Mission:

DreamSpring (formerly Accion serving Arizona, Colorado, Nevada, New Mexico and Texas) increases access to business credit, makes loans, and provides training which enable entr ... (More)

DreamSpring is a 501(c)(3) organization, with an IRS ruling year of 1995, and donations are tax-deductible.  Cause: Housing and Neighborhood Development


Contact Information

  https://dreamspring.org

 2000 Zearing Ave. NW
Albuquerque NM 87104 

  800-508-7624


You are viewing this organization's new Charity Navigator profile page. To view the legacy version, click here.

Star Rating System


Charity Navigator evaluates a nonprofit organization’s financial health including measures of stability, efficiency and sustainability. We also track accountability and transparency policies to ensure the good governance and integrity of the organization.




Exceptional

This charity's score is 92.92, earning it a 4-Star rating. Donors can "Give with Confidence" to this charity. 

This score is calculated from two sub-scores:

This score represents Form 990 data from 2019, the latest year published by the IRS.

View this organization's historical ratings on our legacy website.


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Star Rated Report

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Program Expense

Program Expense Ratio

91.6%


The Program Expense Ratio is determined by Program Expenses divided by Total Expense (average of most recent three 990s).


This measure reflects the percent of its total expenses a charity spends on the programs and services it exists to deliver. Dividing a charity's average program expenses by its average total functional expenses yields this percentage. We calculate the charity's average expenses over its three most recent fiscal years.


Source: IRS Form 990

Administrative Expenses

3.3%


As reported by charities on their IRS Form 990, this measure reflects what percent of its total budget a charity spends on overhead, administrative staff and associated costs, and organizational meetings. Dividing a charity's average administrative expenses by its average total functional expenses yields this percentage. We calculate the charity's average expenses over its three most recent fiscal years.


Source: IRS Form 990

Fundraising Expenses

5.0%


This measure reflects what a charity spends to raise money. Fundraising expenses can include campaign printing, publicity, mailing, and staffing and costs incurred in soliciting donations, memberships, and grants. Dividing a charity's average fundraising expenses by its average total functional expenses yields this percentage. We calculate the charity's average expenses over its three most recent fiscal years.


Source: IRS Form 990

Liabilities to Assets Ratio

74.5%


The Liabilities to Assets Ratio is determined by Total Liabilities divided by Total Assets (most recent 990).


Part of our goal in rating the financial performance of charities is to help donors assess the financial capacity and sustainability of a charity. As do organizations in other sectors, charities must be mindful of their management of total liabilites in relation to their total assets. This ratio is an indicator of an organization’s solvency and or long term sustainability. Dividing a charity's total liabilities by its total assets yields this percentage.


Source: IRS Form 990

Fundraising Efficiency

$0.12


The amount spent to raise $1 in charitable contributions. To calculate a charity's fundraising efficiency, we divide its average fundraising expenses by the average total contributions it receives. We calculate the charity's average expenses and average contributions over its three most recent fiscal years.


Source: IRS Form 990

Working Capital Ratio

1.08 years


Determines how long a charity could sustain its level of spending using its net available assets, or working capital, as reported on its most recently filed Form 990. We include in a charity's working capital unrestricted and temporarily restricted net assets, and exclude permanently restricted net assets. Dividing these net available assets in the most recent year by a charity's average total expenses, yields the working capital ratio. We calculate the charity's average total expenses over its three most recent fiscal years.


Source: IRS Form 990

Program Expense Growth

21.12%


We compute the average annual growth of program expenses using the following formula: [(Yn/Y0)(1/n)]-1, where Y0 is a charity's program expenses in the first year of the interval analyzed, Yn is the charity's program expenses in the most recent year, and n is the interval of years passed between Y0 and Yn.


Source: IRS Form 990

Governance


Charity Navigator looks to confirm on the Form 990 that the organization has these governance practices in place.


Sources Include: IRS Form 990

Governance:
Independent Voting Board Members
No Material Diversion of Assets
Audited Financials Prepared by Independent Accountant
Does Not Provide Loan(s) to or Receive Loan(s) From Related Parties
Documents Board Meeting Minutes
Distributes 990 to Board Before Filing
Compensates Board

Policies


Charity Navigator looks to confirm on the Form 990, or for some metrics on the charity's website, that the organization has these policies in place.


Sources Include: IRS Form 990 and organization's website

Policies:
Conflict of Interest
Whistleblower
Records Retention and Destruction
CEO Compensation Process
Donor Privacy

Transparency


Charity Navigator looks to confirm on the Form 990, or for some metrics on the charity's website, that the organization makes this information easily accessible.


Sources Include: IRS Form 990 and organization's website

Transparency:
CEO Salary Listed on 990
Board of Directors Listed on Website
Key Staff Listed on Website
Audited Financial Statements on Website
Form 990 Available on Website

Additional Information

Unscored

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Total Revenue and Expenses

Total Revenue and Expenses

This chart displays the trend of revenue and expenses over the past several years for this organization, as reported on their IRS Form 990.

