Civic Intelligence

Megiddo Dream Station

990 • Fiscal year 2020 • EIN 45-5592497

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 06, 2020

103 Canal StreetGraniteville, SC 29829

(803) 392-7044

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.02x

Higher debt load relative to assets than 32% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

38th percentile

0.07x

Higher debt load relative to revenue than 38% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

65th percentile

14%

Higher net margin than 65% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

67th percentile

$94,774

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 18.0% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

52nd percentile

6.8%

Faster asset growth than 52% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

91st percentile

79%

Faster revenue growth than 91% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,702,444

Up $108,678 (+6.8%) from 2019

Net Assets

Up

$1,665,510

Up $72,318 (+4.5%) from 2019

Liabilities

Up

$36,934

Up $36,360 (+6334%) from 2019

Revenue

Up

$527,750

Up $233,548 (+79%) from 2019

Expenses

Up

$455,432

Up $151,849 (+50%) from 2019

Net Income

Up

$72,318

Up $81,699 (+871%) from 2019

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2013: $1,217,921Liabilities 2013: $4,115Net Assets 2013: $1,213,8062013Assets 2014: $1,276,010Liabilities 2014: $5,756Net Assets 2014: $1,270,2542014Assets 2015: $1,523,715Liabilities 2015: $4,674Net Assets 2015: $1,519,0412015Assets 2016: $1,631,162Liabilities 2016: $0Net Assets 2016: $1,631,1622016Assets 2017: $1,693,651Liabilities 2017: $1,605Net Assets 2017: $1,692,0462017Assets 2018: $1,603,256Liabilities 2018: $683Net Assets 2018: $1,602,5732018Assets 2019: $1,593,766Liabilities 2019: $574Net Assets 2019: $1,593,1922019Assets 2020: $1,702,444Liabilities 2020: $36,934Net Assets 2020: $1,665,5102020Assets 2021: $1,681,462Liabilities 2021: $37,050Net Assets 2021: $1,644,4122021Assets 2022: $1,722,381Liabilities 2022: $504Net Assets 2022: $1,721,8772022Assets 2023: $1,577,457Liabilities 2023: $346Net Assets 2023: $1,577,1112023

Highlighted filing

2020

Assets$1,702,444
Liabilities$36,934
Net Assets$1,665,510

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2013: $1,293,106Expenses 2013: $79,300Net Income 2013: $1,213,8062013Revenue 2014: $170,834Expenses 2014: $114,386Net Income 2014: $56,4482014Revenue 2015: $372,163Expenses 2015: $123,376Net Income 2015: $248,7872015Revenue 2016: $293,697Expenses 2016: $181,576Net Income 2016: $112,1212016Revenue 2017: $366,937Expenses 2017: $306,053Net Income 2017: $60,8842017Revenue 2018: $220,024Expenses 2018: $309,497Net Income 2018: -$89,4732018Revenue 2019: $294,202Expenses 2019: $303,583Net Income 2019: -$9,3812019Revenue 2020: $527,750Expenses 2020: $455,432Net Income 2020: $72,3182020Revenue 2021: $423,543Expenses 2021: $444,641Net Income 2021: -$21,0982021Revenue 2022: $730,045Expenses 2022: $652,580Net Income 2022: $77,4652022Revenue 2023: $542,334Expenses 2023: $687,100Net Income 2023: -$144,7662023

Highlighted filing

2020

Revenue$527,750
Expenses$455,432
Net Income$72,318
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 6, 2020
Return Version
2019v5.1
Gross Receipts
$527,750
Mission and Program Overview

Mission

The megiddo dream station is a charity that supports the self-sufficiency of families and the spiritual, physical, academic and social development of children.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,593,192$1,665,510▲ $72,318
Land, Buildings, and Equipment, Net$1,575,818$1,594,839▲ $19,021
Cash and Non-Interest-Bearing Accounts$13,583$107,605▲ $94,022
Prepaid Expenses and Deferred Charges$4,365--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,593,766$1,702,444▲ $108,678
Liabilities
Other Liabilities$574$36,934▲ $36,360
Total Liabilities$574$36,934▲ $36,360
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,593,192$1,665,510▲ $72,318
Total Liabilities and Net Assets / Fund Balance$1,593,766$1,702,444▲ $108,678

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,046,427-$1,046,427
Buildings$376,882$35,155$412,037
Other Land Buildings$171,530$116,361$287,891
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kay BenitezExecutive DirectorFT$94,774$94,774

