2023-11-02T09:59:37-05:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 6501 AMERICAS PARKWAY NE SUITE 500 ALBUQUERQUE NM 87110 990 2022-01-01 850417347 DREAMSPRING DREA 5052438844 2000 ZEARING AVENUE NW ALBUQUERQUE NM 87104 SUZETTE M LONGFELLOW CFO 5052438844 2023-10-31 1 SUZETTE LONGFELLOW XXX-XX-XXXX 0 JESSICA LOCKER CPA P01367046 5058428290 2023-10-31 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SUZETTE M LONGFELLOW 2000 ZEARING AVENUE NW ALBUQUERQUE NM 87104 26371224 0 X WWW.DREAMSPRING.ORG X 1994 NM DREAMSPRING IS A NONPROFIT COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) AND U.S. SMALL BUSINESS ADMINISTRATION (SBA) LENDER DEDICATED TO ACCELERATING THE ECONOMIC INCLUSION AND STRENGTH OF UNDERSERVED COMMUNITIES. FOUNDED IN 1994, THE ORGANIZATION PROVIDES RAPID ACCESS TO CAPITAL AND CUSTOMIZED WRAP-AROUND SUPPORT TO THE MOST VULNERABLE SMALL BUSINESS OWNERS IN 27 STATES, FOCUSING ON COMMUNITIES INCLUDING PEOPLE OF COLOR, WOMEN, LOW- TO MODERATE-INCOME EARNERS, PEOPLE WITH DISABILITIES, AND START-UPS. TO DATE, DREAMSPRING HAS ISSUED MORE THAN 48,796 LOANS TOTALING OVER $538 MILLION TO SMALL BUSINESSES THAT SUPPORT AN ESTIMATED 65,138 JOBS. 10 10 76 14 0 0 7512573 7822206 17685543 17871900 132224 60881 -31742 112940 25298598 25867927 0 0 0 0 4423813 5897826 0 0 808276 4667724 14252538 9091537 20150364 16207061 5717563 203163761 95789629 171176439 58236884 31987322 37552745 DREAMSPRING INCREASES ACCESS TO BUSINESS CREDIT, MAKES LOANS AND PROVIDES TRAINING WHICH ENABLE UNDERSERVED ENTREPRENEURS TO REALIZE THEIR DREAMS AND BE CATALYSTS FOR POSITIVE ECONOMIC AND SOCIAL CHANGE. 0 0 18155162 0 17984840 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 2022 DREAMSPRING MADE 4,093 LOANS, FOR $71.6 MILLION, THAT CREATED OR SUSTAINED 10,869 JOBS. 18155162 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 232 0 1 76 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AZ CO FL GA IL IA KS MI NE NV NM NY NC OK TX UT WA WY NY NC OK TX UT WA WY X X ANALISA ANAYA SMITH 5059243183 2000 ZEARING AVE NW ALBUQUERQUE NM 87104 YASHODA NAIDOO SECRETARY/IMM PAST CHAIR 2.00 0.00 X X 0 0 0 BILL RIDENOUR TREASURER 2.00 0.00 X X 0 0 0 EDMOND JOHNSON CHAIR 2.00 0.00 X X 0 0 0 BETTY ARKELL DIRECTOR 2.00 0.00 X 0 0 0 VIRGINIA BAYLESS DIRECTOR 2.00 0.00 X 0 0 0 JERRIE MERRITT DIRECTOR 2.00 0.00 X 0 0 0 IRV ASHFORD JR DIRECTOR 2.00 0.00 X 0 0 0 ANTHONY SHARETT DIRECTOR 2.00 0.00 X 0 0 0 ALICE RODRIGUEZ DIRECTOR 2.00 0.00 X 0 0 0 ANNE HAINES PRESIDENT & CEO 40.00 0.00 X 298427 0 11382 SUZETTE M LONGFELLOW CHIEF FINANCIAL OFFICER 40.00 0.00 X 202048 0 18305 MARISA BARRERA CHIEF IMPACT OFFICER 40.00 0.00 X 186459 0 4531 MARGARET SMITH CHIEF LENDING AND CLIENT EXP OFFICER 40.00 0.00 X 183192 0 8599 FRANCISCO LOPEZ CHIEF OPERATIONS AND INNOVATION OFFICER 40.00 0.00 X 251909 0 16498 EVAN MAXON DIRECTOR OF OPERATIONS AND 40.00 0.00 X 