Totals
- Total revenue
- $1,994,051
- Total expenses
- $1,818,511
- Contributions and grants received
- $1,880,284
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $51,149
- Other revenue
- $62,618
- Total assets, end of year
- $1,952,417
- Total liabilities, end of year
- $59,297
- Net assets or fund balances, end of year
- $1,893,120
- Program services expenses (Part IX)
- $1,428,671
- Management and general expenses
- $218,134
- Fundraising expenses
- $171,706
- Program service expenses (Part III)
- $1,428,671
Program services were 78.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$120,361
-
1e · Government grants (contributions)
$529,405
-
1f · All other contributions, gifts and grants
$1,230,518
-
3 · Investment income
total $51,149 · excluded $51,149
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$150,685
-
8a · Fundraising events: contributions included on line 1c
$120,361
-
8b · Fundraising events: direct expenses
$88,067
-
8c · Net income from fundraising events
total $62,618 · excluded $62,618
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $169,744 · program services $112,032 · management and general $28,856 · fundraising $28,856
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $942,068 · program services $844,101 · management and general $71,207 · fundraising $26,760
-
8 · Pension plan contributions
total $6,166 · program services $5,303 · management and general $555 · fundraising $308
-
9 · Other employee benefits
total $83,476 · program services $71,789 · management and general $7,513 · fundraising $4,174
-
10 · Payroll taxes
total $97,546 · program services $83,890 · management and general $8,779 · fundraising $4,877
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $20,593 · management and general $20,593
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $116,786 · program services $31,884 · management and general $31,902 · fundraising $53,000
-
12 · Advertising and promotion
total $47,610 · program services $27,113 · management and general $4,761 · fundraising $15,736
-
13 · Office expenses
total $11,318 · program services $9,758 · management and general $1,019 · fundraising $541
-
14 · Information technology
total $17,316 · program services $14,892 · management and general $1,558 · fundraising $866
-
15 · Royalties
total $0
-
16 · Occupancy
total $59,236 · program services $44,426 · management and general $8,886 · fundraising $5,924
-
17 · Travel
total $28,343 · program services $28,343
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $15,485 · management and general $15,485
-
24a · Other expenses: Student activities & camps
total $93,721 · program services $93,721
-
24b · Other expenses: Community development
total $47,868 · program services $9,537 · management and general $9,537 · fundraising $28,794
-
24c · Other expenses: Training & development
total $21,842 · program services $17,164 · management and general $4,678
-
24d · Other expenses: Scholarships
total $20,690 · program services $20,690
-
24e · All other expenses
total $18,703 · program services $14,028 · management and general $2,805 · fundraising $1,870
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $0
-
2 · Savings and temporary cash investments
beginning of year $531,837 · end of year $565,577
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $5,000 · end of year $125,841
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $10,639 · end of year $10,638
-
10a · Land, buildings and equipment: cost or other basis
$111,903
-
10b · Land, buildings and equipment: accumulated depreciation
$111,903
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
beginning of year $1,223,617 · end of year $1,250,361
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $8,439 · end of year $26,058
-
25 · Other liabilities
beginning of year $45,074 · end of year $33,239
-
27 · Net assets without donor restrictions
beginning of year $1,033,224 · end of year $1,175,646
-
28 · Net assets with donor restrictions
beginning of year $684,356 · end of year $717,474
Mission and programs · 2022
Mission
We partner with youth and their families as they successfully navigate school, college, and career by providing a holistic academic, social, and emotional program from elementary school through college, along with post-secondary scholarship assistance.
-
I Have a Dream Foundation Colorado (the "Foundation") was incorporated under the laws of the State of Colorado on February 29, 1988. In August of 2023, the Foundation changed its name to Colorado Dream Foundation. Since our founding in 1988, we have been uniquely positioned to deliver results because of the long-lasting, deep relationships we build with families, starting in elementary school and continuing through college and into a career. Our program takes place in out-of-school time settings, allowing us to utilize afternoons, evenings, and the summer to work with our youth. Our commitment to supporting youth through their post-secondary journey means we must build a long-lasting connection and understanding of them and adapt to meet their needs every step of the way. Additionally, our history of success with utilizing data and evaluation to monitor youth's academic and social-emotional growth closely positions us well to continue delivering solid results.In FY23, we had the opportunity to deliver our program at two regional sites, one in the Westwood neighborhood in Southwest Denver and one in the Green Valley Ranch neighborhood in Far Northeast Denver. Over the course of the year, we used several metrics to ensure we are successfully preparing our youth for high school graduation and secondary success. The following results demonstrate our progress in FY23:Overall participation numbers: 318 unique 3rd through 9th-grade youth served between July 2022 and June 2023Maintaining regular attendance rates: 89% average daily attendance for regular attendeesAfter-School Programming: Supported youth from 32 different schoolsFamily and youth program satisfaction rates: 100% of families and youth were satisfied or very satisfied with the quality of programming One on One Therapy Sessions: 105 Clients Served across two sites, with 87% of clients meeting one or more therapy goals Family Support through Systems Advocacy: 150 partner organizations were identified to assist families. Over 200 touchpoints with families throughout the yearNumber of post-secondary participants: 22 participantsNumber of post-secondary participants receiving scholarship support: 7The Foundation is supported primarily by private and public sector grants and donations and is committed to maintaining financial stability. The Foundations diverse leadership team and Board of Directors provide operational oversight to ensure its continuing financial health.
Expenses $1,428,671
As filed on the 2022 return.
Listed in Part VII
-
Kimberlee Sia
President & CEO
- Total calculated
- $167,156
- From this org
- $156,538
- From related orgs
- $0
- Other
- $10,618
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $156,538
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $10,618
- Filer's total
- $167,156
-
Fernando Branch
Program Director
- Total calculated
- $113,641
- From this org
- $112,757
- From related orgs
- $0
- Other
- $884
- Hours/week
- 40
-
Stephanie Dreiling
VP of Finance
- Total calculated
- $112,717
- From this org
- $102,152
- From related orgs
- $0
- Other
- $10,565
- Hours/week
- 40
-
George Flanders
Director
- Total calculated
- $0
- Hours/week
- 2
-
Rusty Wehner
Director
- Total calculated
- $0
- Hours/week
- 2
-
Steven Paletz
Director
- Total calculated
- $0
- Hours/week
- 2
-
Leslie Ginsburg
Director
- Total calculated
- $0
- Hours/week
- 2
-
Wendy Rockwell
Secretary
- Total calculated
- $0
- Hours/week
- 10
-
Tonya Allen
Director
- Total calculated
- $0
- Hours/week
- 2
-
Becky Stifter
Director
- Total calculated
- $0
- Hours/week
- 2
-
Sean Camacho
Director
- Total calculated
- $0
- Hours/week
- 2
-
Mark Humphrey
Director
- Total calculated
- $0
- Hours/week
- 2
-
Robert L Cohen
Director
- Total calculated
- $0
- Hours/week
- 2
-
Denny O'Malley
Treasurer
- Total calculated
- $0
- Hours/week
- 10
-
Shelby Martin
Director
- Total calculated
- $0
- Hours/week
- 2
-
Vanessa Davison
Chair Elect
- Total calculated
- $0
- Hours/week
- 10
-
Derek Schoonover
Chair
- Total calculated
- $0
- Hours/week
- 10
-
Jim Stambaugh
Director
- Total calculated
- $0
- Hours/week
- 2
-
Anthony Albanese
Director
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 5 December 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323399349301002
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