2025-11-04T09:34:13-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 6501 AMERICAS PARKWAY NE SUITE 500 ALBUQUERQUE NM 87110 990 2024-01-01 850417347 DREAMSPRING DREA 5052438844 2000 ZEARING AVENUE NW ALBUQUERQUE NM 87104 SUZETTE M LONGFELLOW CFO 5052438844 2025-10-31 1 1 JESSICA LOCKER CPA P01367046 5058428290 2025-10-31 2024 2025-03-06 01:10:19Z SUZETTE M LONGFELLOW 2000 ZEARING AVENUE NW ALBUQUERQUE NM 87104 16480568 0 X WWW.DREAMSPRING.ORG X 1994 NM DREAMSPRING IS A NONPROFIT COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) AND U.S. SMALL BUSINESS ADMINISTRATION (SBA) LENDER DEDICATED TO ACCELERATING THE ECONOMIC INCLUSION AND STRENGTH OF UNDERSERVED COMMUNITIES. FOUNDED IN 1994, THE ORGANIZATION PROVIDES RAPID ACCESS TO CAPITAL AND CUSTOMIZED WRAP-AROUND SUPPORT TO THE MOST VULNERABLE SMALL BUSINESS OWNERS IN 27 STATES, FOCUSING ON UNDERCAPITALIZED COMMUNITIES INCLUDING LOW-INCOME EARNERS, RURAL COMMUNITIES, STARTUPS, PEOPLE WITH DISABILITIES, AND OTHERS." 10 10 50 15 0 0 5286403 5043051 9018992 6272913 273126 3094672 96303 116656 14674824 14527292 0 0 0 0 6068177 5519315 0 0 834266 17055455 8763847 23123632 14283162 -8448808 244130 72311430 69204204 47631443 44192462 24679987 25011742 DREAMSPRING INCREASES ACCESS TO BUSINESS CREDIT, MAKES LOANS AND PROVIDES TRAINING WHICH ENABLE UNDERSERVED ENTREPRENEURS TO REALIZE THEIR DREAMS AND BE CATALYSTS FOR POSITIVE ECONOMIC AND SOCIAL CHANGE. 0 0 12629620 0 6389569 DREAMSPRING PROVIDES TOOLS TO HELP SMALL BUSINESSES OPERATE, GROW OR START THEIR BUSINESS. WE INCREASE ACCESS TO BUSINESS CREDIT, MAKE LOANS AND PROVIDE TRAINING TO HELP ENTREPRENEURS THRIVE. IN 2024 DREAMSPRING MADE 140 LOANS, FOR $9.74 MILLION, THAT CREATED OR SUSTAINED 4,138 JOBS. 12629620 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 42 0 1 50 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA CO FL KS NV NM OH OK WA X X ANALISA SMITH 5052438844 2000 ZEARING AVE NW ALBUQUERQUE NM 87104 ANTHONY SHARETT BAORD CHAIR 2.00 0.00 X X 0 0 0 IRV ASHFORD JR SECRETARY 2.00 0.00 X X 0 0 0 ALICE RODRIGUEZ VICE CHAIR 2.00 0.00 X X 0 0 0 VIRGINIA BAYLESS TREASURER 2.00 0.00 X X 0 0 0 EDMOND JOHNSON IMMMEDIATE PAST CHAIR 2.00 0.00 X X 0 0 0 BETTY ARKELL DIRECTOR 2.00 0.00 X 0 0 0 YASHODA NAIDOO DIRECTOR 2.00 0.00 X 0 0 0 JERRIE MERRITT DIRECTOR 2.00 0.00 X 0 0 0 KIM PEONE DIRECTOR 2.00 0.00 X 0 0 0 MANNY ALVAREZ DIRECTOR 2.00 0.00 X 0 0 0 ANNE HAINES PRESIDENT & CEO 40.00 0.00 X 281915 0 14743 SUZETTE M LONGFELLOW CHIEF FINANCIAL OFFICER 40.00 0.00 X 216914 0 12793 MARISA BARRERA CHIEF IMPACT OFFICER 40.00 0.00 X 187827 0 5989 FRANCISCO LOPEZ CHIEF OPERATIONS & INNOVATION OFFICER 40.00 0.00 X 114248 0 177 MARGARET SMITH CHIEF LENDING & CLIENT EXP OFFICER 40.00 0.00 X 173285 0 11484 AMBER MARIE KANI HEAD OF STAKEHOLDER ENGAGEMENT 40.00 0.00 X 165299 0 11244 ANALISA SMITH SR. DIRECTOR OF FINANCE 