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,AND LOCAL NON PROFIT ORGANIZATIONS THAT SHARE IN THE CORE AMERICAN VALUES OF EQUAL OPPORTUNITIES THAT ENHANCE ACCESS TO EDUCATION, HEALTH

🔒

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
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.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.