Civic Intelligence

Operation Dream Inc

990 • Fiscal year 2014 • EIN 26-1455938

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 30, 2015

1521 N Rivercenter DriveMilwaukee, WI 53212

(414) 232-0048

Siviq Scores

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

Liabilities / Assets

58th percentile

0.09x

Higher debt load relative to assets than 58% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

46th percentile

0.03x

Higher debt load relative to revenue than 46% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

61st percentile

7.6%

Higher net margin than 61% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

47th percentile

$0

Higher top officer pay than 47% of similar nonprofits.

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

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

84th percentile

31%

Faster asset growth than 84% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

74th percentile

23%

Faster revenue growth than 74% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Assets

Up

$241,886

Up $56,847 (+31%) from 2013

Net Assets

Up

$219,124

Up $52,802 (+32%) from 2013

Liabilities

Up

$22,762

Up $4,045 (+22%) from 2013

Revenue

Up

$696,005

Up $130,361 (+23%) from 2013

Expenses

Up

$643,203

Up $152,131 (+31%) from 2013

Net Income

Down

$52,802

Down $21,770 (-29%) from 2013

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2012: $97,580Liabilities 2012: $5,830Net Assets 2012: $91,7502012Assets 2013: $185,039Liabilities 2013: $18,717Net Assets 2013: $166,3222013Assets 2014: $241,886Liabilities 2014: $22,762Net Assets 2014: $219,1242014Assets 2015: $474,360Liabilities 2015: $20,467Net Assets 2015: $453,8932015Assets 2016: $658,425Liabilities 2016: $71,980Net Assets 2016: $586,4452016Assets 2017: $311,374Liabilities 2017: $50,124Net Assets 2017: $261,2502017Assets 2018: $430,048Liabilities 2018: $94,820Net Assets 2018: $335,2282018Assets 2019: $303,989Liabilities 2019: $25,963Net Assets 2019: $278,0262019Assets 2020: $334,892Liabilities 2020: $88,687Net Assets 2020: $246,2052020Assets 2021: $701,775Liabilities 2021: $22,695Net Assets 2021: $679,0802021Assets 2022: $504,115Liabilities 2022: $20,468Net Assets 2022: $483,6472022Assets 2023: $46,114Liabilities 2023: $21,660Net Assets 2023: $24,4542023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2014

Assets$241,886
Liabilities$22,762
Net Assets$219,124

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2012: $283,1222012Revenue 2013: $565,644Expenses 2013: $491,072Net Income 2013: $74,5722013Revenue 2014: $696,005Expenses 2014: $643,203Net Income 2014: $52,8022014Revenue 2015: $1,007,939Expenses 2015: $773,170Net Income 2015: $234,7692015Revenue 2016: $1,151,772Expenses 2016: $1,019,220Net Income 2016: $132,5522016Revenue 2017: $698,519Expenses 2017: $1,009,008Net Income 2017: -$310,4892017Revenue 2018: $907,533Expenses 2018: $833,555Net Income 2018: $73,9782018Revenue 2019: $635,040Expenses 2019: $692,242Net Income 2019: -$57,2022019Revenue 2020: $509,111Expenses 2020: $528,282Net Income 2020: -$19,1712020Revenue 2021: $786,244Expenses 2021: $480,270Net Income 2021: $305,9742021Revenue 2022: $380,578Expenses 2022: $576,011Net Income 2022: -$195,4332022Revenue 2023: $53,540Expenses 2023: $512,733Net Income 2023: -$459,1932023Revenue 2024: $0Expenses 2024: $24,454Net Income 2024: -$24,4542024

Highlighted filing

2014

Revenue$696,005
Expenses$643,203
Net Income$52,802
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 30, 2015
Return Version
2014v5.0
Gross Receipts
$710,549
Mission and Program Overview

Mission

Operation dream provides holistic support and developmental opportunities for boys and young men ages 4 to 19 and their families who live in low income neighborhoods in milwaukee. Mentoring by successful individuals from the same communities helps them survive and thrive by instilling the grit, determination and resilience needed to overcome circumstances beyond their control.

