Civic Intelligence

Dreams for Kids Foundation

990EZ • Fiscal year 2019 • EIN 27-2969054

Jan 01, 2019 to Dec 31, 2019 • Filed on Aug 29, 2020

820 W Jackson Blvd Rm/Ste 805Chicago, IL 60607

(312) 559-8444

Siviq Scores

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

Liabilities / Assets

91st percentile

0.61x

Higher debt load relative to assets than 91% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

84th percentile

0.12x

Higher debt load relative to revenue than 84% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

36th percentile

-1.8%

Higher net margin than 36% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

37th percentile

-4.1%

Faster asset growth than 37% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

25th percentile

-19%

Faster revenue growth than 25% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$20,911

Down $894 (-4.1%) from 2018

Net Assets

Down

$8,256

Down $1,866 (-18%) from 2018

Liabilities

Up

$12,655

Up $972 (+8.3%) from 2018

Revenue

Down

$101,274

Down $23,855 (-19%) from 2018

Expenses

Down

$103,140

Down $27,082 (-21%) from 2018

Net Income

Up

-$1,866

Up $3,227 (+63%) from 2018

Historical Trend

Balance Sheet Trend

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

2019

Assets$20,911
Liabilities$12,655
Net Assets$8,256

Operations Trend

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

2019

Revenue$101,274
Expenses$103,140
Net Income-$1,866
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Aug 29, 2020
Return Version
2019v5.0
Gross Receipts
$101,274
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

Program Services

DescriptionGrantsExpenses
THE DREAMS FOR KIDS FOUNDATION IS A FINANCIAL RESOURCE TO THE THE HOLIDAY FOR HOPE, EXTREME RECESS, YES, PATRICIA TUOHY SCHOLARSHIP FUND 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.-$13
THE DREAMS FOR KIDS FOUNDATION PROVIDES PRO BONO AND OTHER SUPPORT TO CHARITABLE ORGANIZATIONS AND COMMUNITY ORGANIZATIONS AND INDIVIDUALS THAT SUPPORT YOUTH INITATIVES AND OTHER CHARITABLE AND SOCIAL ENTERPRISE OBJECTIVES THAT ADVANCES YOUTH SOCIAL ISSUES AND IMPACT.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
THOMAS TUOHYDirector-$0--
JOSH DECATURDirector-$0--
MISHELE GONSCHDirector-$0--
HEATHER MIXDirector-$0--
KATHLEEN TUOHYDirector-$0--
Filing and Contact Details

Filer

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

Signing Officer

Name
Thomas Tuohy
Title
Director
Phone
3125598444
Signed
2020-08-29
Discuss with paid preparer
Yes

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-ez, Part I, Line 16

Rental income legal fees 150 non-investment depreciation 425 repairs 1,448 utilities 3,694 rent payments 83,140 supplies exp 2,390 telephone 3,798 bank fees 261 office expense 5,320 miscellaneous 500 amortization 667 expenses bank charges 950 publications 25 non-investment depreciation 372 total 103,140

Form 990-ez, Part II, Line 24

Computer equipment 2,388 2,388 less accumulated depreciation 2,388 2,388 furniture & fixtures 8,528 8,528 less accumulated depreciation 7,830 8,202 lhi 16,625 16,625 less accumulated depreciation 2,129 2,556 lease acquisition costs 10,000 10,000 less accumulated amortization 3,389 4,056 total 21,805 20,339

Form 990-ez, Part II, Line 26

Note payable 990 1,390 security deposits 4,750 4,750 loan payable 3,375 3,375 cash overdraft advance 2,568 0 twt 0 3,140

Form 990-ez, Part III

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

Form 990-ez, Part III, Line 28

The dreams for kids foundation is a financial resource to the the holiday for hope, extreme recess, yes, patricia tuohy scholarship fund 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.

Form 990-ez, Part III, Line 31

The dreams for kids foundation provides pro bono and other support to charitable organizations and community organizations and individuals that support youth initatives and other charitable and social enterprise objectives that advances youth social issues and impact.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RENTAL INCOME LEGAL FEES 150 NON-INVESTMENT DEPRECIATION 425 REPAIRS 1,448 UTILITIES 3,694 RENT PAYMENTS 83,140 SUPPLIES EXP 2,390 TELEPHONE 3,798 BANK FEES 261 OFFICE EXPENSE 5,320 MISCELLANEOUS 500 AMORTIZATION 667 EXPENSES BANK CHARGES 950 PUBLICATIONS 25 NON-INVESTMENT DEPRECIATION 372 TOTAL 103,140
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COMPUTER EQUIPMENT 2,388 2,388 LESS ACCUMULATED DEPRECIATION 2,388 2,388 FURNITURE & FIXTURES 8,528 8,528 LESS ACCUMULATED DEPRECIATION 7,830 8,202 LHI 16,625 16,625 LESS ACCUMULATED DEPRECIATION 2,129 2,556 LEASE ACQUISITION COSTS 10,000 10,000 LESS ACCUMULATED AMORTIZATION 3,389 4,056 TOTAL 21,805 20,339
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NOTE PAYABLE 990 1,390 SECURITY DEPOSITS 4,750 4,750 LOAN PAYABLE 3,375 3,375 CASH OVERDRAFT ADVANCE 2,568 0 TWT 0 3,140
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE DREAMS FOR KIDS FOUNDATION IS A FINANCIAL RESOURCE TO THE THE HOLIDAY FOR HOPE, EXTREME RECESS, YES, PATRICIA TUOHY SCHOLARSHIP FUND 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/ExplanationTxt5THE DREAMS FOR KIDS FOUNDATION PROVIDES PRO BONO AND OTHER SUPPORT TO CHARITABLE ORGANIZATIONS AND COMMUNITY ORGANIZATIONS AND INDIVIDUALS THAT SUPPORT YOUTH INITATIVES AND OTHER CHARITABLE AND SOCIAL ENTERPRISE OBJECTIVES THAT ADVANCES YOUTH SOCIAL ISSUES AND IMPACT.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 28
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III, LINE 31
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