Civic Intelligence

Dream Project Inc.

990 • Fiscal year 2020 • EIN 45-1869894

Jul 01, 2019 to Jun 30, 2020 • Filed on Jan 29, 2021

P O Box 7419Arlington, VA 22207

(703) 672-1541

Siviq Scores

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

Liabilities / Assets

56th percentile

0.08x

Higher debt load relative to assets than 56% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

53rd percentile

0.07x

Higher debt load relative to revenue than 53% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

81st percentile

31%

Higher net margin than 81% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

87th percentile

74%

Faster asset growth than 87% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

87th percentile

53%

Faster revenue growth than 87% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$583,378

Up $248,614 (+74%) from 2019

Net Assets

Up

$536,463

Up $202,949 (+61%) from 2019

Liabilities

Up

$46,915

Up $45,665 (+3653%) from 2019

Revenue

Up

$644,445

Up $222,751 (+53%) from 2019

Expenses

Up

$441,884

Up $102,429 (+30%) from 2019

Net Income

Up

$202,561

Up $120,322 (+146%) from 2019

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2014: $67,831Liabilities 2014: $33,4552014Assets 2015: $113,996Liabilities 2015: $71,0002015Assets 2016: $81,753Liabilities 2016: $15,5632016Assets 2017: $104,564Liabilities 2017: $9,4842017Assets 2018: $252,725Liabilities 2018: $26,090Net Assets 2018: $226,6352018Assets 2019: $334,764Liabilities 2019: $1,250Net Assets 2019: $333,5142019Assets 2020: $583,378Liabilities 2020: $46,915Net Assets 2020: $536,4632020Assets 2021: $756,253Liabilities 2021: $7,500Net Assets 2021: $748,7532021Assets 2022: $905,831Liabilities 2022: $44,152Net Assets 2022: $861,6792022Assets 2023: $1,115,613Liabilities 2023: $208,617Net Assets 2023: $906,9962023Assets 2024: $1,267,704Liabilities 2024: $222,422Net Assets 2024: $1,045,2822024

Highlighted filing

2020

Assets$583,378
Liabilities$46,915
Net Assets$536,463

Operations Trend

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

$1.5M$1.0M$500K$0Revenue 2014: $71,530Expenses 2014: $63,851Net Income 2014: $7,6792014Revenue 2015: $104,584Expenses 2015: $95,964Net Income 2015: $8,6202015Revenue 2016: $141,652Expenses 2016: $118,458Net Income 2016: $23,1942016Revenue 2017: $181,667Expenses 2017: $156,777Net Income 2017: $24,8902017Revenue 2018: $386,683Expenses 2018: $255,125Net Income 2018: $131,5582018Revenue 2019: $421,694Expenses 2019: $339,455Net Income 2019: $82,2392019Revenue 2020: $644,445Expenses 2020: $441,884Net Income 2020: $202,5612020Revenue 2021: $742,281Expenses 2021: $529,991Net Income 2021: $212,2902021Revenue 2022: $741,818Expenses 2022: $628,892Net Income 2022: $112,9262022Revenue 2023: $825,848Expenses 2023: $780,531Net Income 2023: $45,3172023Revenue 2024: $1,008,478Expenses 2024: $870,192Net Income 2024: $138,2862024

Highlighted filing

2020

Revenue$644,445
Expenses$441,884
Net Income$202,561
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Jan 29, 2021
Return Version
2019v5.1
Gross Receipts
$644,445
Mission and Program Overview

Mission

Dream projects empowers students whose immigration status creates barriers to education by working with them to access and succeed in college through scholarships, mentoring, family engagement, and advocacy

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$116,242$382,618▲ $266,376
Investments Other Securities$115,590$118,051▲ $2,461
Cash and Non-Interest-Bearing Accounts$69,787$48,094▼ $21,693
Other Notes and Loans Receivable, Net$33,145$34,615▲ $1,470
Total Assets$334,764$583,378▲ $248,614
Liabilities
Grants Payable-$19,970-
Deferred Revenue-$16,756-
Accounts Payable and Accrued Expenses$1,250$10,189▲ $8,939
Total Liabilities$1,250$46,915▲ $45,665
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$260,301$377,244▲ $116,943
Net Assets With Donor Restrictions$73,213$159,219▲ $86,006
Total Net Assets Fund Balance$333,514$536,463▲ $202,949
Total Liabilities and Net Assets / Fund Balance$334,764$583,378▲ $248,614

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$118,051--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Emma Violand SanchezFounder and Board Chair
Robert RemesLoan Chair
Ann KennedyMentoring Chair
Marie PriceScholarship Chair
Jane PowellVice Chair
Belinda PassafaroBoard Member
Dave KonstantinBoard Member
David RothwellBoard Member
Dawn CutlerBoard Member
Francesco Yepez CoelloBoard Member
Giancarla RojasBoard Member
Gustavo MinayaBoard Member
Jeff MilesBoard Member
Liz JacobBoard Member
Liz UriaBoard Member
Robert SmithBoard Member
Vanessa GarciaBoard Member
Lizzette Arias GalvezExecutive Director
Mark HabeebSecretary
Julie ZalkindTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$640,111
Program Service Revenue
$0
Investment Income
$4,334
Other Revenue
$0
All Other Contributions
$640,111
Change in Net Assets
$202,561
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$260,650
Salaries, Compensation, and Employee Benefits$97,628
Other Expenses$83,606
Total Fundraising Expense$52,153
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$260,650--$260,650
Other Salaries and Wages$22,669$30,172$22,190$75,031
Fees for Services Other$28,683$7,657$16,500$52,840
Other Employee Benefits$3,882$5,167$3,800$12,849
Office Expenses$3,351$3,634$2,820$9,805
Conferences and Meetings$4,682$23$2,390$7,095
Payroll Taxes$1,857$2,472$1,818$6,147
Fees for Services Accounting-$5,153-$5,153
Pension Plan Contributions$1,088$1,448$1,065$3,601
Insurance$915$1,218$896$3,029
Information Technology$657$876$644$2,177
Travel$419$477-$896
Other Expenses$115$300$30$300
Total Functional Expenses$328,968$60,763$52,153$441,884
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
Yes
Audit committee
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The return was prepared by an outside accountant. The return is reviewed by the treasurer prior to filing electronically.

