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Nonprofiteer
← I HAVE A DREAM FOUNDATION-LOS ANGELES

Form 990 for tax year 2022

Filed by I HAVE A DREAM FOUNDATION-LOS ANGELES.

Totals

Total revenue
$665,424
Total expenses
$1,025,450
Contributions and grants received
$290,938
Grants paid
$47,713
Program service revenue
$0
Investment income
$374,486
Other revenue
$0
Total assets, end of year
$1,906,193
Total liabilities, end of year
$230,501
Net assets or fund balances, end of year
$1,675,692
Program services expenses (Part IX)
$835,409
Management and general expenses
$178,639
Fundraising expenses
$11,402
Program service expenses (Part III)
$835,409

Program services were 81.5% 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

    $34,223

  • 1f · All other contributions, gifts and grants

    $256,715

  • 1g · Noncash contributions included above

    $17,291

  • 3 · Investment income

    total $30,278 · excluded $30,278

  • 7a · Gross sales of assets other than inventory

    securities $742,765

  • 7b · Less cost or other basis and sales expenses

    securities $398,557

  • 7c · Gain or loss

    securities $344,208

  • 7d · Net gain or loss

    total $344,208 · excluded $344,208

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,000 · program services $2,000

  • 2 · Grants to domestic individuals

    total $45,713 · program services $45,713

  • 5 · Compensation of officers, directors and key employees

    total $127,894 · program services $102,315 · management and general $24,044 · fundraising $1,535

  • 7 · Other salaries and wages

    total $373,600 · program services $298,880 · management and general $70,237 · fundraising $4,483

  • 8 · Pension plan contributions

    total $7,666 · program services $6,133 · management and general $1,441 · fundraising $92

  • 9 · Other employee benefits

    total $65,830 · program services $52,664 · management and general $12,376 · fundraising $790

  • 10 · Payroll taxes

    total $40,603 · program services $32,483 · management and general $7,633 · fundraising $487

  • 11c · Fees: accounting

    total $103,336 · program services $82,669 · management and general $19,427 · fundraising $1,240

  • 11g · Fees: other

    total $64,092 · program services $51,274 · management and general $12,049 · fundraising $769

  • 13 · Office expenses

    total $25,311 · program services $20,249 · management and general $4,758 · fundraising $304

  • 14 · Information technology

    total $6,805 · program services $5,444 · management and general $1,279 · fundraising $82

  • 16 · Occupancy

    total $62,550 · program services $50,040 · management and general $11,759 · fundraising $751

  • 19 · Conferences, conventions and meetings

    total $21,837 · program services $17,469 · management and general $4,106 · fundraising $262

  • 20 · Interest

    total $193 · program services $154 · management and general $38 · fundraising $1

  • 22 · Depreciation, depletion and amortization

    total $134 · program services $107 · management and general $25 · fundraising $2

  • 23 · Insurance

    total $21,030 · program services $16,824 · management and general $3,954 · fundraising $252

  • 24a · Other expenses: PROGRAM EXPENDITURES

    total $27,532 · program services $27,532

  • 24b · Other expenses: BAD DEBT EXPENSES

    total $17,168 · program services $13,734 · management and general $3,228 · fundraising $206

  • 24c · Other expenses: WORKER'S COMPENSATION I

    total $6,804 · program services $5,443 · management and general $1,279 · fundraising $82

  • 24d · Other expenses: DREAMER DINNER EXPENSES

    total $3,537 · program services $2,830 · management and general $665 · fundraising $42

  • 24e · All other expenses

    total $1,815 · program services $1,452 · management and general $341 · fundraising $22

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $108,131 · end of year $170,169

  • 3 · Pledges and grants receivable

    beginning of year $73,187 · end of year $34,064

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,144 · end of year $1,187

  • 10a · Land, buildings and equipment: cost or other basis

    $166,231

  • 10b · Land, buildings and equipment: accumulated depreciation

    $166,231

  • 10c · Land, buildings and equipment, net

    beginning of year $135 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $2,122,229 · end of year $1,696,823

  • 15 · Other assets

    beginning of year $4,950 · end of year $3,950

  • 17 · Accounts payable and accrued expenses

    beginning of year $94,691 · end of year $83,580

  • 24 · Unsecured notes and loans payable

    beginning of year $146,921 · end of year $146,921

  • 27 · Net assets without donor restrictions

    beginning of year $1,253,059 · end of year $1,333,328

  • 28 · Net assets with donor restrictions

    beginning of year $822,105 · end of year $342,364

Mission and programs · 2022

Mission

TO HELP YOUTH AND THEIR FAMILIES FROM UNDER-SERVED LOS ANGELES COMMUNITIES BECOME EMPOWERED MEMBERS OF SOCIETY BY PROVIDING A LONG-TERM PROGRAM THAT INCLUDES: ACADEMIC SUPPORT, COLLEGE AND CAREER READINESS, LIFE SKILL DEVELOPMENT, PARENT ENGAGEMENT AND SOCIAL-EMOTIONAL SUPPORT.

Activities or mission (Part I)

THE "I HAVE A DREAM" FOUNDATION'S MISSION IS TO EMPOWER CHILDREN FROM UNDER-RESOURCED COMMUNITIES TO SUCCEED IN SCHOOL, COLLEGE, AND CAREER BY PROVIDING ACADEMIC, SOCIAL, AND EMOTIONAL SUPPORT FROM ELEMENTARY SCHOOL THROUGH COLLEGE, ALONG WITH POSTSECONDARY TUITION ASSISTANCE.

  • OUR MISSION IS TO PROVIDE OUR DREAMER SCHOLARS WITH THE ACADEMIC, SOCIO-EMOTIONAL, AND CULTURAL RESOURCES TO HELP THEM DEVELOP THE SKILLS NEEDED TO GRADUATE FROM HIGH SCHOOL AND TO GET THROUGH A COLLEGE EDUCATION. WE SERVE OUR DREAM SCHOLARS FOR 12+ CONSECUTIVE YEARS FROM FIRST GRADE TO HIGH SCHOOL, AND THEN TO AND THROUGH COLLEGE HELPING THEM EFFECTIVELY NAVIGATE AN EDUCATIONAL PATHWAY TO AN EMPOWERED FUTURE. UNIQUE AMONG EDUCATION CHARITIES, IHADLA OFFERS THE ONLY ACADEMIC, SOCIO-EMOTIONAL AND FAMILY ASSISTANCE PROGRAM THAT IS IN SCHOOL, AFTER SCHOOL, YEAR-ROUND, AND LONG-TERM. WE CURRENTLY SERVE NEARLY 314+ YOUTH ACROSS 20 PROGRAMS FROM THE UNDERSERVED COMMUNITIES OF BOYLE HEIGHTS, WATTS & INGLEWOOD.

    Expenses $835,409 · Grants $47,713

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ronald Camhi

    BOARD CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Vanessa Frank

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Christiane Cuse

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Darryl Frank

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • David Kim

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Donna Rosenstein

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Edgardo Hernandez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Eileen Powers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Grant F Little III

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Justin Falvey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tom Wertheimer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kelly Goode

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Laurie Zaks

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Nancy Cotton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Richard Wolf

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sabrina Strong

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Susan Sprung

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Terence Carter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Annie Rice

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michelle Alfonso

    BOARD MEMBER (UNTIL 3/14/23)

    Total calculated
    $0
    Hours/week
    1

  • Janell Lewis

    EXECUTIVE DIRECTOR (UNTIL 5/16/23)

    Total calculated
    $127,894
    From this org
    $120,000
    From related orgs
    $0
    Other
    $7,894
    Hours/week
    40

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202411369349315341

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

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