Dream Project Inc is located in Arlington, VA. The organization was established in 2012. 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 06/2022, Dream Project Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dream Project 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 06/2022, Dream Project Inc generated $741.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 32.3% each year . All expenses for the organization totaled $628.9k during the year ending 06/2022. While expenses have increased by 30.8% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
DREAM PROJECTS EMPOWERS STUDENTS WHOSE IMMIGRATION STATUS CREATES BARRIERS TO EDUCATION BY WORKING WITH THEM TO ACCESS AND SUCCEED IN COLLEGE THROUGH SCHOLARSHIPS, MENTORING, FAMILY ENGAGEMENT, AND ADVOCACY
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS: THE DREAM PROJECT AWARDS RENEWABLE COLLEGE SCHOLARSHIPS TO UNDOCUMENTED STUDENTS, COMMONLY KNOWN AS DREAMERS, IN VIRGINIA. THE DREAM SCHOLARSHIP IS AWARDED TO TALENTED IMMIGRANT STUDENTS WHO DEMONSTRATE ACADEMIC ACHIEVEMENT, LEADERSHIP, COMMUNITY INVOLVEMENT AND PERSEVERANCE IN THE FACE OF ADVERSITY.
MENTORING: THE DREAM PROJECT ALSO PROVIDES A MENTORING PROGRAM FOR HIGH SCHOOL SENIORS AND COMMUNITY COLLEGE SCHOLARS WHO ARE TRANSFERRING TO A FOUR-YEAR UNIVERSITY. IN BOTH CASES, MENTEES ARE MATCHED WITH A MENTOR WHO OFFERS GUIDANCE THROUGH THE COLLEGE AND SCHOLARSHIP APPLICATION PROCESS. MENTORING PROGRAM PARTICIPANTS ALSO BUILD HABITS AND SKILLS THAT PROMOTE SUCCESS IN POST-SECONDARY EDUCATION.
SCHOLAR, ALUMNI AND FAMILY SUPPORT:DREAM PROJECT SCHOLARSHIP RECIPIENTS AND COLLEGE GRADUATES ARE ADDITIONALLY SUPPORTED BY THE ORGANIZATION THROUGH ACTIVITIES AND PROGRAMMING. FIRST, THE DREAM PROJECT HOSTS AN ANNUAL DREAM SUMMIT FOR THESE STUDENTS AND YOUNG GRADUATES. THIS WEEK-LONG CONFERENCE COVERS A RANGE OF TOPICS RELEVANT AND IMPORTANT TO ENSURING COLLEGE RETENTION, GRADUATION, AND PROFESSIONAL SUCCESS. DREAM SCHOLARS AND ALUMNI ARE ALSO ELIGIBLE TO APPLY FOR FUNDING THROUGH ADDITIONAL FINANCIAL SUPPORT STRUCTURES. ONE THAT IS AVAILABLE IS THE HERMAN LOAN PROGRAM, THE MOLLY AND JOSEPH HERMAN DREAM SCHOLAR LOAN FUND PROVIDES INTEREST-FREE LOANS TO ELIGIBLE STUDENTS ONLY TO PAY FOR UNEXPECTED EMERGENCIES, AS WELL AS DACA APPLICATION FEES PAYABLE ONLY TO USCIS. STUDENTS MAY RECEIVE MULTIPLE LOANS, EACH LOAN UP TO $2000 AND ONLY PAYABLE DIRECTLY TO THE SCHOOL, FOR UNDERGRADUATE AND GRADUATE EDUCATIONAL EXPENSES. REPAYMENT FOR NON-DACA LOANS COMMENCES AFTER GRADUATION AND SHOULD BE COMPLETED WITHIN TWO YEARS, THOUGH THE COMMITTEE MAY IMPOSE OTHER TERMS OR CONDITIONS. DACA LOANS ARE REPAID IN MONTHLY INSTALLMENTS OVER FIVE MONTHS. THE FUND IS ADMINISTERED BY THE MOLLY AND JOSEPH HERMAN DREAM SCHOLAR LOAN FUND COMMITTEE.ANOTHER FINANCIAL SUPPORT STRUCTURE IS THE EMERGENCY RELIEF FUND FOR DREAMERS, WHICH WAS ESTABLISHED IN RESPONSE TO THE COVID-19 PANDEMIC. EMERGENCY RELIEF GRANTS ARE PROVIDED TO HELP STUDENTS PAY FOR RENT, FOOD, UTILITIES, AND HEALTHCARE. ALSO RELATED TO COVID-19 STUDENT SUPPORT, THE DREAM PROJECT EMPLOYS A CASE MANAGER WHO CONNECTS STUDENTS WITH OTHER COMMUNITY AND GOVERNMENT RESOURCES WHICH PROVIDE ADDITIONAL RENT, FOOD, AND PHYSICAL AND MENTAL HEALTH SUPPORTS AND SERVICES. FINALLY, THE DREAM PROJECT PARTNERS WITH AN ORGANIZATION CALLED BEYOND 12 THAT PROVIDES COLLEGE COACHING SERVICES FOR FRESHMAN STUDENTS AND STUDENTS WHO ARE TRANSFERRING FROM TWO- TO FOUR-YEAR COLLEGES. MOST DREAM PROJECT STUDENTS ARE THE FIRST IN THEIR FAMILIES TO ATTEND COLLEGE, SO THIS COACHING SERVICE IS OFTEN CRITICAL FOR THEIR SUCCESS.
