Dream to Soar Foundation

Nonprofit profile at a glance

EIN
454718383
IRS 990-EZ coverage
2023–2024
Forms available
Form 990-EZ 2024, Form 990-N 2019
Location
Waldorf, MD, USA
Phone
2025257420
Rating
55
Verdict
MIXED
Rating confidence
Moderate
Sector
Children's, Youth Services

Official website

Reported finances

Revenue
$31,200
Expenses
$20,720
Assets
$54,595
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • Kimberly Harris (Vice President)
  • Samuel Harris IV (President)

People named in this filing

  • Kimberly Harris (Vice President)
  • Samuel Harris IV (President)
  • Lori Avant (Treasurer/Administrative)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Dream To SOAR (DTS) cultivates youth leadership in advocacy and fosters innovative thinking to drive positive change. Our mission is to nurture and enhance leadership skills, cultivate strong interpersonal skills, and facilitate comprehensive career development.

What it reported doing in 2024

DTS continues to maintain the workforce development programs and Public Speaking initiatives tailored to empower underserved youth through local grants. These efforts have resulted in significant achievements, with participants acquiring public speaking skills, job readiness, and career navigation abilities through tailored workshops and practical training sessions. Participants reported an increase in self-esteem, sense of purpose, and optimism in reference to their goals and 90% of the program's participants demonstrated improved job readiness skills, with 65% either securing employment or enrolling in further education/training programs within six months of completing the program.

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 85% 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

MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 36
  • Transparency & Controls: 82
  • Sustainability: 69
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 28.6%; rating input score 29
  • Program expense ratio: 48.3%; rating input score 48

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 33.6%; rating input score 84; 84th percentile among comparable filings
  • Total-asset coverage ratio: 2.63; rating input score 72; 72nd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 72.4%; rating input score 1; 1st percentile among comparable filings

Growth

  • Program expense growth: -139.6% per year; rating input score 0; 2nd percentile among comparable filings
  • Revenue growth: -105.7% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: 21.2% per year; rating input score 100; 87th percentile among comparable filings

Details

  • Where the money goes: 28.6% of revenue deployed · 48.3% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $10K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • High — Financial Efficiency: Mission deployment rate scored 29/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 48/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 1/100.