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The New American Dream Foundation Inc

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

EIN: 811540774 ✦ Danbury, CT ✦ Designated as a 501(c)(3)

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Overview

What is The New American Dream Foundation Inc?

The New American Dream Foundation Inc, established since 2015, is a nonprofit organization that champions the American values of equal opportunity, progress, and freedom. They extend their support in the realms of education, health, and civic engagement by providing scholarships and financial incentives. This aid is extended to deserving students, veterans, distinguished individuals, and local non-profit organizations that share their vision. Since inception, they have honored 22 Students of the Year, 5 Persons of the Year, 5 Veterans of the Year, and 2 Non-Profit Organizations, awarding a cumulative total of $71,000 in scholarships.


Official website here: www.tribunaamericandreamawards.com

Is The New American Dream Foundation Inc legitimate?

The New American Dream Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The New American Dream Foundation Inc submitted a form 990EZ, 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.


Official website here: www.tribunaamericandreamawards.com

What is the mission statement of The New American Dream Foundation Inc?

The New American Dream Foundation Inc's mission is centered around promoting equal opportunities, progress, and freedom in the realms of education, health, and civic engagement. The organization provides scholarships and financial incentives to deserving students, veterans, individuals, and local non-profit organizations who embody these core American values. Since its establishment in 2015, the foundation has recognized and supported 22 Students of the Year, 5 Persons of the Year, 5 Veterans of the Year, and 2 Non-Profit Organizations, granting a total of $71,000 in scholarships.


Official website here: www.tribunaamericandreamawards.com

Who is the CEO of The New American Dream Foundation Inc?

Celia Bacelarpalmares is the President of The New American Dream Foundation Inc.


Official website here: www.tribunaamericandreamawards.com

What is the revenue of The New American Dream Foundation Inc?

The New American Dream Foundation Inc's revenue in 2022 was $110,602.


Official website here: www.tribunaamericandreamawards.com

Who are the executives of The New American Dream Foundation Inc and what are their salaries?


Here are 3 key members and their salaries:


Celia Bacelarpalmares (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Emanuela Palmares (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Genilson Palmares (Treasurer/Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.tribunaamericandreamawards.com

Where can I find the form 990EZ for The New American Dream Foundation Inc?

The New American Dream Foundation Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.tribunaamericandreamawards.com

Learn more at the official website: www.tribunaamericandreamawards.com

Mission Statement of The New American Dream Foundation Inc

The New American Dream Foundation Inc, as per its mission, grants scholarships and financial incentives to students, veterans, individuals of distinction, and local non-profit organizations that embody the fundamental American values of equal opportunity, advancement, and liberty in the domains of education, health, and civic engagement. Since its establishment in 2015, this organization has honored 22 Students of the Year, 5 Persons of the Year, 5 Veterans of the Year, and 2 Non-Profit Organizations, bestowing a total of $71,000 in scholarships.

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Impact




October, 2024

The New American Dream Foundation Inc significantly impacts the communities it serves by fostering equal opportunity and supporting progress in key areas such as education, health, and civic engagement. By providing scholarships and financial incentives, the foundation empowers students, veterans, and local organizations that embody the values of freedom and equality.

Since its inception in 2015, the foundation has awarded the American Dream Awards, recognizing the achievements of 22 Students of the Year, 5 Persons of the Year, 5 Veterans of the Year, and 2 Non-Profit Organizations. Through these awards, it has distributed a total of $71,000 in scholarships, directly aiding individuals in their pursuit of educational and personal development goals.

The foundation acts as a catalyst for positive change, encouraging recipients to not only further their own aspirations but also to contribute meaningfully to their communities. By aligning with the core American values, The New American Dream Foundation fosters a sense of community and shared purpose, ultimately striving to uplift those who seek to achieve their own version of the American Dream.




This information is meant to be a general summary of The New American 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.

Revenue
$110,602 (2022)
2016201720182019202020212022$0$40,000$80,000$120k$160k
Expenses
$109,866 (2022)
2016201720182019202020212022$0$30,000$60,000$90,000$120k
Efficiency
20162017201820192020202120220%0.2%0.4%0.6%0.8%1%

Other financial information:

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

  • Investment Income: $36
  • Gross Receipts: $110,602

Assets and Liabilities:

  • Total Assets: $133,289
  • Total Liabilities: $1,326
  • Net Assets: $131,963

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Organization Details

Principal Officer

Celia Bacelarpalmares

Main Address

32 FARVIEW AVE 2ND FL, DANBURY, CT, 06810

NTEE Category

Code: T50 - Philanthropy

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