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Follow Your Dream Foundation
Follow Your Dream Foundation reported $67.2 million in revenue and $69.1 million in expenses for the fiscal year ending June 30, 2024. Of every $100 it spent, $99.07 went to program services, $0.93 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 96.9% of the total. The highest compensation it reported for one person was $196,032 (Executive director). 3 people received more than $100,000 in reportable compensation. Revenue rose 662% between FY2021 and FY2024. Source: Form 990, FY2024 (6 mo.).
Where $100 of spending went
The 6-month short period ending December 31, 2024 · Form 990, Part IX, line 25 · total expenses $69MFor context, the median across 469 covered international, foreign affairs & national security charities: $89.04 programs, $8.28 management, $2.68 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The 6-month short period ending December 31, 2024 · Form 990, Part VIII · total revenue $67MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 99.1% | 86.1% |
| Management & general Part IX 25(C) ÷ 25(A) | 0.9% | 8.0% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 2.6% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.03 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 96.9% | 96.6% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.3% | 0.0% |
| Highest reported compensation Part VII-A, columns D–F | $196,032 | $341,362 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.28% | 1.06% |
| People paid over $100,000 Part VII, line 2 | 3 | 10 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 6.1 | 7.5 |
| Independent voting board members Part VI 1a–1b | 3 of 5 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2024 (6 mo.) · Form 990, Part III · the three largest programs by expenseRunning the Livelihood Impact Fund program, which provides grants and loans and intensive consulting support for organizations working to increase incomes for the poor.As part of the Livelihood Impact Fund program, Follow Your Dream has a team of staff, consultants and volunteers who work closely with our grantees. This team has specialized skills and expertise in a range of relevant areas. They provide capacity building support to our grantees and also oversee our research grants. In some areas, such as our eyeglass initiative, our director supervises and directs the activities of grantee…
Highest reported compensation
FY2024 (6 mo.) · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| Executive director Listed in Part VII, 40.00 hrs/week | $184,441 | $0 | $11,591 | $196,032 |
| Dir. Impact Lab Listed in Part VII, 40.00 hrs/week | $178,307 | $0 | $6,246 | $184,553 |
| Dir. Evid & Learn Listed in Part VII, 40.00 hrs/week | $141,223 | $0 | $20,849 | $162,072 |
3 people received more than $100,000 in reportable compensation from Follow Your Dream Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $0 (Part IX, line 5).
5 filings since FY2021
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2024 (6 mo.) · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b5 · 3 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 54
- Volunteers Part I, line 63
Largest outside contractors
FY2024 (6 mo.) · Form 990, Part VII, Section B · businesses only| Bankable Frontier Associates LLc consulting | $800,000 |
| Advanced Sports Analytics Llc Consulting fees | $180,000 |
| Aude Anquetil Consullting | $127,098 |
| Entegra Health LLC Consulting services | $113,500 |
Individuals listed as contractors are left out. 5 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Follow Your Dream Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Follow Your Dream Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Follow Your Dream Foundation spent in FY2024, $99.07 went to programs. The full breakdown, from its IRS Form 990:
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All international, foreign affairs & national security charities · Largest charities in New York
Questions people ask
How much of Follow Your Dream Foundation's spending goes to programs?
In the fiscal year ending June 30, 2024, Follow Your Dream Foundation reported that 99.1% of its $69.1 million in expenses went to program services, 0.9% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Follow Your Dream Foundation pay its top executive?
The largest total compensation Follow Your Dream Foundation reported for one person in the fiscal year ending June 30, 2024 was $196,032, for the role of Executive director (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Follow Your Dream Foundation get its money?
Of $67.2 million in revenue in the fiscal year ending June 30, 2024, 96.9% came from contributions and grants and 0.3% from program service revenue (Form 990, Part VIII).
Is Follow Your Dream Foundation a registered charity?
The IRS lists EIN 38-3581515 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2024 (6 mo.): Form 990 for the 6-month short period ending December 31, 2024, object 202533219349318168 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202531299349303488 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202303399349300415 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202330209349300728 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202231319349304348 · read the filing
All filings for EIN 38-3581515: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.