Civic Intelligence

The Dream Inc

EIN 30-1295205 • 501(c)3 • Hackensasck, NJ

Profile

To advance educational opportunities and community development initiatives in underprivileged areas across the globe. The goal is to foster inclusive and equitable communities by empowering individuals through education, community development and health and medical services.

466 Hackensack Avenue Suite 1026Hackensasck, NJ 07601

thedreaminc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

89th percentile

0.56x

Higher debt load relative to assets than 89% of similar nonprofits.

NTEE X99 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

84th percentile

0.07x

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

NTEE X99 • <$500k nonprofits • Source year 2024

Net Margin

8th percentile

-49%

Higher net margin than 8% of similar nonprofits.

NTEE X99 • <$500k nonprofits • Source year 2024

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

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

NTEE X99 • <$500k nonprofits • Source year 2024

Asset Growth

5th percentile

-79%

Faster asset growth than 5% of similar nonprofits.

NTEE X99 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

20th percentile

-47%

Faster revenue growth than 20% of similar nonprofits.

NTEE X99 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$6,010

Down $22,082 (-79%) from 2023

Liabilities

Up

$3,368

Up $3,368 from 2023

Net Assets

Down

$2,642

Down $25,450 (-91%) from 2023

Revenue

Down

$47,240

Down $41,815 (-47%) from 2023

Expenses

Up

$70,185

Up $9,222 (+15%) from 2023

Net Income

Down

-$22,945

Down $51,037 (-182%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30K$20K$10K$0Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022Assets 2023: $28,092Liabilities 2023: $0Net Assets 2023: $28,0922023Assets 2024: $6,010Liabilities 2024: $3,368Net Assets 2024: $2,6422024

Highlighted filing

2024

Assets$6,010
Liabilities$3,368
Net Assets$2,642

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0-$50KRevenue 2022: $0Expenses 2022: $0Net Income 2022: $02022Revenue 2023: $89,055Expenses 2023: $60,963Net Income 2023: $28,0922023Revenue 2024: $47,240Expenses 2024: $70,185Net Income 2024: -$22,9452024

Highlighted filing

2024

Revenue$47,240
Expenses$70,185
Net Income-$22,945

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 30, 2025
Return Version
2024v5.0
Gross Receipts
$47,240
Mission and Program Overview

Mission

To advance educational opportunities and community development initiatives in underprivileged areas across the globe. The goal is to foster inclusive and equitable communities by empowering individuals through education, community development and health and medical services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$28,092$6,010▼ $22,082
Total Assets$28,092$6,010▼ $22,082
Liabilities
Accounts Payable and Accrued Expenses$2,505$3,368▲ $863
Total Liabilities$2,505$3,368▲ $863
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$25,587$2,642▼ $22,945
Total Net Assets Fund Balance$25,587$2,642▼ $22,945
Total Liabilities and Net Assets / Fund Balance$28,092$6,010▼ $22,082
Compensation and Service Providers

Board Members and Trustees

NameTitle
Soungho ChoPresident
Daeyoung KimDirector
Hansol ChungDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$46,388
Program Service Revenue
$852
Investment Income
$0
Other Revenue
$0
All Other Contributions
$46,388
Change in Net Assets
$-22,945
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$48,755
Other Expenses$21,430
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$46,184--$46,184
Travel$5,808--$5,808
Fees for Services Other$4,109--$4,109
Advertising$3,320--$3,320
Grants to Domestic Orgs$2,571--$2,571
Fees for Services Legal-$1,560-$1,560
Office Expenses-$1,119-$1,119
Other Expenses$761--$761
Total Functional Expenses$67,506$2,679$0$70,185
International Activity

International Summary

Offices
3
Employees
13
Spending
$46,184

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
IraqCommunity DevelopmenEducation Support313$46,184
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
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
Yes
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

During the board meeting, minutes are recorded, and details of taxes and the minutes are shared and approved.

Form 990, Page 6, Part VI, Line 12C

The organization maintains a written conflict of interest policy. Each director and officer is required to complete and sign an annual conflict of interest disclosure statement. Potential conflicts are reviewed by the board of directors. When a conflict is identified , the interested person is required to recuse themselves from discussions and voting on the matter. Meeting minutes documents the disclosure and the actions taken to manage the conflict. The organization enforces the policy through annual review of disclosures, and requiring corrective actions.

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

Compensation is reviewed and approved in advance by the board of directors. The basis for compensation decisions, including data reviewed, discussions held and the decision reached, is fully documented in the board minutes.

