2025-11-17T13:28:20-08:00 2024-12-31 810926770 NCHENG LLP CERTIFIED PUBLIC ACCOUNTANTS 40 WALL ST 32ND FL NEW YORK NY 10005 990 2024-07-01 383581515 FOLLOW YOUR DREAM FOUNDATION INC FOLL 2124613703 45 west 36th street 8th floor new york NY 10018 Jeremy Hockenstein president/Treasurer 2025-11-17 true true Miaoling Lin P00431817 2127850100 2024 2025-03-06 01:10:19Z Jeremy Hockenstein 45 west 36th street 8th floor new york NY 10018 21091096 false X N/A X 2004 NY To create better futures for disadvantaged people 5 3 5 5 0 65135038 399999 215889 136244 1883974 714233 0 67234901 1250476 63948478 20931602 0 912175 344499 0 0 4249281 5392989 69109934 26669090 -1875033 -25418614 59275935 29658116 24035807 21347765 35240128 8310351 To create better futures for disadvantaged people false false 25552905 20761340 136244 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.FYD 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. 667241 Running programs to benefit poor youth 215007 170262 Providing educational scholarships and mentorship 26435153 true true false false false false false false false false false false true false false true true false false true true true true false false false false true false true false false false false false false true false false false false false false false false false false true 17 0 true 5 true false false false false false false false 0 false false false false false false false X 5 3 false false false false false false false true false false false true true true true true true false false false NY X X X The organization 2124613703 45 west 36th street 8th floor New York NY 10018 X Jeremy Hockenstein President/Treas 5.00 0.00 X X 59333 0 0 Amolo Ngweno Director 1.00 0.00 X 0 0 0 Noelia Moshi Director 1.00 0.00 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 59333 0 false false true Impact Talent Network Inc 370 Central Park West New York NY 10025 consulting 123250 1 399999 399999 Loans interest income 522291 34747 34747 Tarrytown conference rev 900099 101497 101497 136244 554853 554853 0 0 0 20000000 19840620 159380 159380 159380 0 0 0 0 1250476 136244 714233 18965732 18965732 0 1965870 1965870 0 0 0 269498 269498 12320 12320 44842 44842 17839 17839 0 118119 118119 19083 19083 0 0 0 1160573 1160573 0 0 52572 52572 0 43649 43649 102175 102175 0 64508 64508 0 0 0 0 Investment impairment 3165050 3165050 discount of grants payable 311213 311213 Urban living costs 244586 244586 Bad debt expense 66202 66202 45259 44745 514 26669090 26435153 233937 0 320303 353163 882003 880749 0 0 0 0 0 0 30057 89709 0 47030384 11518436 0 10651297 15783760 0 361891 1032299 59275935 29658116 81469 62043 23954338 21285722 24035807 21347765 X 35240128 8310351 35240128 8310351 59275935 29658116 -25418614 307923 -1819086 X false true X false false X 318549 279110 45092822 65135038 399999 111225518 0 0 318549 279110 45092822 65135038 399999 111225518 0 111225518 1957 2932 575094 1883974 714233 3178190 0 0 114403708 352133 0.97220 0.97830 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15783760 X 1558399 307923 307923 1250476 1250476 26669090 26669090 26669090 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, 2021 and subsequent remain subject to examination by the taxing authorities true CAMBODIA 0 0 program services benefit poor youth 215007 SUB-SAHARAN AFRICA 0 3 PROGRAM SERVICES GRANTS/CAPACITY BUILDING 1795608 Sub-saharan africa 0 3 Program