I HAVE A DREAM FOUNDATION

EIN: 133355315 501(c)(3) Crime & Legal

New York, NY

Total Revenue
$4,231,942
Total Expenses
$5,004,456
Total Assets
$3,361,156
Net Assets
$2,447,219
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
NY
Principal Officer
Lori Canova
Phone
2122935480
Tax Period
2023-09-01 to 2024-08-31

I HAVE A DREAM FOUNDATION, founded in 1986, is a community nonprofit in the Crime & Legal sector that reported $4.2M in total revenue in fiscal year 2023. Expenses of $5.0M exceeded revenue, resulting in a 18% operating deficit.

Mission

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 they need to gain entry to and succeed in college and beyond. We have learned a tremendous amout over the last 43 years. First, getting our students to college is critical but not enough. Second, we must embrace innovative ways of motivating and encouraging K-12 Dreamers as they prepare for College.Building on these insights, we have developed the following programs: (1) A postsecondary support program; and (2) a college savings account (CSA) Program. Both Programs are designed to encourage Dreamers, Families, communities and businesses to invest Directly into the success of our dreamers so that our students are equipped to not only start but complete college.

Program Service Accomplishments

Program 1
Expenses: $3,913,010

Dreamer Scholar & Affiliate Chapter Support - The "I Have A Dream" Foundation provides guidance, resources, and technical assistance to "I Have A Dream" Foundation Affiliates and Chapters across the...

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Dreamer Scholar & Affiliate Chapter Support - The "I Have A Dream" Foundation provides guidance, resources, and technical assistance to "I Have A Dream" Foundation Affiliates and Chapters across the globe, with the goal of ensuring that our 2,291 students, called "Dreamer Scholars", graduate from high school prepared to enroll in and complete a postsecondary education. National staff work with Affiliates and Chapters to provide best practices, learning exchanges, and national professional development convenings, as well as more targeted program support through site visits, phone consultations, and other technical assistance. In addition, the national headquarters develops partnerships to provide resources to our Dreamer Scholars across the Network. The Foundation hosts an annual leadership development conference for Affiliate and Chapter staff. Each year we hold a summer immersion program (Dream University Prep) for middle and high school Dreamer Scholars from across the United States at a college campus.

Program 2

Program Strategy & Design - The "I Have A Dream" Foundation increases the organization's impact by constantly evaluating and improving our efforts to support current Affiliates and Chapters. The...

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Program Strategy & Design - The "I Have A Dream" Foundation increases the organization's impact by constantly evaluating and improving our efforts to support current Affiliates and Chapters. The Foundation conducts annual surveys to evaluate current program offerings across the Network and provides resources to address areas that need improvement. The Foundation has implemented a college savings account (CSA) program at several Affiliates, with the goal of rolling out the program across the broader network. Using a cohort model, each Dreamer Scholar journey stretches over more than a decade of wrap-around programming. Throughout, we maintain a holistic approach that centers Dreamer Scholars overall well-being and anticipates developing needs and areas of focus as they reach new milestones. This ensures that the youth in our cohorts receive the broad-based, consistent support they need over time to develop into healthy, productive adults. Affiliate and Chapter staff stay closely connected with students throughout their schooling and beyond, offering a trusted and guiding presence. Six core pillars guide our year-round programming:Academic Enrichment & Support: Dreamer Scholars receive general and targeted academic support to excel from kindergarten through college.Socio-Emotional Learning & Life Skills: Our programs are designed to help students develop healthy identities, achieve goals, show empathy for others, establish and maintain relationships, and make responsible, healthy decisions.Family Partnership & Engagement: We work with families to include them in the process so we can work as partners in helping their students thrive.Post-Secondary Preparation and Work Readiness: Dreamer Scholars engage with staff and community partners to chart a path to reach their postsecondary and career aspirations and gain workplace readiness skills through career workshops, job tours and paid internships. IHDF also provides a guaranteed post-secondary scholarship. Mentoring & Support Networks: Dreamer Scholars are matched with long-term, reliable, supportive, and caring adults who provide individualized guidance and connection and serve as positive role models.Leadership & Civic Engagement: We promote community engagement and civic leadership, instilling Dreamer Scholars with the sense of belonging and responsibility that comes from being part of a larger community.

