Civic Intelligence

Dream Fund

990 • Fiscal year 2019 • EIN 31-1584231

Jan 01, 2019 to Dec 31, 2019 • Filed on Apr 22, 2020

PO Box 1533Coppell, TX 75019-1533

(214) 288-9909

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Liabilities / Revenue

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Net Margin

27th percentile

-7.2%

Higher net margin than 27% of similar nonprofits.

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

Top Officer Pay

95th percentile

$66,000

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 50.3% of source-year revenue.

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

Asset Growth

48th percentile

1.2%

Faster asset growth than 48% of similar nonprofits.

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

Revenue Growth

12th percentile

-42%

Faster revenue growth than 12% of similar nonprofits.

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

Assets

Up

$426,696

Up $5,058 (+1.2%) from 2018

Net Assets

Up

$426,696

Up $5,058 (+1.2%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Down

$131,099

Down $93,984 (-42%) from 2018

Expenses

Down

$140,565

Down $28,312 (-17%) from 2018

Net Income

Down

-$9,466

Down $65,672 (-117%) from 2018

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2010: $543,526Liabilities 2010: $10,401Net Assets 2010: $533,1252010Assets 2011: $564,302Liabilities 2011: $0Net Assets 2011: $564,3022011Assets 2012: $560,174Liabilities 2012: $0Net Assets 2012: $560,1742012Assets 2013: $565,936Liabilities 2013: $0Net Assets 2013: $565,9362013Assets 2014: $603,282Liabilities 2014: $508Net Assets 2014: $602,7742014Assets 2015: $536,303Liabilities 2015: $0Net Assets 2015: $536,3032015Assets 2016: $482,269Liabilities 2016: $0Net Assets 2016: $482,2692016Assets 2017: $377,436Liabilities 2017: $0Net Assets 2017: $377,4362017Assets 2018: $421,638Liabilities 2018: $0Net Assets 2018: $421,6382018Assets 2019: $426,696Liabilities 2019: $0Net Assets 2019: $426,6962019Assets 2020: $375,827Liabilities 2020: $0Net Assets 2020: $375,8272020Assets 2021: $384,957Liabilities 2021: $0Net Assets 2021: $384,9572021Assets 2022: $349,838Liabilities 2022: $0Net Assets 2022: $349,8382022Assets 2023: $335,859Liabilities 2023: $0Net Assets 2023: $335,8592023Assets 2024: $397,081Liabilities 2024: $0Net Assets 2024: $397,0812024

Highlighted filing

2019

Assets$426,696
Liabilities$0
Net Assets$426,696

Operations Trend

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

$300K$200K$100K$0-$100KExpenses 2010: $133,2102010Expenses 2011: $113,1712011Expenses 2012: $142,1742012Revenue 2013: $191,873Expenses 2013: $180,622Net Income 2013: $11,2512013Revenue 2014: $160,365Expenses 2014: $140,075Net Income 2014: $20,2902014Revenue 2015: $159,489Expenses 2015: $202,872Net Income 2015: -$43,3832015Revenue 2016: $179,308Expenses 2016: $224,572Net Income 2016: -$45,2642016Revenue 2017: $165,893Expenses 2017: $263,389Net Income 2017: -$97,4962017Revenue 2018: $225,083Expenses 2018: $168,877Net Income 2018: $56,2062018Revenue 2019: $131,099Expenses 2019: $140,565Net Income 2019: -$9,4662019Revenue 2020: $84,676Expenses 2020: $143,408Net Income 2020: -$58,7322020Revenue 2021: $102,048Expenses 2021: $92,918Net Income 2021: $9,1302021Revenue 2022: $74,639Expenses 2022: $109,758Net Income 2022: -$35,1192022Revenue 2023: $104,227Expenses 2023: $144,446Net Income 2023: -$40,2192023Revenue 2024: $177,171Expenses 2024: $110,286Net Income 2024: $66,8852024

Highlighted filing

2019

Revenue$131,099
Expenses$140,565
Net Income-$9,466
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Apr 22, 2020
Return Version
2019v5.1
Gross Receipts
$275,252
Mission and Program Overview

Mission

The dream fund provides emotional and financial support to advertising, public relations, and media professionals whose lives have been impacted by severe hardship.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$421,638$426,696▲ $5,058
Investments in Publicly Traded Securities$235,079$257,147▲ $22,068
Savings and Temporary Cash Investments$105,611$106,258▲ $647
Cash and Non-Interest-Bearing Accounts$80,948$63,291▼ $17,657
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$421,638$426,696▲ $5,058
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$421,638$426,696▲ $5,058
Total Liabilities and Net Assets / Fund Balance$421,638$426,696▲ $5,058
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Teresa NovakExecutive DirectorFT$66,000$66,000

Board Members and Trustees

NameTitle
Juleann PasqualiniCompliance Chair
Shirley WardFounder/past President
Denise ShepardHouston Chapter President
Kathy SparksImmediate Past President
Patrick DillonPresident
Brian DillonVP/president Elect
Crystal Diaz-hlavakDirector
Danielle SchofieldDirector
John KelbeDirector
Kaelin BruzzoneDirector
Lindsey DobbsDirector
Marie MorinDirector
Micall SandlerDirector
Suzy SchoupDirector
Tiffany CelliDirector
Randy KempOklahoma City Chapter Pres
Jim NovakTreasurer
Gina HarlowVP/philanthropy
KAREN O'CONNELLVP/philanthropy
Farrah ReidVP/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$143,432
Program Service Revenue
$0
Investment Income
$9,558
Other Revenue
$-21,891
All Other Contributions
$24,655
Change in Net Assets
$-9,466
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$66,000
Grants and Similar Amounts Paid$48,784
Total Fundraising Expense$33,000
Other Expenses$25,781
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$33,000$33,000$66,000
Grants to Domestic Individuals$48,784--$48,784
Other Expenses-$22,540-$22,540
Fees for Service Investment Mgmnt Fees-$3,241-$3,241
Total Functional Expenses$48,784$58,781$33,000$140,565
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$48,156
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Monte Carlo$104,855-$7,253-
Chili Cookoff$10,217-$1,143-
Total Events$118,777-$48,156$-48,156
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
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Family and business relationships teresa and jim novak - family relationship patrick and brian dillon - family relationship

Form 990, Part VI, Section B, Line 11B

Review process the organization provides a copy of form 990 to each board member before filing.

