Civic Intelligence

Dream Schools Inc

990 • Fiscal year 2016 • EIN 20-4657268

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 14, 2017

Organization ProfileN/A
1530 Westerly ParkwayState College, PA 16801

(814) 237-9727

Siviq Scores

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

Liabilities / Assets

86th percentile

0.79x

Higher debt load relative to assets than 86% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

99th percentile

25.17x

Higher debt load relative to revenue than 99% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

97th percentile

80%

Higher net margin than 97% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

94th percentile

62%

Faster asset growth than 94% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

6th percentile

-47%

Faster revenue growth than 6% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets86th percentile

Assets

Flat

$6,712,632

Flat from 2016

Net Assets

Flat

$1,425,248

Flat from 2016

Liabilities

Flat

$5,287,384

Flat from 2016

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin97th percentile

Revenue

Flat

$210,034

Flat from 2016

Expenses

Flat

$41,602

Flat from 2016

Net Income

Flat

$168,432

Flat from 2016

Historical Trend

Balance Sheet Trend

Asset Growth94th percentile

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

$15M$10M$5.0M$0Assets 2011: $3,439,235Liabilities 2011: $2,947,407Net Assets 2011: $491,8282011Assets 2012: $4,119,159Liabilities 2012: $3,644,411Net Assets 2012: $474,7482012Assets 2013: $4,098,569Liabilities 2013: $3,478,971Net Assets 2013: $619,5982013Assets 2014: $4,048,389Liabilities 2014: $3,174,694Net Assets 2014: $873,6952014Assets 2015: $4,137,401Liabilities 2015: $2,880,585Net Assets 2015: $1,256,8162015Assets 2016: $6,712,632Liabilities 2016: $5,287,384Net Assets 2016: $1,425,2482016Assets 2016: $6,712,632Liabilities 2016: $5,287,384Net Assets 2016: $1,425,2482016Assets 2017: $6,273,180Liabilities 2017: $4,291,514Net Assets 2017: $1,981,6662017Assets 2018: $6,509,499Liabilities 2018: $3,938,214Net Assets 2018: $2,571,2852018Assets 2019: $7,112,513Liabilities 2019: $3,739,733Net Assets 2019: $3,372,7802019Assets 2020: $9,018,089Liabilities 2020: $5,061,614Net Assets 2020: $3,956,4752020Assets 2021: $9,830,483Liabilities 2021: $5,216,161Net Assets 2021: $4,614,3222021Assets 2022: $10,201,973Liabilities 2022: $4,812,683Net Assets 2022: $5,389,2902022Assets 2023: $10,467,826Liabilities 2023: $4,040,386Net Assets 2023: $6,427,4402023

Highlighted filing

2016

Assets$6,712,632
Liabilities$5,287,384
Net Assets$1,425,248
Open 2016 Filing

Operations Trend

Revenue Growth6th percentile

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

$1.5M$1.0M$500K$0Expenses 2011: $48,6292011Expenses 2012: $38,9292012Revenue 2013: $193,881Expenses 2013: $49,031Net Income 2013: $144,8502013Revenue 2014: $386,355Expenses 2014: $2,857Net Income 2014: $383,4982014Revenue 2015: $397,903Expenses 2015: $14,782Net Income 2015: $383,1212015Revenue 2016: $210,034Expenses 2016: $41,602Net Income 2016: $168,4322016Revenue 2016: $210,034Expenses 2016: $41,602Net Income 2016: $168,4322016Revenue 2017: $364,896Expenses 2017: $0Net Income 2017: $364,8962017Revenue 2018: $547,323Expenses 2018: $19,205Net Income 2018: $528,1182018Revenue 2019: $812,149Expenses 2019: $10,654Net Income 2019: $801,4952019Revenue 2020: $594,756Expenses 2020: $11,061Net Income 2020: $583,6952020Revenue 2021: $669,247Expenses 2021: $11,400Net Income 2021: $657,8472021Revenue 2022: $786,968Expenses 2022: $12,000Net Income 2022: $774,9682022Revenue 2023: $1,047,935Expenses 2023: $9,785Net Income 2023: $1,038,1502023

Highlighted filing

2016

Revenue$210,034
Expenses$41,602
Net Income$168,432
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 14, 2017
Return Version
2016v3.0
Gross Receipts
$512,514
Mission and Program Overview

Mission

To provide rental and other occupational services to non-profit charter schools and organizations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,597,304$3,790,060▲ $192,756
Cash and Non-Interest-Bearing Accounts-$1,616,516-
Accounts Receivable$9,625$0▼ $9,625
Other Notes and Loans Receivable, Net$83,250$3,200▼ $80,050
Savings and Temporary Cash Investments-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$4,137,401$6,712,632▲ $2,575,231
Other Assets Total$447,222$1,302,856▲ $855,634
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,339,776$4,891,635▲ $2,551,859
Other Liabilities$540,686$355,626▼ $185,060
Accounts Payable and Accrued Expenses$123$40,123▲ $40,000
Total Liabilities$2,880,585$5,287,384▲ $2,406,799
Net Assets / Fund Balance
Unrestricted Net Assets$1,256,816$1,425,248▲ $168,432
Total Net Assets Fund Balance$1,256,816$1,425,248▲ $168,432
Total Liabilities and Net Assets / Fund Balance$4,137,401$6,712,632▲ $2,575,231

