Dream Center Foundation

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 11/24/2020. To update the information in this column, please email: info@ministrywatch.com


Summary

The Dream Center, a volunteer driven organization that finds and fills the needs of individuals and families alike, was founded in 1994 and currently serves over 40,000 people each month.


Contact information

Mailing address:
Dream Center Foundation
2301 Bellevue Ave
Los Angeles, CA 90026

Website: dreamcenter.org

Phone: 213-273-7000

Email: info@dreamcenter.org


Organization details

EIN: 412269686

CEO/President: Caroline Barnett

Chairman: Tommy Barnett

Board size: 14

Founder: Tommy and Caroline Barnett

Year founded: 2010

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: No

Member of ECFA since:


Purpose

The Dream Center serves as a resource center focused on providing support to those affected by homelessness, hunger, and the lack of education through residential and community outreach programs. In efforts to provide opportunities for people to rebuild and transform their lives, the Dream Center offers the tools, education, community, and support through various programs available, all free of charge.


Mission statement

Our mission is to connect broken people to a community of support by providing free resources and services that address immediate and long-term needs in the areas of homelessness, hunger, poverty, addiction, abuse, education and human trafficking.


Statement of faith

Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating77 of 91318 of 160
Fund acquisition rating51 of 9158 of 160
Resource allocation rating146 of 91525 of 160
Asset utilization rating380 of 91378 of 160

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
10%1%0%1%1%6%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
9%1%0%1%1%6%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
91%98%99%98%98%97%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
10%1%0%1%1%6%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
9%2%1%2%2%3%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%86%89%90%93%83%
Spending ratio Spending ratio =
Total expenses /
Total revenue
96%103%96%94%100%105%
Program output ratio Program output ratio =
Program services /
Total revenue
76%89%85%85%93%87%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
4%-3%4%6%0%-5%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%-2%2%1%0%-1%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%13%11%9%6%11%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.580.580.330.220.600.32
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.761.001.001.00126.201.00
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.260.580.330.2275.610.32
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
10.19274.6489.96360.532.35173.66
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.080.000.010.000.430.01
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.4520.5735.6254.280.0937.85
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%2%35%2%2%2%
Debt ratio Debt ratio =
Debt /
Total assets
1%0%34%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
141%169%195%446%164%311%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$480,670$1,015,963$262,287$144,010$190,454
Receivables, inventories, prepaids$35,352,766$55,442,946$35,303,149$134,129$34,822,408
Short-term investments$0$0$0$0$189,867
Other current assets$0$0$0$0$0
Total current assets$35,833,436$56,458,909$35,565,436$278,139$35,202,729
Long-term investments$0$0$0$0$0
Fixed assets$3,954$2,208$2,576$3,128$6,863
Other long-term assets$87,047$0$0$34,818,858$15,061
Total long-term assets$91,001$2,208$2,576$34,821,986$21,924
Total assets$35,924,437$56,461,117$35,568,012$35,100,125$35,224,653
 
Liabilities20192018201720162015
Payables and accrued expenses$130,474$127,634$98,649$118,535$202,705
Other current liabilities$0$500,000$0$0$0
Total current liabilities$130,474$627,634$98,649$118,535$202,705
Debt$0$19,139,316$0$0$5,811
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$500,000$0$500,000$500,000$500,000
Total long-term liabilities$500,000$19,139,316$500,000$500,000$505,811
Total liabilities$630,474$19,766,950$598,649$618,535$708,516
 
Net assets20192018201720162015
Without donor restrictions$35,293,963$36,694,167$34,969,363$34,481,590$34,516,137
With donor restrictions$0$0$0$0$0
Net assets$35,293,963$36,694,167$34,969,363$34,481,590$34,516,137
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$19,928,839$19,389,585$8,176,183$20,645,716$10,244,989
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$356,401$349,053$174,133$350,012$360,712
Other revenue$0($90,185)($21,916)$0$0
Total other revenue$356,401$258,868$152,217$350,012$360,712
Total revenue$20,285,240$19,648,453$8,328,400$20,995,728$10,605,701
 
Expenses20192018201720162015
Program services$17,978,638$16,656,778$7,067,118$19,519,584$9,258,042
Management and general$2,707,495$2,143,035$677,163$1,250,931$1,203,831
Fundraising$138,629$8,978$96,346$259,760$634,128
Total expenses$20,824,762$18,808,791$7,840,627$21,030,275$11,096,001
 
Change in net assets20192018201720162015
Surplus (deficit)($539,522)$839,662$487,773($34,547)($490,300)
Other changes in net assets$0$0$0$0$0
Total change in net assets($539,522)$839,662$487,773($34,547)($490,300)

Compensation

Compensation data for this ministry has not been collected.


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 11/24/2020. To update the information below, please email: info@ministrywatch.com


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