Gold Coast Foundation - I Have Adream San Diego
Public records show a registered, tax-exempt organization in good standing.
Points to look into
- It owes more than it owns.
These come from the organization's own tax return. There may be a good explanation; ask the charity.
What it says it does
The Corporation is organized for the charitable and educational purposes of: (a) Providing tuition assistance for college and/or vocational school to groups of students from economically disadvantaged families from public housing developments or who attend elementary schools having high drop-out rates (determined by at least 75% of its student body having free or reduced lunch). (b) Organizing programs to aid such students no later than third grade and through twelfth grade to fulfill the requirements for admission to college or vocational school upon high school graduation. Such programs may include, but shall not be limited to:(i) tutoring and other remedial academic and educational activities;(ii) preparation for college entrance exams;(iii) field trips;(iv) counseling and guidance in an effort to minimize or eliminate cultural barriers and educational deficiencies; and(v) group discussions and meetings with students, and, if indicated, with their families and schools in order to mo
- Income
- $61,418
- Spending
- $57,139
- Reserves
- -3 months of spending
- Largest source of income
- donations and private grants, 100%
Source: Form 990EZ for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 21 out of 100. Higher than 4% of charities in its peer group (education, under $250k).
Reserves
0 of 35Spendable reserves are negative: it owes or has committed more than it holds.
Debt
0 of 20It owes 280% of what it owns.
Living within its means
15 of 15Income exceeded spending by 7% of income.
Source: Form 990EZ for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
This organization files the short tax form, which does not ask about boards, policies or audits. That is normal for a small charity and is not a mark against it.
Source: Form 990EZ 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)
- The Corporation is organized for the charitable and educational purposes of: (a) Providing tuition assistance for college and/or vocational school to groups of students from economically disadvantaged families from public housing developments or who attend elementary schools having high drop-out rates (determined by at least 75% of its student body having free or reduced lunch). (b) Organizing programs to aid such students no later than third grade and through twelfth grade to fulfill the requirements for admission to college or vocational school upon high school graduation. Such programs may include, but shall not be limited to:(i) tutoring and other remedial academic and educational activities;(ii) preparation for college entrance exams;(iii) field trips;(iv) counseling and guidance in an effort to minimize or eliminate cultural barriers and educational deficiencies; and(v) group discussions and meetings with students, and, if indicated, with their families and schools in order to motivate and encourage these students to achieve admission to and to attend college or vocational school, and the conduct of any and all other activities as shall from time to time be found appropriate in connection with the foregoing, except as restricted herein or prohibited by law.
Source: Form 990EZ for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
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.
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.
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.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2026.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since February 2007.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
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.