Civic Intelligence

Dream Big Foundation Inc.

990 • Fiscal year 2022 • EIN 82-3026540

Jul 01, 2021 to Jun 30, 2022 • Filed on May 15, 2023

Organization ProfileWWW.DREAMBIGBALTIMORE.ORG

View Organization Page

1450 Wilderness Ridge TrailCrownsville, MD 21032

(240) 495-0488

Siviq Scores

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

Liabilities / Assets

74th percentile

0.28x

Higher debt load relative to assets than 74% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

83rd percentile

0.61x

Higher debt load relative to revenue than 83% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

40th percentile

1.8%

Higher net margin than 40% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

91st percentile

$212,300

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 15.1% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

49th percentile

1.0%

Faster asset growth than 49% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

96th percentile

238%

Faster revenue growth than 96% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets74th percentile

Assets

Up

$3,123,942

Up $30,508 (+1.0%) from 2021

Net Assets

Down

$2,260,480

Down $275,245 (-11%) from 2021

Liabilities

Up

$863,462

Up $305,753 (+55%) from 2021

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin40th percentile

Revenue

Up

$1,405,342

Up $989,291 (+238%) from 2021

Expenses

Up

$1,379,738

Up $584,087 (+73%) from 2021

Net Income

Up

$25,604

Up $405,204 (+107%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth49th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2017: $1,500,256Liabilities 2017: $0Net Assets 2017: $1,500,2562017Assets 2018: $2,553,603Liabilities 2018: $0Net Assets 2018: $2,553,6032018Assets 2019: $3,052,907Liabilities 2019: $2,861Net Assets 2019: $3,050,0462019Assets 2020: $2,709,491Liabilities 2020: $14,466Net Assets 2020: $2,695,0252020Assets 2021: $3,093,434Liabilities 2021: $557,709Net Assets 2021: $2,535,7252021Assets 2022: $3,123,942Liabilities 2022: $863,462Net Assets 2022: $2,260,4802022Assets 2023: $2,318,086Liabilities 2023: $17,873Net Assets 2023: $2,300,2132023Assets 2024: $1,915,858Liabilities 2024: $100,562Net Assets 2024: $1,815,2962024

Highlighted filing

2022

Assets$3,123,942
Liabilities$863,462
Net Assets$2,260,480
Open 2022 Filing

Operations Trend

Revenue Growth96th percentile

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

$2.0M$1.0M$0-$1.0MRevenue 2017: $1,500,256Expenses 2017: $0Net Income 2017: $1,500,2562017Revenue 2018: $1,575,598Expenses 2018: $449,770Net Income 2018: $1,125,8282018Revenue 2019: $797,119Expenses 2019: $506,850Net Income 2019: $290,2692019Revenue 2020: $41,560Expenses 2020: $354,766Net Income 2020: -$313,2062020Revenue 2021: $416,051Expenses 2021: $795,651Net Income 2021: -$379,6002021Revenue 2022: $1,405,342Expenses 2022: $1,379,738Net Income 2022: $25,6042022Revenue 2023: $1,590,611Expenses 2023: $1,661,087Net Income 2023: -$70,4762023Revenue 2024: $1,307,354Expenses 2024: $1,609,982Net Income 2024: -$302,6282024

Highlighted filing

2022

Revenue$1,405,342
Expenses$1,379,738
Net Income$25,604
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 15, 2023
Return Version
2021v4.0
Gross Receipts
$1,405,342
Mission and Program Overview

Mission

To strengthen the performance of community-based nonprofits and effectively integrate them to achieve life changing results for children and youth living in underserved baltimore neighborhoods.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,633,145$2,358,423▼ $274,722
Cash and Non-Interest-Bearing Accounts$459,624$562,318▲ $102,694
Accounts Receivable-$200,000-
Land, Buildings, and Equipment, Net$665$3,201▲ $2,536
Total Assets$3,093,434$3,123,942▲ $30,508
Liabilities
Other Liabilities$557,709$863,462▲ $305,753
Total Liabilities$557,709$863,462▲ $305,753
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,535,725$2,260,480▼ $275,245
Total Net Assets Fund Balance$2,535,725$2,260,480▼ $275,245
Total Liabilities and Net Assets / Fund Balance$3,093,434$3,123,942▲ $30,508
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Veronica NolanPartnerFT$207,000$5,300$212,300
Stephanie J AmponsahPartnerFT$148,333$6,900$155,233
Zeevelle Nottingham-lemonPartnerFT$105,000-$105,000

Board Members and Trustees

NameTitle
Ricky LevineVice Chairma
Doug AustinBoard Member
Michelle Becote-jacksonBoard Member
Stephen W ShawBoard Member
Steve HornBoard Member
Sean F Murphy SrFounder/boar
Revenue and Support

Revenue Composition

Contributions and Grants
$1,339,525
Program Service Revenue
$0
Investment Income
$62,817
Other Revenue
$3,000
All Other Contributions
$1,339,525
Change in Net Assets
$25,604

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,376,620
Revenue Not Reported on Financial Statements
$28,722
Revenue Not Reported on Form 990
$-209,310
Total Revenue per Audited Statements
$1,167,310
Total Revenue per Form 990
$1,405,342
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$840,599
Salaries, Compensation, and Employee Benefits$539,139
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$485,949--$485,949
All Other Expenses$185,361$4,245-$189,606
Fees for Services Other-$96,174-$96,174
Other Expenses$77,914--$77,914
Payroll Taxes$33,649--$33,649
Office Expenses-$31,204-$31,204
Fees for Services Accounting-$24,864-$24,864
Pension Plan Contributions$19,541--$19,541
Conferences and Meetings$10,624--$10,624
Insurance$10,397--$10,397
Advertising-$5,232-$5,232
Depreciation Depletion$511--$511
Fees for Services Legal-$40-$40
Total Functional Expenses$1,217,979$161,759$0$1,379,738

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,379,738
Total Expenses per Audited Statements$1,379,738
Total Expenses per Form 990$1,379,738
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
Funds Held on Behalf of Others$825,820
Accrued Expenses$20,000
Capital One Credit Card$15,800
Payroll Liabilities$1,842
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
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 11B

“Chairman reviews tax return and makes copies available to all board members.”

