Better Business Bureau Report for
Dreams for Kids

Better Business Bureau Report issued December 2011
Better Business Bureau Report expires December 2013


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


Find out more about this charity:

Back To Top

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
Back To Top

Better Business Bureau Comments

Year, State Incorporated: 1989, Illinois
Affiliates: Dreams for Kids DC, and 1 chapters
Stated Purpose: Dreams For Kids empowers at-risk youth and those with disabilities through dynamic leadership programs and life-changing activities that inspires them to fearlessly pursue their dreams and compassionately change the world.

Back To Top

Evaluation Conclusions

               

Dreams for Kids meets the 20 Standards for Charity Accountability.
Back To Top

Programs

               

Dream Leaders - At-risk youth and those with disabilities empowered by serving others. Holiday For Hope -The world’s largest holiday event for homeless and underprivileged kids. Extreme Recess -The first adaptive sports program of its kind for kids of all disabilities.

For the fiscal year ended December 31, 2010, Dreams for Kids's program expenses were:

  
In Kind Expenses and Donated Services 5,570,671
Program Services 496,792
Total Program Expenses: $6,067,463
Back To Top

Governance

               

Chief Executive : Thomas W. Tuohy, President & Founder
Compensation*:
 $50,000

Chair of the Board: Brandon Jung, Ed Kavanaugh, Mark Carter, Mark O'Meara, Dorthy Hillard, Dave Lawless, Jeff Hay, Cortez Alexander, Ravi
Chair's Profession / Business Affiliation: Brandon Jung, Chair, Google, Ed Kavanugh, Vice Chair of Programming, Mark Carte

Board Size: 10

Paid Staff Size: 4

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Back To Top

Fund Raising

               

Method(s) Used:

direct mail, invitations to fund raising events, grant proposals, internet
Fund raising costs were % of related contributions. (Related contributions, which totaled $6,175,723, are donations received as a result of fund raising activities.)
Back To Top

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.
Back To Top

Financial

               

The following information is based on Dreams for Kids's audited financial statements for the fiscal year ended December 31, 2010.

Source of Funds  
In Kind Contributions 5,570,671
Contributions 605,052
Other Income 29,185
Realized Gain 235
Unrealized Gain -3,737
Total Income $6,201,406


chart



Uses of Funds as a % of Total Expenses

Programs: 99%  Fund Raising: Less than 1%  Administrative: 1% 

Total income   $6,201,406
  Program expenses $6,067,463
  Fund raising expenses 8,609
  Administrative expenses 82,624
 
Total expenses   $6,158,696
Income in Excess of Expenses   42,710
Beginning net assets   60,405
Ending net assets   103,115
Total liabilities   27,858
Total assets   $130,973


Back To Top

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.

Send to:



What is an Accredited Charity