West Nashville Dream Center / Dream Streets
Fiscal Year
Fiscal Year Start
07/01/2023
Fiscal Year End
06/30/2024
Projected Revenue
$1,785,200.00
Projected Expenses
$1,458,221.00
Organizational Budgets and Other Documents
| FY 23-24 Budget | 2024 |
| FY 2022-23 Budget | 2023 |
| FY 22 Budget | 2022 |
| 2020-2021 Budet | 2021 |
| 2019-2020 Budget | 2020 |
| 2018-2019 Budget | 2019 |
IRS Letter of Exemption
| WNDC IRS letter |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $978,894.00 | $1,219,241.00 | $962,901.00 |
| Total Expenses | $1,327,126.00 | $953,510.00 | $684,793.00 |
| Revenue Less Expenses | ($348,232.00) | $265,731.00 | $278,108.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | $0.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $0.00 | $0.00 | $0.00 |
| Government - Local | $0.00 | $0.00 | $0.00 |
| Government - Unspecified | $0.00 | $0.00 | $142,855.00 |
| Contributions, Gifts, and Grants | $780,584.00 | $1,046,689.00 | $653,762.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $0.00 | $0.00 | $0.00 |
| Investment Income, Net of Losses | $7,316.00 | $1,573.00 | $2,579.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $190,994.00 | $170,979.00 | $163,705.00 |
| Revenue In-Kind | $0.00 | $0.00 | $0.00 |
| Other | $0.00 | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $995,718.00 | $723,750.00 | $550,769.00 |
| Administration Expense | $198,122.00 | $139,095.00 | $44,521.00 |
| Fundraising Expense | $133,286.00 | $90,665.00 | $89,503.00 |
| Total Revenue/Total Expenses | 74% | 128% | 141% |
| Program Expense/Total Expenses | 75% | 76% | 80% |
| Fundraising Expense/Contributed Revenue | 10% | 10% | 13% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Contributions, Gifts, and Grants $780,584.00 | Contributions, Gifts, Grants $1,046,689.00 | Contributions, Gifts, and Grants $653,762.00 |
| Second Highest Funding Source & Dollar Amount | Fundraising Events $190,994.00 | Fundraising Events $170,979.00 | Fundraising Events $163,705.00 |
| Third Highest Funding Source & Dollar Amount | Investment Income $7,316.00 | Investment Income $1,573.00 | Government Grants $142,855.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $1,477,467.00 | $1,477,197.00 | $1,202,160.00 |
| Current Assets | $318,123.00 | $689,365.00 | $478,541.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Current Liabilities | $370,990.00 | $22,488.00 | $13,182.00 |
| Total Net Assets | $1,106,477.00 | $1,454,709.00 | $1,188,978.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
December
Permit Expiration Year
2024
Solicitations Permit
Form 990s
| 990 | 2023 |
| 990 | 2022 |
| 990 | 2021 |
| 990 | 2020 |
| 2019 Form 990 | 2019 |
| 2018 990 Form | 2018 |
| 2017 990 Form | 2017 |
Audit Documents
| Audit | 2023 |
| Audit | 2022 |
| Audit | 2021 |
| Audit | 2020 |
| Audit | 2019 |
| Audit | 2018 |
| P & L 2017 | 2017 |
| P & L 2016 | 2016 |
| P & L 2015 | 2015 |
| P & L 2014 | 2014 |
| P & L 2013 | 2013 |
CEO/Executive Director/Board Comments
| In 2022, we received approximately $530,000 in private and public grant funding which, for the first time, changed our majority revenue stream from individual giving to gran funding. In 2023, we will continue to diversify our revenue streams by increasing the number of fundraising events and continuing to recruit committed individual donors. |
Foundation Staff Comments
| Financial figures taken from the Form 990. Form 990 was prepared by Brown & Maguire CPAs, PLLC. Comments provided by Hayley Sulfridge 12/18/23. |
