Civic Intelligence

Precious Dreams Foundation

990 • Fiscal year 2020 • EIN 45-5456961

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 04, 2021

Organization ProfilePRECIOUSDREAMSFOUNDATION.ORG
116 E 27th Street Ste 10 FLNew York, NY 10016

(212) 452-5387

Siviq Scores

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

Liabilities / Assets

71st percentile

0.00x

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

2020 filings • NTEE T30 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

71st percentile

0.00x

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

2020 filings • NTEE T30 • <$500k nonprofits • Source year 2020

Net Margin

80th percentile

36%

Higher net margin than 80% of similar nonprofits.

2020 filings • NTEE T30 • <$500k nonprofits • Source year 2020

Top Officer Pay

98th percentile

$64,935

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 17.2% of source-year revenue.

2020 filings • NTEE T30 • <$500k nonprofits • Source year 2020

Asset Growth

86th percentile

124%

Faster asset growth than 86% of similar nonprofits.

2020 filings • NTEE T30 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

94th percentile

147%

Faster revenue growth than 94% of similar nonprofits.

2020 filings • NTEE T30 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets71st percentile

Assets

Up

$270,713

Up $149,858 (+124%) from 2019

Net Assets

Up

$270,713

Up $149,858 (+124%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin80th percentile

Revenue

Up

$377,164

Up $224,655 (+147%) from 2019

Expenses

Up

$240,918

Up $119,593 (+99%) from 2019

Net Income

Up

$136,246

Up $105,062 (+337%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth86th percentile

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

$400K$300K$200K$100K$0Assets 2011: $1Liabilities 2011: $02011Assets 2012: $974Net Assets 2012: $9742012Assets 2013: $13,101Net Assets 2013: $13,1012013Assets 2014: $36,761Liabilities 2014: $0Net Assets 2014: $36,7612014Assets 2015: $34,670Liabilities 2015: $0Net Assets 2015: $34,6702015Assets 2016: $62,594Liabilities 2016: $0Net Assets 2016: $62,5942016Assets 2017: $70,807Liabilities 2017: $0Net Assets 2017: $70,8072017Assets 2018: $87,216Liabilities 2018: $0Net Assets 2018: $87,2162018Assets 2019: $120,855Liabilities 2019: $0Net Assets 2019: $120,8552019Assets 2020: $270,713Liabilities 2020: $0Net Assets 2020: $270,7132020Assets 2021: $273,870Liabilities 2021: $7,813Net Assets 2021: $266,0572021Assets 2022: $264,733Liabilities 2022: $9,335Net Assets 2022: $255,3982022Assets 2023: $305,360Liabilities 2023: $20,728Net Assets 2023: $284,6322023Assets 2024: $164,768Liabilities 2024: $18,905Net Assets 2024: $145,8632024

Highlighted filing

2020

Assets$270,713
Liabilities$0
Net Assets$270,713
Open 2020 Filing

Operations Trend

Revenue Growth94th percentile

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

$600K$400K$200K$0-$200KRevenue 2011: $0Expenses 2011: $0Net Income 2011: $02011Revenue 2012: $2,456Expenses 2012: $1,482Net Income 2012: $9742012Revenue 2013: $24,295Expenses 2013: $12,168Net Income 2013: $12,1272013Revenue 2014: $48,086Expenses 2014: $24,426Net Income 2014: $23,6602014Revenue 2015: $34,899Expenses 2015: $36,990Net Income 2015: -$2,0912015Revenue 2016: $57,205Expenses 2016: $37,110Net Income 2016: $20,0952016Revenue 2017: $86,820Expenses 2017: $78,607Net Income 2017: $8,2132017Revenue 2018: $140,031Expenses 2018: $123,622Net Income 2018: $16,4092018Revenue 2019: $152,509Expenses 2019: $121,325Net Income 2019: $31,1842019Revenue 2020: $377,164Expenses 2020: $240,918Net Income 2020: $136,2462020Revenue 2021: $345,624Expenses 2021: $350,280Net Income 2021: -$4,6562021Revenue 2022: $409,688Expenses 2022: $420,347Net Income 2022: -$10,6592022Revenue 2023: $474,568Expenses 2023: $445,334Net Income 2023: $29,2342023Revenue 2024: $327,195Expenses 2024: $465,964Net Income 2024: -$138,7692024

