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I Have A Dream Foundation - New Jersey Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 020775259 ✦ Kearny, NJ ✦ Designated as a 501(c)(3)

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Overview

What is I Have A Dream Foundation - New Jersey Inc?

I Have A Dream Foundation - New Jersey Inc is a nonprofit organization situated in Kearny, New Jersey. Their primary focus is on inspiring and empowering children to pursue their educational and career aspirations. The organization, often referred to as IHDF-NJ, supports its "Dreamers" by meeting them where they are, aiming to provide underprivileged students with an opportunity to earn a college degree and maximize their talents and dreams. They accomplish this by sponsoring an entire class or school in underserved communities and offering comprehensive programming and wraparound services, including academic and mental health support, tutoring, financial literacy lessons, and guaranteed tuition assistance for higher education. The Newark Program, in particular, provides a four-year plan for high school students to make informed decisions, gain college access, and receive continuous support throughout their educational journey. IHDF-NJ currently employs 22 individuals to carry out their mission.


Official website here: www.ihdfnj.org

Is I Have A Dream Foundation - New Jersey Inc legitimate?

I Have A Dream Foundation - New Jersey Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. I Have A Dream Foundation - New Jersey Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $91,293
Professional Fundraising Fees: $0
Other Salaries and Wages: $180,102

For more financial information, click here


Official website here: www.ihdfnj.org

What is the mission statement of I Have A Dream Foundation - New Jersey Inc?

I Have A Dream Foundation - New Jersey Inc's mission is to motivate and empower underprivileged children to achieve their educational and career goals. The organization accomplishes this by sponsoring entire classes or schools in underserved communities and providing academic and personal support through comprehensive programming and wraparound services. The dreamers receive guaranteed tuition assistance for higher education, including trade schools, and continued support throughout their post-secondary journey. The foundation's vision is for every child to have the opportunity to earn a college degree and fully utilize their talents and aspirations, ultimately leading to fulfilling careers and productive global citizenship.


Official website here: www.ihdfnj.org

Who is the CEO of I Have A Dream Foundation - New Jersey Inc?

Steven Lerner is the Executive Director of I Have A Dream Foundation - New Jersey Inc.


Official website here: www.ihdfnj.org

What is the revenue of I Have A Dream Foundation - New Jersey Inc?

I Have A Dream Foundation - New Jersey Inc's revenue in 2022 was $281,599.


Official website here: www.ihdfnj.org

Who are the executives of I Have A Dream Foundation - New Jersey Inc and what are their salaries?

The average compensation at I Have A Dream Foundation - New Jersey Inc during 2022 was $12,336. There are 22 employees and 11 volunteers at I Have A Dream Foundation - New Jersey Inc.


Here are 12 key members and their salaries:


Yolanda Gadson (Executive Director)
  • Compensation: $91,293
  • Related: $0
  • Other: $17,324
Steven Lerner (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Miguel Brito (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Tyndale (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerome Robinson (Founding Sponsor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donald Ostrow (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Doug Evans (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Diane Hill (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Beth Bernstein (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Aturo Cousar (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eugene Thomas (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Peretz (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.ihdfnj.org

Where can I find the form 990 for I Have A Dream Foundation - New Jersey Inc?

I Have A Dream Foundation - New Jersey Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.ihdfnj.org

Learn more at the official website: www.ihdfnj.org

Mission Statement of I Have A Dream Foundation - New Jersey Inc

I Have A Dream Foundation - New Jersey Inc is an organization committed to inspiring and empowering children to achieve their educational and career aspirations. The foundation's mission is to provide support to its 'Dreamers,' meeting them where they are and following them throughout their educational journey, from underprivileged and underserved communities to college and beyond. Their vision is to ensure every child has the opportunity to earn a college degree, utilizing their talents, ambitions, and dreams to build successful careers and contribute positively to global society.

To accomplish this, I Have A Dream Foundation - New Jersey Inc sponsors entire classes or schools in under-resourced communities. They offer comprehensive programming and wraparound services, including academic and personal support, to help these students thrive. The foundation guarantees tuition assistance for higher education, including trade schools, and continues to support Dreamers throughout their post-secondary journey. By investing in these children's futures, I Have A Dream Foundation - New Jersey Inc aims to break the cycle of poverty and provide them with the tools needed to succeed and become productive global citizens.

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Impact




October, 2024

The I Have A Dream Foundation - New Jersey Inc. significantly impacts the lives of children in underserved communities by motivating and empowering them to achieve their educational and career goals. Focusing on a progressive four-year plan known as The College Path Project, the foundation provides a well-structured roadmap for students to successfully complete high school and make informed decisions about their futures.

By catering to the individual needs of each student, the foundation offers academic support, college readiness programs, and mental health services through licensed social workers. Their comprehensive approach includes tutoring from mentors, learning specialists, and collaboration with local universities and community colleges, ensuring that students receive the guidance they need to thrive academically and personally.

Moreover, the foundation emphasizes financial literacy and additional mentorship, particularly through partnerships such as the Kappa League of NJ. This holistic support system culminates in guaranteed tuition assistance for higher education, including trade schools, enabling students to pursue their academic and career aspirations without financial barriers.

Since graduating its first class of "Dreamers" in 2019, the foundation has made substantial strides in helping students realize their potential, fostering productive global citizenship among the youth it serves. The vision of the I Have A Dream Foundation is for every child to have the opportunity to earn a college degree and capitalize on their talents, fully equipped to contribute meaningfully to society.




This information is meant to be a general summary of I Have A Dream Foundation - New Jersey Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$281,599 (2022)
Expenses
$520,036 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3,709
  • Gross Receipts: $281,599

Assets and Liabilities:

  • Total Assets: $354,242
  • Total Liabilities: $0
  • Net Assets: $354,242

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Organization Details

Founding Year

2006

Principal Officer

Steven Lerner

Main Address

78 JOHN MILLER WAY 1031, KEARNY, NJ, 07032

NTEE Category

Code: B82 - Education

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