Better Business Bureau Report for
Dreams for Kids

Better Business Bureau Report issued December 2013
Better Business Bureau Report expires December 2015


This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Dreams for Kids
Address: 155 N. Michigan Ave
Suite 700
  Chicago, IL 60601
Phone: 312-669-8859
Web Address: www.dreamsforkids.org
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Better Business Bureau Comments

Year, State Incorporated: 1989, Illinois
Affiliates: None
Stated Purpose: Dreams for Kids replaces charity with opportunity for at-risk youth through service, leadership and social activities and inspires them to fearlessly pursue their dreams and compassionately change the world.

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Evaluation Conclusions

              

Dreams for Kids meets the 20 Standards for Charity Accountability.
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Programs

              

Dreams for Kids provide the platform to bring youth together for local and global social projects. From all backgrounds and socioeconomic areas, Dream Leaders are youth who work together on social initiatives, while uniting their peers and those with disabilities at the same time. Dream Leaders provide the opportunity to help others who are less fortunate. In turn, they develop their own leadership and entrepreneurial skills, while discovering social issues that bring purpose and meaning to their lives. Dream Leaders learn and take action. They make a difference in the world, while inspiring their peers to join and help others who are less fortunate.

For the fiscal year ended December 31, 2012, Dreams for Kids's program expenses were:

  
Dream Leaders 205,173
Extreme Recess 178,258
Holiday for Hope 110,933
Total Program Expenses: $494,364
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Governance

              

Chief Executive : Thomas Tuohy, Executive Director
Compensation*: 
$50,000

Chair of the Board: Alan Landry
Chair's Profession / Business Affiliation: Retired US Army Chief of Staff

Board Size: 7

Paid Staff Size: 4

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

              

Method(s) Used:

direct mail, invitations to fund raising events, print advertisements, television, radio, grant proposals, internet, planned giving arrangements
Fund raising costs were 4% of related contributions. (Related contributions, which totaled $535,888, are donations received as a result of fund raising activities.)
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Tax Status

              

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

              

The following information is based on Dreams for Kids's audited financial statements for the fiscal year ended December 31, 2012.

Source of Funds  
Donated Materials and Services 307,435
Contributions 228,453
Realized Loss on Investments -6,254
Total Income $529,634


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Uses of Funds as a % of Total Expenses

Programs: 91%  Fund Raising: 4%  Administrative: 5% 

Total income $529,634
Program expenses $494,364
Fund raising expenses 22,000
Administrative expenses 25,189
Total expenses $541,553
Expenses in Excess of Income (11,919)
Beginning net assets 81,035
Ending net assets 36,783
Total liabilities 0
Total assets $36,783


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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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