Dream Centers of Colorado Springs

The information on this page was last updated 6/3/2024. If you see errors or omissions, please email: [email protected]


Summary

Dream Centers is a non-profit organization helping people trapped in cycles of poverty find hope, embrace health, and build sustainable lives-for themselves and their children.

A Holistic Approach - Our programs empower people to learn new mindsets, establish new baseline behaviors, achieve sustainable goals, and step into a new life of hope and health.

A Commitment to Learning - We are a trauma-informed, research-based organization of professional providers, compassionate doers, and hospitable innovators.

A Community of Support - Every Dream Centers staff member, volunteer, supporter, and participant is committed to creating a supportive and empowering environment.


Contact information

Mailing address:
Dream Centers of Colorado Springs
11025 Voyager Pkwy
Colorado Springs, CO 80921

Website: dreamcenters.com

Phone: 719-247-2007

Email: [email protected]


Organization details

EIN: 274876080

CEO/President: Matthew Ayers

Chairman: Brady Boyd

Board size: 6

Founder:

Ruling year: 2011

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 2019


Purpose

We collaborate, provide holistic care, and balance our motives of compassion and justice in order that broken lives may be restored to wholeness.

Our Vision: We are committed to ending generational poverty and family homelessness in the Pikes Peak Region.

Dream Centers is made up of people with one common goal in mind - leveraging our resources to see our city flourish. We partner with the greater Colorado Springs community to provide holistic care and services with compassion, faith, and justice so that broken lives can be restored to wholeness.


Mission statement

Provide health and hope for people working to rebuild their dreams.


Statement of faith

The Board of Directors and all staff at the Dream Centers of Colorado Springs affirm the Nicene Creed as their corporate Statement of Beliefs.

Nicene Creed

I believe in one God, the Father Almighty, Maker of heaven and earth, and of all things visible and invisible.

And the one Lord Jesus Christ, the only-begotten Son of God, begotten of the Father before all worlds; God of God, Light of Light, very God of very God; begotten, not made, being of one substance with the Father, by whom all things were made.

Who, for us men for our salvation came down from heaven, and was incarnate by the Holy Spirit of the virgin Mary, and was made man; and was crucified also for us under Pontius Pilate; He suffered and was buried; and they third day He rose again, according to the Scriptures' and ascended into heaven, and sits on the right hand of the Father; and He shall come again, with glory, to judge the quick and the dead; whose kingdom shall have no end.

And I believe in the Holy Ghost, the Lord and Giver of Life; who proceeds from the Father [and the Son]; who with the Father and the Son together is worshipped and glorified; who spoke by the prophets.

And I believe one holy catholic and apostolic Church, I acknowledge one baptism for the remission of sin; and I look for the resurrection of the dead, and the life of the world to come. Amen.

Donor confidence score

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Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating1037 of 1113130 of 141
Fund acquisition rating744 of 111498 of 141
Resource allocation rating910 of 1114109 of 141
Asset utilization rating1062 of 1113138 of 141

Financial ratios

Funding ratiosSector median20222021202020192017
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
12%15%12%8%8%10%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
10%14%12%8%8%10%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
93%97%99%99%98%100%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
11%16%16%12%10%13%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
7%3%1%1%2%0%
 
Operating ratiosSector median20222021202020192017
Program expense ratio Program expense ratio =
Program services /
Total expenses
78%72%72%76%76%72%
Spending ratio Spending ratio =
Total expenses /
Total revenue
90%93%75%65%81%78%
Program output ratio Program output ratio =
Program services /
Total revenue
71%67%54%49%61%56%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
10%7%25%35%19%22%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
6%3%12%20%13%18%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%12%12%12%14%15%
 
Investing ratiosSector median20222021202020192017
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.520.260.370.360.450.62
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.868.702.974.777.463.01
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.692.291.091.743.381.86
 
Liquidity ratiosSector median20222021202020192017
Current ratio Current ratio =
Total current assets /
Total current liabilities
13.676.4714.6011.074.3211.56
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.150.070.090.230.09
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.454.4210.226.282.735.90
 
Solvency ratiosSector median20222021202020192017
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
9%35%2%2%16%3%
Debt ratio Debt ratio =
Debt /
Total assets
0%31%0%0%13%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
157%247%266%269%186%158%

Financials

Balance sheet
 
Assets20222021202020192017
Cash$467,620$1,520,946$775,755$348,363$706,943
Receivables, inventories, prepaids$555,429$410,154$273,421$278,063$147,374
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$1,023,049$1,931,100$1,049,176$626,426$854,317
Long-term investments$0$0$0$0$0
Fixed assets$7,702,313$3,810,810$3,955,183$4,043,948$1,721,137
Other long-term assets$172,077$0$0$0$0
Total long-term assets$7,874,390$3,810,810$3,955,183$4,043,948$1,721,137
Total assets$8,897,439$5,741,910$5,004,359$4,670,374$2,575,454
 
Liabilities20222021202020192017
Payables and accrued expenses$158,112$132,283$94,752$144,997$73,893
Other current liabilities$0$0$0$0$0
Total current liabilities$158,112$132,283$94,752$144,997$73,893
Debt$2,775,025$0$0$592,500$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$175,866$0$0$0$0
Total long-term liabilities$2,950,891$0$0$592,500$0
Total liabilities$3,109,003$132,283$94,752$737,497$73,893
 
Net assets20222021202020192017
Without donor restrictions$4,736,847$4,801,155$4,637,929$3,548,537$2,305,897
With donor restrictions$1,051,589$808,472$271,678$384,340$195,664
Net assets$5,788,436$5,609,627$4,909,607$3,932,877$2,501,561
 
Revenues and expenses
 
Revenue20222021202020192017
Total contributions$2,457,508$2,781,651$2,775,674$2,575,512$2,033,741
Program service revenue$63,457$30,946$25,807$13,405$1,527
Membership dues$0$0$0$0$0
Investment income$4,067($1,342)$6,265$13$5
Other revenue$0$0($6,037)$26,682($1,578)
Total other revenue$67,524$29,604$26,035$40,100($46)
Total revenue$2,525,032$2,811,255$2,801,709$2,615,612$2,033,695
 
Expenses20222021202020192017
Program services$1,700,501$1,525,103$1,380,371$1,605,646$1,141,083
Management and general$280,138$247,121$224,988$293,541$235,251
Fundraising$365,583$339,011$219,620$215,177$210,417
Total expenses$2,346,222$2,111,235$1,824,979$2,114,364$1,586,751
 
Change in net assets20222021202020192017
Surplus (deficit)$178,810$700,020$976,730$501,248$446,944
Other changes in net assets$0$0$0$0$0
Total change in net assets$178,810$700,020$976,730$501,248$446,944

Compensation

NameTitleCompensation
Matthew AyersSecretary/ CEO$127,983
Natalie JohnsonWomen's Clinic Executive Director$127,497
Nora McKenizeVice President of Advancement$110,121
Michael AnthonyDirector/Coo & CFO$108,390

Compensation data as of: 12/31/2022


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 6/3/2024. To update the information below, please email: [email protected]


History

Dream Centers' founding vision continues today - to identify and fill the greatest gaps in care-the points of pain-for people suffering in the Pikes Peak region. As a result, our two pillar programs, The Women's Clinic and Mary's Home, were formed.

Now, Dream Centers residents at Mary's Home and patients at the Women's Clinic are rebuilding their dreams. They are becoming hopeful, helpful, and healthier to create a better life for their families, and build a better community for all.


Program accomplishments


Needs