Salary of Key Persons

Presented here are up to five of this organization's highest compensated employees. This compensation data includes salary, cash bonuses, and expense accounts and is displayed exactly how it is reported to the IRS. The amounts include salary, cash bonuses, and expense accounts. The amounts do not include nontaxable benefits, deferred compensation, or other amounts not reported on Form W-2. Read the IRS policies for compensation reporting



ANNE HAINES YATSKOWITZ, PRESIDENT & CEO

$219,272


KRISTINE MICHIE, VICE PRES OF PHILANTHROPY

$197,370


MICHAEL BURNS, COO

$170,097


FRANCISCO LOPEZ, VICE PRES OF BUSINESS INNOVATION AND PARTNERSHIPS

$135,051


MARISA BARRERA, CHIEF STRATEGY OFFICER

$123,858


Source: IRS Form 990 (page 7), filing year 2019

Business Master File Data

Below are some key data points from the Exempt Organization IRS Business Master File (BMF) for this organization. Learn more about the BMF on the IRS website


Activities:

Loans or grants for minority businesses (BMF activity code: 405)


Foundation Status:

Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi) (BMF foundation code: 15)


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). (BMF affiliation code: 3)

Data Sources: IRS Forms 990

The Form 990 is a document that nonprofit organizations file with the IRS annually. We leverage finance and accountability data from it to form Encompass ratings. Click here to view this organization's Forms 990 on the IRS website (if any are available).

...   Impact & Results


This score estimates the actual impact a nonprofit has on the lives of those it serves, and determines whether it is making good use of donor resources to achieve that impact.


Impact & Results Score

Not Currently Scored

DreamSpring cannot currently be evaluated by our Encompass Rating Impact & Results methodology because either (A) it is eligible, but we have not yet received data; (B) we have not yet developed an algorithm to estimate its programmatic impact; (C) its programs are not direct services; or (D) it is not heavily reliant on contributions from individual donors.

Note: The absence of a score does not indicate a positive or negative assessment, it only indicates that we have not yet evaluated the organization.

Learn more about Impact & Results.


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Additional Information

Unscored

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Largest Programs

Largest Programs



DreamSpring reported its largest program on its FY 2019 Form 990 as:


$11,109,916

Spent in most recent FY

100%

Percent of program expenses


DREAMSPRING INCREASES ACCESS TO BUSINESS CREDIT, MAKES LOANS AND PROVIDES TRAINING WHICH ENABLE UNDERSERVED ENTREPENEURS TO REALIZE THEIR DREAMS AND BE CATALYSTS FOR POSITIVE ECONOMIC AND SOCIAL CHANG ... (More)


...   Leadership & Adaptability


This score provides an assessment of the organization's leadership capacity, strategic thinking and planning, and ability to innovate or respond to changes in constituent demand/need or other relevant social and economic conditions to achieve the organization's mission.


Leadership & Adaptability Score

100

out of 100

The score earned by DreamSpring is a passing score.

Encompass Rating V4 provides an evaluation of the organization's Leadership & Adaptability through the nonprofit organization submitting a survey response directly to Charity Navigator.


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Leadership & Adaptability Report

100

of 100 points

Mission

The nonprofit organization presents evidence of strategic thinking through articulating the organization’s mission


DreamSpring is guided by a mission to provide financial opportunity to all people, and particularly those in underserved communities, DreamSpring has a long history of serving small business owners (SBOs) in New Mexico and the surrounding Southwestern states. DreamSpring’s goal is for all entrepreneurs—regardless of income, gender, or race/ ethnicity—to have equitable access to affordable credit to start or grow a business, achieve financial security for themselves and their families, and create jobs in their communities. Founded in New Mexico in 1994, DreamSpring (formerly Accion) later expanded its service to entrepreneurs in Arizona (2008), Colorado (2008), Nevada (2014), Texas (2015). DreamSpring now serves 12 additional states across the nation (Florida, Georgia, Iowa, Illinois, Kansas, Missouri, Nebraska, New York, North Carolina, Oklahoma, Utah, and Washington).


Source: Nonprofit submitted responses

Vision

The nonprofit organization presents evidence of strategic thinking through articulating the organization’s vision.


At DreamSpring, we believe human potential is unleashed when all people have the opportunity to shape their future. We exist to break down systemic barriers that inhibit that reality. In everything we do, we strive to exist at the intersection of compassion and capitalism. We serve people who build businesses that strengthen communities. DreamSpring provides small business loans, personalized assistance, and a source of ongoing support and encouragement.


Source: Nonprofit submitted responses

Strategic Goals

The nonprofit organization presents evidence of strategic thinking and goal setting through sharing their most important strategic goals.


Goal One: Increase self-sufficiency from 84% to 100%.

Goal Type: Invest in the capacity of our organization (financial, management, technical, etc.).


Goal Two: Support our existing borrowers so that they can continue to stay in business.

Goal Type: This goal reflects our commitment to further our advocacy work for our organization and or cause area.


Goal Three: Serve new borrowers with Financial Products and Development Services to support them so that they can continue to stay in business.

