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Dreamyard Project Inc

EIN 13-3759661 · Bronx, NY

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak39 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE DREAMYARD PROJECT, INC. (DREAMYARD) IS AN ARTS AND SOCIAL JUSTICE ORGANIZATION DEDICATED TO WORKING WITH BRONX YOUTH, FAMILIES, AND SCHOOLS TO BUILD PATHWAYS TOWARD EQUITY AND OPPORTUNITY.

Income
$6.0 million
Spending
$6.9 million
Spent on programs
68%
Reserves
2.1 months of spending
Largest source of income
donations and private grants, 58%
Employees
0
Volunteers
41
Highest pay
$178,843, chief operating officer

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 39 out of 100. Higher than 10% of charities in its peer group (arts and culture, $1m to $10m).

  • Reserves

    10 of 35

    Spendable reserves would cover 2.1 months of spending.

  • Debt

    5 of 20

    It owes 53% of what it owns.

  • Living within its means

    4 of 15

    Spending exceeded income by 14% of income.

  • Income trend

    5 of 15

    Income fell 13% on the year before.

  • Spending floor

    15 of 15

    68% of spending went to programs and raising each dollar of donations cost 9 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 65% of charities in its peer group (arts and culture, $1m to $10m).

  • Independent board

    25 of 25

    20 of 20 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $2.4 million spent. IN-SCHOOL PROGRAMS USES NY STATE-STANDARDS-BASED ARTS INSTRUCTION IN A YEAR-LONG PROGRAM MODEL OFFERS BOTH IN-SCHOOL AND AFTER-SCHOOL ARTS RESIDENCIES. THE FOLLOWING ART PROGRAMS ARE AVAILABLE: DANCE, JOURNALISM, DESIGN, MAKER, MUSIC, POETRY, THEATER, VISUAL ART, DIGITAL ARTS, AND FASHION.
  2. $1.2 million spent. BX START DREAMYARD'S BX START PROVIDES A SPACE WHERE THE POWER OF DESIGN AND DIGITAL MEDIA CAN BE USED TO PROMOTE ECONOMIC OPPORTUNITY. BXSTART PROGRAMS RUN DURING AFTER SCHOOL HOURS, SATURDAYS AND THROUGHOUT THE SUMMER. THE FOLLOWING ART PROGRAMS ARE AVAILABLE: JOURNALISM, DESIGN, MAKER, DIGITAL ARTS, AND FASHION.
  3. $619,819 spent. WORK-BASED LEARNING THROUGH OUR CREATIVE CAREER PATHWAY PROGRAM, DREAMYARD IS INCREASING THE PERCENTAGE OF HIGH SCHOOL AND POST-SECONDARY STUDENTS OF THE BRONX, NY WHO ARE PLACED IN PAID INTERNSHIPS, EMPLOYMENT, AND ENTREPRENEURIAL EXPERIENCES.
  4. $530,490 spent. THE DREAMYARD COMMUNITY ART CENTER ADDRESSES A NEED FOR HIGH-QUALITY PROGRAMMING FOR YOUTH AND FAMILIES. ART CENTER PROGRAMS RUN DURING AFTER SCHOOL HOURS, SATURDAYS AND THROUGHOUT THE SUMMER. THE FOLLOWING ART PROGRAMS ARE AVAILABLE: DANCE, MUSIC, POETRY, THEATER, VISUAL ART AND FASHION.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since September 1994.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.