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A Treasure of Dreams

EIN 37-1620152 · Friendswood, TX

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak48 out of 100GovernanceFair60 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO PROVIDE SPECIALIZED SERVICES TO PEOPLE DIAGNOSED WITH DEVELOPMENTAL DISABILITIES, NAMELY MENTAL RETARDATION, UNDER THE MANDATED GUIDELINES SET FORTH BY THE TEXAS DEPARTMENT OF AGING AND DISABILITY SERVICES FOR THE HOME AND COMMUNITY-BASED SERVICES DIVISION.

Income
$2.3 million
Spending
$2.3 million
Spent on programs
78%
Reserves
0 months of spending
Largest source of income
government grants, 92%
Employees
40
Highest pay
$240,205, executive directorpresident

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 48 out of 100. Higher than 9% of charities in its peer group (philanthropy, $1m to $10m).

  • Reserves

    4 of 35

    Spendable reserves would cover 0.0 months of spending.

  • Debt

    2 of 20

    It owes 77% of what it owns.

  • Living within its means

    12 of 15

    Income exceeded spending by 1% of income.

  • Income trend

    15 of 15

    Income rose 6% on the year before.

  • Spending floor

    15 of 15

    78% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 60 out of 100. Higher than 15% of charities in its peer group (philanthropy, $1m to $10m).

  • Independent board

    25 of 25

    4 of 5 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    0 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (5)
  1. $1.2 million spent. A TREASURE OF DREAMS, INC PROVIDES SUPERVISED LIVING FACILITIES AND ADULT SUPERVISION FOR INDIVIDUALS DIAGNOSED WITH INTELLECTUAL DEVELOPMENTAL DISABILITIES AND/OR RELATED CONDITIONS.
  2. $374,253 spent. A TREASURE OF DREAMS, INC. PROVIDES SERVICES THAT CONNECT AND ENCOURAGES THE ESTABLISHMENT OF RELATIONSHIPS BETWEEN FOSTER PARENTS AND FOSTER CHILDREN.
  3. $151,605 spent. A TREASURE OF DREAMS, INC. OFFERS A DAY HABITATION PROGRAM FOR 6 HOURS EACH WEEKDAY PROVIDING SERVICES THAT SUPPORT FORMAL AND INFORMAL TRAINING AND ASSISTANCE IN ACTIVITIES OF DAILY LIVING AS WELL AS HELPING THE INDIVIDUALS TO ACQUIRE NEW SKILLS AND INCREASE INDEPENDENCE.
  4. $75,587 spent. A TREASURE OF DREAMS INC. PROVIDED EMPLOYEE AND CONTRACT SERVICES TO CARE FOR THE MEDICAL, EDUCATIONAL,EMOTIONAL, SPEECHPATHOLOGY, BEHAVIORIAL SUPPORT, ADAPTIVE AIDS, ETC. TO MAKE THE NEEDS OF THE INTELLECTUALLY CHALLENGED PERSONS UNDER THE ORGANIZATIONS CARE.
  5. OTHER PROGRAM SERVICES LINE 4D IS: A TREASURE OF DREAMS INC. PROVIDED EMPLOYEE AND CONTRACT SERVICES TO CARE FOR THE MEDICAL, EDUCATIONAL,EMOTIONAL, SPEECHPATHOLOGY, BEHAVIORIAL SUPPORT, ADAPTIVE AIDS, DENTAL, ETC. TO MAKE THE NEEDS OF THE INTELLECTUALLY CHALLENGED PERSONS UNDER THE ORGANIZATIONS CARE.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Worth knowing.

    Status was revoked on May 15, 2011 for not filing returns for three years, and reinstated on July 15, 2012.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since December 2013.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.