FRIENDS OF DREAM BIG FOUNDATION INC

EIN: 853062906 501(c)(3) Community Improvement

BALTIMORE, MD

Total Revenue
$550,000
Total Expenses
$535,025
Total Assets
$5,035
Net Assets
$5,035
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
MD
Principal Officer
SETH MOORE
Phone
7035823954
Tax Period
2023-07-01 to 2024-06-30

FRIENDS OF DREAM BIG FOUNDATION INC, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $550K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year.

Mission

TO DEAL WITH THE UNDERLYING CAUSE OF ISSUES AFFECTING HUB ZONE COMMUNITIES IN THE STATE OF MARYLAND. WE SEE EQUAL VALUE IN ALL LIVES AND WE ARE DEDICATED TO IMPROVING THE QUALITY OF LIFE FOR INDIVIDUALS AROUND THE STATE OF MARYLAND. WE BELIEVE THAT ALL SHOULD HAVE AN OPPORTUNITY TO LIVE IN AND HAVE A SUPPORTIVE FAMILY STRUCTURE AND GET A QUALITY EDUCATION. OUR GOAL IS TO STRENGTHEN AND IMPROVE THE QUALITY OF LIFE FOR PEOPLE IN LOW-INCOME COMMUNITIES. FROM POVERTY TO HEALTH, TO EDUCATION, OUR AREAS OF FOCUS OFFER THE OPPORTUNITY TO DRAMATICALLY IMPROVE THE QUALITY OF LIFE FOR THOUSANDS OF PEOPLE. WE BEGIN BY BUILDING PARTNERSHIPS THAT BRING TOGETHER RESOURCES, EXPERTISE, AND VISION TO HELP IMPROVE AND MAKE AN IMPACT IN OUR LOW-INCOME COMMUNITIES. WE WORK WITH THE BEST ORGANIZATIONS AROUND THE STATE OF MARYLAND TO IDENTIFY THE ISSUES, FIND ANSWERS, AND DRIVE CHANGE.

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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 $550,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $550,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $527,740
Other Expenses $535,025
TOTAL EXPENSES $535,025

Year-over-Year Comparison

2023 2022 Change
Revenue $550,000 $611,775 -0.1%
Expenses $535,025 $792,075 -0.3%
Net Income $14,975 $-180,300 -1.1%
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

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

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
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SETH MOORE CHAIRMAN 2.00
Officer
$0 $0 $0
RICKY LEVINE BOARD MEMBER 2.00
Officer
$0 $0 $0
STEPHEN W SHAW BOARD MEMBER 2.00
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
2025 No data No data No data No data
2024 $550,000 $535,025 $5,035 $14,975
2023 $611,775 $792,075 $10,060 $-180,300
2022 $740,000 $913,390 $192,036 $-173,390
2021 $530,000 $186,489 $433,165 $343,511
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