Nonprofit · EIN 13-3355315
I HAVE A DREAM FOUNDATION
Tax-exempt · NEW YORK, NY 10001
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $4,410,194 | $4,465,838 | -$55,644 | $3,477,675 | $981,064 | $2,496,611 |
| August 31, 2024 | 990 | $4,231,942 | $5,004,456 | -$772,514 | $3,361,156 | $913,937 | $2,447,219 |
| August 31, 2023 | 990 | $4,241,764 | $4,529,557 | -$287,793 | $3,458,390 | $551,254 | $2,907,136 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $4,296,550
- of which government grants
- $502,566
- Program service revenue
- $57,945
- Investment income
- $167,900
- Net gain from sales of assets
- $99,814
- Net income from fundraising events
- -$112,201
- Other revenue
- -$112,201
Expenses
- Grants and similar amounts paid
- $149,035
- Compensation of officers, directors and key employees
- $215,537
- Other salaries and wages
- $1,958,740
- Salaries, compensation and benefits (total)
- $2,852,519
- Professional fundraising fees
- $0
- Occupancy
- $74,282
- Travel
- $146,699
- Depreciation
- $5,985
- Program services (functional)
- $3,240,720
- Management and general (functional)
- $806,412
- Fundraising (functional)
- $418,706
Balance sheet and other
- Total assets, start of year
- $3,361,156
- Total assets, end of year
- $3,477,675
- Total liabilities, end of year
- $981,064
- Net assets, end of year
- $2,496,611
- Land, buildings and equipment
- $14,282
- Publicly traded securities
- $2,803,245
- Net assets without donor restrictions
- $522,365
- Net assets with donor restrictions
- $1,974,246
- Gross receipts
- $4,522,395
- Employees
- 45
- Volunteers
- 277
- Year formed
- 1986
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Otis Hackney | President & CEO Trustee or director, Officer | 40 | $215,537 | $49,043 |
| Lori Canova | Interim CEO | 0 | $184,202 | $23,160 |
| Nadira Saunders | Chief Operating Officer | 0 | $148,797 | $49,043 |
| Richard Rivera | Chief Program Officer | 0 | $159,021 | $2,196 |
| Ronald Terwilliger | Director Trustee or director | 2 | $0 | $0 |
| Mark Fornasiero | Director Trustee or director | 2 | $0 | $0 |
| Lianne Friedman | Director Trustee or director | 2 | $0 | $0 |
| Vince Ballard | Director Trustee or director | 2 | $0 | $0 |
| Gregory F Back | Director Trustee or director | 2 | $0 | $0 |
| Andrew J Berg | Director Trustee or director | 2 | $0 | $0 |
| Tony DiSpigno | Director Trustee or director | 2 | $0 | $0 |
| Steven Shaw | Director Trustee or director | 2 | $0 | $0 |
| Warren Eisenberg | Director Trustee or director | 2 | $0 | $0 |
| Jeffrey R Gural | Director Trustee or director | 2 | $0 | $0 |
| A William Stein | Director Trustee or director | 2 | $0 | $0 |
17 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Llewellyn P Haden Jr | Director Trustee or director | 2 | $0 |
| Jeremiah Lucey | Director Trustee or director | 2 | $0 |
| Barry Mandel | Director Trustee or director | 2 | $0 |
| Fenton Joseph | Director Trustee or director | 2 | $0 |
| Danilo Rodriguez | Director Trustee or director | 2 | $0 |
| Richard Saltzman | Chairman Trustee or director, Officer | 2 | $0 |
| Eugena Oh | Treasurer Trustee or director, Officer | 2 | $0 |
| Harlan Stone | Vice Chair Trustee or director, Officer | 2 | $0 |
| Stephanie Trump | Director Trustee or director | 2 | $0 |
| S Steven Yang MD | Director Trustee or director | 2 | $0 |
| Jonas Severe | Director Trustee or director | 2 | $0 |
| Mansi Mehan | Director Trustee or director | 2 | $0 |
| Peter Patch | Director Trustee or director | 2 | $0 |
| Helen Lang Suskin | Director Trustee or director | 2 | $0 |
| Michael Barrett | Director Trustee or director | 2 | $0 |
| Paige Graves | Director Trustee or director | 2 | $0 |
| Rory Greiss | Secretary Officer | 2 | $0 |
990 for the year ended August 31, 2024: 33 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Otis Hackney | President & CEO Trustee or director, Officer | 40 | $215,537 | $49,043 |
| LORI CANOVA | INTERIM CEO | 0 | $184,202 | $23,160 |
| NADIRA SAUNDERS | CHIEF OPERATING OFFICER | 0 | $148,797 | $49,043 |
| RICHARD RIVERA | CHIEF PROGRAM OFFICER | 0 | $159,021 | $2,196 |
| DANNY MORRIS | Director of National Programs | 0 | $115,466 | $21,808 |
| Ronald Terwilliger | Director Trustee or director | 2 | $0 | $0 |
| Mark Fornasiero | Director Trustee or director | 2 | $0 | $0 |
| Lianne Friedland | Director Trustee or director | 2 | $0 | $0 |
| Vince Ballard | Director Trustee or director | 2 | $0 | $0 |
| Gregory F Back | Director Trustee or director | 2 | $0 | $0 |
| Andrew J Berg | Director Trustee or director | 2 | $0 | $0 |
| Dr Mariama Grimes | Director Trustee or director | 2 | $0 | $0 |
| Steven Shaw | Director Trustee or director | 2 | $0 | $0 |
| Warren Eisenberg | Director Trustee or director | 2 | $0 | $0 |
| Rory Greiss | Secretary Trustee or director, Officer | 10 | $0 | $0 |
| Jeffrey R Gural | Director Trustee or director | 2 | $0 | $0 |
| A William Stein | Director Trustee or director, Officer | 2 | $0 | $0 |
| Llewellyn P Haden Jr | Director Trustee or director | 2 | $0 | $0 |