COMMUNICATIONS AND ADVOCACY:THE DREAM PROJECT FURTHER WORKS TO SPREAD AWARENESS ABOUT THE STRUGGLES THAT OUR DREAM SCHOLARS AND FAMILIES FACE, AND SUPPORTS PARTNER ORGANIZATIONS WHO ADVOCATE FOR THEIR RIGHTS. THIS IS ACCOMPLISHED THROUGH TRADITIONAL AND SOCIAL MEDIA STREAMS, PARTICIPATION IN COMMUNITY COALITIONS/GROUPS, AND EDUCATIONAL EVENTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Karen Vallejos Exexutive Director | Officer | 1 | $29,649 |
Mark Habeeb Vice Chair | OfficerTrustee | 0 | $0 |
Jane Powell Chair | OfficerTrustee | 0 | $0 |
Emma Violand Sanchez Board Member | OfficerTrustee | 0 | $0 |
Robert Remes Secretary | OfficerTrustee | 0 | $0 |
Dawn Cutler Board Member | Trustee | 0 | $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 | $740,537 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $740,537 |
Total Program Service Revenue | $0 |
Investment income | $1,281 |
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 | $741,818 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $331,374 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $179,281 |
Pension plan accruals and contributions | $4,793 |
Other employee benefits | $27,621 |
Payroll taxes | $16,318 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $5,033 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $34,405 |
Advertising and promotion | $0 |
Office expenses | $14,110 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $4,748 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $3,414 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $2,446 |
All other expenses | $0 |
Total functional expenses | $628,892 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $351,055 |
Savings and temporary cash investments | $298,708 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $73,319 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $47,570 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $119,779 |
Investments—program-related | $0 |
Intangible assets | $15,400 |
Other assets | $0 |
Total assets | $905,831 |
Accounts payable and accrued expenses | $44,152 |
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 | $44,152 |
Net assets without donor restrictions | $735,824 |
Net assets with donor restrictions | $125,855 |
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 | $905,831 |
Over the last fiscal year, we have identified 10 grants that Dream Project Inc has recieved totaling $142,677.
Awarding Organization | Amount |
---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $30,850 |
Morris And Gwendolyn Cafritz Foundation Washington, DC PURPOSE: EDUCATION | $25,000 |
Kbr Foundation Lakewood Ranch, FL PURPOSE: GENERAL FUND | $20,000 |
Act For Alexandria Alexandria, VA PURPOSE: PROGRAM SUPPORT | $18,000 |
Shrewsbury Foundation Rumson, NJ PURPOSE: FOR OPERATIONS | $16,000 |
Molly And Joseph Herman Foundation Flagstaff, AZ PURPOSE: DREAM SCHOLAR LOAN FUND | $15,200 |
Organization Name | Assets | Revenue |
---|---|---|
Education Loan Finance Inc Knoxville, TN | $2,281,627,256 | $227,234,757 |
Thurgood Marshall College Fund Inc Washington, DC | $121,810,471 | $98,266,975 |
Educational Foundation Inc Chapel Hill, NC | $193,854,804 | $63,834,996 |
Nc Student Aid Association Inc Raleigh, NC | $102,296,557 | $23,877,668 |
Breakthrough Prize Foundation Washington, DC | $10,581,357 | $48,295,695 |
Virginia Student Aid Foundation Charlottesville, VA | $165,530,915 | $45,876,846 |
Foundation For Advanced Education In The Sciences Inc Bethesda, MD | $54,757,501 | $41,367,941 |
The North Carolina A&t Real Estate Foundation Inc Greensboro, NC | $169,150,909 | $33,021,773 |
Horatio Alger Association Of Distinguished Americans Inc Alexandria, VA | $58,355,936 | $27,092,429 |
Somerset Community Services Inc Marion Station, MD | $23,511,474 | $20,221,070 |
American Association Of University Women Inc Washington, DC | $138,843,361 | $18,528,803 |
Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |