Student Dream FY2023 filing

Tax-deductible

Brooklyn, NY501(c)(3)Community DevelopmentEIN 47-1062643Revenue $113K in FY2023

On file with the IRSstudentdream.org461 Dean St Apt 6m, 11217-4137 · Brooklyn, NYTax-exempt since Aug 2018Publicly supported charity — 170(b)(1)(A)(vi)

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Student Dream is a non-profit organization focused on entrepreneurship, investing and personal finance education for young adults, with the qualifications, experience and expertise necessary to effectively provide training to schools, organizations and individuals.

501(c)(3) charity; gifts are tax-deductible.
20¢ of each $1 spent went to programs.
$45K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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 4
filings with a surplus
Average deficit $893 a year · under 1% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
20%
of spending
Concern: 20% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$45K
to officers and key staff · 40% of spending
Concern: pay to officers and key staff is 40% of spending; over 30%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $46K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 4 voting members
Concern: none of 4 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$113K
-50% vs prior year
Spent
$113K
To programs
20%
Net assets
$32K
By yearFY2020–FY2025
Revenue
$113K
FY2023▼ -50%
Tap a bar for its year
Revenue by fiscal year
FY2020$59K
FY2021$108K
FY2022$226K
FY2023$113K
FY2024$78K
FY2025$18K
Expenses
$113K
FY2023▼ -44%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022$201K
FY2023$113K
FY2024$93K
FY2025$32K
Net assets
$32K
FY2023▲ +1.0%
Tap a bar for its year
Net assets by fiscal year
FY2020$33K
FY2021$7K
FY2022$31K
FY2023$32K
FY2024$17K
FY2025$3K

From the FY2023 Form 990 (year ending July 2023) · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2018.

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

Where the money goes

20 cents of each dollar spent went to programs.

Program services 20% · $23K Management & general 80% · $90K

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

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Who runs it and what they're paid

4 people listed on the 990; $45K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President
$44,520Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Directort
$0Pt VII · Sec A

Nena Ugwuomo’s $10K as President is at the 34th percentile of top reported officer pay among 168 <$100K community development 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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Nena Ugwuomo$10,100$34,800$44,520$43,965$37,244

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.

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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 15aNo

Programs and updates

Educates young adults in entrepreneurship, investing, and personal finance.

Questions for Student Dream

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Provided by the organization

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1 program · $23K · in their own filed words · FY2022
01

focused on entrepreneurship, investing and personal finance education for young adults, with the gualifications, exeerience and exeertise necessari to effectiveli erovide training to schools, organizations and individuals.

$23Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 2 funders$46K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$113K
Ln 12
Gifts and grantsLn 1h$100K
Fees for servicesLn 2g$13K
Money outPt IX
$113K
Ln 25
Programscol B$23K
Managementcol C$90K
Owns and owesPt X
$32K
net assets · Ln 32
Cash and savingsLn 1–2$32K
Total assetsLn 16$32K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$100K
Fees for servicesLn 2g$13K
Total revenueLn 12$113K
Assets in detailPt X, end of year
CashLn 1$32K
Cash and savings togetherLn 1–2$32K
Total assetsLn 16$32K
LiabilitiesLn 26$0
Net assetsLn 32$32K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJuly
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$31K$32K
Total assetsLn 16$31K$32K
LiabilitiesLn 26$0$0
Net assetsLn 32$31K$32K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
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$45K$22K$22K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$21K$21K
Management feesLn 11a$26K$490$26K
Legal feesLn 11b$0
Accounting feesLn 11c$2K$2K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$970$970
Advertising and promotionLn 12$524$86$438
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$9K$9K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$552$552
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$6K$45$6K
All other expensesLn 24e$0
Total functional expensesLn 25$113K$23K$90K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $18K$32K−$14K$3K 990 PDF
FY2024 $78K$93K−$15K$17K 990 PDF
FY2023 Viewing $113K$113K$304$32K 990 PDF
FY2022 $226K$201K$24K$31K 990 PDF
FY2021 $108K$7K 990 PDF
FY2020 $59K$33K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $112,930 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $225,815$99,582
I-9 Program service revenue$13,348
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $225,815$112,930
I-13 Grants and similar amounts paidPrior year $150$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $72,996$65,315
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $128,176$47,311
I-18 Total expensesPrior year $201,322$112,626
I-19 Revenue less expensesPrior year $24,493$304
Part VI · Governance 0 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $112,930 across 4 lines filed
VIII-1f All other contributions, gifts and grants$99,582
VIII-1h Total contributions, gifts and grants$99,582
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)$13,348
VIII-12 Total revenue$112,930
Part IX · Statement of functional expenses $112,626 across 30 lines filed
IX-1 Grants to domestic organizations$0
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 $22,252 · Management $22,252$44,504
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesManagement $20,811$20,811
IX-11a Management feesPrograms $490 · Management $26,000$26,490
IX-11b Legal fees$0
IX-11c Accounting feesManagement $2,095$2,095
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $970$970
IX-12 Advertising and promotionPrograms $86 · Management $438$524
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelManagement $9,384$9,384
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsManagement $552$552
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $1,102$1,102
IX-24 Other expenses (24a–d)Programs $45 · Management $6,149$6,194
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $22,873 · Management $89,753 · Fundraising $0$112,626
Part X · Balance sheet $31,787 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $31,483$31,787
X-16 Total assetsStart of year $31,483$31,787
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $31,483$31,787
X-32 Total net assets or fund balancesStart of year $31,483$31,787
X-33 Total liabilities and net assetsStart of year $31,483$31,787
Part XI · Reconciliation of net assets $31,787 net assets at year end
XI-1 Total revenue$112,930
XI-2 Total expenses$112,626
XI-3 Revenue less expenses$304
XI-4 Net assets at start of year$31,483
XI-10 Net assets at end of year$31,787

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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