Civic Intelligence

Kostopulos Dream Foundation Camp Kostopulos

990 • Fiscal year 2018 • EIN 87-6125177

Oct 01, 2017 to Sep 30, 2018 • Filed on Dec 15, 2019

4180 Emigration CanyonSalt Lake City, UT 84108

(801) 582-0700

Siviq Scores

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

Liabilities / Assets

38th percentile

0.03x

Higher debt load relative to assets than 38% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

48th percentile

0.08x

Higher debt load relative to revenue than 48% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

50th percentile

2.9%

Higher net margin than 50% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

91st percentile

$212,000

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 10.9% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

59th percentile

3.6%

Faster asset growth than 59% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

19th percentile

-13%

Faster revenue growth than 19% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$4,680,606

Up $163,060 (+3.6%) from 2017

Net Assets

Up

$4,517,086

Up $112,235 (+2.5%) from 2017

Liabilities

Up

$163,520

Up $50,825 (+45%) from 2017

Revenue

Down

$1,953,164

Down $300,302 (-13%) from 2017

Expenses

Up

$1,895,973

Up $307,321 (+19%) from 2017

Net Income

Down

$57,191

Down $607,623 (-91%) from 2017

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $2,741,824Liabilities 2011: $24,122Net Assets 2011: $2,717,7022011Assets 2012: $2,778,352Liabilities 2012: $28,118Net Assets 2012: $2,750,2342012Assets 2013: $2,987,303Liabilities 2013: $47,207Net Assets 2013: $2,940,0962013Assets 2014: $2,991,553Liabilities 2014: $60,485Net Assets 2014: $2,931,0682014Assets 2015: $3,269,316Liabilities 2015: $82,365Net Assets 2015: $3,186,9512015Assets 2016: $3,801,302Liabilities 2016: $102,529Net Assets 2016: $3,698,7732016Assets 2017: $4,517,546Liabilities 2017: $112,695Net Assets 2017: $4,404,8512017Assets 2018: $4,680,606Liabilities 2018: $163,520Net Assets 2018: $4,517,0862018Assets 2019: $4,862,773Liabilities 2019: $150,690Net Assets 2019: $4,712,0832019Assets 2020: $5,004,212Liabilities 2020: $336,246Net Assets 2020: $4,667,9662020Assets 2021: $5,503,401Liabilities 2021: $451,749Net Assets 2021: $5,051,6522021Assets 2022: $6,152,567Liabilities 2022: $328,561Net Assets 2022: $5,824,0062022Assets 2023: $6,253,546Liabilities 2023: $405,203Net Assets 2023: $5,848,3432023Assets 2024: $7,406,161Liabilities 2024: $489,786Net Assets 2024: $6,916,3752024

Highlighted filing

2018

Assets$4,680,606
Liabilities$163,520
Net Assets$4,517,086

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,205,610Expenses 2011: $976,271Net Income 2011: $229,3392011Revenue 2012: $1,137,875Expenses 2012: $1,109,996Net Income 2012: $27,8792012Revenue 2013: $1,213,072Expenses 2013: $1,032,266Net Income 2013: $180,8062013Revenue 2014: $1,117,065Expenses 2014: $1,135,957Net Income 2014: -$18,8922014Revenue 2015: $1,580,082Expenses 2015: $1,341,106Net Income 2015: $238,9762015Revenue 2016: $2,050,418Expenses 2016: $1,568,433Net Income 2016: $481,9852016Revenue 2017: $2,253,466Expenses 2017: $1,588,652Net Income 2017: $664,8142017Revenue 2018: $1,953,164Expenses 2018: $1,895,973Net Income 2018: $57,1912018Revenue 2019: $2,015,438Expenses 2019: $1,820,441Net Income 2019: $194,9972019Revenue 2020: $1,236,213Expenses 2020: $1,280,330Net Income 2020: -$44,1172020Revenue 2021: $1,724,674Expenses 2021: $1,340,988Net Income 2021: $383,6862021Revenue 2022: $2,416,799Expenses 2022: $1,644,445Net Income 2022: $772,3542022Revenue 2023: $1,972,616Expenses 2023: $1,948,279Net Income 2023: $24,3372023Revenue 2024: $3,230,171Expenses 2024: $2,162,139Net Income 2024: $1,068,0322024

