FOLLOW YOUR DREAM FOUNDATION INC

EIN: 383581515 501(c)(3) International Affairs

NEW YORK, NY

Total Revenue
$45,679,342
Total Expenses
$25,506,103
Total Assets
$43,670,233
Net Assets
$36,946,476
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
NY
Principal Officer
Jeremy Hockenstein
Phone
2124613703
Tax Period
2022-07-01 to 2023-06-30

FOLLOW YOUR DREAM FOUNDATION INC, founded in 2004, is a mid-sized nonprofit in the International Affairs sector that reported $45.7M in total revenue in fiscal year 2022. Revenue surged 214% from the prior year, signaling strong growth momentum. The organization ran a surplus of $20.2M, a strong 44% operating margin.

Mission

To create better futures for disadvantaged people

Program Service Accomplishments

Program 1
Expenses: $25,089,718

Running the Livelihood Impact Fund program, which provides grants and loans and intensive consulting support for organizations working to increase incomes for the poor.As part of the Livelihood...

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Running the Livelihood Impact Fund program, which provides grants and loans and intensive consulting support for organizations working to increase incomes for the poor.As part of the Livelihood Impact Fund program, Follow Your Dream has a team of staff, consultants and volunteers who work closely with our grantees. This team has specialized skills and expertise in a range of relevant areas. They provide capacity building support to our grantees and also oversee our research grants. In some areas, such as our eyeglass initiative, our director supervises and directs the activities of grantee organizations as part of our work to significantly increase the number of reading glasses distributed to low-income people. In these cases, grantees conduct activities under the general direction and supervision of Follow Your Dream.DDD has made program-related investments in several for-profit social enterprises, such as Kuza Koolers, Rashak and Farmworks. In these cases, we work closely with the organizations to build their capacity and help them strengthen their long-term impact.

Program 2
Expenses: $114,531

Running programs to benefit poor youth in Cambodia

Program 3
Expenses: $86,352

Providing educational scholarships and mentorship

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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 (2022)

Revenue Breakdown

Contributions & Grants $45,092,822
Program Service Revenue $0
Investment Income $586,520
Other Revenue $0
TOTAL REVENUE $45,679,342

Expense Breakdown

Grants Paid $23,201,613
Salaries & Benefits $1,214,780
Fundraising Expenses $0
Program Expenses $25,290,601
Other Expenses $1,089,710
TOTAL EXPENSES $25,506,103

Year-over-Year Comparison

2022 2021 Change
Revenue $45,679,342 $14,548,416 +2.1%
Expenses $25,506,103 $6,127,607 +3.2%
Net Income $20,173,239 $8,420,809 +1.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
2
Employees
N/A
Volunteers
4

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
2
$0
Total Directors
4
$25,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Amolo Ngweno Director 1.00
Director
$25,000 $0 $25,000
Jeremy Hockenstein President/Treas 5.00
Officer Director
$0 $0 $0
Vernon Naidoo Secretary 1.00
Officer Director
$0 $0 $0
Sari Miller Director 1.00
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
2024 No data No data No data No data
2024 No data No data No data No data
2023 $45,679,342 $25,506,103 $43,670,233 $20,173,239
2022 $14,548,416 $6,127,607 $16,436,926 $8,420,809
2021 $8,820,506 $825,228 $8,014,221 $7,995,278
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