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Seven Dreams Foundation

EIN 20-2378425 · Minneapolis, MN

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

LegitimacyPassesRegistration and standingFinancial healthFair63 out of 100GovernanceFair59 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

WE INSPIRE AND FULFILL INNOVATIVE LEARNING OPPORTUNITIES IN THE ROBBINSDALE AREA SCHOOLS THROUGH COMMUNITY ENGAGEMENT AND FUNDRAISING.

Income
$94,983
Spending
$111,309
Spent on programs
100%
Reserves
8.3 months of spending
Largest source of income
other income, 51%
Employees
2
Volunteers
25
Highest pay
$27,297, exec drctr-p

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

Fair: 63 out of 100. Higher than 26% of charities in its peer group (education, under $250k).

  • Reserves

    28 of 35

    Spendable reserves would cover 8.3 months of spending.

  • Debt

    5 of 20

    It owes 70% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 17% of income.

  • Income trend

    15 of 15

    Income rose 15% on the year before.

  • Spending floor

    15 of 15

    100% of spending went to programs and raising each dollar of donations cost 0 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

Fair: 59 out of 100. Higher than 43% of charities in its peer group (education, under $250k).

  • Independent board

    25 of 25

    15 of 15 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no 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

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • 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 (1)
  1. $111,309 spent. 1. HANDS-ON LEARNING GRANTS: EVERY SPRING WE AWARD AT LEAST 10,000 IN SMALL GRANTS (UP TO 2,500 EACH) TO RAS STAFF WHO APPLY FOR A HANDS-ON LEARNING GRANT. THE FUNDING FOR THESE GRANTS COMES PRIMARILY FROM THE STAFF CHARITABLE GIVING CAMPAIGN IN THE FALL. OUR GENEROUS STAFF MAKE A DONATION TO SEVEN DREAMS FROM THEIR PAYCHECKS THROUGHOUT THE YEAR, OR THROUGH A ONE-TIME DONATION. THEIR GENEROSITY COMES FULL CIRCLE SINCE ALL OF THIS MONEY IS USED TO FUND STAFF GRANTS FOR PROJECTS IN THEIR SCHOOLS. 2. SUPPORT DISTRICT-WIDE INITIATIVES: EVERY YEAR, THE SEVEN DREAMS EDUCATION FOUNDATION WORKS COLLABORATIVELY WITH ROBBINSDALE AREA SCHOOLS' DISTRICT ADMINISTRATORS TO CREATE A LARGE DISTRICT-WIDE INITIATIVE THAT WILL IMPACT MANY STUDENTS. THE FOUNDATION CHOOSES ONE INITIATIVE TO FUND THROUGH PROCEEDS FROM THE BIRD BASH GALA EVENT. INITIATIVES HAVE INCLUDED RAISING STUDENT VOICE IN SONG AND ON STAGE BY PROVIDING THE FUNDS FOR THE STUDENTS TO WORK WITH AN ARTIST IN RESIDENCE TO CREATE A MUSICAL PIECE, THEATER BOXES AND MIRRORS FOR PRACTICE, AND FIELD TRIPS TO LIVE THEATER AND MUSICAL PERFORMANCES, AND ADDITIONAL FUNDS FOR HANDS-ON LEARNING GRANTS. 1. HANDS-ON LEARNING GRANTS: EVERY SPRING WE AWARD AT LEAST 10,000 IN SMALL GRANTS (UP TO 2,500 EACH) TO RAS STAFF WHO APPLY FOR A HANDS-ON LEARNING GRANT. THE FUNDING FOR THESE GRANTS COMES PRIMARILY FROM THE STAFF CHARITABLE GIVING CAMPAIGN IN THE FALL. OUR GENEROUS STAFF MAKE A DONATION TO SEVEN DREAMS FROM THEIR PAYCHECKS THROUGHOUT THE YEAR, OR THROUGH A ONE-TIME DONATION. THEIR GENEROSITY COMES FULL CIRCLE SINCE ALL OF THIS MONEY IS USED TO FUND STAFF GRANTS FOR PROJECTS IN THEIR SCHOOLS. 2. SUPPORT DISTRICT-WIDE INITIATIVES: EVERY YEAR, THE SEVEN DREAMS EDUCATION FOUNDATION WORKS COLLABORATIVELY WITH ROBBINSDALE AREA SCHOOLS' DISTRICT ADMINISTRATORS TO CREATE A LARGE DISTRICT-WIDE INITIATIVE THAT WILL IMPACT MANY STUDENTS. THE FOUNDATION CHOOSES ONE INITIATIVE TO FUND THROUGH PROCEEDS FROM THE BIRD BASH GALA EVENT. INITIATIVES HAVE INCLUDED RAISING STUDENT VOICE IN SONG AND ON STAGE BY PROVIDING THE FUNDS FOR THE STUDENTS TO WORK WITH AN ARTIST IN RESIDENCE TO CREATE A MUSICAL PIECE, THEATER BOXES AND MIRRORS FOR PRACTICE, AND FIELD TRIPS TO LIVE THEATER AND MUSICAL PERFORMANCES, AND ADDITIONAL FUNDS FOR HANDS-ON LEARNING GRANTS.

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 November 6, 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 March 2006.

    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 November 4, 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.