- What is a “non-profit” organization?
A non-profit organization (or not-for-profit organization), is an organization that is not conducted or maintained for profit. The net earnings are devoted exclusively to charitable, educational, or recreational purposes for civic welfare.
- What are your sources of funding?
Capture the Dream, Inc. depends on individual contributors to make dreams reality. We receive more than half of our support from any combination of gifts, grants, contributions, and gross receipts from permitted sources.
- Can I still participate in the events that Capture the Dream, Inc. offers if I am not an underserved individual?
Although our organization focuses on providing resources to those who are less fortunate, Capture the Dream, Inc. will not turn anyone away from participating in events based on financial status. If you would like to participate in any of our events and don’t fall under the description of an “underserved individual”, we highly recommend that you consider participating as a volunteer to learn more about our organization and gain insightful experiences.
- Are participants required to sign waivers of liability before participating in events?
For the safety of our staff, participants, and volunteers, we require all participants to sign a standard waiver of liability. Minors are required to have a parent or legal guardian sign on their behalf.
- How will the value of non-cash gifts be determined?
Non-cash gifts (books, toys, etc.) will be issued a receipt for the fair-market value. The fair-market value is the price that the item would sell for on the open market, or the estimated cash value of the item.
- Are my contributions tax-deductible?
Yes, Capture The Dream, Inc. has been recognized by the IRS as a charitable 501(c)(3) organization. All donations are completely tax-deductible.
- Will I receive a receipt with my donation?
Yes, all contributions will be accompanied by an electronic and/or paper receipt.
- How do I document my gift(s) to Capture the Dream, Inc.?
Cash and/or non-cash gifts can be documented when you itemize your deductions through the IRS Form 1040, Line 37 and Schedule A or IS Form 1120, Line 19.
- Am I required to submit a receipt with my documentation?
For contributions of $250.00 or more, “The federal income tax law requires that before cash or non-cash charitable contribution of $250.00 or more can be claimed as a tax deduction, the taxpayer must have written substantiation from the charitable organization acknowledging the donation.”When you itemize your deductions (IRS Form 1040, Line 37 and Schedule A or IRS Form 1120, Line 19) for gifts by direct deposit, cash, credit card, or check, IRS regulations do not stipulate that you have to attach a receipt to the return or report. However, we recommend you keep records of your donations should the IRS perform a general audit to substantiate the amount you claimed as a deduction.
- How can I update my e-mail address for the newsletter?
Simply go here and enter your old e-mail address into the “Unsubscribe From Newsletter” section. Once you have completed the steps, enter your new e-mail address into the “Subscribe to Newsletter” section.
- How can I report dead links, bugs, and other technical issues?
Please send all technical questions to our webmaster for further assistance. You will receive a response within 48 hours. Feel free to email us with any additional questions. We will consistently update our FAQ page with any new questions to better educate our viewers.