Civic Intelligence

Precious Dreams Foundation

990 • Fiscal year 2023 • EIN 45-5456961

Jan 01, 2023 to Dec 31, 2023 • Filed on May 04, 2024

Organization ProfilePRECIOUSDREAMSFOUNDATION.ORG
116 East 27th Street Ste 10th FNew York, NY 10016

(347) 514-3833

Siviq Scores

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

Liabilities / Assets

84th percentile

0.07x

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

2023 filings • NTEE T30 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

83rd percentile

0.04x

Higher debt load relative to revenue than 83% of similar nonprofits.

2023 filings • NTEE T30 • <$500k nonprofits • Source year 2023

Net Margin

50th percentile

6.2%

Higher net margin than 50% of similar nonprofits.

2023 filings • NTEE T30 • <$500k nonprofits • Source year 2023

Top Officer Pay

99th percentile

$89,077

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 18.8% of source-year revenue.

2023 filings • NTEE T30 • <$500k nonprofits • Source year 2023

Asset Growth

65th percentile

15%

Faster asset growth than 65% of similar nonprofits.

2023 filings • NTEE T30 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

64th percentile

16%

Faster revenue growth than 64% of similar nonprofits.

2023 filings • NTEE T30 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$305,360

Up $40,627 (+15%) from 2022

Net Assets

Up

$284,632

Up $29,234 (+11%) from 2022

Liabilities

Up

$20,728

Up $11,393 (+122%) from 2022

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin50th percentile

Revenue

Up

$474,568

Up $64,880 (+16%) from 2022

Expenses

Up

$445,334

Up $24,987 (+5.9%) from 2022

Net Income

Up

$29,234

Up $39,893 (+374%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth65th 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

2023

Assets$305,360
Liabilities$20,728
Net Assets$284,632
Open 2023 Filing

Operations Trend

Revenue Growth64th 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

2023

Revenue$474,568
Expenses$445,334
Net Income$29,234
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 4, 2024
Return Version
2023v5.1
Gross Receipts
$474,568
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$196,765$232,846▲ $36,081
Accounts Receivable$62,075$66,800▲ $4,725
Prepaid Expenses and Deferred Charges$5,893$5,714▼ $179
Total Assets$264,733$305,360▲ $40,627
Liabilities
Accounts Payable and Accrued Expenses$9,335$12,016▲ $2,681
Deferred Revenue-$8,712-
Total Liabilities$9,335$20,728▲ $11,393
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$255,398$284,632▲ $29,234
Total Net Assets Fund Balance$255,398$284,632▲ $29,234
Total Liabilities and Net Assets / Fund Balance$264,733$305,360▲ $40,627
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Nicole RussellExecutive DirectorFT$89,077$89,077

Board Members and Trustees

NameTitle
Joseph BelluckChairperson
Julie EvansChairperson
Bernadette CatalanaVice Chairperson
Susan KraizgrunSecretary
Angelica AlamTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$474,568
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$141,533
Change in Net Assets
$29,234

Audited Revenue Reconciliation

Revenue per Audited Statements
$474,568
Total Revenue per Audited Statements
$474,568
Total Revenue per Form 990
$474,568
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$248,173
Salaries, Compensation, and Employee Benefits$170,411
Total Fundraising Expense$119,427
Grants and Similar Amounts Paid$26,750
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$53,447$17,815$17,815$89,077
Other Expenses$6,202$843$85,346$86,189
Other Salaries and Wages$16,855$28,091$11,236$56,182
All Other Expenses$40,339$3,283-$43,622
Grants to Domestic Individuals$26,750--$26,750
Fees for Services Other$6,150$8,992-$15,142
Other Employee Benefits$4,932$5,842$2,693$13,467
Payroll Taxes$5,655$3,693$2,337$11,685
Travel-$10,697-$10,697
Fees for Services Accounting-$5,511-$5,511
Office Expenses-$5,230-$5,230
Advertising-$1,712-$1,712
Total Functional Expenses$234,198$91,709$119,427$445,334

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$452,050
Total Expenses per Audited Statements$452,050
Total Expenses per Form 990$452,050
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$280,316$280,316$79,232$201,084
Pp & Pillows$40,072$40,072-$40,072
Total Events$331,734$331,734$85,346$246,388
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
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

“Decisions are subject to board members approval”

Form 990 governing body review Part VI line 11

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

Conflict of interest policy compliance Part VI line 12C

“Adherence to the conflict 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 requestby email or telephone. The information is also available on the organizations website.”

Filing and Contact Details

Filer

Filer Name
Precious Dreams Foundation
EIN
45-5456961
Address
116 EAST 27TH STREET STE 10TH F, New York, NY 10016

Signing Officer

Name
Nicole Russell
Title
Executive Direc
Phone
3475143833
Signed
2024-05-04
Discuss with paid preparer
No

Organization Details

Formed
2012
Legal Domicile
Ny
Voting Board Members
13
Independent Board Members
13
Employees
4

Preparer

Firm
Matthew DiPasquale CPA LLC
Address
572 Route 303, Blauvelt, NY 10913
Preparer
Matthew DiPasquale
Phone
9143193025
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

“Program management & general fundraising$-0- $4,992 $-0- bookkeeping$5,100 $-0- $-0- development coordinator$-0- $4,000 $-0- website design$1,050 $-0- $-0- other contractors”

General explanation attachment

“Precious dreams foundation is run by dedicated volunteers and one 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DECISIONS ARE SUBJECT TO BOARD MEMBERS APPROVAL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING BODY IS REQUIRED TO BE PROVIDED A COPY OF THE FORM 990 FOR REVIEW PRIOR TO IT BEING FILED BY THE ACCOUNTING FIRM
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ADHERENCE TO THE CONFLICT 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 REQUESTBY EMAIL OR TELEPHONE. THE INFORMATION IS ALSO AVAILABLE ON THE ORGANIZATIONS WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PROGRAM MANAGEMENT & GENERAL FUNDRAISING$-0- $4,992 $-0- BOOKKEEPING$5,100 $-0- $-0- DEVELOPMENT COORDINATOR$-0- $4,000 $-0- WEBSITE DESIGN$1,050 $-0- $-0- OTHER CONTRACTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7PRECIOUS DREAMS FOUNDATION IS RUN BY DEDICATED VOLUNTEERS AND ONE 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/FormAndLineReferenceDesc6List of other fees for services expenses Part IX line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7General explanation attachment
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ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0NICOLE RUSSELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIREC
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0203987537
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Matthew DiPasquale CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0572 Route 303
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Blauvelt
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010913
ReturnHeader/PreparerPersonGrp/PhoneNum09143193025
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Matthew DiPasquale
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-11-13T13:54:00-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$305,360
Liabilities
$20,728
Net assets
$284,632
Revenue
$474,568
Expenses
$445,334
Net income
$29,234
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