Civic Intelligence

Dreams Will Come True Foundation

990 • Fiscal year 2020 • EIN 47-4510419

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

Organization ProfileN/A
756 Grape AveSunnyvale, CA 94087

(650) 537-1598

Siviq Scores

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

Liabilities / Assets

46th percentile

0.03x

Higher debt load relative to assets than 46% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

50th percentile

0.06x

Higher debt load relative to revenue than 50% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

93rd percentile

64%

Higher net margin than 93% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

84th percentile

58%

Faster asset growth than 84% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

97th percentile

249%

Faster revenue growth than 97% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets46th percentile

Assets

Up

$760,046

Up $277,810 (+58%) from 2019

Net Assets

Up

$736,046

Up $253,810 (+53%) from 2019

Liabilities

Up

$24,000

Up $24,000 from 2019

Revenue And Expenses
Liabilities / Revenue50th percentileNet Margin93rd percentile

Revenue

Up

$391,966

Up $279,512 (+249%) from 2019

Expenses

Up

$142,861

Up $53,083 (+59%) from 2019

Net Income

Up

$249,105

Up $226,429 (+999%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth84th percentile

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

$800K$600K$400K$200K$0Assets 2015: $120,580Liabilities 2015: $02015Assets 2016: $255,215Liabilities 2016: $02016Assets 2017: $324,628Liabilities 2017: $02017Assets 2018: $1Liabilities 2018: $02018Assets 2019: $482,236Liabilities 2019: $0Net Assets 2019: $482,2362019Assets 2020: $760,046Liabilities 2020: $24,000Net Assets 2020: $736,0462020Assets 2021: $767,010Liabilities 2021: $24,000Net Assets 2021: $743,0102021Assets 2022: $678,507Liabilities 2022: $0Net Assets 2022: $678,5072022Assets 2023: $616,449Liabilities 2023: $50,000Net Assets 2023: $566,4492023

Highlighted filing

2020

Assets$760,046
Liabilities$24,000
Net Assets$736,046
Open 2020 Filing

Operations Trend

Revenue Growth97th percentile

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

$400K$200K$0-$200KRevenue 2015: $121,000Expenses 2015: $420Net Income 2015: $120,5802015Revenue 2016: $180,000Expenses 2016: $49,213Net Income 2016: $130,7872016Revenue 2017: $153,220Expenses 2017: $78,677Net Income 2017: $74,5432017Revenue 2018: $0Expenses 2018: $0Net Income 2018: $02018Revenue 2019: $112,454Expenses 2019: $89,778Net Income 2019: $22,6762019Revenue 2020: $391,966Expenses 2020: $142,861Net Income 2020: $249,1052020Revenue 2021: $40,543Expenses 2021: $65,143Net Income 2021: -$24,6002021Revenue 2022: -$40,043Expenses 2022: $38,725Net Income 2022: -$78,7682022Revenue 2023: $5,663Expenses 2023: $38,692Net Income 2023: -$33,0292023

Highlighted filing

2020

Revenue$391,966
Expenses$142,861
Net Income$249,105
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.0
Gross Receipts
$391,966
Mission and Program Overview

Mission

The non-profit organization mission is to help people reach their dreams by providing education and any necessary tools. To achieve this mission, we will provide different educational platforms based on the needs of the participants. For the under-privileged who have desire to improve their lives, we will provide a platform for them to acquire necessry redentials or skills to enable them to reach higher socioeconomic status.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$482,236$736,046▲ $253,810
Cash and Non-Interest-Bearing Accounts$479,215$382,015▼ $97,200
Savings and Temporary Cash Investments$3,021$277,322▲ $274,301
Investments in Publicly Traded Securities-$100,709-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$482,236$760,046▲ $277,810
Other Assets Total-$0-
Liabilities
Other Liabilities-$24,000-
Total Liabilities$0$24,000▲ $24,000
Net Assets / Fund Balance
Total Net Assets Fund Balance$482,236$736,046▲ $253,810
Total Liabilities and Net Assets / Fund Balance$482,236$760,046▲ $277,810
Compensation and Service Providers
Top Officer Pay51st percentile

Board Members and Trustees

NameTitle
Joseph KungPresident
Revenue and Support

Revenue Composition

Contributions and Grants
$391,901
Program Service Revenue
$0
Investment Income
$65
Other Revenue
$0
All Other Contributions
$391,901
Change in Net Assets
$249,105

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
Securities Publicly Traded1$100,709Fair Market Value (FMV)
Total Noncash Contributions1$100,709-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$80,124
Other Expenses$62,737
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$71,124--$71,124
Grants to Domestic Individuals$9,000--$9,000
All Other Expenses$3,373--$3,373
Other Expenses$1,656--$1,656
Office Expenses$243--$243
Total Functional Expenses$142,861$0$0$142,861
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
VariousSunnyvale, CA--$70,688
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
Sba Loan$24,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“No review was or will be conducted.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Dreams Will Come True Foundation
EIN
47-4510419
Phone
6505371598
Address
756 GRAPE AVE, SUNNYVALE, CA 94087

Signing Officer

Name
Joseph Kung
Title
President
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Kung
Formed
2015
Legal Domicile
CA
Voting Board Members
1
Independent Board Members
0
Employees
0

Preparer

Firm
G C Tax Institute
Address
995 Montague Expwy 212, Milpitas, CA 95035
Preparer
George Chow Ea Mstax
Phone
4089450813
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

“adj. = $4705”

Raw XML Appendix366 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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IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt0100709
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/SignificantChangeInd0false
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TotalAssetsEOYAmt0760046
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ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-15
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0G C Tax Institute
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0995 Montague Expwy 212
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Milpitas
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd095035
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ReturnHeader/ReturnTs02021-11-15T10:34:19-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JOSEPH
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ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$760,046
Liabilities
$24,000
Net assets
$736,046
Revenue
$391,966
Expenses
$142,861
Net income
$249,105
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.16$0.50$5.66$0.06$0.39$0.33
2022Detailed filing. Detailed filing data is available for this year.$6.79$0.00$6.79$0.40$0.39$0.79
2021Detailed filing. Detailed filing data is available for this year.$7.67$0.24$7.43$0.41$0.65$0.25
2020Detailed filing. Detailed filing data is available for this year.$7.60$0.24$7.36$3.92$1.43$2.49
2019Detailed filing. Detailed filing data is available for this year.$4.82$0.00$4.82$1.12$0.90$0.23
2018Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
2017Summary only. Only limited summary data is available for this year.$3.25$0.00$1.53$0.79$0.75
2016Summary only. Only limited summary data is available for this year.$2.55$0.00$1.80$0.49$1.31
2015Summary only. Only limited summary data is available for this year.$1.21$0.00$1.21$0.00$1.21