Civic Intelligence

Kostopulos Dream Foundation Camp Kostopulos

990 • Fiscal year 2021 • EIN 87-6125177

Oct 01, 2020 to Sep 30, 2021 • Filed on Mar 14, 2022

4180 Emigration CanyonSalt Lake City, UT 84108

(801) 299-1302

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.08x

Higher debt load relative to assets than 43% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

61st percentile

0.26x

Higher debt load relative to revenue than 61% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

66th percentile

22%

Higher net margin than 66% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

71st percentile

$175,625

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 10.2% of source-year revenue.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

51st percentile

10.0%

Faster asset growth than 51% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

74th percentile

40%

Faster revenue growth than 74% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Assets

Up

$5,503,401

Up $499,189 (+10.0%) from 2020

Net Assets

Up

$5,051,652

Up $383,686 (+8.2%) from 2020

Liabilities

Up

$451,749

Up $115,503 (+34%) from 2020

Revenue

Up

$1,724,674

Up $488,461 (+40%) from 2020

Expenses

Up

$1,340,988

Up $60,658 (+4.7%) from 2020

Net Income

Up

$383,686

Up $427,803 (+970%) from 2020

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

2021

Assets$5,503,401
Liabilities$451,749
Net Assets$5,051,652

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

2021

Revenue$1,724,674
Expenses$1,340,988
Net Income$383,686
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Mar 14, 2022
Return Version
2020v4.1
Gross Receipts
$1,724,674
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$3,871,746$3,697,150▼ $174,596
Cash and Non-Interest-Bearing Accounts$954,028$1,265,349▲ $311,321
Accounts Receivable$40,012$19,795▼ $20,217
Total Assets$5,004,212$5,503,401▲ $499,189
Other Assets Total$138,426$521,107▲ $382,681
Liabilities
Mortgage Notes Payable Secured by Investment Property$161,100$225,946▲ $64,846
Accounts Payable and Accrued Expenses$175,146$225,803▲ $50,657
Total Liabilities$336,246$451,749▲ $115,503
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,643,333$5,051,652▲ $408,319
Net Assets With Donor Restrictions$24,633--
Total Net Assets Fund Balance$4,667,966$5,051,652▲ $383,686
Total Liabilities and Net Assets / Fund Balance$5,004,212$5,503,401▲ $499,189

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,996,336$1,347,292$3,343,628
Equipment$1,128,768$771,871$1,900,639
Leasehold Improvements$568,726$423,295$992,021
Other Land Buildings$3,320$12,830$16,150
Other Assets Org$511,334--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Mircea DivriceanPresident & CEOFT$175,625$175,625
Mike DivriceanChief Operating OfficerFT$130,000$130,000

Board Members and Trustees

NameTitle
David MetivierChair
Celeste EdmundsPast Chair
Natalie JensenVice Chair
Steven EvansBoard Member
Terry GrantBoard Member
Tom BarkesSecretary
Kyle WintherTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,056,946
Program Service Revenue
$492,990
Investment Income
$943
Other Revenue
$173,795
All Other Contributions
$663,821
Change in Net Assets
$383,686

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,724,674
Revenue Not Reported on Form 990
$86,720
Total Revenue per Audited Statements
$1,811,394
Total Revenue per Form 990
$1,724,674
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$898,018
Other Expenses$442,970
Total Fundraising Expense$15,159
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$466,861$39,247$6,926$513,034
Current Officers, Directors, Trustees, and Key Employees$231,481$19,460$3,434$254,375
Depreciation Depletion$227,944$1,151$1,151$230,246
Other Employee Benefits$66,566$5,177$2,219$73,962
Payroll Taxes$52,682$3,291$674$56,647
Occupancy$46,200$126$126$46,452
Fees for Services Other$38,991--$38,991
Office Expenses$27,289$1,068$629$28,986
Insurance$22,352--$22,352
Travel$5,228--$5,228
Other Expenses$1,516--$1,516
Total Functional Expenses$1,256,309$69,520$15,159$1,340,988

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,427,708
Expenses per Audited Statements$1,340,988
Total Expenses per Form 990$1,340,988
Expenses Not Reported on Form 990$86,720
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraiser$26,500---
Fundraiser----
Total Events$26,500---
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
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 Policies 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
Mircea Divricean
Title
President
Phone
8015820700
Signed
2022-03-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mircea Divricean
Formed
1953
Legal Domicile
Ut
Voting Board Members
10
Independent Board Members
10
Employees
35