40.00 0.00 X 134662 0 10325 DARCIE DEFOE DIRECTOR OF MARKETING 40.00 0.00 X 133992 0 10305 1408142 0 77060 8 0 1 0 0 2272566 2770485 24935 5043051 LOAN INTEREST AND FEES 522200 5833358 5833358 SECURED DEBT 522200 436095 436095 SBA PPP LENDING FEES 522200 3460 3460 6272913 1034544 1034544 1513404 2500000 1333815 619461 179589 1880539 2060128 2060128 MANAGEMENT FEES 900099 116534 116534 PARTNERSHIP INCOME - A 900099 122 122 116656 14527292 6389569 0 3094672 1019376 548358 368344 102674 3901265 3235164 141408 524693 286115 230994 17450 37671 312559 240989 31648 39922 160436 121995 28894 9547 108235 82302 19493 6440 16874 16874 413801 314656 74523 24622 155410 142400 41 12969 178115 113746 48186 16183 345894 283645 33832 28417 101420 79403 11399 10618 47262 37070 904 9288 19347 14655 2000 2692 1499540 1499540 84888 67518 8840 8530 61761 46321 15440 LOAN LOSS PROVISION 5387090 5387090 LOAN SERVICING EXPENSE 183774 183774 14283162 12629620 819276 834266 X 129578 116572 42 12964 21027488 30814914 90923 57258 1275362 1068187 609150 570339 45046355 33574600 191294 213801 3892075 1891971 2536829 2000104 1447970 775419 6000 7000 80059 122582 72311430 69204204 3141107 3200083 3471501 3498796 41018835 37493583 47631443 44192462 X 16630965 19717274 8049022 5294468 24679987 25011742 72311430 69204204 X 244130 -88735 176360 X X 0 1 X 1 1 1 X 9326277 7512573 7822206 5286403 5043051 34990510 9326277 7512573 7822206 5286403 5043051 34990510 14247944 20742566 40905 45423 41890 248227 1034544 1410989 36401499 59477028 0.56980 0.52840 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2201671 314585 314585 2201671 2201671 351504 351504 2201671 2201671 -157834 -157834 2201671 2201671 224558 224558 2201671 2201671 221407 221407 2201671 0.00000 1.00000 0.00000 0 0 451072 451072 2377888 1307437 1070451 1063115 584534 478581 2000104 X 14351549 -88735 46522 -42213 14393762 16874 116656 133530 14527292 14019789 46522 46522 13973267 16874 293021 309895 14283162 PART V, LINE 4: THE ENDOWMENT FUNDS HAVE TWO USES. FIRST THE LOAN PORTFOLIO WITH A BALANCE OF $1,495,493, IS AVAILABLE IF NEEDED TO BE USED TO LEND TO DREAMSPRING'S CLIENTS, ANY CHARGE-OFF AMOUNTS ARE REIMBURSED BY OPERATING FUNDS. AS OF 12/31/24 IT WAS ALL LENT TO CLIENTS. SECOND, IS A TRADITIONAL ENDOWMENT WITH A BALANCE OF $706,178 THAT HAS BEEN INVESTED IN MARKETABLE SECURITIES. INCOME GENERATED BY EITHER USE IS AVAILABLE FOR OPERATIONS. PART X, LINE 2: DREAMSPRING HAS ADOPTED THE PROVISION OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES. THERE WERE NO UNCERTAIN TAX POSITIONS TAKEN BY DREAMSPRING OR ANY OF THE LIMITED LIABILITY COMPANIES FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023. DREAMSPRING'S POLICY IS TO CLASSIFY INCOME TAX PENALTIES AND INTEREST, WHEN APPLICABLE, ACCORDING TO THEIR NATURAL CLASSIFICATION. PART XI, LINE 4B - OTHER ADJUSTMENTS: PARTNERSHIP