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Honor Your Dreams Foundation Inc

EIN 85-1137904 · Brooklyn, NY

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

LegitimacyPassesRegistration and standingFinancial healthWeak45 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

HONOR YOUR DREAMS FOUNDATION, INC. IS A NONPROFIT UNLOCKING ECONOMIC MOBILITY FOR LOW-INCOME STUDENTS THROUGH TRANSFORMATIVE WORKFORCE DEVELOPMENT, MENTORSHIP, AND SCHOLARSHIPS. WE PARTNER WITH LEADING EMPLOYERS AND PARTNERS TO CONNECT YOUNG PEOPLE WITH PAID INTERNSHIPS, SKILL-BUILDING OPPORTUNITIES, AND CAPITAL TO LAUNCH THEIR CAREERS, EQUIPPING THEM TO TURN DREAMS AND AMBITIONS INTO DOLLARS AND ACHIEVEMENTS

Income
$112,187
Spending
$185,244
Spent on programs
87%
Reserves
1.2 months of spending
Largest source of income
donations and private grants, 100%
Employees
3
Volunteers
75
Highest pay
$83,176, president

Source: Form 990 for the year ending April 30, 2026, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 45 out of 100. Higher than 18% of charities in its peer group (community improvement, under $250k).

  • Reserves

    10 of 35

    Spendable reserves would cover 1.2 months of spending.

  • Debt

    20 of 20

    It owes 6% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 65% of income.

  • Income trend

    0 of 15

    Income fell 58% on the year before.

  • Spending floor

    15 of 15

    87% of spending went to programs and raising each dollar of donations cost 2 cents.

Source: Form 990 for the year ending April 30, 2026, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 89% of charities in its peer group (community improvement, under $250k).

  • Independent board

    25 of 25

    7 of 7 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.

  • No reported misuse

    10 of 10

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

Source: Form 990 for the year ending April 30, 2026, 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. $161,337 spent. HONOR YOUR DREAMS FOUNDATION, INC. EMPOWERS LOW-INCOME AND UNDERSERVED STUDENTS TO ACHIEVE ECONOMIC MOBILITY THROUGH WORKFORCE DEVELOPMENT, MENTORSHIP, SCHOLARSHIPS, AND CAREER-CONNECTED LEARNING OPPORTUNITIES. THE FOUNDATION PARTNERS WITH EMPLOYERS, EDUCATIONAL INSTITUTIONS, AND COMMUNITY ORGANIZATIONS TO PROVIDE STUDENTS WITH THE RESOURCES, PROFESSIONAL NETWORKS, AND PRACTICAL EXPERIENCES NEEDED TO SUCCESSFULLY TRANSITION FROM SCHOOL TO MEANINGFUL CAREERS. THE FOUNDATION'S PROGRAM PROVIDES PARTICIPANTS WITH CAREER READINESS TRAINING, ONE-ON-ONE MENTORSHIP, LEADERSHIP DEVELOPMENT, FINANCIAL SUPPORT THROUGH SCHOLARSHIPS, AND ACCESS TO PAID INTERNSHIP OPPORTUNITIES THAT BUILD PROFESSIONAL SKILLS AND WORKPLACE EXPERIENCE. THROUGH STRATEGIC PARTNERSHIPS WITH EMPLOYERS, STUDENTS GAIN EXPOSURE TO CAREER PATHWAYS, EXPAND THEIR PROFESSIONAL NETWORKS, AND DEVELOP THE TECHNICAL AND INTERPERSONAL SKILLS NECESSARY FOR LONG-TERM SUCCESS. BUILDING UPON ITS ORIGINAL FELLOWSHIP MODEL, THE FOUNDATION CONTINUES TO SUPPORT STUDENTS BY REMOVING BARRIERS TO EDUCATIONAL AND CAREER ADVANCEMENT THROUGH TARGETED INVESTMENTS IN WORKFORCE DEVELOPMENT, TECHNOLOGY ACCESS WHERE NEEDED, AND INDIVIDUALIZED GUIDANCE. BY CONNECTING YOUNG PEOPLE WITH MEANINGFUL EMPLOYMENT OPPORTUNITIES, PROFESSIONAL MENTORS, AND FINANCIAL RESOURCES, HONOR YOUR DREAMS FOUNDATION HELPS PARTICIPANTS TRANSFORM THEIR EDUCATIONAL ASPIRATIONS INTO SUSTAINABLE CAREERS AND INCREASED ECONOMIC OPPORTUNITY. HONOR YOUR DREAMS FOUNDATION, INC. EMPOWERS LOW-INCOME AND UNDERSERVED STUDENTS TO ACHIEVE ECONOMIC MOBILITY THROUGH WORKFORCE DEVELOPMENT, MENTORSHIP, SCHOLARSHIPS, AND CAREER-CONNECTED LEARNING OPPORTUNITIES. THE FOUNDATION PARTNERS WITH EMPLOYERS, EDUCATIONAL INSTITUTIONS, AND COMMUNITY ORGANIZATIONS TO PROVIDE STUDENTS WITH THE RESOURCES, PROFESSIONAL NETWORKS, AND PRACTICAL EXPERIENCES NEEDED TO SUCCESSFULLY TRANSITION FROM SCHOOL TO MEANINGFUL CAREERS. THE FOUNDATION'S PROGRAM PROVIDES PARTICIPANTS WITH CAREER READINESS TRAINING, ONE-ON-ONE MENTORSHIP, LEADERSHIP DEVELOPMENT, FINANCIAL SUPPORT THROUGH SCHOLARSHIPS, AND ACCESS TO PAID INTERNSHIP OPPORTUNITIES THAT BUILD PROFESSIONAL SKILLS AND WORKPLACE EXPERIENCE. THROUGH STRATEGIC PARTNERSHIPS WITH EMPLOYERS, STUDENTS GAIN EXPOSURE TO CAREER PATHWAYS, EXPAND THEIR PROFESSIONAL NETWORKS, AND DEVELOP THE TECHNICAL AND INTERPERSONAL SKILLS NECESSARY FOR LONG-TERM SUCCESS. BUILDING UPON ITS ORIGINAL FELLOWSHIP MODEL, THE FOUNDATION CONTINUES TO SUPPORT STUDENTS BY REMOVING BARRIERS TO EDUCATIONAL AND CAREER ADVANCEMENT THROUGH TARGETED INVESTMENTS IN WORKFORCE DEVELOPMENT, TECHNOLOGY ACCESS WHERE NEEDED, AND INDIVIDUALIZED GUIDANCE. BY CONNECTING YOUNG PEOPLE WITH MEANINGFUL EMPLOYMENT OPPORTUNITIES, PROFESSIONAL MENTORS, AND FINANCIAL RESOURCES, HONOR YOUR DREAMS FOUNDATION HELPS PARTICIPANTS TRANSFORM THEIR EDUCATIONAL ASPIRATIONS INTO SUSTAINABLE CAREERS AND INCREASED ECONOMIC OPPORTUNITY.

Source: Form 990 for the year ending April 30, 2026, 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 April 2026.

    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 June 2020.

    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.