Dibia Dream INC EIN 47-1895077

Dibia Dream INC FY2019 filing

EIN  47-1895077 Public charity (501(c)(3)) Miami, FL
Form 990 (PDF)
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Size
$1–10M
What they do
Provides free after-school programs, college scholarships, and summer STEM camps for youth.
Leadership
Brandon Okpalobi · President
Money in and out
$835K revenue, $614K expenses
Bottom line
87% program efficiency

Provides free after-school programs, college scholarships, and summer STEM camps for youth. For fiscal year 2019 it reported $835K in revenue, $614K in expenses, and $238K in net assets.Pt I

Where the money goes · FY2019
Total revenue
$835K
Pt VIII · Ln 12
Total expenses
$614K
Pt IX · Ln 25
Net assets
$238K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $221K
Where spending went · Part IX cols B–D
Program services $0.87 Management & general $0.13
Program efficiency
87%
of spending reaches programs
Operating runway
2.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+26%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2019 · Form 990
Revenue
$835K
FY2019
Expenses
$614K
FY2019
Total assets
$239K
FY2019
Total liabilities
$711
FY2019
Total revenue
$835K
Pt VIII · Ln 12
Total expenses
$614K
Pt IX · Ln 25
Net assets
$238K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$221K
Total assetsPt X · Ln 16$239K
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

1 program service account for $534K of program spending, described in the organization's own filed words · FY2019.
01

70% of program attendees met or made progress toward their academic achievement goals. All attendees have improved their school attendance. More than 5,000 youth were served in 2019.

$534Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CDibia Dream INC
EINHdr · item D47-1895077
Principal addressHdr · item CMiami, FL
WebsiteHdr · item Jwww.dibiadream.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFOct 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2021FY2020
Brandon Okpalobi$70,000$60,000
Christian Hernandez$45,760
Sharon Colemean$31,200
I'Tita Finch$30,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants100%$835K
Total revenueLn 12$835K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.87 Management & general $0.13
Program services87%$534K
Management & general13%$80K
Total functional expensesLn 25$614K

Balance Sheet

Part X · end of year
CashLn 1$139K
Total assetsLn 16$239K
Total liabilitiesLn 26$711
Total net assetsLn 32$238K
Months of cash on handcomputed2.7

Financial Metrics

Form 990 · FY2019 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $139K · Operating expenses/yr $614K
2.7 months
Where the money goes
Program services
Program services $534K · Total expenses $614K
87%
Management & General
Management & general $80K · Total expenses $614K
13%
Fundraising
Fundraising $0 · Total expenses $614K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $835K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $835K · Total revenue $835K
100%
Government reliance
Government grants — · Total revenue $835K
Earned-income share
Program service revenue $0 · Total revenue $835K
0%
Investment reliance
Investment income $0 · Total revenue $835K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $614K
0%
Growth & trend
Revenue growth (YoY)
This year $835K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $238K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $835K · Expenses $614K
+26%
Liabilities-to-Assets
Total liabilities — · Total assets $239K
Net-asset ratio
Net assets $238K · Total assets $239K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $239K
0%
People & payroll
Highest Reported Total Compensation
Individual Brandon Okpalobi · Reported title President · Highest reported compensation $0 · Total expenses $614K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $329K · Total expenses $614K
54%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 87%
Overhead ratio 13%
Fundraising cost ratio 0%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 7 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2021 (Latest)$1.5M revenue · ⤓ 990 PDF
FY2020$328K revenue · ⤓ 990 PDF
FY2019$835K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2019IRS
Classification, formation year, addressIRS Business Master File
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