Honor Your Dreams Foundation INC FY2023 filing

Tax-deductible

Brooklyn, NY501(c)(3)Since 2020Community DevelopmentEIN 85-1137904Revenue $304K in FY2023

On file with the IRShonoryourdreams.org299 Van Buren St Apt 2a, 11221-7879 · Brooklyn, NYTax-exempt since Jun 2020Publicly supported charity — 170(b)(1)(A)(vi)

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Honor Your Dreams Foundation, INC. Is a nonprofit unlocking economic mobility for low-income students through transformative workforce development, mentorship, and scholarships. We partner with leading employers and partners to connect young people with paid internships, skill-building opportunities, and capital to launch their careers, equipping them to turn Dreams and ambitions into dollars and achievements

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
$41K 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
FY2026
latest Form 990
Looks good: the latest return is for FY2026, this tax year; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average deficit $1K 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
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$41K
to officers and key staff · 23% of spending
Worth a look: pay to officers and key staff is 23% of spending; over 20%.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 10.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $115K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$4K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$304K
+67% vs prior year
Spent
$182K
To programs
92%
Net assets
$236K
By yearFY2021–FY2026
Revenue
$304K
FY2023▲ +67%
Tap a bar for its year
Revenue by fiscal year
FY2021$47K
FY2022$182K
FY2023$304K
FY2024$571K
FY2025$268K
FY2026$112K
Expenses
$182K
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022Not on file
FY2023$182K
FY2024$431K
FY2025$462K
FY2026$185K
Net assets
$236K
FY2023▲ +107%
Tap a bar for its year
Net assets by fiscal year
FY2021$34K
FY2022$114K
FY2023$236K
FY2024$375K
FY2025$181K
FY2026$108K

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

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2026) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2026. IRS ruling in Jun 2020.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $167K Management & general 8% · $15K

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

11 people listed on the 990; $41K 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
$41,020Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Compliance Officer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Josue De Paz’s $83K as President is at the 59th percentile of top reported officer pay among 1709 $100K–1M 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

NameFY2026FY2025FY2024FY2023FY2022
Josue De Paz$83,176$90,625$77,252$41,020$50,000

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.

See Honor Your Dreams Foundation INC executive salaries →

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides free tech, broadband, training, and mentorship to help low-income NYC students achieve academic and career goals.

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Provided by the organization

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2 programs · $167K · in their own filed words · FY2022
01

We provide a free talent accelerator fellowship program that provides technology and broadband access, mentorship, digital skills training, and insight into career pathways; showing low-income high school students the opportunities that exist and guiding them on how to attain them, equalizing the academic and professional playing fields.

$158Kprogram expense
02

Community Partner Program

We provide technology to high school and college students in need in the NYC community through community partners.

