Civic Intelligence

Dream Team Foundation Inc.

990EZ • Fiscal year 2022 • EIN 82-1311459

Jan 01, 2022 to Dec 31, 2022 • Filed on May 15, 2023

PO Box 1971Kernersville, NC 27285-1971

(336) 462-8506

Siviq Scores

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

Liabilities / Assets

88th percentile

0.69x

Higher debt load relative to assets than 88% of similar nonprofits.

2022 filings • NTEE P20 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

94th percentile

0.98x

Higher debt load relative to revenue than 94% of similar nonprofits.

2022 filings • NTEE P20 • <$500k nonprofits • Source year 2022

Net Margin

45th percentile

2.4%

Higher net margin than 45% of similar nonprofits.

2022 filings • NTEE P20 • <$500k nonprofits • Source year 2022

Top Officer Pay

83rd percentile

$0

Higher top officer pay than 83% of similar nonprofits.

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

2022 filings • NTEE P20 • <$500k nonprofits • Source year 2022

Asset Growth

78th percentile

49%

Faster asset growth than 78% of similar nonprofits.

2022 filings • NTEE P20 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

55th percentile

8.6%

Faster revenue growth than 55% of similar nonprofits.

2022 filings • NTEE P20 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$194,872

Up $64,487 (+49%) from 2021

Net Assets

Up

$60,040

Up $3,343 (+5.9%) from 2021

Liabilities

Up

$134,832

Up $61,144 (+83%) from 2021

Revenue

Up

$138,175

Up $10,999 (+8.6%) from 2021

Expenses

Up

$134,832

Up $61,144 (+83%) from 2021

Net Income

Down

$3,343

Down $50,145 (-94%) from 2021

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2021: $130,385Liabilities 2021: $73,688Net Assets 2021: $56,6972021Assets 2022: $194,872Liabilities 2022: $134,832Net Assets 2022: $60,0402022Assets 2023: $77,012Liabilities 2023: $2,493Net Assets 2023: $74,5192023Assets 2024: $198,971Liabilities 2024: $1,944Net Assets 2024: $197,0272024Assets 2025: $238,979Liabilities 2025: $12,578Net Assets 2025: $226,4012025

Highlighted filing

2022

Assets$194,872
Liabilities$134,832
Net Assets$60,040

Operations Trend

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

$400K$300K$200K$100K$0Revenue 2021: $127,176Expenses 2021: $73,688Net Income 2021: $53,4882021Revenue 2022: $138,175Expenses 2022: $134,832Net Income 2022: $3,3432022Revenue 2023: $235,912Expenses 2023: $221,433Net Income 2023: $14,4792023Revenue 2024: $369,829Expenses 2024: $247,321Net Income 2024: $122,5082024Revenue 2025: $344,281Expenses 2025: $314,907Net Income 2025: $29,3742025

Highlighted filing

2022

Revenue$138,175
Expenses$134,832
Net Income$3,343
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 15, 2023
Return Version
2022v5.0
Gross Receipts
$138,175
Mission and Program Overview

Mission

The dream team foundations mission is to make positive changes in the lives of our participants and provide them with the tools they need to succeed today in hope for a better tomorrow.

The Dream Team Foundation's mission is to make positive changes in the lives of our participants and provide them with the tools they need to succeed today in hope for a better tomorrow.

Program Services

DescriptionGrantsExpenses
S.E.E M.E. MENTORSHIP PROGRAM: The Dream Team's S.E.E. M.E. Mentorship program is an effort to provide youth between the ages of 16 - 24 with educational and employment opportunities through a series of enrichment activities and support services. The five-pillar acronym S.E.E. M.E. is a guide that informs the organization's work which focuses in the areas of support education employment mentorship and empowerment.$0$21,263
FINANCIAL LITERACY PROGRAM: The Dream Team Foundation's DTF Financial Literacy Program is committed to providing financial education and guidance to help individuals families entrepreneurs and businesses exceed their financial goals and achieve financial success. We are fully dedicated to helping spread a "wealth" of knowledge and equipping them with the tools they need to reach their financial goals and see their financial dreams become a reality!$0$7,722
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Taleona MayfieldExecutive DirectorFT$0--
Paris WillifordDirector Of ProgramsFT$0--
Filing and Contact Details

Filer

Filer Name
Dream Team Foundation Inc
EIN
82-1311459
In Care Of
% Taleona Mayfield
Address
PO BOX 1971, KERNERSVILLE, NC 27285-1971

Signing Officer

Name
Taleona Mayfield
Title
Executive Director
Signed
2023-05-15
Supplemental Narrative

Additional Explanations

Part I, line 16

| Other Expenses:, Amount:| Financial Classes, $7722| Payroll Services Taxes, $14784| Other Insurance Office Supplies Go Daddy Vista etc., $5446| SBA Loan, $229| Programs: SEE RAW & GEM, $21262|

Part II, line 24

| Explanation:, BOYAmount:, EOYAmount:| Cash, $, $| Savings, $, $| Investments, $, $| Land and Buildings, $, $| Inventory, $, $| Prepaid Expenses, $, $| Organization's share of assets, $, $|

Part II, line 26

| Explanation:, BOYAmount:, EOYAmount:| Grants Payable, $, $| Mortgages or other loans payable, $, $| Accounts Payable, $73688, $134832|

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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/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1FINANCIAL LITERACY PROGRAM: The Dream Team Foundation's DTF Financial Literacy Program is committed to providing financial education and guidance to help individuals families entrepreneurs and businesses exceed their financial goals and achieve financial success. We are fully dedicated to helping spread a "wealth" of knowledge and equipping them with the tools they need to reach their financial goals and see their financial dreams become a reality!
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0| Other Expenses:, Amount:| Financial Classes, $7722| Payroll Services Taxes, $14784| Other Insurance Office Supplies Go Daddy Vista etc., $5446| SBA Loan, $229| Programs: SEE RAW & GEM, $21262|
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1| Explanation:, BOYAmount:, EOYAmount:| Cash, $, $| Savings, $, $| Investments, $, $| Land and Buildings, $, $| Inventory, $, $| Prepaid Expenses, $, $| Organization's share of assets, $, $|
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2| Explanation:, BOYAmount:, EOYAmount:| Grants Payable, $, $| Mortgages or other loans payable, $, $| Accounts Payable, $73688, $134832|
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part II, line 24
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Taleona Mayfield
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DREAM TEAM FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0DREA
ReturnHeader/Filer/EIN0821311459
ReturnHeader/Filer/ForeignPhoneNum03367492075
ReturnHeader/Filer/InCareOfNm0% Taleona Mayfield
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1971
ReturnHeader/Filer/USAddress/CityNm0KERNERSVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd0272851971
ReturnHeader/ReturnTs02023-05-15T22:57:48-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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Filings