Civic Intelligence

Dreams for Kids Foundation

990 • Fiscal year 2014 • EIN 27-2969054

Jan 01, 2014 to Dec 31, 2014 • Filed on Jun 27, 2015

Organization ProfileWWW.DREAMSFORKIDS.ORG
820 W Jackson BlvdRoom/Suite 805Chicago, IL 60607

(312) 559-8444

Siviq Scores

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

Liabilities / Assets

79th percentile

0.14x

Higher debt load relative to assets than 79% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

79th percentile

0.07x

Higher debt load relative to revenue than 79% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

15th percentile

-20%

Higher net margin than 15% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

91st percentile

$47,271

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 73.1% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

13th percentile

-34%

Faster asset growth than 13% of similar nonprofits.

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

Revenue Growth

4th percentile

-73%

Faster revenue growth than 4% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets79th percentile

Assets

Down

$33,908

Down $17,744 (-34%) from 2013

Net Assets

Down

$29,158

Down $12,901 (-31%) from 2013

Liabilities

Down

$4,750

Down $4,843 (-50%) from 2013

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin15th percentile

Revenue

Down

$64,670

Down $175,916 (-73%) from 2013

Expenses

Down

$77,571

Down $122,252 (-61%) from 2013

Net Income

Down

-$12,901

Down $53,664 (-132%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth13th percentile

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

$60K$40K$20K$0Assets 2012: $1,296Liabilities 2012: $0Net Assets 2012: $1,2962012Assets 2013: $51,652Liabilities 2013: $9,593Net Assets 2013: $42,0592013Assets 2014: $33,908Liabilities 2014: $4,750Net Assets 2014: $29,1582014Assets 2015: $34,988Liabilities 2015: $15,357Net Assets 2015: $19,6312015Assets 2016: $25,038Liabilities 2016: $15,014Net Assets 2016: $10,0242016Assets 2017: $24,890Liabilities 2017: $9,675Net Assets 2017: $15,2152017Assets 2018: $21,805Liabilities 2018: $11,683Net Assets 2018: $10,1222018Assets 2019: $20,911Liabilities 2019: $12,655Net Assets 2019: $8,2562019Assets 2020: $5,567Net Assets 2020: $5,5672020Assets 2021: $0Net Assets 2021: $02021

Highlighted filing

2014

Assets$33,908
Liabilities$4,750
Net Assets$29,158
Open 2014 Filing

Operations Trend

Revenue Growth4th percentile

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

$300K$200K$100K$0-$100KExpenses 2012: $67,6982012Revenue 2013: $240,586Expenses 2013: $199,823Net Income 2013: $40,7632013Revenue 2014: $64,670Expenses 2014: $77,571Net Income 2014: -$12,9012014Revenue 2015: $107,795Expenses 2015: $117,322Net Income 2015: -$9,5272015Revenue 2016: $105,877Expenses 2016: $115,483Net Income 2016: -$9,6062016Revenue 2017: $133,034Expenses 2017: $127,841Net Income 2017: $5,1932017Revenue 2018: $125,129Expenses 2018: $130,222Net Income 2018: -$5,0932018Revenue 2019: $101,274Expenses 2019: $103,140Net Income 2019: -$1,8662019Revenue 2020: $40,163Expenses 2020: $42,871Net Income 2020: -$2,7082020Expenses 2021: $8,2752021

Highlighted filing

2014

Revenue$64,670
Expenses$77,571
Net Income-$12,901
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jun 27, 2015
Return Version
2014v5.0
Gross Receipts
$132,039
Mission and Program Overview

Mission

The purpose of the dreams for kids foundation is to build collaborative partnerships that produce significant measurable outcomes for a wide range of critical social issues

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$12,651$19,819▲ $7,168
Intangible Assets$9,944$9,278▼ $666
Cash and Non-Interest-Bearing Accounts$27,973$4,811▼ $23,162
Other Notes and Loans Receivable, Net$1,084--
Total Assets$51,652$33,908▼ $17,744
Liabilities
Other Liabilities$9,000$4,750▼ $4,250
Accounts Payable and Accrued Expenses$593--
Total Liabilities$9,593$4,750▼ $4,843
Net Assets / Fund Balance
Unrestricted Net Assets$42,059$29,158▼ $12,901
Total Net Assets Fund Balance$42,059$29,158▼ $12,901
Total Liabilities and Net Assets / Fund Balance$51,652$33,908▼ $17,744

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$16,201$424$16,625
Equipment$3,618$7,298$10,916
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Thomas TuohyDirectorPT$41,384$5,887$47,271
Mishele GonschDirectorPT$3,722-$3,722

Board Members and Trustees

NameTitle
John CarterDirector
Josh DecaturDirector
Nick LagattutaDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$51,114
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$13,556
Change in Net Assets
$-12,901
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$55,284
Other Expenses$22,037
Total Fundraising Expense$2,383
Grants and Similar Amounts Paid$250
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$41,384$3,722-$45,106
Office Expenses$9,906$2,476$2,383$14,765
Other Employee Benefits$5,887--$5,887
Payroll Taxes$4,096--$4,096
Payment Travel Entrtnmnt Publicly Ofcl$1,860--$1,860
Depreciation Depletion$1,628--$1,628
Other Expenses$1,000--$1,000
Fees for Services Legal$917--$917
Fees for Services Other$452$453-$905
Fees for Services Accounting$573--$573
Grants to Domestic Orgs$250--$250
Insurance$236--$236
Other Salaries and Wages$195--$195
Travel$153--$153
Total Functional Expenses$68,537$6,651$2,383$77,571
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
Security Deposits$4,750
Note Payable-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
Yes
Other officer compensation reviewed
Yes
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, Page 6, Part VI, Line 11B

“The board of directors reviews all required filings prior to filing with the required regulatory agiency”

Form 990, Page 6, Part VI, Line 15A

“The board of directors approves the compensation of all employees”

Form 990, Page 6, Part VI, Line 15B

“The board of directors appproves the compensation of all employees”

Form 990, Page 6, Part VI, Line 19

“Copies of the annual federal and illinois reports are availabe on the website of an associated charity, dreams for kids, inc.”