Highlighted filing

2020

Revenue$377,164
Expenses$240,918
Net Income$136,246
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 4, 2021
Return Version
2020v4.1
Gross Receipts
$377,164
Mission and Program Overview

Mission

To provide comfort items and programs to support the dreams of children and young adults in foster care and homeless shelters.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$120,855$270,713▲ $149,858
Total Assets$120,855$270,713▲ $149,858
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$120,855$270,713▲ $149,858
Total Net Assets Fund Balance$120,855$270,713▲ $149,858
Total Liabilities and Net Assets / Fund Balance$120,855$270,713▲ $149,858
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Nicole RussellExecutive DirectorFT$64,935$64,935

Board Members and Trustees

NameTitle
Joseph BelluckChairperson
Julie EvansVice Chairperson
Susan KraizgrunSecretary
Kenneth HalpernTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$374,484
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$2,680
All Other Contributions
$200,776
Change in Net Assets
$136,246
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$116,310
Salaries, Compensation, and Employee Benefits$102,605
Total Fundraising Expense$48,964
Professional Fundraising Fees$22,003
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$42,208$12,987$9,740$64,935
All Other Expenses$21,377$3,438$8,221$33,036
Other Salaries and Wages$6,000$15,000$9,000$30,000
Fees for Services Professional Fundraising--$22,003$22,003
Insurance-$9,031-$9,031
Payroll Taxes-$7,670-$7,670
Other Expenses$4,144$1,750-$4,144
Office Expenses-$1,599-$1,599
Travel$959--$959
Occupancy$644--$644
Fees for Services Accounting-$522-$522
Conferences and Meetings-$195-$195
Total Functional Expenses$139,615$52,339$48,964$240,918
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$22,003

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Sweet Dreams$163,008$163,008-$163,008
Total Events$163,008$163,008-$163,008
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
Annual disclosure for covered persons
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Governing body decisions Part VI line 7B

“The governing bodys decisions are subject to board members approval”

Form 990 governing body review Part VI line 11

“The organizations governing body are required to be provided a copy of the form 990 for review prior to being filed by the accounting firm.”

Conflict of interest policy compliance Part VI line 12C

“Adherence to the confilct of interest policy is monitered and enforced by the governing body. There were no incidents during the current year.”

CEO executive director top management comp Part VI line 15A

“The board of directors determines the compensation to officers by the percentage of time devoted to the organization.”

Other officer or key employee compensation Part VI line 15B

“The board of directors determines the compensation to other officers or key employees by the percentage of time devoted to the organization.”

Governing documents etc available to public Part VI line 19

“All public documents of the organization are available to the general public upon request by email or telephoone. The information is also available on the organizations website.”

Filing and Contact Details

Filer

Filer Name
Precious Dreams Foundation
EIN
45-5456961
Address
116 E 27TH STREET STE 10 FL, NEW YORK, NY 10016

Signing Officer

Name
Joseph Belluck
Title
Chairperson
Phone
2124525387
Signed
2021-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Belluck
Formed
2012
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
10
Employees
2
Volunteers
140

Preparer

Firm
Miller Financial Services LLC
Address
114-63 Farmers Blvd, Saint Albans, NY 11412
Preparer
Rodger Miller
Phone
7182175117
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“To reconcile retained earnings account to books and records amount as reported on companys financial statement. Ppp loans secuerd by organization”

List of other expenses Part IX line 24E

“Program service expenses $21377management and general expenses $3438fundraising expenses $8221”

General explanation attachment

“Precious dreams foundation is run by dedicated volunteers and 1 full-time executive director. Sometimes travel or food expenses are covered as compensation for the hard work of our volunteers that work long hours to shop for items, stuff bags and execute our comfort drop program for children across the country.”

