2024-02-28T17:35:44-06:00 2023-06-30 943108253 NOVOGRADAC & COMPANY LLP PO BOX 7833 SAN FRANCISCO CA 941207833 990 2022-07-01 943255817 KRISTI YAMAGUCHI'S ALWAYS DREAM KRIS 9253094359 125 RAILROAD AVENUE SUITE 203 DANVILLE CA 94526 MICHAEL MILTON DIRECTOR AND TREASURER 9253094359 2024-02-28 1 MICHAEL MILTON 999009999 0 JEFFREY T NISHITA P01314785 4153568000 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MICHAEL MILTON 125 RAILROAD AVENUE SUITE 203 DANVILLE CA 94526 1995828 0 X WWW.ALWAYSDREAM.ORG X 1996 CA SEE SCHEDULE OTHE ORGANIZATION ENSURES CHILDREN FROM LOW-INCOME FAMILIES HAVE ACCESS TO HIGH-QUALITY BOOKS IN THE HOME ENVIRONMENT AND EXTENSIVE FAMILY ENGAGEMENT SUPPORT.WE BELIEVE THAT PROVIDING CHILDREN WITH HIGH-QUALITY BOOKS WILL HELP FOSTER A LOVE OF READING AND OUR PROGRAM WILL TEACH AND EMPOWER FAMILIES TO EMPLOY THE PRACTIVE OF CONSISTENTLY READING TOGETHER. IT IS OUR GOAL THAT EVERY CHILD ACHIEVES THE POTENTIAL TO REACH FOR THEIR DREAMS. 14 14 10 25 0 0 1087740 1298119 73700 519603 39305 103679 -167495 -271044 1033250 1650357 36948 29252 0 0 511720 691995 0 0 305048 475012 738607 1023680 1459854 9570 190503 3137901 3456477 56312 90408 3081589 3366069 SEE SCHEDULE O 0 0 943211 29252 519603 THE ALWAYS READING PROGRAM SERVED 1,000 STUDENTS AND 1,500 FAMILY MEMBERS ACROSS 68 PRE-KINDERGARTEN, TRANSITIONAL KINDERGARTEN, AND KINDERGARTEN CLASSROOMS AT 21 ELEMENTARY SCHOOLS IN TWO STATES: CALIFORNIA AND HAWAI'I. 943211 1 1 0 0 0 0 0 0 0 1 1 0 0 1 0 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 26 0 1 10 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 14 14 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA HI NV X X X THE ORGANIZATION 9253094359 125 RAILROAD AVENUE SUITE 203 DANVILLE CA 94526 KRISTI YAMAGUCHI DIRECTOR AND CHAIR 4.00 0.00 X X 0 0 0 NADYNE ORONA DIRECTOR 1.00 0.00 X 0 0 0 AIMEE ENG DIRECTOR 1.00 0.00 X 0 0 0 BRET HEDICAN DIRECTOR 1.00 0.00 X 0 0 0 LOUISE ING DIRECTOR 1.00 0.00 X 0 0 0 CASEY JOHNSON DIRECTOR AND EXECUTIVE VP 2.00 0.00 X X 0 0 0 MARK MCCAFFREY DIRECTOR AND PRESIDENT 2.00 0.00 X X 0 0 0 JOHN RAMSBACHER DIRECTOR 1.00 0.00 X 0 0 0 KARA OKAMOTO DIRECTOR 1.00 0.00 X 0 0 0 ERIC MCDONNELL DIRECTOR AND SECRETARY 1.00 0.00 X X 0 0 0 CHIRSTINE KUBOTA DIRECTOR 1.00 0.00 X 0 0 0 HUTCH HSIEH DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL MILTON DIRECTOR AND TREASURER 1.00 0.00 X X 0 0 0 NICOLE AUYANG DIRECTOR 1.00 0.00 X 0 0 0 AARIKA RIDDLE EXECUTIVE DIRECTOR 40.00 0.00 X 162167 0 0 LORI YAMAGUCHI DIRECTOR OF PROGRAMS 40.00 0.00 X 114400 0 0 DEAN OSAKI CO-FOUNDER 40.00 0.00 X 101316 0 0 MICHELLE COLLIER DEVELOPMENT & MARKETING DIRECTOR 40.00 0.00 X 102000 0 0 479883 0 0 4 0 1 0 0 479940 818179 122880 1298119 SCHOOL DISTRICT SERVICES 711510 519603 519603 519603 103679 103679 64320 479940 345471 -281151 -281151 MISCELANEOUS REVENUE 900099 10107 10107 10107 1650357 519603 0 -167365 X 29252 29252 162167 81084 48650 32433 427141 323507 5192 98442 61376 44581 4430 12365 41311 27070 4154 10087 91325 6290 85035 175158 87890 41917 45351 79501 42969 3533 32999 23670 12430 2973 8267 9360 6830 663 1867 SERVICES & IN-KIND 132880 72437 60443 PROGRAM TECHNOLOGY 125102 125102 PROGRAM BOOKS 45040 45040 PROGRAM CONSULTING 14768 14768 41803 23961 15048 2794 1459854 943211 211595 305048 387540 633004 78795 88800 51682 33268 10937 10937 0 0 1887382 1956818 732502 744587 3137901 3456477 38157 57208 18155 33200 56312 90408 X 2200947 2512666 880642 853403 3081589 3366069 3137901 3456477 190503 83977 10000 0 X 0 1 X 1 0 X 686478 549492 1011115 849133 1298119 4394337 686478 549492 1011115 849133 1298119 4394337 4394337 128997 55583 29931 39305 103679 357495 538 1787 10107 12432 4764264 0.92240 0.93270 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 2020 AMOUNT: $ 538. 2021 AMOUNT: $ 1,787. 2022 AMOUNT: $ 10,107. