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Dreamspring EIN 85-0417347

Dreamspring

EIN  85-0417347 Public charity (501(c)(3)) Albuquerque, NM Founded 1994
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 7/19/26 · see original filing: IRS
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Size
$1–10M
What they do
Provides loans, business credit, and training to underserved entrepreneurs to help them start, grow, and sustain successful small businesses.
Leadership
Anne Haines · President & CEO · $282K
Money in and out
$14.5M revenue, $14.3M expenses
Bottom line
88% program efficiency

Provides loans, business credit, and training to underserved entrepreneurs to help them start, grow, and sustain successful small businesses. For fiscal year 2024 it reported $14.5M in revenue, $14.3M in expenses, and $25.0M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$14.5M
Pt VIII · Ln 12
Total expenses
$14.3M
Pt IX · Ln 25
Net assets
$25.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $244K
Where spending went · Part IX cols B–D
Program services $0.88 Management & general $0.06 Fundraising $0.06
Program efficiency
88%
of spending reaches programs▼ -3% vs prior filing year
Operating runway
26.6mo
months of highly liquid reserves at operating expense rate▲ +127% vs prior filing year
Surplus margin
+2%
revenue over expenses, this year▲ +103% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$14.5M
FY2024▼ -1%
Expenses
$14.3M
FY2024▼ -38%
Total assets
$69.2M
FY2024▼ -4%
Total liabilities
$44.2M
FY2024▼ -7%
Total revenue
$14.5M
Pt VIII · Ln 12
Total expenses
$14.3M
Pt IX · Ln 25
Net assets
$25.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$244K
Total assetsPt X · Ln 16$69.2M
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

1 program service account for $12.6M of program spending, described in the organization's own filed words · FY2024.
01

Dreamspring provides tools to help small businesses operate, grow or start their business. We increase access to business credit, make loans and provide training to help entrepreneurs thrive. In 2024 dreamspring made 140 loans, for $9.74 million, that created or sustained 4,138 jobs.

$12.6Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CDreamspring
EINHdr · item D85-0417347
Principal addressHdr · item CAlbuquerque, NM
WebsiteHdr · item Jwww.dreamspringnm.org
Year of formationHdr · item L1994
State of legal domicileHdr · item MNM
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S43B)
Ruling yearIRS BMFAug 1995

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Anne Haines
President & CEO
$281,915Pt VII · Sec A
Suzette M Longfellow
Chief Financial Officer
$216,914Pt VII · Sec A
Marisa Barrera
Chief Impact Officer
$187,827Pt VII · Sec A
Margaret Smith
Chief Lending & Client Exp Officer
$173,285Pt VII · Sec A
Amber Marie Kani
Head of Stakeholder Engagement
$165,299Pt VII · Sec A
Analisa Smith
SR. Director of Finance
$134,662Pt VII · Sec A
Darcie Defoe
Director of Marketing
$133,992Pt VII · Sec A
Francisco Lopez
Chief Operations & Innovation Officer
$114,248Pt VII · Sec A

Anne Haines’s $282K as President & CEO is at the 84th percentile of top reported officer pay among 2834 $1–10M 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Anne Haines$281,915$262,716$298,427$262,152—
Francisco Lopez$114,248$233,736$251,909$212,241$178,625
Suzette M Longfellow$216,914$224,123$202,048——
Anne Haines Yatskowitz————$196,400
Marisa Barrera$187,827$187,058$186,459$165,535$137,648
Margaret Smith$173,285$178,750$183,192$156,033$116,356
Amber Marie Kani$165,299$153,749———
Brian Daskalovitz—$137,662$148,766——

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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Statement of Revenue

Part VIII
Program service revenue$6.3M · 43%
Contributions & grants$5.0M · 35%
Investment income$3.1M · 21%
Other revenue$117K · 1%
Program service revenue43%$6.3M
Contributions & grants35%$5.0M
Investment income21%$3.1M
Other revenue1%$117K
— government grantsLn 1e$2.3M
Total revenueLn 12$14.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.06 Fundraising $0.06
Program services88%$12.6M
Management & general6%$819K
Fundraising6%$834K
Total functional expensesLn 25$14.3M

