2023-12-05T06:39:55-08:00 2023-06-30 810926770 NCHENG LLP CERTIFIED PUBLIC ACCOUNTANTS 40 WALL ST 32ND FL NEW YORK NY 10005 990 2022-07-01 383581515 FOLLOW YOUR DREAM FOUNDATION INC FOLL 2124613703 266 WEST 37TH STREET SUITE 803 NEW YORK NY 10018 Jeremy Hockenstein president/Treasurer 2023-12-05 true Jeremy Hockenstein 999009999 true Miaoling Lin P00431817 2127850100 2 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z Jeremy Hockenstein 266 WEST 37TH STREET SUITE 803 NEW YORK NY 10018 57536098 false X N/A X 2004 NY To create better futures for disadvantaged people 4 2 0 4 0 14479110 45092822 66374 0 2932 586520 0 14548416 45679342 5663457 23201613 0 1214780 0 0 464150 1089710 6127607 25506103 8420809 20173239 16436926 43670233 10692 6723757 16426234 36946476 To create better futures for disadvantaged people false false 25089718 23201613 Running the Livelihood Impact Fund program, which provides grants and loans and intensive consulting support for organizations working to increase incomes for the poor.As part of the Livelihood Impact Fund program, Follow Your Dream has a team of staff, consultants and volunteers who work closely with our grantees. This team has specialized skills and expertise in a range of relevant areas. They provide capacity building support to our grantees and also oversee our research grants. In some areas, such as our eyeglass initiative, our director supervises and directs the activities of grantee organizations as part of our work to significantly increase the number of reading glasses distributed to low-income people. In these cases, grantees conduct activities under the general direction and supervision of Follow Your Dream.DDD has made program-related investments in several for-profit social enterprises, such as Kuza Koolers, Rashak and Farmworks. In these cases, we work closely with the organizations to build their capacity and help them strengthen their long-term impact. 114531 Running programs to benefit poor youth in Cambodia 86352 Providing educational scholarships and mentorship 25290601 true true false false false false false false false false false false false false false true true false false true true true false false false false false true false true false false false false false true true true false false false false false false false false false true 0 0 false 0 false false false false false false false 0 false false false false false false false X 4 2 false false false false false false false true false false false true true true true true true false false false NY X X X JEREMY HOCKENSTEIN 2124613703 266 West 37th Street Suite 803 New York NY 10018 X Amolo Ngweno Director 1.00 0.00 X 25000 0 0 Jeremy Hockenstein President/Treas 5.00 0.00 X X 0 0 0 Vernon Naidoo Secretary 1.00 0.00 X X 0 0 0 Sari Miller Director 1.00 0.00 X 0 0 0 25000 0 false false true Bankable Frontier Associates LLc 625 Massachusetts Avenue Floor 2 Cambridge MA 02139 consulting 598844 1 45092822 45092822 0 486187 35275 450912 0 0 0 11957089 11856756 100333 100333 100333 0 0 0 0 45679342 35275 551245 14606054 14606054 0 8595559 8595559 0 25000 25000 