Phoenix Dream Center 
The information on this page was last updated 8/7/2024. If you see errors or omissions, please email: [email protected]
Summary
The Phoenix Dream Center is a 501(C)(3) nonprofit committed to stopping human trafficking, educating tomorrow's leaders, and ending childhood hunger.
Contact information
Mailing address:
Phoenix Dream Center
3210 Grand Ave
Phoenix, AZ 85017
Website: phoenixdreamcenter.org
Phone: 602-346-8700
Organization details
EIN: 861001113
CEO/President: Brian D. Steele
Chairman: Doug Preudhomme
Board size: 5
Founder: Tommy Barnett
Ruling year: 2002
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: No
Member of ECFA since:
Purpose
We're on a mission to stop human trafficking, end childhood hunger and educate tomorrows leaders. We do this through residential life recovery programs and community engagement outreach services.
Mission statement
At the Phoenix Dream Center, our mission is to study, practice, and advance a Ctrist-centered approach to stopping human trafficking, ending childhood hunger, and educating tomorrow's leaders.
Statement of faith
Donor confidence score
Transparency grade
D
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Community Development
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 333 of 1118 | 35 of 122 |
| Fund acquisition rating | | 971 of 1119 | 96 of 122 |
| Resource allocation rating | | 261 of 1119 | 31 of 122 |
| Asset utilization rating | | 83 of 1118 | 9 of 122 |
Financial ratios
| Funding ratios | Sector median | 2023 | 2022 | 2021 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 8% | 15% | 13% | 11% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 5% | 10% | 11% | 9% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 93% | 66% | 85% | 83% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 6% | 10% | 10% | 12% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 7% | 34% | 15% | 17% |
| Operating ratios | Sector median | 2023 | 2022 | 2021 |
Program expense ratio Program expense ratio = Program services / Total expenses | 82% | 87% | 82% | 82% |
Spending ratio Spending ratio = Total expenses / Total revenue | 98% | 107% | 103% | 78% |
Program output ratio Program output ratio = Program services / Total revenue | 81% | 93% | 84% | 64% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 2% | -7% | -3% | 22% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 2% | -401% | -22% | 126% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 11% | 3% | 8% | 6% |
| Investing ratios | Sector median | 2023 | 2022 | 2021 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.88 | 1.96 | 2.46 | 1.61 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.76 | 3.42 | 1.11 | 1.07 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.77 | 6.69 | 2.72 | 1.72 |
| Liquidity ratios | Sector median | 2023 | 2022 | 2021 |
Current ratio Current ratio = Total current assets / Total current liabilities | 15.15 | 3.43 | 5.32 | 5.87 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.07 | 0.29 | 0.19 | 0.17 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 5.99 | 1.27 | 3.58 | 5.78 |
| Solvency ratios | Sector median | 2023 | 2022 | 2021 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 10% | 97% | 68% | 64% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 26% | 52% | 48% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 98% | 2% | 13% | 23% |
Financials
| Balance sheet | |||
| Assets | 2023 | 2022 | 2021 |
| Cash | $570,774 | $1,281,227 | $1,537,255 |
| Receivables, inventories, prepaids | $189,031 | $259,318 | $148,106 |
| Short-term investments | $251,644 | $0 | $0 |
| Other current assets | $0 | $0 | $0 |
| Total current assets | $1,011,449 | $1,540,545 | $1,685,361 |
| Long-term investments | $0 | $0 | $0 |
| Fixed assets | $374,450 | $168,353 | $121,904 |
| Other long-term assets | $2,071,076 | $0 | $0 |
| Total long-term assets | $2,445,526 | $168,353 | $121,904 |
| Total assets | $3,456,975 | $1,708,898 | $1,807,265 |
| Liabilities | 2023 | 2022 | 2021 |
| Payables and accrued expenses | $294,943 | $289,343 | $287,019 |
| Other current liabilities | $0 | $0 | $0 |
| Total current liabilities | $294,943 | $289,343 | $287,019 |
| Debt | $898,844 | $880,779 | $863,077 |
| Due to (from) affiliates | $0 | $0 | $0 |
| Other long-term liabilities | $2,155,753 | $0 | $0 |
| Total long-term liabilities | $3,054,597 | $880,779 | $863,077 |
