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Education : Scholarship and Financial Support (Grantmaking)

Garden of Dreams Foundation

Using the magic of Madison Square Garden to brighten the lives of children and their families

three stars

80.02

2 Penn Plaza 14th Floor
New York, NY 10121
tel: (212) 465-4170   Web Site
EIN: 13-3979726

Board Leadership
Barry Watkins
Chairman

  Score
(out of 100)
Rating
Overall Score & Rating 80.02 three stars
  Financial 91.68 four stars
  Accountability & Transparency 73.00 two stars
This rating was published 10/01/2018 and includes data from FY2017, the most recent 990 received at that time.

The Garden of Dreams Foundation is a non-profit organization that works with The Madison Square Garden Company to positively impact the lives of children facing obstacles. The Foundation works with 28 partner organizations throughout the tristate area, including hospitals, wish organizations and community-based organizations, to reach children who are facing challenges such as homelessness, extreme poverty, illness and foster care. Since it began in 2006, Garden of Dreams has used the magic of MSG - the New York Knicks, New York Rangers, New York Liberty, MSG Networks Inc. and Rockettes - to brighten the lives of children and their families. In addition, through its Garden of Dreams Giving program, the Foundation helps its partner organizations meet the critical needs of the children they serve, including through direct support of scholarships and tangible, targeted community projects.

The Garden of Dreams Foundation is a non-profit organization that works with The Madison Square Garden Company to positively impact the lives of children facing obstacles. The Foundation works with 28 partner organizations throughout the tristate area, including hospitals, wish organizations and community-based organizations, to reach children who are facing challenges such as homelessness, extreme poverty, illness and foster care. Since it began in 2006, Garden of Dreams has used the magic of MSG - the New York Knicks, New York Rangers, New York Liberty, MSG Networks Inc. and Rockettes - to brighten the lives of children and their families. In addition, through its Garden of Dreams Giving program, the Foundation helps its partner organizations meet the critical needs of the children they serve, including through direct support of scholarships and tangible, targeted community projects.

Impact Information

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Financial

four stars

91.68

Accountability & Transparency

two stars

73.00

This rating was published 10/01/2018 and includes data from FY2017, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
95.1%
  Administrative Expenses 2.4%
  Fundraising Expenses 2.3%
  Fundraising Efficiency $0.02
  Working Capital Ratio (years) 0.60
  Program Expenses Growth 4.2%
  Liabilities to Assets 1.3%
All data for Financial Performance Metrics calculations was provided by Garden of Dreams Foundation on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Garden of Dreams Foundation on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Garden of Dreams Foundation (NY) 80.02 three stars
Naval War College Foundation (RI) 90.42 four stars
Fabretto (DC) 86.21 three stars
South Carolina Governor's School for Science and Math Foundation (SC) 86.43 three stars
American Friends of IDC (NY) 86.56 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $4,835,520
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $1,788,002
   Related Organizations $0
   Government Grants $0
Total Contributions $6,623,522
   Program Service Revenue $0
Total Primary Revenue $6,623,522
   Other Revenue $1,808,684
TOTAL REVENUE $8,432,206
   
EXPENSES  
   Program Expenses $8,258,173
   Administrative Expenses $281,814
   Fundraising Expenses $246,420
TOTAL FUNCTIONAL EXPENSES $8,786,407
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-354,201
   
Net Assets $5,414,622

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Garden of Dreams Giving Program $3,487,373 42.2%
Events $3,441,138 41.7%
Hospital Support $468,855 5.7%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2017-08 10/01/2018 80.02 three stars
2017-08 09/01/2018 72.49 two stars
2016-08 12/22/2017 88.54 three stars
2015-08 05/01/2017 88.54 three stars
2015-08 11/01/2016 78.71 two stars
2014-08 06/01/2016 67.98 one star
 
CN 2.0
2014-08 02/01/2016 67.92 one star

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 13-3979726
Name in IRS Master File GARDEN OF DREAMS FOUNDATION
NTEE Code T30
NTEE Classification Public Foundations
NTEE Type Philanthropy, Voluntarism and Grantmaking Foundations
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (994) Described in section 170(b)1)(a)(vi) of the Code
(328) Combat juvenile delinquency
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
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).
Group Name [Not Applicable]
Ruling Date August, 1998
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End August
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • August, 2017
  • August, 2016
  • August, 2015
  • August, 2014
  • August, 2013

The data displayed in this profile is provided by the IRS for free in the form of Publication 78 and the Business Master File (BMF).

Compensation % of Expenses Paid to Title
Not compensated -- Barry Watkins Chairman

Highly Rated

Charity Name & State Overall Score Overall Rating
Garden of Dreams Foundation (NY) 80.02 three stars
Youth, I.N.C. (NY) 88.05 three stars
Jesuit College Preparatory School of Dallas Foundation (TX) 86.00 three stars
Kiddo (CA) 92.65 four stars
Big Shoulders Fund (IL) 98.64 four stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Garden of Dreams Foundation
2 Penn Plaza
14th Floor
New York, NY 10121
tel: (212) 465-4170
EIN: 13-3979726

Visit Web Site

Board Leadership

Barry Watkins
Chairman

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