Dreams & Ducats EIN 82-2909296

Dreams & Ducats

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Empowering education to grow with community and culture. For fiscal year 2025 it reported $426K in revenue, $229K in expenses, and $302K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
San Diego, CA
Website
dreamsducats.org
Filings
4 on file (2022–2025)
Revenue
$426KFY2025
Expenses
$229K
Net assets
$302K
People
5
Filings
4
Updates
0
More identity details & actions ⌄
EIN  82-2909296 Public charity (501(c)(3)) San Diego, CA
Form 990 (PDF)
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Size
$100K–1M
What they do
Empowering education to grow with community and culture.
Leadership
Richard Magale · President
Money in and out
$426K revenue, $229K expenses
Bottom line
73% program efficiency
Where the money goes · FY2025
Total revenue
$426K
Pt VIII · Ln 12
Total expenses
$229K
Pt IX · Ln 25
Net assets
$302K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $198K
Where spending went · Part IX cols B–D
Program services $0.73 Management & general $0.27
Program efficiency
73%
of spending reaches programs
Operating runway
15.9mo
months of highly liquid reserves at operating expense rate▲ +101% vs prior filing year
Surplus margin
+46%
revenue over expenses, this year▲ +50% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$426K
FY2025▲ +314%
Total revenue
$426K
Pt VIII · Ln 12
Total expenses
$229K
Pt IX · Ln 25
Net assets
$302K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$198K
Total assetsPt X · Ln 16$302K
Program-expense ratioPt IX · col B73%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

3 program services account for $72K of program spending, described in the organization's own filed words · FY2025.
01

Studio Sessions

a cultural enrichment program that centers music as a catalyst for healing , connection and belonging through immersive music events.

$50Kprogram expense
02

Threads, a youth enrichment program that empowers young people to express their dreams, identities, and stories through custom shoe painting, fashion styling, and design.

$12Kprogram expense
03

Alt-Futures is an 8-week, project-based creative workforce and civic engagement program that prepares youth ages 1624 to explore careers and entrepreneurship in brand and creative strategy while building the tools to shape narratives, influence culture, and drive social change.

$11Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CDreams & Ducats
EINHdr · item D82-2909296
Principal addressHdr · item CSan Diego, CA
WebsiteHdr · item Jdreamsducats.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B20)
Ruling yearIRS BMFFeb 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Chief of Impact
$0Pt VII · Sec A
Treasurer and Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$399K · 94%
Program service revenue$27K · 6%
Contributions & grants94%$399K
Program service revenue6%$27K
— government grantsLn 1e$145K
Total revenueLn 12$426K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.73 Management & general $0.27
Program services73%$166K
Management & general27%$63K
Total functional expensesLn 25$229K

Balance Sheet

Part X · end of year
CashLn 1$302K
Total assetsLn 16$302K
Total liabilitiesLn 26$0
Total net assetsLn 32$302K
Months of cash on handcomputed15.9

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $302K · Operating expenses/yr $229K
15.9 months
Where the money goes
Program services
Program services $166K · Total expenses $229K
73%
Management & General
Management & general $63K · Total expenses $229K
27%
Fundraising
Fundraising $0 · Total expenses $229K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $254K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $399K · Total revenue $426K
94%
Government reliance
Government grants $145K · Total revenue $426K
34%
Earned-income share
Program service revenue $27K · Total revenue $426K
6%
Investment reliance
Investment income $0 · Total revenue $426K
0%
Program self-sufficiency
Program service revenue $27K · Total expenses $229K
12%
Growth & trend
Revenue growth (YoY)
This year $426K · Prior year $103K
+314%
Net-asset trend (YoY)
End of year $302K · Beginning of year $105K
+189%
Balance sheet
Surplus Margin
Revenue $426K · Expenses $229K
+46%
Liabilities-to-Assets
Total liabilities $0 · Total assets $302K
0%
Net-asset ratio
Net assets $302K · Total assets $302K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $302K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Richard Magale · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $229K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $229K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 73%
Overhead ratio 27%
Fundraising cost ratio 0%
Revenue growth 314%
Legal fee ratio 0.04%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2021
Total grants receivedfrom 1 funder$2K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$426K revenue · viewing · ⤓ 990 PDF
FY2024$103K revenue · ⤓ 990 PDF
FY2023$77K revenue · ⤓ 990 PDF
FY2022$72K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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