2026-07-15T12:29:36-07:00 2025-08-31 870325228 HAYNIE & COMPANY 1785 WEST 2300 SOUTH SALT LAKE CITY UT 84119 990 2024-09-01 133355315 I HAVE A DREAM FOUNDATION IHAV 9174236690 322 Eighth Avenue 201 New York NY 10001 Lori Canova Interim CEO 2026-07-15 true true Brian S Jacobson CPA P00668876 8019724800 2024 2025-03-06 01:10:19Z Lori Canova 4522395 false X www.ihaveadreamfoundation.org X 1986 NY The I Have A Dream Foundation expands educational opportunity for children (Dream Scholars) in under-resourced communities through a long-term, cohort-based model from first grade through first job. 28 27 45 277 0 4336416 4296550 39317 57945 30966 167900 -174757 -112201 4231942 4410194 461711 149035 0 3112435 2852519 0 418706 1430310 1464284 5004456 4465838 -772514 -55644 3361156 3477675 913937 981064 2447219 2496611 X The I Have A Dream Foundation (IHDF) is a national nonprofit that expands educational opportunity for children in under-resourced communities through a long-term, cohort-based model that supports Dream Scholars from first grade through first job. Working through a national network of Affiliates and Chapters, IHDF provides individualized academic support, social-emotional learning, family engagement, college and career readiness programming, and guaranteed scholarship assistance for postsecondary pathways. In 2024, the Foundation supported 2,332 Dream Scholars nationwide and remained connected to a community of more than 20,000 Dream Scholar alumni. Through more than 45 years of experience, IHDF has developed an evidence-informed model that helps students enroll in, persist through, and complete postsecondary education while building the skills, confidence, relationships, and opportunities needed for lifelong success and upward economic mobility. IHDF continues to strengthen its model b false false 3240720 149035 The I Have A Dream Foundation supports a national network of Affiliates and Chapters serving 2,332 Dream Scholars through a long-term, cohort-based model designed to ensure students graduate from high school prepared to enroll in and complete postsecondary pathways and enter productive careers. IHDF provides training, technical assistance, and programmatic resources to local affiliates and chapters, including best practice development, site visits, and ongoing coaching to strengthen program quality and student outcomes.In 2024, IHDF continued to invest in national infrastructure and program expansion, including professional development convenings, leadership training, and partnership development to increase access to academic, social-emotional, and career readiness resources. IHDF also operates Dream University Prep (Dream UP), a summer immersion program hosted on college campuses that exposes middle and high school students to postsecondary environments and expectations.These efforts are designed to improve long-term student outcomes, including college enrollment, persistence, and completion, while strengthening the capacity and consistency of programming across the IHDF network. The "I Have A Dream" Foundation (IHDF) strengthens and continuously improves its evidence-informed, long-term program model to improve outcomes for Dream Scholars across its national network of Affiliates and Chapters. Through ongoing evaluation, performance measurement, and strategic planning, IHDF identifies opportunities to enhance program quality, strengthen affiliate capacity, and ensure that Dream Scholars receive consistent, high-quality support from elementary school through postsecondary completion. In 2024, IHDF continued to strengthen its national network by launching a new Chapter in Atlanta, expanding Dream Scholar cohorts within existing Affiliates and Chapters, and enhancing program quality through Children's Savings Account initiatives, expanded postsecondary supports, and data-informed continuous improvement efforts. IHDF's long-term cohort model combines individualized academic support, social-emotional learning, family engagement, mentoring, college and career readiness, leadership development, and guaranteed tuition assistance to help Dream Scholars succeed in school, complete a postsecondary pathway, and pursue long-term economic mobility. These efforts are designed to improve high school graduation, postsecondary enrollment, persistence, and completion while strengthening the capacity of Affiliates and Chapters to deliver consistent, evidence-informed programming.By continuously strengthening its model and equipping Affiliates and Chapters with evidence-based tools and resources, IHDF helps ensure that its growing national network delivers high-quality programming and measurable outcomes for Dream Scholars, families, and