Civic Intelligence

Dreamchasers Academy Inc

990 • Fiscal year 2020 • EIN 82-4726064

Jan 01, 2020 to Dec 31, 2020 • Filed on Jun 14, 2021

Organization Profile
40 Varet StreetBrooklyn, NY 11206

(917) 559-4463

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

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

Source year 2020

Liabilities / Revenue

55th percentile

0.00x

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

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

Net Margin

35th percentile

-3.2%

Higher net margin than 35% 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

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

$0

No earlier filing loaded for comparison.

Net Assets

$0

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin35th percentile

Revenue

$123,500

No earlier filing loaded for comparison.

Expenses

$127,416

No earlier filing loaded for comparison.

Net Income

-$3,916

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$0Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2020

Assets$0
Liabilities$0
Net Assets$0
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$150K$100K$50K$0-$50KRevenue 2020: $123,500Expenses 2020: $127,416Net Income 2020: -$3,9162020

Highlighted filing

2020

Revenue$123,500
Expenses$127,416
Net Income-$3,916
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jun 14, 2021
Return Version
2020v4.1
Gross Receipts
$123,500
Mission and Program Overview

Mission

Our ultimate mission at DreamChasers Academy is to create better academic opportunities through baseball. We teach develop, and prepare our kids to love and play the game of baseball at the highest levels possible

Creating acadamic opportunity through baseball

Balance Sheet Detail
LineBeginningEndChange
Assets
Total Assets$0$0→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$0→ $0
Total Liabilities and Net Assets / Fund Balance$0$0→ $0
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Daniel CoronaPresident
Revenue and Support

Revenue Composition

Contributions and Grants
$123,500
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-3,916
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$127,416
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
Other Expenses---$39,890
Fees for Services Management---$20,500
Travel---$16,500
Office Expenses---$8,492
Conferences and Meetings---$4,850
All Other Expenses---$3,520
Advertising---$1,744
Insurance---$400
Total Functional Expenses$0$0$0$127,416
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
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

990,part VI, Line 7A

“President provided copies of the 990 to all the board members”

990,part VI, Line 11B

“President provided copies of the 990 to all the board”

990,part VI, Line 19

“President provided all the required docs to all board members through monthly meetings”

Filing and Contact Details

Filer

Filer Name
Dreamchasers Academy Inc
EIN
82-4726064
Phone
9175594463
Address
40 VARET STREET, BROOKLYN, NY 11206

Signing Officer

Name
Daniel Corona
Title
President
Phone
9175594463
Signed
2021-06-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel Corona
Formed
2018
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Premier Accounting Tax & Business
Address
756 MYRTLE AVENUE, BROOKLYN, NY 11206
Preparer
Smwaseem Ghaffar
Phone
3476251040
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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/PreparerPersonGrp/PreparationDt02021-06-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SMWASEEM GHAFFAR
ReturnHeader/ReturnTs02021-06-15T14:03:44-07:00
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ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
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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
$0
Liabilities
$0
Net assets
$0
Revenue
$123,500
Expenses
$127,416
Net income
-$3,916
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$1.24$1.27$0.04