KALEIDOSCOPE DREAMS FOUNDATION INC

EIN: 993707259 501(c)(3) Philanthropy & Grantmaking

NEW YORK, NY

Total Revenue
$415,843
Total Expenses
$142,579
Total Assets
$294,054
Net Assets
$273,264
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2024
Legal Domicile
DE
Principal Officer
ASAD ALI JAFRI
Phone
2129129770
Tax Period
2024-06-25 to 2024-12-31

KALEIDOSCOPE DREAMS FOUNDATION INC, founded in 2024, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $416K in total revenue in fiscal year 2024. The organization ran a surplus of $273K, a strong 66% operating margin.

Mission

KALEIDOSCOPE DREAMS FOUNDATION, INC. IS DEDICATED TO INCREASING ACCESS TO THE PERFORMING ARTS THROUGH FREE AND AFFORDABLE TICKET PROGRAMS, AS WELL AS OUTREACH INITIATIVES THAT FOSTER INCLUSIVE REPRESENTATION AND REDUCE BARRIERS FOR DIVERSE AUDIENCES.

Program Service Accomplishments

Program 1
Expenses: $72,861

CULTURAL ACCESS, WHICH PROVIDES FREE TICKETS TO BROADWAY SHOWS AND THEATER PRODUCTIONS FOR INDIVIDUALS FROM UNDERSERVED COMMUNITIES, AS WELL AS OTHER CULTURAL EXPERIENCES ACROSS THE ARTS.

Program 2
Expenses: $6,540

EDUCATIONAL ENRICHMENT THROUGH SCHOOL AND COMMUNITY-BASED CLASSES IN UNDERSERVED COMMUNITIES. THIS PROGRAM PARTNERS WITH SCHOOLS AND NON-PROFIT ARTS ORGANIZATIONS. IT INCLUDES SPECIALIZED CURRICULUM...

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EDUCATIONAL ENRICHMENT THROUGH SCHOOL AND COMMUNITY-BASED CLASSES IN UNDERSERVED COMMUNITIES. THIS PROGRAM PARTNERS WITH SCHOOLS AND NON-PROFIT ARTS ORGANIZATIONS. IT INCLUDES SPECIALIZED CURRICULUM AS WELL AS CLASSES TAUGHT BY TEACHING ARTISTS IN THE PERFORMING ARTS.

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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 $415,843
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $415,843

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,174
Fundraising Expenses $0
Program Expenses $79,401
Other Expenses $141,405
TOTAL EXPENSES $142,579

Year-over-Year Comparison

2024 2023 Change
Revenue $415,843 N/A N/A
Expenses $142,579 N/A N/A
Net Income $273,264 N/A N/A
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
9
Independent Members
9
Employees
3
Volunteers
9

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
5
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AARON LUSTBADER CO-VICE CHAIR 1.00
Officer Director
$0 $0 $0
ALICIA DEAN CHAIR 1.00
Officer Director
$0 $0 $0
COLE COOK BOARD MEMBER 1.00
Director
$0 $0 $0
DEEKSHA GAUR TREASURER 1.00
Officer Director
$0 $0 $0
DEVON MILLER BOARD MEMBER 1.00
Director
$0 $0 $0
JOE BENINCASA BOARD MEMBER 1.00
Director
$0 $0 $0
NICOLE JOHNSON CO-VICE CHAIR 1.00
Officer Director
$0 $0 $0
STEVE CHAZARO SECRETARY 1.00
Officer Director
$0 $0 $0
VICTORIA DETRES BOARD MEMBER 1.00
Director
$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 $415,843 $142,579 $294,054 $273,264
2024 No data No data No data No data
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