598844 598844 501485 501485 13159 13159 55293 55293 20999 20999 51000 51000 29071 29071 15000 15000 0 0 0 440003 440003 0 0 44641 44641 0 15500 15500 100689 50344 50345 0 182978 182978 0 0 0 0 Housing and food cost 114531 114531 educational and school costs 86352 86352 BANK SERVICE FEE 6217 6217 MISCELLANEOUS 3728 3728 0 25506103 25290601 215502 0 14162969 29225 0 0 0 0 0 2153907 3679807 0 2000 0 38577724 0 120050 1370050 0 11427 16436926 43670233 10692 34757 6689000 10692 6723757 X 16426234 36911476 35000 16426234 36946476 16436926 43670233 20173239 347003 X false true X false false X 117546 168513 318549 279110 45092822 45976540 0 0 117546 168513 318549 279110 45092822 45976540 0 45976540 1957 2932 575094 579983 0 0 46556523 0.98750 0.53680 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Kuza Coolers Limited 120050 C RASHAK FARMS AND AGRO-ALLIED LIMITED 500000 C Farmworks Agriculture 750000 C X 46026345 347003 347003 45679342 45679342 25506103 25506103 25506103 Part X : FIN48 Footnote FYD is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. FYD has analyzed tax positions taken for filing with the Internal Revenue Service and state jurisdictions where it operates. FYD does not anticipate any significant uncertain tax positions that would require recognition in the financial statements. Periods ending June 30, 2020 and subsequent remain subject to examination by the taxing authorities true CAMBODIA 0 1 program services benefit poor youth 114531 SUB-SAHARAN AFRICA 0 2 PROGRAM SERVICES GRANTS/CAPACITY BUILDING 8256559 3 3 8371090 8371090 Saharan Africa GENERAL SUPPORT 1000 WIRE Saharan Africa GENERAL SUPPORT 10000 WIRE Saharan Africa GENERAL SUPPORT 10000 WIRE Saharan Africa GENERAL SUPPORT 10000 WIRE Saharan Africa GENERAL SUPPORT 10000 WIRE Saharan Africa GENERAL SUPPORT 10000 WIRE Saharan Africa GENERAL SUPPORT 10000 WIRE Saharan Africa GENERAL SUPPORT 100000 WIRE Saharan Africa GENERAL SUPPORT 100000 WIRE Saharan Africa GENERAL SUPPORT 110000 WIRE Saharan Africa GENERAL SUPPORT 1150000 WIRE Saharan Africa GENERAL SUPPORT 120011 WIRE Saharan Africa GENERAL SUPPORT 125000 WIRE Saharan Africa GENERAL SUPPORT 125500 WIRE Saharan Africa GENERAL SUPPORT 15000 WIRE Saharan Africa GENERAL SUPPORT 15000 WIRE Saharan Africa GENERAL SUPPORT 15000 WIRE Saharan Africa GENERAL SUPPORT 163720 WIRE Saharan Africa GENERAL SUPPORT 1800000 WIRE Saharan Africa GENERAL SUPPORT 2052 WIRE Saharan Africa GENERAL SUPPORT 20000 WIRE Saharan Africa GENERAL SUPPORT 25000 WIRE Saharan Africa GENERAL SUPPORT 25000 WIRE Saharan Africa GENERAL SUPPORT 25000 WIRE Saharan Africa GENERAL SUPPORT 25000 WIRE Saharan Africa GENERAL SUPPORT 25000 WIRE Saharan Africa GENERAL SUPPORT 25000 WIRE Saharan Africa GENERAL SUPPORT 25000 WIRE Saharan Africa GENERAL SUPPORT 25000 WIRE Saharan Africa GENERAL SUPPORT 26000 WIRE Saharan Africa GENERAL SUPPORT 26500 WIRE Saharan Africa GENERAL SUPPORT 27500 WIRE Saharan Africa GENERAL SUPPORT 275000 Saharan Africa GENERAL SUPPORT 30000 WIRE Saharan Africa GENERAL SUPPORT 300000 WIRE Saharan Africa GENERAL SUPPORT 35000 WIRE Saharan Africa GENERAL SUPPORT 