Board Members and Trustees

NameTitle
Christine RuskinChair
Norman DunaganPast Chair
Amy HaneBoard Member
Angela BurkhalterBoard Member
Kevin PethickBoard Member
Nicole GoforthBoard Member
Nyles EllefsonBoard Member
Donna FanningSecretary
Cindy MearesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$495,097
Program Service Revenue
$30,334
Investment Income
$0
Other Revenue
$2,319
All Other Contributions
$495,097
Change in Net Assets
$72,318
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$252,748
Salaries, Compensation, and Employee Benefits$202,684
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$75,819$18,955-$94,774
Other Salaries and Wages$70,702$17,675-$88,377
Depreciation Depletion$16,586$18,017-$34,603
Office Expenses$20,678$5,020-$25,698
All Other Expenses$15,621$8,657-$24,278
Occupancy$15,163$3,791-$18,954
Payroll Taxes$12,310$3,077-$15,387
Other Expenses$2,150$9,057-$9,057
Insurance$6,173$1,543-$7,716
Pension Plan Contributions$3,317$829-$4,146
Advertising$1,168$292-$1,460
Fees for Services Accounting-$590-$590
Conferences and Meetings$225$56-$281
Travel-$239-$239
Total Functional Expenses$347,101$108,331$0$455,432
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$1,974
Fundraising Direct Expenses$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Paycheck Protection Program Loan Proceeds$36,430
Simple Payable$504
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Management duties delegated
No

Governance Explanations

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

Form 990 is prepared by an independent accounting firm and is made available to the chair and treasurer of the organization to review and comment on any changes the organization may deem necessary. The organization notifies the accounting firm of the acceptance of form 990 and supporting schedules and the return is then filed with the internal revenue service and any other required entities.

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

Each member of the board acknowledges the duty to disclose any conflicts of interest. If any board member discloses a conflict, that member leaves the governing board while the conflict of interest is discussed and voted upon by the remaining board members.

Form 990, Part VI, Section B, Line 15

Officer's compensation was determined by research the compensation of executive directors of local non-profits with similar missions, experience and skill set.

Form 990, Part VI, Section C, Line 19

The organization has all governing documents as well as form 990 available to the public upon request at the organization's office.

Filing and Contact Details

Filer

Filer Name
Megiddo Dream Station
EIN
45-5592497
Phone
8033927044
Address
103 CANAL STREET, GRANITEVILLE, SC 29829

Signing Officer

Name
Kay Benitez
Title
Executive Director
Phone
8033927044
Signed
2020-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kay Benitez
Formed
2012
Legal Domicile
Sc
Voting Board Members
9
Independent Board Members
0
Employees
0
Volunteers
3,158

Preparer

Firm
Cherry Bekaert Llp
Address
137 OLD MARKET STREET SUITE 101, AIKEN, SC 29803
Preparer
Cindy Meares
Phone
8036482692
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IRS990/QuidProQuoContributionsInd00
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IRS990/RegularMonitoringEnfrcInd01
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IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0198755
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01593192
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01631846
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt03
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0161
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0269
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0486
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt077652
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0345
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0400
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0745
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IRS990ScheduleA/PublicSupportPY170Pct00.99540
IRS990ScheduleA/PublicSupportTotal170Amt01631846
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0284286
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01631846
IRS990ScheduleA/TotalSupportAmt01636410
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IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt01500
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt03333
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IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0376882
IRS990ScheduleD/BuildingsGrp/DepreciationAmt035155
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0412037
IRS990ScheduleD/LandGrp/BookValueAmt01046427
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01046427
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0171530
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0116361
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0287891
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0504
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt136430
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SIMPLE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYCHECK PROTECTION PROGRAM LOAN PROCEEDS
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IRS990ScheduleD/TotalLiabilityAmt036934
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND IS MADE AVAILABLE TO THE CHAIR AND TREASURER OF THE ORGANIZATION TO REVIEW AND COMMENT ON ANY CHANGES THE ORGANIZATION MAY DEEM NECESSARY. THE ORGANIZATION NOTIFIES THE ACCOUNTING FIRM OF THE ACCEPTANCE OF FORM 990 AND SUPPORTING SCHEDULES AND THE RETURN IS THEN FILED WITH THE INTERNAL REVENUE SERVICE AND ANY OTHER REQUIRED ENTITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH MEMBER OF THE BOARD ACKNOWLEDGES THE DUTY TO DISCLOSE ANY CONFLICTS OF INTEREST. IF ANY BOARD MEMBER DISCLOSES A CONFLICT, THAT MEMBER LEAVES THE GOVERNING BOARD WHILE THE CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON BY THE REMAINING BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OFFICER'S COMPENSATION WAS DETERMINED BY RESEARCH THE COMPENSATION OF EXECUTIVE DIRECTORS OF LOCAL NON-PROFITS WITH SIMILAR MISSIONS, EXPERIENCE AND SKILL SET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS ALL GOVERNING DOCUMENTS AS WELL AS FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST AT THE ORGANIZATION'S OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990/WebsiteAddressTxt0HTTP://MEGIDDO-STATION.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01

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