I Have A Dream Foundation - Colorado
- Assets
- $1.8m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 22
- Location
- Denver, CO
- Founding
- 10/1988
- Data as of
- 06/2022
- EIN
- 74-2497109
Organization Overview
I Have A Dream Foundation - Colorado is located in Denver, CO. The organization was established in 1988. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2022, I Have A Dream Foundation - Colorado employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. I Have A Dream Foundation - Colorado 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 - Colorado generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $1.5m during the year ending 06/2022. While expenses have increased by 3.5% 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
WE PARTNER WITH YOUTH AND THEIR FAMILIES AS THEY SUCCESSFULLY NAVIGATE SCHOOL, COLLEGE, AND CAREER BY PROVIDING A HOLISTIC ACADEMIC, SOCIAL, AND EMOTIONAL PROGRAM FROM ELEMENTARY SCHOOL THROUGH COLLEGE, ALONG WITH POST-SECONDARY SCHOLARSHIP ASSISTANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
I HAVE A DREAM FOUNDATION COLORADO (THE "FOUNDATION") WAS INCORPORATED UNDER THE LAWS OF THE STATE OF COLORADO ON FEBRUARY 29, 1988. SINCE OUR FOUNDING IN 1988, WE HAVE BEEN UNIQUELY POSITIONED TO DELIVER RESULTS BECAUSE OF THE LONG-LASTING, DEEP RELATIONSHIPS WE BUILD WITH FAMILIES STARTING IN ELEMENTARY SCHOOL AND CONTINUING THROUGH COLLEGE AND INTO A CAREER. OUR PROGRAM TAKES PLACE IN OUT-OF-SCHOOL TIME SETTINGS, ALLOWING US THE OPPORTUNITY TO UTILIZE AFTERNOONS, EVENINGS, AND THE SUMMER TO WORK WITH OUR YOUTH. OUR COMMITMENT TO SUPPORTING YOUTH THROUGH THEIR POST-SECONDARY JOURNEY MEANS WE MUST BUILD A LONG-LASTING CONNECTION AND UNDERSTANDING OF THEM AND ADAPT TO MEET THEIR NEEDS EVERY STEP OF THE WAY. ADDITIONALLY, OUR HISTORY OF SUCCESS WITH UTILIZING DATA AND EVALUATION TO MONITOR YOUTH'S ACADEMIC AND SOCIAL-EMOTIONAL GROWTH CLOSELY POSITIONS US WELL TO CONTINUE DELIVERING SOLID RESULTS.IN FY22, WE HAD THE OPPORTUNITY TO DELIVER OUR PROGRAM AT TWO REGIONAL SITES, ONE IN THE WESTWOOD NEIGHBORHOOD IN SOUTHWEST DENVER AND ONE IN THE GREEN VALLEY RANCH NEIGHBORHOOD IN FAR NORTHEAST DENVER. OVER THE COURSE OF THE YEAR, WE USED SEVERAL METRICS TO ENSURE WE ARE SUCCESSFULLY PREPARING OUR YOUTH FOR HIGH SCHOOL GRADUATION AND SECONDARY SUCCESS. THE FOLLOWING RESULTS DEMONSTRATE OUR PROGRESS IN FY22:- OVERALL PARTICIPATION NUMBERS: 252 UNIQUE 3RD THROUGH 8TH GRADE YOUTH SERVED BETWEEN JULY 2021 AND JUNE 2022- YOUTH RETENTION BETWEEN PROGRAMS: 70% OF YOUTH WHO PARTICIPATED IN OUR 2020- 21 AFTER-SCHOOL PROGRAM OR IN OUR 2021 SUMMER CAMP PROGRAM ENROLLED IN ONE OF OUR AFTER-SCHOOL PROGRAMS FOR THE 2021-22 SCHOOL YEAR- MAINTAINING REGULAR ATTENDANCE RATES: 80% DAILY ATTENDANCE FOR REGULAR ATTENDEES- FAMILY AND YOUTH PROGRAM SATISFACTION RATES: 90% OF FAMILIES AND YOUTH WERE SATISFIED OR VERY SATISFIED WITH THE QUALITY OF PROGRAMMING AT OUR SUMMER CAMP- PERCENT OF YOUTH WHO BEGIN AND COMPLETE PROGRAM IN THE ACADEMIC YEAR: 90%- PERCENT OF YOUTH WHO MATRICULATE TO NEXT GRADE LEVEL: 95%- NUMBER OF POST-SECONDARY PARTICIPANTS: 143 PARTICIPANTS- NUMBER OF POST-SECONDARY PARTICIPANTS RECEIVING SCHOLARSHIP SUPPORT: 17
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberlee Sia President & CEO | Officer | 40 | $155,297 |
Fernando Branch Program Director | 40 | $111,497 | |
Stephanie Dreiling VP Of Finance | 40 | $102,091 | |
Douglas A Andrews Past Chairman | OfficerTrustee | 10 | $0 |
Denny O'malley Treasurer | OfficerTrustee | 10 | $0 |
Derek Schoonover Chair Elect | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $221,223 |
| Related organizations | $0 |
| Government grants | $460,754 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,052,320 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,734,297 |
| Total Program Service Revenue | $0 |
| Investment income | -$8,711 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$2,648 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,722,938 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $133,594 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $156,790 |
| Compensation of current officers, directors, key employees. | $26,654 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $693,764 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $70,849 |
| Payroll taxes | $70,551 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,318 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,607 |
| Fees for services: Other | $57,400 |
| Advertising and promotion | $25,610 |
| Office expenses | $8,457 |
| Information technology | $43,923 |
| Royalties | $0 |
| Occupancy | $48,508 |
| Travel | $11,472 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,347 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,500 |
| Insurance | $18,206 |
| All other expenses | $0 |
| Total functional expenses | $1,530,763 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $531,837 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,000 |
| 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 | $10,639 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,223,617 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,771,093 |
| Accounts payable and accrued expenses | $8,439 |
| 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 | $45,074 |
| Total liabilities | $53,513 |
| Net assets without donor restrictions | $1,033,224 |
| Net assets with donor restrictions | $684,356 |
| 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 | $1,771,093 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that I Have A Dream Foundation - Colorado has recieved totaling $35,000.
| Awarding Organization | Amount |
|---|---|
Rob And Molly Cohen Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $25,000 |
Organization Name not Listed PURPOSE: UNRESTRICTED CHARITABLE | | $10,000 |
Endowment Analysis
| Beg. Balance | $423,945 |
| Earnings | -$41,429 |
| Admin Expense | $3,114 |
| Ending Balance | $379,402 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wgu Labs Salt Lake City, UT | $5,412,542 | $17,199,300 |
Legacy Traditional School Maricopa Chandler, AZ | $18,281,409 | $11,917,984 |
Turing School Of Software And Design Denver, CO | $6,210,648 | $10,301,401 |
Rooted Denver, CO | $4,963,250 | $7,608,549 |
United States Space Foundation Colorado Springs, CO | $16,544,992 | $7,378,299 |
Collective For Youth Omaha, NE | $16,344,773 | $14,408,697 |
Youth Entrepreneurs Inc Wichita, KS | $8,370,922 | $6,293,107 |
Lena Foundation Louisville, CO | $6,954,124 | $11,160,800 |
Starfall Education Foundation Boulder, CO | $23,360,929 | $7,522,820 |
Oklahoma Public School Resource Center Inc Oklahoma City, OK | $4,660,216 | $8,536,647 |
North Valley Christian Academy Phoenix, AZ | $21,880,412 | $8,715,772 |
Communities In Schools Of Mid-America Inc Lawrence, KS | $5,926,043 | $10,689,088 |