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Nonprofiteer
← FOLLOW YOUR DREAM FOUNDATION INC

Form 990 for tax year 2022

Filed by FOLLOW YOUR DREAM FOUNDATION INC.

Totals

Total revenue
$45,679,342
Total expenses
$25,506,103
Contributions and grants received
$45,092,822
Grants paid
$23,201,613
Program services expenses (Part IX)
$25,290,601
Management and general expenses
$215,502
Fundraising expenses
$0
Program service expenses (Part III)
$25,290,601

Program services were 99.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Amolo Ngweno

    Director

    Total calculated
    $25,000
    From this org
    $25,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Jeremy Hockenstein

    President/Treas

    Total calculated
    $0
    Hours/week
    5

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported

  • Vernon Naidoo

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Sari Miller

    Director

    Total calculated
    $0
    Hours/week
    1

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 — 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

None.

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

The filer's explanations (Part III)

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.

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
5 December 2023
IRS schema version
2022v5.0
Source object
202303399349300415

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.