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Devoted Dreamers Foundation

EIN 85-1358749 · Nashville, TN

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong93 out of 100GovernanceGood83 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

The goal of the Foundation is to equip the Next Generation of Leaders (athletes, entertainers, politicians, doctors, lawyers, etc) with the tools to be successful spiritually, mentally and physically. In a nation where Inner-City children are often times more likely to end up in jail than they are pursuing higher education opportunities. The Devoted Dreamers Project has created a number of initiatives aimed at connecting young men and women of the future to the resources needed to make their biggest dreams a reality.

Income
$622,675
Spending
$365,835
Spent on programs
79%
Reserves
11.3 months of spending
Largest source of income
donations and private grants, 100%
Employees
0
Volunteers
8

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 93 out of 100. Higher than 67% of charities in its peer group (philanthropy, $250k to $1m).

  • Reserves

    28 of 35

    Spendable reserves would cover 11.3 months of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 41% of income.

  • Income trend

    15 of 15

    Income rose 35% on the year before.

  • Spending floor

    15 of 15

    78% of spending went to programs and raising each dollar of donations cost 7 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 83 out of 100. Higher than 63% of charities in its peer group (philanthropy, $250k to $1m).

  • Independent board

    18 of 25

    3 of 3 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $143,532 spent. Devoted Dreamers equips the Next Generation with tools to be successful in the classroom. Devoted Dreamers Academy is a 7 week summer program for children entering 6-8th grades, placing an emphasis on financial literacy, reading comprehension, physical fitness and character development, while preparing youth for the upcoming school year. Devoted Dreamers also conducts fundraising events to generate revenue for the foregoing causes. Future goals include establishing a central location for the Academy, develop a year-round tutoring program, develop a school of arts Fall program and ultimately to establish a Devoted Dreamers School.
  2. $71,766 spent. Devoted dreamers also works to provide the Next Generation with tools to help them live healthy spiritual lives. Activities include Encounter, a one-night worship experience designed to help usher young men and women into the presence of the Lord. Future goals include developing a full day Encounter conference, gospel music, and contemporary worship event, and discipleship and evangelism training summer camp. Devoted Dreamers also works to provide the Next Generation of young ladies with tools to help them build character and live healthy spiritual lives. P.E.A.R.L.S.Pure Essence and Real Love Sisterhood is a program to help build character through inspiring and motivating
  3. $71,765 spent. Devoted Dreamers works to provide the Next Generation with tools for success, on and off the field. The 7 v 7 Elite Sports team is a travel team formed through tryouts. The mentorship program consists of the best athletes across the state of Mississippi and prepares participants academically, athletically, and spiritually. The goal is to help players who have a desire to play D-1 football, to gain exposure while also developing fundamental skills in a highly competitive atmosphere. Dreamers Foundation provides ACT/SAT prep for the athletes as well as continued academic support throughout the school year, in addition to focusing on personal development.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since July 2020.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.