Summerville Dream Inc
Nonprofit profile at a glance
- EIN
- 455470486
- IRS 990 coverage
- 2014–2025
- Forms available
- Form 990 2025, Form 990-N 2013
- Location
- Summerville, SC, USA
- Phone
- 8438217260
- Rating
- 59
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Historical Societies, Related Historical Activities
Reported finances
- Revenue
- $652,989
- Expenses
- $331,752
- Assets
- $587,458
- Liabilities
- $6,400
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- STEVE DONIGER (EXECUTIVE DIRECTOR)
Highest reported compensation
- STEVE DONIGER (EXECUTIVE DIRECTOR): $76,731 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Summerville dream is a 501 (c)(3) organization dedicated to improving the quality of life in summerville by enhancing the aesthetic, cultural, social and economic aspects of the downtown area, while preserving its historic identity. Summerville dream promotes downtown revitalization through event coordination, business education, advocacy, beautification and enhancement projects, tourism promotion, and marketing historic downtown summerville to residents and guests.we operate using the main street approach, which uses both hard data about our community and input from its residents to develop a vision for our downtown. This vision is addressed through four separate committees economic vitality, promotion, design, and organization, each of which acts on different elements of the vision to produce both qualitative and quantitative outcomes. Our goal is to improve the quality of life in downtown summerville.
What it reported doing in 2025
Sweet tea festivalthe sweet tea festival is a celebration of the birthplace of sweet tea, right here in summerville sc. Our historic downtown is transformed into a massive open house / street fair with different food trucks, artisanal vendors and entertainment. Of course, there is plenty of sweet tea and you can help select the tea of the year by sampling and voting for your favorite!
Operating model
- Revenue model
- Grant-funded. 64% of the money available for current operations came from government grants.
- 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
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 24
- Transparency & Controls: 92
- Accountability: 79
- Sustainability: 69
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 19.8%; rating input score 20
- Program expense ratio: 38.8%; rating input score 39
- 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: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 4 of 8 controls in place; rating input score 50
- 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: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 49.2%; rating input score 90; 90th percentile among comparable filings
- Total-asset coverage ratio: 1.77; rating input score 61; 61st percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 59; 59th percentile among comparable filings
- Officer compensation ratio: 23.1%; rating input score 13; 13th percentile among comparable filings
Growth
- Program expense growth: -1.2% per year; rating input score 0; 12th percentile among comparable filings
- Revenue growth: 9.9% per year; rating input score 100; 60th percentile among comparable filings
- Asset growth: 23% per year; rating input score 100; 83rd percentile among comparable filings
Details
- Where the money goes: 19.8% of revenue deployed · 38.8% of spending went to programs
- Governance: 10 of 10 board members independent · 4 of 8 filing controls reported
- Programs: 4 filed program accomplishments · $129K in reported program spending
- Leadership: top reported pay $77K · 15 people listed
- Consistency: 26 of 26 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 12 filing years from 2014 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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 — Financial Efficiency: Mission deployment rate scored 20/100.
- Moderate — Financial Efficiency: Program expense ratio scored 39/100.
- Review — Accountability: Governance controls: 3 of 7 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 13/100.
- Review — Sustainability: Liabilities to assets ratio scored 59/100.