The I Have a Dream Foundation of Miami Inc

Nonprofit profile at a glance

EIN
650570404
IRS 990 coverage
2015–2025
Forms available
Form 990 2025
Location
Sunny Isles Beach, FL, USA
Phone
3059377834
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Student Services, Organizations of Students

Official website

Reported finances

Revenue
$806,094
Expenses
$469,350
Assets
$6,026,369
Liabilities
$2,648

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

20 people listed

Executive titles in this filing

  • JONAS SEVERE (EXECUTIVE DIRECTOR)
  • STEPHANIE TRUMP (PRESIDENT)

Highest reported compensation

  • JONAS SEVERE (EXECUTIVE DIRECTOR): $97,467 total reported compensation
  • NICOLE TAYLOR (PROGRAM DIRECTOR): $90,041 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The foundation offers financial and educational support from early elementary school and beyond to students in under-resourced public schools or housing projects.

What it reported doing in 2025

Scholarship program - students enrolled in the school program are eligible to receive college tuition assistance if certain agreed upon academic milestones made with the foundation are met. When certain academic milestones are met, the foundation awards college tuition assistance directly to the students college on behalf of the student.

Operating model

Revenue model
Donor-supported. 67% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 74% for direct work, and 26% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 64
  • Transparency & Controls: 94
  • Accountability: 69
  • Sustainability: 78
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 63.5%; rating input score 64
  • Program expense ratio: 84.7%; rating input score 85
  • 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: 100%; rating input score 100; 78th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 94.4%; rating input score 94; 28th percentile among comparable filings
  • Governance controls: 3 of 9 controls in place; rating input score 33
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 41.8%; rating input score 88; 88th percentile among comparable filings
  • Total-asset coverage ratio: 12.84; rating input score 93; 93rd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 74; 74th percentile among comparable filings
  • Officer compensation ratio: 40%; rating input score 4; 4th percentile among comparable filings

Growth

  • Program expense growth: 1.4% per year; rating input score 100; 20th percentile among comparable filings
  • Revenue growth: 4.9% per year; rating input score 100; 37th percentile among comparable filings
  • Asset growth: 11.5% per year; rating input score 100; 60th percentile among comparable filings

Details

  • Where the money goes: 63.5% of revenue deployed · 84.7% of spending went to programs
  • Governance: 17 of 18 board members independent · 3 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $398K in reported program spending
  • Leadership: top reported pay $97K · 20 people listed
  • Consistency: 26 of 26 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 8 filing years from 2015 to 2025
  • 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 — Accountability: Governance controls: 6 of 9 not reported.
  • High — Sustainability: Officer compensation ratio scored 4/100.