Form 990, Part VI, Section B, Line 12C

Conflict of interest the organization enforces a conflict of interest policy by requiring annual disclosure of any potential conflicts.

Form 990, Part VI, Section C, Line 19

Availability of documents the organization makes its governing documents, conflict of interest policy, and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Dream Fund
EIN
31-1584231
Phone
2142889909
Address
PO BOX 1533, COPPELL, TX 75019-1533

Signing Officer

Name
Jim Novak
Title
Treasurer
Phone
2142889909
Signed
2020-04-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jim Novak
Formed
1991
Legal Domicile
TX
Voting Board Members
21
Independent Board Members
21
Employees
0
Volunteers
55

Preparer

Firm
Lane Gorman Trubitt LLC
Address
2626 HOWELL ST SUITE 700, DALLAS, TX 75204
Preparer
Kevin Warneke
Phone
2148717500
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IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0235079
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0257147
IRS990/IRPDocumentCnt014
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0TX
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt095997
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE DREAM FUND PROVIDES EMOTIONAL AND FINANCIAL SUPPORT TO ADVERTISING, PUBLIC RELATIONS, AND MEDIA PROFESSIONALS WHOSE LIVES HAVE BEEN IMPACTED BY SEVERE HARDSHIP.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0421638
IRS990/NetAssetsOrFundBalancesEOYAmt0426696
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-495
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-495
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-48156
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-48156
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt014524
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0GENERAL OPERATING EXP.
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt022540
IRS990/OtherExpensesGrp/TotalAmt022540
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0BUS. DEVT. INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt026265
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt026265
IRS990/OtherRevenueTotalAmt026265
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JIM NOVAK
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActyOtherGrp/Desc0PROVIDED ASSISTANCE TO INDIVIDUALS OF THE ADVERTISING AND MEDIA INDUSTRY.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0239365
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt082346
IRS990/PYInvestmentIncomeAmt06809
IRS990/PYOtherExpensesAmt020531
IRS990/PYOtherRevenueAmt0-21091
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt056206
IRS990/PYSalariesCompEmpBnftPaidAmt066000
IRS990/PYTotalExpensesAmt0168877
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0225083
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-9466
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt026265
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0421638
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0426696
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0105611
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0106258
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt010925
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt06445
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt09640
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt01300
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt0200
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt028510
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0143432
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0239365
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0163835
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0213575
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt047583
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0807790
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt09682
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt07912
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt08155
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt08205
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt08270
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt042224
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0194487
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0194487
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt09682
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt07912
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt08155
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt08205
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt08270
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt042224
IRS990ScheduleA/InvestmentIncomeCYPct00.03620
IRS990ScheduleA/InvestmentIncomePYPct00.03240
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt026265
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt041168
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt036810
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt013629
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt02820
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0120692
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.83570
IRS990ScheduleA/PublicSupportPY509Pct00.84700
IRS990ScheduleA/PublicSupportTotal509Amt0973767
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt010925
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt06445
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt09640
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt01300
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0200
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt028510
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0143432
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0239365
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0163835
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0213575
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0242070
IRS990ScheduleA/Total509Grp/TotalAmt01002277
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0179379
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0288445
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0208800
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0235409
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0253160
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01165193
IRS990/ScheduleBRequiredInd00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0118777
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt010217
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt0104855
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt03705
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt048156
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt01231
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent2Amt04315
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt05546
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0CHILI COOKOFF
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0MONTE CARLO
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt010291

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.97$0.00$3.97$1.77$1.10$0.67
2023Detailed filing. Detailed filing data is available for this year.$3.36$0.00$3.36$1.04$1.44$0.40
2022Detailed filing. Detailed filing data is available for this year.$3.50$0.00$3.50$0.75$1.10$0.35
2021Detailed filing. Detailed filing data is available for this year.$3.85$0.00$3.85$1.02$0.93$0.09
2020Detailed filing. Detailed filing data is available for this year.$3.76$0.00$3.76$0.85$1.43$0.59
2019Detailed filing. Detailed filing data is available for this year.$4.27$0.00$4.27$1.31$1.41$0.09
2018Detailed filing. Detailed filing data is available for this year.$4.22$0.00$4.22$2.25$1.69$0.56
2017Detailed filing. Detailed filing data is available for this year.$3.77$0.00$3.77$1.66$2.63$0.97
2016Detailed filing. Detailed filing data is available for this year.$4.82$0.00$4.82$1.79$2.25$0.45
2015Detailed filing. Detailed filing data is available for this year.$5.36$0.00$5.36$1.59$2.03$0.43
2014Detailed filing. Detailed filing data is available for this year.$6.03$0.01$6.03$1.60$1.40$0.20
2013Detailed filing. Detailed filing data is available for this year.$5.66$0.00$5.66$1.92$1.81$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.60$0.00$5.60$1.42
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.64$0.00$5.64$1.13
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.44$0.10$5.33$1.33