THE NEW AMERICAN DREAM FOUNDATION INC

EIN: 811540774 501(c)(3) Philanthropy & Grantmaking

DANBURY, CT

Total Revenue
$242,489
Total Expenses
$207,043
Total Assets
$199,916
Net Assets
$196,003
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
CT
Principal Officer
CELIA BACELAR PALMARES
Phone
2037300457
Tax Period
2024-01-01 to 2024-12-31

THE NEW AMERICAN DREAM FOUNDATION INC, founded in 2016, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $242K in total revenue in fiscal year 2024. Expenses of $207K left a modest 15% surplus.

Mission

TO PROVIDE SCHOLARSHIPS AND FINANCIAL INCENTIVES FOR STUDENTS, VETERANS, PERSONS OF THE YEAR, AND LOCAL NON-PROFIT ORGANIZATIONS THAT SHARE IN THE CORE AMERICAN VALUES OF EQUAL OPPORTUNITY, AND FREEDOM IN THE AREAS OF EDUCATION, HEALTH AND CIVIC ENGAGEMENT.

Program Service Accomplishments

Program 1

THE NEW AMERICAN DREAM FOUNDATION, INC. (TNADF) IS A NON-PROFIT 501(C)(3) ORGANIZATION ESTABLISHED IN 2016 BY THE BACELAR-PALMARES FAMILY. IT SERVES AS THE PHILANTHROPIC BRANCH OF THE TRIBUNA...

Read more

THE NEW AMERICAN DREAM FOUNDATION, INC. (TNADF) IS A NON-PROFIT 501(C)(3) ORGANIZATION ESTABLISHED IN 2016 BY THE BACELAR-PALMARES FAMILY. IT SERVES AS THE PHILANTHROPIC BRANCH OF THE TRIBUNA NEWSPAPER, A TRILINGUAL PUBLICATION FOUNDED BY THE FAMILY IN 1999. THE AMERICAN DREAM AWARDS GALA IS THE MAIN FUNDRAISING EVENT FOR THE TNADF. SINCE ITS INCEPTION, TNADF'S AMERICAN DREAM AWARDS HAVE BEEN AWARDED TO 30 STUDENTS OF THE YEAR, 5 PERSONS OF THE YEAR, 5 VETERANS OF THE YEAR, AND 6 NON-PROFIT ORGANIZATIONS. THIS EFFORT HAS RESULTED IN A TOTAL OF $92,000 IN SCHOLARSHIPS AND FINANCIAL INCENTIVES, MADE POSSIBLE THROUGH THE ONGOING COMMITMENT AND SUPPORT OF OUR SPONSORS AND DONORS. A PORTION OF THE PROCEEDS FROM THE ANNUAL GALA TICKET SALES HAS BEEN DONATED TO NUVANCE HEALTH (DANBURY HOSPITAL) FOR THE PAST EIGHT YEARS. THIS CONTRIBUTION HELPS SUBSIDIZE PART OF THE COST OF MISSION HEALTH DAY, AN EVENT THAT PROVIDES WELLNESS SERVICES THROUGH A PARTNERSHIP BETWEEN DANBURY HOSPITAL AND TNADF. THE GOAL OF MISSION HEALTH DAY IS TO OFFER FREE HEALTHCARE TREATMENT TO THE LOCAL UNDERINSURED AND UNISURED POPULATION. TO DATE, THE TOTAL AMOUNT RAISED AND DONATED TO THE DANBURY HOSPITAL/NUVANCE HEALTH PRORGAM IS $124,800. BETWEEN SCHOLARSHIPS, FINANCIAL INCENTIVES TO INDIVIDUALS AND LOCAL NON-PROFIT ORGANIZATIONS, AND DONATIONS TO DANBURY HOSPITAL/NUVANCE HEALTH, TNADF HAS DISTRIBUTED $228,050. SINCE THE EVENT'S INCEPTION. IN APRIL 2020, TNADF POSTPONED ITS ANNUAL SCHOLARSHIP GALA TO FOCUS ON ADDRESSING THE IMMEDIATE NEEDS OF THE COMMUNITY DURING COVID-19 PANDEMIC. AS PART OF THIS EFFORT, TNADF LAUNCHED THE COVID-19 HOT MEALS PROGRAM, WHICH INITIALLY SERVED CHILDREN AND FAMILIES, AND LATER EXPANDED TO SENIORS WITH DISABILITIES RESIDING IN EIGHT LOCAL SENIOR FACILITIES IN DANBURY-KIMBERLY PLACE, DANBURY TOWERS, PALACE VIEW, BISHOP CURTIS , PUTNAM TOWERS, GLEN APARTMENTS, CROSBY MANOR, AND DANBURY COMMONS, THIS ONGOING SENIOR HOT MEALS PROGRAM CURRENTLY PROVIDES 650 MEALS EACH MONTH TO THESE FACILITIES. TO DATE, TNADF HAS RAISED OVER $235,000 THROUGH SMALL ONLINE CONTRIBUTIONS FROM INDIVIDUALS, AS WELL AS GRANTS FROM LOCAL, FEDERAL, AND GLOBAL CORPORATIONS AND ORGANIZATIONS, AND HAS DELIVERED MORE THAN 45,000 MEAS. THROUGH THIS PROGRAM, COMMUNITY MEMBERS CAN VOLUNTEER AND CONTRIBUTE TO THE DESCENDANTS OF EARLIER IMMIGRANTS, ON WHOSE FOUNDATION EVERY NEW COMMUNITY STANDS THE NEW AMERICAN DREAM CENTER ANNUAL REPORT FOR 2024 CAN BE FURNISHED UPON REQUEST

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $242,440
Program Service Revenue $0
Investment Income $49
Other Revenue $0
TOTAL REVENUE $242,489

Expense Breakdown

Grants Paid $0
Salaries & Benefits $51,000
Fundraising Expenses $0
Other Expenses $156,043
TOTAL EXPENSES $207,043

Year-over-Year Comparison

2024 2023 Change
Revenue $242,489 $230,817 +0.1%
Expenses $207,043 $186,535 +0.1%
Net Income $35,446 $44,282 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
N/A
Independent Members
N/A
Employees
2
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CELIA BACELAR PALMARES PRESIDENT 5.00
Officer
$0 $0 $0
EMANUELA PALMARES VICE PRESIDENT 5.00
Officer
$0 $0 $0
GENILSON PALMARES TREASURER/SECRETARY 5.00
Officer
$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 $242,489 $207,043 $199,916 $35,446
2023 $230,817 $186,535 $163,623 $44,282
Explore More Nonprofits
Top 100 Nonprofits in Connecticut Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare THE NEW AMERICAN DREAM FOUNDATION INC with other nonprofits in Connecticut and across the country.