Dream School Inc

Nonprofit profile at a glance

EIN
061741909
IRS 990 coverage
2012–2017
Forms available
Form 990 2017
Location
Boca Raton, FL, USA
Rating
65
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Elementary, Secondary Education, K - 12

Official website

Reported finances

Revenue
$433,655
Expenses
$436,547
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2017. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • KRISTOPHER SODERMAN (PRESIDENT)
  • WENDY SODERMAN (VICE PRESIDENT)

Highest reported compensation

  • KRISTOPHER SODERMAN (PRESIDENT): $80,000 total reported compensation
  • WENDY SODERMAN (VICE PRESIDENT): $80,000 total reported compensation
  • ROBIN SUMMAS (Director): $68,724 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Organized exclusively for charitable, religious, educational and scientific purposes. This organization is a private school for the purpose of providing an outstanding education that includes emotional and physical developmental aspects to bring out the best in all areas of each child, including language, art, sports, as well as intellectual growth areas. The school prepares and equips them to be responsible children growing into responsible, well rounded, self-confident and motivated adults.

What it reported doing in 2017

Program services revolve around the teaching of the children in all aspects, and all activities are based on the social, intellectual, emotional, physical, and artistic growth and instruction of the children.

Operating model

Revenue model
Earned-program. 94% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and the required major-donor schedule is missing or incomplete.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 75
  • Accountability: 30
  • Sustainability: 22
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 99.2%; rating input score 99
  • Program expense ratio: 97.7%; rating input score 98
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: No; rating input score 0
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 25%; rating input score 25; 13th percentile among comparable filings
  • Governance controls: 3 of 8 controls in place; rating input score 38
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Fail
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -0.7%; rating input score 38; 38th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 8.3%; rating input score 35; 35th percentile among comparable filings

Growth

  • Program expense growth: -7.5% per year; rating input score 0; 18th percentile among comparable filings
  • Revenue growth: -5.9% per year; rating input score 0; 15th percentile among comparable filings
  • Asset growth: -23.2% per year; rating input score 0; 4th percentile among comparable filings

Details

  • Where the money goes: 99.2% of revenue deployed · 97.7% of spending went to programs
  • Governance: 1 of 4 board members independent · 3 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $426K in reported program spending
  • Leadership: top reported pay $80K · 4 people listed
  • Consistency: 19 of 19 current checks pass
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 5 filing years from 2012 to 2017
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Independent voting board scored 25/100.
  • High — Transparency & Controls: Major donor itemization scored 0/100.
  • Moderate — Accountability: Governance controls: 4 of 7 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • Moderate — Sustainability: Operating margin scored 38/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Officer compensation ratio scored 35/100.