I Have a Dream Foundation

Claim this org

(tell your story, add context, and more) Claim it free, then get the verified mark for $2,500 a year, plus $10 a year for the ID check.

How does your 990 look to donors? Take the 10-Question Audit

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

501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
Run by 277 volunteers and 45 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $55K a year · 2% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$708K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
1 mo
of spending, in cash
Plus $2.8M in investments, Pt X · Ln 11–13
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $244K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$981K
28% of total assets
Looks good: liabilities are 28% of assets; 50% or less.
Pt X · Ln 26
Independent board members
27
of 28 voting members
Looks good: 27 of 28 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.4M
+4% vs prior year
Spent
$4.5M
To programs
73%
Net assets
$2.5M
By yearFY2020–FY2025
Revenue
$4.4M
FY2025▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.2M
FY2021$3.6M
FY2022$3.5M
FY2023$4.2M
FY2024$4.2M
FY2025$4.4M
Expenses
$4.5M
FY2025▼ -11%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.1M
FY2021$2.8M
FY2022$3.6M
FY2023$4.5M
FY2024$5.0M
FY2025$4.5M
Net assets
$2.5M
FY2025▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.6M
FY2021$3.7M
FY2022$3.2M
FY2023$2.9M
FY2024$2.4M
FY2025$2.5M

From the FY2025 Form 990 (year ending August 2025) · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1995.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $3.2M Management & general 18% · $806K Fundraising 9% · $419K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

32 people listed on the 990; $708K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President & CEO
$215,537Pt VII · Sec A
Interim CEO
$184,202Pt VII · Sec A
Chief Program Officer
$159,021Pt VII · Sec A
Chief Operating Officer
$148,797Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Otis Hackney’s $216K as President & CEO is at the 90th percentile of top reported officer pay among 1147 $1–10M crime & legal nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Lori Canova$184,202$184,202$219,454———
Otis Hackney$215,537$215,537$32,845———
Eugena Oh——$193,834$190,500$193,833$179,049
Richard Rivera$159,021$159,021$155,066———
Nadira Saunders$148,797$148,797$136,585———
Janine Quijije—————$117,206
Danny Morris—$115,466$100,136———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See I Have a Dream Foundation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowers children from under-resourced communities to achieve higher education through tuition support and skill development.

Questions for I Have a Dream Foundation

Tap to ask. I Have a Dream Foundation sees how many people are interested.

Your first name shows with your question. I Have a Dream Foundation answers here, for everyone.

3 programs · $3.2M · in their own filed words · FY2024
01

The I Have A Dream Foundation supports a national network of Affiliates and Chapters serving 2,332 Dream Scholars through a long-term, cohort-based model designed to ensure students graduate from high school prepared to enroll in and complete postsecondary pathways and enter productive careers.

$3.2Mprogram expense
02

The "I Have A Dream" Foundation (IHDF) strengthens and continuously improves its evidence-informed, long-term program model to improve outcomes for Dream Scholars across its national network of Affiliates and Chapters.

