Civic Intelligence

The Dream Center

EIN 46-0942657 • 501(c)3 • Iowa City, IA

Profile

The Corporation is organized exclusively for the purpose of inspiring, uplifting, empowering, and equipping individuals with the tools needed to reach their full potential. Not withstanding the foregoing, however, the Corporation is organized exclusively for charitable and educational purposes, including, for such purposes, the making of distributions to organizations that qualify as exempt organizations under Section 501(c) (3) of the Internal Revenue Code of 1986, as amended (or the corresponding provision of any future United States Internal Revenue Law).

611 Southgate AvenueIowa City, IA 52240

www.dreamcityia.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

91st percentile

0.76x

Higher debt load relative to assets than 91% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

95th percentile

2.00x

Higher debt load relative to revenue than 95% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

88th percentile

45%

Higher net margin than 88% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

99th percentile

1359%

Faster asset growth than 99% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

81st percentile

46%

Faster revenue growth than 81% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$786,030

Up $732,164 (+1359%) from 2023

Liabilities

Up

$601,092

Up $601,092 from 2023

Net Assets

Up

$184,938

Up $131,072 (+243%) from 2023

Revenue

Up

$300,851

Up $94,763 (+46%) from 2023

Expenses

Down

$165,806

Down $54,718 (-25%) from 2023

Net Income

Up

$135,045

Up $149,481 (+1035%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2017: $8,272Liabilities 2017: $0Net Assets 2017: $8,2722017Assets 2018: $3,490Liabilities 2018: $0Net Assets 2018: $3,4902018Assets 2019: $21,609Liabilities 2019: $0Net Assets 2019: $21,6092019Assets 2020: $46,447Liabilities 2020: $0Net Assets 2020: $46,4472020Assets 2021: $71,524Liabilities 2021: $0Net Assets 2021: $71,5242021Assets 2022: $68,302Liabilities 2022: $0Net Assets 2022: $68,3022022Assets 2023: $53,866Liabilities 2023: $0Net Assets 2023: $53,8662023Assets 2024: $786,030Liabilities 2024: $601,092Net Assets 2024: $184,9382024

Highlighted filing

2024

Assets$786,030
Liabilities$601,092
Net Assets$184,938

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$300K$200K$100K$0-$100KRevenue 2017: $78,564Expenses 2017: $72,372Net Income 2017: $6,1922017Revenue 2018: $57,413Expenses 2018: $68,195Net Income 2018: -$10,7822018Revenue 2019: $46,933Expenses 2019: $29,379Net Income 2019: $17,5542019Revenue 2020: $132,618Expenses 2020: $107,780Net Income 2020: $24,8382020Revenue 2021: $234,652Expenses 2021: $194,332Net Income 2021: $40,3202021Revenue 2022: $256,594Expenses 2022: $259,816Net Income 2022: -$3,2222022Revenue 2023: $206,088Expenses 2023: $220,524Net Income 2023: -$14,4362023Revenue 2024: $300,851Expenses 2024: $165,806Net Income 2024: $135,0452024

Highlighted filing

2024

Revenue$300,851
Expenses$165,806
Net Income$135,045

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Nov 14, 2024
Return Version
2023v5.1
Gross Receipts
$300,851
Mission and Program Overview

Mission

The Corporation is organized exclusively for the purpose of inspiring, uplifting, empowering, and equipping individuals with the tools needed to reach their full potential. Not withstanding the foregoing, however, the Corporation is organized exclusively for charitable and educational purposes, including, for such purposes, the making of distributions to organizations that qualify as exempt organizations under Section 501c 3 of the Internal Revenue Code of 1986, as amended or the corresponding provision of any future United States Internal Revenue Law.

The Corporation is organized exclusively for the purpose of inspiring, uplifting, empowering, and equipping individuals with the tools needed to reach their full potential. Not withstanding the foregoing, however, the Corporation is organized exclusively for charitable and educational purposes, including, for such purposes, the making of distributions to organizations that qualify as exempt organizations under Section 501(c) (3) of the Internal Revenue Code of 1986, as amended (or the corresponding provision of any future United States Internal Revenue Law).