Preparer

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

Additional Explanations

General explanation attachment

Form 990, Part III, Line 4a Summer Camp May-Aug we provide 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 Transplant, 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. Travel Trip camps include destinations such as Salt Lake Valley, Park City, Zion, Jackson Hole, Yellowstone, Bryce Canyon, Capitol Reed, and Bear Lake. Our campers include individuals with autism, cerebral palsy, Down syndrome, muscular dystrophy, spina bifida, Prader Willi, spinal cord injury, traumatic brain injury, vision/hearing impairments, amputees, developmental/learning delays, ADHD, learning disabilities, veterans with PTSD, and others. We also provide Adventure Days and Mini-Camps for Hill Airforce Base, Intermountain PKU, St. Ambrose, and others. Additionally, Ropes/Teambuilding/Leadership Trainings would typically be provided. Due to the pandemic, we were not able to run our Residential, Trip and Partner Camp Programs for the Summer of 2020. We continued our Day Camp Programs and opened these programs to everyone regardless if they have a disability or not. From May Aug 2020 we provided 15 weeks of Day Camp, had a total of 1044 campers, providing 610 program hours and 8,777 service hours. The Day Camps are 5 days a week and held at our campus in Emigration Canyon where campers ride horses, swim, fish, hike, and more. By reimagining and reengineering our programs, implementing strict policies and procedures, and by remaining in the red risk zone we were able to open our summer camps early and run 15 weekly sessions. We are happy to announce that we have had zero health issues and zero Covid-19 transmissions throughout the entire process. Form 990, Part III, Line 4bCommunity Based Programs from October 2019-March 2020 provided 3 to 4 activities weekly for children and adults with disabilities. Our students stretch their imagination, learn practical life skills, learn problem solving skills, maximize their potential for independence, and build healthy bodies, minds, and spirits. Activities included Mini-Camps, Drama, Dance, Sports, Horseback Riding, Bowling, Cooking, Classes, Arts & Crafts, and other educational activities. During the months of October-March, we provided 71 activities, for 1,026 people, providing 626 program hours and 8,326 service hours. In March 2020, due to the Pandemic we had to reimagine our Community Based Programs. We recreated our program and re-started in September of 2020, with providing 3 activities a week. In September we provided 10 activities in total, for 40 people, providing 52 program hours and 232 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, man school districts, and other organizations. Form 990, Part III, Line 4cOur year round Equestrian Program provided individuals 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 individuals 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 118 individual

Financial Statement Notes

Other revenues not included on Form 990 (Part XI, line 2D)

The in kind revenue of $86,720 was not included.

Other expenses not included on Form 990 (Part XII, line 2D)

The in kind expense of $86,720 was not included.

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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Other Assets
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IRS990ScheduleD/RevenueSubtotalAmt01724674
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The in kind revenue of $86,720 was not included.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The in kind expense of $86,720 was not included.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Other revenues not included on Form 990 (Part XI, line 2d)
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Other expenses not included on Form 990 (Part XII, line 2d)
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt0521107
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0175625
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Mircea Divricean
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President & CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0175625
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Board Members
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board Members
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The general board reviews the annual tax return.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Annually the board members acknowledge compliance to policies by signing an Acknowledgement of Receipt of Policies form.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Executive committee reviews and approves the compensation of the executive director annually. Any changes are reflected in the budget which is approved by the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Executive 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Documents are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Form 990, Part III, Line 4a Summer Camp May-Aug we provide 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 Transplant, 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. Travel Trip camps include destinations such as Salt Lake Valley, Park City, Zion, Jackson Hole, Yellowstone, Bryce Canyon, Capitol Reed, and Bear Lake. Our campers include individuals with autism, cerebral palsy, Down syndrome, muscular dystrophy, spina bifida, Prader Willi, spinal cord injury, traumatic brain injury, vision/hearing impairments, amputees, developmental/learning delays, ADHD, learning disabilities, veterans with PTSD, and others. We also provide Adventure Days and Mini-Camps for Hill Airforce Base, Intermountain PKU, St. Ambrose, and others. Additionally, Ropes/Teambuilding/Leadership Trainings would typically be provided. Due to the pandemic, we were not able to run our Residential, Trip and Partner Camp Programs for the Summer of 2020. We continued our Day Camp Programs and opened these programs to everyone regardless if they have a disability or not. From May Aug 2020 we provided 15 weeks of Day Camp, had a total of 1044 campers, providing 610 program hours and 8,777 service hours. The Day Camps are 5 days a week and held at our campus in Emigration Canyon where campers ride horses, swim, fish, hike, and more. By reimagining and reengineering our programs, implementing strict policies and procedures, and by remaining in the red risk zone we were able to open our summer camps early and run 15 weekly sessions. We are happy to announce that we have had zero health issues and zero Covid-19 transmissions throughout the entire process. Form 990, Part III, Line 4bCommunity Based Programs from October 2019-March 2020 provided 3 to 4 activities weekly for children and adults with disabilities. Our students stretch their imagination, learn practical life skills, learn problem solving skills, maximize their potential for independence, and build healthy bodies, minds, and spirits. Activities included Mini-Camps, Drama, Dance, Sports, Horseback Riding, Bowling, Cooking, Classes, Arts & Crafts, and other educational activities. During the months of October-March, we provided 71 activities, for 1,026 people, providing 626 program hours and 8,326 service hours. In March 2020, due to the Pandemic we had to reimagine our Community Based Programs. We recreated our program and re-started in September of 2020, with providing 3 activities a week. In September we provided 10 activities in total, for 40 people, providing 52 program hours and 232 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, man school districts, and other organizations. Form 990, Part III, Line 4cOur year round Equestrian Program provided individuals 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 individuals 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 118 individual
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other officer or key employee compensation Part VI line 15b

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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
2021Detailed filing. Detailed filing data is available for this year.$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