Civic Intelligence

The Dream Inc

990 • Fiscal year 2022 • EIN 30-1295205

Jan 01, 2022 to Dec 31, 2022 • Filed on May 05, 2023

Organization ProfileTHEDREAMINC.ORG
1449 Anderson AvenueFort Lee, NJ 07024

(646) 812-2638

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2022

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2022

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2022

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

2022 filings • NTEE X99 • <$500k nonprofits • Source year 2022

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

$0

No earlier filing loaded for comparison.

Net Assets

$0

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

$0

No earlier filing loaded for comparison.

Expenses

$0

No earlier filing loaded for comparison.

Net Income

$0

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$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

2022

Assets$0
Liabilities$0
Net Assets$0
Open 2022 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this 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

2022

Revenue$0
Expenses$0
Net Income$0
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 5, 2023
Return Version
2022v5.0
Gross Receipts
$0
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.

The Dream Inc, or the Corporation is created to provide quality English education to students overseas who are underprivileged in education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Total Assets$0$0→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$0→ $0
Total Liabilities and Net Assets / Fund Balance$0$0→ $0
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
Soungho ChoPresident
Henry ParkDirector
Marc ChoiDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

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

Governing body meeting documentation Part VI line 8A

“Key Employers are all independent and have no family or business relationship.”

Committee meeting documentation Part VI line 8B

“There have been no moneytary transaction such as any donations or expenses during 2022.”

Form 990 governing body review Part VI line 11

“Charitable organizations domiciled or doing business in the State of New Jersey, which receive gross contributions of $25,000or less per year, are required to submit an initial registration and to renew registration annually.”

Form 990 availability to public Part VI line 18

“On February 2, 2022, The Dream was announced that it was registered and approved as a non-profit corporation and exempt entity by the IRS.”

Governing documents etc available to public Part VI line 19

“The Dream shall solicit or intend to solicit contributions from the general public in the State of New Jersey. The purpose for which funds are being raised is to help those who are underprivileged in eduction.”

Filing and Contact Details

Filer

Filer Name
The Dream Inc
EIN
30-1295205
Address
1449 Anderson Avenue, Fort Lee, NJ 07024

Signing Officer

Name
Soungho Cho
Title
President
Phone
6468122638
Signed
2023-05-05
Discuss with paid preparer
Yes

Organization Details

Formed
2022
Legal Domicile
Nj
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Tmax Tax and Accounting
Address
385 Sylvan Ave Suite 20, Englewood Cliffs, NJ 07632
Preparer
Hyungmin Cho
Phone
2015683444
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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/FormationYr02022
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IRS990/GoverningBodyVotingMembersCnt03
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Charitable organizations domiciled or doing business in the State of New Jersey, which receive gross contributions of $25,000or less per year, are required to submit an initial registration and to renew registration annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3On February 2, 2022, The Dream was announced that it was registered and approved as a non-profit corporation and exempt entity by the IRS.
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0Soungho Cho
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum06468122638
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Dream Inc
ReturnHeader/Filer/BusinessNameControlTxt0DREA
ReturnHeader/Filer/EIN0301295205
ReturnHeader/Filer/USAddress/AddressLine1Txt01449 Anderson Avenue
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0385 Sylvan Ave Suite 20
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007632
ReturnHeader/PreparerPersonGrp/PhoneNum02015683444
ReturnHeader/PreparerPersonGrp/PreparationDt02023-05-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HYUNGMIN CHO
ReturnHeader/ReturnTs02023-05-12T09:10:26-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Soungho
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Cho
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$0
Expenses
$0
Net income
$0
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.01$3.37$2.64$47.2$70.2$22.9
2023Detailed filing. Detailed filing data is available for this year.$28.1$0.00$28.1$89.1$61.0$28.1
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00