| Total liabilities | $3,349,540 | $1,170,122 | $1,150,096 |
| Net assets | 2023 | 2022 | 2021 |
| Without donor restrictions | ($296,234) | ($28,597) | $137,830 |
| With donor restrictions | $403,669 | $567,373 | $519,339 |
| Net assets | $107,435 | $538,776 | $657,169 |
| Revenues and expenses | |||
| Revenue | 2023 | 2022 | 2021 |
| Total contributions | $4,192,014 | $3,485,767 | $3,105,401 |
| Program service revenue | $2,174,239 | $10,960 | $57,302 |
| Membership dues | $0 | $0 | $0 |
| Investment income | $11,765 | ($493) | $54 |
| Other revenue | ($38,934) | $581,831 | $568,419 |
| Total other revenue | $2,147,070 | $592,298 | $625,775 |
| Total revenue | $6,339,084 | $4,078,065 | $3,731,176 |
| Expenses | 2023 | 2022 | 2021 |
| Program services | $5,902,445 | $3,423,147 | $2,392,301 |
| Management and general | $220,562 | $334,968 | $162,846 |
| Fundraising | $647,418 | $438,343 | $345,960 |
| Total expenses | $6,770,425 | $4,196,458 | $2,901,107 |
| Change in net assets | 2023 | 2022 | 2021 |
| Surplus (deficit) | ($431,341) | ($118,393) | $830,069 |
| Other changes in net assets | $0 | $0 | $0 |
| Total change in net assets | ($431,341) | ($118,393) | $830,069 |
Compensation
| Name | Title | Compensation |
| Brian Steele | CEO/Executive Director | $136,695 |
| Kim Smith | CFO | $93,844 |
Compensation data as of: 6/30/2023
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 8/7/2024. To update the information below, please email: [email protected]
History
The Dream Center Network was founded by Tommy Barnett in 1994 with the first Dream Center in Los Angeles.
We had one single mission - to Find A Need And Fill It, To Find A Hurt And Heal It.
Since 1994, the Dream Center Network has been finding needs and filling them all over the world with over 300 Dream Centers healing hurts in communities around the globe.
In 2002 we began to Dream Big for the people of Phoenix and we started to build the Phoenix Dream Center.
We started with community-based outreach dedicated to ending childhood hunger among at-risk youth and homeless families. We started with just a few bags of groceries each week, and today deliver over 14,000 meals each week to help end childhood hunger.
This led to our recognizing the terrible role that addiction plays among many struggling individuals and the homeless. Our fight against drug addiction led to us building life recovery programs for people who were struggling with addiction. Today, our life recovery program helps over 1,000 individuals each year as they build a meaningful and sober life through their Christian faith.
Through this work, we became aware of the terrible tragedy of sex trafficking happening right here in Phoenix. Working closely with law enforcement and the faith community we began to do everything we could to stop human trafficking. This work led us to build what today is the nation's largest human trafficking recovery program for young adults which helps over 100 survivors each year with full-service residential behavioral health care each year.
We found through this work that many trafficking survivors came out of the foster care system. We began to build programs in residential homes to help foster care age-out youth and we began to work with families to prevent children from needing to be removed from homes. This work became one of the largest residential and case management efforts in the state serving over 1,000 families, individuals, and children in the foster care system each year.
The work of the Phoenix Dream Center is financially supported primarily by individual donors from our community. In 2018 we achieved the milestone of ensuring that 100% of all individual financial donations go directly to programs and none of it goes to administrative overhead. We're so thankful to the private foundation and to the business community who helped us build our Social Enterprises Programs that enabled us to do that.
The only thing we are missing now is you!
Every time a donor gives a gift, more people get the help they need.
Every time a volunteer completes a project, the Dream expands.
Every time a supporter gives some supplies, the Vision continues.
Let's do this together - let's Find Needs and Fill Them, Find Hurts And Heal Them.
Program accomplishments
Needs
For a list of needs, see https://phoenixdreamcenter.org/needs/