{"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":"2025-11-21T19:11:36","modified_gmt":"2025-11-21T19:11:36","slug":"financials","status":"publish","type":"page","link":"https:\/\/www.dreamfoundation.org\/annual-report-2024\/financials\/","title":{"rendered":"Financials"},"content":{"rendered":"

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Financials<\/h1>\n<\/h1>\n
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Statement of financial position for the year ending December 31, 2024<\/strong><\/h3>\n

(with comparative totals for year ending December 2023)<\/strong><\/p>\n<\/div>\n

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\n
\n
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ASSETS<\/h4>\n<\/p><\/div>\n
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2024<\/h4>\n<\/p><\/div>\n
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2023<\/h4>\n<\/p><\/div>\n<\/p><\/div>\n
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CURRENT ASSETS<\/h5>\n<\/div>\n
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\n
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Cash and cash equivalents<\/div>\n<\/div>\n
$117,575<\/div>\n
$444,488<\/div>\n<\/p><\/div>\n
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Other receivable<\/div>\n<\/div>\n
–<\/div>\n
–<\/div>\n<\/p><\/div>\n
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Pledges and grants receivable<\/div>\n<\/div>\n
–<\/div>\n
$30,000<\/div>\n<\/p><\/div>\n
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Prepaid expenses and deposits<\/div>\n<\/div>\n
$18,179<\/div>\n
$930<\/div>\n<\/p><\/div>\n
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Total Current Assets<\/h4>\n<\/div>\n<\/div>\n
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$135,754<\/h4>\n<\/div>\n
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$475,418<\/h4>\n<\/div><\/div>\n
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INVESTMENTS<\/h5>\n<\/div>\n
$1,140,343<\/div>\n
$1,089,890<\/div>\n<\/p><\/div>\n
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PROPERTY AND EQUIPMENT<\/h5>\n<\/div><\/div>\n
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Furniture<\/div>\n<\/div>\n
$147,445<\/div>\n
$147,462<\/div>\n<\/p><\/div>\n
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Equipment<\/div>\n<\/div>\n
$45,420<\/div>\n
$45,403<\/div>\n<\/p><\/div>\n
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Vehicle<\/div>\n<\/div>\n
$47,588<\/div>\n
$47,588<\/div>\n<\/p><\/div>\n
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Less: Accumulated Depreciation<\/div>\n<\/div>\n
($235,523)<\/div>\n
($231,165)<\/div>\n<\/p><\/div>\n
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Net Property and Equipment<\/div>\n<\/div>\n
$4,930<\/div>\n
$9,288<\/div>\n<\/p><\/div>\n
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OTHER ASSETS<\/h5>\n<\/div><\/div>\n
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Donated Airline Mileage<\/div>\n<\/div>\n
$234,824<\/div>\n
$205,541<\/div>\n<\/p><\/div>\n
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Due from other funds<\/div>\n<\/div>\n
$442,197<\/div>\n
$442,192<\/div>\n<\/p><\/div>\n
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Total Other Assets<\/div>\n<\/div>\n
$677,021<\/div>\n
$647,738<\/div>\n<\/p><\/div>\n
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TOTAL ASSETS <\/h4>\n<\/div>\n
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$1,958,048<\/h4>\n<\/div>\n
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$2,222,334<\/h4>\n<\/div><\/div>\n
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LIABILITIES AND NET ASSETS<\/h4>\n<\/div>\n
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CURRENT LIABILITIES<\/h5>\n<\/div><\/div>\n
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Accounts payable and accrued liabilities<\/div>\n<\/div>\n
$77,004<\/div>\n
$124,224<\/div>\n<\/p><\/div>\n
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Note payable, current<\/div>\n<\/div>\n
$33,000<\/div>\n
$33,000<\/div>\n<\/p><\/div>\n
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Total Current Liabilities<\/div>\n<\/div>\n
$110,004<\/div>\n
$157,224<\/div>\n<\/p><\/div>\n
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OTHER LIABILITIES<\/h5>\n<\/div><\/div>\n
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Note payable<\/div>\n<\/div>\n
–<\/div>\n
$33,000<\/div>\n<\/p><\/div>\n
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Due to other funds<\/div>\n<\/div>\n
$442,197<\/div>\n
$442,197<\/div>\n<\/p><\/div>\n
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Total Other Liabilities<\/div>\n<\/div>\n
$442,197<\/div>\n
$475,197<\/div>\n<\/p><\/div>\n
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Total Liabilities<\/h4>\n<\/div>\n<\/div>\n
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$552,201<\/h4>\n<\/div>\n
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$632,421<\/h4>\n<\/div><\/div>\n
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NET ASSETS<\/h5>\n<\/div>\n
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Unrestricted<\/div>\n<\/div>\n
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Operating profit (deficit)<\/span><\/div>\n<\/div>\n
($181,623)<\/div>\n
($382,003)<\/div>\n<\/p><\/div>\n
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Property and equipment, net<\/span><\/div>\n<\/div>\n
$4,930<\/div>\n
$9,288<\/div>\n<\/p><\/div>\n
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Total Unrestricted<\/span><\/div>\n<\/div>\n
($176,693)<\/div>\n
($372,715)<\/div>\n<\/p><\/div>\n
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Restricted<\/span><\/div>\n<\/div>\n
$1,582,540<\/div>\n
$1,962,628<\/div>\n<\/p><\/div>\n
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Total Net Assets<\/h4>\n<\/div>\n<\/div>\n
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$1,405,847<\/h4>\n<\/div>\n
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$1,589,913<\/h4>\n<\/div><\/div>\n
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TOTAL LIABILITIES AND NET ASSETS<\/h4>\n<\/div>\n
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$1,958,048<\/h4>\n<\/div>\n
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<\/h4>\n

$2,222,334<\/h4>\n<\/div><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n
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Ordinary Income\/Expense<\/h3>\n