Highlighted filing

2018

Revenue$1,953,164
Expenses$1,895,973
Net Income$57,191
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Dec 15, 2019
Return Version
2017v2.2
Gross Receipts
$1,992,817
Mission and Program Overview

Mission

Provide programs which imporve the quality of life for people of all abilities, including those with disabilities or special medical needs, through education, recreation, and growth opportunities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,939,906$3,660,086▲ $720,180
Cash and Non-Interest-Bearing Accounts$941,762$592,639▼ $349,123
Pledges and Grants Receivable$522,656$279,631▼ $243,025
Accounts Receivable$85,432$116,031▲ $30,599
Total Assets$4,517,546$4,680,606▲ $163,060
Other Assets Total$27,790$32,219▲ $4,429
Liabilities
Accounts Payable and Accrued Expenses$112,695$163,520▲ $50,825
Total Liabilities$112,695$163,520▲ $50,825
Net Assets / Fund Balance
Unrestricted Net Assets$3,882,195$4,237,455▲ $355,260
Temporarily Rstr Net Assets$522,656$279,631▼ $243,025
Total Net Assets Fund Balance$4,404,851$4,517,086▲ $112,235
Total Liabilities and Net Assets / Fund Balance$4,517,546$4,680,606▲ $163,060

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,104,377$1,077,127$3,181,504
Equipment$915,365$586,320$1,501,685
Leasehold Improvements$629,742$337,045$966,787
Other Land Buildings$10,602$8,148$18,750
Other Assets Org$24,304--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mircea DivriceanPresidentFT$165,000$47,000$212,000
Mike DivriceanChief Operating OfficerFT$125,000$7,200$132,200

Board Members and Trustees

NameTitle
Rex WheelerChair
Quinton StephensChairman
Rick LifferthPast Chairman
Andrea MossVice Chair
Tom BarkesVice Chair
Annette ShadeBoard Member
Brian LemkeBoard Member
Celeste EdmundsBoard Member
David MetivierBoard Member
Gary StidhamBoard Member
Jerry CookBoard Member
Kyle WintherBoard Member
Larry HandyBoard Member
Linda LeeBoard Member
Natalie JensenBoard Member
Richard GreeneBoard Member
Sam UrieBoard Member
Spencer CritchettBoard Member
Steven EvansBoard Member
Terry GrantBoard Member
Layne SmithSecretary
Jason TravellerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,402,489
Program Service Revenue
$520,988
Investment Income
$5,915
Other Revenue
$23,772
All Other Contributions
$728,416
Change in Net Assets
$57,191

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table135$417,851
Food Inventory37$16,102
Total Noncash Contributions172$433,953

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,992,817
Revenue Not Reported on Financial Statements
$-39,653
Revenue Not Reported on Form 990
$52,493
Other Revenue Adjustments
$-39,653
Total Revenue per Audited Statements
$2,045,310
Total Revenue per Form 990
$1,953,164
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,055,862
Other Expenses$840,111
Total Fundraising Expense$17,209
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$707,699$57,985$10,635$776,319
Depreciation Depletion$229,782$693$693$231,168
Other Salaries and Wages$125,264$10,264$1,882$137,410
Payroll Taxes$71,031$4,601$930$76,562
Other Employee Benefits$59,292$4,412$1,867$65,571
Office Expenses$56,303$1,264$853$58,420
Occupancy$58,184$71$71$58,326
Insurance$48,827--$48,827
Other Expenses$37,647--$37,647
Travel$19,454--$19,454
Advertising$15,514--$15,514
Fees for Services Accounting$3,605--$3,605
Fees for Services Other-$1,280$278$1,558
Total Functional Expenses$1,798,194$80,570$17,209$1,895,973