Program 3

Data & Performance Management - The "I Have A Dream" Foundation continues to build out a central repository of current and historical performance data across the IHDF network in order to measure the...

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Data & Performance Management - The "I Have A Dream" Foundation continues to build out a central repository of current and historical performance data across the IHDF network in order to measure the organization's collective impact, drive continuous improvement efforts and resource allocation, and strengthen performance accountability.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,336,416
Program Service Revenue $39,317
Investment Income $30,966
Other Revenue $-174,757
TOTAL REVENUE $4,231,942

Expense Breakdown

Grants Paid $461,711
Salaries & Benefits $3,112,435
Fundraising Expenses $212,865
Program Expenses $3,913,010
Other Expenses $1,430,310
TOTAL EXPENSES $5,004,456

Year-over-Year Comparison

2023 2022 Change
Revenue $4,231,942 $4,241,764 0.0%
Expenses $5,004,456 $4,529,557 +0.1%
Net Income $-772,514 $-287,793 +1.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
26
Independent Members
26
Employees
48
Volunteers
233

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$264,580
Total Directors
29
$264,580
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Otis Hackney President & CEO 40.00
Officer Director
$215,537 $49,043 $264,580
LORI CANOVA INTERIM CEO 0.00
$184,202 $23,160 $207,362
NADIRA SAUNDERS CHIEF OPERATING OFFICER 0.00
$148,797 $49,043 $197,840
RICHARD RIVERA CHIEF PROGRAM OFFICER 0.00
$159,021 $2,196 $161,217
DANNY MORRIS Director of National Programs 0.00
$115,466 $21,808 $137,274
Ronald Terwilliger Director 2.00
Director
$0 $0 $0
Mark Fornasiero Director 2.00
Director
$0 $0 $0
Lianne Friedland Director 2.00
Director
$0 $0 $0
Vince Ballard Director 2.00
Director
$0 $0 $0
Gregory F Back Director 2.00
Director
$0 $0 $0
Andrew J Berg Director 2.00
Director
$0 $0 $0
Dr Mariama Grimes Director 2.00
Director
$0 $0 $0
Steven Shaw Director 2.00
Director
$0 $0 $0
Warren Eisenberg Director 2.00
Director
$0 $0 $0
Rory Greiss Secretary 10.00
Officer Director
$0 $0 $0
Jeffrey R Gural Director 2.00
Director
$0 $0 $0
A William Stein Director 2.00
Officer Director
$0 $0 $0
Llewellyn P Haden Jr Director 2.00
Director
$0 $0 $0
Jeremiah Lucey Director 2.00
Director
$0 $0 $0
Barry Mandel Director 2.00
Director
$0 $0 $0
Fenton Joseph Director 2.00
Director
$0 $0 $0
Danilo Rodriguez Director 2.00
Director
$0 $0 $0
Richard Saltzman Chairman 10.00
Officer Director
$0 $0 $0
Eugena Oh Treasurer 5.00
Officer Director
$0 $0 $0
Harlan Stone Vice Chair 5.00
Officer Director
$0 $0 $0
Stephanie Trump Director 2.00
Director
$0 $0 $0
S Steven Yang MD Director 2.00
Director
$0 $0 $0
Jonas Severe Director 2.00
Director
$0 $0 $0
Mansi Mehan Director 2.00
Director
$0 $0 $0
Peter Patch Director 2.00
Director
$0 $0 $0
Helen Lang Suskin Director 2.00
Director
$0 $0 $0
Michael Barrett Director 2.00
Director
$0 $0 $0
Selene Oh Director 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $4,231,942 $5,004,456 $3,361,156 $-772,514
2023 $4,241,764 $4,529,557 $3,458,390 $-287,793
2022 $3,475,384 $3,609,766 $3,608,291 $-134,382
2021 $3,609,855 $2,816,118 $4,280,533 $793,737
2020 $1,236,523 $1,107,280 $3,368,585 $129,243
2018 $1,673,033 $2,911,790 $3,183,897 $-1,238,757
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