Follow Your Dream Foundation Inc
99% goes to programs $0 to raise $100 Declining revenue
Follow Your Dream Foundation Inc is a 501(c)(3) organization based in New York, New York, registered in 2001, with $1,250,476 in FY2024 revenue. CharityIndex grades it C, and it directs about 99% of spending to programs.
45 West 36th St 8th Floor, New York, NY, 10018 EIN 38-3581515 Since 2001
Revenue (FY2024)
$1.3M
▼ 98.1% vs prior year
International median: $227K
Expenses (FY2024)
$26.7M
Net assets
$8.3M
Employees
5
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating99% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Follow Your Dream Foundation Inc: 99% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
FFinancial health25% of the rating4 mo reserves · -2033% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Follow Your Dream Foundation Inc: 4 mo reserves · -2033% margin earns a F on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Follow Your Dream Foundation Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Follow Your Dream Foundation Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To create better futures for disadvantaged people
What they do
Providing educational scholarships and mentorship
Contact & location
- Address
- 45 West 36th St 8th Floor, New York, NY, 10018
- City
- New York
- State
- New York
- Subcategory
- International Human Rights
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $83K (FY2010) to $1.3M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $21.3MNet assets $8.3M
Operating margin
-2032.7%
Spent more than it raised in the latest fiscal year.
Total assets
$29.7M
Total liabilities
$21.3M
Net assets
$8.3M
Salaries & benefits
$344K
1% of expenses
Board members
5
3 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,250,476▼98.1% | $26,669,090▼61.4% | $8,310,351▼76.4% | $29,658,116▼50.0% | 990 |
| 2023 | $67,234,901▲47.2% | $69,109,934▲171% | $35,240,128▼4.6% | $59,275,935▲35.7% | 990 |
| 2022 | $45,679,342▲214% | $25,506,103▲316% | $36,946,476▲125% | $43,670,233▲166% | 990 |
| 2021 | $14,548,416▲64.9% | $6,127,607▲643% | $16,426,234▲105% | $16,436,926▲105% | 990 |
| 2020 | $8,820,506▲7404% | $825,228▲621% | $8,005,425▲30461% | $8,014,221▲30494% | 990 |
| 2018 | $117,546▼17.5% | $114,527▼14.9% | $26,195▲13.4% | $26,195▲13.4% | 990EZ |
| 2017 | $142,498▲28.5% | $134,612▲26.4% | $23,102▲51.8% | $23,102▲51.8% | 990EZ |
| 2016 | $110,886▲112% | $106,456▲26.1% | $15,216▲41.1% | $15,216▲41.1% | 990EZ |
| 2015 | $52,390▼56.3% | $84,452▼7.2% | $10,786▼74.8% | $10,786▼74.8% | 990EZ |
| 2014 | $119,907▲43.6% | $90,983▲10.9% | $42,848▲202% | $42,848▲182% | 990EZ |
| 2010 | $83,493 | $82,063 | $14,171 | $15,171 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Jeremy Hockenstein — $59,333 (0.22% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Jeremy Hockenstein | President/treas | 5 | $59,333 |
| Amolo Ngweno | Director | 1 | — |
| Noelia Moshi | Director | 1 | — |
| Sari Miller | Director | 1 | — |
| Vernon Naidoo | Secretary | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Impact Talent Network Inc | Consulting | $123,250 |
Grants received · $110.3M total
23 grants to Follow Your Dream Foundation Inc totaling $110.3M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2024 | $98,310 |
| The Skoll Fund | General nonprofit support | 2024 | $85,000 |
| Greater Houston Community Foundation | International | 2024 | $15,000 |
| Network For Good Inc | Unrestricted | 2024 | $5,450 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2023 | $45,423,234 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $12,010,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $5,000,000 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Community & human services | 2023 | $2,000,000 |
| The Skoll Fund | International development | 2023 | $85,000 |
| National Philanthropic Tr | Religion | 2023 | $15,000 |
| Network For Good Inc | Unrestricted | 2023 | $7,420 |
| Jewish Community Foundation of Greater Metrowest Nj | General charitable purposes | 2022 | $25,000,000 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2022 | $10,025,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $10,000,000 |
| Jewish Communal Fund | General support | 2021 | $144,500 |
Grants made · $19.0M in FY2024
36 grants totaling $19.0M in FY2024 — showing the 15 largest. All grants made by Follow Your Dream Foundation Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Ubs Optimus Foundation Us Inc | General support | $4,400,000 |
| Jewish Communal Fund | General support | $2,200,000 |
| The Clear Fund | General support | $2,000,000 |
| Founders Pledge Inc | General support | $2,000,000 |
| Mit International Inc | General support | $1,152,452 |
| Center For Innovative Governance Research | General support | $750,000 |
| Appleseed Foundation Inc | General support | $750,000 |
| One Acre Fund | General support | $750,000 |
| Friends of@raising the Village Incorporated | General support | $500,000 |
| Emmas Torch Ltd | General support | $500,000 |
| Digital Divide Data | General support | $500,000 |
| Mass General Brigham Incorporated | General support | $500,000 |
| Maisha Meds Inc | General support | $300,000 |
| Johns Hopkins University | General support | $255,250 |
| Climate Action For Smallholders Cash Coalition Inc | General support | $250,000 |
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Frequently asked questions
- Is Follow Your Dream Foundation Inc a legitimate nonprofit?
- Yes. Follow Your Dream Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 38-3581515, based in New York, New York. Donations are tax-deductible.
- What is Follow Your Dream Foundation Inc's EIN?
- Follow Your Dream Foundation Inc's Employer Identification Number (EIN) is 38-3581515.
- How much revenue does Follow Your Dream Foundation Inc report?
- Follow Your Dream Foundation Inc reported $1,250,476 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Follow Your Dream Foundation Inc's spending goes to programs?
- Follow Your Dream Foundation Inc spends about 99% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Follow Your Dream Foundation Inc have?
- CharityIndex grades Follow Your Dream Foundation Inc C, based on program efficiency and fundraising cost.
- How much does Follow Your Dream Foundation Inc's highest-paid employee make?
- The highest reported compensation on Follow Your Dream Foundation Inc's latest Form 990 is $59,333, paid to Jeremy Hockenstein (President/treas).
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Data for Follow Your Dream Foundation Inc (EIN 38-3581515) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.