Civic Intelligence

Dream Bikes Inc.

990 • Fiscal year 2017 • EIN 26-0596151

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 15, 2018

801 West Madison StreetWaterloo, WI 53594

(608) 467-6315

Siviq Scores

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

Liabilities / Assets

71st percentile

0.31x

Higher debt load relative to assets than 71% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

62nd percentile

0.18x

Higher debt load relative to revenue than 62% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

8th percentile

-37%

Higher net margin than 8% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

3rd percentile

-36%

Faster asset growth than 3% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

93rd percentile

104%

Faster revenue growth than 93% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$291,353

Down $165,460 (-36%) from 2016

Net Assets

Down

$202,374

Down $180,188 (-47%) from 2016

Liabilities

Up

$88,979

Up $14,728 (+20%) from 2016

Revenue

Up

$484,426

Up $246,949 (+104%) from 2016

Expenses

Up

$664,614

Up $350,354 (+111%) from 2016

Net Income

Down

-$180,188

Down $103,405 (-135%) from 2016

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $153,502Liabilities 2011: $35,856Net Assets 2011: $117,6462011Assets 2012: $259,203Liabilities 2012: $91,558Net Assets 2012: $167,6452012Assets 2013: $336,732Liabilities 2013: $42,561Net Assets 2013: $294,1712013Assets 2014: $420,173Liabilities 2014: $10,041Net Assets 2014: $410,1322014Assets 2015: $459,556Liabilities 2015: $211Net Assets 2015: $459,3452015Assets 2016: $456,813Liabilities 2016: $74,251Net Assets 2016: $382,5622016Assets 2017: $291,353Liabilities 2017: $88,979Net Assets 2017: $202,3742017Assets 2018: $217,960Liabilities 2018: $153,398Net Assets 2018: $64,5622018Assets 2019: $242,672Liabilities 2019: $81,660Net Assets 2019: $161,0122019Assets 2020: $293,676Liabilities 2020: $81,731Net Assets 2020: $211,9452020Assets 2021: $385,622Liabilities 2021: $23,798Net Assets 2021: $361,8242021Assets 2022: $231,311Liabilities 2022: $18,566Net Assets 2022: $212,7452022Assets 2023: $178,647Liabilities 2023: $16,493Net Assets 2023: $162,1542023Assets 2024: $157,616Liabilities 2024: $14,786Net Assets 2024: $142,8302024

Highlighted filing

2017

Assets$291,353
Liabilities$88,979
Net Assets$202,374

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2011: $393,3332011Expenses 2012: $436,8952012Revenue 2013: $617,700Expenses 2013: $491,174Net Income 2013: $126,5262013Revenue 2014: $583,438Expenses 2014: $467,477Net Income 2014: $115,9612014Revenue 2015: $760,843Expenses 2015: $711,630Net Income 2015: $49,2132015Revenue 2016: $237,477Expenses 2016: $314,260Net Income 2016: -$76,7832016Revenue 2017: $484,426Expenses 2017: $664,614Net Income 2017: -$180,1882017Revenue 2018: $601,953Expenses 2018: $739,765Net Income 2018: -$137,8122018Revenue 2019: $678,809Expenses 2019: $582,359Net Income 2019: $96,4502019Revenue 2020: $638,490Expenses 2020: $587,557Net Income 2020: $50,9332020Revenue 2021: $462,929Expenses 2021: $295,009Net Income 2021: $167,9202021Revenue 2022: $208,173Expenses 2022: $361,231Net Income 2022: -$153,0582022Revenue 2023: $304,239Expenses 2023: $354,833Net Income 2023: -$50,5942023Revenue 2024: $320,734Expenses 2024: $340,058Net Income 2024: -$19,3242024

Highlighted filing

2017

Revenue$484,426
Expenses$664,614
Net Income-$180,188
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 15, 2018
Return Version
2017v2.3
Gross Receipts
$1,432,774
Mission and Program Overview

Mission

Dream bike inc.'s mission is to provide training and employment opportunities for underprivileged and minority youth, to provide assistance to underprivileged children and youth, and to use bicycles as a way to have a positive impact on low income troubled communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$382,562$202,374▼ $180,188
Cash and Non-Interest-Bearing Accounts$302,046$98,646▼ $203,400
Land, Buildings, and Equipment, Net$91,093$78,426▼ $12,667
Inventories for Sale or Use$24,379$64,796▲ $40,417
Prepaid Expenses and Deferred Charges$2,267$7,376▲ $5,109
Accounts Receivable$1,808$5,389▲ $3,581
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$456,813$291,353▼ $165,460
Other Assets Total$35,220$36,720▲ $1,500
Liabilities
Accounts Payable and Accrued Expenses$66,583$68,946▲ $2,363
Other Liabilities$7,668$20,033▲ $12,365
Total Liabilities$74,251$88,979▲ $14,728
Net Assets / Fund Balance
Total Net Assets Fund Balance$382,562$202,374▼ $180,188
Total Liabilities and Net Assets / Fund Balance$456,813$291,353▼ $165,460

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$41,653$96,492$138,145
Leasehold Improvements$36,773$38,876$75,649
Other Assets Org$36,720--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mark JoslynPresident, Director
Casey FitzrandolphDirector
Chris FortuneDirector
Adam KostichkaExecutive Director
Robert B BurnsSecretary, Director
Maggie EllisonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$564,789
Program Service Revenue
$0
Investment Income
$2
Other Revenue
$-80,365
All Other Contributions
$564,789
Change in Net Assets
$-180,188

