GARDEN OF DREAMS FOUNDATION

EIN: 133979726 501(c)(3) Philanthropy & Grantmaking

NEW YORK, NY

Total Revenue
$10,373,005
Total Expenses
$8,565,298
Total Assets
$6,302,573
Net Assets
$5,294,611
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
NY
Principal Officer
BARRY WATKINS
Phone
2124654170
Tax Period
2023-09-01 to 2024-08-31

GARDEN OF DREAMS FOUNDATION, founded in 1997, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $10.4M in total revenue in fiscal year 2023. Revenue surged 74% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.8M, a strong 17% operating margin.

Mission

The Garden of Dreams Foundation helps young people facing illness, financial challenges, or the death of a family member in uniform experience (continued on schedule o)

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $10,185,623
Program Service Revenue $0
Investment Income $187,382
Other Revenue $0
TOTAL REVENUE $10,373,005

Expense Breakdown

Grants Paid $6,883,486
Salaries & Benefits $0
Fundraising Expenses $310,411
Program Expenses $8,158,103
Other Expenses $1,681,812
TOTAL EXPENSES $8,565,298

Year-over-Year Comparison

2023 2022 Change
Revenue $10,373,005 $5,971,126 +0.7%
Expenses $8,565,298 $6,296,809 +0.4%
Net Income $1,807,707 $-325,683 -6.6%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
23
Independent Members
23
Employees
N/A
Volunteers
35

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$0
Total Directors
29
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARRY WATKINS CHAIRMAN 1.0
Officer Director
$0 $0 $0
JOEL FISHER CO-VICE CHAIRPERSON 0.75
Officer Director
$0 $0 $0
GARY FUHRMAN CO-VICE CHAIRPERSON 0.2
Officer Director
$0 $0 $0
DAVID VINIAR CO-VICE CHAIRPERSON 0.2
Officer Director
$0 $0 $0
RICH CONSTABLE CO-VICE CHAIRPERSON 1.0
Officer Director
$0 $0 $0
VICTORIA MINK TREASURER 0.5
Officer Director
$0 $0 $0
RICH CLAFFEY DIRECTOR (thru 3/2024) 0.2
Director
$0 $0 $0
MARY PAT CLARKE DIRECTOR 1.0
Director
$0 $0 $0
CRISTINA DOLAN DIRECTOR (AS OF 11/2023) 0.2
Director
$0 $0 $0
SUJIN DOLAN DIRECTOR (AS OF 11/2023) 0.2
Director
$0 $0 $0
WHOOPI GOLDBERG DIRECTOR 0.2
Director
$0 $0 $0
NEIL GOLDMACHER DIRECTOR 0.2
Director
$0 $0 $0
ADAM GRAVES DIRECTOR 0.2
Director
$0 $0 $0
ANDREA GREENBERG DIRECTOR 0.2
Director
$0 $0 $0
DAVID HOPKINSON DIRECTOR (THRU 4/2024) 0.2
Director
$0 $0 $0
JACK IRULSHAMI Director (thru 4/2024) 0.2
Director
$0 $0 $0
SANDY KAPELL Director (thru 11/2023) 0.2
Director
$0 $0 $0
BRAD KARP DIRECTOR 0.2
Director
$0 $0 $0
ERIC LANE Director (thru 4/2024) 0.2
Director
$0 $0 $0
JAMAAL LESANE DIRECTOR 0.2
Director
$0 $0 $0
TARA LIPTON DIRECTOR 0.2
Director
$0 $0 $0
HOWARD LORBER Director (thru 4/2024) 0.2
Director
$0 $0 $0
JILL MARTIN DIRECTOR 0.2
Director
$0 $0 $0
RANDY MASTRO DIRECTOR 0.2
Director
$0 $0 $0
DARRYL MCDANIELS DIRECTOR 0.5
Director
$0 $0 $0
MATTHEW MODINE DIRECTOR 0.2
Director
$0 $0 $0
DREW NIEPORENT DIRECTOR 0.2
Director
$0 $0 $0
JOHN STARKS DIRECTOR 0.2
Director
$0 $0 $0
JUSTIN TUCK DIRECTOR 0.2
Director
$0 $0 $0
DEBRA SHUWAGER SECRETARY 1.0
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $10,373,005 $8,565,298 $6,302,573 $1,807,707
2023 $5,971,126 $6,296,809 $4,016,825 $-325,683
2022 $4,697,201 $4,065,203 $4,078,760 $631,998
2021 $1,261,659 $1,122,854 $3,221,064 $138,805
2020 $4,893,422 $7,946,176 $3,597,322 $-3,052,754
2019 $8,531,149 $7,064,500 $6,624,806 $1,466,649
2018 $7,305,001 $7,665,242 $5,125,487 $-360,241
2018 $7,305,001 $7,664,242 $5,125,487 $-359,241
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