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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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IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0163008
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IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0163008
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IRS990ScheduleG/LicensedStatesCd1FL
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE GOVERNING BODYS DECISIONS ARE SUBJECT TO BOARD MEMBERS APPROVAL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATIONS GOVERNING BODY ARE REQUIRED TO BE PROVIDED A COPY OF THE FORM 990 FOR REVIEW PRIOR TO BEING FILED BY THE ACCOUNTING FIRM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ADHERENCE TO THE CONFILCT OF INTEREST POLICY IS MONITERED AND ENFORCED BY THE GOVERNING BODY. THERE WERE NO INCIDENTS DURING THE CURRENT YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS DETERMINES THE COMPENSATION TO OFFICERS BY THE PERCENTAGE OF TIME DEVOTED TO THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS DETERMINES THE COMPENSATION TO OTHER OFFICERS OR KEY EMPLOYEES BY THE PERCENTAGE OF TIME DEVOTED TO THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL PUBLIC DOCUMENTS OF THE ORGANIZATION ARE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST BY EMAIL OR TELEPHOONE. THE INFORMATION IS ALSO AVAILABLE ON THE ORGANIZATIONS WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6TO RECONCILE RETAINED EARNINGS ACCOUNT TO BOOKS AND RECORDS AMOUNT AS REPORTED ON COMPANYS FINANCIAL STATEMENT. PPP LOANS SECUERD BY ORGANIZATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7PROGRAM SERVICE EXPENSES $21377MANAGEMENT AND GENERAL EXPENSES $3438FUNDRAISING EXPENSES $8221
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8PRECIOUS DREAMS FOUNDATION IS RUN BY DEDICATED VOLUNTEERS AND 1 FULL-TIME EXECUTIVE DIRECTOR. SOMETIMES TRAVEL OR FOOD EXPENSES ARE COVERED AS COMPENSATION FOR THE HARD WORK OF OUR VOLUNTEERS THAT WORK LONG HOURS TO SHOP FOR ITEMS, STUFF BAGS AND EXECUTE OUR COMFORT DROP PROGRAM FOR CHILDREN ACROSS THE COUNTRY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7List of other expenses Part IX line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8General explanation attachment
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0139615
IRS990/TotalFunctionalExpensesGrp/TotalAmt0240918
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IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0140
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0120855
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0270713
IRS990/TotReportableCompRltdOrgAmt00
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IRS990/TravelGrp/ProgramServicesAmt0959
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IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt010
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IRS990/WebsiteAddressTxt0PRECIOUSDREAMSFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd0false
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0JOSEPH BELLUCK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRPERSON
ReturnHeader/BusinessOfficerGrp/PhoneNum02124525387
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PRECIOUS DREAMS FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0PREC
ReturnHeader/Filer/EIN0455456961
ReturnHeader/Filer/USAddress/AddressLine1Txt0116 E 27TH STREET STE 10 FL
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010016
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0205616922
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Miller Financial Services LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0114-63 Farmers Blvd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Saint Albans
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011412
ReturnHeader/PreparerPersonGrp/PhoneNum07182175117
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Rodger Miller
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-11-22T16:37:30-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JOSEPH
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BELLUCK
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$270,713
Liabilities
$0
Net assets
$270,713
Revenue
$377,164
Expenses
$240,918
Net income
$136,246
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.65$0.19$1.46$3.27$4.66$1.39
2023Detailed filing. Detailed filing data is available for this year.$3.05$0.21$2.85$4.75$4.45$0.29
2022Detailed filing. Detailed filing data is available for this year.$2.65$0.09$2.55$4.10$4.20$0.11
2021Detailed filing. Detailed filing data is available for this year.$2.74$0.08$2.66$3.46$3.50$0.05
2020Detailed filing. Detailed filing data is available for this year.$2.71$0.00$2.71$3.77$2.41$1.36
2019Detailed filing. Detailed filing data is available for this year.$1.21$0.00$1.21$1.53$1.21$0.31
2018Detailed filing. Detailed filing data is available for this year.$0.87$0.00$0.87$1.40$1.24$0.16
2017Detailed filing. Detailed filing data is available for this year.$0.71$0.00$0.71$0.87$0.79$0.08
2016Detailed filing. Detailed filing data is available for this year.$0.63$0.00$0.63$0.57$0.37$0.20
2015Detailed filing. Detailed filing data is available for this year.$0.35$0.00$0.35$0.35$0.37$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.37$0.00$0.37$0.48$0.24$0.24
2013Detailed filing. Detailed filing data is available for this year.$0.13$0.13$0.24$0.12$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.01$0.01$0.02$0.01$0.01
2011Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00