Mentoring 4-17 year old at risk boys

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$118,587$115,024▼ $3,563
Pledges and Grants Receivable$32,000$80,000▲ $48,000
Land, Buildings, and Equipment, Net$27,809$38,960▲ $11,151
Prepaid Expenses and Deferred Charges$6,202$7,902▲ $1,700
Accounts Receivable$441--
Total Assets$185,039$241,886▲ $56,847
Liabilities
Accounts Payable and Accrued Expenses$493$20,118▲ $19,625
Unsecured Notes Loans Payable$15,000--
Other Liabilities$3,224$2,644▼ $580
Total Liabilities$18,717$22,762▲ $4,045
Net Assets / Fund Balance
Unrestricted Net Assets$134,322$159,124▲ $24,802
Temporarily Rstr Net Assets$32,000$60,000▲ $28,000
Total Net Assets Fund Balance$166,322$219,124▲ $52,802
Total Liabilities and Net Assets / Fund Balance$185,039$241,886▲ $56,847
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$645,550
Program Service Revenue
$0
Investment Income
$-3,369
Other Revenue
$53,824
All Other Contributions
$645,550
Change in Net Assets
$52,802

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 Amount
Other Non Cash Contri Table1$44,000
Clothing and Household Goods-$34,625
Total Noncash Contributions1$78,625
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$312,374
Other Expenses$312,206
Total Fundraising Expense$73,556
Professional Fundraising Fees$18,623
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$175,924$32,696$32,696$241,316
Current Officers, Directors, Trustees, and Key Employees$40,396$16,564$14,098$71,058
Occupancy$56,800$3,839$3,893$64,532
Fees for Services Management$40,608$11,024-$51,632
Fees for Services Professional Fundraising--$18,623$18,623
Insurance$15,151$888$888$16,927
Office Expenses$10,419$679$1,318$12,416
Depreciation Depletion$7,922$596-$8,518
Fees for Services Accounting-$7,599-$7,599
Advertising$2,383$905$905$4,193
Other Expenses$2,027$65$45$2,137
Travel$1,075--$1,075
Interest$95--$95
Total Functional Expenses$493,491$76,156$73,556$643,203
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$62,180
Professional Fundraising Fees$18,623
Fundraising Direct Expenses$11,169

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fund Raising Ev$62,180$62,180$11,169$51,011
Total Events$62,180$62,180$11,169$51,011
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Payroll$2,644
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
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Wendy yanow james miller secretary director employee

Form 990, Page 6, Part VI, Line 3

Some program management and office management is delegated to dan parman, an outside consultant

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

Our governing documents, financial statements, and form 990 were provided to any donors or prospective donor upon request.

Filing and Contact Details

Filer

Filer Name
Operation Dream Inc
EIN
26-1455938
Phone
4142320048
Address
1521 N RIVERCENTER DRIVE, MILWAUKEE, WI 53212

Signing Officer

Name
Adam Witkov
Title
President
Phone
4142320048
Signed
2015-11-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rodney Bourrage
Formed
2007
Legal Domicile
Wi
Voting Board Members
15
Independent Board Members
15
Employees
53
Volunteers
175

Preparer

Firm
Andaloro Smith & Krueger Llp
Address
N19 W24400 RIVERWOOD DR SUITE 200, WAUKESHA, WI 53188
Preparer
Michael a Andaloro
Phone
2625442000
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Specifically focussing on the academic needs of the students, starting with base line testing, initiating a comprehensive academic program and establishing individual educational plans for each child. Theater work shop

Form 990, Part XI, Line 9

PRIOR YEAR ADJUSTMENT 0

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IRS990/ProgSrvcAccomActy2Grp/Desc0OPERATION WORK (FORMERLY LEARNING TO DREAM) - AN INCENTIVE BASED PROGRAM TEACHING YOUNG MEN THE BASICS OF WORK, EMPLOYMENT, AND SELF SUFFICIENCY. SERVING 30 YOUNG MEN.
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IRS990/ProgSrvcAccomActy3Grp/Desc0SUMMER PROGRAM - PROVIDING MENTORING THROUGH OUTDOOR ACTIVITIES AND COLLEGE TOURS. SERVING 105 BOYS AND YOUNG MEN.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SPECIFICALLY FOCUSSING ON THE ACADEMIC NEEDS OF THE STUDENTS, STARTING WITH BASE LINE TESTING, INITIATING A COMPREHENSIVE ACADEMIC PROGRAM AND ESTABLISHING INDIVIDUAL EDUCATIONAL PLANS FOR EACH CHILD. THEATER WORK SHOP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WENDY YANOW JAMES MILLER SECRETARY DIRECTOR EMPLOYEE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SOME PROGRAM MANAGEMENT AND OFFICE MANAGEMENT IS DELEGATED TO DAN PARMAN, AN OUTSIDE CONSULTANT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OUR GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND FORM 990 WERE PROVIDED TO ANY DONORS OR PROSPECTIVE DONOR UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PRIOR YEAR ADJUSTMENT 0
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