Civic Intelligence

Dream Park

990 • Fiscal year 2022 • EIN 46-4423585

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 02, 2023

PO Box 470517Fort Worth, TX 76147

(817) 366-4417

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

1st percentile

-161000%

Higher net margin than 1% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

41st percentile

-2.8%

Faster asset growth than 41% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

4th percentile

-88%

Faster revenue growth than 4% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$280,427

Down $8,050 (-2.8%) from 2021

Net Assets

Down

$280,427

Down $8,050 (-2.8%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Down

$5

Down $36 (-88%) from 2021

Expenses

Up

$8,055

Up $7,305 (+974%) from 2021

Net Income

Down

-$8,050

Down $7,341 (-1035%) from 2021

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2015: $224,717Liabilities 2015: $0Net Assets 2015: $224,7172015Assets 2016: $340,439Liabilities 2016: $0Net Assets 2016: $340,4392016Assets 2017: $789,662Liabilities 2017: $0Net Assets 2017: $789,6622017Assets 2018: $888,151Liabilities 2018: $34,195Net Assets 2018: $853,9562018Assets 2019: $289,904Liabilities 2019: $0Net Assets 2019: $289,9042019Assets 2020: $289,186Liabilities 2020: $0Net Assets 2020: $289,1862020Assets 2021: $288,477Liabilities 2021: $0Net Assets 2021: $288,4772021Assets 2022: $280,427Liabilities 2022: $0Net Assets 2022: $280,4272022Assets 2023: $286,034Liabilities 2023: $0Net Assets 2023: $286,0342023Assets 2024: $298,712Liabilities 2024: $0Net Assets 2024: $298,7122024

Highlighted filing

2022

Assets$280,427
Liabilities$0
Net Assets$280,427

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2015: $215,552Expenses 2015: $17,321Net Income 2015: $198,2312015Revenue 2016: $154,079Expenses 2016: $38,357Net Income 2016: $115,7222016Revenue 2017: $466,083Expenses 2017: $16,860Net Income 2017: $449,2232017Revenue 2018: $1,839,978Expenses 2018: $1,775,684Net Income 2018: $64,2942018Revenue 2019: $443,552Expenses 2019: $1,007,604Net Income 2019: -$564,0522019Revenue 2020: $32Expenses 2020: $750Net Income 2020: -$7182020Revenue 2021: $41Expenses 2021: $750Net Income 2021: -$7092021Revenue 2022: $5Expenses 2022: $8,055Net Income 2022: -$8,0502022Revenue 2023: $6,357Expenses 2023: $750Net Income 2023: $5,6072023Revenue 2024: $13,096Expenses 2024: $418Net Income 2024: $12,6782024

Highlighted filing

2022

Revenue$5
Expenses$8,055
Net Income-$8,050
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 2, 2023
Return Version
2022v5.0
Gross Receipts
$5
Mission and Program Overview

Mission

The corporation is organized and operated to raise funds for and construct a children's playground to be donated to the city of fort worth, texas. The 57,000 square foot, universally inclusive playground, will be a place where children of all abilities can interact and play side- by-side. The park will be the first of its kind in the fort worth community. It will not only meet, but exceed ada accessibility guidelines.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$288,477$280,427▼ $8,050
Total Assets$288,477$280,427▼ $8,050
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$288,477$280,427▼ $8,050
Total Net Assets Fund Balance$288,477$280,427▼ $8,050
Total Liabilities and Net Assets / Fund Balance$288,477$280,427▼ $8,050

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018-$250,000--$250,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Rachael ChurchillPresident
Corrie WatsonSecretary
Sandy MeschTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$5
Change in Net Assets
$-8,050
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$7,305
Other Expenses$750
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$7,305--$7,305
Fees for Services Other$750--$750
Total Functional Expenses$8,055$0$0$8,055
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Fort Worth Musuem of Science & HistFort Worth, TX-General Purpose$7,305
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
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
No
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, Page 6, Part VI, Line 2

