I Have A Dream Foundation Inc
- Assets
- $1.3m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 15
- Location
- Hailey, ID
- Founding
- 12/2012
- Data as of
- 06/2022
- EIN
- 46-0587871
Organization Overview
I Have A Dream Foundation Inc is located in Hailey, ID. 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, I Have A Dream Foundation Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. I Have A Dream Foundation 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, I Have A Dream Foundation Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 50.0% each year . All expenses for the organization totaled $520.4k during the year ending 06/2022. While expenses have increased by 36.9% 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
TO PROVIDE ACADEMIC SUPPORT, COUNSELING AND MENTORSHIP TO LOW-INCOME YOUTH FROM EARLY ELEMENTARY SCHOOL, THROUGH MIDDLE AND HIGH SCHOOL, AND GUARANTEED TUITION SUPPORT FOR HIGH EDUCATION. OUR WORK IS FOUNDED ON THE BELIEF THAT GIVEN EQUITABLE ACCESS TO RESOURCES, ALL CHILDREN CAN REALIZE THEIR INNATE POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HIGH SCHOOL PROGRAM: 45 STUDENTS (100%) OF OUR SENIOR DREAM CLASS GRADUATED AS CLASS OF 2022. EIGHTY PERCENT OF OUR HIGH SCHOOL GRADUATES HAVE CONTINUED ONTO POST- SECONDARY EDUCATION WITH THE SUPPORT OF OUR COLLEGE COUNSELOR. LEADERSHIP DEVELOPMENT PROGRAM: 15 STUDENTS COMPLETED THE LEADERSHIP PROGRAM CULMINATING IN A LEADERSHIP PHOTO-VOICE PROJECT PRESENTED TO THE COMMUNITY WHICH SHARED THE STUDENTS' IDEAS AND PERSPECTIVES ON IMPORTANT INFLUENCERS AND LEADERS IN OUR COMMUNITY.
ELEMENTARY PROGRAM: LAUNCHED NEW ELEMENTARY COHORTS IN THE FALL OF 2021: 40 1ST GRADE STUDENTS FROM HAILEY, ALTURAS AND BELLEVUE ELEMENTARY SCHOOLS ARE NOW "DREAM SCHOLARS." OUR STAFF WILL PROVIDE LONG-TERM, YEAR- ROUND PROGRAMS TO SUPPORT ACADEMIC DEVELOPMENT, SOCIAL-EMOTIONAL LEARNING AND TO PROVIDE ENRICHMENT PROGRAMMING OVER THE NEXT 12-16 YEARS. ONBOARDED AN ADDITIONAL 20 ELEMENTARY STUDENTS (2ND GRADERS AND THEIR FAMILIES) TO OUR ELEMENTARYPROGRAM FOR SUMMER 2022 BRINGING THE NUMBERS OF ELEMENTARY STUDENTS WE ARE SUPPORTING IN OUR CORE PROGRAM TO 60. PARTICIPATED IN SUMMERBRIDGE COLLABORATIVE PROGRAM WITH THE YMCA, BLAINE COUNTY SCHOOL DISTRICT AND OTHER NONPROFITS; OUR COLLECTIVE STAFF MEMBERS (FROM EACH ORGANIZATION)WORKED TOGETHER TO DELIVER SUMMER ACADEMIC AND ENRICHMENT PROGRAMS THAT SERVED OVER 250 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Rose-Lewis Executive Di | Trustee | 40 | $83,748 |
Brent Robinson Chairman | OfficerTrustee | 12 | $0 |
Beverly Robinson Vice Chair | OfficerTrustee | 12 | $0 |
Jacob Greenberg Treasurer | OfficerTrustee | 1 | $0 |
Mary Bachman Secretary | OfficerTrustee | 5 | $0 |
Kenneth Lewis President Em | Trustee | 2 | $0 |
Financial Statements
| 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 | $1,138,196 |
| Noncash contributions included in lines 1a–1f | $37,542 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,138,196 |
| Total Program Service Revenue | $0 |
| Investment income | $3,621 |
| 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 | $1,141,817 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,100 |
| 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 | $312,132 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $22,532 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,366 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,512 |
| Advertising and promotion | $22,448 |
| Office expenses | $5,490 |
| Information technology | $7,588 |
| Royalties | $0 |
| Occupancy | $6,828 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,026 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $271 |
| Insurance | $4,629 |
| All other expenses | $6,051 |
| Total functional expenses | $520,405 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,335,061 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,335,061 |
| Accounts payable and accrued expenses | $4,951 |
| 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 | $4,951 |
| Net assets without donor restrictions | $1,016,124 |
| Net assets with donor restrictions | $313,986 |
| 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 | $1,335,061 |
Grants Recieved
Over the last fiscal year, we have identified 21 grants that I Have A Dream Foundation Inc has recieved totaling $273,285.
| Awarding Organization | Amount |
|---|---|
Sahm Family Foundation Rancho Santa Fe, CA PURPOSE: GENERAL SUPPORT | $60,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $37,700 |
Idaho Community Foundation Inc Boise, ID PURPOSE: SUPPORT GENERAL OPERATIONS FOR EDUCATION | $34,529 |
Nancy Eccles And Homer M Hayward Family Foundation Salt Lake City, UT PURPOSE: CHARITABLE | $25,000 |
Spur Community Foundation Inc Ketchum, ID PURPOSE: GEN'L SUPP/LEADERSHP | $13,500 |
Spur Community Foundation Inc Ketchum, ID PURPOSE: GENERAL SUPPORT | $11,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Montana Higher Education Student Assistance Corporation Helena, MT | $454,297,151 | $15,047,614 |
The Rogers Foundation Las Vegas, NV | $98,020,626 | $8,861,096 |
Davis Education Foundation Farmington, UT | $5,085,973 | $8,327,640 |
Western States Learning Corporation Cheyenne, WY | $7,278,085 | $6,097,150 |
J R Simplot Company Foundation Inc Boise, ID | $71,703,701 | $5,686,010 |
College Spark Washington Seattle, WA | $104,693,147 | $3,230,019 |
Idaho Association For The Education Of Young Children Boise, ID | $1,636,700 | $5,141,669 |
Pwh Educational Foundation Inc Spokane, WA | $62,473,304 | $11,260,767 |
Zions Bancorporation Foundation Salt Lake City, UT | $5,900,087 | $233,506 |
College Dreams Inc Grants Pass, OR | $2,542,440 | $3,694,638 |
Bilinski Educational Foundation Reno, NV | $12,333,809 | $1,097,407 |
The Nu Skin Force For Good Foundation Provo, UT | $3,982,547 | $2,620,205 |