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,396,887$638,111$3,034,998
Leasehold Improvements$713,173$69,364$782,537
Land$680,000-$680,000
Other Assets Org$19,954--
Compensation and Service Providers
Top Officer Pay19th percentile

Board Members and Trustees

NameTitle
Hasan OzcanPresident
Sait OnalSecretary
Yasin KucakTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,041
Program Service Revenue
$0
Investment Income
$13
Other Revenue
$208,980
All Other Contributions
$1,041
Change in Net Assets
$168,432
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$29,784
Other Expenses$11,818
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$22,438--$22,438
Fees for Services Accounting$9,000--$9,000
Payroll Taxes$7,346--$7,346
Fees for Services Other$2,439--$2,439
Office Expenses$379--$379
Total Functional Expenses$41,602$0$0$41,602
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliate$355,626
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
No
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
No
Other officer compensation reviewed
No
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, Line 11B: Form 990 Review Process

“The form 990 return is reviewed by board members prior to the filing of the return.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Government documentation, policies and financial statements of dream schools, inc., are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Dream Schools Inc
EIN
20-4657268
Phone
8142379727
Address
1530 WESTERLY PARKWAY, STATE COLLEGE, PA 16801

Signing Officer

Name
Hasan Ozcan
Title
President
Signed
2017-11-14
Discuss with paid preparer
Yes

Organization Details

Formed
2007
Legal Domicile
Pa
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Barre & Company LLC
Address
2204 MORRIS AVE STE 206, UNION, NJ 07083-5914
Preparer
Richard Barre
Phone
9086863484
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0512514
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0623005
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0632200
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0443846
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0254626
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02466191
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt02396887
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0638111
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03034998
IRS990ScheduleD/LandGrp/BookValueAmt0680000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0680000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0713173
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt069364
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0782537
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01221402
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt161500
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt219954
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CONSTRUCTIO IN PROGRESS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1INVESTMENT IN AFFILIATE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2LOAN CLOSING COSTS NET OF ACCUM AMORT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0355626
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03790060
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01302856
IRS990ScheduleD/TotalLiabilityAmt0355626
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 RETURN IS REVIEWED BY BOARD MEMBERS PRIOR TO THE FILING OF THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNMENT DOCUMENTATION, POLICIES AND FINANCIAL STATEMENTS OF DREAM SCHOOLS, INC., ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0DREAM SCHOOLS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0NEWPORT DRIVE PROPERTIES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0274373603
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(25)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0PA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0RENTAL SERVICE TO NONPROFIT ORGANIZATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01105 BALKAN DRIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0PITTSBURGH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0PA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd015239
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04137401
IRS990/TotalAssetsEOYAmt06712632
IRS990/TotalAssetsGrp/BOYAmt04137401
IRS990/TotalAssetsGrp/EOYAmt06712632
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01041
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt041602
IRS990/TotalFunctionalExpensesGrp/TotalAmt041602
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02880585
IRS990/TotalLiabilitiesEOYAmt05287384
IRS990/TotalLiabilitiesGrp/BOYAmt02880585
IRS990/TotalLiabilitiesGrp/EOYAmt05287384
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01256816
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01425248
IRS990/TotalProgramServiceExpensesAmt041602
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0208993
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0210034
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04137401
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06712632
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01256816
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01425248
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0HASAN OZCAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DREAM SCHOOLS INC
ReturnHeader/Filer/BusinessNameControlTxt0DREA
ReturnHeader/Filer/EIN0204657268
ReturnHeader/Filer/PhoneNum08142379727
ReturnHeader/Filer/USAddress/AddressLine1Txt01530 WESTERLY PARKWAY
ReturnHeader/Filer/USAddress/CityNm0STATE COLLEGE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd016801
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BARRE & COMPANY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02204 MORRIS AVE STE 206
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0UNION
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0070835914
ReturnHeader/PreparerPersonGrp/PhoneNum09086863484

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,712,632
Liabilities
$5,287,384
Net assets
$1,425,248
Revenue
$210,034
Expenses
$41,602
Net income
$168,432
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$10.5$4.04$6.43$1.05$0.01$1.04
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.2$4.81$5.39$0.79$0.01$0.77
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.83$5.22$4.61$0.67$0.01$0.66
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.02$5.06$3.96$0.59$0.01$0.58
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.11$3.74$3.37$0.81$0.01$0.80
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.51$3.94$2.57$0.55$0.02$0.53
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.27$4.29$1.98$0.36$0.00$0.36
2016Detailed filing. Detailed filing data is available for this year.$6.71$5.29$1.43$0.21$0.04$0.17
2016Summary only. Only limited summary data is available for this year.$6.71$5.29$1.43$0.21$0.04$0.17
2015Detailed filing. Detailed filing data is available for this year.$4.14$2.88$1.26$0.40$0.01$0.38
2014Summary only. Only limited summary data is available for this year.$4.05$3.17$0.87$0.39$0.00$0.38
2013Detailed filing. Detailed filing data is available for this year.$4.10$3.48$0.62$0.19$0.05$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.12$3.64$0.47$0.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.44$2.95$0.49$0.05