35000 WIRE Saharan Africa GENERAL SUPPORT 376500 WIRE Saharan Africa GENERAL SUPPORT 38776 WIRE Saharan Africa GENERAL SUPPORT 440000 WIRE Saharan Africa GENERAL SUPPORT 46000 WIRE Saharan Africa GENERAL SUPPORT 5000 WIRE Saharan Africa GENERAL SUPPORT 5000 WIRE Saharan Africa GENERAL SUPPORT 5000 WIRE Saharan Africa GENERAL SUPPORT 5000 WIRE Saharan Africa GENERAL SUPPORT 5000 WIRE Saharan Africa GENERAL SUPPORT 5000 WIRE Saharan Africa GENERAL SUPPORT 50000 WIRE Saharan Africa GENERAL SUPPORT 50000 WIRE Saharan Africa GENERAL SUPPORT 50000 WIRE Saharan Africa GENERAL SUPPORT 50000 WIRE Saharan Africa GENERAL SUPPORT 500000 WIRE Saharan Africa GENERAL SUPPORT 500000 WIRE Saharan Africa GENERAL SUPPORT 546000 WIRE Saharan Africa GENERAL SUPPORT 550000 WIRE Saharan Africa GENERAL SUPPORT 76000 WIRE Saharan Africa GENERAL SUPPORT 76000 WIRE 3 54 false false false false false false Part I, Line 2 - Grantmakers Explanation For Monitoring Use of Funds Outside US We do not monitor grants to 501c3 public charities, but for other grantees, we have grant agreements and ask for written confirmation of how the funds were used. Part I, Line 3f - Method of Accounting Accrual basis of accounting true African Entrepreneurship Coll PO Box 209 Clinton WA 98236 460743201 501(c)(3) 550000 0 GENERAL SUPPORT African Visionary Fund Inc 769 Centre St Ste 201 Jamaica Plain MA 02130 920715931 501(c)(3) 50000 0 GENERAL SUPPORT Alight 1325 Quincy St NE Suite A1 Minneapolis MN 55413 363241033 501(c)(3) 100000 0 GENERAL SUPPORT Appleseed Inc 11933 W Burleigh St Wauwatosa WI 53222 474446426 501(c)(3) 131963 0 GENERAL SUPPORT Arbor Brothers Inc 56 East 126th Street 1 New York NY 10035 274205023 501(c)(3) 1200000 0 GENERAL SUPPORT Brac USA Inc 110 William St 18th Fl New York NY 10038 208456741 501(c)(3) 35000 0 GENERAL SUPPORT CareCubes Inc 3101 20th street san francisco CA 94110 300000 0 GENERAL SUPPORT Clinton Health Access Initiat 383 Dorchester AveSuite 400 Boston MA 02127 271414646 501(c)(3) 150000 0 GENERAL SUPPORT Digital Divide Data 266 West 37th St Suite 803 NY NY 10018 201148452 501(c)(3) 1000000 0 GENERAL SUPPORT Educate PO Box 12302 Denver CO 80212 841648607 501(c)(3) 2400000 0 GENERAL SUPPORT Eyelliance Inc 110 East 25th Street New York NY 10010 842711222 501(c)(3) 1620000 0 GENERAL SUPPORT Generation - You Employed Inc 1200 19TH ST NW Suite 1110 Washington DC 20036 471073442 501(c)(3) 100000 0 GENERAL SUPPORT GiveWell 1714 Franklin Street 100335 OAKLAND CO 94612 208625442 501(c)(3) 3000000 0 GENERAL SUPPORT Glicksgiving Foundation 2 Londonderry Ln Lincolnshire IL 60069 611460390 501(c)(3) 20000 0 GENERAL SUPPORT King Baudouin Foundation Unit 551 Fifth Avenue Suite 2400 New York NY 10176 582277856 501(c)(3) 65500 0 GENERAL SUPPORT Marlene Meyerson JCC Manhatta 334 Amsterdam Ave New York NY 10023 133490745 501(c)(3) 10000 0 GENERAL SUPPORT MIT 77 Mass Avenue Cambridge MA 02139 042103594 501(c)(3) 750000 0 GENERAL SUPPORT Network for Empowerment & Pro 1728 Butternut Street Detroittroit MI 48216 813844173 501(c)(3) 180000 0 GENERAL SUPPORT Nuru International 2020 Pennsylvania AVE NW 