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Equality Dream Team

EIN 85-2550404 · Chicago, IL

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

LegitimacyPassesRegistration and standingFinancial healthGood75 out of 100GovernanceWeak43 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

PROVIDE RESOURCES AND TOOLS TO HELP AFRICAN AMERICAN YOUTH FROM UNDERSERVED COMMUNITIES AGED 14-24 ACHIEVE ECONOMIC SUSTAINABILITY THROUGH EDUCATION, CAREER, AND WORKFORCE DEVELOPMENT.

Income
$261,990
Spending
$241,502
Spent on programs
94%
Reserves
1 months of spending
Largest source of income
government grants, 65%
Employees
0
Volunteers
20

Source: Form 990 for the year ending July 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 75 out of 100. Higher than 45% of charities in its peer group (education, $250k to $1m).

  • Reserves

    10 of 35

    Spendable reserves would cover 1.0 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 8% of income.

  • Income trend

    15 of 15

    Income rose 127% on the year before.

  • Spending floor

    15 of 15

    93% of spending went to programs and raising each dollar of donations cost 2 cents.

Source: Form 990 for the year ending July 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Weak: 43 out of 100. Higher than 13% of charities in its peer group (education, $250k to $1m).

  • Independent board

    5 of 25

    0 of 10 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give 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 July 31, 2025, 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 (1)
  1. $89,427 spent. EDT PROVIDED PAID SUBSIDIZED WAGES AND STIPENDS TO OVER 70 UNDERSERVED STUDENTS AGES 16-24 FOR CAREER AND WORKFORCE DEVELOPMENT. EDT ASSISTED OVER 70 STUDENTS IN FINDING INTERNSHIPS AND JOBS. EDT INTRODUCED 100 HIGH SCHOOL STUDENTS TO OVER 500 FORTUNE 500 COMPANIES, AS WELL AS OVER 10 HEALTH, WELLNESS,,MEDICAL INSTITUTIONS,, AND 150 COLLEGES. EDT CONDUCTED A CAREER DEVELOPMENT PAID INTERNSHIP FOR OVER 35 JUNIOR AND SENIOR HIGH SCHOOL STUDENTS. EQUALITY DREAM TEAM PROVIDED PAID SUBSIDIZED WAGES AND STIPENDS TO OVER 70 UNDERSERVED AGES 16-24 FOR CAREER AND WORKFORCE DEVELOPMENT. EDT ASSISTED OVER 70 STUDENTS IN FINDING INTERNSHIPS AND JOBS. EDT INTRODUCED 100 STUDENTS TO OVER 50 FORTUNE 500 COMPANIES, AS WELL AS OVER 10 HEALTH, WELLNESS, MEDICAL INSTITUTIONS, AND OVER 150 COLLEGES. EDT CONDUCTED A CAREER DEVELOPMENT PAID INTERNSHIP TO OVER 35 JUNIOR AND SENIOR CHICAGO PUBLIC HIGH SCHOOL STUDENTS.

Source: Form 990 for the year ending July 31, 2025, 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 July 2025.

    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 September 2021.

    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.