{"id":659,"date":"2020-04-14T17:00:38","date_gmt":"2020-04-14T17:00:38","guid":{"rendered":"https:\/\/www.dreamfoundation.org\/annual-report-2019\/?page_id=659"},"modified":"2022-07-21T16:23:08","modified_gmt":"2022-07-21T16:23:08","slug":"financials","status":"publish","type":"page","link":"https:\/\/www.dreamfoundation.org\/annual-report-2021\/financials\/","title":{"rendered":"Financials"},"content":{"rendered":"

Financials<\/strong><\/h3>\n

Statement of Financial Position for the Year Ending December 31, 2021<\/strong><\/h4>\n
(With comparative totals for year ending December 2020)<\/h6>\n
\n
\n
\n
\n

ASSETS<\/h4>\n<\/p><\/div>\n
\n

2021<\/h4>\n<\/p><\/div>\n
\n

2020<\/h4>\n<\/p><\/div>\n<\/p><\/div>\n
\n
\n
CURRENT ASSETS<\/h5>\n<\/div>\n
\n
\n
\n
Cash and cash equivalents<\/div>\n<\/div>\n
$577,539<\/div>\n
$669,540<\/div>\n<\/p><\/div>\n
\n
\n
Other receivable<\/div>\n<\/div>\n
$242,953<\/div>\n
–<\/div>\n<\/p><\/div>\n
\n
\n
Pledges and grants receivable<\/div>\n<\/div>\n
81,000<\/div>\n
50,000<\/div>\n<\/p><\/div>\n
\n
\n
Prepaid expenses and deposits<\/div>\n<\/div>\n
5,930<\/div>\n
5,930<\/div>\n<\/p><\/div>\n
\n
\n
\n

Total Current Assets<\/h4>\n<\/div>\n<\/div>\n
\n

$907,422<\/h4>\n<\/div>\n
\n

$725,470<\/h4>\n<\/div><\/div>\n
\n
\n
INVESTMENTS<\/h5>\n<\/div>\n
–<\/div>\n
–<\/div>\n<\/p><\/div>\n
\n
\n
PROPERTY AND EQUIPMENT<\/h5>\n<\/div><\/div>\n
\n
\n
Net Property and Equipment<\/div>\n<\/div>\n
15,341<\/div>\n
21,884<\/div>\n<\/p><\/div>\n
\n
\n
OTHER ASSETS<\/h5>\n<\/div><\/div>\n
\n
\n
Total Other Assets<\/div>\n<\/div>\n
771,517<\/div>\n
795,809<\/div>\n<\/p><\/div>\n
\n
\n

TOTAL ASSETS <\/h4>\n<\/div>\n
\n

$1,694,280<\/h4>\n<\/div>\n
\n

$1,543,163<\/h4>\n<\/div><\/div>\n
\n
\n

LIABILITIES AND NET ASSETS<\/h4>\n<\/div>\n
\n
CURRENT LIABILITIES<\/h5>\n<\/div><\/div>\n
\n
\n
Accounts payable and accrued liabilities<\/div>\n<\/div>\n
$265,989<\/div>\n
$305,865<\/div>\n<\/p><\/div>\n
\n
\n
NET ASSETS<\/h5>\n<\/div>\n
\n
Unrestricted<\/div>\n<\/div>\n
\n
Undesignated<\/span><\/div>\n<\/div>\n
(51,103)<\/div>\n
(359,040)<\/div>\n<\/p><\/div>\n
\n
\n
Donor restricted<\/span><\/div>\n<\/div>\n
1,037,197 <\/div>\n
1,154,141<\/div>\n<\/p><\/div>\n
\n
\n
Total Unrestricted<\/span><\/div>\n<\/div>\n
(51,103)<\/div>\n
(359,040)<\/div>\n<\/p><\/div>\n
\n
\n
\n

Total Net Assets<\/h4>\n<\/div>\n<\/div>\n
\n

$986,094<\/h4>\n<\/div>\n
\n

$795,101<\/h4>\n<\/div><\/div>\n
\n
\n

TOTAL LIABILITIES AND NET ASSETS<\/h4>\n<\/div>\n
\n

$1,694,280<\/h4>\n<\/div>\n
\n

<\/h4>\n

$1,543,163<\/h4>\n<\/div><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n

Revenue, Gains & Other Support<\/h4>\n
\n
    \n
  • \u2b24 DONATIONS & GRANTS – GENERAL 31%<\/li>\n
  • \u2b24 DONATIONS & GRANTS – CORPORATE 31%<\/li>\n
  • \u2b24 NON-CASH CONTRIBUTIONS (IN-KIND) 26%<\/li>\n
  • \u2b24 SPECIAL EVENTS 12%<\/li>\n<\/ul>\n<\/div>\n

    Program Expenditures<\/h4>\n
    \n
      \n
    • ⬤ PROGRAM SERVICES 81%<\/Li>
      \n
    • ⬤ MANAGEMENT & GENERAL 9%<\/Li>
      \n
    • ⬤ FUNDRAISING 10%<\/Li><\/p>\n
    • <\/li>\n<\/ul>\n<\/div>\n
      \n