Catching the Dream

Tax-deductible

Albuquerque, NM501(c)(3)EducationEIN 85-0360858Revenue $373K in FY2025

On file with the IRScatchingthedream.org8200 Mountain Rd Ne, 87110-7843 · Albuquerque, NMTax-exempt since Jun 1988Publicly supported charity — 170(b)(1)(A)(vi)

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Scholarship awards were made to high potential Native American Students for college study. Priorities are math, engineering, science, business, education and computers.

501(c)(3) charity; gifts are tax-deductible.
62¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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 5
filings with a surplus
Average deficit $1K a year · under 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
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 · $7K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$5K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$373K
-40% vs prior year
Spent
$390K
To programs
62%
Net assets
$2.4M
By yearFY2020–FY2025
Revenue
$373K
FY2025▼ -40%
Tap a bar for its year
Revenue by fiscal year
FY2020$404K
FY2021$384K
FY2022$409K
FY2024$626K
FY2025$373K
Expenses
$390K
FY2025▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$544K
FY2021$478K
FY2022$409K
FY2024$382K
FY2025$390K
Net assets
$2.4M
FY2025▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.8M
FY2021$2.2M
FY2022$1.8M
FY2024$2.3M
FY2025$2.4M

From the FY2025 Form 990 (year ending June 2025) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1988.

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

Where the money goes

62 cents of each dollar spent went to programs.

Program services 62% · $243K Management & general 25% · $98K Fundraising 13% · $49K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Regent
$0Pt VII · Sec A
$0Pt VII · Sec A

Dean Chavers’s $55K as Executive Director and Board is at the 47th percentile of top reported officer pay among 1613 $100K–1M education 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

NameFY2022FY2020
Dean Chavers$55,000$55,000

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

Awards scholarships to high-potential Native American students for college in STEM and business fields.

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Provided by the organization

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1 program · $243K · in their own filed words · FY2024
01

Scholarship awards were made to high potential Native American Students for college study. Priorities are math, engineering, science, business, education and computers.

