David S Dream and Believe Cancer Foundation Inc.

83%

Impact & Measurement

Accountability & Finance

Culture & Community

Leadership & Adaptability

David S Dream and Believe Cancer Foundation Inc.

Profile managed by nonprofit | Is this your nonprofit?

501(c)(3) organization

Donations are tax-deductible

http://www.davidsdreamandbelieve.org/

102 E BAY AVE

SUITE AManahawkin NJ 08050-3175

609-489-0011

Manahawkin NJ | IRS ruling year: 2011 | EIN: 27-3314182

An EIN is a unique nine-digit number that identifies a business for tax purposes.

Organization Mission

David's Dream & Believe Cancer Foundation provides HOPE through financial assistance, wellness resources and patient support for families in New Jersey affected by a ... (More)

Rating Information

Good

This charity's score is 83%, earning it a Three-Star rating. If this organization aligns with your passions and values, you can give with confidence.

This overall score is calculated from multiple beacon scores, weighted as follows: 38% Accountability & Finance, 47% Impact & Measurement, 10% Leadership & Adaptability, 5% Culture & Community. Learn more about our criteria and methodology.

Historical Ratings

Charity Navigator's ratings previously did not consider Leadership & Adaptability, Culture & Community, or Impact & Measurement. The historic rating mainly reflects a version of today’s Accountability and Finance score. More information on our previous rating methodologies can be found on our rating methodology page.

Rating histories are available for a growing number of rated organizations. Check back later to see if this organization has a rating history!

Rating Report

Impact & Measurement
Accountability & Finance
Culture & Community
Leadership & Adaptability

Accountability & Finance

Score

81

Most Recent Fiscal Year:
FY 2022

This beacon provides an assessment of a charity's financial health (financial efficiency, sustainability, and trustworthiness) and its commitment to governance practices and policies.

Learn more

Key Accountability Metrics

Full Credit

Partial Credit

No Credit

Majority Independent Board Members - 100% independent members

8 out of 8 points

Source: IRS Form 990

Independent Board Size - 10 independent members

7 out of 7 points

Industry professionals strongly recommend an independent governing body to allow for full deliberation and diversity of thinking on governance and other organizational matters. For most organizations, we check to see if the organization has at least three independent board members. For large, donor-funded organizations, we check to see if the organization has at least five independent board members

Source: IRS Form 990

Financial Statements - None

0 out of 15 points

An Audit, Review, or Compilation provides important information about financial accountability and accuracy. Organizations are scored based on their Total Revenue Amount:

Total Revenue Amount	Expectation to Receive Credit
$2 million or higher and 40% or higher donor support	Expected to complete an audit and have an audit oversight committee
$1 million or higher	Expected to complete an audit
$500,000 - $1 million	Expected to complete an audit, review, or compilation
Less than $500,000	No expectation (removed from scoring methodology)

Source: IRS Form 990

Material Diversion of Assets - None

10 out of 10 points

A diversion of assets — any unauthorized conversion or use of the organization's assets other than for the organization's authorized purposes, including but not limited to embezzlement or theft — also can seriously call into question a charity's financial integrity. We review the charity's most recent IRS Form 990 to see if the charity has reported any diversion of assets.

Source: IRS Form 990

Tax Form Disclosures and Policies

Full Credit

Partial Credit

No Credit

Website Listed on Tax Form - Listed

2 out of 2 points

Charity Navigator looks for a website on the IRS Form 990 as an accountability and transparency metric.

Nonprofits act in the public trust and reporting publicly on activities is an important component.

Source: IRS Form 990

Conflict of Interest Policy - Listed

4 out of 4 points

Charity Navigator looks for the existence of a conflict of interest policy on the IRS Form 990 as an accountability and transparency measure.

This policy protects the organization and by extension those it serves, when it is considering entering into a transaction that may benefit the private interest of an officer, director and/or key employee of the organization.

Source: IRS Form 990

Whistleblower Policy - Listed

4 out of 4 points

Charity Navigator looks for the existence of a whistleblower policy per the IRS Form 990 as an accountability and transparency measure.

This policy outlines procedures for handling employee complaints, as well as a confidential way for employees to report financial or other types of mismanagement.

Source: IRS Form 990

Document Retention and Destruction - Listed

4 out of 4 points

Charity Navigator looks for the existence of a document retention and destruction policy per the IRS Form 990 as an accountability and transparency measure.

