EIN 56-2001053

Dreams of Wilmington

IRS 501(c) type
501(c)(3)
Num. employees
6
Year formed
1996
Most recent tax filings
2024-06-01
Description
Dreams of Wilmington empowers youth and teens by fostering a culture of confidence through equitable access to arts education supported by values of respect, family, and community. They offer high-quality classes in literary, visual, and performing arts free-of-charge to youth ages 8-18 at their inner-city center and outreach sites throughout the community. In addition to arts education, Dreams also offers initiatives focused on youth entrepreneurship.
Total revenues
$698,550
2024
Total expenses
$838,773
2024
Total assets
$2,005,650
2024
Num. employees
6
2024

Program areas at Dreams of Wilmington

Dreams provides high-quality, free-of-charge classes in the literary, visual, and performing arts to youth ages 8-18 at our inner-city center as well as at outreach sites throughout our community. Specific initiatives include youth entrepreneurship, which provides students with a much-needed income stream through artwork sales and paid performances; family engagement, which offers opportunities for parents and siblings to get involved in programming; teen council, in which older students are given a leadership role within the organization; dance theatre of Dreams, providing performance opportunities for advanced dance students; apprenticeship, in which Dreams employs a select group of older students, teaching them real- world job skills; and initiatives focused on digital arts, higher education, and visiting artists. The interplay of these initiatives serves to address the "whole child- and guide the development of productive, engaged youth.

Who funds Dreams of Wilmington

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
New Hanover Community EndowmentDreams Center for Arts Education's Mission Is To Create A Culture of Confidence for Youth and Teens Through Equitable Access To Arts Education, Supported By Values of Respect, Family and Community.this Grant Will Support Upgrades of Technologies and Program Spaces.$115,000
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$70,600
DAFgiving360Arts, Culture & Humanities$10,000
...and 3 more grants received

Personnel at Dreams of Wilmington

NameTitleCompensation
Kimberly LebbyExecutive Director$0
Amy JeffreyDirector of Finance$75,198
Fidias ReyesPast Former Exec.$56,250

Financials for Dreams of Wilmington

RevenuesFYE 06/2024
Total grants, contributions, etc.$638,878
Program services$38,958
Investment income and dividends$26,286
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-7,323
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$1,751
Total revenues$698,550

Form 990s for Dreams of Wilmington

Fiscal year endingDate received by IRSFormPDF link
2024-062024-10-25990View PDF
2023-062023-12-15990View PDF
2022-062022-11-04990View PDF
2021-062021-10-26990View PDF
2020-062021-02-17990View PDF
...and 10 more Form 990s
Data update history
January 10, 2025
Posted financials
Added Form 990 for fiscal year 2024
January 7, 2025
Updated personnel
Identified 1 new personnel
November 26, 2024
Received grants
Identified 2 new grant, including a grant for $8,317 from United Way of the Cape Fear Area
May 18, 2024
Received grants
Identified 1 new grant, including a grant for $1,100 from The Lagomarsino Foundation
April 27, 2024
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Arts, culture, and humanities nonprofitsPerforming arts organizationsTheatersCharities
Issues
EducationArts, cultural, and humanitiesHuman servicesChildren
Characteristics
State / local levelReceives government fundingEndowed supportProvides scholarshipsTax deductible donationsAccepts online donations
General information
Address
901 Fanning St
Wilmington, NC 28401
Metro area
Wilmington, NC
County
New Hanover County, NC
Website URL
givetodreams.org/ 
Phone
(910) 772-1501
IRS details
EIN
56-2001053
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1996
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
A25: Arts Education, Schools of Art
NAICS code, primary
711110: Theater Companies and Dinner Theaters
Parent/child status
Independent
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