Better Business Bureau

Charity Contact Information BBB Wise Giving Alliance Comments Programs

Tax Status Governance Fund Raising Financial

Name:	I Have A Dream Foundation
Address:	330 Seventh Avenue, 20th Floor
	New York, NY 10001
Phone:	212-293-5480
Web Address:	www.ihaveadreamfoundation.org

I Have A Dream Foundation (IHADF) meets the 20 Standards for Charity Accountability.

IHADF works to ensure that all children have the opportunity to pursue higher education. The organization’s local affiliates sponsor students in low-income communities and work with them from an early age through college. Upon high school graduation, each “Dreamer” receives tuition assistance for higher education. At each of the organization’s sites, the local program team works with a segment of the community ranging from school districts and colleges, to businesses, religious organizations and civic groups, to provide Dreamers with the academic and leadership skills they need to overcome the 1-in-10 odds that they will earn their college degree. IHADF reports that, currently, more than 3,500 Dreamers are on the pathway to college in 17 states, Washington, D.C., and New Zealand, following the more than 11,000 Dreamers who came before them. IHADF provides guidance, resources, and technical assistance to their local affiliates including designing customized college preparation curricula, sponsoring professional development activities for program staff, facilitating the sharing of best practices across the network, conducting detailed site assessments and consultations, and developing national partnerships that can provide educational resources at low or no cost. IHADF also serves as the central repository for current and historical performance data across the network in order to measure the organization’s collective impact, drive continuous improvement efforts, and strengthen performance accountability.

For the fiscal year ended August 31, 2009, IHADF's program expenses were:

Program services	1,630,121
Total Program Expenses:	$1,630,121

Chief Executive : Iris Chen, President and CEO

Compensation*:

$208,353

Chair of the Board: Peter Fishbein
Chair's Profession / Business Affiliation: Special Counsel, Kaye Scholer LLP

Co-Chair of the Board : J. Ronald Terwilliger

Chair's Profession / Business Affiliation: Chairman Emeritus, Trammell Crow Residential

Board Size: 15

Paid Staff Size: 12

*September 1, 2008 - August 31, 2009 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.

Method(s) Used:

Direct mail, special events, grant proposals, and Internet appeals.

Fund raising costs were 10% of related contributions. (Related contributions, which totaled $2,146,618, are donations received as a result of fund raising activities.)

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

The following information is based on IHADF's audited financial statements for the fiscal year ended August 31, 2009.

Source of Funds
Contributions	1,841,631
Special events (net)	243,412
Licensing fees	90,750
Government grants	61,575
Other	12,571
Interest	3,900
Total Income	$2,253,839

Uses of Funds as a % of Total Expenses

Programs: 80%  Fund Raising: 10%  Administrative: 10%

Total income				$2,253,839
	Program expenses			$1,630,121
	Fund raising expenses			216,562
	Administrative expenses			215,830
Total expenses				$2,062,513
Income in Excess of Expenses				191,326
Beginning net assets				836,156
Ending net assets				1,027,482
Total liabilities				82,460
Total assets				$1,109,942