Services create economic opportunity 667242 6 6 2677857 2677857 Sub-Saharan Afr Project purpose 10000 WIRE Sub-Saharan Afr Project purpose 100000 WIRE Sub-Saharan Afr Project purpose 100000 WIRE Sub-Saharan Afr Project purpose 100000 WIRE Sub-Saharan Afr Project purpose 100000 WIRE Sub-Saharan Afr Project purpose 15000 WIRE Sub-Saharan Afr Project purpose 200000 WIRE Sub-Saharan Afr Project purpose 200000 WIRE Sub-Saharan Afr Project purpose 20001 WIRE Sub-Saharan Afr Project purpose 25000 WIRE Sub-Saharan Afr Project purpose 25000 WIRE Sub-Saharan Afr Project purpose 25000 WIRE Sub-Saharan Afr Project purpose 25000 WIRE Sub-Saharan Afr Project purpose 25000 WIRE Sub-Saharan Afr Project purpose 25000 WIRE Sub-Saharan Afr Project purpose 25000 WIRE Sub-Saharan Afr Project purpose 25000 WIRE Sub-Saharan Afr Project purpose 25000 WIRE Sub-Saharan Afr Project purpose 25000 WIRE Sub-Saharan Afr Project purpose 25000 WIRE Sub-Saharan Afr Project purpose 25000 WIRE Sub-Saharan Afr Project purpose 25000 WIRE Sub-Saharan Afr Project purpose 30000 WIRE Sub-Saharan Afr Project purpose 30000 WIRE Sub-Saharan Afr Project purpose 30000 WIRE Sub-Saharan Afr Project purpose 322500 WIRE Sub-Saharan Afr Project purpose 5000 WIRE Sub-Saharan Afr Project purpose 50000 WIRE Sub-Saharan Afr Project purpose 50000 WIRE Sub-Saharan Afr Project purpose 50000 WIRE Sub-Saharan Afr Project purpose 58107 WIRE 31 Scholarship Africa 16 170262 Wire transfer 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 2020 Quest Foundation 6929 N HAYDEN RD SUITE C4-139 SCOTTSDALE AZ 85250 043747651 501(C)(3) 50000 0 Actual amount General Support African Visionary Fund 769 Centre ST 201 Boston MA 02130 920715931 501(C)(3) 50000 0 Actual amount General Support Appleseed Inc PMB 97263 Washington DC 20002 521835698 501(C)(3) 750000 0 Actual amount General Support Ariadne Labs ATTN MGB TAX DEPT 399 REVOLUT Somerville MA 02145 042312909 501(C)(3) 500000 0 Actual amount General Support Brigham & Womens Hosp 263 Huntington Avenue 318 Boston MA 02115 042312909 501(C)(3) 198000 0 Actual amount General Support Brown University BOX J BROWN UNIVERSITY PROVIDENCE RI 02912 050258809 501(C)(3) 110000 0 Actual amount General Support Center for Innovative Governa 1717 K Street NW 900 Washington DC 20006 823264419 501(C)(3) 750000 0 Actual amount General Support Climate Action for SMA 151 MIDDLESEX RD Chestnut Hill MA 02467 990644533 501(C)(3) 250000 0 Actual amount General Support Digital Divide Data 266 W 37TH ST RM 803 New York NY 10018 201148452 501(C)(3) 500000 0 Actual amount General Support Emma Torch 345 SMITH STREET BROOKLYN NY 11231 813651292 501(C)(3) 500000 0 Actual amount General Support Founders Pledge Inc 228 PARK AVE S PMB 71081 New York NY 10003 371795297 501(C)(3) 2000000 0 Actual amount General Support Friends of HIH International 300 BRICKSTONE SQ ANDOVER MA 01810 463283834 501(C)(3) 50000 0 Actual amount General Support Friends of Raising the Villag 511 AVENUE OF THE AMERICAS AP New York NY 10011 812578460 501(C)(3) 500000 0 Actual amount General Support Jewish Communal Fund 575 MADISON AVE STE 703 New York NY 10022 237174183 501(C)(3) 2200000 0 Actual amount General Support Johns Hopkins University 3910 KESWICK ROAD N4327B BALTIMORE MD 21211 520595110 501(C)(3) 255250 0 Actual amount General Support Labor Mobility Partner 712 H STREET NE 1902 Washington DC 20002 841991867 501(C)(3) 150000 0 