Civic Intelligence

Open Dreams Organization Inc.

990 • Fiscal year 2020 • EIN 47-2525191

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

Organization ProfileWWW.OPEN-DREAMS.ORG
735 Yarmouth CourtSan Diego, CA 92109

(704) 617-7535

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Higher debt load relative to assets than 56% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

57th percentile

0.00x

Higher debt load relative to revenue than 57% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

11th percentile

-64%

Higher net margin than 11% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

25th percentile

-12%

Faster asset growth than 25% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

36th percentile

-29%

Faster revenue growth than 36% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets56th percentile

Assets

Down

$84,967

Down $11,534 (-12%) from 2019

Net Assets

Down

$84,942

Down $9,285 (-9.9%) from 2019

Liabilities

Down

$25

Down $2,249 (-99%) from 2019

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin11th percentile

Revenue

Down

$14,414

Down $5,967 (-29%) from 2019

Expenses

Down

$23,699

Down $24,008 (-50%) from 2019

Net Income

Up

-$9,285

Up $18,041 (+66%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth25th percentile

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

$300K$200K$100K$0Assets 2014: $201,000Liabilities 2014: $0Net Assets 2014: $201,0002014Assets 2015: $174,537Liabilities 2015: $0Net Assets 2015: $174,5372015Assets 2016: $158,081Liabilities 2016: $0Net Assets 2016: $158,0812016Assets 2017: $144,542Liabilities 2017: $0Net Assets 2017: $144,5422017Assets 2018: $121,553Liabilities 2018: $0Net Assets 2018: $121,5532018Assets 2019: $96,501Liabilities 2019: $2,274Net Assets 2019: $94,2272019Assets 2020: $84,967Liabilities 2020: $25Net Assets 2020: $84,9422020Assets 2021: $111,158Liabilities 2021: $290Net Assets 2021: $110,8682021Assets 2022: $84,895Liabilities 2022: $0Net Assets 2022: $84,8952022Assets 2023: $40,435Liabilities 2023: $360Net Assets 2023: $40,0752023Assets 2024: $18,582Liabilities 2024: $0Net Assets 2024: $18,5822024

Highlighted filing

2020

Assets$84,967
Liabilities$25
Net Assets$84,942
Open 2020 Filing

Operations Trend

Revenue Growth36th percentile

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

$300K$200K$100K$0-$100KRevenue 2014: $201,000Expenses 2014: $0Net Income 2014: $201,0002014Revenue 2015: $3,801Expenses 2015: $30,264Net Income 2015: -$26,4632015Revenue 2016: $13,330Expenses 2016: $29,786Net Income 2016: -$16,4562016Revenue 2017: $3,268Expenses 2017: $16,807Net Income 2017: -$13,5392017Revenue 2018: $6,133Expenses 2018: $29,122Net Income 2018: -$22,9892018Revenue 2019: $20,381Expenses 2019: $47,707Net Income 2019: -$27,3262019Revenue 2020: $14,414Expenses 2020: $23,699Net Income 2020: -$9,2852020Revenue 2021: $64,631Expenses 2021: $38,705Net Income 2021: $25,9262021Revenue 2022: $6,878Expenses 2022: $32,851Net Income 2022: -$25,9732022Revenue 2023: $12,330Expenses 2023: $57,150Net Income 2023: -$44,8202023Revenue 2024: $28,898Expenses 2024: $50,391Net Income 2024: -$21,4932024

Highlighted filing

2020

Revenue$14,414
Expenses$23,699
Net Income-$9,285
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$14,414
Mission and Program Overview

Mission

To empower children around the world to open opportunities and realize their dreams through the gift of education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$85,539$75,561▼ $9,978
Cash and Non-Interest-Bearing Accounts$10,910$9,406▼ $1,504
Land, Buildings, and Equipment, Net$52$0▼ $52
Total Assets$96,501$84,967▼ $11,534
Liabilities
Other Liabilities$2,274$25▼ $2,249
Total Liabilities$2,274$25▼ $2,249
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$94,227$84,942▼ $9,285
Total Net Assets Fund Balance$94,227$84,942▼ $9,285
Total Liabilities and Net Assets / Fund Balance$96,501$84,967▼ $11,534

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$5,343$5,343
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Cristina BernardoDirector & President
Dominique BernardoDirector
Jim LeitnerDirector
Hans KullbergDirector & Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$14,392
Program Service Revenue
$0
Investment Income
$22
Other Revenue
$0
All Other Contributions
$14,392
Change in Net Assets
$-9,285
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$21,649
Salaries, Compensation, and Employee Benefits$2,050
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,050--$2,050
Other Expenses$1,482--$1,482
All Other Expenses$1,084--$1,084
Office Expenses$284--$284
Depreciation Depletion$52--$52
Total Functional Expenses$23,699$0$0$23,699
International Activity

International Summary

Offices
2
Employees
2
Spending
$23,647

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
CameroonProgram ServicesOPEN DREAMS MENTORS UNDERPRIVILEGED YOUTH INTERESTED IN RECEIVING A HIGHER EDUCATION; HELPS THESE STUDENTS PREPARE FOR THE SATS, AND ANY OTHER COLLEGE EXAMS; ASSISTS STUDENTS IN COMPLETING COLLEGE APPLICATIONS, RAISES MONEY THROUGH DONATIONS AND GRANTS TO OFFER SCHOLARSHIPS FOR HIGHER EDUCATION TO UNDERPRIVILEGED YOUTH, HOSTS EVENTS TO HONOR HARD-WORKING AND AMBITIOUS YOUTH VOLUNTEERS MAKING AN IMPACT IN THEIR COMMUNITY; RECRUITS MENTORS TO ASSIST UNDERPRIVILEGED YOUTH THROUGH THE COLLEGE PREPARATION PROCESS, TUTORS UNDERPRIVILEGED STUDENTS IN MATH, ENGLISH, READING, WRITING, AND SCIENCE.22$23,647
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Cards Payable$25
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, Part VI, Section A, Line 2

“Cristina bernardo and dominique bernardo are sisters-in-law. Hans kullberg and cristina bernardo are married.”

