Civic Intelligence

Devoted Dreamers Foundation

990 • Fiscal year 2023 • EIN 85-1358749

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 14, 2024

PO Box 1620Tempe, AZ 85280

(602) 916-5406

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

89th percentile

45%

Higher net margin than 89% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

98th percentile

646%

Faster asset growth than 98% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

21st percentile

-26%

Faster revenue growth than 21% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$237,670

Up $205,832 (+646%) from 2022

Net Assets

Up

$237,670

Up $205,832 (+646%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Down

$459,786

Down $160,725 (-26%) from 2022

Expenses

Down

$253,954

Down $522,110 (-67%) from 2022

Net Income

Up

$205,832

Up $361,385 (+232%) from 2022

Historical Trend

Balance Sheet Trend

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

2023

Assets$237,670
Liabilities$0
Net Assets$237,670

Operations Trend

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

2023

Revenue$459,786
Expenses$253,954
Net Income$205,832
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.1
Gross Receipts
$459,786
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$31,838$237,670▲ $205,832
Cash and Non-Interest-Bearing Accounts$31,838$87,670▲ $55,832
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$31,838$237,670▲ $205,832
Other Assets Total$0$150,000▲ $150,000
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$31,838$237,670▲ $205,832
Total Liabilities and Net Assets / Fund Balance$31,838$237,670▲ $205,832

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$150,000--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Demario DavisDirector / President
Tamela DavisDirector / Secretary
David LoriaDirector / Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$437,500
Program Service Revenue
$22,286
Investment Income
$0
Other Revenue
$0
All Other Contributions
$437,500
Change in Net Assets
$205,832
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$253,954
Total Fundraising Expense$38,161
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$90,230$12,030$18,046$120,306
Travel$37,957$5,061$7,592$50,610
Office Expenses$11,865$1,584$2,395$15,844
Advertising$4,467$594$893$5,954
Other Expenses$1,555$207$311$2,073
All Other Expenses$1,182$157$235$1,574
Fees for Services Accounting$250$125$125$500
Total Functional Expenses$190,325$25,468$38,161$253,954
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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

Director/President Demario Davis and Director/Secretary 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
PO Box 1620, Tempe, AZ 85280

Signing Officer

Name
Tamela Davis
Title
Secretary/Director
Phone
6029165406
Signed
2024-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tamela Davis
Formed
2020
Legal Domicile
Az
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
8

Preparer

Firm
Handler Law LLP
Address
191 N Wacker Drive Suite 2300, Chicago, IL 60606
Preparer
Benjamin Hughes
Phone
3126412100
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

Operations Manager: Program service expenses 40,750. Management and general expenses 5,434. Fundraising expenses 8,149. Total expenses 54,333. Video Operators: Program service expenses 25,500. Management and general expenses 3,400. Fundraising expenses 5,100. Total expenses 34,000. Program Director: Program service expenses 8,638. Management and general expenses 1,151. Fundraising expenses 1,728. Total expenses 11,517. Coaches: Program service expenses 2,250. Management and general expenses 300. Fundraising expenses 450. Total expenses 3,000. Curriculum Assistance: Program service expenses 1,875. Management and general expenses 250. Fundraising expenses 375. Total expenses 2,500. Other Contractors: Program service expenses 11,217. Management and general expenses 1,495. Fundraising expenses 2,244. Total expenses 14,956.

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IRS990/ActivityOrMissionDesc0The 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/Desc0Devoted Dreamers quips the Next Generation with tools to be successful in the classroom. Devoted Dreamers Academy is a 7-week summer program for children entering 6-8th grades, placing an emplasis 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 for the Academy, develop a year-round tutoring program, develop a school of arts Fall program, and ultimately to establish a Devoted Dreamers School.
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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 event, and discipleship and evangelism training summer camp.Devoted Dreamers also works to provide the Next Generation of young ladies with tools to help them build character and live healthy spiritual lives. P.E.A.R.L.S. Pure Essence and Real Love Sisterhood is a program to help build character through inspiring and motivating young ladies 8-18 years old to understand their true identity, which is in Christ Jesus. And by helping them to understand that they are fearfully and wonderfully made. P.E.A.R.L.S. also supports mothers, to foster a healthy mother/daughter relationship. P.E.A.R.L.S. hosts monthly sessions focusing on an array of topics including etiquette, personal and mental health, fitness, fashion, culinary, career and college prep; and more.
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IRS990/ProgSrvcAccomActy3Grp/Desc0Devoted Dreamers works to provide the Next Generation with tools for success, on and off the field. The 7 v 7 Elite Sports team is a travel team formed through tryouts. The mentorship program consists of the best athletes across the state of Mississippi and prepares participants academically, athletically, and spiritually. The goal is to help players who have a desire to play D-1 football, to gain exposure while also developing fundamental skills in a highly competitive atmosphere. Dreamers Foundation provides ACT/SAT prep for the athletes as well as continued academic support throughout the school year, in addition to focusing on personal development.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Director/President Demario Davis and Director/Secretary 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/ExplanationTxt5Operations Manager: Program service expenses 40,750. Management and general expenses 5,434. Fundraising expenses 8,149. Total expenses 54,333. Video Operators: Program service expenses 25,500. Management and general expenses 3,400. Fundraising expenses 5,100. Total expenses 34,000. Program Director: Program service expenses 8,638. Management and general expenses 1,151. Fundraising expenses 1,728. Total expenses 11,517. Coaches: Program service expenses 2,250. Management and general expenses 300. Fundraising expenses 450. Total expenses 3,000. Curriculum Assistance: Program service expenses 1,875. Management and general expenses 250. Fundraising expenses 375. Total expenses 2,500. Other Contractors: Program service expenses 11,217. Management and general expenses 1,495. Fundraising expenses 2,244. Total expenses 14,956.
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 IX, line 11g
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt031838
IRS990/TotalAssetsEOYAmt0237670
IRS990/TotalAssetsGrp/BOYAmt031838
IRS990/TotalAssetsGrp/EOYAmt0237670
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0437500
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt038161
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt025468
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0190325
IRS990/TotalFunctionalExpensesGrp/TotalAmt0253954
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt031838
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0237670
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0190325
IRS990/TotalProgramServiceRevenueAmt022286
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt022286
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0459786
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt031838
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0237670
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt07592
IRS990/TravelGrp/ManagementAndGeneralAmt05061
IRS990/TravelGrp/ProgramServicesAmt037957
IRS990/TravelGrp/TotalAmt050610
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/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0www.devoteddreamers.org
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Tamela Davis
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Secretary/Director
ReturnHeader/BusinessOfficerGrp/PhoneNum06029165406
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Devoted Dreamers Foundation
ReturnHeader/Filer/BusinessNameControlTxt0DEVO
ReturnHeader/Filer/EIN0851358749
ReturnHeader/Filer/PhoneNum06029165406
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 1620
ReturnHeader/Filer/USAddress/CityNm0Tempe
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AZ
ReturnHeader/Filer/USAddress/ZIPCd085280
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0993328799
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Handler Law LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0191 N Wacker Drive Suite 2300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Chicago
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060606
ReturnHeader/PreparerPersonGrp/PhoneNum03126412100
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Benjamin Hughes
ReturnHeader/ReturnTs02024-11-14T16:46:38-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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