Pt IX · col B
03

In 2024, the Foundation continued to strengthen its centralized data and performance management system to better track student outcomes, measure program effectiveness, and inform strategic decision-making across its national network.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 6 funders →
Grants paid · 33 grants · $1.2M · 2020–2024
See all 33 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$4.4M
Ln 12
Gifts and grantsLn 1h$4.3M
Investment incomeLn 3$168K
Fees for servicesLn 2g$58K
Money outPt IX
$4.5M
Ln 25
Programscol B$3.2M
Managementcol C$806K
Fundraisingcol D$419K
Owns and owesPt X
$2.5M
net assets · Ln 32
Cash and savingsLn 1–2$477K
Total assetsLn 16$3.5M
LiabilitiesLn 26$981K
PeoplePt VI, VII
32
listed · VII A
PaidVII A4
Voting boardVI 1a28
IndependentVI 1b27
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.3M
Government grantsLn 1e$503K
Fundraising eventsLn 1c$658K
Fees for servicesLn 2g$58K
Investment incomeLn 3$168K
Gains on assetsLn 7$100K
Total revenueLn 12$4.4M
Assets in detailPt X, end of year
CashLn 1$394K
SavingsLn 2$84K
Cash and savings togetherLn 1–2$477K
InvestmentsLn 11–13$2.8M
Land, buildings, equipmentLn 10c$14K
Other assetsLn 15$0
Total assetsLn 16$3.5M
LiabilitiesLn 26$981K
Net assetsLn 32$2.5M
OperationsPt I, VI
EmployeesI 545
VolunteersI 6277
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$188K$477K
InvestmentsLn 11–13$2.7M$2.8M
Land, buildings, equipmentLn 10c$19K$14K
Total assetsLn 16$3.4M$3.5M
LiabilitiesLn 26$914K$981K
Net assetsLn 32$2.4M$2.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$149K$149K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$216K$127K$39K$50K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$2.0M$1.5M$247K$164K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$511K$394K$67K$50K
Payroll taxesLn 10$167K$129K$22K$16K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$376K$51K$226K$100K
Advertising and promotionLn 12$0
Office expensesLn 13$93K$56K$37K$221
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$74K$46K$17K$12K
TravelLn 17$147K$111K$36K$79
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$6K$5K$479$957
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$686K$559K$105K$22K
All other expensesLn 24e$82K$69K$11K$3K
Total functional expensesLn 25$4.5M$3.2M$806K$419K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Jul 15, 2026 $4.4M$4.5M−$56K$2.5M 990 PDF
FY2024Filed with the IRS Jul 7, 2025 $4.2M$5.0M−$773K$2.4M 990 PDF
FY2023Filed with the IRS Jul 11, 2024 $4.2M$4.5M−$288K$2.9M 990 PDF
FY2022Filed with the IRS Jul 15, 2023 $3.5M$3.6M−$134K$3.2M 990 PDF
FY2021Filed with the IRS Jul 14, 2022 $3.6M$2.8M$794K$3.7M 990 PDF
FY2020Filed with the IRS Jul 15, 2021 $1.2M$1.1M$129K$2.6M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $4,410,194 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,336,416$4,296,550
I-9 Program service revenuePrior year $39,317$57,945
I-10 Investment incomePrior year $30,966$167,900
I-11 Other revenuePrior year −$174,757−$112,201
I-12 Total revenuePrior year $4,231,942$4,410,194
I-13 Grants and similar amounts paidPrior year $461,711$149,035
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $3,112,435$2,852,519
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,430,310$1,464,284
I-18 Total expensesPrior year $5,004,456$4,465,838
I-19 Revenue less expensesPrior year −$772,514−$55,644
Part VI · Governance 27 of 28 board members independent, no flags
VI-1a Voting members of the governing body28
VI-1b Independent voting members27
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,410,194 across 11 lines filed
VIII-1c Fundraising events$658,350
VIII-1e Government grants$502,566
VIII-1f All other contributions, gifts and grants$3,135,634
VIII-1h Total contributions, gifts and grants$4,296,550
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $57,945$57,945
VIII-3 Investment incomeRelated to mission $68,086$68,086
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $99,814$99,814
VIII-8 Net income from fundraising eventsExcluded from tax −$112,201−$112,201
VIII-12 Total revenueRelated to mission $225,845 · Excluded from tax −$112,201$4,410,194
Part IX · Statement of functional expenses $4,465,838 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $149,035$149,035
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $127,167 · Management $38,797 · Fundraising $49,573$215,537
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $1,546,844 · Management $247,396 · Fundraising $164,500$1,958,740
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $393,653 · Management $67,300 · Fundraising $50,341$511,294
IX-10 Payroll taxesPrograms $128,536 · Management $21,975 · Fundraising $16,437$166,948
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $50,613 · Management $225,881 · Fundraising $99,960$376,454
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $56,008 · Management $36,643 · Fundraising $221$92,872
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $45,550 · Management $16,553 · Fundraising $12,179$74,282
IX-17 TravelPrograms $110,689 · Management $35,931 · Fundraising $79$146,699
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $4,549 · Management $479 · Fundraising $957$5,985
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $559,052 · Management $104,864 · Fundraising $21,636$685,552
IX-24e All other expensesPrograms $69,024 · Management $10,593 · Fundraising $2,823$82,440
IX-25 Total functional expensesPrograms $3,240,720 · Management $806,412 · Fundraising $418,706$4,465,838
Part X · Balance sheet $3,477,675 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $108,543$393,926
X-2 Savings and temporary cash investmentsStart of year $79,372$83,501
X-3 Pledges and grants receivableStart of year $381,333$129,540
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $58,183$53,181
X-10c Land, buildings and equipment, netStart of year $19,044$14,282
X-11 Publicly traded securitiesStart of year $2,714,681$2,803,245
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $3,361,156$3,477,675
X-17 Accounts payable and accrued expensesStart of year $817,401$652,709
X-25 Other liabilitiesStart of year $96,536$328,355
X-26 Total liabilitiesStart of year $913,937$981,064
X-27 Net assets without donor restrictionsStart of year −$144,166$522,365
X-28 Net assets with donor restrictionsStart of year $2,591,385$1,974,246
X-32 Total net assets or fund balancesStart of year $2,447,219$2,496,611
X-33 Total liabilities and net assetsStart of year $3,361,156$3,477,675
Part XI · Reconciliation of net assets $2,496,611 net assets at year end
XI-1 Total revenue$4,410,194
XI-2 Total expenses$4,465,838
XI-3 Revenue less expenses−$55,644
XI-4 Net assets at start of year$2,447,219
XI-5 Net unrealized gains (losses) on investments$105,036
XI-10 Net assets at end of year$2,496,611

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.