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

“A copy of form 990 was given and reviewed by the organizations' governing body before filing.”

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

“If there would be any contracting outside of open dreams, employees will be required to list any potential conflicts of interest to be approved by a third party.”

Form 990, Part VI, Section C, Line 19

“Documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Open Dreams Organization Inc
EIN
47-2525191
Phone
7046177535
Address
735 YARMOUTH COURT, SAN DIEGO, CA 92109

Signing Officer

Name
Hans Kullberg
Title
Secretary
Phone
7046177535
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Hans Kullberg
Formed
2014
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Raines & Fischer Llp
Address
555 FIFTH AVENUE 9TH FLOOR, NEW YORK, NY 10017
Preparer
Steven Steckler
Phone
2129539200
Raw XML Appendix370 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/GrantRecordsMaintainedInd01
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt02
IRS990ScheduleF/SubtotalOfficesCnt02
IRS990ScheduleF/SubtotalSpentAmt023647
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0OPEN DREAMS REVIEWS EACH CANDIDATE'S QUALIFICATIONS BEFORE AWARDING A CANDIDATE WITH SCHOLARSHIPS, TESTING FEES OR OTHER ASSISTANCE.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1PART III ACCOUNTING METHOD:
IRS990ScheduleF/TotalEmployeeCnt02
IRS990ScheduleF/TotalOfficeCnt02
IRS990ScheduleF/TotalSpentAmt023647
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CRISTINA BERNARDO AND DOMINIQUE BERNARDO ARE SISTERS-IN-LAW. HANS KULLBERG AND CRISTINA BERNARDO ARE MARRIED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF FORM 990 WAS GIVEN AND REVIEWED BY THE ORGANIZATIONS' GOVERNING BODY BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IF THERE WOULD BE ANY CONTRACTING OUTSIDE OF OPEN DREAMS, EMPLOYEES WILL BE REQUIRED TO LIST ANY POTENTIAL CONFLICTS OF INTEREST TO BE APPROVED BY A THIRD PARTY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt096501
IRS990/TotalAssetsEOYAmt084967
IRS990/TotalAssetsGrp/BOYAmt096501
IRS990/TotalAssetsGrp/EOYAmt084967
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt014392
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt023699
IRS990/TotalFunctionalExpensesGrp/TotalAmt023699
IRS990/TotalGrossUBIAmt022
IRS990/TotalLiabilitiesBOYAmt02274
IRS990/TotalLiabilitiesEOYAmt025
IRS990/TotalLiabilitiesGrp/BOYAmt02274
IRS990/TotalLiabilitiesGrp/EOYAmt025
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt094227
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt084942
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt023699
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt014414
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt022
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt096501
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt084967
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0735 YARMOUTH COURT
IRS990/USAddress/CityNm0SAN DIEGO
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd092109
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.OPEN-DREAMS.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0HANS KULLBERG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum07046177535
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OPEN DREAMS ORGANIZATION INC
ReturnHeader/Filer/BusinessNameControlTxt0OPEN
ReturnHeader/Filer/EIN0472525191
ReturnHeader/Filer/PhoneNum07046177535
ReturnHeader/Filer/USAddress/AddressLine1Txt0735 YARMOUTH COURT
ReturnHeader/Filer/USAddress/CityNm0SAN DIEGO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd092109
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0133217649
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RAINES & FISCHER LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0555 FIFTH AVENUE 9TH FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010017
ReturnHeader/PreparerPersonGrp/PhoneNum02129539200
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEVEN STECKLER
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-11-15T15:16:33-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0HANS
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KULLBERG
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$84,967
Liabilities
$25
Net assets
$84,942
Revenue
$14,414
Expenses
$23,699
Net income
-$9,285
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.19$0.00$0.19$0.29$0.50$0.21
2023Detailed filing. Detailed filing data is available for this year.$0.40$0.00$0.40$0.12$0.57$0.45
2022Detailed filing. Detailed filing data is available for this year.$0.85$0.00$0.85$0.07$0.33$0.26
2021Detailed filing. Detailed filing data is available for this year.$1.11$0.00$1.11$0.65$0.39$0.26
2020Detailed filing. Detailed filing data is available for this year.$0.85$0.00$0.85$0.14$0.24$0.09
2019Detailed filing. Detailed filing data is available for this year.$0.97$0.02$0.94$0.20$0.48$0.27
2018Detailed filing. Detailed filing data is available for this year.$1.22$0.00$1.22$0.06$0.29$0.23
2017Detailed filing. Detailed filing data is available for this year.$1.45$0.00$1.45$0.03$0.17$0.14
2016Detailed filing. Detailed filing data is available for this year.$1.58$0.00$1.58$0.13$0.30$0.16
2015Detailed filing. Detailed filing data is available for this year.$1.75$0.00$1.75$0.04$0.30$0.26
2014Summary only. Only limited summary data is available for this year.$2.01$0.00$2.01$2.01$0.00$2.01