$9Kprogram 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 · FY2024
See all 7 funders →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$304K
Ln 12
Gifts and grantsLn 1h$298K
Fees for servicesLn 2g$6K
Money outPt IX
$182K
Ln 25
Programscol B$167K
Managementcol C$15K
Owns and owesPt X
$236K
net assets · Ln 32
Cash and savingsLn 1–2$157K
Total assetsLn 16$240K
LiabilitiesLn 26$4K
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$298K
Noncash giftsLn 1g$65K
Fees for servicesLn 2g$6K
Total revenueLn 12$304K
Assets in detailPt X, end of year
CashLn 1$157K
Cash and savings togetherLn 1–2$157K
Total assetsLn 16$240K
LiabilitiesLn 26$4K
Net assetsLn 32$236K
OperationsPt I, VI
EmployeesI 53
VolunteersI 675
Fiscal year endsHeaderApril
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 FY23End FY23
Cash and savingsLn 1–2$112K$157K
Total assetsLn 16$156K$240K
LiabilitiesLn 26$42K$4K
Net assetsLn 32$114K$236K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$41K$33K$8K$0
Other salaries and wagesLn 7$59K$59K$0$0
Payroll taxesLn 10$10K$9K$766$0
Legal feesLn 11b$600$0$600$0
Other fees for servicesLn 11g$2K$2K$0$0
Advertising and promotionLn 12$2K$2K$0$0
Office expensesLn 13$2K$1K$619$0
Information technologyLn 14$17K$15K$1K$0
TravelLn 17$3K$3K$665$0
Conferences, conventions and meetingsLn 19$812$650$162$0
InsuranceLn 23$935$0$935$0
Other expenses (24a–d)Ln 24$42K$42K$422$0
All other expensesLn 24e$1K$606$878$0
Total functional expensesLn 25$182K$167K$15K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 Latest $112K$185K−$73K$108K 990 PDF
FY2025 $268K$462K−$194K$181K 990 PDF
FY2024 $571K$431K$139K$375K 990 PDF
FY2023 Viewing $304K$182K$122K$236K 990 PDF
FY2022 $182K$114K 990 PDF
FY2021 $47K$34K 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 $303,712 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $167,816$298,143
I-9 Program service revenuePrior year $13,851$5,569
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $181,667$303,712
I-13 Grants and similar amounts paidPrior year $39,552$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $54,802$109,599
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $8,025$72,183
I-18 Total expensesPrior year $102,379$181,782
I-19 Revenue less expensesPrior year $79,288$121,930
Part VI · Governance 10 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsYes
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 $303,712 across 5 lines filed
VIII-1f All other contributions, gifts and grants$298,143
VIII-1g Noncash contributions (included above)$65,350
VIII-1h Total contributions, gifts and grants$298,143
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$5,569
VIII-12 Total revenueRelated to mission $5,569 · Unrelated business $0 · Excluded from tax $0$303,712
Part IX · Statement of functional expenses $181,782 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $32,816 · Management $8,204 · Fundraising $0$41,020
IX-7 Other salaries and wagesPrograms $59,002 · Management $0 · Fundraising $0$59,002
IX-10 Payroll taxesPrograms $8,811 · Management $766 · Fundraising $0$9,577
IX-11b Legal feesPrograms $0 · Management $600 · Fundraising $0$600
IX-11g Other fees for servicesPrograms $1,990 · Management $0 · Fundraising $0$1,990
IX-12 Advertising and promotionPrograms $2,375 · Management $0 · Fundraising $0$2,375
IX-13 Office expensesPrograms $1,227 · Management $619 · Fundraising $0$1,846
IX-14 Information technologyPrograms $15,241 · Management $1,337 · Fundraising $0$16,578
IX-17 TravelPrograms $2,659 · Management $665 · Fundraising $0$3,324
IX-19 Conferences, conventions and meetingsPrograms $650 · Management $162 · Fundraising $0$812
IX-23 InsurancePrograms $0 · Management $935 · Fundraising $0$935
IX-24 Other expenses (24a–d)Programs $41,817 · Management $422 · Fundraising $0$42,239
IX-24e All other expensesPrograms $606 · Management $878 · Fundraising $0$1,484
IX-25 Total functional expensesPrograms $167,194 · Management $14,588 · Fundraising $0$181,782
Part X · Balance sheet $239,803 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $111,663$156,945
X-3 Pledges and grants receivable$36,000
X-8 Inventories for sale or useStart of year $43,850$46,858
X-16 Total assetsStart of year $155,513$239,803
X-17 Accounts payable and accrued expenses$4,210
X-26 Total liabilitiesStart of year $41,850$4,210
X-27 Net assets without donor restrictionsStart of year $113,663$235,593
X-32 Total net assets or fund balancesStart of year $113,663$235,593
X-33 Total liabilities and net assetsStart of year $155,513$239,803
Part XI · Reconciliation of net assets $235,593 net assets at year end
XI-1 Total revenue$303,712
XI-2 Total expenses$181,782
XI-3 Revenue less expenses$121,930
XI-4 Net assets at start of year$113,663
XI-10 Net assets at end of year$235,593

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

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