Storeydreams Foundation INC EIN 95-4295220 Form 990 (PDF) Claim this org

Storeydreams Foundation INC

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Preaches Jesus Christ's gospel and offers healing to the church. For fiscal year 2024 it reported $620K in revenue, $364K in expenses, and $507K in net assets.Pt I

Type
Public charity (501(c)(3)) · Unclassified
Location
Fullerton, CA
Filings
5 on file (2020–2024)
Revenue
$620KFY2024
Expenses
$364K
Net assets
$507K
People
4
Filings
5
Updates
0
More identity details & actions ⌄
EIN  95-4295220 Public charity (501(c)(3)) Fullerton, CA
Form 990 (PDF)
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Size
$100K–1M
What they do
Preaches Jesus Christ's gospel and offers healing to the church.
Leadership
Tim Storey · President · $74K
Money in and out
$620K revenue, $364K expenses
Bottom line
87% program efficiency
Where the money goes · FY2024
Total revenue
$620K
Pt VIII · Ln 12
Total expenses
$364K
Pt IX · Ln 25
Net assets
$507K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $256K
Where spending went · Part IX cols B–D
Program services $0.87 Management & general $0.13
Program efficiency
87%
of spending reaches programs▲ +4% vs prior filing year
Operating runway
2.3mo
months of highly liquid reserves at operating expense rate▲ +360% vs prior filing year
Surplus margin
+41%
revenue over expenses, this year▲ +877% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$620K
FY2024▲ +118%
Expenses
$364K
FY2024▲ +34%
Total assets
$521K
FY2024▲ +107%
Total liabilities
$15K
FY2024▲ +716%
Total revenue
$620K
Pt VIII · Ln 12
Total expenses
$364K
Pt IX · Ln 25
Net assets
$507K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$256K
Total assetsPt X · Ln 16$521K
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

3 program services account for $197K of program spending, described in the organization's own filed words · FY2024.
01

Corporate Support

This program gets corporate donations from christian business people are taken to support the various life coaching teaching events that help the christian business community.

$127Kprogram expense
02

Evangelism Program

Evangelist tim storey and staff visit churches and other christian events to speak and hold healing crusades. As a result of these meetings the gospel of jesus christ is preached and people commit their lives to serving god.

$46Kprogram expense
03

Life Coaching

The life coaching program is structured to teach people how to use their faith to move forward after experiencing an unexpected setback. The motto is "a comeback is not a go-back and the program is aimed to teach people how to rise up and move forward and leave behind the weight of the past.

$24Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CStoreydreams Foundation INC
EINHdr · item D95-4295220
Principal addressHdr · item CFullerton, CA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFUnclassified (Z99Z)
Ruling yearIRS BMFDec 1991

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$74,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A

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

NameFY2024FY2023FY2022FY2021FY2020
Tim Storey$74,000$7,500$13,000$83,500$3,500

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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Statement of Revenue

Part VIII
Contributions & grants$335K · 54%
Program service revenue$285K · 46%
Contributions & grants54%$335K
Program service revenue46%$285K
Total revenueLn 12$620K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.87 Management & general $0.13
Program services87%$318K
Management & general13%$46K
Total functional expensesLn 25$364K

Balance Sheet

Part X · end of year
CashLn 1$69K
Total assetsLn 16$521K
Total liabilitiesLn 26$15K
Total net assetsLn 32$507K
Months of cash on handcomputed2.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $69K · Operating expenses/yr $364K
2.3 months
Where the money goes
Program services
Program services $318K · Total expenses $364K
87%
Management & General
Management & general $46K · Total expenses $364K
13%
Fundraising
Fundraising $0 · Total expenses $364K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $175K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $335K · Total revenue $620K
54%
Government reliance
Government grants — · Total revenue $620K
Earned-income share
Program service revenue $285K · Total revenue $620K
46%
Investment reliance
Investment income $0 · Total revenue $620K
0%
Program self-sufficiency
Program service revenue $285K · Total expenses $364K
78%
Growth & trend
Revenue growth (YoY)
This year $620K · Prior year $284K
+118%
Revenue CAGR
FY2020 $317K · FY2024 $620K
+18%
Net-asset trend (YoY)
End of year $507K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $620K · Expenses $364K
+41%
Liabilities-to-Assets
Total liabilities — · Total assets $521K
Net-asset ratio
Net assets $507K · Total assets $521K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $521K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Tim Storey · Reported title PRESIDENT · Highest reported compensation $74K · Total expenses $364K
20%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $279K · Total expenses $364K
77%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 87%
Overhead ratio 13%
Fundraising cost ratio 0%
Revenue growth 118%
Accounting fee ratio 4%

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.

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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
FY2024 (Latest)$620K revenue · viewing · ⤓ 990 PDF
FY2023$284K revenue · ⤓ 990 PDF
FY2022$353K revenue · ⤓ 990 PDF
FY2021$571K revenue · ⤓ 990 PDF
FY2020$317K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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