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

Compensation is reviewed and approved in advance by the board of directors. The basis for compensation decisions, including data reviewed, discussions held and the decision reached, is fully documented in the board minutes.

Form 990, Page 6, Part VI, Line 19

Copies of the organization's governing documents are available to the public upon written request.

Filing and Contact Details

Filer

Filer Name
The Dream Inc
EIN
30-1295205
Phone
6467898200
Address
466 HACKENSACK AVENUE SUITE 1026, HACKENSASCK, NJ 07601

Signing Officer

Name
Soungho Cho
Title
President
Phone
6468122638
Signed
2025-09-30

Organization Details

Principal Officer
Soungho Cho
Formed
2022
Legal Domicile
Nj
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Tmax Group Inc
Address
385 SYLVAN AVE STE 20, ENGLEWOOD CLIFFS, NJ 07632
Preparer
Hyungmin Cho
Phone
2015683444
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To advance educational opportunities and community development initiatives in underprivileged areas across the globe. The goal is to foster inclusive and equitable communities by empowering individuals through education, community development and health and medical services.

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

The dream inc. Is committed to providing high-quality educational programs aimed at equipping students with the skills and knowledge necessary for a brighter future. Through innovative online teaching platforms, we offer personalized one-on-one classes to students in need. Additionally, we organize periodic overseas projects wherein our teaching staff engage with students directly, facilitating live, in-person educational experiences.

