Dibia Dream INC FY2020 filing

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DREAM ACADEMY- A free and robust after-school program that provides enrichment and educational support for youth in grades K through 8, throughout the school year. DREAM Scholars- offers scholarships to top student athletes entering college to help with the cost of higher education. Summer of DREAMS- A 6 week camp designed to be the perfect blend of STEM exposure and educational development for biys and girls ages 7-16.

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 47-1895077) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
$167K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2021
latest Form 990
The latest return is for FY2021, 5 tax years back.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $235K a year · 26% of revenue · last 3 filings
A surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
74%
of spending
74% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$167K
to officers and key staff · 28% of spending
Pay to officers and key staff is 28% of spending.
Part VII, Section A
0.9 mo
of spending, in cash
0.9 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $169K
7 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$88K
185% of total assets
Liabilities are 185% of assets.
Pt X · Ln 26
Independent board members
7
of 7 voting members
7 of 7 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$328K
-61% vs prior year
Spent
$607K
To programs
74%
Net assets
−$41K
By yearFY2019–FY2021
Revenue
$328K
FY2020▼ -61%
Tap a bar for its year
Revenue by fiscal year
FY2019$835K
FY2020$328K
FY2021$1.5M
Expenses
$607K
FY2020▼ -1%
Tap a bar for its year
Expenses by fiscal year
FY2019$614K
FY2020$607K
FY2021$738K
Net assets
−$41K
FY2020▼ -117%
Tap a bar for its year
Net assets by fiscal year
FY2019$238K
FY2020−$41K
FY2021$723K

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

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2021) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021. IRS ruling in Oct 2014.

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

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $446K Management & general 26% · $161K

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

4 people listed on the 990; $167K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
President & CEO
$60,000Pt VII · Sec A
$45,760Pt VII · Sec A
$31,200Pt VII · Sec A
Director
$30,000Pt 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.

See Dibia Dream INC executive salaries →

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 15aYes

Programs and updates

Provides free after-school programs, college scholarships, and summer STEM camps for youth.

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1 program · $446K · in their own filed words · FY2020
01

In 2020, Dibia Dream provided an after school program(Dream Academy) , a summer camp (Spark Summer Camp) , STEM Saturday Classes and the DREAM scholars program. The DREAM scholars program engaged over 5,000 youth virtually in 2020. The program was expanded into 30 states and 7 countries.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 47-1895077) · Dispute this line
$446Kprogram 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 · FY2024
See all 7 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$328K
Ln 12
Gifts and grantsLn 1h$328K
Money outPt IX
$607K
Ln 25
Programscol B$446K
Managementcol C$161K
Owns and owesPt X
−$41K
net assets · Ln 32
Cash and savingsLn 1–2$48K
Total assetsLn 16$48K
LiabilitiesLn 26$88K
PeoplePt VI, VII
4
listed · VII A
PaidVII A4
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$328K
Gains on assetsLn 7$0
Total revenueLn 12$328K
Assets in detailPt X, end of year
CashLn 1$48K
Cash and savings togetherLn 1–2$48K
Total assetsLn 16$48K
LiabilitiesLn 26$88K
Net assetsLn 32−$41K
OperationsPt I, VI
EmployeesI 520
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$139K$48K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$239K$48K
LiabilitiesLn 26$711$88K
Net assetsLn 32$238K−$41K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of officers and key staff (Part IX, line 5)Ln 5$167K$107K$60K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$40K$40K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$23K$16K$7K
Management feesLn 11a$0
Legal feesLn 11b$16K$16K
Accounting feesLn 11c$2K$2K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$2K$1K$520
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$12K$12K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$32K$32K
TravelLn 17$11K$11K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$185K$185K
All other expensesLn 24e$112K$53K$60K
Total functional expensesLn 25$607K$446K$161K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 LatestFiled with the IRS Apr 3, 2023 $1.5M$738K$763K$723K 990 PDF
FY2020 ViewingFiled with the IRS Jul 26, 2021 $328K$607K−$279K−$41K 990 PDF
FY2019Filed with the IRS Apr 19, 2021 $835K$614K$221K$238K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $327,718 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $834,763$327,718
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $834,763$327,718
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $329,029$230,547
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $284,895$376,261
I-18 Total expensesPrior year $613,924$606,808
I-19 Revenue less expensesPrior year $220,839−$279,090
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $327,718 across 8 lines filed
VIII-1f All other contributions, gifts and grants$327,718
VIII-1h Total contributions, gifts and grants$327,718
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenue$327,718
Part IX · Statement of functional expenses $606,808 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $106,960 · Management $60,000$166,960
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $40,462$40,462
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $16,436 · Management $6,689$23,125
IX-11a Management fees$0
IX-11b Legal feesManagement $16,367$16,367
IX-11c Accounting feesManagement $2,105$2,105
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $1,277 · Management $520$1,797
IX-12 Advertising and promotionManagement $3,254$3,254
IX-13 Office expensesManagement $12,002$12,002
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $31,939$31,939
IX-17 TravelPrograms $10,942$10,942
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $185,491$185,491
IX-24e All other expensesPrograms $52,601 · Management $59,763$112,364
IX-25 Total functional expensesPrograms $446,108 · Management $160,700 · Fundraising $0$606,808
Part X · Balance sheet $47,873 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $139,183$47,873
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $100,000$0
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $239,183$47,873
X-24 Unsecured notes and loans payable$87,840
X-25 Other liabilitiesStart of year $711$651
X-26 Total liabilitiesStart of year $711$88,491
X-27 Net assets without donor restrictionsStart of year $238,472−$40,618
X-32 Total net assets or fund balancesStart of year $238,472−$40,618
X-33 Total liabilities and net assetsStart of year $239,183$47,873
Part XI · Reconciliation of net assets −$40,618 net assets at year end
XI-1 Total revenue$327,718
XI-2 Total expenses$606,808
XI-3 Revenue less expenses−$279,090
XI-4 Net assets at start of year$238,472
XI-10 Net assets at end of year−$40,618

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

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