communities. In 2024, the Foundation continued to strengthen its centralized data and performance management system to better track student outcomes, measure program effectiveness, and inform strategic decision-making across its national network. The Foundation monitors key performance indicators, including academic progress, high school graduation, postsecondary enrollment, persistence, and completion, to assess program impact, drive continuous improvement, and promote accountability at both the national and Affiliate/Chapter levels. The "I Have A Dream" Foundation strengthens awareness, engagement, and support of its national network of Affiliates and Chapters to expand educational opportunities for children in under-resourced communities. IHDF manages national communications platforms, including its website, digital channels, and media relations, to elevate the voices and experiences of Dream Scholars, share program impact, and increase public understanding of IHDF's long-term, cohort-based model.In 2024, IHDF expanded its national visibility and strategic partnerships by supporting Affiliates and Chapters in engaging local stakeholders, strengthening relationships with schools, funders, volunteers, and civic leaders, and increasing awareness of opportunities to support Dream Scholars. 3240720 true true false false false false false false false false true false false false true true true false false false false false false false true false false true false true false false false false false false false false false false false false false false false false false true 13 0 true 45 false false false false false false false false 0 false false false false false false false false false false X 28 27 false false false false false false false true true false false true true true true true true true true false AK AL CA CO CT FL GA IL KS LA MA MD ME MI MN MO MS NC ND NH NJ NY OK OR PA RI SC TN UT VA WA WI WV X X Lori Canova 9174236690 322 Eighth Avenue New York NY 10001 Otis Hackney President & CEO 40.00 0.00 X X 215537 0 49043 Lori Canova Interim CEO 0.00 0.00 184202 0 23160 Nadira Saunders Chief Operating Officer 0.00 0.00 148797 0 49043 Richard Rivera Chief Program Officer 0.00 0.00 159021 0 2196 Ronald Terwilliger Director 2.00 0.00 X 0 0 0 Mark Fornasiero Director 2.00 0.00 X 0 0 0 Lianne Friedman Director 2.00 0.00 X 0 0 0 Vince Ballard Director 2.00 0.00 X 0 0 0 Gregory F Back Director 2.00 0.00 X 0 0 0 Andrew J Berg Director 2.00 0.00 X 0 0 0 Tony DiSpigno Director 2.00 0.00 X 0 0 0 Steven Shaw Director 2.00 0.00 X 0 0 0 Warren Eisenberg Director 2.00 0.00 X 0 0 0 Jeffrey R Gural Director 2.00 0.00 X 0 0 0 A William Stein Director 2.00 0.00 X 0 0 0 Llewellyn P Haden Jr Director 2.00 0.00 X 0 0 0 Jeremiah Lucey Director 2.00 0.00 X 0 0 0 Barry Mandel Director 2.00 0.00 X 0 0 0 Fenton Joseph Director 2.00 0.00 X 0 0 0 Danilo Rodriguez Director 2.00 0.00 X 0 0 0 Richard Saltzman Chairman 2.00 0.00 X X 0 0 0 Eugena Oh Treasurer 2.00 0.00 X X 0 0 0 Harlan Stone Vice Chair 2.00 0.00 X X 0 0 0 Stephanie Trump Director 2.00 0.00 X 0 0 0 S Steven Yang MD Director 2.00 0.00 X 0 0 0 Jonas Severe Director 2.00 0.00 X 0 0 0 Mansi Mehan Director 2.00 0.00 X 0 0 0 Peter Patch Director 2.00 0.00 X 0 0 0 Helen Lang Suskin Director 2.00 0.00 X 0 0 0 Michael Barrett Director 2.00 0.00 X 0 0 0 Paige Graves Director 2.00 0.00 X 0 0 0 Rory Greiss Secretary 2.00 0.00 X 0 0 0 707557 123442 4 false true false GRF CPAs and Advisors 4550 Montgomery Ave 8th Floor Bethesda MD 20814 CPA & Advisor 188427 1 658350 502566 3135634 4296550 Licensing Fees 611710 35455 35455 Other Income 611710 17000 17000 Staff Conference fee 611710 5490 5490 57945 68086 68086 0 0 0 99814 99814 99814 99814 658350 112201 -112201 -112201 0 0 0 4410194 225845 -112201 149035 149035 0 0 0 215537 127167 38797 49573 0 1958740 1546844 247396 164500 0 511294 393653 67300 50341 166948 128536 21975 16437 0 0 0 0 0 0 376454 50613 225881 99960 0 92872 56008 36643 221 0 0 74282 45550 16553 12179 146699 110689 35931 79 0 0 0 0 5985 4549 479 957 0 Dream Scholars Support 383816 383816 Post Secondary Support 144967 144967 Fees 98825 373 79480 18972 Dues and Subscriptions 57944 29896 25384 2664 82440 69024 10593 2823 4465838 3240720 806412 418706 108543 393926 79372 83501 381333 129540 0 0 0 0 0 58183 53181 231449 217167 19044 14282 2714681 2803245 0 0 0 0 3361156 3477675 817401 652709 96536 328355 913937 981064 X -144166 522365 2591385 1974246 2447219 2496611 3361156 3477675 -55644 105036 X X false true X true false X 3438583 3231601 4125355 4336416 4296550 19428505 0 0 3438583 3231601 4125355 4336416 4296550 19428505 5749420 13679085 64720 54103 56882 57405 68086 301196 0 0 19729701 0.69330 0.73090 