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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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IRS990/ProgSrvcAccomActy2Grp/Desc0IN PREPARATION FOR THE PILOT PROGRAM, THE ORGANIZATION CONDUCTED A LEADERSHIP SITE VISIT TO ASSESS READINESS AND PROGRAM STRUCTURE. TO MAINTAIN PROGRAM QUALITY, THE ORGANIZATION PERFORMS ONE TO TWO ON-SITE EVALUATIONS ANNUALLY, DURING WHICH THE COORDINATOR INTERVIEWS LOCAL STAFF AND REVIEWS PROGRAM OUTCOMES.
IRS990/ProgSrvcAccomActy3Grp/Desc0DOMESTICALLY, THE ORGANIZATION EXPANDED ITS OUTREACH BY ORGANIZING MULTIPLE EVENTS, INCLUDING AN APPRECIATION DAY AND RECAP MEETING TO RECOGNIZE AND SUPPORT VOLUNTEER TEACHERS. IN ADDITION, THE ORGANIZATION FACILITATED TRAINING WORKSHOPS, NETWORKING SESSIONS AND COMMUNITY ENGAGEMENT ACTIVITIES TO ENHANCE VOLUNTEER CAPACITY AND PROMOTE AWARENESS OF THE PROGRAM'S MISSION ACROSS VARIOUS U.S. REGIONS. THESE EFFORTS HAVE SIGNIFICANTLY CONTRIBUTED TO MAINTAINING PROGRAM CONSISTENCY AND STRENGTHENING THE VOLUNTEER NETWORK NATIONWIDE.
IRS990/ProgSrvcAccomActyOtherGrp/Desc0THE DREAM INC. IS COMMITTED TO PROVIDING HIGH-QUALITY EDUCATIONAL PROGRAMS AIMED AT EQUIPPING STUDENTS WITH THE SKILLS AND KNOWLEDGE NECESSARY FOR A BRIGHTER FUTURE. THROUGH INNOVATIVE ONLINE TEACHING PLATFORMS, WE OFFER PERSONALIZED ONE-ON-ONE CLASSES TO STUDENTS IN NEED. ADDITIONALLY, WE ORGANIZE PERIODIC OVERSEAS PROJECTS WHEREIN OUR TEACHING STAFF ENGAGE WITH STUDENTS DIRECTLY, FACILITATING LIVE, IN-PERSON EDUCATIONAL EXPERIENCES.
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS PUBLICIZED ITS RACIALLY NONDISCRIMINATORY POLICY ON ITS OFFICIAL WEBSITE AT ALL TIMES DURING THE TAX YEAR. THE CONTENT IS PUBLICLY ACCESSIBLE AND IS PUBLISHED IN A WAY REASONABLY EXPECTED TO BE NOTICED BY VISITORS TO THE WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION SOLICITS CONTRIBUTIONS EXCLUSIVELY THROUGH ITS OFFICIAL WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 4
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0EDUCATION SUPPORT
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IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION MONITORS THE USE OF ITS GRANTS TO ENSURE COMPLIANCE WITH GRANT PURPOSES AND IRS REQUIREMENTS. MONITORING PROCEDURES INCLUDE: 1. CONDUCTING ON-SITE VISITS ONE TO TWO TIMES PER YEAR AT GRANTEE LOCATIONS; 2. INTERVIEWING PROGRAM MANAGERS AND STAFF RESPONSIBLE FOR IMPLEMENTING GRANT-FUNDED ACTIVITIES; 3. REVIEWING FINANCIAL AND PROGRAMMATIC REPORTS SUBMITTED BY THE GRANTEE, AND 4. FOLLOWING UP ON ANY IDENTIFIED ISSUES TO ENSURE CORRECTIVE ACTIONS TAKEN. THESE PROCEDURES ALLOW THE ORGANIZATION TO VERIFY THAT GRANT FUNDS ARE USED IN ACCORDANCE WITH THE INTENDED CHARITABLE PURPOSE.
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt1IRAQ 46,184 0
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO ADVANCE EDUCATIONAL OPPORTUNITIES AND COMMUNITY DEVELOPMENT INITIATIVES IN UNDERPRIVILEGED AREAS ACROSS THE GLOBE. THE GOAL IS TO FOSTER INCLUSIVE AND EQUITABLE COMMUNITIES BY EMPOWERING INDIVIDUALS THROUGH EDUCATION, COMMUNITY DEVELOPMENT AND HEALTH AND MEDICAL SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE DREAM INC. IS COMMITTED TO PROVIDING HIGH-QUALITY EDUCATIONAL PROGRAMS AIMED AT EQUIPPING STUDENTS WITH THE SKILLS AND KNOWLEDGE NECESSARY FOR A BRIGHTER FUTURE. THROUGH INNOVATIVE ONLINE TEACHING PLATFORMS, WE OFFER PERSONALIZED ONE-ON-ONE CLASSES TO STUDENTS IN NEED. ADDITIONALLY, WE ORGANIZE PERIODIC OVERSEAS PROJECTS WHEREIN OUR TEACHING STAFF ENGAGE WITH STUDENTS DIRECTLY, FACILITATING LIVE, IN-PERSON EDUCATIONAL EXPERIENCES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DURING THE BOARD MEETING, MINUTES ARE RECORDED, AND DETAILS OF TAXES AND THE MINUTES ARE SHARED AND APPROVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAINTAINS A WRITTEN CONFLICT OF INTEREST POLICY. EACH DIRECTOR AND OFFICER IS REQUIRED TO COMPLETE AND SIGN AN ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENT. POTENTIAL CONFLICTS ARE REVIEWED BY THE BOARD OF DIRECTORS. WHEN A CONFLICT IS IDENTIFIED , THE INTERESTED PERSON IS REQUIRED TO RECUSE THEMSELVES FROM DISCUSSIONS AND VOTING ON THE MATTER. MEETING MINUTES DOCUMENTS THE DISCLOSURE AND THE ACTIONS TAKEN TO MANAGE THE CONFLICT. THE ORGANIZATION ENFORCES THE POLICY THROUGH ANNUAL REVIEW OF DISCLOSURES, AND REQUIRING CORRECTIVE ACTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION IS REVIEWED AND APPROVED IN ADVANCE BY THE BOARD OF DIRECTORS. THE BASIS FOR COMPENSATION DECISIONS, INCLUDING DATA REVIEWED, DISCUSSIONS HELD AND THE DECISION REACHED, IS FULLY DOCUMENTED IN THE BOARD MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COMPENSATION IS REVIEWED AND APPROVED IN ADVANCE BY THE BOARD OF DIRECTORS. THE BASIS FOR COMPENSATION DECISIONS, INCLUDING DATA REVIEWED, DISCUSSIONS HELD AND THE DECISION REACHED, IS FULLY DOCUMENTED IN THE BOARD MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6COPIES OF THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
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ReturnHeader/BusinessOfficerGrp/SignatureDt02025-09-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE DREAM INC
ReturnHeader/Filer/BusinessNameControlTxt0DREA
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ReturnHeader/Filer/PhoneNum06467898200
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TMAX GROUP INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0385 SYLVAN AVE STE 20
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ENGLEWOOD CLIFFS
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ReturnHeader/PreparerPersonGrp/PhoneNum02015683444
ReturnHeader/PreparerPersonGrp/PreparationDt02025-10-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HYUNGMIN CHO
ReturnHeader/ReturnTs02025-10-27T14:19:38-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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