Civic Intelligence

Dream Project Inc

EIN 45-1869894 • 501(c)3 • Arlington, VA

Profile

Dream projects empowers students whose immigration status creates barriers to education by working with them to access and succeed in college through scholarships, mentoring, family engagement, and advocacy

P O Box 7419Arlington, VA 22207

www.dreamproject-va.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

65th percentile

0.18x

Higher debt load relative to assets than 65% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

68th percentile

0.22x

Higher debt load relative to revenue than 68% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

66th percentile

14%

Higher net margin than 66% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

71st percentile

14%

Faster asset growth than 71% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

71st percentile

22%

Faster revenue growth than 71% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets65th percentile

Assets

Up

$1,267,704

Up $152,091 (+14%) from 2023

Liabilities

Up

$222,422

Up $13,805 (+6.6%) from 2023

Net Assets

Up

$1,045,282

Up $138,286 (+15%) from 2023

Operations
Liabilities / Revenue68th percentileNet Margin66th percentile

Revenue

Up

$1,008,478

Up $182,630 (+22%) from 2023

Expenses

Up

$870,192

Up $89,661 (+11%) from 2023

Net Income

Up

$138,286

Up $92,969 (+205%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth71st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2014: $67,831Liabilities 2014: $33,4552014Assets 2015: $113,996Liabilities 2015: $71,0002015Assets 2016: $81,753Liabilities 2016: $15,5632016Assets 2017: $104,564Liabilities 2017: $9,4842017Assets 2018: $252,725Liabilities 2018: $26,090Net Assets 2018: $226,6352018Assets 2019: $334,764Liabilities 2019: $1,250Net Assets 2019: $333,5142019Assets 2020: $583,378Liabilities 2020: $46,915Net Assets 2020: $536,4632020Assets 2021: $756,253Liabilities 2021: $7,500Net Assets 2021: $748,7532021Assets 2022: $905,831Liabilities 2022: $44,152Net Assets 2022: $861,6792022Assets 2023: $1,115,613Liabilities 2023: $208,617Net Assets 2023: $906,9962023Assets 2024: $1,267,704Liabilities 2024: $222,422Net Assets 2024: $1,045,2822024

Highlighted filing

2024

Assets$1,267,704
Liabilities$222,422
Net Assets$1,045,282
Open 2024 Filing

Operations Trend

Revenue Growth71st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0Revenue 2014: $71,530Expenses 2014: $63,851Net Income 2014: $7,6792014Revenue 2015: $104,584Expenses 2015: $95,964Net Income 2015: $8,6202015Revenue 2016: $141,652Expenses 2016: $118,458Net Income 2016: $23,1942016Revenue 2017: $181,667Expenses 2017: $156,777Net Income 2017: $24,8902017Revenue 2018: $386,683Expenses 2018: $255,125Net Income 2018: $131,5582018Revenue 2019: $421,694Expenses 2019: $339,455Net Income 2019: $82,2392019Revenue 2020: $644,445Expenses 2020: $441,884Net Income 2020: $202,5612020Revenue 2021: $742,281Expenses 2021: $529,991Net Income 2021: $212,2902021Revenue 2022: $741,818Expenses 2022: $628,892Net Income 2022: $112,9262022Revenue 2023: $825,848Expenses 2023: $780,531Net Income 2023: $45,3172023Revenue 2024: $1,008,478Expenses 2024: $870,192Net Income 2024: $138,2862024

Highlighted filing

2024

Revenue$1,008,478
Expenses$870,192
Net Income$138,286
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,267,704
Liabilities
$222,422
Net assets
$1,045,282
Revenue
$1,008,478
Expenses
$870,192
Net income
$138,286
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.27$0.22$1.05$1.01$0.87$0.14
2023Detailed filing. Detailed filing data is available for this year.$1.12$0.21$0.91$0.83$0.78$0.05
2022Detailed filing. Detailed filing data is available for this year.$0.91$0.04$0.86$0.74$0.63$0.11
2021Detailed filing. Detailed filing data is available for this year.$0.76$0.01$0.75$0.74$0.53$0.21
2020Detailed filing. Detailed filing data is available for this year.$0.58$0.05$0.54$0.64$0.44$0.20
2019Detailed filing. Detailed filing data is available for this year.$0.33$0.00$0.33$0.42$0.34$0.08
2018Detailed filing. Detailed filing data is available for this year.$0.25$0.03$0.23$0.39$0.26$0.13
2017Summary only. Only limited summary data is available for this year.$0.10$0.01$0.18$0.16$0.02
2016Summary only. Only limited summary data is available for this year.$0.08$0.02$0.14$0.12$0.02
2015Summary only. Only limited summary data is available for this year.$0.11$0.07$0.10$0.10$0.01
2014Summary only. Only limited summary data is available for this year.$0.07$0.03$0.07$0.06$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$1,008,478
Mission and Program Overview

