Civic Intelligence

Dreams Soar Inc.

990EZ • Fiscal year 2021 • EIN 81-2549531

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 16, 2022

10642 Roundwood Glen CTJacksonville, FL 32256

(510) 365-4458

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.80x

Higher debt load relative to assets than 93% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

98th percentile

4.51x

Higher debt load relative to revenue than 98% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

3rd percentile

-457%

Higher net margin than 3% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

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.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

13th percentile

-32%

Faster asset growth than 13% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

35th percentile

-14%

Faster revenue growth than 35% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$20,405

Down $9,433 (-32%) from 2020

Net Assets

Down

$4,158

Down $16,451 (-80%) from 2020

Liabilities

Up

$16,247

Up $7,018 (+76%) from 2020

Revenue

Down

$3,599

Down $603 (-14%) from 2020

Expenses

Up

$20,050

Up $18,023 (+889%) from 2020

Net Income

Down

-$16,451

Down $18,626 (-856%) from 2020

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

2021

Assets$20,405
Liabilities$16,247
Net Assets$4,158

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

2021

Revenue$3,599
Expenses$20,050
Net Income-$16,451
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 16, 2022
Return Version
2021v4.2
Gross Receipts
$3,599
Mission and Program Overview

Mission

SEE SCHEDULE O

Program Services

DescriptionGrantsExpenses
SEE SCHEDULE O--
SEE SCHEDULE O--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
LOUIS C SENOVice Chair-$0--
SHAESTA WAIZPresidentFT$0--
MICHAEL WILDESDirector-$0--
Filing and Contact Details

Filer

Filer Name
Dreams Soar Inc
EIN
81-2549531
Address
10642 ROUNDWOOD GLEN CT, JACKSONVILLE, FL 32256

Signing Officer

Name
Shaesta Waiz
Title
President
Phone
5103654458
Signed
2022-11-16
Discuss with paid preparer
No

Preparer

Firm
Elite Tax & Accounting LLC
Address
3917 Southside Blvd, Jacksonville, FL 32216
Preparer
Dmitriy Krasnov EA
Phone
9044041769
Supplemental Narrative

Additional Explanations

Description of other expenses Part I line 16

Description amountadvertising 496meals 428license renewal 112insurance 699travel 3,508bank charges and wire fees 32website expenses 107aircraft maintenance 14,247

Description of other assets Part II line 24

Category beginning of year end of yearprepaid expenses amex 19,636 16,679

Description of total liabilities Part II line 26

Category beginning of year end of yearloan payable 9,229 16,247

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 Appendix140 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/Organization501c3Ind0X
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IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/ScheduleBNotRequiredInd0X
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IRS990EZ/SubjectToProxyTaxInd0false
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt017360
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IRS990ScheduleA/TotalSupportAmt0240739
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION AMOUNTADVERTISING 496MEALS 428LICENSE RENEWAL 112INSURANCE 699TRAVEL 3,508BANK CHARGES AND WIRE FEES 32WEBSITE EXPENSES 107AIRCRAFT MAINTENANCE 14,247
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CATEGORY BEGINNING OF YEAR END OF YEARPREPAID EXPENSES AMEX 19,636 16,679
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CATEGORY BEGINNING OF YEAR END OF YEARLOAN PAYABLE 9,229 16,247
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 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.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of other assets Part II line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of total liabilities Part II line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part III response or note to any other line in Part III
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/Filer/EIN0812549531
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ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-16
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ReturnHeader/ReturnTs02022-11-16T18:48:47-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SHAESTA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0WAIZ
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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Filings