BBB Wise Giving Report for
Dream Factory

BBB Wise Giving Report issued July 2010
BBB Wise Giving Report expires July 2012


Does not meet one or more standards
This charity does not meet one or more of the 20 standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Dream Factory
Address: 200 West Broadway,
Suite 504
  Louisville, KY 40202
Phone: 502-561-3001
Web Address: www.dreamfactoryinc.org
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BBB Wise Giving Alliance Comments

Year, State Incorporated: 1981, Kentucky
Affiliates: 36 chapters
Stated Purpose: "to grant the dreams of critically or chronically ill children who are 3 through 18 years of age."

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Evaluation Conclusions

               

Dream Factory (DF) does not meet the following Standard for Charity Accountability.

Standard 3: Frequency and Attendance of Board Meetings - An organization shall have a minimum of three evenly spaced meetings per year of the full governing body with a majority in attendance, with face-to-face participation. A conference call of the full board can substitute for one of the three meetings of the governing body. For all meetings, alternative modes of participation are acceptable for those with physical disabilities.

DF does not meet this Standard because:

  • The board of directors did not hold a minimum of three evenly spaced meetings in the past fiscal year.
Dream Factory meets the remaining 19 Standards for Charity Accountability.
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Programs

               

DF grants dreams to critically and chronically ill children. The organiztion reports that these dreams include, but are not limited to, central Florida vacations, computers, televisions, shopping sprees and visits to favorite celebrities and sports figures. The organization typically grants between 300 and 400 dreams per year.

For the fiscal year ended August 31, 2009, DF's program expenses were:

  
Dream expenses 2,266,825
Total Program Expenses: $2,266,825
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Governance

               

Chief Executive : Anne Bunger, National Director/CEO
Compensation*:
 $72,639

Chair of the Board: Brian Juengling
Chair's Profession / Business Affiliation: Business Consultant

Board Size: 36

Paid Staff Size: 4

*September 1, 2008 - August 31, 2009 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, special events, television, radio, grant proposals, Internet appeals, planned giving, and cause-related marketing.
Fund raising costs were 8% of related contributions. (Related contributions, which totaled $2,376,169, 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 Dream Factory's audited financial statements for the fiscal year ended August 31, 2009.

Source of Funds  
Donations and fundraising 1,461,774
Donations in-kind 620,866
Special events (net) 293,529
Investment income 35,598
Miscellaneous 23,508
Total Income $2,435,275


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Uses of Funds as a % of Total Expenses

Programs: 86%  Fund Raising: 7%  Administrative: 7% 

Total income   $2,435,275
  Program expenses $2,266,825
  Fund raising expenses 186,769
  Administrative expenses 198,259
 
Total expenses   $2,651,853
Expenses in Excess of Income   (216,578)
Beginning net assets   3,716,672
Ending net assets   3,500,094
Total liabilities   21,040
Total assets   $3,521,134

Note: For the year ended August 31, 2009, DF had in-kind expenses in the amount of $627,024 which includes donations from Give Kids the World ($544,482) and other miscellaneous in-kind donations ($82,542).

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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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