Totals
- Total revenue
- $1,540,712
- Total expenses
- $3,178,045
- Contributions and grants received
- $782,737
- Grants paid
- $0
- Program service revenue
- $715,930
- Investment income
- $9,045
- Other revenue
- $33,000
- Total assets, end of year
- $5,974,335
- Total liabilities, end of year
- $3,335,565
- Net assets or fund balances, end of year
- $2,638,770
- Program services expenses (Part IX)
- $2,826,779
- Management and general expenses
- $337,613
- Fundraising expenses
- $13,653
- Program service expenses (Part III)
- $2,826,779
Program services were 88.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$90,965
-
1f · All other contributions, gifts and grants
$691,772
-
2a · Program service revenue: AUX. SERVICES - EXEMPT
total $13,393 · related or exempt $13,393
-
2b · Program service revenue: TUITIONS AND FEES
total $702,537 · related or exempt $702,537
-
3 · Investment income
total $9,045 · excluded $9,045
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: fiscal agent fees
total $33,000 · excluded $33,000
-
11e · Other revenue, total
$33,000
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $1,346,968 · program services $1,134,109 · management and general $212,859
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $101,397 · program services $85,374 · management and general $16,023
-
10 · Payroll taxes
total $98,127 · program services $82,620 · management and general $15,507
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $8,854 · management and general $8,854
-
11c · Fees: accounting
total $22,217 · management and general $22,217
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $73,871 · program services $48,175 · management and general $12,043 · fundraising $13,653
-
13 · Office expenses
total $8,630 · program services $860 · management and general $7,770
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $108,712 · program services $97,841 · management and general $10,871
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $108,127 · program services $97,314 · management and general $10,813
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $152,968 · program services $137,671 · management and general $15,297
-
23 · Insurance
total $14,687 · program services $13,218 · management and general $1,469
-
24a · Other expenses: PLEDGE WRITE-OFFS
total $1,017,642 · program services $1,017,642
-
24b · Other expenses: DUES AND SUBSCRIPTIONS
total $63,472 · program services $63,472
-
24c · Other expenses: STUDENT RELATED EXPENSES
total $41,859 · program services $41,859
-
24d · Other expenses: TELEPHONE AND INTERNET
total $4,386 · program services $3,947 · management and general $439
-
24e · All other expenses
total $6,128 · program services $2,677 · management and general $3,451
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $369,889 · end of year $247,261
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
beginning of year $1,341,255 · end of year $1,000
-
4 · Accounts receivable
beginning of year $455,069 · end of year $0
-
5 · Loans and receivables from officers and key people
beginning of year $75,755 · end of year $58,221
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$5,872,528
-
10b · Land, buildings and equipment: accumulated depreciation
$204,675
-
10c · Land, buildings and equipment, net
beginning of year $5,784,359 · end of year $5,667,853
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $3,022 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $235,727 · end of year $26,302
-
19 · Deferred revenue
beginning of year $521,445
-
22 · Loans and payables to officers and key people
beginning of year $785,000 · end of year $785,000
-
23 · Secured mortgages and notes payable
beginning of year $2,158,395 · end of year $2,083,350
-
25 · Other liabilities
beginning of year $52,679 · end of year $440,913
-
27 · Net assets without donor restrictions
beginning of year $2,841,353 · end of year $2,628,770
-
28 · Net assets with donor restrictions
beginning of year $1,434,750 · end of year $10,000
Mission and programs · 2022
Mission
EVERY CHILD DESERVES THE OPPORTUNITY TO REALIZE THEIR FULL POTENTIAL. DREAMS FOR KIDS & GCE LAB SCHOOL SUPPORT EXPERIMENTAL, PROJECT-BASED LEARNING AS THE SOLUTION TO AMPLIFYING STUDENT ACHIEVEMENT & PREPARING AN INCLUSIVE, FUTURE-READY WORKFORCE.
-
GCE Lab School provided an immersible, 4-year high school program with a student body that mirrored Chicago's socioeconomic and cultural diversity. The school had a flex tuition pay structure. 84% of students received tuition support and 100% of graduates believed they would make a difference in the world. The model proved that zip code should not determine one's opportunity to succeed. In June 2023, the Board voted to close the school due to unforeseen economic, political and enrollment issues. All students were successfully transferred to new schools.
Expenses $2,816,779 · Revenue $654,825
-
Dreams for Kids is an education collaborative that unites cities around a shared purpose: inspiring and preparing urban youth to live into their best selves. Working with corporate, nonprofit, civic an individual partners, we leverage the intellectual property developed at GCE Lab School and collaborate on real-world learning program that help urban students find their voice as future leaders, while exposing them to inspiring career paths. In early 2022/23, Dreams for Kids Board decided to serve as fiscal sponsors for companies who were committed to providing experimental, project-based, and / or place-based education opportunities and learning resources for under-resourced and / or disenfranchised urban youth.
Expenses $10,000 · Revenue $61,105
As filed on the 2022 return.
Listed in Part VII
-
Kabell H KingKABELL H KING
PRINCIPAL
- Total calculated
- $110,500
- From this org
- $110,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Bill KingoreBILL KINGORE
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jeff JohnsonJEFF JOHNSON
Director
- Total calculated
- $0
- Hours/week
- 1
-
Diane DahlDIANE DAHL
Director
- Total calculated
- $0
- Hours/week
- 5
-
Sheryl CurcioSHERYL CURCIO
President
- Total calculated
- $0
- Hours/week
- 35
-
Lisa HumphreyLISA HUMPHREY
Secretary
- Total calculated
- $0
- Hours/week
- 10
-
Rodney MorrisRODNEY MORRIS
Director
- Total calculated
- $0
- Hours/week
- 1
-
Rupal DaduRUPAL DADU
Director
- Total calculated
- $0
- Hours/week
- 5
-
Stephen WilkinsSTEPHEN WILKINS
Director
- Total calculated
- $0
- Hours/week
- 5
-
Matt PrewittMATT PREWITT
Director
- Total calculated
- $0
- Hours/week
- 1
-
James GagnardJAMES GAGNARD
Director
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202421369349300442
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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