EIN 85-0417347

Dreamspring

Name: Dreamspring financials for 2022
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Albuquerque

State

New Mexico

Year formed

1994

Most recent tax filings

2022-12-01

NTEE code, primary

S43: Management Services for Small Business, Entrepreneurs

Description

Dreamspring provides business credit, loans, and training for entrepreneurs in underserved communities to accelerate economic inclusion and strength.

Also known as...

Accion New Mexico

Total revenues

$25,867,927

2022

Total expenses

$20,150,364

2022

Total assets

$95,789,629

2022

Num. employees

2022

Program areas at Dreamspring

Dreamspring provides tools to help small businesses operate, grow or start their business. We increase access to business credit, make loans and provide training to help entrepreneurs thrive. In 2022 Dreamspring made 4,093 loans, for $71.6 million, that created or sustained 10,869 jobs.

Grants made by Dreamspring

Grantee	Grant description	Grant year	Amount
Colorado Chamber Players Incorporated	Grant for Businesses Affected By Covid	2020-12	$15,000
Denver Film Society	Grant for Businesses Affected By Covid	2020-12	$15,000

Who funds Dreamspring

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
Scale Link	2023-03	General Support	$728,392
JP Morgan Chase Foundation	2022-12	In Support of Underserved Small Business Expansion	$500,000
The Colorado Health Foundation	2022-12	Strengthen Community Health	$500,000
...and 14 more grants received

Personnel at Dreamspring

Name	Title	Compensation	Date of data
Anne Haines	President and Chief Executive Officer	$298,427	2022-12-31
Francisco Lopez	Chief Operations and Innovation Officer / Vice President , Business Innovation and Partnerships / Vice President of Business Innovation and Partnerships	$251,909	2022-12-31
Suzette M Longfellow	Chief Financial Officer	$202,048	2023-11-02
Irvin Ashford, Jr.	Chief Community Officer, Comerica Bank		2022-07-27
Jerry John Jacob	Vice President , Engineering		2022-07-27
...and 21 more key personnel

Financials for Dreamspring

Revenues	FYE 12/2022	FYE 12/2021	% Change
Total grants, contributions, etc.	$7,822,206	$7,512,573	4.1%
Program services	$17,871,900	$17,685,543	1.1%
Investment income and dividends	$41,890	$45,423	-7.8%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$18,991	$86,801	-78.1%
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$112,940	$-31,742	455.8%
Total revenues	$25,867,927	$25,298,598	2.3%

Form 990s for Dreamspring

Fiscal year ending	Date received by IRS	Form	PDF link
2022-12	2023-11-02	990	View PDF
2021-12	2022-11-09	990	View PDF
2020-12	2021-10-13	990	View PDF
2019-12	2020-10-21	990	View PDF
2018-12	2019-09-26	990	View PDF
...and 12 more Form 990s

Organizations like Dreamspring

Organization	Type	Location	Revenue
Entrepreneur Fund	501(c)(3)	Duluth, MN	$13,045,758
Pathway Lending	501(c)(3)	Nashville, TN	$45,168,768
Access To Capital for Entrepreneurs	501(c)(3)	Cleveland, GA	$26,987,407
Micro Enterprise Services of Oregon	501(c)(3)	Portland, OR	$14,090,117
Carolina Small Business Development Fund	501(c)(3)	Raleigh, NC	$10,484,327
Accion Opportunity Fund Community Development	501(c)(3)	San Jose, CA	$50,501,448
Wisconsin Womens Business Initiative Corporation (WWBIC)	501(c)(3)	Milwaukee, WI	$9,606,906
Allies for Community Business (A4CB)	501(c)(3)	Chicago, IL	$9,139,197
Bridgeway Capital	501(c)(3)	Pittsburgh, PA	$17,987,424
Metropolitan Economic Development Association	501(c)(3)	Minneapolis, MN	$9,291,098

Data update history

May 18, 2024

Received grants

Identified 8 new grant, including a grant for $728,392 from Scale Link

January 21, 2024

Posted financials

Added Form 990 for fiscal year 2022

January 21, 2024

Updated personnel

Identified 2 new personnel

December 25, 2023

Received grants

Identified 3 new grant, including a grant for $500,000 from JP Morgan Chase Foundation

November 25, 2023

Posted financials

Added Form 990 for fiscal year 2021

Nonprofit Types

Grantmaking organizationsBusiness and community development organizationsCommunity Development Financial InstitutionsCharities

Issues

Business and industry

Characteristics

Operates internationallyState / local levelReceives government fundingEndowed supportManagement and technical assistanceTax deductible donationsAccepts online donations

General information

Address: 2000 Zearing Ave NW; Albuquerque, NM 87104
Metro area: Albuquerque, NM
County: Bernalillo County, NM
Website URL: dreamspring.org/
Phone: (505) 243-8844

IRS details

EIN: 85-0417347
Fiscal year end: December
Taxreturn type: Form 990
Year formed: 1994
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary: 522120: Savings Institutions
Parent/child status: Independent

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Dreamspring

Program areas at Dreamspring

Grants made by Dreamspring

Who funds Dreamspring

Personnel at Dreamspring

Financials for Dreamspring

Form 990s for Dreamspring

Organizations like Dreamspring

Nonprofits

Product

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