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 80300 6051 406 85945 92440 -11676 464 80300 77038 15755 353 92440 0.00000 1.00000 0.00000 0 0 8932 8932 0 2005 2005 0 0 SCHOOL SUPPLIES 31605 BENEFICIAL ASSETS IN TRUST 712982 744587 X 1744334 83977 10000 93977 1650357 0 1650357 1459854 0 1459854 0 1459854 PART V, LINE 4: THE PRINCIPAL OF THE ENDOWMENT WILL REMAIN INVIOLATE FOR THE LIFE OF THE FOUNDATION. INCOME FROM INVESTMENT EARNINGS WILL BE MADE AVAILABLE FOR DISTRIBUTION AND SHALL BE USED TO SUPPORT EARLY CHILDHOOD LITERACY EXPANSION EFFORTS IN HAWAI'I. PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL AND CALIFORNIA STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND RELATED CALIFORNIA CODE SECTION. AN ORGANIZATION EXEMPT FROM TAXES PURSUANT TO THESE CODE SECTIONS IS TAXED ONLY ON UNRELATED BUSINESS INCOME. THE ORGANIZATION DOES NOT HAVE UNRELATED BUSINESS INCOME FOR THE FISCAL YEAR ENDED JUNE 30, 2023 AND, ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE FINANCIAL STATEMENTS. THE ORGANIZATION FOLLOWS THE ACCOUNTING STANDARD THAT ESTABLISHES FOR ALL ENTITIES, INCLUDING NOT-FOR-PROFIT ENTITIES, A THRESHOLD FOR FINANCIAL STATEMENT RECOGNITION OF POSITIONS TAKEN IN FILING TAX RETURNS (INCLUDING WHETHER AN ENTITY IS TAXABLE IN A PARTICULAR JURISDICTION) AND REQUIRES CERTAIN EXPANDED TAX DISCLOSURES. MANAGEMENT HAS EVALUATED THE TAX POSITIONS OF THE ORGANIZATION AND CONCLUDED THAT THE ORGANIZATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENTS TO AND/OR DISCLOSURES IN THE FINANCIAL STATEMENTS. X X X X X X 1 CA HI AZ ANNUAL GALA 350049 308829 41220 34078 45747 12706 191118 HAWAII EVENT 194211 171111 23100 42011 13114 6697 544260 479940 64320 34078 87758 25820 197815 345471 -281151 1 HANDSON BAY AREA 1504 BRYANT ST SUITE 100 SAN FRANCISCO CA 94103 6890 0 ASSISTANCE WITH PROJECTS RUN BY HANDSON BAY AREA SKATING SCHOLARSHIP 1 16157 FMV PROGRAM SUPPORT PART I, LINE 2: FOR THE SKATING SCHOLARSHIP, THERE ARE PERIODIC CHECK-INS WITH THE BENEFICIARY. ALSO, THE GRANT FUNDS ARE DISTRIBUTED AFTER THE EXPENSES ARE INCURRED, SO THERE IS A PROCESS IN PLACE TO VALIDATE THE REIMBURSEMENT OF EXPENSES. X X X 0 0 0 0 0 0 0 0 0 AARIKA RIDDLE EXECUTIVE DIRECTOR 148167 0 14000 0 0 0 0 0 0 0 162167 0 0 0 LORI YAMAGUCHI FAMILY MEMBER: KRISTI YAMAGUCHI AND BRET HEDICAN 114400 COMPENSATION 0 X 52437 RETAIL VALUE OF BOOKS X AUCTION ITEMS 67 56243 FMV X MANAGEMENT 1 10000 COST OF SERVICES X BEVERAGE 8 10000 VALUE OF VOUCHERS X TRAVEL 12 4200 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 BOARD CHAIRPERSON KRISTI YAMAGUCHI AND BOARD MEMBER BRET HEDICAN ARE MARRIED. FORM 990, PART VI, SECTION A, LINE 7A KRISTI YAMAGUCHI IS A DESIGNATOR AND HAS THE POWER TO APPOINT 1/3 OF THE BOARD MEMBER SEATS. FORM 990, PART VI, SECTION B, LINE 11B REVIEWED BY CONTRACTED FINANCE DIRECTOR REVIEWED BY EXECUTIVE DIRECTOR REVIEWED AND APPROVED BY CURRENT BOARD PRESIDENT & TREASURER REVIEWED AND APPROVED BY BOARD FINANCE COMMITTEE REVIEWED AND APPROVED BY THE BOARD FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS REVIEWS THE POLICY ANNUALLY AND COMPLETES A DISCLOSURE STATEMENT VIA DOCUSIGN. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR REVIEWS SALARIES AND HOURLY RATES ANNUALLY, UTILIZING AN OUTSIDE FIRM TO COMPLETE BENCHMARKING DATA FOR POSITIONS BASED ON AN AGGREGATE OF DATA FROM FIVE DIFFERENT SOURCES. THE EXECUTIVE DIRECTOR MAKES BUDGETARY RECOMMENDATIONS AROUND EMPLOYEE COMPENSATION AND THE BOARD OF DIRECTORS APPROVES IT IN THE BUDGET APPROVAL PROCESS. THE EXECUTIVE COMMITTEE WILL COMPLETE AN ANNUAL REVIEW FOR THE EXECUTIVE DIRECTOR AND REVIEWS OCCUR ANNUALLY FOR ALL OTHER STAFF. FORM 990, PART VI, SECTION C, LINE 19 WE MAKE OUR 990 AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. GOVERNING DOCUMENTS AND CONFLICTS OF INTEREST POLICY ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 87,890. MANAGEMENT AND GENERAL EXPENSES 41,917. FUNDRAISING EXPENSES 45,351. TOTAL EXPENSES 175,158.