Dream Center Foundation

The information on this page was last updated 5/22/2023. If you see errors or omissions, please email: [email protected]


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.

Outreach Programs: Reaching up to 23 neighborhoods around LA county every week, we provide resources and create relationships with the people of our community.

Residential Programs: With over 500 spaces available to individuals and families, our residential programs provide people the opportunity to rebuild their lives in a safe and structured environment.

Resource Programs: Collaborating with other organizations, we provide further resources and supply the foundational needs that help our residents and communities thrive.


Contact information

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

Website: dreamcenter.org

Phone: 213-273-7000

Email: [email protected]


Organization details

EIN: 412269686

CEO/President: Caroline Barnett

Chairman: Tommy Barnett

Board size: 12

Founder: Tommy and Caroline Barnett

Ruling year: 2010

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: No

Member of ECFA since:


Purpose

Our Vision: To see everyone live their God-given dream.


Mission statement

Transforming lives and communities through Christ- body, soul, spirit.


Statement of faith

Donor confidence score

Show donor confidence score details

Transparency grade

D

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating485 of 111359 of 141
Fund acquisition rating649 of 111482 of 141
Resource allocation rating314 of 111437 of 141
Asset utilization rating578 of 111374 of 141

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
12%13%8%9%1%0%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
10%12%8%9%1%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
93%98%98%98%98%99%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
11%12%8%9%1%0%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
7%2%2%2%2%1%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
78%83%88%81%86%89%
Spending ratio Spending ratio =
Total expenses /
Total revenue
90%100%103%99%103%96%
Program output ratio Program output ratio =
Program services /
Total revenue
71%83%90%80%89%85%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
10%0%-3%1%-3%4%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
6%0%-2%1%-2%2%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%4%5%10%13%11%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.520.430.770.650.580.33
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.861.491.001.001.001.00
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.690.640.770.650.580.33
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
13.67120.25204.80239.04274.6489.96
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.010.000.000.000.01
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.4518.6015.5518.3320.5735.62
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
9%34%1%2%2%35%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%34%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
157%154%129%151%169%195%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$441,341$234,058$1,139,905$480,670$1,015,963
Receivables, inventories, prepaids$34,949,429$34,949,429$35,080,000$35,352,766$55,442,946
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$35,390,770$35,183,487$36,219,905$35,833,436$56,458,909
Long-term investments$0$0$0$0$0
Fixed assets$900$1,500$2,100$3,954$2,208
Other long-term assets$17,437,531$0$0$87,047$0
Total long-term assets$17,438,431$1,500$2,100$91,001$2,208
Total assets$52,829,201$35,184,987$36,222,005$35,924,437$56,461,117
 
Liabilities20222021202020192018
Payables and accrued expenses$294,315$171,795$151,523$130,474$127,634
Other current liabilities$0$0$0$0$500,000
Total current liabilities$294,315$171,795$151,523$130,474$627,634
Debt$0$0$0$0$19,139,316
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$17,587,531$150,000$505,700$500,000$0
Total long-term liabilities$17,587,531$150,000$505,700$500,000$19,139,316
Total liabilities$17,881,846$321,795$657,223$630,474$19,766,950
 
Net assets20222021202020192018
Without donor restrictions$34,947,355$34,863,192$35,564,782$35,293,963$36,694,167
With donor restrictions$0$0$0$0$0
Net assets$34,947,355$34,863,192$35,564,782$35,293,963$36,694,167
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$22,189,191$25,786,672$23,392,061$19,928,839$19,389,585
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$522,494$522,612$582,601$356,401$349,053
Other revenue$0$0$0$0($90,185)
Total other revenue$522,494$522,612$582,601$356,401$258,868
Total revenue$22,711,685$26,309,284$23,974,662$20,285,240$19,648,453
 
Expenses20222021202020192018
Program services$18,831,855$23,678,053$19,098,174$17,978,638$16,656,778
Management and general$995,221$1,263,398$2,465,687$2,707,495$2,143,035
Fundraising$2,814,101$2,069,505$2,053,032$138,629$8,978
Total expenses$22,641,177$27,010,956$23,616,893$20,824,762$18,808,791
 
Change in net assets20222021202020192018
Surplus (deficit)$70,508($701,672)$357,769($539,522)$839,662
Other changes in net assets$0$0$0$0$0
Total change in net assets$70,508($701,672)$357,769($539,522)$839,662

Compensation

NameTitleCompensation
Pastor Tommy BarnettChairman$78,306
Pastor Caroline BarnettExecutive Di$75,529

Compensation data as of: 6/30/2022


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 5/22/2023. To update the information below, please email: [email protected]


History


Program accomplishments


Needs