Nonprofit · EIN 74-3237801
DEVELOPING DREAMS FOUNDATION INC
Tax-exempt (reinstated) · PLANTATION, FL 33317
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990-EZ | $114,380 | $111,320 | $3,060 | $6,260 | $0 | $6,260 |
| August 31, 2023 | 990-EZ | $107,086 | $99,100 | $7,986 | $7,986 | $0 | $7,986 |
Financial details: 990-EZ for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $66,500
- Program service revenue
- $52,040
- Investment income
- $0
- Net gain from sales of assets
- $180
- Net income from fundraising events
- -$4,200
- Net income from sales of inventory
- -$140
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $50,000
- Salaries, compensation and benefits (total)
- $0
- Professional fees and payments to contractors
- $87,500
- Occupancy
- $10,300
- Printing, publications and postage
- $800
- Other expenses
- $12,720
- Program services (functional)
- $64,000
Balance sheet and other
- Total assets, start of year
- $3,200
- Total assets, end of year
- $6,260
- Total liabilities, end of year
- $0
- Net assets, end of year
- $6,260
- Cash, savings and investments
- $6,260
- Gross receipts
- $128,200
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Aaron Malco | Foundign Executive Director | 60 | $50,000 |
| JIll Salomon | Board Member | 1 | $0 |
| Daniel Yeboah | Board Member | 5 | $0 |
| Nanci Thomas | Board Member | 2 | $0 |
| Sharon Sampson | Board Member | 1 | $0 |
| Ryan Boggs | Board Member | 1 | $0 |
990-EZ for the year ended August 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Aaron Malco | Executive Director and Instructor | 60 | $48,000 |
Address and contacts
- Address (IRS master file)
- 7580 NW 5TH ST 15522, PLANTATION, FL 33317-1607
- In care of
- % AARON MALCO
- Mailing address (990-N for 2013)
- PO BOX 20644, HOLLYWOOD FL 33022
- Principal officer (990-N for 2013)
- Aaron Malco, PO BOX 220644, HOLLYWOOD FL 33022
- Signed the 990-EZ
- AARON MALCO, Founding Executive Director
- Phone
- (954) 282-1014
Mission
Teaching youth in Arts Education / After-school programs
Program accomplishments
- Our afterschool and senior programs performed well during the year. We successfully served over 300, children through our afterschool programming, providing educational support enrichment activities, and a safe, structured environment.Expenses $45,000 · grants $45,000
- The Choreographers Ball was successfully held as a community arts event that showcased local dance talent and supported creative expression. The event provided performance opportunities for artists, increased community engagement in the arts, 200 youth servedExpenses $13,500 · grants $8,300
- Art of Dance Show a collaboration of various artists performing a series of dance pieces of various genres 20 youth served 120 audience members - Blackbox theaterExpenses $5,500 · grants $4,500
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990-EZ on file |
| 2023 | August 31, 2024 | January 15, 2025 | Check at the IRS |
IRS record
- EIN
- 74-3237801
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2012
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A60)
- Assets (IRS master file)
- $6,260
- Income (IRS master file)
- $128,200
Revocation and reinstatement
- Exemption revoked
- January 15, 2011
- Posted by the IRS
- October 7, 2011
- Reinstated
- Effective January 15, 2011
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | August 2025 | $114,380 | $111,320 | $6,260 | XML |
| 990-EZ | August 2023 | $107,086 | $99,100 | $7,986 | XML |
| 990-EZ | August 2022 | – | – | – | IRS |
| 990-EZ | August 2021 | – | – | – | IRS |
| 990-N for 2013 Officer: Aaron Malco | August 31, 2014 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 74-3237801).
Questions about DEVELOPING DREAMS FOUNDATION INC
- What is the EIN of DEVELOPING DREAMS FOUNDATION INC?
- The employer identification number (EIN) of DEVELOPING DREAMS FOUNDATION INC is 74-3237801.
- Is DEVELOPING DREAMS FOUNDATION INC tax-exempt?
- Yes. The IRS revoked its exemption on January 15, 2011 and reinstated it effective January 15, 2011.
- Are donations to DEVELOPING DREAMS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DEVELOPING DREAMS FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of DEVELOPING DREAMS FOUNDATION INC due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DEVELOPING DREAMS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended August 2025.
- Who is the principal officer of DEVELOPING DREAMS FOUNDATION INC?
- The 990-N for 2013 names Aaron Malco.
- Who are the officers and directors of DEVELOPING DREAMS FOUNDATION INC?
- The 990-EZ for the year ended August 31, 2025 lists 6 people; 1 received compensation from the organization, the highest $50,000 (Aaron Malco, Foundign Executive Director).
- How much revenue does DEVELOPING DREAMS FOUNDATION INC have?
- On its 990-EZ for the year ended August 31, 2025 it reported revenue of $114,380, expenses of $111,320 and total assets of $6,260 at year end.
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