Devoted Dreamers Foundation

EIN: 851358749 501(c)(3) Philanthropy & Grantmaking

Tempe, AZ

Total Revenue
$459,786
Total Expenses
$253,954
Total Assets
$237,670
Net Assets
$237,670
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
AZ
Principal Officer
Tamela Davis
Phone
6029165406
Tax Period
2023-01-01 to 2023-12-31

Devoted Dreamers Foundation, founded in 2020, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $460K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $206K, a strong 45% operating margin.

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.

Program Service Accomplishments

Program 1
Expenses: $95,163

Devoted Dreamers quips 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 emplasis on...

Read more

Devoted Dreamers quips 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 emplasis 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 for the Academy, develop a year-round tutoring program, develop a school of arts Fall program, and ultimately to establish a Devoted Dreamers School.

Program 2
Expenses: $47,581

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...

Read more

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 event, and discipleship and evangelism training summer camp.Devoted Dreamers also works to provide the Next Generation of young ladies with tools to help them build character and live healthy spiritual lives. P.E.A.R.L.S. Pure Essence and Real Love Sisterhood is a program to help build character through inspiring and motivating young ladies 8-18 years old to understand their true identity, which is in Christ Jesus. And by helping them to understand that they are fearfully and wonderfully made. P.E.A.R.L.S. also supports mothers, to foster a healthy mother/daughter relationship. P.E.A.R.L.S. hosts monthly sessions focusing on an array of topics including etiquette, personal and mental health, fitness, fashion, culinary, career and college prep; and more.

Program 3
Expenses: $47,581

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...

Read more

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. The goal is to help players who have a desire to play D-1 football, to gain exposure while also developing fundamental skills in a highly competitive atmosphere. Dreamers Foundation provides ACT/SAT prep for the athletes as well as continued academic support throughout the school year, in addition to focusing on personal development.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $437,500
Program Service Revenue $22,286
Investment Income $0
Other Revenue $0
TOTAL REVENUE $459,786

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $38,161
Program Expenses $190,325
Other Expenses $253,954
TOTAL EXPENSES $253,954

Year-over-Year Comparison

2023 2022 Change
Revenue $459,786 $620,511 -0.3%
Expenses $253,954 $776,064 -0.7%
Net Income $205,832 $-155,553 -2.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
8

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Demario Davis Director / President 2.00
Officer Director
$0 $0 $0
Tamela Davis Director / Secretary 15.00
Officer Director
$0 $0 $0
David Loria Director / Treasurer 2.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $459,786 $253,954 $237,670 $205,832
2022 $620,511 $776,064 $31,838 $-155,553
2021 $525,249 $398,641 $175,090 $126,608
Explore More Nonprofits
Top 100 Nonprofits in Arizona Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare Devoted Dreamers Foundation with other nonprofits in Arizona and across the country.