DREAM PROJECT INC

EIN: 451869894 501(c)(3) Education

ARLINGTON, VA

Total Revenue
$825,848
Total Expenses
$780,531
Total Assets
$1,115,613
Net Assets
$906,996
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
VA
Principal Officer
ROBERT REMES
Phone
7036721541
Tax Period
2022-07-01 to 2023-06-30

DREAM PROJECT INC, founded in 2011, is a small nonprofit in the Education sector that reported $826K in total revenue in fiscal year 2022. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $781K left a modest 5% surplus.

Mission

DREAM PROJECTS EMPOWERS STUDENTS WHOSE IMMIGRATION STATUS CREATES BARRIERS TO EDUCATION BY WORKING WITH THEM TO ACCESS AND SUCCEED IN COLLEGE THROUGH SCHOLARSHIPS, MENTORING, FAMILY ENGAGEMENT, AND ADVOCACY

Program Service Accomplishments

Program 1
Expenses: $435,750

STUDENT AID: THE DREAM PROJECT AWARDS RENEWABLE COLLEGE SCHOLARSHIPS TO STUDENTS WHOSE IMMIGATION STATUS CREATES BARRIERS TO EDUCATION IN VIRGINIA. THE DREAM SCHOLARSHIP IS AWARDED TO TALENTED...

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STUDENT AID: THE DREAM PROJECT AWARDS RENEWABLE COLLEGE SCHOLARSHIPS TO STUDENTS WHOSE IMMIGATION STATUS CREATES BARRIERS TO EDUCATION IN VIRGINIA. THE DREAM SCHOLARSHIP IS AWARDED TO TALENTED IMMIGRANT STUDENTS WHO DEMONSTRATE ACADEMIC ACHIEVEMENT, LEADERSHIP, COMMUNITY INVOLVEMENT AND PERSEVERANCE IN THE FACE OF ADVERSITY.

Program 2
Expenses: $55,983

MENTORING: THE DREAM PROJECT ALSO PROVIDES A MENTORING PROGRAM FOR HIGH SCHOOL SENIORS AND COMMUNITY COLLEGE SCHOLARS WHO ARE TRANSFERRING TO A FOUR-YEAR UNIVERSITY. FROM SEPTEMBER TO MAY...

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MENTORING: THE DREAM PROJECT ALSO PROVIDES A MENTORING PROGRAM FOR HIGH SCHOOL SENIORS AND COMMUNITY COLLEGE SCHOLARS WHO ARE TRANSFERRING TO A FOUR-YEAR UNIVERSITY. FROM SEPTEMBER TO MAY PARTICIPANTS MEET ON TUESDAY EVENINGS WITH OUR TEAM OF STAFF AND MENTORS. FOLLOWING GROUP DISCUSSIONS AND WORKSHOPS, MENTEES AND THEIR ADVISORS MEET ONE-ON-ONE TO ADDRESS THE SPECIFICS OF THE STUDENT'S COLLEGE ADMISSIONS PROCESS. MENTORS ARE A CONFIDENTIAL RESOURCE, INFORMED ON HOW COLLEGE ADMISSIONS WORK FOR NONCITIZENS, WHO STUDENTS CAN COUNT ON TO SEE THEM THROUGH THIS JOURNEY TO HIGHER EDUCATION.

Program 3
Expenses: $91,976

SCHOLAR, ALUMNI AND FAMILY SUPPORT:DREAM PROJECT SCHOLARSHIP RECIPIENTS, COLLEGE GRADUATES AND THEIR FAMILIES ARE ADDITIONALLY SUPPORTED BY THE ORGANIZATION THROUGH ACTIVITIES AND PROGRAMMING...