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net-$677,754-
Cash and Non-Interest-Bearing Accounts$50,520$97,836▲ $47,316
Prepaid Expenses and Deferred Charges-$10,440-
Pledges and Grants Receivable$3,346$0▼ $3,346
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$53,866$786,030▲ $732,164
Other Assets Total-$0-
Liabilities
Deferred Revenue-$593,333-
Accounts Payable and Accrued Expenses-$7,758-
Other Liabilities-$1-
Total Liabilities$0$601,092▲ $601,092
Net Assets / Fund Balance
Net Assets With Donor Restrictions-$135,045-
Net Assets Without Donor Restrictions$53,866$49,893▼ $3,973
Total Net Assets Fund Balance$53,866$184,938▲ $131,072
Total Liabilities and Net Assets / Fund Balance$53,866$786,030▲ $732,164

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$423,871$1,479$425,350
Land$253,883-$253,883
Equipment-$13,750$13,750
Compensation and Service Providers

Board Members and Trustees

NameTitle
Bob GoodfellowChairman
Angie JordanDirector
Emily DvorakDirector
Julie DancerDirector
Karyl BohnsackDirector
Kate DegnerDirector
Kelby McClaranDirector
Terrance ThamesDirector
Megan MatthewsSecretary
Aminata TaylorTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$273,068
Program Service Revenue
$27,783
Investment Income
$0
Other Revenue
$0
All Other Contributions
$45,265
Change in Net Assets
$135,045
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$114,349
Other Expenses$51,457
Total Fundraising Expense$22,975
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$58,754$21,516$22,975$103,245
Fees for Services Other$7,500$10,000-$17,500
Other Expenses$17,496--$17,496
Occupancy$12,004--$12,004
Payroll Taxes$10,992--$10,992
Office Expenses$2,530--$2,530
Fees for Services Accounting$1,098--$1,098
Travel$829--$829
Other Employee Benefits$112--$112
Total Functional Expenses$111,315$31,516$22,975$165,806
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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
No
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

The process for reviewing our organization's Form 990 is designed to ensure accuracy. In reviewing these documents, the board members are welcomed to contact the preparer directly. Any identified discrepancies or inaccuracies are addressed and the document is updated accordingly. The Treasurer's also meticulous ensures that the prepared return is in compliance with the IRS's requirements.

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

The organization request both management and the board of directors to diclose all conflict on an annual basis. Including organizations where they serve in a similar capacity.

Form 990, Part VI, Section B, Line 15A

Usually through a designated "compensation subcommittee" we analyzes market data and the Executive Director's responsibilities to set a fair pay package; this process aims to incentivize strong leadership while remaining within reasonable limits for the organization.

Form 990, Part VI, Section C, Line 18

Conflict of intererest, 990

Form 990, Part VI, Section C, Line 19

In alignment with our commitment to transparency and accountability upon request.

Filing and Contact Details

Filer

Filer Name
The Dream Center
EIN
46-0942657
Phone
3195941044
Address
611 Southgate Avenue, Iowa City, IA 52240

Signing Officer

Name
Fred Newell
Title
Executive Director
Signed
2024-11-14
Discuss with paid preparer
Yes

Organization Details

Formed
2012
Legal Domicile
Ia
Voting Board Members
10
Independent Board Members
10
Employees
14

Preparer

Firm
Tailored Tax and Accounting LLC
Address
136 S Dubuque Street, Iowa City, IA 52240
Preparer
Aminata Taylor
Phone
3196512189
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

Resource Center HUB, the organization received significant grant funding to create a resources HUB for the community that includes a commercial kitchen, commercial space, meeting area to be utilized for the betterment of entrepreneurs.

Form 990, Part III, Line 3

The organization, has taken on a new program , that has started with a construction project to create a resource hub hub and community gathering place for the region.

