Civic Intelligence

Devoted Dreamers Foundation

990 • Fiscal year 2021 • EIN 85-1358749

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 15, 2022

Organization Profilewww.devoteddreamers.org
350 W Washington Suite 308Tempe, AZ 85281

(602) 916-5406

Siviq Scores

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

Liabilities / Assets

31st percentile

0.00x

Higher debt load relative to assets than 31% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

30th percentile

0.00x

Higher debt load relative to revenue than 30% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

67th percentile

24%

Higher net margin than 67% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2021

Asset Growth

Score unavailable

No value available

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

Source year 2021

Revenue Growth

Score unavailable

No value available

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

Source year 2021

Balance Sheet
Liabilities / Assets31st percentile

Assets

$175,090

No earlier filing loaded for comparison.

Net Assets

$174,951

No earlier filing loaded for comparison.

Liabilities

$139

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue30th percentileNet Margin67th percentile

Revenue

$525,249

No earlier filing loaded for comparison.

Expenses

$398,641

No earlier filing loaded for comparison.

Net Income

$126,608

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$600K$400K$200K$0Assets 2021: $175,090Liabilities 2021: $139Net Assets 2021: $174,9512021Assets 2022: $31,838Liabilities 2022: $0Net Assets 2022: $31,8382022Assets 2023: $237,670Liabilities 2023: $0Net Assets 2023: $237,6702023Assets 2024: $495,382Liabilities 2024: $872Net Assets 2024: $494,5102024

Highlighted filing

2021

Assets$175,090
Liabilities$139
Net Assets$174,951
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.0M$500K$0-$500KRevenue 2021: $525,249Expenses 2021: $398,641Net Income 2021: $126,6082021Revenue 2022: $620,511Expenses 2022: $776,064Net Income 2022: -$155,5532022Revenue 2023: $459,786Expenses 2023: $253,954Net Income 2023: $205,8322023Revenue 2024: $622,675Expenses 2024: $365,835Net Income 2024: $256,8402024

Highlighted filing

2021

Revenue$525,249
Expenses$398,641
Net Income$126,608
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.2
Gross Receipts
$587,664
Mission and Program Overview

Mission

The goal of the Foundation is to equip the Next Generation of Leaders (athletes, entertainers, politicians, doctors, lawyers etc.) with the tools to be successful spiritually, mentally, and physically. In a nation where Inner-City children are often times more likely to end up in jail than they are pursuing higher education opportunities, the Devoted Dreamers Project has created a number of initiatives aimed at connecting young men and women of the future to the resources needed to make their biggest dreams a reality.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$48,482$174,951▲ $126,469
Cash and Non-Interest-Bearing Accounts$48,482$174,575▲ $126,093
Savings and Temporary Cash Investments$0$515▲ $515
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$48,482$175,090▲ $126,608
Liabilities
Accounts Payable and Accrued Expenses$0$139▲ $139
Total Liabilities$0$139▲ $139
Net Assets / Fund Balance
Total Net Assets Fund Balance$48,482$174,951▲ $126,469
Total Liabilities and Net Assets / Fund Balance$48,482$175,090▲ $126,608
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Demario DavisPresident/Treas/Director
Tamela DavisSecretary/Director
Revenue and Support

Revenue Composition

Contributions and Grants
$423,530
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$101,719
All Other Contributions
$423,530
Change in Net Assets
$126,608
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$398,641
Total Fundraising Expense$60,860
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Travel$79,630$10,617$15,926$106,173
Fees for Services Management$59,968$7,996$11,994$79,958
Conferences and Meetings$24,628$3,284$4,926$32,838
Fees for Services Other$16,260$2,168$3,252$21,680
All Other Expenses$9,798$1,308$1,961$13,067
Fees for Services Legal$5,310$2,655$2,655$10,620
Other Expenses$7,303$974$1,461$9,738
Advertising$5,309-$937$6,246
Office Expenses$3,734$498$747$4,979
Insurance$1,294$173$259$1,726
Fees for Services Accounting$1,125$150$225$1,500
Information Technology$51$7$10$68
Total Functional Expenses$296,946$40,835$60,860$398,641
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$164,134
Fundraising Direct Expenses$62,415
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 2

“The Foundation's two directors, Demario Davis and Tamela Davis, are married.”

Form 990, Part VI, Section B, line 11B

“The prepared form 990 is reviewed and approved by the governing body and legal counsel before the return is filed with the irs.”

Form 990, Part VI, Section B, line 12C

“The governing body reviews and signs a conflict-of-interest policy on an annual basis. For any items that present a conflict of interest, any director with such a conflict abstains from voting.”

Form 990, Part VI, Section B, line 15

“The organization does not currently have any employees, however in accordance with its compliance policy governing the determination of compensation, the governing body would establish employee compensation based on advice from legal counsel and comparisons with compensation data for comparable positions at similar organizations, then approve and document such compensation with a formal vote.”

Form 990, Part VI, Section C, line 19

“All governing documents subject to public disclosure are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Devoted Dreamers Foundation
EIN
85-1358749
Phone
6029165406
Address
350 W Washington Suite 308, Tempe, AZ 85281

Signing Officer

Name
Tamela Davis
Title
Secretary/Director
Phone
6029165406
Signed
2022-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tamela Davis
Formed
2020
Legal Domicile
Az
Voting Board Members
2
Independent Board Members
2
Employees
0
Volunteers
0

Preparer

Firm
Handler Thayer Llp
Address
191 N UPPER WACKER DR, CHICAGO, IL 60606
Preparer
Eric Kalnins
Phone
3126412100
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“Current Liabilities -139.”

