{"id":19,"date":"2023-03-14T22:38:59","date_gmt":"2023-03-14T22:38:59","guid":{"rendered":"https:\/\/www.dreamfoundation.org\/annual-report-2022\/?page_id=19"},"modified":"2024-06-26T20:41:07","modified_gmt":"2024-06-26T20:41:07","slug":"financials","status":"publish","type":"page","link":"https:\/\/www.dreamfoundation.org\/annual-report-2023\/financials\/","title":{"rendered":"Financials"},"content":{"rendered":"

Financials<\/h1>\n
\n

Statement of financial position for the year ending December 31, 2023<\/strong><\/h3>\n

(with comparative totals for year ending December 2022)<\/strong><\/p>\n<\/div>\n

\n
\n
\n
\n

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

2023<\/h4>\n<\/p><\/div>\n
\n

2022<\/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
$444,488<\/div>\n
$425,363<\/div>\n<\/p><\/div>\n
\n
\n
Other receivable<\/div>\n<\/div>\n
–<\/div>\n
$913<\/div>\n<\/p><\/div>\n
\n
\n
Pledges and grants receivable<\/div>\n<\/div>\n
$30,000<\/div>\n
$55,000<\/div>\n<\/p><\/div>\n
\n
\n
Prepaid expenses and deposits<\/div>\n<\/div>\n
$930<\/div>\n
$4,430<\/div>\n<\/p><\/div>\n
\n
\n
\n

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

$475,418<\/h4>\n<\/div>\n
\n

$485,706<\/h4>\n<\/div><\/div>\n
\n
\n
INVESTMENTS<\/h5>\n<\/div>\n
$1,089,890<\/div>\n
–<\/div>\n<\/p><\/div>\n
\n
\n
PROPERTY AND EQUIPMENT<\/h5>\n<\/div><\/div>\n
\n
\n
Furniture<\/div>\n<\/div>\n
$147,462<\/div>\n
$147,462<\/div>\n<\/p><\/div>\n
\n
\n
Equipment<\/div>\n<\/div>\n
$45,403<\/div>\n
$44,105<\/div>\n<\/p><\/div>\n
\n
\n
Vehicle<\/div>\n<\/div>\n
$47,588<\/div>\n
$47,588<\/div>\n<\/p><\/div>\n
\n
\n
Less: Accumulated Depreciation<\/div>\n<\/div>\n
($231,165)<\/div>\n
($226,730)<\/div>\n<\/p><\/div>\n
\n
Net Property and Equipment<\/div>\n<\/div>\n
$9,288<\/div>\n
$12,425<\/div>\n<\/p><\/div>\n
\n
\n
OTHER ASSETS<\/h5>\n<\/div><\/div>\n
\n
\n
Donated Airline Mileage<\/div>\n<\/div>\n
$205,541<\/div>\n
$260,773<\/div>\n<\/p><\/div>\n
\n
\n
Due from other funds<\/div>\n<\/div>\n
$442,192<\/div>\n
$442,197<\/div>\n<\/p><\/div>\n
\n
\n
Total Other Assets<\/div>\n<\/div>\n
$647,738<\/div>\n
$702,970<\/div>\n<\/p><\/div>\n
\n
\n

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

$2,222,334<\/h4>\n<\/div>\n
\n

$1,201,101<\/h4>\n<\/div><\/div>\n
\n
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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
$124,224<\/div>\n
$100,156<\/div>\n<\/p><\/div>\n
\n
\n
Note payable, current<\/div>\n<\/div>\n
$33,000<\/div>\n
$33,000<\/div>\n<\/p><\/div>\n
\n
\n
Total Current Liabilities<\/div>\n<\/div>\n
$157,224<\/div>\n
$133,156<\/div>\n<\/p><\/div>\n
\n
\n
OTHER LIABILITIES<\/h5>\n<\/div><\/div>\n
\n
\n
Note payable<\/div>\n<\/div>\n
$33,000<\/div>\n
$101,854<\/div>\n<\/p><\/div>\n
\n
\n
Due to other funds<\/div>\n<\/div>\n
$442,197<\/div>\n
$442,197<\/div>\n<\/p><\/div>\n
\n
\n
Total Other Liabilities<\/div>\n<\/div>\n
$475,197<\/div>\n
$544,051<\/div>\n<\/p><\/div>\n
\n
\n
\n

Total Liabilities<\/h4>\n<\/div>\n<\/div>\n
\n

$632,421<\/h4>\n<\/div>\n
\n

$677,207<\/h4>\n<\/div><\/div>\n
\n
\n
NET ASSETS<\/h5>\n<\/div>\n
\n
Unrestricted<\/div>\n<\/div>\n
\n
Operating profit (deficit)<\/span><\/div>\n<\/div>\n
($382,003)<\/div>\n
($300,728)<\/div>\n<\/p><\/div>\n
\n
\n
Property and equipment, net<\/span><\/div>\n<\/div>\n
$9,288 <\/div>\n
$12,425<\/div>\n<\/p><\/div>\n
\n
\n
Total Unrestricted<\/span><\/div>\n<\/div>\n
($372,715)<\/div>\n
($288,303)<\/div>\n<\/p><\/div>\n
\n
\n
Restricted<\/span><\/div>\n<\/div>\n
$1,962,628<\/div>\n
$812,197<\/div>\n<\/p><\/div>\n
\n
\n
\n

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

$1,589,913<\/h4>\n<\/div>\n
\n

$523,894<\/h4>\n<\/div><\/div>\n
\n
\n

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

$2,222,334<\/h4>\n<\/div>\n
\n

<\/h4>\n

$1,201,101<\/h4>\n<\/div><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n
\n

Ordinary Income\/Expense<\/h3>\n