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table4,325$324,373Fair Market Value
Total Noncash Contributions4,325$324,373-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$564,029
Salaries, Compensation, and Employee Benefits$99,085
Grants and Similar Amounts Paid$1,500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$293,522--$293,522
Payroll Taxes$99,085--$99,085
Fees for Services Accounting-$65,668-$65,668
Insurance$61,206--$61,206
Depreciation Depletion$31,307$1,714-$33,021
Travel$27,512--$27,512
Office Expenses$14,768$5,568-$20,336
Fees for Services Other-$15,197-$15,197
Other Expenses$6,850$12,295-$6,850
Advertising$5,409--$5,409
All Other Expenses$2,798$1,693-$4,491
Grants to Domestic Individuals$1,500--$1,500
Interest-$339-$339
Total Functional Expenses$562,140$102,474$0$664,614
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Cards Payable$10,392
Deposits$7,536
Payroll Liabilities$2,105
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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

Robert burns and mark joslyn have business relationship.

Form 990, Part VI, Section A, Line 8B

The organization does not have committees that act on behalf of the board of directors.

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

The form 990 will be reviewed by the president of the board of directors before it is filed.

Form 990, Part VI, Section C, Line 19

The organization makes these documents available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Dream Bikes Inc
EIN
26-0596151
Phone
6084676315
Address
801 WEST MADISON STREET, WATERLOO, WI 53594

Signing Officer

Name
Mark Joslyn
Title
President
Phone
6084676315
Signed
2018-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Joslyn
Formed
2007
Legal Domicile
Wi
Voting Board Members
4
Independent Board Members
4
Employees
74
Volunteers
53

Preparer

Firm
Rsm US Llp
Address
PO BOX 5946, MADISON, WI 53705-0946
Preparer
Chris Rosborough
Phone
6088332612
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt020
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt016
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt08
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt066
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0867983
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0554827
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0505785
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0499713
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0446851
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02875159
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt02
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt020
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt020
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt016
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt08
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt066
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt06888
IRS990ScheduleA/OtherIncome509Grp/TotalAmt06888
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.92920
IRS990ScheduleA/PublicSupportPY509Pct00.93670
IRS990ScheduleA/PublicSupportTotal509Amt03882552
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0163281
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt045000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt020000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt060500
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0288781
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01432774
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0776722
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0760823
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0583422
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0617592
IRS990ScheduleA/Total509Grp/TotalAmt04171333
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01432776
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0783630
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0760843
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0583438
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0617600
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04178287
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt041653
IRS990ScheduleD/EquipmentGrp/DepreciationAmt096492
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0138145
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt036773
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt038876
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt075649
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt036720
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0LEASE DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07536
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12105
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt210392
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2CREDIT CARDS PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt078426
IRS990ScheduleD/TotalBookValueOtherAssetsAmt036720
IRS990ScheduleD/TotalLiabilityAmt020033
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt04325
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0BICYCLES
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FAIR MARKET VALUE
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0324373
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ROBERT BURNS AND MARK JOSLYN HAVE BUSINESS RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT HAVE COMMITTEES THAT ACT ON BEHALF OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 WILL BE REVIEWED BY THE PRESIDENT OF THE BOARD OF DIRECTORS BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES THESE DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0WI
IRS990/StatesWhereCopyOfReturnIsFldCd1NY
IRS990/StatesWhereCopyOfReturnIsFldCd2IL
IRS990/StatesWhereCopyOfReturnIsFldCd3TN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0456813
IRS990/TotalAssetsEOYAmt0291353
IRS990/TotalAssetsGrp/BOYAmt0456813
IRS990/TotalAssetsGrp/EOYAmt0291353
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0564789
IRS990/TotalEmployeeCnt074
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0102474
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0562140
IRS990/TotalFunctionalExpensesGrp/TotalAmt0664614
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt074251
IRS990/TotalLiabilitiesEOYAmt088979
IRS990/TotalLiabilitiesGrp/BOYAmt074251
IRS990/TotalLiabilitiesGrp/EOYAmt088979
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0382562
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0202374
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0562140
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt02
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-80365
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0484426
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt053
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0456813
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0291353
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt027512
IRS990/TravelGrp/TotalAmt027512
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0801 W MADISON ST
IRS990/USAddress/CityNm0WATERLOO
IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd053594
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0HTTP://DREAM-BIKES.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MARK JOSLYN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06084676315
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DREAM BIKES INC
ReturnHeader/Filer/BusinessNameControlTxt0DREA
ReturnHeader/Filer/EIN0260596151

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.58$0.15$1.43$3.21$3.40$0.19
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.79$0.16$1.62$3.04$3.55$0.51
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.31$0.19$2.13$2.08$3.61$1.53
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.86$0.24$3.62$4.63$2.95$1.68
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.94$0.82$2.12$6.38$5.88$0.51
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.43$0.82$1.61$6.79$5.82$0.96
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.18$1.53$0.65$6.02$7.40$1.38
2017Detailed filing. Detailed filing data is available for this year.$2.91$0.89$2.02$4.84$6.65$1.80
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.57$0.74$3.83$2.37$3.14$0.77
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.60$0.00$4.59$7.61$7.12$0.49
2014Detailed filing. Detailed filing data is available for this year.$4.20$0.10$4.10$5.83$4.67$1.16
2013Detailed filing. Detailed filing data is available for this year.$3.37$0.43$2.94$6.18$4.91$1.27
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.59$0.92$1.68$4.37
2011XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.54$0.36$1.18$3.93