Balance Sheet

Part X · end of year
CashLn 1$30.9M
Total assetsLn 16$69.2M
Total liabilitiesLn 26$44.2M
Total net assetsLn 32$25.0M
Months of cash on handcomputed25.9

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $31.7M · Operating expenses (Pt IX) $14.3M · Less non-cash grants $25K · Cash operating expenses/yr $14.3M
26.6 months
Where the money goes
Program services
Program services $12.6M · Total expenses $14.3M
88%
Management & General
Management & general $819K · Total expenses $14.3M
6%
Fundraising
Fundraising $834K · Total expenses $14.3M
6%
Cost to raise $1
Fundraising expense (3-yr avg) $863K · Solicited contributions (3-yr avg) $4.0M
$0.21 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $5.0M · Total revenue $14.5M
35%
Government reliance
Government grants $2.3M · Total revenue $14.5M
16%
Earned-income share
Program service revenue $6.3M · Total revenue $14.5M
43%
Investment reliance
Investment income $3.1M · Total revenue $14.5M
+21%
Program self-sufficiency
Program service revenue $6.3M · Total expenses $14.3M
44%
Growth & trend
Revenue growth (YoY)
This year $14.5M · Prior year $14.7M
-1%
Revenue CAGR
FY2020 $17.7M · FY2024 $14.5M
-5%
Net-asset trend (YoY)
End of year $25.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $14.5M · Expenses $14.3M
+2%
Liabilities-to-Assets
Total liabilities — · Total assets $69.2M
—
Net-asset ratio
Net assets $25.0M · Total assets $69.2M
36%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $775K · Other securities (Pt X, ln 12) $7K · Total assets (Pt X, ln 16) $69.2M
1%
People & payroll
Highest Reported Total Compensation
Individual Anne Haines · Reported title PRESIDENT & CEO · Highest reported compensation $282K · Total expenses $14.3M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $5.5M · Total expenses $14.3M
39%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 88%——
Overhead ratio 6%——
Fundraising cost ratio 17%——
Revenue growth -1%——
Investment management fee ratio 0%——
Legal fee ratio 1%——
Accounting fee ratio 1%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Jpmorgan Chase FoundationFY2024$250K
Target FoundationFY2024$250K
Fidelity FoundationFY2024$230K
New Mexico Multi-Cultural Foundation INCFY2024$100K
Great Rivers Community TrFY2024$91K
The Denver FoundationFY2024$75K
Truist Foundation Fka Suntrust FoundationFY2024$50K
United Way of Metropolitan Dallas INCFY2024$25K
Total grants receivedfrom 19 funders$1.2M
See all 19 funders →
Grants paid · 356 grants · $4.8M · 2020–2020
T & J Deli LLCFY2020$15,000
Symplex International LLCFY2020$15,000
Sweet Action Wash Park LLCFY2020$15,000
Sweet Action Manufactory LLCFY2020$15,000
Sweet Action Broadway LLCFY2020$15,000
Sunwater SpaFY2020$15,000
Sunnyside Drug INCFY2020$15,000
Sun Shine Colorado Painting LLCFY2020$15,000
Sukaris INCFY2020$15,000
Stephanie Jefferson LLCFY2020$15,000
Step LLCFY2020$15,000
Stefany's Cleaning ServiceFY2020$15,000
Steele Athletics LLCFY2020$15,000
Ss Walnut Cafe INCFY2020$15,000
Spin 3 ProductionsFY2020$15,000
Speech & Health LLCFY2020$15,000
Southern Renovations LLCFY2020$15,000
Soul Workings INCFY2020$15,000
See all 356 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$14.5M revenue · viewing · ⤓ 990 PDF
FY2023$14.7M revenue · ⤓ 990 PDF
FY2022$25.9M revenue · ⤓ 990 PDF
FY2021$25.3M revenue · ⤓ 990 PDF
FY2020$17.7M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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