Civic Intelligence

I Have a Dream Foundation - New Jersey Inc.

990 • Fiscal year 2018 • EIN 02-0775259

Jul 01, 2017 to Jun 30, 2018 • Filed on Mar 06, 2019

60 Park Place No 601Newark, NJ 07102

(201) 589-7852

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

79th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • NTEE B82 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

79th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • NTEE B82 • <$500k nonprofits • Source year 2018

Net Margin

50th percentile

7.8%

Higher net margin than 50% of similar nonprofits.

2018 filings • NTEE B82 • <$500k nonprofits • Source year 2018

Top Officer Pay

99th percentile

$96,673

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 29.6% of source-year revenue.

2018 filings • NTEE B82 • <$500k nonprofits • Source year 2018

Asset Growth

59th percentile

6.0%

Faster asset growth than 59% of similar nonprofits.

2018 filings • NTEE B82 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

93rd percentile

180%

Faster revenue growth than 93% of similar nonprofits.

2018 filings • NTEE B82 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$435,900

Up $24,791 (+6.0%) from 2017

Net Assets

Up

$435,900

Up $24,791 (+6.0%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue

Up

$326,908

Up $210,271 (+180%) from 2017

Expenses

Up

$301,348

Up $141,898 (+89%) from 2017

Net Income

Up

$25,560

Up $68,373 (+160%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2011: $534,594Liabilities 2011: $0Net Assets 2011: $534,5942011Assets 2012: $531,553Liabilities 2012: $0Net Assets 2012: $531,5532012Assets 2013: $577,584Liabilities 2013: $0Net Assets 2013: $577,5842013Assets 2014: $552,718Liabilities 2014: $0Net Assets 2014: $552,7182014Assets 2015: $533,586Liabilities 2015: $0Net Assets 2015: $533,5862015Assets 2016: $602,032Liabilities 2016: $412Net Assets 2016: $601,6202016Assets 2017: $411,109Liabilities 2017: $0Net Assets 2017: $411,1092017Assets 2018: $435,900Liabilities 2018: $0Net Assets 2018: $435,9002018Assets 2019: $386,396Liabilities 2019: $0Net Assets 2019: $386,3962019Assets 2020: $469,888Liabilities 2020: $34,392Net Assets 2020: $435,4962020Assets 2021: $592,679Liabilities 2021: $0Net Assets 2021: $592,6792021Assets 2022: $354,242Liabilities 2022: $0Net Assets 2022: $354,2422022Assets 2024: $564,935Liabilities 2024: $0Net Assets 2024: $564,9352024

Highlighted filing

2018

Assets$435,900
Liabilities$0
Net Assets$435,900

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KExpenses 2011: $95,4132011Expenses 2012: $94,5162012Revenue 2013: $41,912Expenses 2013: $54,139Net Income 2013: -$12,2272013Revenue 2014: $57,829Expenses 2014: $125,707Net Income 2014: -$67,8782014Revenue 2015: $37,567Expenses 2015: $108,715Net Income 2015: -$71,1482015Revenue 2016: $200,254Expenses 2016: $120,787Net Income 2016: $79,4672016Revenue 2017: $116,637Expenses 2017: $159,450Net Income 2017: -$42,8132017Revenue 2018: $326,908Expenses 2018: $301,348Net Income 2018: $25,5602018Revenue 2019: $231,909Expenses 2019: $278,803Net Income 2019: -$46,8942019Revenue 2020: $399,726Expenses 2020: $350,626Net Income 2020: $49,1002020Revenue 2021: $649,632Expenses 2021: $492,449Net Income 2021: $157,1832021Revenue 2022: $281,599Expenses 2022: $520,036Net Income 2022: -$238,4372022Revenue 2024: $899,504Expenses 2024: $598,545Net Income 2024: $300,9592024

Highlighted filing

2018

Revenue$326,908
Expenses$301,348
Net Income$25,560
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Mar 6, 2019
Return Version
2017v2.3
Gross Receipts
$326,908
Mission and Program Overview

Mission

To motivate and empower children to reach their educational and career goals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$311,817$411,868▲ $100,051
Cash and Non-Interest-Bearing Accounts$99,292$24,032▼ $75,260
Total Assets$411,109$435,900▲ $24,791
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$411,109$435,900▲ $24,791
Total Net Assets Fund Balance$411,109$435,900▲ $24,791
Total Liabilities and Net Assets / Fund Balance$411,109$435,900▲ $24,791
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Yolanda GadsonExecutive DirectorFT$85,000$11,673$96,673