Mission

Dream projects empowers students whose immigration status creates barriers to education by working with them to access and succeed in college through scholarships, mentoring, family engagement, and advocacy

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$121,521$651,048▲ $529,527
Cash and Non-Interest-Bearing Accounts$236,726$271,971▲ $35,245
Savings and Temporary Cash Investments$639,608$202,132▼ $437,476
Accounts Receivable$32,500$64,770▲ $32,270
Other Notes and Loans Receivable, Net$51,381$45,631▼ $5,750
Intangible Assets$32,579$25,377▼ $7,202
Land, Buildings, and Equipment, Net$1,298$6,775▲ $5,477
Total Assets$1,115,613$1,267,704▲ $152,091
Liabilities
Accounts Payable and Accrued Expenses$208,617$222,422▲ $13,805
Total Liabilities$208,617$222,422▲ $13,805
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$820,463$915,918▲ $95,455
Net Assets With Donor Restrictions$86,533$129,364▲ $42,831
Total Net Assets Fund Balance$906,996$1,045,282▲ $138,286
Total Liabilities and Net Assets / Fund Balance$1,115,613$1,267,704▲ $152,091

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,775$1,018$7,793
Other Securities$651,048--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleBaseOtherTotal
Karen Vallejos CorralesExecutive Director$76,670$14,278$90,948

Board Members and Trustees

NameTitle
Emma Violand SanchezChair
Ann KennedyMentoring Chair
Julie ZalkindVice Chair
Bryan VieraBoard Member
David RothwellBoard Member
Dawn CutlerBoard Member
Dayanna HudsonBoard Member
Giancarla RojasBoard Member
JULIUS D JD' SPAIN JRBoard Member
Jeff MilesBoard Member
Marie PriceBoard Member
Meg TuccilloBoard Member
Melanie NezerBoard Member
Monica BurgosBoard Member
Nancy MceldowneyBoard Member
Nataly Montano VargasBoard Member
Robert SmithBoard Member
Ronpillay KulathuranBoard Member
Tim LawlerBoard Member
Mark HabeebSecretary
Robert RemesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$956,866
Program Service Revenue
$0
Investment Income
$33,196
Other Revenue
$18,416
All Other Contributions
$956,866
Change in Net Assets
$138,286
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$401,717
Salaries, Compensation, and Employee Benefits$323,523
Other Expenses$144,952
Total Fundraising Expense$109,517
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$401,717--$401,717
Other Salaries and Wages$183,993$14,918$49,728$248,639
Fees for Services Other$21,536$3,105$11,151$35,792
Other Employee Benefits$26,213$2,125$7,085$35,423
Conferences and Meetings$11,872$1,921$15,435$29,228
Office Expenses$9,877$3,043$8,759$21,679
Payroll Taxes$15,192$1,232$4,106$20,530
Pension Plan Contributions$14,009$1,136$3,786$18,931
Depreciation Depletion$6,083$493$1,644$8,220
All Other Expenses$5,391$512$540$6,443
Fees for Services Accounting$4,496$364$1,215$6,075
Insurance$4,185$339$1,131$5,655
Travel$813$134$3,808$4,755
Other Expenses$1,484$1,653$343$3,480
Information Technology$2,531--$2,531
Total Functional Expenses$722,392$38,283$109,517$870,192
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The return was prepared by an outside accountant. The return is reviewed by the treasurer prior to filing electronically.”

Form 990, Part VI, Section B, Line 12C

“The organization defines an "interested person", is a person (director or employee) who has financial interest in dream project or who has the opportunity to influence the decision on granting scholarships or other business decisions. Each person should disclose the existence of financial interest that could influence the decision making process of dream project. After disclosure, the interested person should leave the board of directors while the determination of conflict of interest is discussed and voted on. If the board of directors has reasonable cause that the interested person failed to disclose any possible conflict of interest, the interested person has the opportunity to explain to the board why he failed to disclose. The board has the final say and will take appropriate disciplinary and corrective actions. In january of each year, each director, employee of dream project shall sign a certification of "conflict of interest policy"”

Form 990, Part VI, Section C, Line 19

“The organization makes available its corporate documents upon request.”

