Totals
- Total revenue
- $620,511
- Total expenses
- $776,064
- Contributions and grants received
- $620,511
- Grants paid
- $270,000
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $31,838
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $31,838
- Program services expenses (Part IX)
- $648,583
- Management and general expenses
- $51,185
- Fundraising expenses
- $76,296
- Program service expenses (Part III)
- $648,583
Program services were 83.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$10,000
-
1f · All other contributions, gifts and grants
$610,511
-
1g · Noncash contributions included above
$350
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $270,000 · program services $270,000
-
11b · Fees: legal
total $3,850 · program services $1,925 · management and general $963 · fundraising $962
-
11g · Fees: other
total $225,672 · program services $169,254 · management and general $22,567 · fundraising $33,851
-
12 · Advertising and promotion
total $1,313 · program services $985 · management and general $131 · fundraising $197
-
13 · Office expenses
total $430 · program services $322 · management and general $43 · fundraising $65
-
17 · Travel
total $166,891 · program services $125,168 · management and general $16,689 · fundraising $25,034
-
20 · Interest
total $19 · program services $14 · management and general $2 · fundraising $3
-
23 · Insurance
total $1,511 · program services $1,133 · management and general $151 · fundraising $227
-
24a · Other expenses: Meals and Entertainment
total $33,049 · program services $24,787 · management and general $3,305 · fundraising $4,957
-
24b · Other expenses: Registration Fees
total $20,446 · program services $15,334 · management and general $2,045 · fundraising $3,067
-
24c · Other expenses: Event Supplies
total $17,411 · program services $13,058 · management and general $1,741 · fundraising $2,612
-
24d · Other expenses: Equipment Rental
total $16,876 · program services $12,657 · management and general $1,688 · fundraising $2,531
-
24e · All other expenses
total $18,596 · program services $13,946 · management and general $1,860 · fundraising $2,790
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $174,575 · end of year $31,838
-
2 · Savings and temporary cash investments
beginning of year $515
-
17 · Accounts payable and accrued expenses
beginning of year $139 · end of year $0
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $174,951 · end of year $31,838
Mission and programs · 2022
Mission
The goal of the Foundation is to equip the Next Generation of Leaders (athletes, entertainers, politicians, doctors, lawyers etc.) with the tools to be successful spiritually, mentally, and physically. In a nation where Inner-City children are often times more likely to end up in jail than they are pursuing higher education opportunities, the Devoted Dreamers Project has created a number of initiatives aimed at connecting young men and women of the future to the resources needed to make their biggest dreams a reality.
-
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 6th-8th grades, placing an emphasis on financial literacy, reading comprehension, physical fitness and character development, while preparing youth for the upcoming school year. Devoted Dreamers also conducts fundraising events to generate revenue for the foregoing causes. Future goals include establishing a central location camps for the Academy (2022), develop a year-round tutoring program (2022), develop a school of arts Fall program (2025), and ultimately to establish a Devoted Dreamers School (2028).
Expenses $324,292 · Revenue $632,947
-
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. Future goals include developing a full day Encounter conference, gospel music and contemporary worship music event (2022), and discipleship and evangelism training summer camp (2028).
Expenses $162,146
-
Devoted Dreamers provides the Next Generation with tools to help them succeed on and off the field. The goal of Devoted Dreamers Sports is to form an Elite High School Select Travel 7 on 7 Football Team comprised of some of the best athletes across the State of Mississippi. Future sports goals include hosting a state-wide flag football tournament (2023) and host the high school state Combine (2028).
Expenses $162,145
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Demario Davis
Director / President
- Total calculated
- $0
- Hours/week
- 2
-
Tamela Davis
Director / Secretary
- Total calculated
- $0
- Hours/week
- 15
-
David Loria
Director / Treasurer
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202303199349318810
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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