Dream Machine Tour FY2022 filing

Tax-deductible

Atlanta, GA501(c)(3)Human ServicesEIN 85-3606644Revenue $2.7M in FY2022

On file with the IRSdreammachineusa.org1735 Colt Dr, 30341-1428 · Atlanta, GATax-exempt since Oct 2021Publicly supported charity — 170(b)(1)(A)(vi)

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Our mission is to make dreams come true for underprivileged people to enrich the human experience with hope,strength and inspiration through powerful storytelling and direct action.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
$18K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: 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
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $116K a year · 8% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$18K
to officers and key staff · 0.5% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $55K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$60K
37% of total assets
Looks good: liabilities are 37% 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
$2.7M
+38% vs prior year
Spent
$3.5M
To programs
95%
Net assets
$104K
By yearFY2020–FY2024
Revenue
$2.7M
FY2022▲ +38%
Tap a bar for its year
Revenue by fiscal year
FY2020$199K
FY2021$2.0M
FY2022$2.7M
FY2023$1.4M
FY2024$1.3M
Expenses
$3.5M
FY2022▲ +165%
Tap a bar for its year
Expenses by fiscal year
FY2020$24K
FY2021$1.3M
FY2022$3.5M
FY2023$1.4M
FY2024$962K
Net assets
$104K
FY2022▼ -88%
Tap a bar for its year
Net assets by fiscal year
FY2020$175K
FY2021$842K
FY2022$104K
FY2023$86K
FY2024$466K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2021.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $3.3M Management & general 5% · $157K

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; $18K paid to officers and key staff.

Part VII, Section A · reportable compensation
$18,000Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Langford Hutcherson II’s $76K as CFO/Treasurer is at the 15th percentile of top reported officer pay among 3869 $1–10M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022
Langford Hutcherson II$75,891$24,000$18,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowers underprivileged people with hope and inspiration through storytelling and direct action.

Provided by the organization

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1 program · $3.3M · in their own filed words · FY2022
01

Provided resources, support, and assistance to individuals and communities in an effort to fulfill their dreams of starting businesses.

$3.3Mprogram 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 · FY2024
Total grants receivedfrom 2 funders$55K
Grants paid · 3 grants · $998K · 2021–2023
Unitemized GrantFY2023$486,906
Unitemized GrantFY2022$321,699
Unitemized GrantFY2021$189,771

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$2.7M
Ln 12
Gifts and grantsLn 1h$2.7M
Money outPt IX
$3.5M
Ln 25
Programscol B$3.3M
Managementcol C$157K
Owns and owesPt X
$104K
net assets · Ln 32
Cash and savingsLn 1–2$165K
Total assetsLn 16$165K
LiabilitiesLn 26$60K
PeoplePt VI, VII
3
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.7M
Total revenueLn 12$2.7M
Assets in detailPt X, end of year
CashLn 1$165K
Cash and savings togetherLn 1–2$165K
Total assetsLn 16$165K
LiabilitiesLn 26$60K
Net assetsLn 32$104K
OperationsPt I, VI
EmployeesI 50
VolunteersI 640
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 FY22End FY22
Cash and savingsLn 1–2$995K$165K
Total assetsLn 16$995K$165K
LiabilitiesLn 26$153K$60K
Net assetsLn 32$842K$104K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$322K$322K
Pay of current officers, directors and key staffLn 5$18K$18K
Legal feesLn 11b$39K$39K
Accounting feesLn 11c$16K$16K
Advertising and promotionLn 12$70K$70K
Office expensesLn 13$135K$135K
OccupancyLn 16$56K$56K
TravelLn 17$147K$147K
InterestLn 20$1K$1K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$2.6M$2.6M
All other expensesLn 24e$95K$50K$45K
Total functional expensesLn 25$3.5M$3.3M$157K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.3M$962K$381K$466K 990 PDF
FY2023 $1.4M$1.4M$94K$86K 990 PDF
FY2022 Viewing $2.7M$3.5M−$738K$104K 990 PDF
FY2021 $2.0M$1.3M$667K$842K 990 PDF
FY2020 $199K$24K$175K$175K 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 FY2022 990 (6 parts)
Part I · Summary $2,741,764 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,980,999$2,741,764
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,980,999$2,741,764
I-13 Grants and similar amounts paidPrior year $652,901$321,699
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$18,000
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $660,619$3,139,775
I-18 Total expensesPrior year $1,313,520$3,479,474
I-19 Revenue less expensesPrior year $667,479−$737,710
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-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $2,741,764 across 3 lines filed
VIII-1f All other contributions, gifts and grants$2,741,764
VIII-1h Total contributions, gifts and grants$2,741,764
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$2,741,764
Part IX · Statement of functional expenses $3,479,474 across 12 lines filed
IX-2 Grants to domestic individualsPrograms $321,699$321,699
IX-5 Pay of current officers, directors and key staffPrograms $18,000$18,000
IX-11b Legal feesManagement $38,798$38,798
IX-11c Accounting feesManagement $15,528$15,528
IX-12 Advertising and promotionPrograms $69,882$69,882
IX-13 Office expensesPrograms $135,233$135,233
IX-16 OccupancyManagement $56,402$56,402
IX-17 TravelPrograms $147,278$147,278
IX-20 InterestManagement $1,033$1,033
IX-23 InsurancePrograms $5,361$5,361
IX-24 Other expenses (24a–d)Programs $2,575,573$2,575,573
IX-24e All other expensesPrograms $49,687 · Management $45,000$94,687
IX-25 Total functional expensesPrograms $3,322,713 · Management $156,761 · Fundraising $0$3,479,474
Part X · Balance sheet $164,646 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $995,010$164,646
X-16 Total assetsStart of year $995,010$164,646
X-25 Other liabilitiesStart of year $152,890$60,236
X-26 Total liabilitiesStart of year $152,890$60,236
X-27 Net assets without donor restrictionsStart of year $842,120$104,410
X-32 Total net assets or fund balancesStart of year $842,120$104,410
X-33 Total liabilities and net assetsStart of year $995,010$164,646
Part XI · Reconciliation of net assets $104,410 net assets at year end
XI-1 Total revenue$2,741,764
XI-2 Total expenses$3,479,474
XI-3 Revenue less expenses−$737,710
XI-4 Net assets at start of year$842,120
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$104,410

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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