Civic Intelligence

Believe in Dreams

990 • Fiscal year 2018 • EIN 47-1382653

Jan 01, 2018 to Dec 31, 2018 • Filed on Sep 04, 2019

23245B Mercantile RoadBeachwood, OH 44122

(440) 484-2376

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.05x

Higher debt load relative to assets than 73% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

72nd percentile

0.03x

Higher debt load relative to revenue than 72% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

74th percentile

18%

Higher net margin than 74% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

93rd percentile

$55,192

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 17.7% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

93rd percentile

147%

Faster asset growth than 93% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

88th percentile

60%

Faster revenue growth than 88% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$175,739

Up $104,574 (+147%) from 2017

Net Assets

Up

$167,325

Up $100,514 (+150%) from 2017

Liabilities

Up

$8,414

Up $4,060 (+93%) from 2017

Revenue

Up

$311,431

Up $117,129 (+60%) from 2017

Expenses

Up

$255,897

Up $65,074 (+34%) from 2017

Net Income

Up

$55,534

Up $52,055 (+1496%) from 2017

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2016: $66,464Liabilities 2016: $3,132Net Assets 2016: $63,3322016Assets 2017: $71,165Liabilities 2017: $4,354Net Assets 2017: $66,8112017Assets 2018: $175,739Liabilities 2018: $8,414Net Assets 2018: $167,3252018Assets 2019: $202,643Liabilities 2019: $16,816Net Assets 2019: $185,8272019Assets 2020: $121,782Liabilities 2020: $25,516Net Assets 2020: $96,2662020Assets 2021: $119,873Liabilities 2021: $19,018Net Assets 2021: $100,8552021Assets 2022: $96,729Liabilities 2022: $7,873Net Assets 2022: $88,8562022Assets 2023: $179,637Liabilities 2023: $15,927Net Assets 2023: $163,7102023Assets 2024: $97,661Liabilities 2024: $33,814Net Assets 2024: $63,8472024

Highlighted filing

2018

Assets$175,739
Liabilities$8,414
Net Assets$167,325

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2016: $116,822Expenses 2016: $74,268Net Income 2016: $42,5542016Revenue 2017: $194,302Expenses 2017: $190,823Net Income 2017: $3,4792017Revenue 2018: $311,431Expenses 2018: $255,897Net Income 2018: $55,5342018Revenue 2019: $346,764Expenses 2019: $328,262Net Income 2019: $18,5022019Revenue 2020: $293,368Expenses 2020: $382,929Net Income 2020: -$89,5612020Revenue 2021: $452,298Expenses 2021: $447,709Net Income 2021: $4,5892021Revenue 2022: $519,693Expenses 2022: $531,692Net Income 2022: -$11,9992022Revenue 2023: $639,467Expenses 2023: $564,613Net Income 2023: $74,8542023Revenue 2024: $489,896Expenses 2024: $589,759Net Income 2024: -$99,8632024

Highlighted filing

2018

Revenue$311,431
Expenses$255,897
Net Income$55,534
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Sep 4, 2019
Return Version
2018v3.1
Gross Receipts
$359,724
Mission and Program Overview

Mission

Provide access to enriching opportunity, connection to community and hope for the future through a specific dream granted. Dreams are personalized to make a positive, lasting impact on each child and their family.

Fulfill dreams for resilient youth with non-medical trauma (see schedule o for more detail.)