Board Members and Trustees

NameTitle
Steven LernerPresident
Lucille M BookerV.president
Anthony SantiagoBoard Member
Bernard RobinsonBoard Member
Diane HillBoard Member
Donald OstrowBoard Member
Doug EvansBoard Member
Eugene ThomasBoard Member
Hanna MoriBoard Member
Samuel SchwartzBoard Member
Jerome RobinsonFounding Sponsor
Tish JohnsonSecretary
Howard T AlterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$324,057
Program Service Revenue
$0
Investment Income
$2,851
Other Revenue
$0
All Other Contributions
$324,057
Change in Net Assets
$25,560
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$175,924
Other Expenses$125,424
Total Fundraising Expense$1,618
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$74,400$18,600-$93,000
Other Salaries and Wages$54,861--$54,861
Occupancy-$13,800-$13,800
Payroll Taxes$10,721$2,046-$12,767
Other Employee Benefits-$11,897-$11,897
Fees for Services Other-$11,321-$11,321
Insurance$10,945--$10,945
Conferences and Meetings$6,382--$6,382
Pension Plan Contributions-$3,399-$3,399
Office Expenses-$3,290-$3,290
Travel-$3,155-$3,155
Fees for Services Accounting-$2,200-$2,200
Other Expenses$0$0$1,485$1,485
Advertising-$333-$333
Information Technology-$231-$231
Total Functional Expenses$224,383$75,347$1,618$301,348
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Two board members are family members, jerome robinson and bernard robinson.

Form 990, Part VI, Section B, Line 11B

A copy of form 990 is provided to each board member for them to review and time is made so that each board member may ask questions.

Form 990, Part VI, Section B, Line 12C

The board of directors sign an annual contract monitoring report which includes an attestation of board conflict of interest as part of their state of nj grant.

Form 990, Part VI, Section B, Line 15

All benefits and compensation to employees are approved by the board of directors and by the state of nj as part of their grant.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are made available upon request.

Filing and Contact Details

Filer

Filer Name
I Have a Dream Foundation
EIN
02-0775259
Phone
2015897852
Address
60 PARK PLACE NO 601, NEWARK, NJ 07102

Signing Officer

Name
Steven Lerner
Title
President
Phone
2015897852
Signed
2019-03-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steven Lerner
Formed
2006
Legal Domicile
Nj
Voting Board Members
14
Independent Board Members
13
Employees
41
Volunteers
50

