DREAMS COME TRUE OF JACKSONVILLE
Using data as of: June 2016
Rating: HIGHLY RECOMMEND
About
Dreams Come True of Jacksonville is the areas only locally-based organization granting the wishes of local children with life-threatening illnesses. No child is ever denied a dream and 100% of all donations go to granting the wish of a child. The organization is completely independent and not affiliated with any national organizations.
Dreams Come True was formed in 1984 and has granted the dreams of more than 3,700 children in that time. For a child to be eligible, they must have a life-threatening illness, live in the northeast Florida or southeast Georgia area, and be referred by their physician.
A unique feature is that 100% of every donation to fulfilling the dream of a child. This is made possible by program sponsors who cover the administrative expenses of Dreams Come True.
More information on Dreams Come True of Jacksonville can be found here:
https://www.dreamscometrue.org/
Dreams Come True Facebook:
https://www.facebook.com/DreamsComeTrueJax/
Our Analysis
Financial information comes from the latest public Form 990 filing.
Financial Overview
Dreams Come True saw more than $1.4 million in revenue according to their latest filing, with $865,000 coming from outside contributions.FINANCIAL INFORMATION
| CURRENT YEAR | |
|---|---|
| Contributions | 864,656 |
| Investment Income | 237,011 |
| Other Revenue | 322,176 |
| TOTAL REVENUE | 1,423,843 |
| Salaries & Compensation | 489,414 |
| Other Expenses | 825,711 |
| TOTAL EXPENSES | 1,315,125 |
| Revenue Minus Expenses | 108,718 | Totals may include items not listed above |
| END OF YEAR | |
|---|---|
| Assets | 4,666,922 |
| Liabilities | 46,484 |
| NET ASSETS | 4,620,438 |
| Number of employees | 8 |
| Voting board members | 38 |
Income Sources
Of that $1.4 million in revenue, $865,000 came from outside contributions, $322,000 from fundraising events, and $237,000 from their investments.INCOME SOURCES
| TOTAL REVENUE | |
|---|---|
| Contributions | 864,656 |
| Fundraising Events | 322,176 |
| Government Grants | 0 |
| TOTAL | 1,186,832 |
| Investment Income | 237,011 |
| TOTAL REVENUE | 1,423,843 | Totals may include items not listed above |
Expenses and Philanthropic Spending
Dreams Come True appears fairly efficient with their spending if you just look at their financial documents. They show about 77% of their spending went to their mission, but this is misleading because they use sponsors (like corporate giving) to cover their administrative expenses. They note that 100% of every donation goes to granting the dream of a child.| Program Spending | |
|---|---|
| Fulfilled Dreams | 766,557 |
| Special Times Program | 243,995 |
| TOTAL | 1,010,552 |
EXPENSES
| TOTAL EXPENSES | PROGRAM EXPENSES | ADMIN EXPENSES | FUNDRAISING EXPENSES | |
|---|---|---|---|---|
| Total expenses | 1,315,125 | 1,010,552 | 167,750 | 136,823 |
| Percentage of spending | 76.8% | 12.8% | 10.4% |
Our Conclusion
Dreams Come True of Jacksonville does a great job serving their mission. One concern we have is their very large board of directors, currently numbering 38. Ideally, boards are smaller in size because it makes it easier to reach consensus and avoid information overload and paralysis. There are few benefits in having a board this large – except to provide a convenient source of fundraising.
Despite this, we give them a HIGHLY RECOMMEND rating.
Contact:
Dreams Come True of Jacksonville
6803 Southpoint Parkway
Jacksonville, FL 32216
Phone: (904) 296-3030
Dreams Come True of Jacksonville Form 990 – Financial Information: LINK
Financial information comes from the latest Form 990 filing. This review is the opinion of Local Philanthropic and is provided for general information purposes only. Please conduct your own due diligence before donating to any nonprofit.