY21End FY21
Cash and savingsLn 1–2$31K$8K
Total assetsLn 16$31K$8K
LiabilitiesLn 26$3K$0
Net assetsLn 32$28K$8K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$11K$11K
Payroll taxesLn 10$1K$1K
Accounting feesLn 11c$2K$2K
Advertising and promotionLn 12$70$70
Office expensesLn 13$577$20$557
OccupancyLn 16$1K$1K
TravelLn 17$1K$1K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$11K$11K
Total functional expensesLn 25$33K$18K$15K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest ViewingFiled with the IRS Jul 15, 2022 $12K$33K−$20K$8K 990 PDF
FY2020Filed with the IRS Jan 28, 2021 $26K$55K−$29K$28K 990 PDF

Files the 990-N e-Postcard (latest 2022). Last full Form 990: 2020. The 990-N has no money details, and postcard years before 2022 are not published by the IRS.

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2021 990
Part I · Summary $12,363 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $15,000$4,664
I-9 Program service revenuePrior year $11,151$7,699
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $26,151$12,363
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $7,397$12,667
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $47,349$20,083
I-18 Total expensesPrior year $54,746$32,750
I-19 Revenue less expensesPrior year −$28,595−$20,387
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $12,363 across 4 lines filed
VIII-1e Government grants$4,664
VIII-1h Total contributions, gifts and grants$4,664
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,699$7,699
VIII-12 Total revenueRelated to mission $7,699$12,363
Part IX · Statement of functional expenses $32,750 across 9 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Management $11,417$11,417
IX-10 Payroll taxesManagement $1,250$1,250
IX-11c Accounting feesManagement $1,950$1,950
IX-12 Advertising and promotionPrograms $70$70
IX-13 Office expensesPrograms $20 · Management $557$577
IX-16 OccupancyPrograms $1,056$1,056
IX-17 TravelPrograms $1,298$1,298
IX-23 InsurancePrograms $4,491$4,491
IX-24 Other expenses (24a–d)Programs $10,641$10,641
IX-25 Total functional expensesPrograms $17,576 · Management $15,174 · Fundraising $0$32,750
Part X · Balance sheet $7,818 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $31,290$7,818
X-16 Total assetsStart of year $31,290$7,818
X-26 Total liabilitiesStart of year $3,085$0
X-31 Retained earnings or endowmentStart of year $28,205$7,818
X-32 Total net assets or fund balancesStart of year $28,205$7,818
X-33 Total liabilities and net assetsStart of year $31,290$7,818
Part XI · Reconciliation of net assets $7,818 net assets at year end
XI-1 Total revenue$12,363
XI-2 Total expenses$32,750
XI-3 Revenue less expenses−$20,387
XI-4 Net assets at start of year$28,205
XI-10 Net assets at end of year$7,818

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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