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Dreams for Kids, Inc.

 

Chicago, IL

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Legitimacy Information

  • This organization is registered with the IRS.
  • This organization is required to file an IRS Form 990 or 990-EZ.

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Forms 990 from IRS Additional Information IRS Form 990 is an annual document used by approximately one-third of all public charities to report information about their finances and operations to the federal government. GuideStar uses data from Form 990 to populate its database with financial information about nonprofit organizations. Posting Form 990 images on the GuideStar Web site is an ongoing process.

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Annual Revenue & Expenses Additional Information Financial information on GuideStar is either digitized from Form 990 images we receive from the IRS or submitted by the nonprofits themselves through the GuideStar Exchange (990 filers cannot override Form 990 financial data). If your organization does not file a Form 990, 990-EZ, or 990-PF and you would like to have your financial data displayed in this section, join the GuideStar Exchange today!

Fiscal Year Starting: Jan 1, 2011
Fiscal Year Ending: Dec 31, 2011
Revenue
Total Revenue $749,560
Expenses
Total Expenses $756,625

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Financial data from Forms 990 for Year 2011, 2010, 2009, 2008, 2007 are included in the GuideStar Premium Report. Upgrade Now Report Added To Cart

Financial SCAN

Financial SCAN

Key Financial SCAN Features

  • Financial Health Dashboard: Highlights key financial trends and ratios for a selected nonprofit organization over a period of up to five years.
  • Peer Comparison Dashboard: Compares the organization's financials with up to five peer nonprofits that you select.
  • Graphical Analysis: Provides multi-year graphs and an interpretive guide in a format ready to present to your clients.
  • Printable PDF Report: Provides a complete analysis of the organization for your records. The full report tells you what to look for and why it matters.
  • Advanced Search: Allows you to search by EIN (Employer Identification Number), organization name, city, state, revenue, expenses, and assets.




GuideStar Exchange Member

This organization is a Silver-level GuideStar Exchange participant, demonstrating its commitment to transparency.

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Basic Organization Information

Dreams for Kids, Inc.

Physical Address:
Chicago, IL 60601 
EIN:
36-3781104
Web URL:
www.DreamsForKids.org 
NTEE Category:
O Youth Development 
O51 Youth Community Service Clubs 
R Civil Rights, Social Action, Advocacy 
R01 Alliance/Advocacy Organizations 
P Human Services 
P20 Human Service Organizations 
Year Founded:
1989 
Ruling Year:
1993 
How This Organization Is Funded:
Chicago Blackhawk Charities - $125,000
Jeff Lawless Foundation - $12,000
Chicago Childrens Charities - $8,000

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Mission Statement

Dreams for Kids replaces charity with with opportunity for at-risk youth who learn career and life skills as they build social enterprises that impact their local community and the world.

Expert Assessment

There are no Expert Reviews for this organization. Learn more about TakeAction@GuideStar.

Impact Summary from the Nonprofit

Dreams for Kids empowers the most isolated kids in every community by providing them opportunity over charity. In an award winning, social entrepreneurship based, after school program which provides double social impact, youth learn business and life skills while building social enterprises which impact individuals and communities. In 2012 the Chicago International Charter Schools accepted our curriculum to teach all of its 8th graders and engage its student to assist them in enterprise building.

Personal Reviews

Financial SCAN

Financial SCAN

Key Financial SCAN Features

  • Financial Health Dashboard: Highlights key financial trends and ratios for a selected nonprofit organization over a period of up to five years.
  • Peer Comparison Dashboard: Compares the organization's financials with up to five peer nonprofits that you select.
  • Graphical Analysis: Provides multi-year graphs and an interpretive guide in a format ready to present to your clients.
  • Printable PDF Report: Provides a complete analysis of the organization for your records. The full report tells you what to look for and why it matters.
  • Advanced Search: Allows you to search by EIN (Employer Identification Number), organization name, city, state, revenue, expenses, and assets.

Financial Data

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Revenue and Expenses

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Revenue and Expense data from Forms 990 for 2011, 2010, 2009, 2008, 2007 are included in the GuideStar Premium Report. Upgrade Now Report Added To Cart


Balance Sheet

Balance Sheet data from Forms 990 for Year 2011, 2010, 2009, 2008, 2007 are included in the GuideStar Premium Report. Upgrade Now Report Added To Cart

Financial SCAN

Financial SCAN

Key Financial SCAN Features

  • Financial Health Dashboard: Highlights key financial trends and ratios for a selected nonprofit organization over a period of up to five years.
  • Peer Comparison Dashboard: Compares the organization's financials with up to five peer nonprofits that you select.
  • Graphical Analysis: Provides multi-year graphs and an interpretive guide in a format ready to present to your clients.
  • Printable PDF Report: Provides a complete analysis of the organization for your records. The full report tells you what to look for and why it matters.
  • Advanced Search: Allows you to search by EIN (Employer Identification Number), organization name, city, state, revenue, expenses, and assets.


