I Have A Dream Foundation

Organization Overview

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.

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.


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Board, Officers & Key Employees

Name (title)Compensation
Eugena Oh
President & CEO
$193,833
Harlan Stone
Vice Chair
$0
Steven Shaw
Treasurer
$0
Rory Greiss
Legal Counsel
$0
Richard Saltzman
Chairman
$0
J Ronald Terwilliger
Director
$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$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

Grants Awarded

Over the last fiscal year, I Have A Dream Foundation has awarded $149,250 in support to 4 organizations.

Grant RecipientAmount

I HAVE A DREAM - NEWARK

Org PageRecipient Profile

Kearny, NJ

PURPOSE: Great Expectations

$89,000

I HAVE A DREAM - LOS ANGELES

Org PageRecipient Profile

Los Angeles, CA

PURPOSE: Great Expectations

$35,750

I HAVE A DREAM - MILWAUKEE

PURPOSE: Great Expectations

$15,000

I HAVE A DREAM - BOULDER

Org PageRecipient Profile

Boulder, CO

PURPOSE: Great Expectations

$9,500
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that I Have A Dream Foundation has recieved totaling $15,000.

Awarding OrganizationAmount
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
View Grant Recipient Profile

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