| Jeremiah Lucey | Director Trustee or director | 2 | $0 | $0 |
| Barry Mandel | Director Trustee or director | 2 | $0 | $0 |
| Fenton Joseph | Director Trustee or director | 2 | $0 | $0 |
| Danilo Rodriguez | Director Trustee or director | 2 | $0 | $0 |
| Richard Saltzman | Chairman Trustee or director, Officer | 10 | $0 | $0 |
| Eugena Oh | Treasurer Trustee or director, Officer | 5 | $0 | $0 |
| Harlan Stone | Vice Chair Trustee or director, Officer | 5 | $0 | $0 |
| Stephanie Trump | Director Trustee or director | 2 | $0 | $0 |
| S Steven Yang MD | Director Trustee or director | 2 | $0 | $0 |
| Jonas Severe | Director Trustee or director | 2 | $0 | $0 |
| Mansi Mehan | Director Trustee or director | 2 | $0 | $0 |
| Peter Patch | Director Trustee or director | 2 | $0 | $0 |
| Helen Lang Suskin | Director Trustee or director | 2 | $0 | $0 |
| Michael Barrett | Director Trustee or director | 2 | $0 | $0 |
| Selene Oh | Director Trustee or director | 2 | $0 | $0 |
990 for the year ended August 31, 2023: 28 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LORI CANOVA | CHIEF GROWTH OFFICER | 0 | $219,454 |
| Eugena Oh | Director Trustee or director, Officer | 2 | $193,834 |
| RICHARD RIVERA | CHIEF PROGRAM OFFICER | 0 | $155,066 |
| NADIRA SAUNDERS | CHEIF OPERATING OFFICER | 0 | $136,585 |
| DANNY MORRIS | Director of National Programs | 0 | $100,136 |
| Otis Hackney | President & CEO Trustee or director, Officer | 40 | $32,845 |
| J Ronald Terwilliger | Director Trustee or director | 2 | $0 |
| Mark Fornasiero | Director Trustee or director | 2 | $0 |
| Lewis Friedland | Director Trustee or director | 2 | $0 |
| Vince Ballard | Director Trustee or director | 2 | $0 |
| Gregory F Back | Director Trustee or director | 2 | $0 |
| Andrew J Berg | Director Trustee or director | 2 | $0 |
| Lianne Friedman | Director Trustee or director | 2 | $0 |
| Warren Eisenberg | Director Trustee or director | 2 | $0 |
| Jeffrey R Gural | Director Trustee or director | 2 | $0 |
| Llewellyn P Haden Jr | Director Trustee or director | 2 | $0 |
| Jeremiah Lucey | Director Trustee or director | 2 | $0 |
| Barry Mandel | Director Trustee or director | 2 | $0 |
| Danilo Rodriguez | Director Trustee or director | 2 | $0 |
| Richard Saltzman | Chairman Trustee or director, Officer | 10 | $0 |
| Steven Shaw | Treasurer Trustee or director, Officer | 5 | $0 |
| Harlan Stone | Vice Chair Trustee or director, Officer | 5 | $0 |
| Stephanie Trump | Director Trustee or director | 2 | $0 |
| Steven Yang | Director Trustee or director | 2 | $0 |
| Mansi Mehan | Director Trustee or director | 2 | $0 |
| Peter Patch | Director Trustee or director | 2 | $0 |
| Helen Lang Suskin | Director Trustee or director | 2 | $0 |
| Rory Greiss | Secretary Officer | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 322 8TH AVE STE 201, NEW YORK, NY 10001-6853
- In care of
- % SOJI ADEWUMI
- Principal officer (990 for 2024)
- Lori Canova
- Signed the 990
- Lori Canova, Interim CEO
- Phone
- (917) 423-6690
- Return prepared by
- HAYNIE & COMPANY
Mission
The I Have A Dream Foundation (IHDF) is a national nonprofit that expands educational opportunity for children in under-resourced communities through a long-term, cohort-based model that supports Dream Scholars from first grade through first job. Working through a national network of Affiliates and Chapters, IHDF provides individualized academic support, social-emotional learning, family engagement, college and career readiness programming, and guaranteed scholarship assistance for postsecondary pathways. In 2024, the Foundation supported 2,332 Dream Scholars nationwide and remained connected to a community of more than 20,000 Dream Scholar alumni. Through more than 45 years of experience, IHDF has developed an evidence-informed model that helps students enroll in, persist through, and complete postsecondary education while building the skills, confidence, relationships, and opportunities needed for lifelong success and upward economic mobility. IHDF continues to strengthen its model b
Program accomplishments
- The I Have A Dream Foundation supports a national network of Affiliates and Chapters serving 2,332 Dream Scholars through a long-term, cohort-based model designed to ensure students graduate from high school prepared to enroll in and complete postsecondary pathways and enter productive careers. IHDF provides training, technical assistance, and programmatic resources to local affiliates and chapters, including best practice development, site visits, and ongoing coaching to strengthen program quality and student outcomes.In 2024, IHDF continued to invest in national infrastructure and program expansion, including professional development convenings, leadership training, and partnership development to increase access to academic, social-emotional, and career readiness resources. IHDF also operates Dream University Prep (Dream UP), a summer immersion program hosted on college campuses that exposes middle and high school students to postsecondary environments and expectations.These efforts are designed to improve long-term student outcomes, including college enrollment, persistence, and completion, while strengthening the capacity and consistency of programming across the IHDF network.Expenses $3,240,720 · grants $149,035
