Civic Intelligence

Opal S Dream Foundation Inc.

990 • Fiscal year 2018 • EIN 90-0887035

Jan 01, 2018 to Dec 31, 2018 • Filed on May 09, 2019

505 Willow CourtElizabethtown, KY 42701

(270) 723-3052

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

56th percentile

0.00x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

61st percentile

8.8%

Higher net margin than 61% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

80th percentile

$8,750

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 5.4% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

79th percentile

34%

Faster asset growth than 79% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

92nd percentile

96%

Faster revenue growth than 92% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$56,833

Up $14,361 (+34%) from 2017

Net Assets

Up

$56,833

Up $14,361 (+34%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue

Up

$162,656

Up $79,563 (+96%) from 2017

Expenses

Up

$148,295

Up $53,710 (+57%) from 2017

Net Income

Up

$14,361

Up $25,853 (+225%) from 2017

Historical Trend

Balance Sheet Trend

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

$60K$40K$20K$0-$20K-$40KAssets 2017: $42,472Liabilities 2017: $0Net Assets 2017: $42,4722017Assets 2018: $56,833Liabilities 2018: $0Net Assets 2018: $56,8332018Assets 2019: $17,721Liabilities 2019: $1,440Net Assets 2019: $16,2812019Assets 2020: $33,145Liabilities 2020: $0Net Assets 2020: $33,1452020Assets 2021: $47,653Liabilities 2021: $0Net Assets 2021: $47,6532021Assets 2022: $26,093Liabilities 2022: $46,178Net Assets 2022: -$20,0852022Assets 2023: $14,918Liabilities 2023: $11,487Net Assets 2023: $3,4312023Assets 2024: $11,005Liabilities 2024: $11,307Net Assets 2024: -$3022024

Highlighted filing

2018

Assets$56,833
Liabilities$0
Net Assets$56,833

Operations Trend

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

$200K$100K$0-$100K-$200KRevenue 2017: $83,093Expenses 2017: $94,585Net Income 2017: -$11,4922017Revenue 2018: $162,656Expenses 2018: $148,295Net Income 2018: $14,3612018Revenue 2019: $163,884Expenses 2019: $164,551Net Income 2019: -$6672019Revenue 2020: $174,474Expenses 2020: $159,050Net Income 2020: $15,4242020Revenue 2021: $182,801Expenses 2021: $168,293Net Income 2021: $14,5082021Revenue 2022: $96,404Expenses 2022: $198,459Net Income 2022: -$102,0552022Revenue 2023: $198,438Expenses 2023: $174,922Net Income 2023: $23,5162023Revenue 2024: $82,324Expenses 2024: $86,057Net Income 2024: -$3,7332024

Highlighted filing

2018

Revenue$162,656
Expenses$148,295
Net Income$14,361
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 9, 2019
Return Version
2018v3.1
Gross Receipts
$162,656
Mission and Program Overview

Mission

Opal's dream foundation, inc. Is a charity that focuses on working in

Opal's dream foundation, inc. Is a charity that focuses on working in senior care facilities to improve the quality of life for the members that reside in those facilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$42,472$56,833▲ $14,361
Total Assets$42,472$56,833▲ $14,361
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$42,472$56,833▲ $14,361
Total Net Assets Fund Balance$42,472$56,833▲ $14,361
Total Liabilities and Net Assets / Fund Balance$42,472$56,833▲ $14,361
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Paul ThompsonChief Operating OfficerFT$8,750$8,750

