Civic Intelligence

Dreams Will Come True Foundation

990 • Fiscal year 2022 • EIN 47-4510419

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 15, 2023

Organization ProfileN/A
1220 Vienna Dr 496Sunnyvale, CA 94089

(650) 537-1598

Siviq Scores

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

Liabilities / Assets

31st percentile

0.00x

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2022

Net Margin

100th percentile

197%

Higher net margin than 100% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

19th percentile

-12%

Faster asset growth than 19% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets31st percentile

Assets

Down

$678,507

Down $88,503 (-12%) from 2021

Net Assets

Down

$678,507

Down $64,503 (-8.7%) from 2021

Liabilities

Down

$0

Down $24,000 (-100%) from 2021

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin100th percentile

Revenue

Down

-$40,043

Down $80,586 (-199%) from 2021

Expenses

Down

$38,725

Down $26,418 (-41%) from 2021

Net Income

Down

-$78,768

Down $54,168 (-220%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth19th 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

2022

Assets$678,507
Liabilities$0
Net Assets$678,507
Open 2022 Filing

Operations Trend

Revenue GrowthScore unavailable

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

2022

Revenue-$40,043
Expenses$38,725
Net Income-$78,768
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$10,017
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$743,010$678,507▼ $64,503
Savings and Temporary Cash Investments$590,000$590,000→ $0
Cash and Non-Interest-Bearing Accounts$47,532$84,089▲ $36,557
Investments in Publicly Traded Securities$129,478$4,418▼ $125,060
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$767,010$678,507▼ $88,503
Other Assets Total-$0-
Liabilities
Other Liabilities$24,000--
Total Liabilities$24,000$0▼ $24,000
Net Assets / Fund Balance
Total Net Assets Fund Balance$743,010$678,507▼ $64,503
Total Liabilities and Net Assets / Fund Balance$767,010$678,507▼ $88,503
Compensation and Service Providers
Top Officer Pay53rd percentile

Board Members and Trustees

NameTitle
Joseph KungPresident
Revenue and Support

Revenue Composition

Contributions and Grants
$10,000
Program Service Revenue
$0
Investment Income
$-50,043
Other Revenue
$0
All Other Contributions
$10,000
Change in Net Assets
$-78,768
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$38,725
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$2,500--$2,500
Office Expenses$2,111--$2,111
Fees for Services Accounting$1,260--$1,260
Other Expenses$1,039--$1,039
All Other Expenses$879--$879
Total Functional Expenses$38,725$0$0$38,725
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-
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, Section B, Line 11B

“No review was or will be conducted.”

Form 990, Part VI, Section C, Line 19

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Dreams Will Come True Foundation
EIN
47-4510419
Phone
6505371598
Address
1220 VIENNA DR 496, SUNNYVALE, CA 94089

Signing Officer

Name
Joseph Kung
Title
President
Signed
2023-11-15
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

Form 990, Part XI, Line 9

“adj. = $14265”

Raw XML Appendix340 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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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOSEPH KUNG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DREAMS WILL COME TRUE FOUNDATION
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0770510314
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0G C Tax Institute
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Milpitas
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
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ReturnHeader/ReturnTs02023-11-15T16:51:17-08:00
ReturnHeader/ReturnTypeCd0990
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ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$678,507
Liabilities
$0
Net assets
$678,507
Revenue
-$40,043
Expenses
$38,725
Net income
-$78,768
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