Actual amount General Support Last Mile Health 68 HARRISON AVE STE 605 Boston MA 02111 261401736 501(C)(3) 10000 0 Actual amount General Support Maisha Meds Inc 548 MARKET STREET PMB 49446 SAN FRANCISCO CA 94104 814618222 501(C)(3) 300000 0 Actual amount General Support MIT 299 MARKET ST STE 250 Saddle Brook MA 07663 812731492 501(C)(3) 1152452 0 Actual amount General Support NEPI 2220 OAKMAN BLVD Detroit MI 48238 813844173 501(C)(3) 77070 0 Actual amount General Support Network for Empowerment 2220 OAKMAN BLVD Detroit MI 48238 813844173 501(C)(3) 100000 0 Actual amount General Support One Acre Fund 2070 GREEN BAY ROAD SUITE 183 Highland Park IL 60035 203668110 501(C)(3) 750000 0 Actual amount General Support Redeem international PO BOX 2991 Merrifield VA 22116 352674436 501(C)(3) 150000 0 Actual amount General Support RestoringVision 2443 FILLMORE ST 380-4700 San Francisco CA 94115 454920275 501(C)(3) 73668 0 Actual amount General Support Rocket Learning Foundation 225 S Weymouth Road Southern Pines NC 28387 873912378 501(C)(3) 120000 0 Actual amount General Support Sightsavers Inc ONE BOSTON PLACE 2600 Boston MA 02108 474657747 501(C)(3) 8944 0 Actual amount General Support Solutions Journalism Network 405 LEXINGTON AVENUE SUITE 81 New York NY 10174 462265729 501(C)(3) 165000 0 Actual amount General Support The Agency Fund 2261 Market Street 4524 San Francisco CA 94114 932219314 501(C)(3) 250000 0 Actual amount General Support The Clear Fund DBA GiveWell 1714 FRANKLIN STREET 100335 Oakland CA 94612 208625442 501(C)(3) 2000000 0 Actual amount General Support THE GLOBAL DEVELOPMENT INCUBA 1401 K STREET NW 900 WASHINGTON DC 20005 141945286 501(C)(3) 250000 0 Actual amount General Support The Resolution Project 370 LEXINGTON AVE RM 302 New York NY 10017 264394051 501(C)(3) 50000 0 Actual amount General Support UBS Financial Services Inc 11 Madison Ave New York NY 10010 331712876 501(C)(3) 4400000 0 Actual amount General Support UCI Foundation 510 East Peltason Dr 5000 Irvine CA 92697 952540117 501(C)(3) 64000 0 Actual amount General Support VisionSpring Inc 30 E 60TH ST RM 201 New York NY 10022 311811558 501(C)(3) 191713 0 Actual amount General Support WelcomeNST 94 GOLDEN RUN ROAD BOLTON MA 01740 851674143 501(C)(3) 10000 0 Actual amount General Support WISER Intl 2608 ERWIN ROAD Durham NC 27705 273367993 501(C)(3) 25000 0 Actual amount General Support 36 0 Grantmaker's Description of How Grants are Used We have grant agreements and and require detailed written reports on how the funds were used false false false false false false false false false Jeremy Hockenstein President/Treas 59333 59333 Part II, Compensation from Unrelated Organizations JEREMY HOCKENSTEIN EARNED $59,333 IN DEFERRED COMPENSATION FROM THE 2:16 FUND, ATAX-EXEMPT ORGANIZATION (EIN 85-4221881) IN THE CALENDAR YEAR 2024, FOR ADVISING ANDSUPPORTING THE SETUP AND RUNNING OF THE LIVELIHOOD IMPACT FUND PROGRAM. Abigail Steinberg Family member 100000 Employment compensation false Schedule L, Part V Supplemental Information Abigail Steinberg is a family member of Sari Miller, a Board Member 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. Form 990, Part XI, Line 8 Prior period adjustments A prior period adjustment was made to increase the grant expense of $1,819,086 recognized in the prior years. Net assets as of July 1, 2024 has been restated to correct the aggregate effect of the error.