$243Kprogram 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 · FY2025
Total grants receivedfrom 2 funders$7K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$373K
Ln 12
Gifts and grantsLn 1h$296K
Investment incomeLn 3$77K
Money outPt IX
$390K
Ln 25
Programscol B$243K
Managementcol C$98K
Fundraisingcol D$49K
Owns and owesPt X
$2.4M
net assets · Ln 32
Cash and savingsLn 1–2$109K
Total assetsLn 16$2.4M
LiabilitiesLn 26$5K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$296K
Investment incomeLn 3$77K
Total revenueLn 12$373K
Assets in detailPt X, end of year
CashLn 1$109K
Cash and savings togetherLn 1–2$109K
InvestmentsLn 11–13$2.3M
Land, buildings, equipmentLn 10c$529
Total assetsLn 16$2.4M
LiabilitiesLn 26$5K
Net assetsLn 32$2.4M
OperationsPt I, VI
EmployeesI 54
Fiscal year endsHeaderJune
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 FY25End FY25
Cash and savingsLn 1–2$108K$109K
InvestmentsLn 11–13$2.2M$2.3M
Land, buildings, equipmentLn 10c$774$529
Total assetsLn 16$2.3M$2.4M
LiabilitiesLn 26$7K$5K
Net assetsLn 32$2.3M$2.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$145K$145K
Other salaries and wagesLn 7$119K$48K$48K$24K
Other employee benefitsLn 9$12K$5K$5K$2K
Payroll taxesLn 10$15K$6K$6K$3K
Accounting feesLn 11c$10K$4K$4K$2K
Investment management feesLn 11f$24K$10K$10K$5K
Office expensesLn 13$11K$5K$5K$2K
OccupancyLn 16$29K$12K$12K$6K
TravelLn 17$873$349$349$175
Depreciation, depletion and amortizationLn 22$245$98$98$49
Other expenses (24a–d)Ln 24$16K$7K$7K$3K
All other expensesLn 24e$7K$3K$3K$1K
Total functional expensesLn 25$390K$243K$98K$49K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $373K$390K−$17K$2.4M 990 PDF
FY2024 $626K$382K$243K$2.3M 990 PDF
FY2023 Not on file
FY2022 $409K$409K$310$1.8M 990 PDF
FY2021 $384K$478K−$94K$2.2M 990 PDF
FY2020 $404K$544K−$139K$1.8M 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 FY2025 990 (6 parts)
Part I · Summary $372,940 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $576,639$295,704
I-9 Program service revenue$0
I-10 Investment incomePrior year $48,940$77,236
I-11 Other revenue$0
I-12 Total revenuePrior year $625,579$372,940
I-13 Grants and similar amounts paidPrior year $126,169$145,095
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $148,985$145,921
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $107,156$98,994
I-18 Total expensesPrior year $382,310$390,010
I-19 Revenue less expensesPrior year $243,269−$17,070
Part VI · Governance 8 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $372,940 across 5 lines filed
VIII-1f All other contributions, gifts and grants$295,704
VIII-1h Total contributions, gifts and grants$295,704
VIII-3 Investment incomeRelated to mission $77,236$77,236
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $77,236 · Unrelated business $0 · Excluded from tax $0$372,940
Part IX · Statement of functional expenses $390,010 across 12 lines filed
IX-2 Grants to domestic individualsPrograms $145,095$145,095
IX-7 Other salaries and wagesPrograms $47,519 · Management $47,519 · Fundraising $23,760$118,798
IX-9 Other employee benefitsPrograms $4,782 · Management $4,782 · Fundraising $2,390$11,954
IX-10 Payroll taxesPrograms $6,068 · Management $6,068 · Fundraising $3,033$15,169
IX-11c Accounting feesPrograms $3,983 · Management $3,983 · Fundraising $1,991$9,957
IX-11f Investment management feesPrograms $9,748 · Management $9,748 · Fundraising $4,875$24,371
IX-13 Office expensesPrograms $4,526 · Management $4,526 · Fundraising $2,263$11,315
IX-16 OccupancyPrograms $11,533 · Management $11,533 · Fundraising $5,767$28,833
IX-17 TravelPrograms $349 · Management $349 · Fundraising $175$873
IX-22 Depreciation, depletion and amortizationPrograms $98 · Management $98 · Fundraising $49$245
IX-24 Other expenses (24a–d)Programs $6,540 · Management $6,540 · Fundraising $3,272$16,352
IX-24e All other expensesPrograms $2,819 · Management $2,819 · Fundraising $1,410$7,048
IX-25 Total functional expensesPrograms $243,060 · Management $97,965 · Fundraising $48,985$390,010
Part X · Balance sheet $2,391,733 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $108,234$109,419
X-9 Prepaid expenses and deferred chargesStart of year $4,997$2,847
X-10c Land, buildings and equipment, netStart of year $774$529
X-11 Publicly traded securitiesStart of year $2,168,820$2,276,987
X-13 Program-related investmentsStart of year $1,951$1,951
X-16 Total assetsStart of year $2,284,776$2,391,733
X-17 Accounts payable and accrued expensesStart of year $6,519$4,855
X-26 Total liabilitiesStart of year $6,519$4,855
X-27 Net assets without donor restrictionsStart of year $1,810,222$1,835,560
X-28 Net assets with donor restrictionsStart of year $468,035$551,318
X-32 Total net assets or fund balancesStart of year $2,278,257$2,386,878
X-33 Total liabilities and net assetsStart of year $2,284,776$2,391,733
Part XI · Reconciliation of net assets $2,386,878 net assets at year end
XI-1 Total revenue$372,940
XI-2 Total expenses$390,010
XI-3 Revenue less expenses−$17,070
XI-4 Net assets at start of year$2,278,257
XI-5 Net unrealized gains (losses) on investments$125,691
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,386,878

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

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