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Education : Scholarship and Financial Support

"I Have a Dream" Foundation

Empowering children in low-income communities to achieve higher education

two stars

79.16

322 Eighth Avenue Suite 202
New York, NY 10001
tel: (212) 293-5480   Web Site
EIN: 13-3355315

Board Leadership
J. Ronald Terwilliger
Chairman

CEO
Eugena Oh
President & CEO

  Score
(out of 100)
Rating
Overall Score & Rating 79.16 two stars
  Financial 72.66 two stars
  Accountability & Transparency 89.00 three stars
This rating was published 12/01/2019 and includes data from FY2018, the most recent 990 received at that time.

Founded in 1986 by businessman Eugene M. Lang, the "I Have A Dream" Foundation empowers children in low-income communities to achieve higher education and fulfill their leadership potential by providing them with guaranteed tuition support and equipping them with the skills, knowledge, and habits they need to gain entry to higher education and succeed in college and beyond. By helping our Dreamers gain access to college, we are putting our Dreamers on a different academic and life trajectory. We sponsor entire grade levels of 50-100 students in under-resourced public schools or housing developments and work with these Dreamers from early elementary school all the way through high school. Upon high school graduation, each Dreamer receives guaranteed tuition assistance for higher education.

Founded in 1986 by businessman Eugene M. Lang, the "I Have A Dream" Foundation empowers children in low-income communities to achieve higher education and fulfill their leadership potential by providing them with guaranteed tuition support and equipping them with the skills, knowledge, and habits they need to gain entry to higher education and succeed in college and beyond. By helping our Dreamers gain access to college, we are putting our Dreamers on a different academic and life trajectory. We sponsor entire grade levels of 50-100 students in under-resourced public schools or housing developments and work with these Dreamers from early elementary school all the way through high school. Upon high school graduation, each Dreamer receives guaranteed tuition assistance for higher education.

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Financial

two stars

72.66

Accountability & Transparency

three stars

89.00

This rating was published 12/01/2019 and includes data from FY2018, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
63.2%
  Administrative Expenses 12.2%
  Fundraising Expenses 24.4%
  Fundraising Efficiency $0.23
  Working Capital Ratio (years) 0.85
  Program Expenses Growth 6.4%
  Liabilities to Assets 11.6%
All data for Financial Performance Metrics calculations was provided by "I Have a Dream" Foundation on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by "I Have a Dream" Foundation on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
"I Have a Dream" Foundation (NY) 79.16 two stars
College Now Greater Cleveland (OH) 94.29 four stars
Scholarship America (MN) 87.80 three stars
George Snow Scholarship Fund Inc. (FL) 100.00 four stars
Children's Scholarship Fund (NY) 94.47 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $848,333
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $848,333
   Program Service Revenue $72,429
Total Primary Revenue $920,762
   Other Revenue $752,271
TOTAL REVENUE $1,673,033
   
EXPENSES  
   Program Expenses $2,035,272
   Administrative Expenses $435,630
   Fundraising Expenses $440,888
TOTAL FUNCTIONAL EXPENSES $2,911,790
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-1,238,757
   
Net Assets $2,812,977

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Dreamer & Affiliate Support $1,098,592 54.0%
Program Strategy & Design $408,202 20.1%
Data and Performance Management $344,981 17.0%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-08 12/01/2019 79.16 two stars
2017-08 12/01/2018 83.32 three stars
2016-08 12/01/2017 79.61 two stars
2015-08 11/01/2016 82.93 three stars
2014-08 06/01/2016 81.49 three stars
 
CN 2.0
2014-08 11/01/2015 77.13 two stars
2013-08 08/01/2014 72.58 two stars
2012-08 04/01/2013 91.19 four stars
2011-08 07/01/2012 89.04 three stars
2011-08 05/01/2012 87.98 three stars
2010-08 09/20/2011 91.14 four stars
 
CN 1.0
2010-08 07/01/2011 87.12 three stars
2009-08 08/01/2010 86.76 three stars
2008-08 09/01/2009 77.95 two stars
2007-08 12/01/2008 67.84 one star
2006-08 02/01/2008 78.44 two stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 13-3355315
Name in IRS Master File I HAVE A DREAM FOUNDATION
NTEE Code I99
NTEE Classification Crime, Legal Related N.E.C.
NTEE Type Crime, Legal-Related
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (602) Gifts, grants, or loans to other organizations
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date August, 1995
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End August
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • August, 2017
  • August, 2016
  • August, 2015
  • August, 2014
  • August, 2013
Compensation % of Expenses Paid to Title
$161,069 5.53% Eugena Oh President & CEO
Other Salaries of Note
$256,606 8.81% Donna Lawrence Former President & CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
"I Have a Dream" Foundation (NY) 79.16 two stars
Astronaut Scholarship Foundation Inc. (FL) 87.07 three stars
Arizona Private Education Scholarship Fund (AZ) 88.81 three stars
Asian & Pacific Islander American Scholarship Fund (DC) 86.36 three stars
Memphis Opportunity Scholarship Trust (TN) 88.98 three stars

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Charity Contact Info

"I Have a Dream" Foundation
322 Eighth Avenue
Suite 202
New York, NY 10001
tel: (212) 293-5480
fax: (212) 293-5478
EIN: 13-3355315

Visit Web Site

Board Leadership

J. Ronald Terwilliger
Chairman

CEO

Eugena Oh
President & CEO

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