Forms 990 Provided by the Nonprofit

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Financial Statements

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Annual Reports

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Leadership

Mr. Tom Tuohy

Term:

Since Jan 2007

Profile:

Tom Tuohy is the founder and president of Dreams For Kids and author of the critically acclaimed book, Dreams For Kids, Changing the World…One Person at a Time. Tom attended DePaul University and graduated with honors with a Bachelors of Science degree. While attending DePaul Law School, Tom studied International Law at Cambridge University in England and returned to DePaul to receive his Juris Doctorate. He is a Kellogg School of Northwestern University Executive Scholar and a Stanford University GSB Fellow for Social Innovation.  Tom has been recognized by several organizations for his work on behalf of children and sits on several non profit boards. He speaks extensively to business organizations, labor unions, student groups and educators on the topics of social entrepreneurship and social enterprise, volunteerism and social activism, estate and legacy planning, nonprofit management, and youth empowerment

Leadership Statement:

I founded Dreams for Kids in 1989 as an opportunity to make difference. I was one of these kids. The son a single parent with four children, whose father disappeared when he was 8 years old, I could relate to what is missing in many children lives. I also realize we have all been there. We all have lost someone. It is from that moment when we felt most alone and completely isolated that we can relate to a child who feels that way every moment of their lives. And we can do something.   Dreams for Kids is a movement. It is a testament to every person who has discovered they have something to give. It is a movement which recognizes that we are all related.  This movement changes the lives of all who are involved, the kids as well as those who reach out to them.   The mission of this organization and this movement is to empower an entire generation by giving them a chance to grow up together. Beyond the walls and divisions of segregation and infused with the spirit of service, compassion, and understanding, the voices of the most isolated kids in the world will be heard, they will be united to their peers, and, together, they will create a sustainable world of peace.

Board Chair

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Board of Directors

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Officers for Fiscal Year

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Highest Paid Employees & Their Compensation

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Program: Extreme Recess

Budget:
$145,000
Category:
Recreation & Sports
Population Served:
Disabled, General or Disability Unspecified

Program Description:

For the first time in many of their lives, children with physical and/or developmental challenges are introduced to adventure activities such as water skiing, snow skiing, kayaking, rock climbing, hand cycling, horseback riding, scuba diving, camping as well as many more life changing opportunities.

Program Long-Term Success:

The beauty of the program is that the kids are so focused on having fun and working together to achieve a common goal, they don't see the differences, only the skills that each bring to make them a successful team! The program provides adapted equipment and expert instruction to ensure that each child achieves success which results in improved self-esteem, greater confidence and probably the biggest benefit of all is the development of more friendships.

Program Short-Term Success:

Program Success Monitored by:

Program Success Examples:

Program: Dream Leaders

Budget:
$175,000
Category:
Youth Development
Population Served:
Youth/Adolescents only (14 - 19 years)

Program Description:

Dreams for Kids is working with schools and youth organizations, in partnership with government and social agencies, to bring together young people of all abilities in small groups to reinforce the lessons learned from the classroom, build leadership skills, and to serve the local and world communities

Program Long-Term Success:

By serving children in their neighborhood who are isolated, and also reaching out to children in developing countries, Dream Leaders become active members of the community and true citizens of the world!

Program Short-Term Success:

Program Success Monitored by:

Program Success Examples:

Program: Holiday for Hope

Budget:
$50,000
Category:
Civil Rights, Social Action & Advocacy
Population Served:
Poor/Economically Disadvantaged, Indigent, General

Program Description:

Global holiday celebration of hope and engagement for homeless and underpriveleged children, held in over 30 countries each December.

Program Long-Term Success:

A worldwide collective day of generosity and hope for our children in the greatest need.

Program Short-Term Success:

Program Success Monitored by:

Program Success Examples:




Evidence of Impact

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Organizational Strengths

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Areas for Improvement

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From the Nonprofit

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Organization Data Available

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  • Financial Data for
  • Financial Charts for
  • Forms 990 for
  • Forms 990T for
  • Audited Financial Statement for
  • Annual Reports for
  • Letter of Determination
  • Form 1023 / 1024
  • Board Members
  • Officer, Director and/or Highest Paid Employee data for


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