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$71,165$140,739▲ $69,574
Pledges and Grants Receivable$0$35,000▲ $35,000
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$71,165$175,739▲ $104,574
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$4,354$8,414▲ $4,060
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$4,354$8,414▲ $4,060
Net Assets / Fund Balance
Unrestricted Net Assets$66,811$132,325▲ $65,514
Temporarily Rstr Net Assets$0$35,000▲ $35,000
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$66,811$167,325▲ $100,514
Total Liabilities and Net Assets / Fund Balance$71,165$175,739▲ $104,574
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Katie EichenauerExecutive DirectorFT$55,192$55,192

Board Members and Trustees

NameTitle
John R DijuliusBoard Chair
Dan RichardsDirector
Erin E Marks EsqDirector
Gene RobertsDirector
Harvey SiegelDirector
Marc BlaushildDirector
Marybeth RowseDirector
Nicholas J BeganDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$261,464
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$49,967
All Other Contributions
$221,432
Change in Net Assets
$55,534

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table0$23,770Fair Market Value (FMV)
Other Non Cash Contri Table1$1,923Fair Market Value (FMV)
Other Non Cash Contri Table1$1,478Fair Market Value (FMV)
Other Non Cash Contri Table2$870Fair Market Value (FMV)
Other Non Cash Contri Table5$375Fair Market Value (FMV)
Other Non Cash Contri Table4$330Fair Market Value (FMV)
Other Non Cash Contri Table15$300Fair Market Value (FMV)
Clothing and Household Goods-$295Fair Market Value (FMV)
Other Non Cash Contri Table1$245Fair Market Value (FMV)
Other Non Cash Contri Table1$50Fair Market Value (FMV)
Other Non Cash Contri Table2$22Fair Market Value (FMV)
Total Noncash Contributions32$29,658-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$133,761
Grants and Similar Amounts Paid$92,055
Other Expenses$30,081
Total Fundraising Expense$24,407
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$74,123$22,800$21,173$118,096
Grants to Domestic Individuals$92,055--$92,055
Fees for Services Other$3,636$9,570$150$13,356
Payroll Taxes$5,798$1,783$1,656$9,237
Occupancy$4,976$2,174-$7,150
Other Employee Benefits$4,035$1,241$1,152$6,428
Office Expenses$2,044$978$94$3,116
Travel$921$475$35$1,431
Insurance$648$272-$920
Other Expenses$248$325$12$585
All Other Expenses$21$28$1$50
Total Functional Expenses$189,968$41,522$24,407$255,897
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$98,260
Fundraising Direct Expenses$48,293
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$78,437$62,799$8,656$54,143
Gala$41,044$16,650$2,809$13,841
Total Events$138,293$98,261$48,294$49,967
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
John Dijulius Iiijohn Roberts SpaFounder/board DirectorOffice OverheadNo$14,322
John Dijulius Iiithe Dijulius GrpFounder/board DirectorOffice OverheadNo$8,787

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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 A, LINE 2:

2 key emplyees are related to each other and to the founder, board chair, john dijulius iii.

FORM 990, PART VI SECTION A, LINE 7A:

Trustees and board chair have the authority to elect or appoint one or more members of the governing body.

FORM 990, PART VI, SECTION B, LINE 11B:

Copies are provided to board prior to filing

FORM 990, PART VI, SECTION B, LINE 15B:

Compensation is reviewed and approved by the human resource governance committee chair and board chair.

FORM 990, PART VI, SECTION C, LINE 19:

This organization's governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Believe in Dreams
EIN
47-1382653
In Care Of
% KATIE EICHENAUER
Phone
4404842376
Address
23245B Mercantile Road, Beachwood, OH 44122

Signing Officer

Name
John R Dijulius Iii
Title
Board Chair
Phone
4404842376
Signed
2019-09-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John R Dijulius Iii
Formed
2014
Legal Domicile
Oh
Voting Board Members
8
Independent Board Members
8
Employees
3
Volunteers
15

Preparer

Firm
Hw&co
Address
23240 Chagrin Blvd Suite 700, Cleveland, OH 44122-5450
Preparer
David M Reape CPA
Phone
2168311200
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:

Believe in dreams mission is to fulfill dreams of economically disadvantaged youth who have survived non-medical trauma by providing accesst to enriching opportunities, connection to community and hope for the future. We provided access to positive life experiences through a specific dream granted. Children are nominated by professional adults (counselors, social workers, teachers, coaches, etc.) that they have come in contact with, who observe resilience and positive qualities in them. Examples of dream experiences have included enrollment in lessons or classes, visiting places or entities for the first time otherwise outside their attainment, meeting or shadowing someone who inspires them, coverage of costs for activities or experiences previously not possible, or providing material items that remove barriers from reaching a life goal. Believe in dreams empowers children to believe.

