Create Your Dreams INC FY2020 filing

Tax-deductible

Atlanta, GA501(c)(3)Arts & CultureEIN 58-2133252Revenue $602K in FY2020

On file with the IRScreateyourdreams.org981 Joseph E Lowery Blvd Nw Ste 11, 30318-5286 · Atlanta, GATax-exempt since May 1995Publicly supported charity — 170(b)(1)(A)(vi)

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Create Your Dreams is a youth developement program dedicated to nuturing the talents and Dreams of children living in underserved areas of atlanta. We provide the resources, opportunity, and relationships required for children to reach their potentials.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
$94K 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
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
3 of 6
filings with a surplus
Average deficit $9K a year · 2% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$94K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 7.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $27K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$78K
15% of total assets
Looks good: liabilities are 15% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$602K
+18% vs prior year
Spent
$554K
To programs
95%
Net assets
$448K
By yearFY2019–FY2024
Revenue
$602K
FY2020▲ +18%
Tap a bar for its year
Revenue by fiscal year
FY2019$510K
FY2020$602K
FY2021$644K
FY2022$781K
FY2023$532K
FY2024$654K
Expenses
$554K
FY2020▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2019$563K
FY2020$554K
FY2021$534K
FY2022$665K
FY2023$748K
FY2024$717K
Net assets
$448K
FY2020▲ +17%
Tap a bar for its year
Net assets by fiscal year
FY2019$382K
FY2020$448K
FY2021$626K
FY2022$741K
FY2023$525K
FY2024$463K

From the FY2020 Form 990 · 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 May 1995.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $526K Management & general 5% · $28K

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

14 people listed on the 990; $94K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$93,919Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Kimberly Dennis’s $129K as Executive Director is at the 96th percentile of top reported officer pay among 2216 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020FY2019
Kimberly Dennis$129,292$125,250$106,260$87,894$93,919$85,975

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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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

Nurtures youth talents and dreams in underserved Atlanta areas with resources and opportunities.

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Provided by the organization

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3 programs · $526K · in their own filed words · FY2020
01

Student needs provides for all student programming and includes our five core programs: afterschool, weekend enrichment, college dreamers, summer camp, and tutoring. These programs operate year-round to provide wraparound services to children.

$175Kprogram expense
02

Family needs provides services and resources to students and their families, including emergency financial assistance for housing, medical, clothing, academic needs, transportation, childcare, food, and toiletries.

$175Kprogram expense
03

College needs provides financial assistance to students seeking post- secondary education. Items covered include tuition, dorm fees, meal plans, books, and transportation. This ability to assist with college expenses removes the financial barrier all our students experience when their parents and caregivers live well below the poverty…

