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Dream Link Foundation INC FY2020 filing

Boca Raton, FLUnknown exempt organization EIN 84-2326218Revenue $368K in FY2020

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.

76¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2020 · 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
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $300K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$8K
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
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
$368K
Spent
$379K
To programs
76%
Net assets
$56K
By yearFY2020–FY2021
Revenue
$368K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$368K
FY2021$307K
Expenses
$379K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$379K
FY2021$364K
Net assets
$56K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$56K
FY2021$0

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2021) →

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

76 cents of each dollar spent went to programs.

Program services 76% · $290K Management & general 24% · $89K

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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3 programs · $290K · in their own filed words · FY2020
01

Charitable donations

$237Kprogram expense
02

Sponsorship donations

$30Kprogram expense
03

Non-profit sponsorship donations

$22Kprogram 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 · 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 FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$368K
Ln 12
Gifts and grantsLn 1h$368K
Money outPt IX
$379K
Ln 25
Programscol B$290K
Managementcol C$89K
Owns and owesPt X
$56K
net assets · Ln 32
Cash and savingsLn 1–2$64K
Total assetsLn 16$64K
LiabilitiesLn 26$8K
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$368K
Total revenueLn 12$368K
Assets in detailPt X, end of year
CashLn 1$21K
SavingsLn 2$43K
Cash and savings togetherLn 1–2$64K
Total assetsLn 16$64K
LiabilitiesLn 26$8K
Net assetsLn 32$56K
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 FY20End FY20
Cash and savingsLn 1–2$67K$64K
Total assetsLn 16$67K$64K
LiabilitiesLn 26$0$8K
Net assetsLn 32$67K$56K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$285K$285K
Grants to domestic individualsLn 2$5K$5K
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$72K$72K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$1K$1K
Information technologyLn 14$3K$3K
Other expenses (24a–d)Ln 24$3K$3K
All other expensesLn 24e$1$1
Total functional expensesLn 25$379K$290K$89K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest $307K$364K−$56K$0 990 PDF
FY2020 Viewing $368K$379K−$11K$56K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $367,967 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $106,700$367,967
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $106,700$367,967
I-13 Grants and similar amounts paidPrior year $27,000$289,771
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $12,741$89,055
I-18 Total expensesPrior year $39,741$378,826
I-19 Revenue less expensesPrior year $66,959−$10,859
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 $367,967 across 3 lines filed
VIII-1f All other contributions, gifts and grants$367,967
VIII-1h Total contributions, gifts and grants$367,967
VIII-12 Total revenue$367,967
Part IX · Statement of functional expenses $378,826 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $284,771$284,771
IX-2 Grants to domestic individualsPrograms $5,000$5,000
IX-11b Legal feesManagement $5,000$5,000
IX-11c Accounting feesManagement $2,250$2,250
IX-11g Other fees for servicesManagement $72,000$72,000
IX-12 Advertising and promotionManagement $2,760$2,760
IX-13 Office expensesManagement $1,277$1,277
IX-14 Information technologyManagement $2,847$2,847
IX-24 Other expenses (24a–d)Management $2,920$2,920
IX-24e All other expensesManagement $1$1
IX-25 Total functional expensesPrograms $289,771 · Management $89,055 · Fundraising $0$378,826
Part X · Balance sheet $63,912 assets, 8 lines filed
X-1 Cash, non-interest-bearing$20,556
X-2 Savings and temporary cash investmentsStart of year $66,959$43,356
X-16 Total assetsStart of year $66,959$63,912
X-19 Deferred revenue$7,812
X-26 Total liabilitiesStart of year $0$7,812
X-27 Net assets without donor restrictionsStart of year $66,959$56,100
X-32 Total net assets or fund balancesStart of year $66,959$56,100
X-33 Total liabilities and net assetsStart of year $66,959$63,912
Part XI · Reconciliation of net assets $56,100 net assets at year end
XI-1 Total revenue$367,967
XI-2 Total expenses$378,826
XI-3 Revenue less expenses−$10,859
XI-4 Net assets at start of year$66,959
XI-10 Net assets at end of year$56,100

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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