Board Members and Trustees

NameTitle
Jerry StithChairman of the Board
Pete RamseyVice-chairman of the Board
Bruce CoyneBoard Member
COLLEEN O'CONNORBoard Member
Janet StithBoard Member
Jeff HealeyBoard Member
Joe BilleBoard Member
Jason NemesLegal Counsel
Bobby StithSecretary
Ken DozerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$28,252
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$134,404
All Other Contributions
$28,252
Change in Net Assets
$14,361
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$139,545
Salaries, Compensation, and Employee Benefits$8,750
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$33,500$0$0$33,500
Current Officers, Directors, Trustees, and Key Employees$4,375$4,375$0$8,750
Insurance$2,236$2,235$0$4,471
Office Expenses$0$4,333$0$4,333
Total Functional Expenses$137,352$10,943$0$148,295
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$92,668
Gaming Gross Income$41,736
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$73,944$73,944-$73,944
Golf Scramble$18,724$18,724$1,711$17,013
Total Events$92,668$92,668$22,814$69,854
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
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
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
OPAL'S DREAM FOUNDATION INC
EIN
90-0887035
Phone
2707233052
Address
505 WILLOW COURT, ELIZABETHTOWN, KY 42701

Signing Officer

Name
Kenneth D Dozer
Title
Treasurer/executive Board
Phone
2707233052
Signed
2019-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kenneth D Dozer
Formed
2012
Legal Domicile
Ky
Voting Board Members
10
Independent Board Members
10
Employees
1
Volunteers
30

Preparer

Firm
Burba & Company Psc
Address
1107 CROWNE POINTE DRIVE SUITE 201, ELIZABETHTOWN, KY 42701
Preparer
Jon M Anderson CPA
Phone
2707636601
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

A copy of the draft of the federal form 990 for the organization was provided to all members of the board of directors for review, questioning, etc. Before the submission of the 990. After any/all questions were answered, the board of directors voted to approve the 990. After the 990 was approved, notification was provided to the professional firm that the treasurer had the authorization to request the release of the federal form 990 to the internal revenue service.

Pt VI, Line 12C

A copy of the conflict of interest policy is distributed to the board of directors on an annual basis. Furthermore, if a new board member comes on to serve at any point in time, a copy is provided immediately to the new member. At the onset of every board meeting conducted by the organization, the chairman of the board as well as the treasurer remind all voting members of the board that for any business that is undertaken, they should remember that they are subject ot the conflict of interest policy and should act accordingly. Also, once a year, the policy is reviewed for any updates/changes/etc. That need to take place.

Pt VI, Line 15A

In the event that there would be compensation to the ceo/executive director/top individual, then a review and approval from independent people would take place for the organization.

Pt VI, Line 15B

In the event that there would be compensation to any other officer or key employee, then a review and approval from independent people would take place for the organization.

Pt VI, Line 18

The organization makes the annual federal form 990 available for review and inspection upon request from the board of directors from the organization.

Pt VI, Line 19

The organication makes the governing documents, the currenty and prior conflict of interest policy documents, and the financial records available for review and inspection upon request from the board of directors from the organization.

Pt VI, Line 2

The chairmain of the board of the organization is related to the secretary of the board of directors of the organization due to the fact that they are husband and wife. Neither are compensated by the organization for the volunteer services rendered to the organization.