Form 990, Part III, Line 4A, Program Service Accomplishments

We provide access to positive life experiences through a specific dream granted. Children are nominated by professional adults (counselors, social workers, teachers, coaches, etc.) that they come in contact with, who observe resilience and positive qualities in them. Examples of dream experiences have included enrollment in lessons or classes of something they want to learn about, visiting places or entities for the first time otherwise outside their attainment, meeting or shadowing someone who inspires them, vip access to sporting and entertaiment events, coverage of costs for activities or experiences previously not possible, or providing material items that remove barriers from reaching a life goal. Believe in dreams empowers children to believe in themselves, their dreams and their future by opening up previously unknown possiblities.

FORM 990, VI, SECTION B, LINE 12C:

Governing body is required to review the policy annually and sign disclosure.

Form 990, Part III, Line 1

We continue to increase our dream fulfillment capacity and have grown our program by an average of 56% each year. We provide access to opportunities for an underserved population of children who are often left in the shadows and forgotten by our community. As we streamline our processes, more resources and revenue will be going towards dream programming every year. We collect data on the impact of a dream and are very proud to report that over 75% of participants shared that their dream experience 'very much' removed a barrier to acheiving a goal previously unattainable. Over 90% of participants shared that their dream experience 'very much' impacted their motivation. We are a lean, local organization, adding a 3rd employee in 2018 to assist with adminstrative functions. We also reached over 280 youth in 2018 through our "dream big" seminar that is presented to youth by believe in dreams founder and motivational speaker, john r. Dijulius, iii. We planfully utilize the time and expertise of skilled volunteers and college student interns . Our goal is to make an impact in northeast ohio by linking vulnerable youth to local opportunities that will bring them joy, education and positive life experiences, while encouraging every child to dream big!

Financial Statement Notes

Sch D, Part X, Line 2

The Organization is a nonprofit corporation as described in Section 501(c)(3) of the Internal Revenue Code and is exempt from Federal income taxes on related income pursuant to Section 501(a) of the Code. Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Organization and recognize a tax liability if the organization has taken an uncertain position that more likely than not would not be sustained upon examination by taxing authorities. The Organization's evaluation at December 31, 2018 revealed no tax positions that would have a material impact on the financial statements. The Organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Management believes it is no longer subject to Federal income tax examination for years prior to 2015.

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IRS990/ProgSrvcAccomActy2Grp/Desc0DREAM BIG CHOOSE GREATNESS SEMINAR: BELIEVE IN DREAMS FOUNDER AND MOTIVATIONAL SPEAKER, JOHN R. DIJULIUS III, PROVIDES A FREE SEMINAR TO SCHOOLS AND YOUTH SERVING PROGRAMS OF ADOLESCENTS. JOHN SHARES SIMPLE YET EFFECTIVE HABITS OF OVERACHIEVERS, GIVING YOUTH THE FOUNDATION, AND MOTIVATION, OF HOW TO DREAM BIG AND ACCOMPLISH THOSE DREAMS. THROUGH THIS SEMINAR, WE REACHED 287 YOUTH IN 2018.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization is a nonprofit corporation as described in Section 501(c)(3) of the Internal Revenue Code and is exempt from Federal income taxes on related income pursuant to Section 501(a) of the Code. Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Organization and recognize a tax liability if the organization has taken an uncertain position that more likely than not would not be sustained upon examination by taxing authorities. The Organization's evaluation at December 31, 2018 revealed no tax positions that would have a material impact on the financial statements. The Organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Management believes it is no longer subject to Federal income tax examination for years prior to 2015.
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