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SCHOLAR, ALUMNI AND FAMILY SUPPORT:DREAM PROJECT SCHOLARSHIP RECIPIENTS, COLLEGE GRADUATES AND THEIR FAMILIES ARE ADDITIONALLY SUPPORTED BY THE ORGANIZATION THROUGH ACTIVITIES AND PROGRAMMING DESIGNED TO HELP THEM SUCCEED IN COLLEGE AND CAREERS. A. THE DREAM PROJECT PARTNERS WITH AN ORGANIZATION CALLED BEYOND 12 TO PROVIDE PERSONALIZED COLLEGE COACHING SERVICES TO HELP STUDENTS THRIVE IN COLLEGE AND BEYOND. THESE SERVICES ARE PROVIDED TO ALL FRESHMAN STUDENTS AS WELL AS SELECTED SOPHOMORES AND STUDENTS WHO ARE TRANSFERRING FROM TWO- TO FOUR-YEAR COLLEGES. MOST DREAM PROJECT STUDENTS ARE THE FIRST IN THEIR FAMILIES TO ATTEND COLLEGE, SO THIS COACHING SERVICE IS OFTEN CRITICAL FOR THEIR SUCCESS. B.THE DREAM PROJECT HOSTS AN ANNUAL DREAM SUMMIT FOR THESE STUDENTS AND YOUNG GRADUATES. THIS WEEKLONG ANNUAL EVENT ATTRACTS 150 SCHOLARS, ALUMS, AND PARENTS. THE SUMMIT BEGAN AS A PROGRAM FOR CURRENT AND FORMER DREAM SCHOLARS AND MENTEES, BUT RECENTLY, WE CREATED A SECOND, SEPARATE SUMMIT FOR PARENTS. WE PROVIDE A SAFE SPACE FOR ALL TO BE EMPOWERED BY THEIR IMMIGRANT EXPERIENCE AND BOND WITH PEERS. AN IN-PERSON KICK-OFF EVENT OFFERS OPPORTUNITIES FOR THESE GROUPS TO MEET AND NETWORK. COMMUNITY LEADERS AND PROFESSIONALS LEAD DIFFERENT, HIGH-QUALITY EDUCATIONAL AND INSPIRATIONAL TRACKS. ALUMNI WORKSHOPS INCLUDE RESUME OPTIMIZATION, INTERVIEW SKILLS, FINANCIAL LITERACY, AND WORKFORCE READINESS. TOPICS FOR SCHOLARS INCLUDE FINANCIAL AID, TRANSFERRING COLLEGES, NAVIGATING GRADUATE SCHOOL, NETWORKING, TIME MANAGEMENT, AND CAREER COACHING. PARENTS OF OUR SCHOLARS AND ALUMS PARTICIPATE IN WORKSHOPS SUCH AS ACCESSING COMMUNITY RESOURCES, MINDFULNESS, AND IMMIGRATION LAW AND POLICY CHANGES. C.THE DREAM PROJECT EMPLOYS A CASE MANAGER WHO CONNECTS STUDENTS WITH OTHER COMMUNITY AND GOVERNMENT RESOURCES WHICH PROVIDE ADDITIONAL RENT, FOOD, AND PHYSICAL AND MENTAL HEALTH SUPPORT AND SERVICES. SOME OF THESE SERVICES ARE INTERNAL TO THE DREAM PROJECT INCLUDING: D.THE MOLLY AND JOSEPH HERMAN DREAM SCHOLAR LOAN FUND PROVIDES INTEREST FREE LOANS TO ELIGIBLE STUDENTS TO PAY FOR UNEXPECTED EMERGENCIES, AS WELL AS DACA APPLICATION FEES PAYABLE ONLY TO USCIS. STUDENTS MAY RECEIVE MULTIPLE LOANS, EACH LOAN UP TO $2000 AND ONLY PAYABLE DIRECTLY TO THE SCHOOL, FOR UNDERGRADUATE AND GRADUATE EDUCATIONAL EXPENSES. REPAYMENT FOR NON-DACA LOANS COMMENCES AFTER GRADUATION AND SHOULD BE COMPLETED WITHIN TWO YEARS, THOUGH THE COMMITTEE MAY IMPOSE OTHER TERMS OR CONDITIONS. DACA LOANS ARE REPAID IN MONTHLY INSTALLMENTS OVER FIVE MONTHS. E.THE DREAM PROJECT WORKS TO CREATE SYSTEMIC CHANGE AND PROMOTES DIVERSITY, EQUITY, AND INCLUSION BY EMPOWERING YOUNG IMMIGRANT ADULTS TO LEAD COMMUNITY INITIATIVES THAT ADVOCATE FOR CHANGE IN THE INFRASTRUCTURE. THIS IS ACCOMPLISHED THROUGH PARTICIPATION IN COMMUNITY COALITIONS/GROUPS, AND EDUCATIONAL EVENTS AND THE FORMATION OF THE LEADERSHIP COUNCIL. THE LEADERSHIP COUNCIL IS AN OPPORTUNITY FOR OUR ALUMNI WHO ARE ESPECIALLY INTERESTED IN BECOMING LEADERS IN THEIR FIELD. THIS PROGRAM RECRUITS FORMER DREAM SCHOLARS THAT ARE INTERESTED IN STRENGTHENING THEIR LEADERSHIP AND SELF-ADVOCACY SKILLS. IN ADDITION TO GAINING A SENSE OF COMMUNITY, OUR LEADERSHIP COUNCIL ATTENDS EXCLUSIVE ADVOCACY WORKSHOPS AND GAINS VALUABLE NETWORKING OPPORTUNITIES THROUGH SPEAKING WITH POLITICIANS AND BUSINESS PROFESSIONALS. MEMBERS OF OUR LEADERSHIP COUNCIL CAN ALSO CHOOSE TO TAKE A MORE ACTIVE ROLE IN THE EVENTS AND OPERATIONS OF THE DREAM PROJECT. O EMERGENCY RELIEF AND MENTAL HEALTH FUND, WHICH PROVIDES GRANTS TO HELP STUDENTS PAY FOR RENT, FOOD, UTILITIES, AND HEALTHCARE IF COMMUNITY RESOURCES ARE NOT AVAILABLE. O COMPUTER SUPPORT PROVIDING COMPUTERS TO STUDENTS IN NEED.

