Civic Intelligence

Megiddo Dream Station

990 • Fiscal year 2021 • EIN 45-5592497

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 03, 2021

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

37th percentile

0.02x

Higher debt load relative to assets than 37% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

49th percentile

0.09x

Higher debt load relative to revenue than 49% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

19th percentile

-5.0%

Higher net margin than 19% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

68th percentile

$95,106

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 22.5% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

23rd percentile

-1.2%

Faster asset growth than 23% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

14th percentile

-20%

Faster revenue growth than 14% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Down

$1,681,462

Down $20,982 (-1.2%) from 2020

Net Assets

Down

$1,644,412

Down $21,098 (-1.3%) from 2020

Liabilities

Up

$37,050

Up $116 (+0.3%) from 2020

Revenue

Down

$423,543

Down $104,207 (-20%) from 2020

Expenses

Down

$444,641

Down $10,791 (-2.4%) from 2020

Net Income

Down

-$21,098

Down $93,416 (-129%) from 2020

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

2021

Assets$1,681,462
Liabilities$37,050
Net Assets$1,644,412

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

2021

Revenue$423,543
Expenses$444,641
Net Income-$21,098
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 3, 2021
Return Version
2020v4.1
Gross Receipts
$435,583
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$1,665,510$1,644,412▼ $21,098
Land, Buildings, and Equipment, Net$1,594,839$1,561,802▼ $33,037
Cash and Non-Interest-Bearing Accounts$107,605$119,660▲ $12,055
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,702,444$1,681,462▼ $20,982
Liabilities
Other Liabilities$36,934$37,050▲ $116
Total Liabilities$36,934$37,050▲ $116
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,665,510$1,644,412▼ $21,098
Total Liabilities and Net Assets / Fund Balance$1,702,444$1,681,462▼ $20,982

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,046,427-$1,046,427
Buildings$366,317$45,720$412,037
Other Land Buildings$149,058$138,833$287,891
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kay BenitezExecutive DirectorFT$95,106$95,106

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
$353,115
Program Service Revenue
$46,136
Investment Income
$0
Other Revenue
$24,292
All Other Contributions
$316,685
Change in Net Assets
$-21,098
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$236,062
Salaries, Compensation, and Employee Benefits$208,579
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$76,085$19,021-$95,106
Other Salaries and Wages$74,803$18,701-$93,504
Depreciation Depletion$16,822$16,215-$33,037
Office Expenses$22,482$5,270-$27,752
Occupancy$14,802$3,701-$18,503
Payroll Taxes$12,694$3,174-$15,868
All Other Expenses$6,546$7,966-$14,512
Other Expenses$8,472$7,023-$8,472
Pension Plan Contributions$3,281$820-$4,101
Advertising$3,232$808-$4,040
Insurance$1,899$475-$2,374
Total Functional Expenses$361,467$83,174$0$444,641
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$36,332
Fundraising Direct Expenses$12,040
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$36,230
Simple Payable$820
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
2021-11-03
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
0

Preparer

Firm
Cherry Bekaert Llp
Address
137 OLD MARKET STREET SUITE 101, AIKEN, SC 29803
Preparer
Cindy Meares
Phone
8036482692
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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.
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