Nonprofit · EIN 85-0417347
DREAMSPRING
Tax-exempt · ALBUQUERQUE, NM 87104
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $8,813,273 | $8,475,769 | $337,504 | $66,370,416 | $40,743,593 | $25,626,823 |
| December 31, 2024 | 990 | $14,527,292 | $14,283,162 | $244,130 | $69,204,204 | $44,192,462 | $25,011,742 |
| December 31, 2023 | 990 | $14,674,824 | $23,123,632 | -$8,448,808 | $72,311,430 | $47,631,443 | $24,679,987 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $2,490,739
- of which government grants
- $249,942
- Program service revenue
- $4,998,204
- Investment income
- $1,181,958
- Net gain from sales of assets
- $15,016
- Other revenue
- $142,372
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,630,576
- Other salaries and wages
- $2,206,192
- Salaries, compensation and benefits (total)
- $4,227,157
- Professional fundraising fees
- $0
- Legal fees
- $108,792
- Accounting fees
- $69,651
- Occupancy
- $121,593
- Travel
- $34,691
- Depreciation
- $81,052
- Program services (functional)
- $7,312,494
- Management and general (functional)
- $699,316
- Fundraising (functional)
- $463,959
Balance sheet and other
- Total assets, start of year
- $69,204,204
- Total assets, end of year
- $66,370,416
- Total liabilities, end of year
- $40,743,593
- Net assets, end of year
- $25,626,823
- Land, buildings and equipment
- $1,922,952
- Publicly traded securities
- $875,991
- Net assets without donor restrictions
- $20,281,700
- Net assets with donor restrictions
- $5,345,123
- Gross receipts
- $8,976,098
- Employees
- 41
- Volunteers
- 11
- Year formed
- 1994
- State of legal domicile
- NM
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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ANNE HAINES | PRES/CEO(THRU 7/25)/SR. BOARD ADVISOR Trustee or director, Officer | 40 | $283,076 | $23,942 |
| SUZETTE M LONGFELLOW | CHIEF FINANCIAL OFFICER Officer | 40 | $258,723 | $27,310 |
| MARISA BARRERA | ACTING CHIEF EXECUTIVE OFFICER Officer | 40 | $243,538 | $7,503 |
| MARGARET SMITH | CHIEF CREDIT OFFICER Officer | 40 | $206,342 | $14,850 |
| AMBER MARIE KANI | CHIEF ENAGEMENT OFFICER Officer | 40 | $199,167 | $18,577 |
| DARCIE DEFOE | DIRECTOR OF MARKETING Key employee | 40 | $160,329 | $14,110 |
| ANALISA SMITH | SR. DIRECTOR OF FINANCE Key employee | 40 | $162,992 | $10,117 |
| JERRY JACOB | DIRECTOR OF TECHNOLOGY Highest-paid employee | 40 | $121,791 | $17,739 |
| NATALIE DEGROOT | ACCOUNTING MANAGER Highest-paid employee | 40 | $104,445 | $15,854 |
| JAQUELYN FAUSTIN | LOAN OPERATIONS MANAGER Highest-paid employee | 40 | $102,146 | $3,365 |
| ALICE RODRIGUEZ | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| IRV ASHFORD JR | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| VIRGINIA BAYLESS | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| ANTHONY SHARETT | IMMMEDIATE PAST CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| BETTY ARKELL | DIRECTOR Trustee or director | 2 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JERRIE MERRITT | DIRECTOR Trustee or director | 2 | $0 |
| JAN SINGELMANN | DIRECTOR Trustee or director | 2 | $0 |
| MANNY ALVAREZ | DIRECTOR Trustee or director | 2 | $0 |
| JONATHAN MORALES | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2024: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ANNE HAINES | PRESIDENT & CEO Officer | 40 | $281,915 | $14,743 |
| SUZETTE M LONGFELLOW | CHIEF FINANCIAL OFFICER Officer | 40 | $216,914 | $12,793 |
| MARISA BARRERA | CHIEF IMPACT OFFICER Officer | 40 | $187,827 | $5,989 |
| MARGARET SMITH | CHIEF LENDING & CLIENT EXP OFFICER Officer | 40 | $173,285 | $11,484 |
| AMBER MARIE KANI | HEAD OF STAKEHOLDER ENGAGEMENT Key employee | 40 | $165,299 | $11,244 |
| ANALISA SMITH | SR. DIRECTOR OF FINANCE Highest-paid employee | 40 | $134,662 | $10,325 |
| DARCIE DEFOE | DIRECTOR OF MARKETING Highest-paid employee | 40 | $133,992 | $10,305 |
| FRANCISCO LOPEZ | CHIEF OPERATIONS & INNOVATION OFFICER Officer | 40 | $114,248 | $177 |
