Overview
What is Follow Your Dream Foundation Inc?
Follow Your Dream Foundation Inc is a charitable organization committed to making a difference in the lives of disadvantaged individuals, specifically orphans, in a Cambodian village. By running a program for an orphanage, they strive to create brighter futures for these children. Their mission extends beyond just providing shelter, as they aim to foster growth and opportunities for a better life. The Foundation's dedication is reflected in their continuous efforts to improve the living conditions and prospects for these disadvantaged individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
Follow Your Dream Foundation Inc has received a solid Three-Star rating from Charity Navigator, indicating a fair level of accountability and financial health. The organization achieved an overall score based entirely on its Accountability & Finance metrics, underlining its commitment to transparent operations and responsible financial practices.
Strengths of the foundation include a high program expense ratio of 99.16%, which suggests that nearly all funds are directed towards its programs rather than administrative costs. Additionally, the organization has effectively maintained a low liabilities-to-assets ratio of 15.39%, demonstrating good financial stability. The presence of comprehensive policies regarding conflict of interest, whistleblowing, and document retention further enhances its credibility.
While the foundation shows strong financial management, the single beacon score means that there is limited data on other aspects such as impact and effectiveness, which could provide a broader perspective on its performance. Overall, the Follow Your Dream Foundation appears to be a well-managed nonprofit focused on achieving its mission with a high degree of accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Follow Your Dream Foundation Inc legitimate?
Follow Your Dream Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Follow Your Dream Foundation 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: $25,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $501,485
For more financial information, click here
What is the mission statement of Follow Your Dream Foundation Inc?
The Follow Your Dream Foundation Inc is dedicated to enhancing the lives of disadvantaged individuals. Their primary focus is on running a program for an orphanage in a Cambodian village. Through this initiative, they strive to build brighter prospects for these children who are in need. The foundation's ultimate goal is to create better futures for those who are less fortunate. Their efforts in Cambodia represent just one part of their commitment to making a positive impact on the world.
Who is the CEO of Follow Your Dream Foundation Inc?
Jeremy Hockenstein is the Director of Follow Your Dream Foundation Inc.
What is the revenue of Follow Your Dream Foundation Inc?
Follow Your Dream Foundation Inc's revenue in 2023 was $45,679,342.
Who are the executives of Follow Your Dream Foundation Inc and what are their salaries?
There 4 volunteers at Follow Your Dream Foundation Inc.
Here are 4 key members and their salaries:
- Compensation: $25,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Follow Your Dream Foundation Inc?
Follow Your Dream Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Follow Your Dream Foundation Inc
Follow Your Dream Foundation Inc is a charitable organization with a mission to improve the lives of disadvantaged individuals. More specifically, it focuses on running a program for an orphanage in a Cambodian village. The foundation's primary goal is to create better futures for these children who find themselves without the basic necessities and support systems that many of us take for granted. By investing in the well-being of these orphans, Follow Your Dream Foundation Inc seeks to make a lasting impact on their lives and help them reach their full potential.
The foundation's commitment to its mission is unwavering. In the Cambodian village where the orphanage is located, Follow Your Dream Foundation Inc is making a difference, one child at a time. The organization's efforts extend beyond merely providing shelter and food. It strives to create an environment conducive to learning, growth, and development. Through its program, the foundation aims to provide these orphans with the resources and opportunities they need to not only survive but to thrive.
The children in the orphanage face unique challenges that require a compassionate and dedicated response. By focusing on their needs and providing them with a safe and supportive environment, Follow Your Dream Foundation Inc is helping to break the cycle of poverty and disadvantage. The foundation's vision goes beyond the immediate future of the orphans it serves. It is a vision of a world where every person has the opportunity to live a fulfilling and productive life, regardless of their circumstances.
With its unwavering commitment to its mission, Follow Your Dream Foundation Inc continues to make a difference in the lives of disadvantaged orphans in Cambodia. Through its program, the foundation is providing these children with the essential resources they need to create a better future for themselves and pave the way for a brighter tomorrow.
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Impact
October, 2024
Follow Your Dream Foundation Inc has made a significant impact by creating better futures for disadvantaged individuals, particularly through its program for orphans in a Cambodian village. By focusing on providing essential resources, educational opportunities, and emotional support, the foundation helps vulnerable children thrive despite their challenging circumstances. This initiative fosters a sense of community and hope, encouraging these young individuals to dream big and work towards a brighter future. The foundation's efforts not only improve the lives of orphans but also contribute to the overall welfare and development of the local community in which they operate.
This information is meant to be a general summary of Follow Your Dream Foundation 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $586,520
- Gross Receipts: $57,536,098
Assets and Liabilities:
- Total Assets: $43,670,233
- Total Liabilities: $6,723,757
- Net Assets: $36,946,476
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Organization Details
Founding Year
2004
Phone
(212) 461-3703Principal Officer
Jeremy Hockenstein
Main Address
266 WEST 37TH STREET SUITE 803, NEW YORK, NY, 10018
NTEE Category
Code: Q70 - International
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