Devoted Dreamers Foundation EIN 85-1358749

Devoted Dreamers Foundation

EIN  85-1358749 Public foundation / grantmaker Nashville, TN
Form 990 (PDF) Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Devoted Dreamers Foundation claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Empowers young people with tools for spiritual, mental, and physical success.
Leadership
Demario Davis · President
Money in and out
$623K revenue, $366K expenses
Bottom line
78% program efficiency

Empowers young people with tools for spiritual, mental, and physical success. For fiscal year 2024 it reported $623K in revenue, $366K in expenses, and $495K in net assets.Pt I

Grants paid & assets · FY2024
Total revenue
$623K
Pt VIII · Ln 12
Total expenses
$366K
Pt IX · Ln 25
Net assets
$495K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $257K
Where spending went · Part IX cols B–D
Program services $0.78 Management & general $0.10 Fundraising $0.11
Program efficiency
78%
of spending reaches programs▲ +5% vs prior filing year
Operating runway
11.3mo
months of highly liquid reserves at operating expense rate▲ +176% vs prior filing year
Surplus margin
+41%
revenue over expenses, this year▼ -8% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$623K
FY2024▲ +35%
Expenses
$366K
FY2024▲ +44%
Total assets
$495K
FY2024▲ +108%
Total liabilities
$872
FY2024
Total revenue
$623K
Pt VIII · Ln 12
Total expenses
$366K
Pt IX · Ln 25
Net assets
$495K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$257K
Total assetsPt X · Ln 16$495K
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

3 program services account for $287K of program spending, described in the organization's own filed words · FY2024.
01

Devoted Dreamers equips 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 emphasis on financial literacy, reading comprehension, physical fitness and character development, while preparing youth for the upcoming school year.

$144Kprogram expense
02

Devoted 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.

$72Kprogram expense
03

Devoted 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.

$72Kprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CDevoted Dreamers Foundation
EINHdr · item D85-1358749
Principal addressHdr · item CNashville, TN
WebsiteHdr · item Jwww.devoteddreamers.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T22)
Ruling yearIRS BMFJul 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
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 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Devoted Dreamers Foundation executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Contributions & grants100%$623K
Total revenueLn 12$623K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.10 Fundraising $0.11
Program services78%$287K
Management & general10%$38K
Fundraising11%$41K
Total functional expensesLn 25$366K

Balance Sheet

Part X · end of year
CashLn 1$345K
Total assetsLn 16$495K
Total liabilitiesLn 26$872
Total net assetsLn 32$495K
Months of cash on handcomputed11.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $345K · Operating expenses/yr $366K
11.3 months
Where the money goes
Program services
Program services $287K · Total expenses $366K
78%
Management & General
Management & general $38K · Total expenses $366K
10%
Fundraising
Fundraising $41K · Total expenses $366K
11%
Cost to raise $1
Fundraising expense (3-yr avg) $52K · Solicited contributions (3-yr avg) $560K
$0.09 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $623K · Total revenue $623K
100%
Government reliance
Government grants — · Total revenue $623K
Earned-income share
Program service revenue $0 · Total revenue $623K
0%
Investment reliance
Investment income $0 · Total revenue $623K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $366K
0%
Growth & trend
Revenue growth (YoY)
This year $623K · Prior year $460K
+35%
Net-asset trend (YoY)
End of year $495K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $623K · Expenses $366K
+41%
Liabilities-to-Assets
Total liabilities — · Total assets $495K
Net-asset ratio
Net assets $495K · Total assets $495K
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) $495K
0%
People & payroll
Highest Reported Total Compensation
Individual Demario Davis · Reported title President · Highest reported compensation $0 · Total expenses $366K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $68K · Total expenses $366K
19%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 78%
Overhead ratio 10%
Fundraising cost ratio 7%
Revenue growth 35%
Investment management fee ratio 0%
Legal fee ratio 1%
Accounting fee ratio 4%
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
Total grants receivedfrom 1 funder$300K

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$623K revenue · viewing · ⤓ 990 PDF
FY2023$460K revenue · ⤓ 990 PDF
FY2022$621K revenue · ⤓ 990 PDF
FY2021$525K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.