139840 0 4063 MARCIE CHAVEZ DIRECTOR OF PEOPLE AND CULTURE 40.00 0.00 X 122232 0 7958 ANALISA SMITH DIRECTOR OF FINANCE 40.00 0.00 X 133397 0 3116 BRIAN DASKALOVITZ DIRECTOR OF RISK 40.00 0.00 X 148766 0 17951 DARCIE DEFOE DIRECTOR OF MARKETING 40.00 0.00 X 115241 0 9446 1781511 0 101849 12 0 1 0 0 7822206 27577 7822206 SBA PPP LENDING FEES 522200 11769174 11769174 LOAN INTEREST AND FEES 522200 5995348 5995348 SECURED DEBT 522200 107378 107378 17871900 41890 41890 522288 503297 18991 18991 18991 MANAGEMENT FEES 900099 112855 112855 PTNRSHP INC-ACCION NM 900099 25 25 PTNRSHP INC-ACCION NM 900099 20 20 40 40 112940 25867927 17984840 0 60881 1181352 914329 91146 175877 3981858 3047808 633067 300983 371078 284757 52049 34272 363538 278972 50991 33575 492783 377862 56914 58007 67289 51597 7772 7920 718498 550938 82984 84576 1199885 1182040 426 17419 476602 379294 66033 31275 612519 527986 64222 20311 88203 66051 15444 6708 119390 89995 16752 12643 153848 112675 23919 17254 1271623 1271623 199971 181192 11323 7456 55535 41651 13884 LOAN LOSS PROVISION 7327151 7327151 LOAN SERVICING EXPENSE 1353599 1353599 TEMPORARY SERVICES 115642 115642 20150364 18155162 1186926 808276 90195566 25723401 113528 103128 444886 5279069 979707 647981 106905297 59860598 166464 215123 4333503 1693001 2812238 2640502 1488829 1261349 6000 6000 51246 52478 203163761 95789629 36462488 12062664 3678262 3488511 131035689 42685709 171176439 58236884 X 25656671 27418128 6330651 10134617 31987322 37552745 203163761 95789629 X 5717563 -277124 -12291 137275 X X 0 1 X 1 0 X 5688939 3488025 9326277 7512573 7822206 33838020 5688939 3488025 9326277 7512573 7822206 33838020 13432425 20405595 33977 44148 40905 45423 41890 206343 34044363 55640596 0.59940 0.67190 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2201671 -157834 -157834 2201671 2201671 224558 224558 2201671 2201671 221407 221407 2201671 2201671 412432 402071 10361 2201671 2201671 118724 108772 9952 2201671 0.00000 1.00000 0.00000 0 0 1003216 1003216 2267172 965011 1302161 1063115 727990 335125 2640502 X 26314925 -277124 849353 572229 25742696 12291 112940 125231 25867927 20749777 849353 849353 19900424 249940 249940 20150364 PART V, LINE 4: THE ENDOWMENT FUNDS HAVE TWO USES. FIRST THE LOAN PORTFOLIO WITH A BALANCE OF $1,495,493, IS AVAILABLE IF NEEDED TO BE USED TO LEND TO DREAMSPRING'S CLIENTS, ANY CHARGE-OFF AMOUNTS ARE REIMBURSED BY OPERATING FUNDS. AS OF 12/31/22 IT WAS ALL LENT TO CLIENTS. SECOND, IS A TRADITIONAL ENDOWMENT WITH A BALANCE OF $706,178 THAT HAS BEEN INVESTED IN MARKETABLE SECURITIES. INCOME GENERATED BY EITHER USE IS AVAILABLE FOR OPERATIONS. PART X, LINE 2: DREAMSPRING HAS ADOPTED THE PROVISION OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES. THERE WERE NO UNCERTAIN TAX POSITIONS TAKEN BY DREAMSPRING OR ANY OF THE LIMITED LIABILITY COMPANIES FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2021. DREAMSPRING'S POLICY IS TO CLASSIFY INCOME TAX PENALTIES AND INTEREST, WHEN APPLICABLE, ACCORDING TO THEIR NATURAL CLASSIFICATION. PART XI, LINE 4B - OTHER ADJUSTMENTS: PARTNERSHIP INCOME - ACCION NM 2011C LLC 20. PARTNERSHIP INCOME - ACCION NM 2013D LLC 20. PARTNERSHIP INCOME - ACCION NM 2014E LLC 20. PARTNERSHIP INCOME - ACCION NM 2017G LLC 25. MANAGEMENT FEE 112,855. PART XII, LINE 4B - OTHER ADJUSTMENTS: INTEREST EXPENSE 249,940. 1 SOUTH ASIA 1 6 PROGRAM SERVICES SOFTWARE DEVELOPMENT FOR LENDING SYSTEM 234667 1 6 0 0 1 6 234667 0 234667 0 0 0 0 0 0 PART III ACCOUNTING METHOD: X X X X X X 0 0 0 1 0 1 0 0 0 ANNE HAINES PRESIDENT & CEO 243718 0 54709 0 0 0 5232 0 6150 0 309809 0 0 0 FRANCISCO LOPEZ CHIEF OPERATIONS AND INNOVATION OFFI 218724 0 33185 0 0 0 0 0 16498 0 268407 0 0 0 SUZETTE M LONGFELLOW CHIEF FINANCIAL OFFICER 195240 0 6808 0 0 0 5760 0 12545 0 220353 0 0 0 MARGARET SMITH CHIEF LENDING AND CLIENT EXP OFFICER 159614 0 23578 0 0 0 2449 0 6150 0 191791 0 0 0 MARISA BARRERA CHIEF IMPACT OFFICER 161747 0 24712 0 0 0 4531 0 0 0 190990 0 0 0 BRIAN DASKALOVITZ DIRECTOR OF RISK 134791 0 13975 0 0 0 0 0 17951 0 166717 0 0 0 PART I, LINE 5 INCENTIVE COMPENSATION PAID IS BASED ON PERFORMANCE OF THE ORGANIZATION. PART I, LINE 6 INCENTIVE COMPENSATION PAID IS BASED ON PERFORMANCE OF THE ORGANIZATION. X 3 27577 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B DRAFT OF 990 REVIEWED BY FINANCE COMMITTEE, AND ONCE APPROVED A COPY IS FURNISHED TO THE FULL BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C AN ANNUAL SIGN OFF IS REQUIRED OF ALL BOARD MEMBERS AND STAFF. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS FOR TOP OFFICIAL: INDEPENDENT COMPENSATION STUDY IS PERFORMED. EXECUTIVE COMMITTEE WRITTEN REVIEW. COMPENSATION PROCESS FOR OFFICERS: INDEPENDENT COMPENSATION STUDY IS PERFORMED. CEO REVIEWS PAY. BOARD APPROVES BUDGET. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON OUR WEBSITE OR UPON REQUEST. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: GE IN LLC INVESTMENTS 137,275. FORM 990, PART XII, LINE 2C THE FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR. DREAMSPRING 2007A LLC 2000 ZEARING AVE NW ALBUQUERQUE NM 87104 260693551 CAPITAL NM RELATED 1000 0 1 0.00080 DREAMSPRING 2011B LLC 2000 ZEARING AVE NW ALBUQUERQUE NM 87104 454150283 CAPITAL NM RELATED 1001 0 1 0.00400 DREAMSPRING 2011C LLC 2000 ZEARING AVE NW ALBUQUERQUE NM 87104 454151679 CAPITAL NM RELATED 20 1020 0 1 0.00400 DREAMSPRING 2013D LLC 2000 ZEARING AVE NW ALBUQUERQUE NM 87104 463546408 CAPITAL NM RELATED 20 1020 0 1 0.00030 DREAMSPRING 2014E LLC 2000 ZEARING AVE NW ALBUQUERQUE NM 87104 465445079 CAPITAL NM RELATED 20 1020 0 1 0.00040 DREAMSPRING 2017G LLC 2000 ZEARING AVE NW ALBUQUERQUE NM 87104 822452152 CAPITAL NM RELATED 25 1025 0 1 0.00100 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 1 0