Nonprofit · EIN 85-1358749
DEVOTED DREAMERS FOUNDATION
Tax-exempt · NASHVILLE, TN 37215
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $622,675 | $365,835 | $256,840 | $495,382 | $872 | $494,510 |
| December 31, 2023 | 990 | $459,786 | $253,954 | $205,832 | $237,670 | $0 | $237,670 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $622,675
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $62,996
- Salaries, compensation and benefits (total)
- $68,375
- Professional fundraising fees
- $0
- Legal fees
- $3,877
- Accounting fees
- $14,475
- Travel
- $68,456
- Program services (functional)
- $287,063
- Management and general (functional)
- $37,984
- Fundraising (functional)
- $40,788
Balance sheet and other
- Total assets, start of year
- $237,670
- Total assets, end of year
- $495,382
- Total liabilities, end of year
- $872
- Net assets, end of year
- $494,510
- Land, buildings and equipment
- $150,000
- Net assets without donor restrictions
- $494,510
- Gross receipts
- $622,675
- Employees
- 0
- Volunteers
- 8
- Year formed
- 2020
- State of legal domicile
- AZ
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Demario Davis | President Trustee or director, Officer | 2 | $0 |
| Tamela Davis | Secretary Trustee or director, Officer | 15 | $0 |
| David Loria | Treasurer Trustee or director, Officer | 2 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Demario Davis | Director / President Trustee or director, Officer | 2 | $0 |
| Tamela Davis | Director / Secretary Trustee or director, Officer | 15 | $0 |
| David Loria | Director / Treasurer Trustee or director, Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 3013 MEDIAL AVE, NASHVILLE, TN 37215-1111
- Mailing address (990-N for 2020)
- 350 West Washington Suite 308, Tempe AZ 85281
- Principal officer (990 for 2024)
- Tamela Davis, PO Box 1620, Tempe, AZ 85280
- Principal officer (990-N for 2020)
- Demario Davis, 454 Oak Lawn Drive, Pearl MS 39208
- Signed the 990
- Tamela Davis, Secretary
- Phone
- (480) 800-5380
- Website
- www.devoteddreamers.org
- Return prepared by
- Ronald Blue Trust Inc
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 accomplishments
- 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. 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.Expenses $143,532
- 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 motivatingExpenses $71,766
- 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.Expenses $71,765
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 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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 85-1358749
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $495,382
- Income (IRS master file)
- $622,675
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $622,675 | $365,835 | $495,382 | IRS |
| 990 | December 2023 | $459,786 | $253,954 | $237,670 | XML |
| 990 | December 2022 | $620,511 | $776,064 | $31,838 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: Demario Davis | December 31, 2020 | ≤ $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 85-1358749).
Questions about DEVOTED DREAMERS FOUNDATION
- What is the EIN of DEVOTED DREAMERS FOUNDATION?
- The employer identification number (EIN) of DEVOTED DREAMERS FOUNDATION is 85-1358749.
- Is DEVOTED DREAMERS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to DEVOTED DREAMERS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DEVOTED DREAMERS FOUNDATION 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 DEVOTED DREAMERS FOUNDATION 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 DEVOTED DREAMERS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of DEVOTED DREAMERS FOUNDATION?
- The 990 for the year ended December 31, 2024 names Tamela Davis.
- Who are the officers and directors of DEVOTED DREAMERS FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does DEVOTED DREAMERS FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $622,675, expenses of $365,835 and total assets of $495,382 at year end.
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