| ANTHONY SHARETT | BAORD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| IRV ASHFORD JR | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| ALICE RODRIGUEZ | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| VIRGINIA BAYLESS | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| EDMOND JOHNSON | IMMMEDIATE PAST CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| BETTY ARKELL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| YASHODA NAIDOO | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JERRIE MERRITT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KIM PEONE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MANNY ALVAREZ | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ANNE HAINES | PRESIDENT & CEO Officer | 40 | $262,716 | $13,658 |
| FRANCISCO LOPEZ | CHIEF OPERATIONS & INNOVATION OFFICER Officer | 40 | $233,736 | $5,931 |
| SUZETTE M LONGFELLOW | CHIEF FINANCIAL OFFICER Officer | 40 | $224,123 | $12,438 |
| MARISA BARRERA | CHIEF IMPACT OFFICER Officer | 40 | $187,058 | $5,535 |
| MARGARET SMITH | CHIEF LENDING & CLIENT EXP OFFICER Officer | 40 | $178,750 | $8,543 |
| AMBER MARIE KANI | HEAD OF STAKEHOLDER ENGAGEMENT Key employee | 40 | $153,749 | $10,400 |
| DARCIE DEFOE | DIRECTOR OF MARKETING Highest-paid employee | 40 | $141,373 | $10,007 |
| ANALISA SMITH | SR. DIRECTOR OF FINANCE Highest-paid employee | 40 | $137,246 | $9,576 |
| BRIAN DASKALOVITZ | DIRECTOR OF RISK Highest-paid employee | 40 | $137,662 | $4,449 |
| KIMBERLY LEIFESTE | THIRD PARTY PRODUCT MANAGER Highest-paid employee | 40 | $105,099 | $7,690 |
| EDMOND JOHNSON | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| VIRGINIA BAYLESS | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| YASHODA NAIDOO | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| ANTHONY SHARETT | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| BILL RIDENOUR | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BETTY ARKELL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| IRV ASHFORD JR | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KIM PEONE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JERRIE MERRITT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ALICE RODRIGUEZ | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2000 ZEARING AVE NW, ALBUQUERQUE, NM 87104-2045
- In care of
- % ANNE HAINES YATSROWITZ
- Principal officer (990 for 2025)
- SUZETTE M LONGFELLOW, 2000 ZEARING AVENUE NW, ALBUQUERQUE, NM 87104
- Signed the 990
- SUZETTE M LONGFELLOW, CFO
- Phone
- (505) 243-8844
- Website
- WWW.DREAMSPRING.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
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.
Program accomplishments
- SEE SCHEDULE OExpenses $7,312,494 · revenue $5,140,576
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 85-0417347
- 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
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S43B)
- Assets (IRS master file)
- $66,370,416
- Income (IRS master file)
- $8,976,098
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $8,813,273 | $8,475,769 | $66,370,416 | XML |
| 990 | December 2024 | $14,527,292 | $14,283,162 | $69,204,204 | XML |
| 990 | December 2023 | $14,674,824 | $23,123,632 | $72,311,430 | XML |
| 990 | December 2022 | $25,867,927 | $20,150,364 | $95,789,629 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 85-0417347).
Questions about DREAMSPRING
- What is the EIN of DREAMSPRING?
- The employer identification number (EIN) of DREAMSPRING is 85-0417347.
- Is DREAMSPRING tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to DREAMSPRING tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DREAMSPRING 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 DREAMSPRING due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DREAMSPRING last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of DREAMSPRING?
- The 990 for the year ended December 31, 2025 names SUZETTE M LONGFELLOW.
- Who are the officers and directors of DREAMSPRING?
- The 990 for the year ended December 31, 2025 lists 19 people; 10 received compensation from the organization, the highest $283,076 (ANNE HAINES, PRES/CEO(THRU 7/25)/SR. BOARD ADVISOR).
- How much revenue does DREAMSPRING have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $8,813,273, expenses of $8,475,769 and total assets of $66,370,416 at year end.
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All nonprofits in ALBUQUERQUE · New Mexico · Community improvement and capacity building