I HAVE A DREAM FOUNDATION Charity Report

Public IRS 990 nonprofit record

I HAVE A DREAM FOUNDATION

EIN 13-3355315 · International, Foreign Affairs & National Security (I99Z)

What they do

The I Have A Dream Foundation (IHDF) is A National Nonprofit That Expands Educational Opportunity for Children In Under-resourced Communities Through A Long-term, Cohort-based Model That Supports Dream Scholars From First Grade Through First Job. Working Through A National Network of Affiliates and Chapters, IHDF Provides Individualized Academic Support, Social-emotional Learning, Family Engagement, College and Career Readiness Programming, and Guaranteed Scholarship Assistance for Postsecondary Pathways. In 2024, The Foundation Supported 2,332 Dream Scholars Nationwide and Remained Connected to A Community of More Than 20,000 Dream Scholar Alumni. Through More Than 45 Years of Experience, IHDF Has Developed An Evidence-informed Model That Helps Students Enroll In, Persist Through, and Complete Postsecondary Education While Building The Skills, Confidence, Relationships, and Opportunities Needed for Lifelong Success and Upward Economic Mobility. IHDF Continues to Strengthen Its Model B

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $72.60 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders32 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

73.48%of revenue went to mission work72.6% of expenses · Program services

9.49%of revenue went to fundraising9.4% of expenses

$101.26spent for every $100 of revenueSpending was higher than revenue this year.

18.29%of revenue went to management and office costs18.1% of expenses

$0.78in assets for every $1 spent this yearSome assets cannot be spent right away.

97.4%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $55,644 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $264,580 for OTIS HACKNEY (PRESIDENT & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$4,410,194

Mission workProgram services$3,240,72073.48% of revenue72.6% of expenses

ManagementOffice and general costs$806,41218.29% of revenue18.1% of expenses

FundraisingAsking for donations$418,7069.49% of revenue9.4% of expenses

Total expenses$4,465,838101.26% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 72.6% mission · 18.1% management · 9.4% fundraisingTotal expenses: 101.26% of revenue

2023Expense mix: 78.2% mission · 17.6% management · 4.3% fundraisingTotal expenses: 118.25% of revenue

2022Expense mix: 70.9% mission · 20.9% management · 8.3% fundraisingTotal expenses: 106.78% of revenue

2021Expense mix: 67.4% mission · 22.2% management · 10.5% fundraisingTotal expenses: 103.87% of revenue

2020Expense mix: 75.1% mission · 15.2% management · 9.7% fundraisingTotal expenses: 78.01% of revenue

2019Expense mix: 64.6% mission · 20.2% management · 15.3% fundraisingTotal expenses: 89.55% of revenue

2017Expense mix: 69.9% mission · 15.0% management · 15.1% fundraisingTotal expenses: 174.04% of revenue

2016Expense mix: 64.1% mission · 10.4% management · 25.5% fundraisingTotal expenses: 54.84% of revenue

Money in and money out

Revenue$4,410,194

Expenses$4,465,838

Annual shortfall $55,644 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$3,240,720 · 72.6% of expenses

Management and office costs$806,412 · 18.1% of expenses

Fundraising$418,706 · 9.4% of expenses

See all reported dollar amounts

Revenue$4,410,194

Expenses$4,465,838

Assets$3,477,675

Income$4,433,138

Contributions$4,296,550

Mission work (program services)$3,240,720

Fundraising$418,706

Grants given$1,663,125

Average grant$41,578

Management and general$806,412

Executive compensation (total)$368,356

Stocks and bonds$2,803,245

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

OTIS HACKNEYPRESIDENT & CEO · 40 hrs/week $264,580Base $215,537 · Other $49,043

LORI CANOVAINTERIM CEO $207,362Base $184,202 · Other $23,160

NADIRA SAUNDERSCHIEF OPERATING OFFICER $197,840Base $148,797 · Other $49,043

RICHARD RIVERACHIEF PROGRAM OFFICER $161,217Base $159,021 · Other $2,196

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (32)

OTIS HACKNEYPRESIDENT & CEO

LORI CANOVAINTERIM CEO

NADIRA SAUNDERSCHIEF OPERATING OFFICER

RICHARD RIVERACHIEF PROGRAM OFFICER

RONALD TERWILLIGERDIRECTOR

MICHAEL BARRETTDIRECTOR

PAIGE GRAVESDIRECTOR

PETER PATCHDIRECTOR

RICHARD SALTZMANCHAIRMAN

MARK FORNASIERODIRECTOR

RORY GREISSSECRETARY

S STEVEN YANG MDDIRECTOR

STEPHANIE TRUMPDIRECTOR

STEVEN SHAWDIRECTOR

TONY DISPIGNODIRECTOR

VINCE BALLARDDIRECTOR

WARREN EISENBERGDIRECTOR

A WILLIAM STEINDIRECTOR

MANSI MEHANDIRECTOR

LLEWELLYN P HADEN JRDIRECTOR

LIANNE FRIEDMANDIRECTOR

JONAS SEVEREDIRECTOR

JEREMIAH LUCEYDIRECTOR

JEFFREY R GURALDIRECTOR

HELEN LANG SUSKINDIRECTOR

HARLAN STONEVICE CHAIR

GREGORY F BACKDIRECTOR

FENTON JOSEPHDIRECTOR

EUGENA OHTREASURER

DANILO RODRIGUEZDIRECTOR

BARRY MANDELDIRECTOR

ANDREW J BERGDIRECTOR

About this charity

Recognized since: January 1995
Location: 322 Eighth Avenue 201, New York, NY 10001
County: New York
In care of: Lori Canova
Primary officer: Lori Canova, Interim CEO

How to reach them

WebsiteVisit the charity’s website Emailinfo@ihaveadreamfoundation.org Phone(917) 423-6690

Filing and classification

Latest tax year: 2024
Tax period began: September 1, 2024
Return type: 990
Tax preparer: HAYNIE & COMPANY
NTEE classification: International, Foreign Affairs & National Security (I99Z)
IRS tax category: Educational Support Services
Grant-giving organization: Yes