Goal Type: Grow, expand, scale or increase access to the existing programs and services.


Source: Nonprofit submitted responses

Leadership Development

The nonprofit provides evidence of investment in leadership development


Describe an investment in leadership

DreamSpring is committed to expanding opportunity for all entrepreneurs and working towards a more just and equitable society. We are especially interested in tearing down systemic economic barriers and erasing the glaring racial wealth gap that leads to disparities in health and education outcomes. We embrace diversity at all levels and work hard to build staff capacity for effective dialogue across cultural and other differences. Most recently, DreamSpring staff engaged in a multi-day workshop series with WE – who focuses on Communication & DEI (https://www.welcometowe.com/). WE teachs organizations how to communicate with a technique called Relational Mindfulness to provide skills for groups to become actionable allies and use inclusive communication via listening, language, and storytelling. DreamSpring's staff engaged in the Communication and Inclusive Leadership Series in spring 2021.

Source: Nonprofit submitted responses

Mobilizing for Mission

The nonprofit provides evidence of leadership through focusing externally and mobilizing resources for the mission.


This organization mobilizes for mission in the following ways:
  • Strategic Partnerships

  • Networks of Collective Impact Efforts

  • Thought Leadership

  • Raising Awareness

  • Community Building

What are this organization’s external mobilizaton efforts?

DreamSpring will continue to partner with federal, state, and local officials, private sector companies, banks, and other private foundations to catalyze resources and meet the capital needs of small businesses.

Source: Nonprofit submitted responses

Story of Adaptability

The nonprofit has an opportunity to tell the story of how the organization adapted to tremendous external changes in the last year.


The impact of the pandemic on our communities, businesses, and way of life, have been devastating. We at DreamSpring remain deeply grateful for the healthcare workers, researchers, and community leaders doing their part to get us through this difficult period. DreamSpring’s target market is underserved entrepreneurs, namely low-to-moderate income, minority, and/or women, whose limited access to safe and affordable credit is a barrier to small business development and the many benefits derived for individual families and entire communities. For these entrepreneurs, many of whom are unbanked or underbanked, small business ownership may be the only way to achieve financial stability for themselves and their families, while also generating economic momentum in their communities. During these uncertain times, disadvantaged communities need the critical financial and educational resources provided by resilient Community Development Financial Institutions such as DreamSpring. Our organization was uniquely prepared to respond to this crisis because it is what we do. We champion entrepreneurs’ dreams and the success of their businesses. We can act fast and provide needed capital and support within as little as 24 hours because of our state-of-the-art online lending platform. This technology platform gives DreamSpring the ability to deliver lending capital nationwide, should the financial resources be made available. 

Source: Nonprofit submitted responses

...   Culture & Community


This score provides an assessment of the organization's engagement with the constituents it serves, a practice we term Constituent Feedback. When organizations listen to constituents, they are able to better deliver on programs and meet the needs of stakeholders. A future version of this Beacon will also assess an organization's people operations and its Diversity, Equity and Inclusion (DEI) metrics.


Culture & Community Score

Not Currently Scored

DreamSpring is currently not eligible for a Culture & Community score because we have not received its Constituent Feedback data. Nonprofit organizations are encouraged to fill out the How We Listen section of their Candid profile. This data will provide the basis for the initial evaluation of Culture & Community.

Note: The absence of a score does not indicate a positive or negative assessment, it only indicates that we have not yet evaluated the organization.


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Culture & Community Report

Not Scored

This beta feature is currently viewable only on desktop or tablet screens. Check back later for updates.

Constituent Feedback

Constituent Feedback


Constituent Feedback and Listening Practice data are not available for this organization. Nonprofit organizations are encouraged to fill out the How We Listen section of their Candid profile. This data will provide the basis for the initial evaluation of Culture & Community.


Charity Navigator believes nonprofit organizations that engage in inclusive practices, such as collecting feedback from the people and communities they serve, may be more effective. We award every nonprofit that completes the Candid survey full credit for this Beacon, in recognition of their willingness to publicly share this information with the nonprofit and philanthropic communities. Although the data is not evaluated for quality at this time, future iterations of this Beacon will include third party or other data that will serve to validate the information provided by the nonprofit.

Analysis and Research


Like the overall Encompass Rating System, the Culture & Community Beacon is designed to evolve as metrics are developed and ready for integration. Our partnership with Feedback Labs and Guidestar by Candid, and other partners including Fund for Shared Insight, GlobalGiving, and Keystone Accountability, enables us to launch the first version of this beacon with Constituent Feedback information collected on Candid's site.


Feedback practices have been shown to support better Diversity, Equity, and Inclusion outcomes, an essential area of assessment that we intend to further expand and develop in the future. Feedback Labs has documented several studies which indicate that beyond achieving organizational goals, nonprofits that are attentive and responsive to concerns and ideas raised by beneficiaries establish stronger relationships with the people they serve, promote greater equity, and empower constituents in ways that can help to ensure better long-term outcomes. You can find resources to help nonprofits improve their feedback practices here.