BELIEVE IN DREAMS

EIN: 471382653 501(c)(3) Philanthropy & Grantmaking

BEACHWOOD, OH

Total Revenue
$489,896
Total Expenses
$589,759
Total Assets
$97,661
Net Assets
$63,847
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
OH
Principal Officer
ROB PLATT
Phone
4404842376
Tax Period
2024-01-01 to 2024-12-31

BELIEVE IN DREAMS, founded in 2014, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $490K in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $590K exceeded revenue, resulting in a 20% operating deficit.

Mission

BELIEVE IN DREAMS MISSION IS TO FULFILL DREAMS OF ECONOMICALLY DISADVANTAGED YOUTH WHO HAVE SURVIVED NON-MEDICAL TRAUMA BY PROVIDING ACCESS TO ENRICHING OPPORTUNITIES, CONNECTION TO COMMUNITY AND HOPE FOR THE FUTURE. WE PROVIDE ACCESS TO POSITIVE LIFE EXPERIENCES THROUGH A CUSTOMIZED DREAM GRANTED. CHILDREN ARE NOMINATED BY PROFESSIONAL ADULTS (COUNSELORS, SOCIAL WORKERS, TEACHERS, COACHES, ETC.) THAT THEY WORK WITH WHO OBSERVE RESILIENCE AND POSITIVE QUALITIES IN THEM. EXAMPLES OF DREAM EXPERIENCES HAVE INCLUDED ENROLLMENT IN LESSONS OR CLASSES, ATTENDING EVENTS OR ACTIVITIES FOR THE FIRST TIME, MEETING OR SHADOWING SOMEONE WHO INSPIRES THEM, COVERAGE OF COSTS FOR ACTIVITIES OR EXPERIENCES PREVIOUSLY NOT POSSIBLE, OR PROVIDING MATERIAL ITEMS THAT REMOVE BARRIERS FROM REACHING A LIFE GOAL. BELIEVE IN DREAMS EMPOWERS CHILDREN TO BELIEVE IN THEMSELVES, THEIR DREAMS AND THEIR FUTURES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $358,135
Program Service Revenue $0
Investment Income $129
Other Revenue $131,632
TOTAL REVENUE $489,896

Expense Breakdown

Grants Paid $196,562
Salaries & Benefits $315,772
Fundraising Expenses $51,733
Program Expenses $482,114
Other Expenses $77,425
TOTAL EXPENSES $589,759

Year-over-Year Comparison

2024 2023 Change
Revenue $489,896 $639,467 -0.2%
Expenses $589,759 $564,613 +0.0%
Net Income $-99,863 $74,854 -2.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
9
Volunteers
50

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
3
$53,623
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN R DIJULIUS III DIRECTOR 1.00
Director
$0 $0 $0
ERIN E LEEBOW ESQ BOARD CO-CHAIR 1.00
Officer Director
$0 $0 $0
HARVEY SIEGEL DIRECTOR 1.00
Director
$0 $0 $0
CAMILLE HO-A-LIM DIRECTOR 1.00
Director
$0 $0 $0
EGON SINGERMAN ESQ BOARD CO-CHAIR 1.00
Officer Director
$0 $0 $0
JEFF KAVLICK DIRECTOR 1.00
Director
$0 $0 $0
ROB PLATT DIRECTOR 1.00
Director
$0 $0 $0
LESA EVANS DIRECTOR 1.00
Director
$0 $0 $0
JESSICA PISCHEL DIRECTOR 1.00
Director
$0 $0 $0
TANI MALHOTRA DIRECTOR 1.00
Director
$0 $0 $0
GREG ROCHE DIRECTOR 1.00
Director
$0 $0 $0
MANDIE KIJINSKI DIRECTOR 1.00
Director
$0 $0 $0
KATIE EICHENAUER EXECUTIVE DIRECTOR 45.00
Officer
$53,623 $0 $53,623
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 $489,896 $589,759 $97,661 $-99,863
2023 $639,467 $564,613 $179,637 $74,854
2022 $519,693 $531,692 $96,729 $-11,999
2021 $452,298 $447,709 $119,873 $4,589
2020 $293,368 $382,929 $121,782 $-89,561
2019 $346,764 $328,262 $202,643 $18,502
2018 $311,431 $255,897 $175,739 $55,534
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