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Trantor Score

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $813,658
Program Service Revenue $0
Investment Income $12,190
Other Revenue $0
TOTAL REVENUE $825,848

Expense Breakdown

Grants Paid $356,800
Salaries & Benefits $303,132
Fundraising Expenses $88,571
Program Expenses $648,880
Other Expenses $120,599
TOTAL EXPENSES $780,531

Year-over-Year Comparison

2022 2021 Change
Revenue $825,848 $741,818 +0.1%
Expenses $780,531 $628,892 +0.2%
Net Income $45,317 $112,926 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
19
Independent Members
19
Employees
5
Volunteers
N/A

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
4
$78,210
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAWN CUTLER BOARD MEMBER 0.00
Director
$0 $0 $0
NATALY MONTANO VARGAS BOARD MEMBER 0.00
Director
$0 $0 $0
ROXANA MONTANO BOARD MEMBER 0.00
Director
$0 $0 $0
MARK HABEEB SECRETARY 0.00
Officer Director
$0 $0 $0
ANN KENNEDY MENTORING CHAIR 0.00
Director
$0 $0 $0
CINTHIA FERNHOLZ BOARD MEMBER 0.00
Director
$0 $0 $0
MONICA BURGOS BOARD MEMBER 0.00
Director
$0 $0 $0
JEFF MILES BOARD MEMBER 0.00
Director
$0 $0 $0
GUSTAVO MINAYA BOARD MEMBER 0.00
Director
$0 $0 $0
MARIE PRICE BOARD MEMBER 0.00
Director
$0 $0 $0
ROBERT REMES TREASURER 0.00
Officer Director
$0 $0 $0
DAVID SPRINBERG BOARD MEMBER 0.00
Director
$0 $0 $0
DAVID ROTHWELL BOARD MEMBER 0.00
Director
$0 $0 $0
ROBERT SMITH BOARD MEMBER 0.00
Director
$0 $0 $0
EMMA VIOLAND SANCHEZ CHAIR 0.00
Director
$0 $0 $0
JULIE ZALKIND VICE CHAIR 0.00
Officer Director
$0 $0 $0
TIM LAWLER BOARD MEMBER 0.00
Director
$0 $0 $0
NANCY MCELDOWNEY BOARD MEMBER 0.00
Director
$0 $0 $0
MEG TUCCILLO BOARD MEMBER 0.00
Director
$0 $0 $0
BRYAN VIERA BOARD MEMBER 1.00
Director
$0 $0 $0
KAREN VALLEJOS EXECUTIVE DIRECTOR 1.00
Officer
$71,400 $6,810 $78,210
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 No data No data No data No data
2023 $825,848 $780,531 $1,115,613 $45,317
2022 $741,818 $628,892 $905,831 $112,926
2021 $742,281 $529,991 $756,253 $212,290
2020 $644,445 $441,884 $583,378 $202,561
2019 $421,694 $339,455 $334,764 $82,239
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