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IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt010992
IRS990/PayrollTaxesGrp/TotalAmt010992
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt03346
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt010440
IRS990/PriorPeriodAdjustmentsAmt0-3973
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0561700
IRS990/ProgramServiceRevenueGrp/BusinessCd1532000
IRS990/ProgramServiceRevenueGrp/Desc0Income from lawn care
IRS990/ProgramServiceRevenueGrp/Desc1Resource HUB Rent
IRS990/ProgramServiceRevenueGrp/ExclusionAmt0105
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt016028
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt111650
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt016133
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt111650
IRS990/ProgSrvcAccomActy2Grp/Desc0Youth Program-Our Youth Leadership Academy is broken into two sectors (summer and after school). Our Summer program provided mentoring academic, and personal enrichment activities to 100+ youth in the summer, ages 10-17. The program was 4 days a week for 6 weeks throughout the summer. Our RISE After School Youth Leadership Program provided quality after-school programming consisting of weekly goal setting, academic supports, service projects, mentoring and group discussions focused on character,and building community connections. This program served 60+ youth ages 9-17 5 days a week. This program was funded by Johnson County Board of Supervisors Juvenile Justice Youth Development Fund.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt033611
IRS990/ProgSrvcAccomActy2Grp/GrantAmt057100
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt083781
IRS990/ProgSrvcAccomActy3Grp/Desc0Lawn Care Program- This program provides entrepreneurial skills for youth.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt09926
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt015588
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0184575
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt084393
IRS990/PYProgramServiceRevenueAmt021513
IRS990/PYRevenuesLessExpensesAmt0-14436
IRS990/PYSalariesCompEmpBnftPaidAmt0136131
IRS990/PYTotalExpensesAmt0220524
IRS990/PYTotalRevenueAmt0206088
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0135045
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt080710
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0273068
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0206088
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0256594
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0234652
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0132618
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01103020
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt011755
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt011755
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.53330
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt0594513
IRS990ScheduleA/SubstantialContributorsTotAmt0508507
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0273068
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0206088
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0256594
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0234652
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0132618
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01103020
IRS990ScheduleA/TotalSupportAmt01114775
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0423871
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01479
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0425350
IRS990ScheduleD/EquipmentGrp/DepreciationAmt013750
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt013750
IRS990ScheduleD/LandGrp/BookValueAmt0253883
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0253883
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Rounding
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0677754
IRS990ScheduleD/TotalLiabilityAmt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Resource Center HUB, the organization received significant grant funding to create a resources HUB for the community that includes a commercial kitchen, commercial space, meeting area to be utilized for the betterment of entrepreneurs.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization, has taken on a new program , that has started with a construction project to create a resource hub hub and community gathering place for the region.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The process for reviewing our organization's Form 990 is designed to ensure accuracy. In reviewing these documents, the board members are welcomed to contact the preparer directly. Any identified discrepancies or inaccuracies are addressed and the document is updated accordingly. The Treasurer's also meticulous ensures that the prepared return is in compliance with the IRS's requirements.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization request both management and the board of directors to diclose all conflict on an annual basis. Including organizations where they serve in a similar capacity.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Usually through a designated "compensation subcommittee" we analyzes market data and the Executive Director's responsibilities to set a fair pay package; this process aims to incentivize strong leadership while remaining within reasonable limits for the organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Conflict of intererest, 990
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6In alignment with our commitment to transparency and accountability upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part III, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0true
IRS990/SignificantNewProgramSrvcInd0true
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt053866
IRS990/TotalAssetsEOYAmt0786030
IRS990/TotalAssetsGrp/BOYAmt053866
IRS990/TotalAssetsGrp/EOYAmt0786030
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0273068
IRS990/TotalEmployeeCnt014
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt022975
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt031516
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0111315
IRS990/TotalFunctionalExpensesGrp/TotalAmt0165806
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt0601092
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0601092
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt053866
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0184938
IRS990/TotalProgramServiceExpensesAmt0111315
IRS990/TotalProgramServiceRevenueAmt027783
IRS990/TotalRevenueGrp/ExclusionAmt0105
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt027678
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0300851
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt053866

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