Better Business Bureau Report for
Dreams With Wings, Inc.

Better Business Bureau Report issued October 2017
Better Business Bureau Report expires October 2018


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


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Charity Contact Information

Name: Dreams With Wings, Inc.
Address: 1579 Bardstown Road
  Louisville, KY 40205
Phone: 502-459-4647
Web Address: www.dreamswithwings.org
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Better Business Bureau Comments

Year, State Incorporated: 2000, Kentucky
Affiliates: None
Stated Purpose: The mission of Dreams With Wings is to empower children and adults with intellectual and developmental disabilities and autism as they recognize their strengths, contribute to their community, and pursue their dreams.

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Evaluation Conclusions

              

Dreams With Wings, Inc. meets the 20 Standards for Charity Accountability.
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Programs

              

Dreams With Wings programs and services include: 1) Dream Builders Day Program - Provides daily opportunities for integration and individual development. 2) Staffed Residences - Provides 24 hour supervision for two or three individuals in a home. 3) Family Home Provider - An individual with a disability lives in the home of an individual or family. 4) Case Management- The coordination of services for individuals with developmental, intellectual, or other developmental disabilities. 5) Supported Apartments/Living - Provides support on an intermittent basis 10 to 20 hours per week. 6) Continuing Education - Programs for individuals such as art, acting, computer, and reading classes. 7) Leisure Outreach - Monthly recreational and leisure activities for clients and also individuals living in the community. 8) Supported Employment - Provides job development and support for individuals to have employment in the community. 9) Occupational, Physical, and Speech Therapy - Therapies provided to assist the individual to be as engaged in life as possible. These therapies strengthen the individual's physical abilities, as well as facilitate communication. 10) Behavior and Psychological Supports - These are provided to assist the individual with behaviors that may keep them from assimilating into the community. 11) In-home Support - Provides personal care for individuals living in their own home. 12) Respite - Provides temporary support for individuals so that their caregiver may have some downtime. 13) Summer Camp - An 8-week, summer day program for teens with developmental disabilities and autism.

For the fiscal year ended June 30, 2016, Dreams With Wings, Inc.'s program expenses were:

  
Program Services 4,742,601
Total Program Expenses: $4,742,601
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Governance

              

Chief Executive : Jenifer Frommeyer, Executive Director
Compensation*: 
$80,000

Chair of the Board: Mitzi Wyrick
Chair's Profession / Business Affiliation: Attorney

Board Size: 10

Paid Staff Size: 120

*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, radio, grant proposals, internet, cause-related marketing.
Fund raising costs were 26% of related contributions. (Related contributions, which totaled $317,644, 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 With Wings, Inc.'s audited financial statements for the fiscal year ended June 30, 2016.

Ending net assets as reported below include $2,924,229 in unrestricted net assets and $17,000 in temporarily restricted net assets.

Unrestricted net assets include $2,824,229 in undesignated assets and $100,000 in board designated assets.

Total assets as reported include $3,541,633 invested in property, land, and equipment, net.

Source of Funds  
Program Services 4,566,928
Contributions and Grants 175,812
Apartment Rentals 97,486
Charitable Gaming 78,717
Special Events 63,115
Other Income 94
Interest 48
Total Income $4,982,200


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Uses of Funds as a % of Total Expenses

Programs: 86%  Fund Raising: 2%  Administrative: 12% 

Total income $4,982,200
Program expenses $4,742,601
Fund raising expenses 83,687
Administrative expenses 636,224
Total expenses $5,462,512
Expenses in Excess of Income (480,312)
Beginning net assets 3,421,541
Ending net assets 2,941,229
Total liabilities 1,297,511
Total assets $4,238,740

Dreams With Wings' audit for the year ending June 30, 2016 includes the following Going Concern note:

"As of June 30, 2016, the Organization’s current liabilities exceeded its current assets by $138,067. The Organization experienced net losses of $480,312 and $66,655 for the years ended June 30, 2016 and 2015, respectively, and has experienced cash flow challenges resulting in delays in paying certain vendors, provider taxes, and other ongoing operating needs. These factors, as well as the uncertainly of cash flows from operations during 2017 and the debt outstanding, create an uncertainty about the Organization’s ability to continue as a going concern.

Management is actively implementing cost cutting measures, evaluating operations, and pursuing more revenue stream opportunities that would increase cash flows. The ability for the Organization to continue as a going concern is dependent on achieving goals which would produce sufficient operating cash flows to meet vendor and debt obligations during the year ending June 30, 2017. The consolidated financial statements do not include any adjustments that might be necessary if the Organization is unable to continue as a going concern."

Dreams With Wings was provided an opportunity to comment on the going concern note in the audit and has responded as follows:

"DWW has implemented a cost reduction initiative to address these concerns. In addition to cost reduction we are exploring other avenues of revenue producing programs. These should provide necessary income to address the going concern opinion. Additional Finance staff has also been brought on to initiate the Board approved Financial Action Plan."

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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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