Dreamspring

Organization Overview

Dreamspring is located in Albuquerque, NM. The organization was established in 1995. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Dreamspring employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dreamspring 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 12/2021, Dreamspring generated $25.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.2% each year . All expenses for the organization totaled $9.1m during the year ending 12/2021. While expenses have increased by 7.1% 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.

Since 2020, Dreamspring has awarded 356 individual grants totaling $4,762,540. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

DREAMSPRING INCREASES ACCESS TO BUSINESS CREDIT, MAKES LOANS AND PROVIDES TRAINING WHICH ENABLE UNDERSERVED ENTREPRENEURS TO REALIZE THEIR DREAMS AND BE CATALYSTS FOR POSITIVE ECONOMIC AND SOCIAL CHANGE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DREAMSPRING PROVIDES TOOLS TO HELP SMALL BUSINESSES OPERATE, GROW OR START THEIR BUSINESS. WE INCREASE ACCESS TO BUSINESS CREDIT, MAKE LOANS AND PROVIDE TRAINING TO HELP ENTREPRENEURS THRIVE. IN 2021 DREAMSPRING MADE 25,706 LOANS, FOR $214.0 MILLION, THAT CREATED OR SUSTAINED 34,423 JOBS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $2,230,197
All other contributions, gifts, grants, and similar amounts not included above$5,282,376
Noncash contributions included in lines 1a–1f $17,482
Total Revenue from Contributions, Gifts, Grants & Similar$7,512,573
Total Program Service Revenue$17,685,543
Investment income $45,423
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $86,801
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $25,298,598

Grants Awarded

Over the last fiscal year, Dreamspring has awarded $4,762,540 in support to 356 organizations.

Grant RecipientAmount

SYNKUP LLC

PURPOSE: GRANT FOR BUSINESSES AFFECTED BY COVID

$15,000

NATALIE SONG DBA CHELSEA CLEANERS

PURPOSE: GRANT FOR BUSINESSES AFFECTED BY COVID

$15,000

3-D EXECUTIVE SEARCH CONSULTANTS LLC

PURPOSE: GRANT FOR BUSINESSES AFFECTED BY COVID

$15,000

EMPOWERCOM INC

PURPOSE: GRANT FOR BUSINESSES AFFECTED BY COVID

$15,000

S & L CLEAN COMPANY

PURPOSE: GRANT FOR BUSINESSES AFFECTED BY COVID

$15,000

3D CRYSTAL GIFT LLC

PURPOSE: GRANT FOR BUSINESSES AFFECTED BY COVID

$15,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 15 grants that Dreamspring has recieved totaling $946,660.

Awarding OrganizationAmount
Great Rivers Community Tr

Zebulon, NC

PURPOSE: GENERAL SUPPORT

$284,407
Opportunity Finance Network

Philadelphia, PA

PURPOSE: FINANCE JUSTICE FUND SUBGRANT

$200,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$125,000
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$100,253
Allies For Community Business Inc

Chicago, IL

PURPOSE: PAYMENTS TO CDFI PARTNERS TO ASSIST A4CB REACH CLIENTS IN THEIR MARKETS

$80,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$50,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$2,201,671
Earnings$224,558
Other Expense$224,558
Ending Balance$2,201,671

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