600 Washington DC 20006 261250716 501(c)(3) 50000 0 GENERAL SUPPORT P E F Israel Endowment Funds 630 Third Avenue 15th Floor New York NY 10017 136104086 501(c)(3) 750000 0 GENERAL SUPPORT Redeem International 2318 Jackson Pkwy Vienna VA 22180 352674436 501(c)(3) 20000 0 GENERAL SUPPORT RefugePoint 89 South St Suite 802 Boston MA 02111 202061482 501(c)(3) 25000 0 GENERAL SUPPORT Segal Family Foundation 67 Mountain Boulevard Suite 2 Warren NJ 07059 562446941 501(c)(3) 105974 0 GENERAL SUPPORT Shining Hope For Communities 11 Park Place 3rd Floor New York NY 10007 271493201 501(c)(3) 750000 0 GENERAL SUPPORT Somo Project 543 West 122nd St 22G New York NY 10027 464140758 501(c)(3) 150000 0 GENERAL SUPPORT Spark Microgrants PO Box 20435 New York NY 10001 452275630 501(c)(3) 50000 0 GENERAL SUPPORT Strategies for International 330 Pennsylvania Avenue SE Washington DC 20003 980120837 501(c)(3) 125000 0 GENERAL SUPPORT Street Business School PO Box 370 Niwot CO 80544 831055723 501(c)(3) 50000 0 GENERAL SUPPORT The Global Development Incuba 1401 K Street NW 900 Washington DC 20005 141945286 501(c)(3) 750000 0 GENERAL SUPPORT Trust for African Rock Art 77 W Wacker Dr Chicago IL 60601 364343908 501(c)(3) 5600 0 GENERAL SUPPORT University of Chicago 5235 S Harper Courth 4th Fl Chicago IL 60615 362177139 501(c)(3) 606000 0 GENERAL SUPPORT VisionSpring 30 EastT 60TH Street 201 New York NY 10022 311811558 501(c)(3) 7787 0 GENERAL SUPPORT Zoe Empowers PO Box 28839 Raleigh NC 27611 454671349 501(c)(3) 27000 0 GENERAL SUPPORT 32 1 Grantmaker's Description of How Grants are Used For foreign grantees we have grant agreements and ask for written confirmation of how the funds were used false false false false false false false false false Jeremy Hockenstein President/Treas Part II, Compensation from Unrelated Organizations THE 2:16 FUND, A TAX-EXEMPT ORGANIZATION (EIN 85-4221881), PAID JEREMY HOCKENSTEIN $50,000 AS A CONSULTANT (AND HE EARNED AN ADDITIONAL $56,666 IN DEFERRED COMPENSATION) IN THE CALENDAR YEAR 2022. THESE FEES WERE PAID TO ADVISE AND SUPPORT THE SETUP AND RUNNING OF the Livelihood Impact Fund program. Amolo Ng'weno Board member 25000 Consulting for livelihood false Bankable Frontier Associa owned by Amolo 598844 Consulting For Livelihood false Abigail Steinberg Family member 86806 Employment compensation false Schedule L, Part V Supplemental Information Bankable Frontier Associates, LLC is a 35% controlled entity of Amolo Ng'weno, a board directorAbigail Steinberg is a family member of Sari Miller, a Board Director. Form 990, Part VI, Section B, Line 11b THE DRAFT 990 WAS CIRCULATED TO ALL BOARD MEMBERS BEFORE FILING, AND ANY COMMENTS WERE ADDRESSED. Form 990, Part VI, Section B, Line 12c IN ADDITION TO THE ANNUAL DISCLOSURES, ALL BOARD MEMBERS ARE REMINDED TO DISCLOSE ANY CONFLICTS IF ANY TOPICS ARE RAISED FOR WHICH THEY HAVE ANY POTENTIAL CONFLICTS, AND THEN TO RECUSE THEMSELVES FOR ALL DISCUSSION IF SO. Form 990, Part VI, Section C, Line 18 THESE ARE MADE AVAILABLE UPON REQUEST BY ANY PARTY Form 990, Part VI, Section C, Line 19 No documents available to the public.