Filing and Contact Details

Filer

Filer Name
Dreams for Kids Foundation
EIN
27-2969054
Phone
3125598444
Address
820 W JACKSON BLVD, ROOM/SUITE 805, CHICAGO, IL 60607

Signing Officer

Name
Thomas Tuohy
Title
Director
Phone
3125598444
Signed
2015-06-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Tuohy
Formed
2010
Legal Domicile
Il
Voting Board Members
5
Independent Board Members
5
Employees
3

Preparer

Firm
FERRENTINO & KROLL CPA'S LLC
Address
1 NORTHFIELD PLAZA STE 455, NORTHFIELD, IL 60093-1272
Preparer
John L Ferrentino CPA
Phone
8474467400
Supplemental Narrative

Additional Explanations

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

“The dreams for kids foundation is a financial resource to the the holiday for hope, extreme recess, dream leaders, legacy and other programs offered through the dreams for kids, inc. Organization (a public charity). The funds raised by the dreams for kids foundation are used in conjunction with the charitable community at large to empower youth who live in poverty and those with disabilities.”

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE DREAMS FOR KIDS FOUNDATION IS A FINANCIAL RESOURCE TO THE THE HOLIDAY FOR HOPE, EXTREME RECESS, DREAM LEADERS, LEGACY AND OTHER PROGRAMS OFFERED THROUGH THE DREAMS FOR KIDS, INC. ORGANIZATION (A PUBLIC CHARITY). THE FUNDS RAISED BY THE DREAMS FOR KIDS FOUNDATION ARE USED IN CONJUNCTION WITH THE CHARITABLE COMMUNITY AT LARGE TO EMPOWER YOUTH WHO LIVE IN POVERTY AND THOSE WITH DISABILITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS REVIEWS ALL REQUIRED FILINGS PRIOR TO FILING WITH THE REQUIRED REGULATORY AGIENCY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS APPROVES THE COMPENSATION OF ALL EMPLOYEES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS APPPROVES THE COMPENSATION OF ALL EMPLOYEES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COPIES OF THE ANNUAL FEDERAL AND ILLINOIS REPORTS ARE AVAILABE ON THE WEBSITE OF AN ASSOCIATED CHARITY, DREAMS FOR KIDS, INC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt051652
IRS990/TotalAssetsEOYAmt033908
IRS990/TotalAssetsGrp/BOYAmt051652
IRS990/TotalAssetsGrp/EOYAmt033908
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt051114
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt02383
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt06651
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt068537
IRS990/TotalFunctionalExpensesGrp/TotalAmt077571
IRS990/TotalGrossUBIAmt02367
IRS990/TotalLiabilitiesBOYAmt09593
IRS990/TotalLiabilitiesEOYAmt04750
IRS990/TotalLiabilitiesGrp/BOYAmt09593
IRS990/TotalLiabilitiesGrp/EOYAmt04750
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt042059
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt029158
IRS990/TotalOtherCompensationAmt05887
IRS990/TotalProgramServiceExpensesAmt068537
IRS990/TotalReportableCompFromOrgAmt045106
IRS990/TotalRevenueGrp/ExclusionAmt011189
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt064670
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt02367
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt051652
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt033908
IRS990/TravelGrp/ProgramServicesAmt0153
IRS990/TravelGrp/TotalAmt0153
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UnrestrictedNetAssetsGrp/BOYAmt042059
IRS990/UnrestrictedNetAssetsGrp/EOYAmt029158
IRS990/USAddress/AddressLine1Txt0820 W JACKSON BLVD
IRS990/USAddress/CityNm0CHICAGO
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060607
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.DREAMSFORKIDS.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0THOMAS TUOHY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03125598444
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-06-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DREAMS FOR KIDS FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0DREA
ReturnHeader/Filer/EIN0272969054
ReturnHeader/Filer/PhoneNum03125598444
ReturnHeader/Filer/USAddress/AddressLine1Txt0820 W JACKSON BLVD
ReturnHeader/Filer/USAddress/AddressLine2Txt0ROOM/SUITE 805
ReturnHeader/Filer/USAddress/CityNm0CHICAGO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060607
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0364068842
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FERRENTINO & KROLL CPA'S LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01 NORTHFIELD PLAZA STE 455
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NORTHFIELD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0600931272
ReturnHeader/PreparerPersonGrp/PhoneNum08474467400
ReturnHeader/PreparerPersonGrp/PreparationDt02015-07-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN L FERRENTINO CPA
ReturnHeader/ReturnTs02015-07-10T11:39:36-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$33,908
Liabilities
$4,750
Net assets
$29,158
Revenue
$64,670
Expenses
$77,571
Net income
-$12,901
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.08
2020Detailed filing. Detailed filing data is available for this year.$0.06$0.06$0.40$0.43$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.21$0.13$0.08$1.01$1.03$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.22$0.12$0.10$1.25$1.30$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.25$0.10$0.15$1.33$1.28$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.25$0.15$0.10$1.06$1.15$0.10
2015Detailed filing. Detailed filing data is available for this year.$0.35$0.15$0.20$1.08$1.17$0.10
2014Detailed filing. Detailed filing data is available for this year.$0.34$0.05$0.29$0.65$0.78$0.13
2013Detailed filing. Detailed filing data is available for this year.$0.52$0.10$0.42$2.41$2.00$0.41
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.01$0.00$0.01$0.68