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Dream Link Foundation INC

Boca Raton, FLUnknown exempt organizationEIN 84-2326218Revenue $307K in FY2021

On file with the IRSdreamlinkfoundation.org250 Ne 5th Ave Ste 301b · Boca Raton, FL

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Dream Link Foundation helps fulfill the dreams of both underserved community groups and individuals by providing a powerful triad of financial support, industry expertise and mentorship. We connect the logistical dots and transform dreams deferred into recognized realities.

78¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $33K a year · 10% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Named funders
1
named funder · $300K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$307K
-16% vs prior year
Spent
$364K
To programs
78%
Net assets
$0
By yearFY2020–FY2021
Revenue
$307K
FY2021▼ -16%
Tap a bar for its year
Revenue by fiscal year
FY2020$368K
FY2021$307K
Expenses
$364K
FY2021▼ -4%
Tap a bar for its year
Expenses by fiscal year
FY2020$379K
FY2021$364K
Net assets
$0
FY2021▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2020$56K
FY2021$0

From the FY2021 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021.

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

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $283K Management & general 22% · $81K

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
$0Pt VII · Sec A
$0Pt VII · Sec A
Justin Singh
Secretary
$0Pt VII · Sec A
See Dream Link Foundation INC 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Connects underserved individuals and groups with financial support, expertise, and mentorship to achieve their dreams.

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Provided by the organization

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1 program · in their own filed words · FY2021
01

Support of charities

Pt IX · col B

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 · FY2021
The Leandro P Rizzuto FoundationFY2021$300K
Total grants receivedfrom 1 funder$300K
Grants paid · 10 grants · $556K · 2020–2021
See Sch N for Donation of AssetsFY2021$282,681
Friends Are by Your Side INC Wigs and WishesNJ · FY2020$105,000
Grey Team INCFL · FY2020$105,000
Lexi Faye Everyone Matters FoundationNJ · FY2020$10,000
Ball State University Foundation INCIN · FY2020$10,000
Friends of Yogi INCNJ · FY2020$10,000
Wish You Were Here Productions LLCFY2020$10,000
Harcan Enterprises LLCFY2020$10,000
Tides FoundationCA · FY2020$8,561
Smiles Through Cars INCNY · FY2020$5,010

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$307K
Ln 12
Gifts and grantsLn 1h$307K
Money outPt IX
$364K
Ln 25
Programscol B$283K
Managementcol C$81K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$307K
Total revenueLn 12$307K
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
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
LineStart FY21End FY21
Total assetsLn 16$64K$0
LiabilitiesLn 26$8K$0
Net assetsLn 32$56K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$283K$283K
Accounting feesLn 11c$10K$10K
Other fees for servicesLn 11g$14K$14K
Office expensesLn 13$13$13
Information technologyLn 14$1K$1K
InsuranceLn 23$734$734
Other expenses (24a–d)Ln 24$54K$54K
All other expensesLn 24e$271$271
Total functional expensesLn 25$364K$283K$81K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest Viewing $307K$364K−$56K$0 990 PDF
FY2020 $368K$379K−$11K$56K 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
See the full FY2021 990 (6 parts)
Part I · Summary $307,483 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $367,967$307,483
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $367,967$307,483
I-13 Grants and similar amounts paidPrior year $289,771$282,681
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $89,055$80,902
I-18 Total expensesPrior year $378,826$363,583
I-19 Revenue less expensesPrior year −$10,859−$56,100
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $307,483 across 3 lines filed
VIII-1f All other contributions, gifts and grants$307,483
VIII-1h Total contributions, gifts and grants$307,483
VIII-12 Total revenue$307,483
Part IX · Statement of functional expenses $363,583 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $282,681$282,681
IX-11c Accounting feesManagement $10,500$10,500
IX-11g Other fees for servicesManagement $14,500$14,500
IX-13 Office expensesManagement $13$13
IX-14 Information technologyManagement $1,241$1,241
IX-23 InsuranceManagement $734$734
IX-24 Other expenses (24a–d)Management $53,643$53,643
IX-24e All other expensesManagement $271$271
IX-25 Total functional expensesPrograms $282,681 · Management $80,902 · Fundraising $0$363,583
Part X · Balance sheet $0 assets, 4 lines filed
X-16 Total assetsStart of year $63,912$0
X-26 Total liabilitiesStart of year $7,812$0
X-32 Total net assets or fund balancesStart of year $56,100$0
X-33 Total liabilities and net assetsStart of year $63,912$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$307,483
XI-2 Total expenses$363,583
XI-3 Revenue less expenses−$56,100
XI-4 Net assets at start of year$56,100
XI-10 Net assets at end of year$0

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

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