philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Dreams Work INC FY2022 filing

Tax-deductible

Hyattsville, MD501(c)(3)Youth Development EIN 90-0539766Revenue $2.3M in FY2022

On file with the IRS8201 Corporate Dr Ste 620, 20785-2245 · Hyattsville, MDTax-exempt since Feb 2018Publicly supported charity — 170(b)(1)(A)(vi)

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

To provide program enrichment services to underserved and underprivileged urban youth.

501(c)(3) charity; gifts are tax-deductible.
36¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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 4
filings with a surplus
Average surplus $485K a year · 32% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
36%
of spending
Concern: 36% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 8.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $200K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$10K
0.7% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 2 voting members
Concern: none of 2 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.3M
+345% vs prior year
Spent
$1.4M
To programs
36%
Net assets
$1.4M
By yearFY2020–FY2024
Revenue
$2.3M
FY2022▲ +345%
Tap a bar for its year
Revenue by fiscal year
FY2020$177K
FY2021$519K
FY2022$2.3M
FY2023$1.2M
FY2024$2.0M
Expenses
$1.4M
FY2022▲ ×33
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$43K
FY2022$1.4M
FY2023$915K
FY2024$1.7M
Net assets
$1.4M
FY2022▲ +153%
Tap a bar for its year
Net assets by fiscal year
FY2020$80K
FY2021$558K
FY2022$1.4M
FY2023$1.2M
FY2024$1.5M

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

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

Is it real?

Yes. Exemption reinstated (2014-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Feb 2018.

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

Where the money goes

36 cents of each dollar spent went to programs.

Program services 36% · $516K Management & general 64% · $923K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Costello Wilson
Vice President Operations
$0Pt VII · Sec A
Robert Bell
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Dreams Work INC executive salaries →

On this list? Claim this org

Something off? Claim to add context

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

Enriching urban youth programs for underserved communities.

Questions for Dreams Work INC

Tap to ask. Dreams Work INC sees how many people are interested.

Your first name shows with your question. Dreams Work INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $516K · in their own filed words · FY2022
01

The urban farm stand entrprenurial program. A summer enrichment program that serves over 200 youth. Youths are are taught basics of business operation and introduction to management principals.

$516Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2022
Greater Washington Community FoundationFY2022$200K
Total grants receivedfrom 1 funder$200K

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.3M
Ln 12
Gifts and grantsLn 1h$2.3M
Money outPt IX
$1.4M
Ln 25
Programscol B$516K
Managementcol C$923K
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$963K
Total assetsLn 16$1.4M
LiabilitiesLn 26$10K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.3M
Government grantsLn 1e$171K
Total revenueLn 12$2.3M
Assets in detailPt X, end of year
CashLn 1$951K
SavingsLn 2$11K
Cash and savings togetherLn 1–2$963K
Total assetsLn 16$1.4M
LiabilitiesLn 26$10K
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 626
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$556K$963K
Total assetsLn 16$558K$1.4M
LiabilitiesLn 26$0$10K
Net assetsLn 32$558K$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$369K$369K
Other salaries and wagesLn 7$332K$0$332K$0
Management feesLn 11a$514K$0$514K$0
Accounting feesLn 11c$2K$0$2K$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$143K$143K$0$0
Office expensesLn 13$2K$0$2K$0
TravelLn 17$3K$3K$0$0
Other expenses (24a–d)Ln 24$73K$0$73K$0
Total functional expensesLn 25$1.4M$516K$923K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.0M$1.7M$309K$1.5M 990 PDF
FY2023 $1.2M$915K$283K$1.2M 990 PDF
FY2022 Viewing $2.3M$1.4M$872K$1.4M 990 PDF
FY2021 $519K$43K$476K$558K 990 PDF
FY2020 $177K$80K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $2,310,300 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $518,795$2,310,300
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $518,795$2,310,300
I-13 Grants and similar amounts paid$369,461
I-14 Benefits paid to members$0
I-15 Salaries and benefits$331,580
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $43,057$737,261
I-18 Total expensesPrior year $43,057$1,438,302
I-19 Revenue less expensesPrior year $475,738$871,998
Part VI · Governance 0 of 2 board members independent, 3 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members0
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 $2,310,300 across 4 lines filed
VIII-1e Government grants$170,684
VIII-1f All other contributions, gifts and grants$2,139,616
VIII-1h Total contributions, gifts and grants$2,310,300
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$2,310,300
Part IX · Statement of functional expenses $1,438,302 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $369,461$369,461
IX-7 Other salaries and wagesPrograms $0 · Management $331,580 · Fundraising $0$331,580
IX-11a Management feesPrograms $0 · Management $514,421 · Fundraising $0$514,421
IX-11c Accounting feesPrograms $0 · Management $2,064 · Fundraising $0$2,064
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $143,178 · Management $0 · Fundraising $0$143,178
IX-13 Office expensesPrograms $0 · Management $1,502 · Fundraising $0$1,502
IX-17 TravelPrograms $2,979 · Management $0 · Fundraising $0$2,979
IX-24 Other expenses (24a–d)Programs $0 · Management $73,117 · Fundraising $0$73,117
IX-25 Total functional expensesPrograms $515,618 · Management $922,684 · Fundraising $0$1,438,302
Part X · Balance sheet $1,422,613 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $555,758$951,219
X-2 Savings and temporary cash investments$11,389
X-3 Pledges and grants receivableStart of year $2,500$460,005
X-16 Total assetsStart of year $558,258$1,422,613
X-17 Accounts payable and accrued expensesStart of year $0$6,027
X-18 Grants payable$3,825
X-26 Total liabilitiesStart of year $0$9,852
X-27 Net assets without donor restrictions$1,412,761
X-32 Total net assets or fund balancesStart of year $558,258$1,412,761
X-33 Total liabilities and net assetsStart of year $558,258$1,422,613
Part XI · Reconciliation of net assets $1,412,761 net assets at year end
XI-1 Total revenue$2,310,300
XI-2 Total expenses$1,438,302
XI-3 Revenue less expenses$871,998
XI-4 Net assets at start of year$558,258
XI-10 Net assets at end of year$1,412,761

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.