Nonprofit · EIN 74-3237801
DEVELOPING DREAMS FOUNDATION INC
Tax-exempt (reinstated) · PLANTATION, FL 33317
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990-EZ | $114,380 | $111,320 | $3,060 | $6,260 | $0 | $6,260 |
Financial details: 990-EZ for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $66,500
- Program service revenue
- $52,040
- Investment income
- $0
- Net gain from sales of assets
- $180
- Net income from fundraising events
- -$4,200
- Net income from sales of inventory
- -$140
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $50,000
- Salaries, compensation and benefits (total)
- $0
- Professional fees and payments to contractors
- $87,500
- Occupancy
- $10,300
- Printing, publications and postage
- $800
- Other expenses
- $12,720
- Program services (functional)
- $64,000
Balance sheet and other
- Total assets, start of year
- $3,200
- Total assets, end of year
- $6,260
- Total liabilities, end of year
- $0
- Net assets, end of year
- $6,260
- Cash, savings and investments
- $6,260
- Gross receipts
- $128,200
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Aaron Malco | Foundign Executive Director | 60 | $50,000 |
| JIll Salomon | Board Member | 1 | $0 |
| Daniel Yeboah | Board Member | 5 | $0 |
| Nanci Thomas | Board Member | 2 | $0 |
| Sharon Sampson | Board Member | 1 | $0 |
| Ryan Boggs | Board Member | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 7580 NW 5TH ST 15522, PLANTATION, FL 33317-1607
- In care of
- % AARON MALCO
- Mailing address (990-N for 2013)
- PO BOX 20644, HOLLYWOOD FL 33022
- Principal officer (990-N for 2013)
- Aaron Malco, PO BOX 220644, HOLLYWOOD FL 33022
- Signed the 990-EZ
- AARON MALCO, Founding Executive Director
- Phone
- (954) 282-1014
Mission
Teaching youth in Arts Education / After-school programs
Program accomplishments
- Our afterschool and senior programs performed well during the year. We successfully served over 300, children through our afterschool programming, providing educational support enrichment activities, and a safe, structured environment.Expenses $45,000 · grants $45,000
- The Choreographers Ball was successfully held as a community arts event that showcased local dance talent and supported creative expression. The event provided performance opportunities for artists, increased community engagement in the arts, 200 youth servedExpenses $13,500 · grants $8,300
- Art of Dance Show a collaboration of various artists performing a series of dance pieces of various genres 20 youth served 120 audience members - Blackbox theaterExpenses $5,500 · grants $4,500
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990-EZ on file |
| 2023 | August 31, 2024 | January 15, 2025 | No data |
IRS record
- EIN
- 74-3237801
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2012
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A60)
- Assets (IRS master file)
- $6,260
- Income (IRS master file)
- $128,200
Revocation and reinstatement
- Exemption revoked
- January 15, 2011
- Posted by the IRS
- October 7, 2011
- Reinstated
- Effective January 15, 2011
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | August 2025 | – | – | – | IRS |
| 990-EZ | August 2023 | $107,086 | $99,100 | $7,986 | IRS |
| 990-EZ | August 2022 | – | – | – | IRS |
| 990-EZ | August 2021 | – | – | – | IRS |
| 990-N for 2013 Officer: Aaron Malco | August 31, 2014 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about DEVELOPING DREAMS FOUNDATION INC
- What is the EIN of DEVELOPING DREAMS FOUNDATION INC?
- The employer identification number (EIN) of DEVELOPING DREAMS FOUNDATION INC is 74-3237801.
- Is DEVELOPING DREAMS FOUNDATION INC tax-exempt?
- Yes. The IRS revoked its exemption on January 15, 2011 and reinstated it effective January 15, 2011.
- Are donations to DEVELOPING DREAMS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DEVELOPING DREAMS FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of DEVELOPING DREAMS FOUNDATION INC due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DEVELOPING DREAMS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended August 2025.
- Who is the principal officer of DEVELOPING DREAMS FOUNDATION INC?
- The 990-N for 2013 names Aaron Malco.
- Who are the officers and directors of DEVELOPING DREAMS FOUNDATION INC?
- The 990-EZ for the year ended August 31, 2025 lists 6 people; 1 received compensation from the organization, the highest $50,000 (Aaron Malco, Foundign Executive Director).
- How much revenue does DEVELOPING DREAMS FOUNDATION INC have?
- On its 990-EZ for the year ended August 31, 2025 it reported revenue of $114,380, expenses of $111,320 and total assets of $6,260 at year end.
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