This policy establishes guidelines for the handling, backing up, archiving and destruction of documents. These guidelines foster good record keeping procedures that promote data integrity.

Source: IRS Form 990

Documents Board Meeting Minutes - Yes

2 out of 2 points

Charity Navigator looks to confirm on the IRS Form 990 that the organization has this process in place as an accountability and transparency measure.

An official record of the events that take place during a board meeting ensures that a contemporaneous document exists for future reference.

Source: IRS Form 990

Website Disclosures

Full Credit

Partial Credit

No Credit

Tax Form Posted on Nonprofit's Website - Missing

0 out of 4 points

For almost all charities, we check the charity's IRS Form 990 to see if it discloses that the Form 990 is available on the charity's website. As with the audited financial statement, donors need easy access to this financial report to help determine if the organization is managing its financial resources well.

Source: IRS Form 990

Financial Metrics

Full Credit

Partial Credit

No Credit

Liabilities to Assets: Ratio - 0.00%

15 out of 15 points

The Liabilities to Assets Ratio is determined by Total Liabilities divided by Total Assets (most recent IRS Form 990). This ratio is an indicator of an organization's solvency and/or long-term sustainability.

Source: IRS Form 990

Program Expense: Ratio - 76.34%

25 out of 25 points

The Program Expense Ratio is determined by Program Expenses divided by Total Expense (average of most recent three IRS Forms 990). This measure reflects the percent of its total expenses a charity spends on the programs and services it exists to deliver.

Source: IRS Form 990

Additional Information

Total Revenue and Expenses - Data Available

This chart displays the trend of revenue and expenses over the past several years for this organization, as reported on their IRS Form 990.

Salary of Key Persons - Data Available

Presented here are up to five of this organization's highest compensated employees. This compensation data includes salary, cash bonuses, and expense accounts and is displayed exactly how it is reported to the IRS. The amounts do not include nontaxable benefits, deferred compensation, or other amounts not reported on Form W-2. In some cases, these amounts may include compensation from related organizations. Read the IRS policies for compensation reporting

David Caldarella, Ceo

$89,500

Danielle Corso, President

Carmen Tierno, Treasurer

Jason Cosimano, Trustee

Matthew Matey, Trustee

Source: IRS Form 990 (page 7), filing year 2022

IRS Published Data (Business Master File) - Data Available

Below are some key data points from the Exempt Organization IRS Business Master File (BMF) for this organization. Learn more about the BMF on the IRS website

Foundation Status:

Organization that normally receives no more than one-third of its support from gross investment income and unrelated business income and at the same time more than one-third of its support from contributions, fees, and gross receipts related to exempt purposes. 509(a)(2) (BMF foundation code: 16)

Affiliation:

Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations). (BMF affiliation code: 3)

Data Sources (IRS Forms 990) - Data Available

The Form 990 is a document that nonprofit organizations file with the IRS annually. We leverage accountability and finance data from it to form Encompass ratings. Click here to search for this organization's Forms 990 on the IRS website (if any are available). Simply enter the organization's name (David S Dream and Believe Cancer Foundation Inc.) or EIN (273314182) in the 'Search Term' field.

Impact & Measurement

Score

80

This beacon estimates the actual impact a charity has on the lives of those it serves, and determines whether it is making good use of donor resources to achieve that impact.

Learn more

Assessments

Impact

80 out of 100 points

100% of Impact & Measurement score

Full Credit

Partial Credit

No Credit

Impact Determination - Cost Effective

80 out of 100 points

Impact Statement

This impact rating was produced under a previous methodology that is no longer used to produce new ratings, and we are therefore unable to generate a dollar-specific impact statement.

Program Context

David's Dream and Believe Cancer Foundation provides financial assistance to patients with cancer.

Data Time Period

1/1/17 to 12/31/17

Benchmark for Scoring

Impact & Results scores of financial assistance to patients programs are based on income generated relative to cost. Programs receive an Impact & Results score of 100 if they increase income for a recipient by more than $1.50 for every $1 spent and a score of 80 if income increases by more than $0.85 for every $1 spent. If a nonprofit reports impact but doesn't meet the benchmark for cost-effectiveness, it earns a score of 65.

This nonprofit's cost per meal is less than 125% of the local meal cost.

Methodology

Public data

Data Source

These data were submitted directly by the nonprofit.