Preparer

Firm
Hill Barth & King LLC
Address
100 WALNUT AVENUE, CLARK, NJ 07066
Preparer
Kathleen M Clayton CPA
Phone
7323818887
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IRS990/Form990PartVIISectionAGrp/PersonNm3LUCILLE M BOOKER
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IRS990/Form990PartVIISectionAGrp/TitleTxt3V.PRESIDENT
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IRS990/MissionDesc0IHDF-NJ SUPPORTS OUR DREAMERS BY MEETING THEM WHERE THEY ARE. OUR VISION IS FOR ALL CHILDREN TO HAVE AN OPPORTUNITY TO EARN A COLLEGE DEGREE AND FULLY CAPITALIZE ON THEIR TALENTS, ASPIRATIONS, AND DREAM OF FULFILLING CAREERS AND PRODUCTIVE GLOBAL CITIZENSHIP. WE ACCOMPLISH THIS BY SPONSORING AN ENTIRE CLASS OR SCHOOL IN UNDERSERVED AND/OR UNDER-RESOURSED COMMUNITIES AND FOLLOWING ITS STUDENTS TO AND THROUGH COLLEGE BY PROVIDING ACADEMIC AND PERSONAL SUPPORT THROUGH COMPREHENSIVE PROGRAMMING AND WRAPAROUND SERVICES. DREAMERS RECEIVE GUARANTEED TUITION ASSISTANCE FOR HIGHER EDUCATION (INCLUDING TRADE SCHOOL) AND CONTINUED SUPPORT THROUGH THEIR POST-SECONDARY JOURNEY.
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IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0CAMDEN PROGRAMBEGINNING DURING 2017, A PROGRAM WAS OPENED IN CAMDEN
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt054888
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0168131
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt06
IRS990/PYOtherExpensesAmt058205
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt08687
IRS990/PYSalariesCompEmpBnftPaidAmt0101245
IRS990/PYTotalExpensesAmt0159450
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0168137
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt025560
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0DESCRIPTION: DREAMERS COLLEGE ENDOWED DATE: 06/30/18 AMOUNT: 197970.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0324057
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0103131
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt051532
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt034082
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt057268
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0570070
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02851
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt06
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0148722
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt03485
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt05845
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0160909
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.71370
IRS990ScheduleA/PublicSupportPY170Pct00.68510
IRS990ScheduleA/PublicSupportTotal170Amt0521680
IRS990ScheduleA/SubstantialContributorsTotAmt048390
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0324057
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0103131
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt051532
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt034082
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt057268
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0570070
IRS990ScheduleA/TotalSupportAmt0730979
IRS990/ScheduleBRequiredInd01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TWO BOARD MEMBERS ARE FAMILY MEMBERS, JEROME ROBINSON AND BERNARD ROBINSON.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF FORM 990 IS PROVIDED TO EACH BOARD MEMBER FOR THEM TO REVIEW AND TIME IS MADE SO THAT EACH BOARD MEMBER MAY ASK QUESTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS SIGN AN ANNUAL CONTRACT MONITORING REPORT WHICH INCLUDES AN ATTESTATION OF BOARD CONFLICT OF INTEREST AS PART OF THEIR STATE OF NJ GRANT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL BENEFITS AND COMPENSATION TO EMPLOYEES ARE APPROVED BY THE BOARD OF DIRECTORS AND BY THE STATE OF NJ AS PART OF THEIR GRANT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0411109
IRS990/TotalAssetsEOYAmt0435900
IRS990/TotalAssetsGrp/BOYAmt0411109
IRS990/TotalAssetsGrp/EOYAmt0435900
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0324057
IRS990/TotalEmployeeCnt041
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt01618
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt075347
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0224383
IRS990/TotalFunctionalExpensesGrp/TotalAmt0301348
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0411109
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0435900
IRS990/TotalOtherCompensationAmt011673
IRS990/TotalProgramServiceExpensesAmt0224383
IRS990/TotalReportableCompFromOrgAmt085000
IRS990/TotalRevenueGrp/ExclusionAmt02851
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0326908
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0411109
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0435900
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt03155
IRS990/TravelGrp/TotalAmt03155
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0411109
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0435900
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt060 PARK PLACE NO 601
IRS990/USAddress/CityNm0NEWARK
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd007102
IRS990/VotingMembersGoverningBodyCnt014
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0WWW.IHAVEADREAMNEWARK.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0STEVEN LERNER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02015897852
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-03-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0I HAVE A DREAM FOUNDATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0NEWARK NJ PROGRAM INC
ReturnHeader/Filer/BusinessNameControlTxt0IHAV
ReturnHeader/Filer/EIN0020775259
ReturnHeader/Filer/PhoneNum02015897852
ReturnHeader/Filer/USAddress/AddressLine1Txt060 PARK PLACE NO 601
ReturnHeader/Filer/USAddress/CityNm0NEWARK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007102
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId06365EC646D56BE2B45F5587A4FB32164BBC47BB7
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0A2E7617D2BE413FD2D34FBD2924545242C4C1BC4
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0198.167.186.164
ReturnHeader/FilingSecurityInformation/IPDt02019-03-06

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.65$0.00$5.65$9.00$5.99$3.01
2022Detailed filing. Detailed filing data is available for this year.$3.54$0.00$3.54$2.82$5.20$2.38
2021Detailed filing. Detailed filing data is available for this year.$5.93$0.00$5.93$6.50$4.92$1.57
2020Detailed filing. Detailed filing data is available for this year.$4.70$0.34$4.35$4.00$3.51$0.49
2019Summary only. Only limited summary data is available for this year.$3.86$0.00$3.86$2.32$2.79$0.47
2018Detailed filing. Detailed filing data is available for this year.$4.36$0.00$4.36$3.27$3.01$0.26
2017Detailed filing. Detailed filing data is available for this year.$4.11$0.00$4.11$1.17$1.59$0.43
2016Detailed filing. Detailed filing data is available for this year.$6.02$0.00$6.02$2.00$1.21$0.79
2015Detailed filing. Detailed filing data is available for this year.$5.34$0.00$5.34$0.38$1.09$0.71
2014Detailed filing. Detailed filing data is available for this year.$5.53$0.00$5.53$0.58$1.26$0.68
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.78$0.00$5.78$0.42$0.54$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.32$0.00$5.32$0.95
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.35$0.00$5.35$0.95