Form 990, Part VI, Section C, Line 19

The organization makes available its corporate documents upon request.

Filing and Contact Details

Filer

Filer Name
Dream Project Inc
EIN
45-1869894
Phone
7036721541
Address
P O BOX 7419, ARLINGTON, VA 22207

Signing Officer

Name
Julie Zalkind
Title
Treasurer
Phone
7036721541
Signed
2021-01-29

Organization Details

Principal Officer
Julie Zalkind
Formed
2011
Legal Domicile
Va
Voting Board Members
18
Independent Board Members
18
Employees
2
Volunteers
0

Preparer

Firm
Salti & Associates LLC
Address
1310 L STREET NW, WASHINGTON, DC 20005
Preparer
Salti Associates LLC
Phone
2027283312
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Consultants: program service expenses 28,683. Management and general expenses 7,657. Fundraising expenses 16,500. Total expenses 52,840.

Financial Statement Notes

PART X, LINE 2:

For the year ended june 30, 2020,dream project, inc. Has documented its consideration of fasb asc 740-10 and determined that no material uncertain tax provisions qualify for either recognition or disclosure in the financial statements.

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IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15FOUNDER AND BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt16TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19EXECUTIVE DIRECTOR
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IRS990/FormationYr02011
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IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
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IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
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IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0876
IRS990/InformationTechnologyGrp/ProgramServicesAmt0657
IRS990/InformationTechnologyGrp/TotalAmt02177
IRS990/InsuranceGrp/FundraisingAmt0896
IRS990/InsuranceGrp/ManagementAndGeneralAmt01218
IRS990/InsuranceGrp/ProgramServicesAmt0915
IRS990/InsuranceGrp/TotalAmt03029
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt04334
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IRS990/IRPDocumentCnt09
IRS990/IRPDocumentW2GCnt00
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IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0DREAM PROJECTS EMPOWERS STUDENTS WHOSE IMMIGRATION STATUS CREATES BARRIERS TO EDUCATION BY WORKING WITH THEM TO ACCESS AND SUCCEED IN COLLEGE THROUGH SCHOLARSHIPS, MENTORING, FAMILY ENGAGEMENT, AND ADVOCACY
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt0536463
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0388
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0260301
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0377244
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IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt02820
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03634
IRS990/OfficeExpensesGrp/ProgramServicesAmt03351
IRS990/OfficeExpensesGrp/TotalAmt09805
IRS990/OfficerMailingAddressInd00
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IRS990/Organization501c3Ind0X
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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt05167
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt03882
IRS990/OtherEmployeeBenefitsGrp/TotalAmt012849
IRS990/OtherExpensesGrp/Desc0DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc1TAXES AND LICENCES
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02166
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1300
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt022669
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IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JULIE ZALKIND
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0THE DREAM PROJECT MENTORING PROGRAM HELPS PREPARE IMMIGRANT STUDENTS FROM PRIMARILY NORTHERN VIRGINIA HIGH SCHOOLS (ARLINGTON, ALEXANDRIA, AND FAIRFAX) FOR COLLEGE THROUGH ONE-ON-ONE AND GROUP MENTORING. SINCE THE MENTORING PROGRAM WAS HELD VIRTUALLY DUE TO THE COVID-19 PANDEMIC, STUDENTS FROM OUTSIDE THE NORTHERN VIRGINIA AREA ALSO JOINED THE PROGRAM. THE PROGRAM FOCUSES ON THE COLLEGE APPLICATION PROCESS, FINANCIAL AID AND SCHOLARSHIPS, AND BUILDING HABITS AND SKILLS THAT PROMOTE SUCCESS IN COLLEGE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt023735
IRS990/ProgSrvcAccomActy3Grp/Desc0COMMUNICATIONS-USE TRADITIONAL AND SOCIAL MEDIA STREAMS, PARTICIPATION IN COMMUNITY COALITIONS/GROUPS, AND EDUCATIONAL EVENTS TO EDUCATE OUR INTERNAL AND EXTERNAL CONSTITUENCIES ABOUT THE ACTIVITIES OF THE DREAM PROJECT.ADVOCACY-SPREAD AWARENESS ABOUT THE STRUGGLES OUR DREAM SCHOLARS AND FAMILIES FACE AND TO SUPPORT PARTNER ORGANIZATIONS WHO ADVOCATE FOR THEIR RIGHTS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt023885
IRS990/ProgSrvcAccomActyOtherGrp/Desc0SCHOLARS AND ALUMNI
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt07874
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IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0421694
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IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0116242
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0382618
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0410644
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0379395
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0186017
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0143838
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01703899
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt04331
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt03250
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01225
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt08806
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt042849
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.82710
IRS990ScheduleA/PublicSupportPY170Pct00.84470
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0584005
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0410644
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0379395
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0186017
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0143838
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01703899
IRS990ScheduleA/TotalSupportAmt01712705
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED

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