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 27538 27538 162961 150367 12594 40950 39262 1688 14282 College Savings Account Program Payable 83501 Due to IHDF Dallas 4645 Long-term debt 240209 328355 X 5328701 105036 813471 918507 4410194 4410194 5279309 813471 813471 4465838 4465838 Part X : FIN48 Footnote Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the foundation and recognize a tax liability if the foundation has taken an uncertain position that more likely than not would not be sustained upon examination by the internal revenue service. as of august 31, 2025 and 2024, the foundation has determined that it has not incurred any liability for unrecognized tax benefits. the foundation recognizes interest and penalties, if any related to unrecognized tax benefits as income tax expense in the statement of activities. X X X X X false Spring Gala 658350 658350 112201 658350 658350 112201 112201 -112201 true I Have a Dream - Atlanta 435 Peachtree St NE Atlanta GA 30308 991342974 89179 0 Great Expectations I Have a Dream - Boulder 5390 Manhattan Cir Boulder CO 80303 841150542 8500 0 Great Expectations I Have a Dream - Dallas 2601 Lucas Dr Dallas TX 75219 752153030 10589 0 Great Expectations I Have a Dream - Los Angeles 3580 Wilshire Blvd 720 Los Angeles CA 90010 954089758 7000 0 Great Expectations I Have a Dream - Miami 17749 Collins Avenue TS40 Sunny Isles FL 33160 650570404 10589 0 Great Expectations I Have a Dream - Milwaukee 2342 N 27th Street Milwaukee WI 53210 260697330 11589 0 Great Expectations I Have a Dream - New Jersey 60 Park Place Newark NJ 07102 020775259 11589 0 Inspire the Dream 7 0 Grantmaker's Description of How Grants are Used Grantees are required to submit reports on progress and answer brief questionnaires either quarterly or bi-annually. Program progress is monitored by reviewing the grantee submissions, and funds are released accordingly. X X X false false false false false false false false false Lori Canova Interim CEO 184202 23160 207362 Nadira Saunders Chief Operating Officer 148797 49043 197840 Otis Hackney President & CEO 215537 49043 264580 Richard Rivera Chief Program Officer 159021 2196 161217 Form 990, Part VI, Section B, Line 11b The form 990 information is gathered by I have a dream foundation's finance team. the information is sent to "I have a dream" foundation's independent audit & tax firm who completes an aduit and prepares the return. The completed return is then reviewed by senior staff and the finance and audit committee. After incorporating and recommendations or modifications, the 990 is finalized and sent electronically to the board of directors prior to filing with the IRS. Form 990, Part VI, Section B, Line 12c All officers, directors and key employees complete a conflict of interest statement annually. The conflict of interest policy is available to all employees through "I have a dream" foundation's intranet. Form 990, Part VI, Section B, Line 15a The compensation of the president & ceo was determined by the board of directors in consultation with an independent search firm familiar with executive compensation at comparable organizations. As part of the annual budget process, the executive committee evaluates the president & CEO and reviews and approves all senior staff compensation. Compensation is reviewed annually. Form 990, Part VI, Section C, Line 19 "I have a dream" foundation's governing documents, conflict of interest policy, and financial statements are made available to the public upon request. in addition, the foundation's most recent financial statements and form 990 are available on the foundation's website: www.ihaveadreamfoundation.org Form 990, Part XII, Line 2c No Change from Prior Year Form 990, Part I, Line 18 - Expenses / Part XI - change in net assets The increase in expenses reported in Part I, Line 18 and the corresponding change in net assets reflected in Part XI primarily reflect strategic investments made during the fiscal year to strengthen the Foundation's long-term capacity and national impact. During the year, the organization intentionally expanded national staffing and infrastructure to better support existing Affiliates and Chapters and prepare for sustainable growth across the network. These investments included enhanced program leadership, development capacity, data and evaluation systems, communications, finance, and operational support.In addition, the Foundation increased its investment in expanding services at the national level, including technical assistance, program quality, fundraising support, and organizational capacity-building for Affiliates and Chapters, as well as supporting the development of new communities interested in