I Have A Dream Foundation is located in New York, NY. The organization was established in 1995. According to its NTEE Classification (I99) the organization is classified as: Crime & Legal-Related N.E.C., under the broad grouping of Crime & Legal-Related and related organizations. As of 08/2021, I Have A Dream Foundation employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. I Have A Dream Foundation 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 08/2021, I Have A Dream Foundation generated $3.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $2.8m during the year ending 08/2021. While expenses have increased by 0.0% 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
THE "I HAVE A DREAM" FOUNDATION (IHDF) EXPANDS EDUCATIONAL OPPORTUNITIES FOR CHILDREN LIVING IN UNDER-RESOURCED COMMUNITIES BY EMPOWERING THEM TO ACHIEVE HIGHER EDUCATION AND PROVIDING THEM WITH GUARANTEED TUITION SUPPORT AND EQUIPPING THEM WITH THE SKILLS AND KNOWLEDGE NEEDED TO GAIN ENTRY TO AND SUCCEED IN COLLEGE AND BEYOND. OUR VISION IS THAT ONE DAY, ALL CHILDREN FROM LOW-INCOME COMMUNITIES WILL HAVE AN EQUAL OPPORTUNITY TO COMPLETE HIGH SCHOOL, ACHIEVE POSTSECONDARY EDUCATION, AND FULLY CAPITALIZE ON THEIR TALENTS AND ASPIRATIONS TO BECOME PRODUCTIVE GLOBAL CITIZENS. WE SPONSOR COHORTS OF STUDENTS IN UNDER-RESOURCED PUBLIC SCHOOLS OR HOUSING DEVELOPMENTS, AND WORK WITH THESE "DREAMERS" FROM EARLY ELEMENTARY SCHOOL ALL THE WAY THROUGH HIGH SCHOOL. UPON HIGH SCHOOL GRADUATION, EACH DREAMER RECEIVES GUARANTEED TUITION ASSISTANCE FOR HIGHER EDUCATION. WHILE EACH "I HAVE A DREAM" PROGRAM IS LOCALIZED TO MEET THE SPECIFIC NEEDS OF ITS DREAMERS, ALL OF OUR PROGRAMS SHARE COMMON ELEMENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
DREAMER & AFFILIATE SUPPORT - THE "I HAVE A DREAM" FOUNDATION PROVIDES GUIDANCE, RESOURCES, AND TECHNICAL ASSISTANCE TO 17 "I HAVE A DREAM" AFFILIATES ACROSS THE NATION, WITH THE GOAL OF ENSURING THAT OUR 3,006 STUDENTS, CALLED "DREAMERS", GRADUATE FROM HIGH SCHOOL PREPARED TO ENROLL IN AND COMPLETE A POSTSECONDARY EDUCATION. OUR OFFICE WORKS WITH AFFILIATES TO PROVIDE BEST PRACTICES, LEARNING EXCHANGES, AND NATIONAL CONVENINGS, AS WELL AS MORE TARGETED PROGRAM SUPPORT THROUGH SITE VISITS, PHONE CONSULTATIONS, AND OTHER TECHNICAL ASSISTANCE. IN ADDITION, THE NATIONAL OFFICE DEVELOPS PARTNERSHIPS TO PROVIDE RESOURCES TO OUR DREAMERS AND AFFILIATES. THE FOUNDATION SPONSORS AN ANNUAL LEADERSHIP DEVELOPMENT CONFERENCE FOR MIDDLE AND HIGH SCHOOL DREAMERS FROM ACROSS THE UNITED STATES. EACH YEAR WE HOLD THE DREAMER CONFERENCE ON A COLLEGE CAMPUS IN DIFFERENT PARTS OF THE COUNTRY.
DATA & PERFORMANCE MANAGEMENT - THE "I HAVE A DREAM" FOUNDATION CONTINUES TO BUILD OUT A CENTRAL REPOSITORY OF CURRENT AND HISTORICAL PERFORMANCE DATA ACROSS THE "I HAVE A DREAM" NETWORK IN ORDER TO MEASURE THE ORGANIZATION'S COLLECTIVE IMPACT, DRIVE CONTINUOUS IMPROVEMENT EFFORTS AND RESOURCE ALLOCATION, AND STRENGTHEN PERFORMANCE ACCOUNTABILITY.
