American Dream Foundation Inc in Lompoc, California (CA)

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American Dream Foundation Inc
Employer Identification Number (EIN)311589803
Name of OrganizationAmerican Dream Foundation Inc
In Care of NameEdward Albright
Address2955 Chandler Dr, Lompoc, CA 93436-2327
ActivitiesDescribed in section 170(b)1)(a)(vi) of the Code, Gifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date09/1998
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$165,625
Amount of Income$30,433
Form 990 Revenue Amount$30,433
National Taxonomy of Exempt Entities (NTEE)Human Services - Multipurpose and Other: Services to Promote the Independence of Specific Populations


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Amount of income in 2013: $30,433 (it was $85,152 in 2012)
This organization: 

 $30,433
Other organizations performing similar types of work: 

 $87,071

Assets in 2013: $165,625 (it was $191,010 in 2012)
This organization: 

 $165,625
Other organizations performing similar types of work: 

 $45,697

Expenses in 2013: $55,935
American Dream Foundation Inc: 

 $55,935
Other organizations performing similar types of work: 

 $79,916

Income to expenses ratio in 2013: 0.5
American Dream Foundation Inc: 

 0.5
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2013: 99.1%
American Dream Foundation Inc: 

 99.1%
Other organizations performing similar types of work: 

 93.5%

Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$166,680$85,152$30,433
Contributions, gifts, grants, and similar amounts received$166,670$85,150$30,150
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$0$0$0
Investment income$10$2$283
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$0
Total expenses$107,626$77,746$55,935
Total net assets$183,103$190,509$165,007
Excess/Deficit for the year$59,054$7,406$-25,502
Net assets or fund balances at beginning of year$124,049$183,103$190,509
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$190,509$165,007
Balance Sheets
201120122013
Total assets$184,067$191,010$165,625
Total liabilities$964$501$618
Net assets or fund balances$183,103$190,509$165,007
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
2009 - 2013 Total
Public support$305,320
Subtotal$305,320
Gifts, grants, contributions, and membership fees received$305,320
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$0
Gross receipts from activities that are not an unrelated trade or business under section 513$0
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Less$0
Amounts received from disqualified persons$0
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support$0
Total support$306,532
Public support$305,320
Subtotal$1,212
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$1,212
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Washington Area Womens Foundation Inc1331 H St Nw Ste 1000, Washington, DC 20005-4745DC1997-09$2,978,690
2San Diego Center For Children3002 Armstrong St, San Diego, CA 92111-5702CA1936-08$19,188,838
3Seniors Council Of Santa Cruz And San Benito Counties234 Santa Cruz Ave, Aptos, CA 95003-4438CA1980-06$3,859,768
4Eva Longoria Foundation2708 Wilshire Boulevard No 369, Santa Monica, CA 90403-4706CA2012-03$2,082,196
5Bandini Foundation5857 Cape Horn Dr, Agoura Hills, CA 91301-1401CA2012-01$1,383,709
6Multi Ethnic Collaborative Of Community Agencies611 Anton Blvd 14th Flr, Costa Mesa, CA 92626CA2010-06$1,018,115
7Wade Family Charitable Foundation1716 Catalina Ave, Seal Beach, CA 90740-5711CA2009-02$946,121
8Southern California Wheelchair17162 Grand Avenue Suite B, Lake Elsinore, CA 92530-5750CA2003-05$701,617
9Exceptional Minds10880 Wilshire Blvd Suite 800, Los Angeles, CA 90024-4124CA2009-09$650,162
10Community Life Services740 Front Street Suite 135, Santa Cruz, CA 95060-4535CA2013-02$599,374
11Southern California American Indian Resource Center2124 B Arnold Way, Alpine, CA 91901-2156CA2002-10$594,483
12South Valley Development IncPO BOX 8018, Wasco, CA 93280-8108CA1998-10$584,923
13Gods Fan Club, Project Touch Men Of Influence30141 Antelope Rd D103, Menifee, CA 92584CA2004-11$505,024
14Iranian American Women Foundation2182 Dupont Dr Ste 7, Irvine, CA 92612-1319CA2012-03$494,782
15Stairways Recovery IncPO BOX 6357, Chico, CA 95927-6357CA2006-09$492,174
16Native Alliance Of The Sierra Nevada Foothills, Sierra Native AlliancePo Box 6346, Auburn, CA 95604CA2009-11$449,095
17Latino Business Chamber Of Greater Los Angeles Foundation Inc, Latin Business Chamber634 S Spring St Ste 600, Los Angeles, CA 90014-3906CA2008-10$427,335
18Wilshire Community Services, Senior Peer Counseling285 South Street Suite J, San Luis Obispo, CA 93401CA2007-02$426,332
19Wounded Heroes Fund Kern County Chapter3121 Standard St, Bakersfield, CA 93308-6242CA2009-09$414,632
20Little Angels Service DogsPO BOX 219, Jamul, CA 91935-0219CA2011-12$378,279
Number of organizations performing similar types of work
Alaska29
Alabama132
Arkansas57
Arizona133
California956
Colorado173
Connecticut75
District of Columbia80
Delaware17
Florida612
Georgia327
Hawaii40
Iowa61
Idaho46
Illinois305
Indiana131
Kansas68
Kentucky73
Louisiana110
Massachusetts182
Maryland216
Maine37
Michigan286
Minnesota159
Missouri166
Mississippi72
Montana38
North Carolina265
North Dakota18
Nebraska47
New Hampshire38
New Jersey195
New Mexico58
Nevada60
New York466
Ohio281
Oklahoma84
Oregon115
Pennsylvania274
Rhode Island18
South Carolina119
South Dakota17
Tennessee162
Texas605
Utah66
Virginia217
Vermont32
Washington152
Wisconsin118
West Virginia49
Wyoming21
International20
Total8,078

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