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Dedicating Resources to Excel All Minds FY2020 filing

Tax-deductible

Sherwood, AR501(c)(3)Human Services EIN 26-0598159Revenue $709K in FY2020

On file with the IRSdreamarkansas.com11 Shelby Rd, 72120-3197 · Sherwood, ARTax-exempt since Mar 2009Publicly supported charity — 170(b)(1)(A)(vi)

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To provide child care and academic assistance to low income families

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $76K a year · 5% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: -0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $36
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$575K
126% of total assets
Concern: liabilities are 126% of assets; over 80%.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$709K
Spent
$770K
To programs
93%
Net assets
−$120K
By yearFY2020–FY2024
Revenue
$709K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$709K
FY2021$1.4M
FY2022$1.4M
FY2023$1.9M
FY2024$1.9M
Expenses
$770K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$770K
FY2021$1.1M
FY2022$1.1M
FY2023$1.9M
FY2024$1.9M
Net assets
−$120K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$120K
FY2021$164K
FY2022$440K
FY2023$358K
FY2024$422K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2009.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $716K Management & general 7% · $55K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Faye Ross
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Javonne Abernathy
Program Director
$0Pt VII · Sec A
Walter Edwards
Assistant Director
$0Pt VII · Sec A
Erika Reed
Secretary
$0Pt VII · Sec A
See Dedicating Resources to Excel All Minds executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers childcare and academic help to low-income families.

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Provided by the organization

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1 program · $716K · in their own filed words · FY2020
01

Provided childcare, academic and aftercare services.

$716Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Amazonsmile FoundationFY2023$36
Total grants receivedfrom 1 funder$36

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$709K
Ln 12
Gifts and grantsLn 1h$501K
Fees for servicesLn 2g$209K
Money outPt IX
$770K
Ln 25
Programscol B$716K
Managementcol C$55K
Owns and owesPt X
−$120K
net assets · Ln 32
Cash and savingsLn 1–2−$108
Total assetsLn 16$455K
LiabilitiesLn 26$575K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a0
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$501K
Government grantsLn 1e$501K
Fees for servicesLn 2g$209K
Total revenueLn 12$709K
Assets in detailPt X, end of year
CashLn 1−$108
Cash and savings togetherLn 1–2−$108
Land, buildings, equipmentLn 10c$448K
Total assetsLn 16$455K
LiabilitiesLn 26$575K
Net assetsLn 32−$120K
OperationsPt I, VI
EmployeesI 529
VolunteersI 62
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$5K−$108
Land, buildings, equipmentLn 10c$468K$448K
Total assetsLn 16$478K$455K
LiabilitiesLn 26$543K$575K
Net assetsLn 32−$65K−$120K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$345K$310K$34K
Other employee benefitsLn 9$14K$12K$1K
Payroll taxesLn 10$26K$24K$3K
Accounting feesLn 11c$12K$11K$1K
Office expensesLn 13$21K$19K$2K
OccupancyLn 16$72K$65K$7K
TravelLn 17$2K$2K
InterestLn 20$26K$24K$3K
Depreciation, depletion and amortizationLn 22$20K$18K$2K
InsuranceLn 23$11K$10K$1K
Other expenses (24a–d)Ln 24$222K$222K
Total functional expensesLn 25$770K$716K$55K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.9M$1.9M−$35K$422K 990 PDF
FY2023 $1.9M$1.9M−$81K$358K 990 PDF
FY2022 $1.4M$1.1M$272K$440K 990 PDF
FY2021 $1.4M$1.1M$284K$164K 990 PDF
FY2020 Viewing $709K$770K−$61K−$120K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $709,431 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $363,647$500,659
I-9 Program service revenuePrior year $392,113$208,772
I-10 Investment income$0
I-11 Other revenuePrior year $20,350$0
I-12 Total revenuePrior year $776,110$709,431
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $324,877$384,779
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $431,038$385,541
I-18 Total expensesPrior year $755,915$770,320
I-19 Revenue less expensesPrior year $20,195−$60,889
Part VI · Governance 4 to look at
VI-1a Voting members of the governing body0
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $709,431 across 5 lines filed
VIII-1e Government grants$500,589
VIII-1f All other contributions, gifts and grants$70
VIII-1h Total contributions, gifts and grants$500,659
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $208,772$208,772
VIII-12 Total revenueRelated to mission $208,772 · Unrelated business $0 · Excluded from tax $0$709,431
Part IX · Statement of functional expenses $770,320 across 11 lines filed
IX-7 Other salaries and wagesPrograms $310,138 · Management $34,460$344,598
IX-9 Other employee benefitsPrograms $12,438 · Management $1,382$13,820
IX-10 Payroll taxesPrograms $23,725 · Management $2,636$26,361
IX-11c Accounting feesPrograms $10,917 · Management $1,213$12,130
IX-13 Office expensesPrograms $18,670 · Management $2,075$20,745
IX-16 OccupancyPrograms $64,719 · Management $7,191$71,910
IX-17 TravelPrograms $1,515$1,515
IX-20 InterestPrograms $23,692 · Management $2,632$26,324
IX-22 Depreciation, depletion and amortizationPrograms $17,855 · Management $1,984$19,839
IX-23 InsurancePrograms $9,666 · Management $1,074$10,740
IX-24 Other expenses (24a–d)Programs $222,338$222,338
IX-25 Total functional expensesPrograms $715,673 · Management $54,647 · Fundraising $0$770,320
Part X · Balance sheet $454,760 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $4,579−$108
X-4 Accounts receivableStart of year $5,923$7,040
X-10c Land, buildings and equipment, netStart of year $467,667$447,828
X-16 Total assetsStart of year $478,169$454,760
X-17 Accounts payable and accrued expensesStart of year $21,708$30,204
X-24 Unsecured notes and loans payable$31,112
X-26 Total liabilitiesStart of year $543,242$575,243
X-27 Net assets without donor restrictionsStart of year −$65,073−$120,483
X-32 Total net assets or fund balancesStart of year −$65,073−$120,483
X-33 Total liabilities and net assetsStart of year $478,169$454,760
Part XI · Reconciliation of net assets −$120,483 net assets at year end
XI-1 Total revenue$709,431
XI-2 Total expenses$770,320
XI-3 Revenue less expenses−$60,889
XI-4 Net assets at start of year−$65,073
XI-8 Prior period adjustments$5,479
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$120,483

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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