Mesch, pllc partner cpa/tax preparer

Form 990, Page 6, Part VI, Line 11B

Return is reviewed by the board members

Form 990, Page 6, Part VI, Line 12C

1.if the board of directors (or any committee having board authority) is considering entering into any transaction or arrangement with a corporation, entity or individual in which an interested person has a financial interest, (a) the interested person must disclose the potential conflict of interest to board of directors or the committee, as the case may be, (b) the interested person must leave the meeting while the matter is discussed, and (c) the interested person, if he has any voting rights, may not vote on the matter in question. 2.if it is determined that a conflict exists, (a) the interested person must leave the meeting during the discussion of, and the vote on, the transaction or arrangement that results in the conflict of interest. (b) if appropriate, the board of directors or any committee having board authority as the case may be, may appoint a non-interested person tor committee to investigate alternatives to the proposed transaction or arrangement. (c) the board of directors or any committee having board authority, as the case may be, may determine, by a majority vote of the non-interested voting members, that (i) the transaction or arrangement is in the corporation's best interest and for its own benefit and is fair and reasonable to the corporation and (ii) after exercising due diligence, the organization cannot obtain a more advantageous transaction or arrangement with reasonable efforts under the circumstances; and (d) the board of directors must take appropriate disciplinary action with respect to an interested person who violates the conflicts of interest policy to protect the corporation's best interests.

Form 990, Page 6, Part VI, Line 19

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Dream Park
EIN
46-4423585
Address
PO BOX 470517, FORT WORTH, TX 76147

Signing Officer

Name
Rachael Churchill
Title
President
Phone
8177788620
Signed
2023-11-02

Organization Details

Principal Officer
Sandy Mesch
Formed
2012
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Mesch Pllc
Address
600 TEXAS STREET, FORT WORTH, TX 76102
Preparer
Fred Mesch
Phone
8177101500
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The corporation is organized and operated to raise funds for and construct a children's playground to be donated to the city of fort worth, texas. The 57,000 square foot, universally inclusive playground, will be a place where children of all abilities can interact and play side- by-side. The park will be the first of its kind in the fort worth community. It will not only meet, but exceed ada accessibility guidelines.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

250,000.00 was reserved as an endowment to replace and maintain the rubber surfacing at dream park.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt31.IF THE BOARD OF DIRECTORS (OR ANY COMMITTEE HAVING BOARD AUTHORITY) IS CONSIDERING ENTERING INTO ANY TRANSACTION OR ARRANGEMENT WITH A CORPORATION, ENTITY OR INDIVIDUAL IN WHICH AN INTERESTED PERSON HAS A FINANCIAL INTEREST, (A) THE INTERESTED PERSON MUST DISCLOSE THE POTENTIAL CONFLICT OF INTEREST TO BOARD OF DIRECTORS OR THE COMMITTEE, AS THE CASE MAY BE, (B) THE INTERESTED PERSON MUST LEAVE THE MEETING WHILE THE MATTER IS DISCUSSED, AND (C) THE INTERESTED PERSON, IF HE HAS ANY VOTING RIGHTS, MAY NOT VOTE ON THE MATTER IN QUESTION. 2.IF IT IS DETERMINED THAT A CONFLICT EXISTS, (A) THE INTERESTED PERSON MUST LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT THAT RESULTS IN THE CONFLICT OF INTEREST. (B) IF APPROPRIATE, THE BOARD OF DIRECTORS OR ANY COMMITTEE HAVING BOARD AUTHORITY AS THE CASE MAY BE, MAY APPOINT A NON-INTERESTED PERSON TOR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. (C) THE BOARD OF DIRECTORS OR ANY COMMITTEE HAVING BOARD AUTHORITY, AS THE CASE MAY BE, MAY DETERMINE, BY A MAJORITY VOTE OF THE NON-INTERESTED VOTING MEMBERS, THAT (I) THE TRANSACTION OR ARRANGEMENT IS IN THE CORPORATION'S BEST INTEREST AND FOR ITS OWN BENEFIT AND IS FAIR AND REASONABLE TO THE CORPORATION AND (II) AFTER EXERCISING DUE DILIGENCE, THE ORGANIZATION CANNOT OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORTS UNDER THE CIRCUMSTANCES; AND (D) THE BOARD OF DIRECTORS MUST TAKE APPROPRIATE DISCIPLINARY ACTION WITH RESPECT TO AN INTERESTED PERSON WHO VIOLATES THE CONFLICTS OF INTEREST POLICY TO PROTECT THE CORPORATION'S BEST INTERESTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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ReturnHeader/Filer/BusinessNameControlTxt0DREA
ReturnHeader/Filer/EIN0464423585
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 470517
ReturnHeader/Filer/USAddress/CityNm0FORT WORTH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd076147
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0274197566
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MESCH PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0600 TEXAS STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FORT WORTH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd076102
ReturnHeader/PreparerPersonGrp/PhoneNum08177101500
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0FRED MESCH
ReturnHeader/ReturnTs02023-11-14T12:55:08-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0RACHAEL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CHURCHILL
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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Filings

Peer Organizations

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