$175Kprogram 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 · FY2025
Total grants receivedfrom 2 funders$27K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$602K
Ln 12
Gifts and grantsLn 1h$599K
Investment incomeLn 3$3K
Other incomeLn 4–11$228
Money outPt IX
$554K
Ln 25
Programscol B$526K
Managementcol C$28K
Owns and owesPt X
$448K
net assets · Ln 32
Cash and savingsLn 1–2$342K
Total assetsLn 16$525K
LiabilitiesLn 26$78K
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$599K
Investment incomeLn 3$3K
Other incomeLn 4–11$228
Total revenueLn 12$602K
Assets in detailPt X, end of year
CashLn 1$342K
Cash and savings togetherLn 1–2$342K
InvestmentsLn 11–13$110K
Land, buildings, equipmentLn 10c$31K
Total assetsLn 16$525K
LiabilitiesLn 26$78K
Net assetsLn 32$448K
OperationsPt I, VI
EmployeesI 511
VolunteersI 60
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$224K$342K
InvestmentsLn 11–13$92K$110K
Land, buildings, equipmentLn 10c$43K$31K
Total assetsLn 16$395K$525K
LiabilitiesLn 26$12K$78K
Net assetsLn 32$382K$448K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$94K$94K
Other salaries and wagesLn 7$241K$215K$25K
Other employee benefitsLn 9$1K$1K
Payroll taxesLn 10$27K$25K$2K
Accounting feesLn 11c$8K$8K
Other fees for servicesLn 11g$1K$1K
Advertising and promotionLn 12$81$81
Office expensesLn 13$2K$2K
Information technologyLn 14$5K$5K
OccupancyLn 16$28K$28K
TravelLn 17$14K$14K
InterestLn 20$203$203
Depreciation, depletion and amortizationLn 22$12K$12K
InsuranceLn 23$18K$18K
Other expenses (24a–d)Ln 24$85K$85K
All other expensesLn 24e$18K$18K$148
Total functional expensesLn 25$554K$526K$28K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $654K$717K−$62K$463K 990 PDF
FY2023 $532K$748K−$216K$525K 990 PDF
FY2022 $781K$665K$115K$741K 990 PDF
FY2021 $644K$534K$110K$626K 990 PDF
FY2020 Viewing $602K$554K$48K$448K 990 PDF
FY2019 $510K$563K−$52K$382K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $602,032 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $506,897$599,224
I-9 Program service revenue$0
I-10 Investment incomePrior year $2,833$2,580
I-11 Other revenuePrior year $665$228
I-12 Total revenuePrior year $510,395$602,032
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $341,913$362,910
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $220,780$190,689
I-18 Total expensesPrior year $562,693$553,599
I-19 Revenue less expensesPrior year −$52,298$48,433
Part VI · Governance 14 of 14 board members independent, 1 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $602,032 across 5 lines filed
VIII-1f All other contributions, gifts and grants$599,224
VIII-1h Total contributions, gifts and grants$599,224
VIII-3 Investment incomeExcluded from tax $2,580$2,580
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $228$228
VIII-12 Total revenueUnrelated business $228 · Excluded from tax $2,580$602,032
Part IX · Statement of functional expenses $553,599 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $93,919$93,919
IX-7 Other salaries and wagesPrograms $215,380 · Management $25,385$240,765
IX-9 Other employee benefitsPrograms $1,232$1,232
IX-10 Payroll taxesPrograms $24,873 · Management $2,121$26,994
IX-11c Accounting feesPrograms $8,492$8,492
IX-11g Other fees for servicesPrograms $1,139$1,139
IX-12 Advertising and promotionPrograms $81$81
IX-13 Office expensesPrograms $1,659$1,659
IX-14 Information technologyPrograms $5,185$5,185
IX-16 OccupancyPrograms $27,787$27,787
IX-17 TravelPrograms $13,882$13,882
IX-20 InterestPrograms $203$203
IX-22 Depreciation, depletion and amortizationPrograms $11,628$11,628
IX-23 InsurancePrograms $18,363$18,363
IX-24 Other expenses (24a–d)Programs $84,511$84,511
IX-24e All other expensesPrograms $17,611 · Management $148$17,759
IX-25 Total functional expensesPrograms $525,945 · Management $27,654 · Fundraising $0$553,599
Part X · Balance sheet $525,117 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $224,083$342,320
X-3 Pledges and grants receivableStart of year $35,750$41,220
X-10c Land, buildings and equipment, netStart of year $42,915$31,286
X-11 Publicly traded securitiesStart of year $92,170$110,291
X-16 Total assetsStart of year $394,918$525,117
X-17 Accounts payable and accrued expensesStart of year $10,640$8,711
X-24 Unsecured notes and loans payable$66,500
X-25 Other liabilitiesStart of year $1,799$2,314
X-26 Total liabilitiesStart of year $12,439$77,525
X-27 Net assets without donor restrictionsStart of year $382,479$447,592
X-32 Total net assets or fund balancesStart of year $382,479$447,592
X-33 Total liabilities and net assetsStart of year $394,918$525,117
Part XI · Reconciliation of net assets $447,592 net assets at year end
XI-1 Total revenue$602,032
XI-2 Total expenses$553,599
XI-3 Revenue less expenses$48,433
XI-4 Net assets at start of year$382,479
XI-5 Net unrealized gains (losses) on investments$16,680
XI-10 Net assets at end of year$447,592

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

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