Dibia Dream Inc

Nonprofit profile at a glance

EIN
471895077
IRS 990 coverage
2017–2021
Forms available
Form 990 2021, Form 990-EZ 2016, Form 990-N 2015
Location
Miami, FL, USA
Phone
7865438826
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$1,501,606
Expenses
$738,413
Assets
$811,066
Liabilities
$88,491

Source: IRS Form 990. Selected filing: tax year 2021. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • Brandon Okpalobi (President & CEO)

Highest reported compensation

  • Brandon Okpalobi (President & CEO): $70,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Dibia Dream's mission is to (1) develop the capacities of youth to engage in STEM-Based activities for learning and recreation (2) inspire youth to value the opportunities and possibilities of STEM-Based careers (3) to help youth develop the necessary and transferable 21st century skills of communication, collaboration, creativity, critical thinking and community.

What it reported doing in 2021

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.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 48
  • Transparency & Controls: 90
  • Accountability: 90
  • Sustainability: 65
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 39.4%; rating input score 39
  • Program expense ratio: 80.2%; rating input score 80
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 50.8%; rating input score 91; 91st percentile among comparable filings
  • Total-asset coverage ratio: 1.1; rating input score 42; 42nd percentile among comparable filings
  • Liabilities to assets ratio: 0.11; rating input score 42; 42nd percentile among comparable filings
  • Officer compensation ratio: 9.5%; rating input score 39; 39th percentile among comparable filings

Growth

  • Program expense growth: 41% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: 38% per year; rating input score 100; 93rd percentile among comparable filings
  • Asset growth: 54.8% per year; rating input score 100; 96th percentile among comparable filings

Details

  • Where the money goes: 39.4% of revenue deployed · 80.2% of spending went to programs
  • Governance: 7 of 7 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $592K in reported program spending
  • Leadership: top reported pay $70K · 7 people listed
  • Consistency: 25 of 25 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 5 filing years from 2017 to 2021
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 39/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 42/100.
  • Moderate — Sustainability: Officer compensation ratio scored 39/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 42/100.