Filing and Contact Details

Filer

Filer Name
Dream Project Inc
EIN
45-1869894
Phone
7036721541
Address
P O BOX 7419, ARLINGTON, VA 22207

Signing Officer

Name
Karen Vallejos Corrales
Title
Executive Director
Phone
7036721541
Signed
2025-05-14

Organization Details

Principal Officer
Karen Vallejos Corrales
Formed
2011
Legal Domicile
Va
Voting Board Members
21
Independent Board Members
21
Employees
7
Volunteers
0

Preparer

Firm
Salti & Associates LLC
Address
1310 L STREET NW, WASHINGTON, DC 20005
Preparer
Salti Associates LLC
Phone
2027283312
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“For the year ended june 30, 2024,dream project, inc. Has documented its consideration of fasb asc 740-10 and determined that no material uncertain tax provisions qualify for either recognition or disclosure in the financial statements.”

Raw XML AppendixShowing 400 of 567 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm14JULIE ZALKIND
IRS990/Form990PartVIISectionAGrp/PersonNm15TIM LAWLER
IRS990/Form990PartVIISectionAGrp/PersonNm16MELANIE NEZER
IRS990/Form990PartVIISectionAGrp/PersonNm17NANCY MCELDOWNEY
IRS990/Form990PartVIISectionAGrp/PersonNm18MEG TUCCILLO
IRS990/Form990PartVIISectionAGrp/PersonNm19BRYAN VIERA
IRS990/Form990PartVIISectionAGrp/PersonNm20GIANCARLA ROJAS
IRS990/Form990PartVIISectionAGrp/PersonNm21KAREN VALLEJOS CORRALES
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IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD MEMBER
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IRS990/MissionDesc0DREAM PROJECTS EMPOWERS STUDENTS WHOSE IMMIGRATION STATUS CREATES BARRIERS TO EDUCATION BY WORKING WITH THEM TO ACCESS AND SUCCEED IN COLLEGE THROUGH SCHOLARSHIPS, MENTORING, FAMILY ENGAGEMENT, AND ADVOCACY
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IRS990/ProgSrvcAccomActy2Grp/Desc0MENTORING: THE DREAM PROJECT'S MENTORING PROGRAM SERVED HIGH SCHOOL SENIORS AND COMMUNITY COLLEGE SCHOLARS TRANSFERRING TO FOUR-YEAR UNIVERSITIES. FROM SEPTEMBER TO MAY, PARTICIPANTS MET WEEKLY WITH OUR DEDICATED TEAM OF STAFF AND MENTORS. STUDENTS ENGAGED IN GROUP DISCUSSIONS AND WORKSHOPS, FOLLOWED BY PERSONALIZED ONE-ON-ONE ADVISING SESSIONS ADDRESSING THE SPECIFICS OF EACH STUDENT'S COLLEGE ADMISSIONS PROCESS. OUR MENTORS PROVIDED CONFIDENTIAL GUIDANCE, INFORMED SPECIFICALLY ON COLLEGE ADMISSIONS PATHWAYS FOR NON-CITIZENS, SUPPORTING STUDENTS THROUGHOUT THEIR JOURNEY TO HIGHER EDUCATION. THE 2023-2024 MENTORING PROGRAM SAW RECORD PARTICIPATION AND RESULTED IN SUCCESSFUL COLLEGE PLACEMENTS ACROSS VIRGINIA. MENTORS ALSO ASSISTED MENTEES IN CHOOSING THEIR SCHOOLS BASED ON EDUCATIONAL AND ECONOMIC NEEDS, AND ASSISTED STUDENTS IN NEGOTIATING FINANCIAL AID PACKAGES.