- The "I Have A Dream" Foundation (IHDF) strengthens and continuously improves its evidence-informed, long-term program model to improve outcomes for Dream Scholars across its national network of Affiliates and Chapters. Through ongoing evaluation, performance measurement, and strategic planning, IHDF identifies opportunities to enhance program quality, strengthen affiliate capacity, and ensure that Dream Scholars receive consistent, high-quality support from elementary school through postsecondary completion. In 2024, IHDF continued to strengthen its national network by launching a new Chapter in Atlanta, expanding Dream Scholar cohorts within existing Affiliates and Chapters, and enhancing program quality through Children's Savings Account initiatives, expanded postsecondary supports, and data-informed continuous improvement efforts. IHDF's long-term cohort model combines individualized academic support, social-emotional learning, family engagement, mentoring, college and career readiness, leadership development, and guaranteed tuition assistance to help Dream Scholars succeed in school, complete a postsecondary pathway, and pursue long-term economic mobility. These efforts are designed to improve high school graduation, postsecondary enrollment, persistence, and completion while strengthening the capacity of Affiliates and Chapters to deliver consistent, evidence-informed programming.By continuously strengthening its model and equipping Affiliates and Chapters with evidence-based tools and resources, IHDF helps ensure that its growing national network delivers high-quality programming and measurable outcomes for Dream Scholars, families, and communities.
- In 2024, the Foundation continued to strengthen its centralized data and performance management system to better track student outcomes, measure program effectiveness, and inform strategic decision-making across its national network. The Foundation monitors key performance indicators, including academic progress, high school graduation, postsecondary enrollment, persistence, and completion, to assess program impact, drive continuous improvement, and promote accountability at both the national and Affiliate/Chapter levels.
- The "I Have A Dream" Foundation strengthens awareness, engagement, and support of its national network of Affiliates and Chapters to expand educational opportunities for children in under-resourced communities. IHDF manages national communications platforms, including its website, digital channels, and media relations, to elevate the voices and experiences of Dream Scholars, share program impact, and increase public understanding of IHDF's long-term, cohort-based model.In 2024, IHDF expanded its national visibility and strategic partnerships by supporting Affiliates and Chapters in engaging local stakeholders, strengthening relationships with schools, funders, volunteers, and civic leaders, and increasing awareness of opportunities to support Dream Scholars.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 13-3355315
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1995
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Crime and legal-related (I99Z)
- Assets (IRS master file)
- $3,477,675
- Income (IRS master file)
- $4,522,395
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $4,410,194 | $4,465,838 | $3,477,675 | XML |
| 990 | August 2024 | $4,231,942 | $5,004,456 | $3,361,156 | XML |
| 990 | August 2023 | $4,241,764 | $4,529,557 | $3,458,390 | XML |
| 990 | August 2022 | $3,475,384 | $3,609,766 | $3,608,291 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | IRS |
| 990 | August 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-3355315).
Questions about I HAVE A DREAM FOUNDATION
- What is the EIN of I HAVE A DREAM FOUNDATION?
- The employer identification number (EIN) of I HAVE A DREAM FOUNDATION is 13-3355315.
- Is I HAVE A DREAM FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to I HAVE A DREAM FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does I HAVE A DREAM FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of I HAVE A DREAM FOUNDATION due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did I HAVE A DREAM FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of I HAVE A DREAM FOUNDATION?
- The 990 for the year ended August 31, 2025 names Lori Canova.
- Who are the officers and directors of I HAVE A DREAM FOUNDATION?
- The 990 for the year ended August 31, 2025 lists 32 people; 4 received compensation from the organization, the highest $215,537 (Otis Hackney, President & CEO).
- How much revenue does I HAVE A DREAM FOUNDATION have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $4,410,194, expenses of $4,465,838 and total assets of $3,477,675 at year end.
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