The Dermelevate Scholarship Initiative Inc
Nonprofit profile at a glance
- EIN
- 332375900
- IRS 990-EZ coverage
- 2025–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2024
- Location
- Fayetteville, GA, USA
- Phone
- 7166554433
- Rating
- 69
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $62,345
- Expenses
- $23,398
- Assets
- $46,408
- Liabilities
- $7,461
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- DAVID T HARVEY (PRESIDENT AND CEO)
People named in this filing
- DAVID T HARVEY (PRESIDENT AND CEO)
- ZAKIYA RICE (BOARD MEMBER)
- THOMAS A BUNDY (BOARD MEMBER)
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 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
As a scholarship foundation, our mission is committed to making educational and service opportunities accessible and affordable for outstanding students from underserved and diverse communities. By empowering these future leaders and visionaries, we strive to help them reach their full potential as professionals and changemakers
What it reported doing in 2025
1. Expanded educational impact:-awarded 17 scholarships totaling $21,250 to students pursuing healthcare careers, including 13 high school and 4 college recipients, supporting the next generation of future leaders.2. Grew national visibility & strategic partnerships:- elevated the initiative's national presence through engagement with the skin of color society, exploring opportunities to serve as a pipeline program for diverse, high-potential students entering healthcare fields.3. Strengthened financial foundation :-secured approximately $5,000$6,000 in contributions, with strong potential for continued growth through upcoming exhibitor meetings and expanded donor outreach.
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 a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and some filed totals do not add up.
Rating breakdown
- Financial Efficiency: 65
- Transparency & Controls: 82
- Sustainability: 71
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 43.7%; rating input score 44
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 62.5%; rating input score 94; 94th percentile among comparable filings
- Total-asset coverage ratio: 1.98; rating input score 65; 65th percentile among comparable filings
- Liabilities to assets ratio: 0.16; rating input score 13; 13th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 43.7% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $27K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 7 of 8 current checks pass · 1 finding to review
- Schedules: 2 filed schedules
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 44/100.
- Moderate — Transparency & Controls: Part III program expenses within total did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 13/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.