Raw XML Appendix351 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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IRS990/Desc0Devoted Dreamers equips the Next Generation with tools to be successful in the classroom. Devoted Dreamers Academy is a 7-week summer program for children entering 6th-8th grades, placing an emphasis on financial literacy, reading comprehension, physical fitness and character development, while preparing youth for the upcoming school year. Devoted Dreamers also conducts fundraising events to generate revenue for the foregoing causes. Future goals include establishing a central location camps for the Academy (2022), develop a year-round tutoring program (2022), develop a school of arts Fall program (2025), and ultimately to establish a Devoted Dreamers School (2028).
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IRS990/MissionDesc0The goal of the Foundation is to equip the Next Generation of Leaders (athletes, entertainers, politicians, doctors, lawyers etc.) with the tools to be successful spiritually, mentally, and physically. In a nation where Inner-City children are often times more likely to end up in jail than they are pursuing higher education opportunities, the Devoted Dreamers Project has created a number of initiatives aimed at connecting young men and women of the future to the resources needed to make their biggest dreams a reality.
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IRS990/ProgSrvcAccomActy2Grp/Desc0Devoted Dreamers also works to provide the Next Generation with tools to help them live healthy spiritual lives. Activities include Encounter, a one-night worship experience designed to help usher young men and women into the presence of the Lord. Future goals include developing a full day Encounter conference, gospel music and contemporary worship music event (2022), and discipleship and evangelism training summer camp (2028).
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IRS990/ProgSrvcAccomActy3Grp/Desc0Devoted Dreamers provides the Next Generation with tools to help them succeed on and off the field. The goal of Devoted Dreamers Sports is to form an Elite High School Select Travel 7 on 7 Football Team comprised of some of the best athletes across the State of Mississippi. Future sports goals include hosting a state-wide flag football tournament (2023) and host the high school state Combine (2028).
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Foundation's two directors, Demario Davis and Tamela Davis, are married.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PREPARED FORM 990 IS REVIEWED AND APPROVED BY THE GOVERNING BODY AND LEGAL COUNSEL BEFORE THE RETURN IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING BODY REVIEWS AND SIGNS A CONFLICT-OF-INTEREST POLICY ON AN ANNUAL BASIS. FOR ANY ITEMS THAT PRESENT A CONFLICT OF INTEREST, ANY DIRECTOR WITH SUCH A CONFLICT ABSTAINS FROM VOTING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION DOES NOT CURRENTLY HAVE ANY EMPLOYEES, HOWEVER IN ACCORDANCE WITH ITS COMPLIANCE POLICY GOVERNING THE DETERMINATION OF COMPENSATION, THE GOVERNING BODY WOULD ESTABLISH EMPLOYEE COMPENSATION BASED ON ADVICE FROM LEGAL COUNSEL AND COMPARISONS WITH COMPENSATION DATA FOR COMPARABLE POSITIONS AT SIMILAR ORGANIZATIONS, THEN APPROVE AND DOCUMENT SUCH COMPENSATION WITH A FORMAL VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL GOVERNING DOCUMENTS SUBJECT TO PUBLIC DISCLOSURE ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Current Liabilities -139.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XI, line 9:
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IRS990/TotalLiabilitiesEOYAmt0139
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0139
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt048482
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0174951
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0296946
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0101719
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0525249
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt048482
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0175090
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt015926
IRS990/TravelGrp/ManagementAndGeneralAmt010617
IRS990/TravelGrp/ProgramServicesAmt079630
IRS990/TravelGrp/TotalAmt0106173
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0350 W Washington Suite 308
IRS990/USAddress/CityNm0Tempe
IRS990/USAddress/StateAbbreviationCd0AZ
IRS990/USAddress/ZIPCd085281
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0www.devoteddreamers.org
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Tamela Davis
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Secretary/Director
ReturnHeader/BusinessOfficerGrp/PhoneNum06029165406
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Devoted Dreamers Foundation
ReturnHeader/Filer/BusinessNameControlTxt0DEVO
ReturnHeader/Filer/EIN0851358749
ReturnHeader/Filer/PhoneNum06029165406
ReturnHeader/Filer/USAddress/AddressLine1Txt0350 W Washington Suite 308
ReturnHeader/Filer/USAddress/CityNm0Tempe
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AZ
ReturnHeader/Filer/USAddress/ZIPCd085281
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0263961688
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HANDLER THAYER LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0191 N UPPER WACKER DR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHICAGO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060606
ReturnHeader/PreparerPersonGrp/PhoneNum03126412100
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Eric Kalnins
ReturnHeader/ReturnTs02022-11-15T20:37:27-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Tamela
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Davis
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$175,090
Liabilities
$139
Net assets
$174,951
Revenue
$525,249
Expenses
$398,641
Net income
$126,608
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.95$0.01$4.95$6.23$3.66$2.57
2023Detailed filing. Detailed filing data is available for this year.$2.38$0.00$2.38$4.60$2.54$2.06
2022Detailed filing. Detailed filing data is available for this year.$0.32$0.00$0.32$6.21$7.76$1.56
2021Detailed filing. Detailed filing data is available for this year.$1.75$0.00$1.75$5.25$3.99$1.27