Civic Intelligence

Dreams Academy International

990EZ • Fiscal year 2018 • EIN 81-3518258

Jan 01, 2018 to Dec 31, 2018 • Filed on Jan 01, 2019

730 Nome AveAkron, OH 44320

(330) 957-2474

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

90th percentile

46%

Higher net margin than 90% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Assets

$1

No earlier filing loaded for comparison.

Net Assets

$12,497

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$27,037

No earlier filing loaded for comparison.

Expenses

$14,540

No earlier filing loaded for comparison.

Net Income

$12,497

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0-$50KAssets 2018: $1Liabilities 2018: $0Net Assets 2018: $12,4972018Assets 2019: $3,344Liabilities 2019: $0Net Assets 2019: $5,9022019Assets 2020: $59,749Liabilities 2020: $0Net Assets 2020: -$20,2242020Assets 2021: $118,838Liabilities 2021: $0Net Assets 2021: $9752021Assets 2022: $72,153Liabilities 2022: $39,900Net Assets 2022: $32,2532022Assets 2023: $2,444Liabilities 2023: $0Net Assets 2023: $2,4442023Assets 2024: $2,444Net Assets 2024: $1,4502024

Highlighted filing

2018

Assets$1
Liabilities$0
Net Assets$12,497

Operations Trend

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

$200K$100K$0-$100KRevenue 2018: $27,037Expenses 2018: $14,540Net Income 2018: $12,4972018Revenue 2019: $32,905Expenses 2019: $27,158Net Income 2019: $5,7472019Revenue 2020: $74,921Expenses 2020: $111,178Net Income 2020: -$36,2572020Revenue 2021: $120,311Expenses 2021: $150,293Net Income 2021: -$29,9822021Revenue 2022: $182,759Expenses 2022: $181,396Net Income 2022: $1,3632022Revenue 2023: $199,966Expenses 2023: $197,522Net Income 2023: $2,4442023Revenue 2024: $184,666Expenses 2024: $185,660Net Income 2024: -$9942024

Highlighted filing

2018

Revenue$27,037
Expenses$14,540
Net Income$12,497
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jan 1, 2019
Return Version
2018v3.1
Gross Receipts
$27,037
Mission and Program Overview

Mission

To provide a network of professional african american males to mentor teach and ultimately positively affect young black males by sowing int o their manhood dreams academy is for young men ages 10-15. They meet on monday evenings and the during the 8 weeks students will experienc e and be exposed to activities and thought-provoking dialogue that wil l holistically encourage and teach soft skills problem solving career guidance and financial literacy. These sessions will be taught by pred ominantly african-american male professionals that presently work in a multitude of fields and vocations.

To provide a network of professional african american males to mentor teach and ultimately positively affect young black males by sowing into their manhood dreams academy is for young men ages 10-15. They meet on monday evenings and the during the 8 weeks students will experience and be exposed to activities and thought-provoking dialogue that will holistically encourage and teach soft skills problem solving career guidance and financial literacy. These sessions will be taught by predominantly african-american male professionals that presently work in a multitude of fields and vocations.

Program Services

DescriptionGrantsExpenses
THE DREAMS ACADEMY MUSIC [:AMP:] MEDIA CENTER A COMMUNITY HUB FOR BOTH CHILDREN AND ADULTS THE DREAMS ACADEMY MUSIC AND MEDIA CENTER IS A COMMUNITY HUB FOR BOTH CHILDREN AND ADULTS TO LEARN AND HONE THEIR MUSICAL TALENTS. THE DAMMC OFFERS PRIVATE LESSONS IN PIANO DRUMS BASS GUITAR AND VOICE. OUR SPECIALTY SESSIONS ARE TAILORED FOR GROUPS OF 5-10 INDIVIDUALS THAT SPECIALIZE IN THESE AREAS: PHOTOGRAPHY (MUST BE JUNIOR OR SENIOR IN HIGH SCHOOL) BEAT-MAKING STUDIO RECORDING DJING-$7,536
DREAMS ACADEMY HAS THREE MAIN FOCUS AREAS: ETIQUETTE STUDENTS WILL BE TAUGHT AND REQUIRED TO FOLLOW SET STANDARDS FOR BEHAVIOR COURTESY RESPECT AND SPEECH TOWARDS BOTH AUTHORITY FIGURES AND THEIR PEERS. THIS WILL INCLUDE THE IMPLEMENTATION OF A DRESS CODE AS WELL AS OTHER PROTOCOLS TO BE ESTABLISHED. PROBLEM SOLVING AND TEAM BUILDING STUDENTS WILL BE TAUGHT HOW TO WORK TOGETHER AND SOLVE PROBLEMS WHILE INTERACTING WITHIN A TEAM SETTING AND BUILDING A BROTHERHOOD WITHIN THE DREAMS ACADEMYFRATERNITY. FINANCIAL LITERACY STUDENTS WILL HAVE THE OPPORTUNITY TO LEARN THE BASICS OF SAVING MONEY MAKING MONEY BANKING AND HAVE THE OPPORTUNITY TO EARN MONEY THROUGH THE DREAMS ACADEMY SPONSORSHIP PROGRAM.-$3,320
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
GARRICK BLACKMarketing Committee HeadPT$0--
MARIHELYN S HORRIGANProgramming Committee HeadPT$0--
EDWIN HUBBARD JRTreasurerPT$0--
CHRISTOPHER MITCHELLPresidentPT$0--
LYNN SCHUMAKERSecretaryPT$0--
LATRICE D SNODGRASSVice PresidentPT$0--
Filing and Contact Details

Filer

Filer Name
Dreams Academy
EIN
81-3518258
Phone
3309572474
Address
730 NOME AVE, AKRON, OH 44320

Signing Officer

Name
Gabrielle M Daniel
Title
President
Phone
3308362100
Signed
2019-01-01

Preparer

Firm
Sos 1040 Plus LLC
Address
252 GRAYLING DRIVE, FAIRLAWN, OH 44333
Preparer
Gabrielle Daniel
Phone
3308362100
Supplemental Narrative

Additional Explanations

Part I, Line 16

1) other expenses administrative and support amount 73 2) other expenses bank fees amount 143 3) other expenses insurance amount 1179 4) other expenses subscriptions amount 381 5) other expenses clothing and goods amount 573 6) other expenses food amount 390 7) other expenses supplies amount 144 8) other expenses technology amount 379 9) other expenses scholarships amount 204 10) other expenses travel meals amount 822 11) other expenses program expenses amount 347 12) other expenses fundraising costs amount 1877

Raw XML Appendix147 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt01) OTHER EXPENSES ADMINISTRATIVE AND SUPPORT AMOUNT 73 2) OTHER EXPENSES BANK FEES AMOUNT 143 3) OTHER EXPENSES INSURANCE AMOUNT 1179 4) OTHER EXPENSES SUBSCRIPTIONS AMOUNT 381 5) OTHER EXPENSES CLOTHING AND GOODS AMOUNT 573 6) OTHER EXPENSES FOOD AMOUNT 390 7) OTHER EXPENSES SUPPLIES AMOUNT 144 8) OTHER EXPENSES TECHNOLOGY AMOUNT 379 9) OTHER EXPENSES SCHOLARSHIPS AMOUNT 204 10) OTHER EXPENSES TRAVEL MEALS AMOUNT 822 11) OTHER EXPENSES PROGRAM EXPENSES AMOUNT 347 12) OTHER EXPENSES FUNDRAISING COSTS AMOUNT 1877
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ReturnHeader/BuildTS02019-02-21 02:37:17Z
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ReturnHeader/TaxYr02018

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Filings