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,933,075
Total Expenses per Form 990$1,895,973
Expenses per Audited Statements$1,880,582
Expenses Not Reported on Form 990$52,493
Expenses Not Reported on Financial Statements$15,391
Other Expense Adjustments$15,391
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$39,653
Fundraising Gross Income$24,060
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraiser$168,898$21,660$7,405$14,255
Fundraiser$7,145$2,400$150$2,250
Total Events$271,737$24,060$39,653$-15,593
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

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

Governance Explanations

Member election for additional members Part VI line 7A

Board Members

Governing body decisions Part VI line 7B

Board Members

Form 990 governing body review Part VI line 11

The general board reviews the annual tax return.

Conflict of interest policy compliance Part VI line 12C

Annually the board members acknowledge compliance to policies by signing an Acknowledgement of Receipt of Polocies form.

CEO executive director top management comp Part VI line 15A

Executive committee reviews and approves the compensation of the executive director annually. Any changes are reflected in the budget which is approved by the board.

Other officer or key employee compensation Part VI line 15B

Executive director reviews and approves annually the compensation & benefits of the organizations employees. Any changes will be reflected in the budget which is approved by the board.

Governing documents etc available to public Part VI line 19

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Kostopulos Dream Foundation
EIN
87-6125177
Address
4180 Emigration Canyon, Salt Lake City, UT 84108
Doing Business As
Camp Kostopulos

Signing Officer

Name
Jason Traveller
Title
CEO
Signed
2019-12-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mircea Divricean
Formed
1953
Legal Domicile
Ut
Voting Board Members
23
Independent Board Members
23
Employees
54

Preparer

Firm
Traveller & Company LLC
Address
500 North Marketplace Dr Suite 202, Centerville, UT 84014
Preparer
David Traveller
Phone
8012991302
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

Fundraising Costs $31,340Fundraising Costs ($31,340)Book/Tax Depreciation Differences $41,264

General explanation attachment

Form 990, Part III, Line 4a Summer Camp - from May - August 2017, we provided 11 weeks of Camp, had a total of 1,409 campers, providing 3,820 program hours, and 82,652 service hours. Camps include Residential, Trip, Day, Partner, and Specialty camps. Residential, Trip, and Specialty camps are 5 days/4 nights, and Day and Partner Camps are 5 days. Specialty Camps are dedicated to children/teens with Neurofibromatosis, Organ Transplants, and Muscular Dystrophy, and campers come from all over the US, Canada, UK, and other international locations. Residential, Day, Partner and Specialty camps are held at our campus in Emigration Canyon, where campers ride horses, traverse high ropes course, swim, fish, canoe, hike, and more. Travel trip camps include destinations such as Salt Lake Valley, Park City, Zion, Jackson Hole, Yellowstone, Bryce Canyon, Capitol Reef, and Bear Lake. Our campers include people with autism spectrum disorder, cerebral palsy, Down syndrome, muscular dystrophy, spina bifida, neurofibromatosis, Prader Willi, organ transplants (liver, kidney, or heart), spinal cord injury, traumatic brain injury, vision/hearing impairments, amputees, developmental/learning delays, ADHD, learning disabilities, veterans with PTSD, and others. We also provided Adventure Days and Mini-Camps for Hill Airforce Base, Intermountain PKU, St. Ambrose, and others. Additionally, Ropes/Teambuilding/Leadership Training was provided to more than 500 people, with 1,229 service hours. Form 990, Part III, Line 4bCommunity based programs - from October 2015 through April 2016 and September 2016 provided 5 to 6 activities weekly for children and adults with disabilities. Our students stretch their imaginations, learn practical life skills, learn problem-solving skills, maximize their potential for independence, and build healthy bodies, minds, and spirits. Activities include Mini-Camps, Drama, Dance, Sports, Horseback Riding, Bowling, Cooking Classes, Arts & Crafts, and other educational activities. During these 8 months, we provided 177 activities, for 509 people, providing 725 program hours, and 11,180 service hours. Our Vocational Rehabilitation program teaches students skills necessary to enter the work place, financial literacy, and provides hands-on experience. Our Work Experience program allows students to utilize the skills they learned, as they gain real work experience by working for Camp K, and earning a paycheck. We also provide programs to other organizations, including U of U Neuropsychiatric Institute, Primary Childrens Hospital, many school districts, and other organizations. Form 990, Part III, Line 4cOur year round Equestrian Program provided individual and group horseback lessons, therapeutic riding services, and equine therapy, which helps build confidence, communication, trust, social skills, impulse control, and boundaries, as well as increasing physical strength and balance. Our program focuses on reaching predetermined individual goals and objectives. We are an inclusive program and provide services to individuals with and without disabilities, as well as special populations. Approximately 85% of our equestrian clients have some type of disability. We served 233 individual students, totaling 877 hours of individual instruction. Additionally, we provided 177 program hours of equine therapy for our Community Based programs (49 people), 420 program hours for Summer Camp (1,260 people), and 1,366 program hours for other groups (851 people). Other groups who utilize our Equestrian Program include Hill Air Force Base, Muscular Dystrophy Association, Intermountain PKU, Primary Childrens Behavioral Unit, Veterans Administration, St. Ambrose, Roland Hall, Kearns St. Anne School, and others.

