I Have A Dream Foundation - New Jersey Inc
- Assets
- $592.7k
- Revenue
- $649.6k
- Investments
- $0.0
- Employees
- 13
- Location
- Kearny, NJ
- Founding
- 12/2006
- Data as of
- 06/2021
- EIN
- 02-0775259
Organization Overview
I Have A Dream Foundation - New Jersey Inc is located in Kearny, NJ. The organization was established in 2006. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2021, I Have A Dream Foundation - New Jersey Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. I Have A Dream Foundation - New Jersey Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, I Have A Dream Foundation - New Jersey Inc generated $649.6k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.7% each year . All expenses for the organization totaled $492.4k during the year ending 06/2021. While expenses have increased by 26.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO MOTIVATE AND EMPOWER CHILDREN TO REACH THEIR EDUCATIONAL AND CAREER GOALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DREAMERS COLLEGE PROGRAMTHE COLLEGE PATH PROJECT: A PROGRESSIVE FOUR-YEAR PLAN THAT PROVIDES OUR DREAMERS WITH A ROAD-MAP TO SUCCESSFULLY COMPLETE HIGH SCHOOL AND TO MAKE WELL INFORMED DECISIONS, WHILE GAINING ACESS TO COLLEGE AND/OR AN ACCREDITED TRADE SCHOOL. 2021 SAW THE FIRST 'DREAMERS' CLASS GRADUATE.THE NEWARK PROGRAM CATERS TO THE INDIDVIDUAL NEEDS OF EACH STUDENT, PROVIDES ACADEMIC AND COLLEGE READINESS SUPPORT, PROVIDES MENTAL HEALTH SUPPORT(VIA LICENSED SOCIAL WORKER), TUTORING SERVICES PROVIDED BY MENTORS, LEARNING SPECIALISTS AND LOCAL UNIVERSITY AND COMMUNITY COLLEGE PARTNERS, MENTORING FINANCIAL LITERACY AND ADDITIONAL SUPPORT PROVIDED BY THE KAPPA LEAGUE OF NJ.
IHDF-NJ IS CURRENTLY IN THE FIRST PHASE OF WHAT IS PLANNED AS A COMPREHENSIVE PARTNERSHIP WITH THE 13TH AVE/DR. MLK JR. SCHOOL IN THE WEST WARD OF NEWARK. WORKING ALONGSIDE AND IN SUPPORT OF THE SCHOOL'S ADMINISTRATION AND CURRENT COMMUNITY PARTNERS, IHDFNJ'S GOAL IS TO IDENTIFY AND UNDERSTAND THE NEEDS OF 13TH AVE STUDENTS AND THEIR FAMILIES SO THAT WE MAY CONTRIBUTE LONG-TERM WRAP-AROUND SOCIAL AND ACADEMIC SUPPORT.
FOOD AND ESSENTIAL ITEM INITATIVEIN DIRECT RESPONSE TO THE COVID-19 PANDEMIC, IHDFNJ BEGAN FUNDRAISING AND MAKING WEEKLY DELIVERIES OF FOOD AND ESSENTIAL ITEMS TO ITS COMMUNITY FAMILIES. THIS GROUP, CONSISTED OF IHDFNJ'S DREAMERS AS WELL AS FAMILIES FROM THE THIRTEENTH AVENUE SCHOOL.
GREAT EXPECTATIONS PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yolanda Gadson Executive Director | OfficerTrustee | 40 | $84,249 |
Steven Lerner Chair | OfficerTrustee | 2 | $0 |
Eugene Thomas Treasurer | OfficerTrustee | 2 | $0 |
Doug Evans Board Member | Trustee | 2 | $0 |
Dr Diane Hill Board Member | Trustee | 2 | $0 |
Beth Bernstein Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $34,392 |
| All other contributions, gifts, grants, and similar amounts not included above | $611,684 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $646,076 |
| Total Program Service Revenue | $0 |
| Investment income | $3,556 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $649,632 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $43,799 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $102,697 |
| Compensation of current officers, directors, key employees. | $25,674 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $132,633 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $19,799 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,705 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,186 |
| Advertising and promotion | $0 |
| Office expenses | $11,758 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,805 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,996 |
| All other expenses | $0 |
| Total functional expenses | $492,449 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $318,125 |
| Savings and temporary cash investments | $26,923 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $245,531 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,100 |
| Total assets | $592,679 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $440,700 |
| Net assets with donor restrictions | $151,979 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $592,679 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that I Have A Dream Foundation - New Jersey Inc has recieved totaling $194,593.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $116,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $48,593 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: COMMUNITY OUTREACH & ENRICHMENT PROGRAMS | $20,000 |
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alfred P Sloan Foundation New York, NY | $2,105,880,634 | $192,527,982 |
Mastercard Impact Fund Purchase, NY | $207,268,769 | $96,050,288 |
Business Leadership Organized For Catholic Schools King Of Prussia, PA | $82,544,630 | $55,644,917 |
Central Pennsylvania Scholarship Fund Tyrone, PA | $42,508,819 | $45,167,381 |
Arcus Foundation New York, NY | $264,733,626 | $35,703,685 |
The Childrens Scholarship Fund New York, NY | $36,136,002 | $24,710,520 |
Math For America Inc New York, NY | $15,709,494 | $20,036,646 |
The Posse Foundation Inc New York, NY | $120,660,725 | $44,739,225 |
Inner-City Scholarship Fund Inc New York, NY | $115,829,957 | $24,751,034 |
Joan And Irwin Jacobs Technion-Cornell Innovation Instit New York, NY | $205,040,861 | $18,316,542 |
Tikvah Fund New York, NY | $103,047,859 | $6,270,985 |
Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |