Liabilities / Assets
63rd percentile
Tied with the lowest-debt nonprofits in its peer group.
Developing Responsible Economically Advanced Model-Citizens
990EZ • Fiscal year 2021 • EIN 80-0709066
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.00x
Liabilities / Revenue
63rd percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
94th percentile
Higher net margin than 94% of similar nonprofits.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
66th percentile
Faster asset growth than 66% of similar nonprofits.
Revenue Growth
7th percentile
Faster revenue growth than 7% of similar nonprofits.
Balance Sheet
Assets
Flat$163,491
Flat from 2021
Net Assets
$163,491
No earlier filing loaded for comparison.
Liabilities
Flat$0
Flat from 2021
Revenue And Expenses
Revenue
Flat$12,036
Flat from 2021
Expenses
Flat$2,431
Flat from 2021
Net Income
Flat$9,605
Flat from 2021
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2021 to Dec 31, 2021
- Signed
- Jun 26, 2023
- Return Version
- 2021v4.0
- Gross Receipts
- $12,036
Mission and Program Overview
Mission
Financial literacy education and advocacy
Program Services
| Description | Grants | Expenses |
|---|---|---|
| The Invest-in-Success program is our principial, hallmark programmatic offering. This three-year financial institute is provided to high school students, starting in the ninth grade. The program aims to develop students understanding of personal finance ultimately enhancing their financial literacy. On average, there are 25 students per cohort. | $0 | $0 |
| Money Talks are customized financial literacy sessions and events hosted and planned in conjunction with community based organizations, schools, and local businesses. Over 200 participants annually. | $0 | $0 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Mr Femi Faoye | Chief Executive Officer | FT | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Developing Responsible Economically Advanced Model-citizens
- EIN
- 80-0709066
- Phone
- 3472472528
- Address
- 30 Wall Street 8th floor, New York, NY 10005
Signing Officer
- Name
- Femi Faoye
- Title
- CEO
- Phone
- 3472472528
- Signed
- 2023-06-26
Supplemental Narrative
Additional Explanations
Form 990-EZ, Header, Line B
“Initial filing was submitted via mail in August 2022. A response from the IRS was received in January 2023 indicating that our return cannot be processed as the Taxpayer First Act requires tax-exempt organizations to electronically file information returns for tax years ending on or after July 1, 2021.”
Form 990-EZ, Part I, Line 16
“$1,651 "Other expenses" relating to general and administrative expenses and bank fees”
Form 990-EZ, Part I, Line 20
“Relating to the appreciation of investments held in public securities”
Raw XML Appendix154 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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|---|---|---|
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| IRS990EZ/AmendedReturnInd | 0 | X |
| IRS990EZ/BenefitsPaidToOrForMembersAmt | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | Mr Femi Faoye |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 3472472528 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 30 Wall Street 8th floor |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | New York |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 10005 |
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| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 163491 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 9884 |
| IRS990EZ/CostOfGoodsSoldAmt | 0 | 0 |
| IRS990EZ/CostOrOtherBasisExpenseSaleAmt | 0 | 0 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
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| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 9605 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 0 |
| IRS990EZ/FiledScheduleAInd | 0 | 1 |
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| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 163491 |
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| IRS990EZ/GrossProfitLossSlsOfInvntryAmt | 0 | 0 |
| IRS990EZ/GrossReceiptsAmt | 0 | 12036 |
| IRS990EZ/GrossSalesOfInventoryAmt | 0 | 0 |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 2152 |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 0 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 0 |
| IRS990EZ/LobbyingActivitiesInd | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MembershipDuesAmt | 0 | 0 |
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| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 163491 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 780 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 35 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | Mr Femi Faoye |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | Chief Executive Officer |
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| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 0 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 27800 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 1651 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 0 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | Financial literacy education and advocacy |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 0 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | The Invest-in-Success program is our principial, hallmark programmatic offering. This three-year financial institute is provided to high school students, starting in the ninth grade. The program aims to develop students understanding of personal finance ultimately enhancing their financial literacy. On average, there are 25 students per cohort. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | Money Talks are customized financial literacy sessions and events hosted and planned in conjunction with community based organizations, schools, and local businesses. Over 200 participants annually. |
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| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 1 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 1 | 0 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 0 |
| IRS990EZ/SaleOfAssetsGrossAmt | 0 | 0 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 0 |
| IRS990EZ/SpecialEventsNetIncomeLossAmt | 0 | 0 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | NY |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 0 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 2431 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/TotalRevenueAmt | 0 | 12036 |
| IRS990EZ/TransactionWithControlEntInd | 0 | 0 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | www.dream-usa.org |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | Interest income from investments. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | Schedule A, Part II, Line 10 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 9884 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 95979 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 1085 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 3445 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 242 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 110635 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt | 0 | 2152 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 2878 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 55 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 236 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 78 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 5399 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.95347 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 1 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 110635 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 9884 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 95979 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 1085 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 3445 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 242 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 110635 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 116034 |
| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Initial filing was submitted via mail in August 2022. A response from the IRS was received in January 2023 indicating that our return cannot be processed as the Taxpayer First Act requires tax-exempt organizations to electronically file information returns for tax years ending on or after July 1, 2021. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | $1,651 "Other expenses" relating to general and administrative expenses and bank fees |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Relating to the appreciation of investments held in public securities |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990-EZ, Header, Line B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990-EZ, Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990-EZ, Part I, Line 20 |
| ReasonableCauseExplanation/ExplanationTxt | 0 | Initial return was submitted via mail under normal course of business. Due to the Taxpayer First Act which requires electronic filing for returns and related forms for tax years end on or after July 1, 2021 the initial filing was returns on January 24, 2023. As a result, this re-submission is being filed late. |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL2 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd | 0 | 1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd | 0 | 11 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 0 |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Femi Faoye |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | CEO |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 3472472528 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2023-06-26 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | DEVELOPING RESPONSIBLE ECONOMICALLY ADVANCED MODEL-CITIZENS |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | DEVE |
| ReturnHeader/Filer/EIN | 0 | 800709066 |
| ReturnHeader/Filer/PhoneNum | 0 | 3472472528 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 30 Wall Street 8th floor |
| ReturnHeader/Filer/USAddress/CityNm | 0 | New York |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 10005 |
| ReturnHeader/ReturnTs | 0 | 2023-06-26T21:50:15-07:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2021-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2021-12-31 |
| ReturnHeader/TaxYr | 0 | 2021 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $163,491
- Liabilities
- $0
- Net assets
- $163,491
- Revenue
- $12,036
- Expenses
- $2,431
- Net income
- $9,605