implementing the "I Have A Dream" model. These strategic investments were made with the expectation that they will strengthen the organization's long-term sustainability, increase fundraising capacity, and position the Foundation to serve more Dream Scholars nationwide.Management and the Board of Directors regularly review operating results, cash flow, and multi-year financial projections. While these planned investments resulted in a temporary reduction in net assets during the fiscal year, the organization maintains a diversified funding strategy and continues to focus on long-term financial sustainability through expanded philanthropic, corporate, government, and individual revenue sources. Form 990, Part X, Line 17 - Accounts Payable and Accrued Expenses The increase in accounts payable and accrued expenses at year-end primarily reflects the timing of payments associated with the Foundation's programmatic and operational activities. As a national organization supporting multiple Affiliates and Chapters, the Foundation routinely incurs obligations related to program delivery, personnel, professional services, grants, and other operating expenses that are recognized in the fiscal year but paid in the normal course of business shortly thereafter.These balances are a normal component of the Foundation's operating cycle and do not represent long-term debt obligations or financial distress. The Foundation does not carry tax-exempt bond liabilities or mortgage debt, and management actively monitors cash flow, working capital, and vendor obligations to ensure timely payment of all liabilities. The year-end balances are consistent with the organization's ongoing financial management practices and continued investment in its mission. Form 990, Part X, Line 27 - Net Assets Without Donor Restrictions Net assets without donor restrictions were negative at year-end primarily due to the strategic deployment of unrestricted resources to support the Foundation's long-term growth and mission. During the fiscal year, the Foundation intentionally invested unrestricted funds to expand national operations, strengthen organizational infrastructure, enhance program support for Affiliates and Chapters, and build capacity for future growth. These investments included expanding national staffing, strengthening finance, development, data and evaluation, communications, and program support functions, as well as supporting the development of new Affiliate and Chapter opportunities.In addition, the timing of revenue recognition and the receipt of restricted contributions contributed to the year-end presentation of unrestricted net assets. While many contributions received during the year are donor restricted for future programmatic activities, the Foundation utilized available unrestricted resources to fund organizational capacity and mission-critical investments that are not supported by restricted funding.Although net assets without donor restrictions were negative at year-end, the Foundation continues to maintain significant net assets with donor restrictions designated for programmatic purposes in future periods. Management and the Board of Directors actively monitor liquidity, operating results, and long-term financial sustainability. The Foundation remains committed to strengthening unrestricted revenue through diversified fundraising efforts while continuing to responsibly invest in the infrastructure necessary to expand services and increase impact for Dream Scholars nationwide. Form 990, Part X, line 32 - Net Assets The Foundation maintains a strong overall net asset position that supports its long-term financial stability and mission. A significant portion of the Foundation's net assets is donor restricted and designated for future programmatic activities, reflecting the confidence of institutional, corporate, and individual donors in the organization's long-term impact. These restricted resources provide dedicated funding for future program delivery and ensure the Foundation can fulfill donor intent while continuing to serve Dream Scholars and their families.The composition of the Foundation's net assets reflects the nature of nonprofit funding, where many contributions are restricted for specific programs or future periods. Management and the Board of Directors actively oversee the organization's financial position, liquidity, and long-term sustainability through regular financial monitoring, diversified revenue strategies, and prudent stewardship of resources. Together, these practices position the Foundation to continue investing in organizational capacity while maintaining a strong financial foundation to support its mission for years to come.