Civic Intelligence

Dreams Soar Inc.

990EZ • Fiscal year 2019 • EIN 81-2549531

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 12, 2020

800 Belle Terre Pkwy Suite 200-139Palm Coast, FL 32164

(510) 365-4458

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

79th percentile

0.10x

Higher debt load relative to assets than 79% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

84th percentile

0.12x

Higher debt load relative to revenue than 84% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

3rd percentile

-216%

Higher net margin than 3% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

6th percentile

-63%

Faster asset growth than 6% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

4th percentile

-80%

Faster revenue growth than 4% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$20,434

Down $35,421 (-63%) from 2018

Net Assets

Down

$18,434

Down $37,421 (-67%) from 2018

Liabilities

Up

$2,000

Up $2,000 from 2018

Revenue

Down

$17,360

Down $71,083 (-80%) from 2018

Expenses

Up

$54,781

Up $9,546 (+21%) from 2018

Net Income

Down

-$37,421

Down $80,629 (-187%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60K$40K$20K$0-$20KAssets 2017: $12,647Liabilities 2017: $0Net Assets 2017: $12,6472017Assets 2018: $55,855Liabilities 2018: $0Net Assets 2018: $55,8552018Assets 2019: $20,434Liabilities 2019: $2,000Net Assets 2019: $18,4342019Assets 2020: $29,838Liabilities 2020: $9,229Net Assets 2020: $20,6092020Assets 2021: $20,405Liabilities 2021: $16,247Net Assets 2021: $4,1582021Assets 2022: $23,069Liabilities 2022: $24,000Net Assets 2022: -$9312022Assets 2023: $12,102Liabilities 2023: $15,229Net Assets 2023: -$3,1272023Assets 2024: $300Liabilities 2024: $4,131Net Assets 2024: -$3,8312024

Highlighted filing

2019

Assets$20,434
Liabilities$2,000
Net Assets$18,434

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150K$100K$50K$0-$50KRevenue 2017: $127,135Expenses 2017: $130,465Net Income 2017: -$3,3302017Revenue 2018: $88,443Expenses 2018: $45,235Net Income 2018: $43,2082018Revenue 2019: $17,360Expenses 2019: $54,781Net Income 2019: -$37,4212019Revenue 2020: $4,202Expenses 2020: $2,027Net Income 2020: $2,1752020Revenue 2021: $3,599Expenses 2021: $20,050Net Income 2021: -$16,4512021Revenue 2022: $884Expenses 2022: $5,973Net Income 2022: -$5,0892022Revenue 2023: $2,026Expenses 2023: $4,222Net Income 2023: -$2,1962023Revenue 2024: $215Expenses 2024: $919Net Income 2024: -$7042024

Highlighted filing

2019

Revenue$17,360
Expenses$54,781
Net Income-$37,421
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 12, 2020
Return Version
2019v5.1
Gross Receipts
$17,360
Mission and Program Overview

Mission

SEE SCHEDULE O

Program Services

DescriptionGrantsExpenses
SEE SCHEDULE O-$54,781
SEE SCHEDULE O--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
ROSE MARIE NORMANDirector-$0--
DR JAMES SULTONDirector-$0--
ELIZABETH LARSONDirector-$0--
BRUCE GANGERDirector-$0--
HEATHER SCHLICHTINGDirector-$0--
LYNDSE F COSTABILEChair-$0--
LOUIS C SENOVice Chair-$0--
SHAESTA WAIZPresidentFT$0--
Filing and Contact Details

Filer

Filer Name
Dreams Soar Inc
EIN
81-2549531
Address
800 BELLE TERRE PKWY SUITE 200-139, PALM COAST, FL 32164

Signing Officer

Name
Shaesta Waiz
Title
President
Phone
5103654458
Signed
2020-11-12
Discuss with paid preparer
No

Preparer

Firm
Elite Tax & Accounting LLC
Address
3723 Southside Blvd Ste 2, Jacksonville, FL 32216
Preparer
Dmitriy Krasnov EA
Phone
9044041769
Supplemental Narrative

Additional Explanations

List of grants and similar amounts paid Part I line 10

Activity stem/aviation scholarships grantee embry-riddle aeronautical universtystreet 1 aerospace blvd city, state, zip daytona beach, fl 32114amount 5,000

Description of other expenses Part I line 16

Description amountaircraft expenses 30,000flight expenses 16,147license renewal 61insurance 699storage rental 865dues and subscriptions 189bank charges and wire fees 557advertising and marketing 94

Description of other assets Part II line 24

Category beginning of year end of yearprepaid expenses amex 23,082 19,741

Description of total liabilities Part II line 26

Category beginning of year end of yearloan payable 0 2,000

Part III response or note to any other line in Part III

Form 990-ez, part iii, primary exempt purpose:to inspire the next generation of science, technology, engineering and math (stem) and aviation professionals, especially girls and young women. Form 990-ez, part iii, line 28, program service accomplishments:we launched a round-the-world solo flight, piloted by the youngest woman to do so in a single engine airplane. Shaesta waizs solo flight was may 13-october 4, 2017, with outreach at 17 of the 30 stops around the world, with a focus on inspiring girls and young women to enter stem. Form 990-ez, part iii, line 29, program service accomplishments:scholarships make dreams reality for the less privileged, offering the promise of a better future if they are willing to work for it. Girls and young women will be inspired to pursue more education, potentially entering a stem field or even becoming a pilot. Its not overreaching to say girls education is a linchpin to building a more peaceful world.