Financial Statement Notes

Other revenues included on Form 990 (Part XI, line 4B)

Fundraising costs $-39,653

Other expenses included on Form 990 (Part XII, line 4B)

Fundraising costs $-39,653Book/Tax depreciation difference $55,044

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IRS990/Form990PartVIISectionAGrp/PersonNm9Jerry Cook
IRS990/Form990PartVIISectionAGrp/PersonNm10Tom Barkes
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IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Past Chairman
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IRS990/Form990PartVIISectionAGrp/TitleTxt5Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt6Secretary
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IRS990/Form990PartVIISectionAGrp/TitleTxt8Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt9Board Member
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IRS990/Form990PartVIISectionAGrp/TitleTxt21Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt22President
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt144305
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IRS990/ProgSrvcAccomActy3Grp/Desc0See Schedule O
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0146498

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.41$0.49$6.92$3.23$2.16$1.07
2023Detailed filing. Detailed filing data is available for this year.$6.25$0.41$5.85$1.97$1.95$0.02
2022Detailed filing. Detailed filing data is available for this year.$6.15$0.33$5.82$2.42$1.64$0.77
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.50$0.45$5.05$1.72$1.34$0.38
2020Detailed filing. Detailed filing data is available for this year.$5.00$0.34$4.67$1.24$1.28$0.04
2019Detailed filing. Detailed filing data is available for this year.$4.86$0.15$4.71$2.02$1.82$0.19
2018Detailed filing. Detailed filing data is available for this year.$4.68$0.16$4.52$1.95$1.90$0.06
2017Detailed filing. Detailed filing data is available for this year.$4.52$0.11$4.40$2.25$1.59$0.66
2016Detailed filing. Detailed filing data is available for this year.$3.80$0.10$3.70$2.05$1.57$0.48
2015Detailed filing. Detailed filing data is available for this year.$3.27$0.08$3.19$1.58$1.34$0.24
2014Summary only. Only limited summary data is available for this year.$2.99$0.06$2.93$1.12$1.14$0.02
2013Summary only. Only limited summary data is available for this year.$2.99$0.05$2.94$1.21$1.03$0.18
2012Summary only. Only limited summary data is available for this year.$2.78$0.03$2.75$1.14$1.11$0.03
2011Summary only. Only limited summary data is available for this year.$2.74$0.02$2.72$1.21$0.98$0.23