Nonprofit · EIN 80-0709066
DEVELOPING RESPONSIBLE ECONOMICALLY ADVANCED MODEL-CITIZENS
Tax-exempt (reinstated) · NEW YORK, NY 10005
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $7,221 | $4,602 | $2,619 | $167,940 | $0 | $167,940 |
| December 31, 2023 | 990-EZ | $6,600 | $3,747 | $2,853 | $185,799 | $0 | $185,799 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,761
- Program service revenue
- $0
- Investment income
- $4,460
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,199
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Occupancy
- $780
- Other expenses
- $2,623
- Program services (functional)
- $2,491
Balance sheet and other
- Total assets, start of year
- $185,799
- Total assets, end of year
- $167,940
- Total liabilities, end of year
- $0
- Net assets, end of year
- $167,940
- Cash, savings and investments
- $167,940
- Gross receipts
- $7,221
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mr Femi Faoye | Chief Executive Officer | 25 | $0 |
990-EZ for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mr Femi Faoye | Chief Executive Officer | 25 | $0 |
Address and contacts
- Address (IRS master file)
- 30 WALL STREET 8TH FLOOR, NEW YORK, NY 10005-2205
- Mailing address (990-N for 2013)
- 30 Wall St 8th Floor, New York NY 10005
- Principal officer (990-N for 2013)
- Femi Faoye, 30 Wall St 8th Floor, New York NY 10005
- Signed the 990-EZ
- Femi Faoye, CEO
- Phone
- (347) 247-2528
- Website
- http://dream-usa.org/
Mission
Financial literacy education and advocacy
Program accomplishments
- The Invest-in-Success program is our principial, hallmark programmatic offering. This three-year financial institute is provided to high school students, starting in the ninth grade. The program aims to develop students understanding of personal finance ultimately enhancing their financial literacy. On average, there are 25 students per cohort.
- Money Talks are customized financial literacy sessions and events hosted and planned in conjunction with community based organizations, schools, and local businesses. Over 200 participants annually.Expenses $2,491
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 80-0709066
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- International, foreign affairs and national security (Q03)
- Assets (IRS master file)
- $167,940
- Income (IRS master file)
- $7,221
Revocation and reinstatement
- Exemption revoked
- February 15, 2021
- Posted by the IRS
- May 10, 2021
- Reinstated
- Effective February 15, 2021
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 | December 2024 | $7,221 | $4,602 | $167,940 | XML |
| 990-EZ | December 2023 | $6,600 | $3,747 | $185,799 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | $12,036 | $2,431 | $163,491 | IRS |
| 990-N for 2013 Officer: Femi Faoye | September 30, 2014 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 80-0709066).
Questions about DEVELOPING RESPONSIBLE ECONOMICALLY ADVANCED MODEL-CITIZENS
- What is the EIN of DEVELOPING RESPONSIBLE ECONOMICALLY ADVANCED MODEL-CITIZENS?
- The employer identification number (EIN) of DEVELOPING RESPONSIBLE ECONOMICALLY ADVANCED MODEL-CITIZENS is 80-0709066.
- Is DEVELOPING RESPONSIBLE ECONOMICALLY ADVANCED MODEL-CITIZENS tax-exempt?
- Yes. The IRS revoked its exemption on February 15, 2021 and reinstated it effective February 15, 2021.
- Are donations to DEVELOPING RESPONSIBLE ECONOMICALLY ADVANCED MODEL-CITIZENS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DEVELOPING RESPONSIBLE ECONOMICALLY ADVANCED MODEL-CITIZENS file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of DEVELOPING RESPONSIBLE ECONOMICALLY ADVANCED MODEL-CITIZENS due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DEVELOPING RESPONSIBLE ECONOMICALLY ADVANCED MODEL-CITIZENS last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of DEVELOPING RESPONSIBLE ECONOMICALLY ADVANCED MODEL-CITIZENS?
- The 990-N for 2013 names Femi Faoye.
- Who are the officers and directors of DEVELOPING RESPONSIBLE ECONOMICALLY ADVANCED MODEL-CITIZENS?
- The 990-EZ for the year ended December 31, 2024 lists 1 person; 0 received compensation from the organization.
- How much revenue does DEVELOPING RESPONSIBLE ECONOMICALLY ADVANCED MODEL-CITIZENS have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $7,221, expenses of $4,602 and total assets of $167,940 at year end.
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