PROGRAM STRATEGY & DESIGN - THE "I HAVE A DREAM" FOUNDATION IS WORKING TO INCREASE THE ORGANIZATION'S IMPACT BY CONSTANTLY IMPROVING OUR EFFORTS TO SUPPORT CURRENT AFFILIATES. AS PART OF THIS EFFORT, THE FOUNDATION CONDUCTED SURVEYS TO EVALUATE CURRENT PROGRAMS' OFFERINGS ACROSS THE AFFILIATE NETWORK AND PROVIDED RESOURCES TO ADDRESS AREAS THAT NEEDED IMPROVEMENT. THE FOUNDATION RECENTLY IMPLEMENTED OUR COLLEGE SAVINGS ACCOUNT (CSA) PROGRAM WITH THREE AFFILIATES (NEW YORK-METRO, DES MOINES, AND OREGON), WITH THE GOAL OF ROLLING OUT THE PROGRAM ACROSS THE BROADER NETWORK. CSAS HAVE BEEN SHOWN TO INCREASE A STUDENT'S COLLEGE-GOING MINDSET AND POSITIVELY IMPACT THE COLLEGE-GOING RATE OF CHILDREN LIVING IN UNDER-RESOURCED COMMUNITIES. IHDF'S GOALS IN CREATING CSA'S FOR DREAMERS INCLUDE INCREASING THE NUMBER OF DREAMERS GETTING TO AND THROUGH COLLEGE, AND ALLOWING THE PUBLIC TO HELP SUPPORT DREAMERS' COLLEGE DREAMS BY PROVIDING A SAFE AND ACCESSIBLE INVESTMENT VEHICLE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Eugena Oh President & CEO | OfficerTrustee | 40 | $193,833 |
Rory Greiss Legal Counsel | OfficerTrustee | 5 | $0 |
Richard Saltzman Chairman | OfficerTrustee | 10 | $0 |
Harlan Stone Vice Chair | OfficerTrustee | 5 | $0 |
Steven Shaw Treasurer | OfficerTrustee | 5 | $0 |
J Ronald Terwilliger Director | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $2,945,019 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,945,019 |
Total Program Service Revenue | $84,222 |
Investment income | $64,720 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $84,405 |
Net Income from Fundraising Events | $431,489 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,609,855 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $164,050 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $194,333 |
Compensation of current officers, directors, key employees. | $34,980 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,062,467 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $179,547 |
Payroll taxes | $82,403 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $133,978 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $126,762 |
Advertising and promotion | $0 |
Office expenses | $13,488 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $123,572 |
Travel | $33,898 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $2,918 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $21,079 |
Insurance | $47,848 |
All other expenses | $52,062 |
Total functional expenses | $2,816,118 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $988,724 |
Savings and temporary cash investments | $134,177 |
Pledges and grants receivable | $181,836 |
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 | $51,469 |
Net Land, buildings, and equipment | $22,149 |
Investments—publicly traded securities | $2,902,178 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $4,280,533 |
Accounts payable and accrued expenses | $157,729 |
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 | $394,423 |
Total liabilities | $552,152 |
Net assets without donor restrictions | $891,969 |
Net assets with donor restrictions | $2,836,412 |
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 | $4,280,533 |
Over the last fiscal year, I Have A Dream Foundation has awarded $149,250 in support to 4 organizations.
Grant Recipient | Amount |
---|---|
Kearny, NJ PURPOSE: Great Expectations | $89,000 |
Los Angeles, CA PURPOSE: Great Expectations | $35,750 |
I HAVE A DREAM - MILWAUKEE PURPOSE: Great Expectations | $15,000 |
Boulder, CO PURPOSE: Great Expectations | $9,500 |
Over the last fiscal year, we have identified 2 grants that I Have A Dream Foundation has recieved totaling $15,000.
Awarding Organization | Amount |
---|---|
E E Geduld Family Foundation Inc New York, NY PURPOSE: GENERAL USE | $10,000 |
Boswell Family Foundation Ketchum, ID PURPOSE: SOCIAL/ACADEMIC SUPPORT FOR YOUTH | $5,000 |
Organization Name | Assets | Revenue |
---|---|---|
Community Legal Aid Inc Worcester, MA | $10,705,737 | $16,466,867 |
I Have A Dream Foundation New York, NY | $4,280,533 | $3,609,855 |
Cfa Society Boston Inc Boston, MA | $5,288,449 | $2,072,624 |
New Jersey Association For Justice Educational Foundation Inc Trenton, NJ | $774,500 | $1,685,412 |
Childrens Law Center Inc Hartford, CT | $1,609,797 | $1,213,365 |
West Family Foundation Chesterbrook, PA | $20,253,095 | $295,521 |
Storeworkers Security Plan Astoria, NY | $7,344,945 | $430,154 |
The Eder Family Foundation Inc West Haven, CT | $5,987,056 | $349,537 |
First Friends Of New Jersey And New York Kearny, NJ | $339,041 | $522,411 |
New York International Arbitration Center Inc New York, NY | $526,912 | $446,398 |
Judicial Process Commission Inc Rochester, NY | $129,710 | $296,611 |
Franklin N Flaschner Judicial Institute Inc Boston, MA | $3,912,700 | -$50,111 |