2024-05-15T05:18:08-07:00 2023-06-30 363335935 Costabile & Steffens PC 1805 Hicks Rd Rolling Meadows IL 60008 990 2022-07-01 452406296 DREAMS FOR KIDS DBA GCE LAB SCHOOL DREA 3129253357 9 W WASHINGTON STREET 4TH FLOOR CHICAGO IL 60602 SHERYL CURCIO President 2024-05-15 true SHERYL CURCIO 999009999 true Frank J Costabile P00629672 8477763700 2 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z 9 W WASHINGTON STREET 4TH FLOOR CHICAGO IL 60602 1540712 false X gcelabschool.org X 2011 IL 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. 10 10 18 15 0 3325837 782737 550934 715930 4101 9045 33000 3880872 1540712 0 0 1126138 1546492 0 13653 518984 1631553 1645122 3178045 2235750 -1637333 8029349 5974335 3753246 3335565 4276103 2638770 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. false false 2816779 654825 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. 10000 61105 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. 2826779 true false false false false false false false false false true false false false true true true false false false false false false false false false false false false false false false false true false false false false false false false false false false false false false true 14 0 true 18 true false false false false false false false 0 false false false false false false false X 10 10 false false false false false false false true true false false true true true true false true false false false IL X X SHERYL CURCIO 3129253357 9 W Washington Street 4th Floor CHICAGO IL 60602 X KABELL H KING PRINCIPAL 40.00 0.00 110500 0 0 BILL KINGORE Director 1.00 0.00 X 0 0 0 JEFF JOHNSON Director 1.00 0.00 X 0 0 0 DIANE DAHL Director 5.00 0.00 X 0 0 0 SHERYL CURCIO President 35.00 0.00 X X 0 0 0 LISA HUMPHREY Secretary 10.00 0.00 X X 0 0 0 RODNEY MORRIS Director 1.00 0.00 X 0 0 0 RUPAL DADU Director 5.00 0.00 X 0 0 0 STEPHEN WILKINS Director 5.00 0.00 X 0 0 0 MATT PREWITT Director 1.00 0.00 X 0 0 0 JAMES GAGNARD Director 1.00 0.00 X 0 0 0 110500 1 false false false 0 90965 691772 782737 AUX. SERVICES - EXEMPT 611710 13393 13393 TUITIONS AND FEES 611600 702537 702537 715930 9045 9045 0 0 0 0 0 0 0 fiscal agent fees 33000 33000 33000 1540712 715930 42045 0 0 0 0 0 0 1346968 1134109 212859 0 101397 85374 16023 98127 82620 15507 0 8854 8854 22217 22217 0 0 0 0 73871 48175 12043 13653 8630 860 7770 0 0 108712 97841 10871 0 0 0 108127 97314 10813 0 152968 137671 15297 14687 13218 1469 PLEDGE WRITE-OFFS 1017642 1017642 DUES AND SUBSCRIPTIONS 63472 63472 STUDENT RELATED EXPENSES 41859 41859 TELEPHONE AND INTERNET 4386 3947 439 6128 2677 3451 3178045 2826779 337613 13653 369889 247261 0 1341255 1000 455069 0 75755 58221 0 0 0 0 5872528 204675 5784359 5667853 0 0 0 0 3022 0 8029349 5974335 235727 26302 521445 785000 785000 2158395 2083350 52679 440913 3753246 3335565 X 2841353 2628770 1434750 10000 4276103 2638770 8029349 5974335 -1637333 X false true X true false X 963322 1057323 2397519 3514903 782737 8715804 350143 386173 418161 532487 715930 2402894 0 0 0 1313465 1443496 2815680 4047390 1498667 11118698 400000 750000 1344322 2125000 4619322 0 400000 750000 1344322 2125000 4619322 6499376 9142 4101 9045 22288 0 9142 4101 9045 22288 0 0 1313465 1443496 2824822 4051491 1507712 11140986 0.58340 0.53950 0.00200 0.00120 X 2930234 98301 2831933 2895593 97478 2798115 46701 8896 37805 5667853 accr. interest 43351 OTHER 397562 440913 X 1540712 1540712 1540712 3178045 3178045 3178045 Part X : FIN48 Footnote THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE FOUNDATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE THAN LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHINCAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE FOUNDATION AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR THE YEAR ENDED JUNE 30, 2023. SHERYL CURCIO BOARD CHAIR CONTRIBUTION X 30000 494 false true true ANDREW DAVIS TREASURER CONTRIBUTION X 15000 247 false true true SHERYL AND DOMINIC CURCIO BOARD CHAIR WORKING CAP X 785000 785000 false true true SHERYL CURCIO BOARD CHAIR CONTRIBUTIO X 50000 38320 false true true ANDREW DAVIS TREASURER CONTRIBUTIO X 25000 19160 false true true 843221 Form 990, Part VI, Section B, Line 11b BOARD PRESIDENT REVIEWS FORM 990 WITH THE AUDITORS, THEN REPORTS TO THE EXECUTIVE COMMITTEE. Form 990, Part VI, Section B, Line 12c THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY AND EVERY DIRECTOR AND PRINCIPAL OFFICER AGREES TO COMPLY WITH THE POLICY UNPON JOINING THE ORGANIZATION. Form 990, Part VI, Section C, Line 19 THE ORGANIZATION MAKES THESE DOCUMENTS AVAILABLE TO THE PUBLIC UPON SPECIFIC REQUEST.