Raw XML Appendix170 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0ROSE MARIE NORMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1DR JAMES SULTON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2ELIZABETH LARSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3BRUCE GANGER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4HEATHER SCHLICHTING
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5LYNDSE F COSTABILE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6LOUIS C SENO
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
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IRS990EZ/OperateHospitalInd0false
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IRS990EZ/OrganizationDissolvedEtcInd0false
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IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt054781
IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0232938
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ACTIVITY STEM/AVIATION SCHOLARSHIPS GRANTEE EMBRY-RIDDLE AERONAUTICAL UNIVERSTYSTREET 1 AEROSPACE BLVD CITY, STATE, ZIP DAYTONA BEACH, FL 32114AMOUNT 5,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION AMOUNTAIRCRAFT EXPENSES 30,000FLIGHT EXPENSES 16,147LICENSE RENEWAL 61INSURANCE 699STORAGE RENTAL 865DUES AND SUBSCRIPTIONS 189BANK CHARGES AND WIRE FEES 557ADVERTISING AND MARKETING 94
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CATEGORY BEGINNING OF YEAR END OF YEARPREPAID EXPENSES AMEX 23,082 19,741
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CATEGORY BEGINNING OF YEAR END OF YEARLOAN PAYABLE 0 2,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990-EZ, PART III, PRIMARY EXEMPT PURPOSE:TO INSPIRE THE NEXT GENERATION OF SCIENCE, TECHNOLOGY, ENGINEERING AND MATH (STEM) AND AVIATION PROFESSIONALS, ESPECIALLY GIRLS AND YOUNG WOMEN. FORM 990-EZ, PART III, LINE 28, PROGRAM SERVICE ACCOMPLISHMENTS:WE LAUNCHED A ROUND-THE-WORLD SOLO FLIGHT, PILOTED BY THE YOUNGEST WOMAN TO DO SO IN A SINGLE ENGINE AIRPLANE. SHAESTA WAIZS SOLO FLIGHT WAS MAY 13-OCTOBER 4, 2017, WITH OUTREACH AT 17 OF THE 30 STOPS AROUND THE WORLD, WITH A FOCUS ON INSPIRING GIRLS AND YOUNG WOMEN TO ENTER STEM. FORM 990-EZ, PART III, LINE 29, PROGRAM SERVICE ACCOMPLISHMENTS:SCHOLARSHIPS MAKE DREAMS REALITY FOR THE LESS PRIVILEGED, OFFERING THE PROMISE OF A BETTER FUTURE IF THEY ARE WILLING TO WORK FOR IT. GIRLS AND YOUNG WOMEN WILL BE INSPIRED TO PURSUE MORE EDUCATION, POTENTIALLY ENTERING A STEM FIELD OR EVEN BECOMING A PILOT. ITS NOT OVERREACHING TO SAY GIRLS EDUCATION IS A LINCHPIN TO BUILDING A MORE PEACEFUL WORLD.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0List of grants and similar amounts paid Part I line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of other assets Part II line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Description of total liabilities Part II line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Part III response or note to any other line in Part III
ReturnHeader/BuildTS02021-04-22 16:20:28Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0SHAESTA WAIZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05103654458
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DREAMS SOAR INC
ReturnHeader/Filer/BusinessNameControlTxt0DREA
ReturnHeader/Filer/EIN0812549531
ReturnHeader/Filer/USAddress/AddressLine1Txt0800 BELLE TERRE PKWY SUITE 200-139
ReturnHeader/Filer/USAddress/CityNm0PALM COAST
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
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ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02020-11-14
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt075.145.61.186
ReturnHeader/FilingSecurityInformation/IPDt02020-11-14
ReturnHeader/FilingSecurityInformation/IPTm008:54:10
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0814651373
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Elite Tax & Accounting LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03723 Southside Blvd Ste 2
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Jacksonville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd032216
ReturnHeader/PreparerPersonGrp/PhoneNum09044041769
ReturnHeader/PreparerPersonGrp/PreparationDt02020-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Dmitriy Krasnov EA
ReturnHeader/ReturnTs02020-11-13T13:51:14-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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