INCOME - DREAMSPRING 2007A LLC 20. PARTNERSHIP INCOME - DREAMSPRING 2011C LLC 20. PARTNERSHIP INCOME - DREAMSPRING 2013D LLC 20. PARTNERSHIP INCOME - DREAMSPRING 2014E LLC 20. PARTNERSHIP INCOME - DREAMSPRING 2017G LLC 40. PARTNERSHIP INCOME - DREAMSPRING 2024H LLC 2. MANAGEMENT FEE 116,534. PART XII, LINE 4B - OTHER ADJUSTMENTS: INTEREST EXPENSE 293,021. SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 10 PROGRAM SERVICES SOFTWARE DEVELOPMENT FOR LENDING SYSTEM 497907 0 10 0 0 0 10 497907 0 497907 0 0 0 0 0 0 X X X X X 1 0 0 0 0 0 0 0 0 ANNE HAINES PRESIDENT & CEO 281915 0 0 0 0 0 8457 0 6286 0 296658 0 0 0 SUZETTE M LONGFELLOW CHIEF FINANCIAL OFFICER 216914 0 0 0 0 0 6507 0 6286 0 229707 0 0 0 MARISA BARRERA CHIEF IMPACT OFFICER 187827 0 0 0 0 0 5635 0 354 0 193816 0 0 0 MARGARET SMITH CHIEF LENDING & CLIENT EXP OFFICER 173285 0 0 0 0 0 5199 0 6285 0 184769 0 0 0 AMBER MARIE KANI HEAD OF STAKEHOLDER ENGAGEMENT 165299 0 0 0 0 0 4959 0 6285 0 176543 0 0 0 PART I, LINE 3 THE CEO'S COMPENSATION IS APPROVED BY THE BOARD ANNUALLY. PART I, LINE 4A NAME: FRANCISCO LOPEZ, DESCRIPTION: FORMER CHIEF OPERATIONS OFFICER, CURRENT YEAR AMOUNT: $5,905. PLAN DESCRIPTION: SEVERANCE PAY X 3 24935 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B DRAFT OF 990 REVIEWED BY FINANCE COMMITTEE, AND ONCE APPROVED A COPY IS FURNISHED TO THE FULL BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C AN ANNUAL SIGN OFF IS REQUIRED OF ALL BOARD MEMBERS AND STAFF. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS FOR TOP OFFICIAL: INDEPENDENT COMPENSATION STUDY IS PERFORMED PERIODICALLY. EXECUTIVE COMMITTEE WRITTEN REVIEW. COMPENSATION PROCESS FOR OFFICERS: INDEPENDENT COMPENSATION STUDY IS PERFORMED PERIODICALLY. CEO REVIEWS PAY. BOARD APPROVES BUDGET. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON OUR WEBSITE OR UPON REQUEST. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: GAIN ON LLC ACTIVITY 176,360. FORM 990, PART XII, LINE 2C: THE FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR. DREAMSPRING 2007A LLC 2000 ZEARING AVE NW ALBUQUERQUE NM 87104 260693551 CAPITAL NM RELATED 51 1040 0 1 0.00080 DREAMSPRING 2011B LLC 2000 ZEARING AVE NW ALBUQUERQUE NM 87104 454150283 CAPITAL NM RELATED 29 1001 0 1 0.00040 DREAMSPRING 2011C LLC 2000 ZEARING AVE NW ALBUQUERQUE NM 87104 454151679 CAPITAL NM RELATED 29 1020 0 1 0.00040 DREAMSPRING 2013D LLC 2000 ZEARING AVE NW ALBUQUERQUE NM 87104 463546408 CAPITAL NM RELATED 27 1020 0 1 0.00030 DREAMSPRING 2014E LLC 2000 ZEARING AVE NW ALBUQUERQUE NM 87104 465445079 CAPITAL NM RELATED 44 1020 0 1 0.00040 DREAMSPRING 2017G LLC 2000 ZEARING AVE NW ALBUQUERQUE NM 87104 822452152 CAPITAL NM RELATED 43 1040 0 1 0.00090 DREAMSPRING 2024H LLC 2000 ZEARING AVE NW ALBUQUERQUE NM 87104 332308758 CAPITAL NM RELATED 3 1002 0 1 0.00090 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 1 0