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IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt072510
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt070054
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt047431
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt0400825
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt00
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IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt00
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IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearAmt00
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IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus4YearsAmt00
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt090976
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt062157
IRS990ScheduleA/Total509Grp/TotalAmt0519644
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0519644
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
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IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt01800
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt022814
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt03064
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt03064
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GALA
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0GOLF SCRAMBLE
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt04825
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt04825
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt073944
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt018724
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt092668
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt073944
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt018724
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt092668
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt069854
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent2Amt0174
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt0174
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt01711
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt01711
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt09240
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt02000
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt011240
IRS990ScheduleG/GamingInformationGrp/DirectExpenseSummaryGamingAmt010367
IRS990ScheduleG/GamingInformationGrp/GrossRevenueOtherGamingAmt041736
IRS990ScheduleG/GamingInformationGrp/GrossRevenueTotalGamingAmt041736
IRS990ScheduleG/GamingInformationGrp/NetGamingIncomeSummaryAmt031369
IRS990ScheduleG/GamingInformationGrp/NonCashPrizesOtherGamingAmt010079
IRS990ScheduleG/GamingInformationGrp/NonCashPrizesTotalGamingAmt010079
IRS990ScheduleG/GamingInformationGrp/OthDirectExpnssOtherGamingAmt0288
IRS990ScheduleG/GamingInformationGrp/OthDirectExpnssTotalGamingAmt0288
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IRS990ScheduleG/GamingOwnFacilityPct00.00000
IRS990ScheduleG/GamingWithNonmembersInd0true
IRS990ScheduleG/IndividualWithBooksNm0KENNETH D DOZER
IRS990ScheduleG/LicensedInd0true
IRS990ScheduleG/LicenseSuspendedEtcInd0false
IRS990ScheduleG/MemberOfOtherEntityInd0false
IRS990ScheduleG/PersonsWithBooksUSAddress/AddressLine1Txt0505 WILLOW COURT
IRS990ScheduleG/PersonsWithBooksUSAddress/CityNm0ELIZABETHTOWN
IRS990ScheduleG/PersonsWithBooksUSAddress/StateAbbreviationCd0KY
IRS990ScheduleG/PersonsWithBooksUSAddress/ZIPCd042701
IRS990ScheduleG/StatesWhereGamingConductedCd0KY
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE DRAFT OF THE FEDERAL FORM 990 FOR THE ORGANIZATION WAS PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS FOR REVIEW, QUESTIONING, ETC. BEFORE THE SUBMISSION OF THE 990. AFTER ANY/ALL QUESTIONS WERE ANSWERED, THE BOARD OF DIRECTORS VOTED TO APPROVE THE 990. AFTER THE 990 WAS APPROVED, NOTIFICATION WAS PROVIDED TO THE PROFESSIONAL FIRM THAT THE TREASURER HAD THE AUTHORIZATION TO REQUEST THE RELEASE OF THE FEDERAL FORM 990 TO THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO THE BOARD OF DIRECTORS ON AN ANNUAL BASIS. FURTHERMORE, IF A NEW BOARD MEMBER COMES ON TO SERVE AT ANY POINT IN TIME, A COPY IS PROVIDED IMMEDIATELY TO THE NEW MEMBER. AT THE ONSET OF EVERY BOARD MEETING CONDUCTED BY THE ORGANIZATION, THE CHAIRMAN OF THE BOARD AS WELL AS THE TREASURER REMIND ALL VOTING MEMBERS OF THE BOARD THAT FOR ANY BUSINESS THAT IS UNDERTAKEN, THEY SHOULD REMEMBER THAT THEY ARE SUBJECT OT THE CONFLICT OF INTEREST POLICY AND SHOULD ACT ACCORDINGLY. ALSO, ONCE A YEAR, THE POLICY IS REVIEWED FOR ANY UPDATES/CHANGES/ETC. THAT NEED TO TAKE PLACE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IN THE EVENT THAT THERE WOULD BE COMPENSATION TO THE CEO/EXECUTIVE DIRECTOR/TOP INDIVIDUAL, THEN A REVIEW AND APPROVAL FROM INDEPENDENT PEOPLE WOULD TAKE PLACE FOR THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IN THE EVENT THAT THERE WOULD BE COMPENSATION TO ANY OTHER OFFICER OR KEY EMPLOYEE, THEN A REVIEW AND APPROVAL FROM INDEPENDENT PEOPLE WOULD TAKE PLACE FOR THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES THE ANNUAL FEDERAL FORM 990 AVAILABLE FOR REVIEW AND INSPECTION UPON REQUEST FROM THE BOARD OF DIRECTORS FROM THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANICATION MAKES THE GOVERNING DOCUMENTS, THE CURRENTY AND PRIOR CONFLICT OF INTEREST POLICY DOCUMENTS, AND THE FINANCIAL RECORDS AVAILABLE FOR REVIEW AND INSPECTION UPON REQUEST FROM THE BOARD OF DIRECTORS FROM THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE CHAIRMAIN OF THE BOARD OF THE ORGANIZATION IS RELATED TO THE SECRETARY OF THE BOARD OF DIRECTORS OF THE ORGANIZATION DUE TO THE FACT THAT THEY ARE HUSBAND AND WIFE. NEITHER ARE COMPENSATED BY THE ORGANIZATION FOR THE VOLUNTEER SERVICES RENDERED TO THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt VI, Line 2
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false

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