Dreamers Academy Inc

Nonprofit profile at a glance

EIN
822813068
IRS 990 coverage
2019–2024
Forms available
Form 990 2024
Location
Sarasota, FL, USA
Phone
9418884000
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Youth Development Programs

Reported finances

Revenue
$8,152,431
Expenses
$7,254,614
Assets
$21,698,849
Liabilities
$21,332,445

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

Leadership & pay

6 people listed

Highest reported compensation

  • DR CATHERINE RODRIGUEZ (HEAD OF SCHOOL): $112,667 total reported compensation

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

Overview

Mission

Dreamers academy develops bilingual, biliterate, and cross-cultural leaders of character within a caring environment that encourages family engagement and celebrates america.

What it reported doing in 2024

Dreamers academy is proud to be the only dual-language school in sarasota county, continuing our mission to cultivate bilingual, biliterate, and cross-cultural leaders of character within a nurturing environment that encourages family engagement and celebrates america.now in our fourth year of operations, dreamers academy continues to grow in both enrollment and impact. For the 2024-2025 school year, our enrollment increased to 530 students in kindergarten through 5th grade, reflecting the strong demand for our unique academic model.key highlights from 2024-2025staff excellence & retention we proudly maintained full staff retention this year, underscoring our commitment to a positive and collaborative work culture.-84% of our teachers are fully bilingual-65% hold advanced degrees (master's or higher)dreamers academy continues to attract and retain highly effective educators who are dedicated to academic excellence and student success.family & community engagementfamily partnership remains at the heart of our school culture. With the support of our parent teacher council (ptc) and local community partners, we significantly expanded our family engagement efforts this year.we also launched familiaconnect, a new initiative designed to strengthen communication and collaboration with families. Events and activities included:-literacy workshops and family library nights-spirit days-fall festival-literacy parade-scholastic book fair & specials night-fun run and field day-staff appreciation week-two engaging end-of-year performances in may featuring grammy winners mr. G. And 123 andrs, celebrating our academic achievement and core values.these events created meaningful opportunities for families to engage with their children's learning and build community on campus.academic enrichment & community partnershipsour after school literacy enrichment and tutoring program remains a cornerstone of student support, ensuring all learners have the tools they need to succeed. This initiative is generously funded through a grant from united way suncoast, now in its third year of partnership with dreamers academy.we also strengthened collaborations with key institutions, including:-sarasota and manatee school districts-community foundation of sarasota-selby gardens-university of south Florida (usf)-state college of Florida (scf)this year, we proudly welcomed pre-service teacher interns, furthering our role as a model site for bilingual education and teacher development.dreamers academy remains steadfast in the mission and are excited for the future. Our continued growth, strong family partnerships, and commitment to excellence affirm that dreamers academy is not only a place of learning, but a thriving, inclusive community where every student is empowered to dream big, learn deeply, and lead with character.

Operating model

Revenue model
Grant-funded. 82% of the money available for current operations came from government grants.
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 a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 49
  • Transparency & Controls: 92
  • Accountability: 79
  • Sustainability: 62
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 52.6%; rating input score 53
  • Program expense ratio: 58.6%; rating input score 59
  • 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: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 11%; rating input score 64; 64th percentile among comparable filings
  • Total-asset coverage ratio: 2.99; rating input score 74; 74th percentile among comparable filings
  • Liabilities to assets ratio: 0.98; rating input score 5; 5th percentile among comparable filings
  • Officer compensation ratio: 1.6%; rating input score 78; 78th percentile among comparable filings

Growth

  • Program expense growth: 45.2% per year; rating input score 100; 96th percentile among comparable filings
  • Revenue growth: 48.4% per year; rating input score 100; 97th percentile among comparable filings
  • Asset growth: 34.8% per year; rating input score 100; 95th percentile among comparable filings

Details

  • Where the money goes: 52.6% of revenue deployed · 58.6% of spending went to programs
  • Governance: 5 of 5 board members independent · 4 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $4.3M in reported program spending
  • Leadership: top reported pay $113K · 6 people listed
  • Consistency: 27 of 27 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 6 filing years from 2019 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.

  • Review — Financial Efficiency: Mission deployment rate scored 53/100.
  • Review — Financial Efficiency: Program expense ratio scored 59/100.
  • Review — Accountability: Governance controls: 4 of 8 not reported.
  • High — Sustainability: Liabilities to assets ratio scored 5/100.