Dibia Dream Inc
- Assets
- $811.1k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 25
- Location
- Miami, FL
- Founding
- 10/2014
- Data as of
- 12/2021
- EIN
- 47-1895077
Organization Overview
Dibia Dream Inc is located in Miami, FL. The organization was established in 2014. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2021, Dibia Dream Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dibia Dream Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Dibia Dream Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 48.2% each year . All expenses for the organization totaled $738.4k during the year ending 12/2021. While expenses have increased by 32.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
DREAM ACADEMY- A FREE AND ROBUST AFTER-SCHOOL PROGRAM THAT PROVIDES ENRICHMENT AND EDUCATIONAL SUPPORT FOR YOUTH IN GRADES K THROUGH 8, THROUGHOUT THE SCHOOL YEAR. DREAM SCHOLARS- OFFERS SCHOLARSHIPS TO TOP STUDENT ATHLETES ENTERING COLLEGE TO HELP WITH THE COST OF HIGHER EDUCATION. SUMMER OF DREAMS- A 6 WEEK CAMP DESIGNED TO BE THE PERFECT BLEND OF STEM EXPOSURE AND EDUCATIONAL DEVELOPMENT FOR BOYS AND GIRLS AGES 7-16.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIBIA DREAM THROUGH THE DREAM ACADEMY SERVES OVER 700 STUDENTS IN ATLANTA, MIAMI AND NEW ORLEANS, AT COST TO THEIR FAMILIES. THROUGH THE DREAM ACADEMY, STUDENTS PARTICIPATE IN ACADEMIC TUTORING, SCIENCE, TECHNOLOGY , ENGINEERING , ARTS AND MATH (STEAM) PROJECTS, FIELD TRIPS, SPORTS AND HEALTH CLINICS. THE PROGRAM ACHIEVEMENTS IN 2021 WERE AS FOLLOWS: (1) 80% OF DREAM ACADEMY SCHOLARS IMPROVED IN LITERACY SKILLS BASED ON DYNAMIC INDICATORS OF BASIC EARLY LITERACY SKILLS(DIBELS) (2) 75% OF DREAM ACADEMY SCHOLARS DEMONSTRATED AN INCREASED ABILITY TO POSITIVELY HANDLE CONFLICT AS MEASURED BY REPORTS FROM PROGRAM STAFF, MENTORS AND CAREGIVERS AND PRE/POST SURVEYS.(3) 80% OF DREAM ACADEMY SCHOLARS REPORTED AN INCREASE IN ENGAGEMENT IN HEALTHY BEHAVIORS (PROPER NUTRITION AND EXERCISE) BY PARTICIPATING IN THE PROGRAM, AS MEASURED BY PRE AND POST ASSESSMENTS (4) 80% OF SCHOLARS ATTENDING STEM SATURDAY EVENTS REPORTED AN INCREASE IN AWARENESS OF THE STEM SUBJECT AREA BASED ON POST EVENTS SURVEY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brandon Okpalobi President & CEO | Officer | 60 | $70,000 |
Cristal Cole Director | Trustee | 0 | $0 |
Kourtney Gibson Director | Trustee | 0 | $0 |
Andrew Kemp-Gerstel Director | Trustee | 0 | $0 |
Marianne Curtis Director | Trustee | 0 | $0 |
Steven Simons Treasurer | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,501,606 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,501,606 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,501,606 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $102,000 |
| Compensation of current officers, directors, key employees. | $35,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $171,034 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,647 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,500 |
| Fees for services: Accounting | $3,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $203 |
| Advertising and promotion | $12,117 |
| Office expenses | $30,997 |
| Information technology | $918 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,875 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $13,204 |
| All other expenses | $117,312 |
| Total functional expenses | $738,413 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $811,066 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $811,066 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $87,839 |
| Other liabilities | $652 |
| Total liabilities | $88,491 |
| Net assets without donor restrictions | $722,575 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $811,066 |