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

“Each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person: a. Has received a copy of the conflicts of interest policy, b. Has read and understands the policy, c. Has agreed to comply with the policy, and d. Understands the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.”

Form 990, Page 6, Part VI, Line 15A

“The organization engaged smith pilot (a washington, dc based company) to assist in determining reasonable and competitive pay for its executive directors.”

Form 990, Page 6, Part VI, Line 19

“Made available upon request.”

Filing and Contact Details

Filer

Filer Name
Dream Big Foundation Inc
EIN
82-3026540
Phone
2404950488
Address
1450 WILDERNESS RIDGE TRAIL, CROWNSVILLE, MD 21032

Signing Officer

Name
Sean F Murphy Sr
Title
Founder/board Chair
Phone
2404950488
Signed
2023-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sean F Murphy Sr
Formed
2017
Legal Domicile
Md
Voting Board Members
6
Independent Board Members
6
Employees
4
Volunteers
6

Preparer

Firm
Hcfl
Address
1954 GREENSPRING DR STE 305, TIMONIUM, MD 21093
Preparer
Kalman Danziger CPA
Phone
4108284446
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

“All board members of dream big foundation, inc. Provide their services without receiving compensation in any capacity.”

Form 990, Part IX, Line 24E

“School supplies 64,804 0 0 literacy coach 43,000 0 0 other program expenses 24,469 0 0 family engagement 14,541 0 0 community partnership 11,729 0 0 childhood activities 9,782 0 0 incentives & rewards 8,710 0 0 chs incentives 5,262 0 0 bank charges 0 4,245 0 broadband access 3,064 0 0 total 185,361 4,245 0”

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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05627589
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt055909
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt03000
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt02358
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IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/TotalSupportAmt05812748
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt120000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt215800
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt31842
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0FUNDS HELD ON BEHALF OF OTHERS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED EXPENSES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2CAPITAL ONE CREDIT CARD
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3PAYROLL LIABILITIES
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IRS990ScheduleD/TotalLiabilityAmt0863462
IRS990ScheduleD/TotalRevenuePerForm990Amt01405342
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt16900
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0VERONICA NOLAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1STEPHANIE J AMPONSAH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PARTNER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1PARTNER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0212300
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1155233
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL BOARD MEMBERS OF DREAM BIG FOUNDATION, INC. PROVIDE THEIR SERVICES WITHOUT RECEIVING COMPENSATION IN ANY CAPACITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CHAIRMAN REVIEWS TAX RETURN AND MAKES COPIES AVAILABLE TO ALL BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: A. HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, B. HAS READ AND UNDERSTANDS THE POLICY, C. HAS AGREED TO COMPLY WITH THE POLICY, AND D. UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION ENGAGED SMITH PILOT (A WASHINGTON, DC BASED COMPANY) TO ASSIST IN DETERMINING REASONABLE AND COMPETITIVE PAY FOR ITS EXECUTIVE DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SCHOOL SUPPLIES 64,804 0 0 LITERACY COACH 43,000 0 0 OTHER PROGRAM EXPENSES 24,469 0 0 FAMILY ENGAGEMENT 14,541 0 0 COMMUNITY PARTNERSHIP 11,729 0 0 CHILDHOOD ACTIVITIES 9,782 0 0 INCENTIVES & REWARDS 8,710 0 0 CHS INCENTIVES 5,262 0 0 BANK CHARGES 0 4,245 0 BROADBAND ACCESS 3,064 0 0 TOTAL 185,361 4,245 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 24E
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0true
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0FRIENDS OF DREAM BIG FOUNDATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0853062906
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt012C
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0401 E PRATT STREET SUITE 2432
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0BALTIMORE
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IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
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IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0765000
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0FRIENDS OF DREAM BIG FOUNDATION INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0C
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
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IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalContributionsAmt01339525
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01217979
IRS990/TotalFunctionalExpensesGrp/TotalAmt01379738
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IRS990/TotalLiabilitiesGrp/EOYAmt0863462
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IRS990/TotalVolunteersCnt06
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Document Assets

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Filings

Displayed year

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

Open filing
Assets
$3,123,942
Liabilities
$863,462
Net assets
$2,260,480
Revenue
$1,405,342
Expenses
$1,379,738
Net income
$25,604
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.92$0.10$1.82$1.31$1.61$0.30
2023Detailed filing. Detailed filing data is available for this year.$2.32$0.02$2.30$1.59$1.66$0.07
2022Detailed filing. Detailed filing data is available for this year.$3.12$0.86$2.26$1.41$1.38$0.03
2021Detailed filing. Detailed filing data is available for this year.$3.09$0.56$2.54$0.42$0.80$0.38
2020Summary only. Only limited summary data is available for this year.$2.71$0.01$2.70$0.04$0.35$0.31
2019Detailed filing. Detailed filing data is available for this year.$3.05$0.00$3.05$0.80$0.51$0.29
2018Detailed filing. Detailed filing data is available for this year.$2.55$0.00$2.55$1.58$0.45$1.13
2017Detailed filing. Detailed filing data is available for this year.$1.50$0.00$1.50$1.50$0.00$1.50