Follow Your Dreams Foundation
Nonprofit profile at a glance
- EIN
- 900851802
- IRS 990-EZ coverage
- 2011–2013
- Forms available
- Form 990-EZ 2013
- Location
- Houston, TX, USA
- Phone
- 2817730486
- Rating
- 61
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $18,000
- Expenses
- $10,503
- Assets
- $13,180
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2013. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- TONYA ADKISM (VICE PRESIDENT)
- ROBERT E MEACHEM (PRESIDENT)
People named in this filing
- TONYA ADKISM (VICE PRESIDENT)
- ROBERT E MEACHEM (PRESIDENT)
- DOMINIQUE FRANKS (DIRECTOR)
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 2013. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To inspire and empower youth to envision limitless possibilities for themselves and to enrich the lives of young people through financial assistance for viable after school programming and by providing scholarships and life skills development.
What it reported doing in 2013
The orgranization provides a dreamchaser program that instills leadership skills for 10 different individuals each month.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
SUPPORTED - 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: 29
- Transparency & Controls: 100
- Sustainability: 74
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 23.1%; rating input score 23
- Program expense ratio: 39.6%; rating input score 40
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 41.6%; rating input score 90; 90th percentile among comparable filings
- Total-asset coverage ratio: 1.25; rating input score 54; 54th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 75; 75th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 57; 57th percentile among comparable filings
Growth
- Program expense growth: -7.9% per year; rating input score 0; 37th percentile among comparable filings
- Revenue growth: 26.4% per year; rating input score 100; 90th percentile among comparable filings
- Asset growth: 82.7% per year; rating input score 100; 98th percentile among comparable filings
Details
- Where the money goes: 23.1% of revenue deployed · 39.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $4K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 8 of 9 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2011 to 2013
- Contacts: How to reach this organization
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Financial Efficiency: Mission deployment rate scored 23/100.
- Moderate — Financial Efficiency: Program expense ratio scored 40/100.
- Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
- High — Growth: Program expense growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 54/100.
- Review — Sustainability: Officer compensation ratio scored 57/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.