2026-03-02T08:03:12-06:00 2025-06-30 943108253 NOVOGRADAC & COMPANY LLP PO BOX 7833 SAN FRANCISCO CA 941207833 990 2024-07-01 943255817 KRISTI YAMAGUCHI'S ALWAYS DREAM KRIS 9253094359 125 RAILROAD AVENUE SUITE 203 DANVILLE CA 94526 MICHAEL MILTON DIRECTOR AND TREASURER 9253094359 2026-03-02 1 0 JEFFREY T NISHITA P01314785 4153568000 2024 2025-03-06 01:10:19Z MICHAEL MILTON 125 RAILROAD AVENUE SUITE 203 DANVILLE CA 94526 3229790 0 X WWW.ALWAYSDREAM.ORG X 1996 CA SEE SCHEDULE OTHE ORGANIZATION'S PURPOSE IS TO ENGAGE IN CHARITABLE AND EDUCATIONAL ACTIVITIES, INCLUDING BUT NOT LIMITED TO ENSURING 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. 15 15 19 25 0 0 2201384 2559943 297700 542350 48700 62129 -331478 -398499 2216306 2765923 29648 27725 0 0 1043029 1357922 0 0 486341 866010 994757 1938687 2380404 277619 385519 3926696 4387507 135372 98997 3791324 4288510 SEE SCHEDULE O 0 0 1603270 27725 542350 THE ALWAYS READING PROGRAM SERVED 1,830 STUDENTS AND 2,877 FAMILY MEMBERS ACROSS 132 PRE-KINDERGARTEN, TRANSITIONAL KINDERGARTEN, AND KINDERGARTEN CLASSROOMS AT 36 ELEMENTARY SCHOOLS IN TWO STATES: CALIFORNIA AND HAWAI'I. 1603270 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 26 0 19 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 15 15 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA HI X X X THE ORGANIZATION 9253094359 125 RAILROAD AVENUE SUITE 203 DANVILLE CA 94526 KRISTI YAMAGUCHI DIRECTOR AND CHAIR 4.00 X X 0 0 0 NADYNE ORONA DIRECTOR 1.00 X 0 0 0 AIMEE ENG DIRECTOR 1.00 X 0 0 0 BRET HEDICAN DIRECTOR 1.00 X 0 0 0 LOUISE ING DIRECTOR 1.00 X 0 0 0 CASEY JOHNSON DIRECTOR AND PRESIDENT 2.00 X X 0 0 0 MARK MCCAFFREY DIRECTOR 2.00 X X 0 0 0 JOHN RAMSBACHER DIRECTOR AND SECRETARY 1.00 X X 0 0 0 KARA OKAMOTO DIRECTOR 1.00 X 0 0 0 SARA JO BUEHLER DIRECTOR 1.00 X 0 0 0 KRISTEN CORRELL DIRECTOR 1.00 X 0 0 0 HUTCH HSIEH DIRECTOR AND VICE PRESIDENT 1.00 X X 0 0 0 MICHAEL MILTON DIRECTOR AND TREASURER 1.00 X X 0 0 0 NICOLE AUYANG DIRECTOR 1.00 X 0 0 0 JEFFREY TING DIRECTOR 1.00 X 0 0 0 AARIKA RIDDLE EXECUTIVE DIRECTOR 40.00 X 182131 0 0 LORI YAMAGUCHI DIRECTOR OF PROGRAMS 40.00 X 125539 0 0 MICHELLE COLLIER DEVELOPMENT & MARKETING DI 40.00 X 125343 0 0 433013 0 0 3 0 1 0 0 674662 1885281 179206 2559943 SCHOOL DISTRICT SERVICES 711510 542350 542350 542350 62129 62129 64300 674662 463867 -399567 -399567 MISCELLANEOUS REVENUE 900099 1068 1068 1068 2765923 543418 0 -337438 10875 10875 16850 16850 182130 72852 36426 72852 910634 624336 84771 201527 190610 164314 14627 11669 74548 58540 8732 7276 97740 97740 31069 15782 12908 2379 144874 68786 28207 47881 36517 19442 2604 14471 15484 11314 1346 2824 PROGRAM SOFTWARE AND HA 293731 293731 SERVICES & IN-KIND 179206 70292 108914 PROGRAM BOOKS 68867 68867 PROGRAM TECH. - OTHER 61646 61646 65623 45643 3432 16548 2380404 1603270 290793 486341 607638 766849 329959 268832 388355 320222 10937 10937 0 0 1837512 2229395 763232 802209 3926696 4387507 47922 82397 87450 16600 135372 98997 X 2563037 2790170 1228287 1498340 3791324 4288510 3926696 4387507 385519 111667 0 X 0 1 X 1 0 X 1011115 849133 1298119 2201384 2559943 7919694 1011115 849133 1298119 2201384 2559943 7919694 7919694 29931 39305 103679 48700 62129 283744 538 1787 10107 6171 1068 19671 8223109 0.96310 0.95230 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 2020 AMOUNT: $ 538. 2021 AMOUNT: $ 1,787. 2022 AMOUNT: $ 10,107. 2023 AMOUNT: $ 6,171. 2024 AMOUNT: $ 1,068. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 91806 5996 238 97564 85945 6300 439 91806 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 108102 BENEFICIAL ASSETS IN TRUST 694107 802209 X 2877590 111667 111667 2765923 0 2765923 2380404 0 2380404 0 2380404 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, 2025 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 0 CA HI ANNUAL GALA 485404 444904 40500 18050 119959 35030 209727 HAWAII EVENT 253558 229758 23800 132 44338 15941 20690 738962 674662 64300 18182 164297 50971 230417 463867 -399567 1 SKATING SCHOLARSHIP 1 16850 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 166731 0 15400 0 0 0 0 0 0 0 182131 0 0 0 LORI YAMAGUCHI FAMILY MEMBER: KRISTI YAMAGUCHI AND BRET HEDICAN 125539 COMPENSATION 0 X 70292 RETAIL VALUE OF BOOKS X AUCTION ITEMS 122 100229 FMV X STAGING & DECOR 1 5860 FMV X ENTERTAINMENT 1 2826 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 BOARD CHAIRPERSON KRISTI YAMAGUCHI AND BOARD MEMBER BRET HEDICAN WERE MARRIED DURING THE ORGANIZATIONS TAX YEAR. 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.