Measurement

Unscored

0% of Impact & Measurement score

Full Credit

Partial Credit

No Credit

Program Planning and Design - No data available

This section assesses the use of crucial evaluation tools in program objective-setting and activities.

Program Development - No data available

This section assesses the consideration of stakeholders in program objectives and activities.

Data Collection and Analysis - No data available

This section assesses the best practices used in collecting and analyzing program data.

Reporting and Distribution of Results - No data available

This section assesses reporting and disseminating program results.

Use of Results - No data available

This section assesses the use of results to guide learning.

Culture & Community

Score

100

This beacon provides an assessment of the organization's culture and connectedness to the community it serves.

Learn more

Metrics

Full Credit

Partial Credit

No Credit

Constituent Feedback - Data Available

100 out of 100 points

100% of beacon score

This organization reported that it is collecting feedback from the constituents and/or communities it serves. The methodology leveraged for Constituent Feedback is based on The Core Principles of Constituent Feedback, which describes listening and responding well to feedback. Charity Navigator participates in a consortium with other feedback experts and leading nonprofit infrastructure platforms to drive Constituent Feedback's advancement, promotion, and data collection.

How is your organization using feedback from the people you serve?

To make fundamental changes to our programs and/or operations, To strengthen relationships with the people we serve

What challenges does your organization face in collecting feedback from the people you serve?

We don't have the right technology to collect and aggregate feedback efficiently

Equity Practices - No Data Available

Unscored

This organization has not provided information regarding the Equity Practices it is presently implementing. As such, the organization has not earned a score on this metric.

Leadership & Adaptability

Score

100

This beacon provides an assessment of the organization's leadership capacity, strategic thinking and planning, and ability to innovate or respond to changes in constituent demand/need or other relevant social and economic conditions to achieve the organization's mission.

Learn more

Metrics

Full Credit

Partial Credit

No Credit

Mission

10 out of 10 points

The nonprofit organization presents evidence of strategic thinking through articulating the organization's mission

David's Dream & Believe Cancer Foundation provides HOPE through financial assistance, wellness resources and patient support for families in New Jersey affected by a cancer diagnosis.

Vision

10 out of 10 points

The nonprofit organization presents evidence of strategic thinking through articulating the organization’s vision.

Note: The organization did not respond to this question.

Source: Nonprofit submitted responses

Goals

20 out of 20 points

The nonprofit organization presents evidence of strategic thinking and goal setting through sharing their most important strategic goals.

Goal One: Strategic goal to continue post Covid financial recovery.

Goal Type: Invest in the capacity of our organization (financial, management, technical, etc.).

Goal Two: Increase access to our financial grant award program.

Goal Type: Grow, expand, scale or increase access to the existing programs and services.

Goal Three: Focus on financial assistance which is most needed by families and scale back on other support programs.

Goal Type: Focus on core programs to achieve mission and scale back on programs not seen as core.

Leadership Development

15 out of 15 points

The nonprofit provides evidence of investment in leadership development

Describe an investment in leadership

Our CEO invests time to grow our patient support program through his mentorship.

Mobilizing for Mission

15 out of 15 points

The nonprofit provides evidence of leadership through focusing externally and mobilizing resources for the mission.

This organization mobilizes for mission in the following ways:

Strategic Partnerships
Networks of Collective Impact Efforts
Raising Awareness
Community Building

What are this organization’s external mobilizaton efforts?

Communicating with other nonprofits to support families affected by a cancer diagnosis including our largest awareness/fundraiser event is a collective effort with multiple organizations.

Adaptability Story

30 out of 30 points

The nonprofit has an opportunity to tell the story of how the organization adapted to tremendous external changes in the last year.

The pandemic has only added to the challenges of families battling a cancer diagnosis, causing an increased demand for emergent financial aid. The Foundation has had to respond to that increased demand with creative fundraising tactics as the result of in-person events being cancelled.

83%

Three-Star Charity

Impact & Measurement

Accountability & Finance

Culture & Community

Leadership & Adaptability

Favorite

Error attempting donation

You're too fast!

David S Dream and Believe Cancer Foundation Inc.

Rating Information

Rating Report

81

Key Accountability Metrics

Tax Form Disclosures and Policies

Website Disclosures

Financial Metrics

Additional Information

80

Assessments

Impact

80 out of 100 points

Measurement

Unscored

100

Metrics

100

Metrics