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IRS990/ProgSrvcAccomActy3Grp/Desc0SCHOLAR, ALUMNI SUPPORT:DREAM PROJECT SCHOLARSHIP RECIPIENTS, COLLEGE GRADUATES, AND THEIR FAMILIES RECEIVED COMPREHENSIVE SUPPORT THROUGH ACTIVITIES AND PROGRAMMING DESIGNED TO FOSTER SUCCESS IN COLLEGE AND CAREERS:"THE DREAM PROJECT HAS PARTNERED WITH BEYOND 12 TO PROVIDE PERSONALIZED COLLEGE COACHING SERVICES, HELPING STUDENTS THRIVE IN COLLEGE AND BEYOND. THESE SERVICES WERE PROVIDED TO ALL FRESHMAN STUDENTS AS WELL AS SELECTED SOPHOMORES AND STUDENTS TRANSFERRING FROM TWO- TO FOUR-YEAR COLLEGES. AS MOST DREAM PROJECT STUDENTS ARE FIRST-GENERATION COLLEGE STUDENTS, THIS COACHING SERVICE PROVED CRUCIAL FOR THEIR ACADEMIC PERSISTENCE AND SUCCESS. "THE ORGANIZATION HOSTED A HIGHLY ATTENDED MANDATORY ANNUAL WEEK-LONG DREAM SUMMITS FOR STUDENTS AND PARENTS FOCUSED ON SUPPORTING STUDENTS IN COLLEGE AND BEYOND. THE FOCUS OF THE 2023 SUMMIT WAS ADVOCACY FOR SELF AND COMMUNITY. IN ADDITION, THE SUMMER SUMMIT INCLUDED PRESENTATIONS INVOLVING NETWORKING, JOB SEARCH, IMMIGRATION DEVELOPMENTS AND INDIVIDUAL IMMIGRATION GUIDANCE BY VOLUNTEER ATTORNEYS, AND WELLNESS SUPPORT."AS NEEDED, THE DREAM PROJECT'S CASE MANAGER CONNECTED STUDENTS WITH COMMUNITY AND GOVERNMENT RESOURCES PROVIDING ADDITIONAL HOUSING, FOOD, AND PHYSICAL AND MENTAL HEALTH SUPPORT SERVICES. INTERNAL SUPPORT SERVICES INCLUDED: THE MOLLY AND JOSEPH HERMAN DREAM SCHOLAR LOAN FUND, WHICH PROVIDED INTEREST-FREE LOANS TO ELIGIBLE STUDENTS FOR UNEXPECTED EMERGENCIES AND DACA APPLICATION FEES. STUDENTS RECEIVED LOANS UP TO $2,000 FOR UNDERGRADUATE AND GRADUATE EDUCATIONAL EXPENSES, PAYABLE DIRECTLY TO EDUCATIONAL INSTITUTIONS. NON-DACA LOANS ARE REPAID AFTER GRADUATION WITHIN TWO YEARS, WHILE DACA LOANS ARE REPAID IN MONTHLY INSTALLMENTS OVER FIVE MONTHS. O THE EMERGENCY RELIEF AND MENTAL HEALTH FUND, WHICH DISTRIBUTED GRANTS TO HELP STUDENTS PAY FOR HOUSING, FOOD, UTILITIES, AND HEALTHCARE WHEN COMMUNITY RESOURCES WERE UNAVAILABLE. O COMPUTER SUPPORT INITIATIVE, WHICH SUPPLIED REFURBISHED LAPTOPS TO STUDENTS IN NEED, ENABLING REMOTE LEARNING AND ACADEMIC SUCCESS."THE DREAM PROJECT WORKED TO CREATE SYSTEMIC CHANGE BY EMPOWERING YOUNG IMMIGRANT ADULTS TO LEAD COMMUNITY INITIATIVES ADVOCATING FOR INFRASTRUCTURE CHANGES THROUGH PARTICIPATION IN COMMUNITY COALITIONS/GROUPS, EDUCATIONAL EVENTS, AND THE FORMATION OF THE LEADERSHIP COUNCIL.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0FAMILY ENGAGEMENT AND SUPPORT:SINCE ITS INCEPTION, THE DREAM PROJECT HAS BENEFITED FROM STRONG PARENT VOLUNTEERING AND SUPPORT. WHAT BEGAN AS A SMALL GROUP OF CONCERNED PARENTS HOPING TO SEND THEIR CHILDREN TO COLLEGE DESPITE NUMEROUS OBSTACLES HAS EVOLVED INTO A ROBUST COMMUNITY SUPPORT SYSTEM. IN 2023-2024, THE DREAM PROJECT HOSTED AN ANNUAL WEEK-LONG DREAM SUMMIT AND REGULAR WORKSHOPS THROUGHOUT THE YEAR, EQUIPPING PARENTS WITH STRATEGIES TO SUPPORT THEIR STUDENTS' EDUCATIONAL JOURNEYS. THE PARENT COMMITTEE ACTIVELY CONTRIBUTED TO THE DREAM PROJECT'S FUNDRAISING EFFORTS, ORGANIZING MULTIPLE SUCCESSFUL EVENTS THROUGHOUT THE YEAR TO FUND A NAMED SCHOLARSHIP AND OTHER DREAM PROJECT PROGRAMS.
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