1000 Dreams Fund

What it reported doing in 2024

New face of tech scholarship - program powered by harman since its launch in 2017, over $200,000 has been granted to talented young women pursuing degrees in s.t.e.a.m. In the form of scholarships. Each winner also gets the chance to be connected with a harman executive for a 60-minute mentoring session. The new face of tech campaign has been named a finalist in the prestigious shorty social good awards program in 2017, 2018, 2019, and 2020. In 2019, 2020, 2021, and 2022, the program expanded to include direct links to internship and job opportunities at harman. 1dfs paliwal club of 100 - we partnered with the ila and dinesh paliwal foundation in 2019 to launch the paliwal club of 100, a scholarship program that funds the dreams of 100 budding leaders in s.t.e.a.m. Fields over 10 years. Each talented recipient receives a $1000 microgrant to put toward her future. In 2021, we expanded the program to offer additional scholarships under the original paliwal club of 100 - steam scholars fund and added a new fund focused on providing scholarships to women pursuing careers in music under the paliwal club of 100 - music scholars fund. Our future paliwal club of 100 grantees aim to set the standard in their respective fields. They will be able to use their microgrants for life-changing opportunities like conference travel, tech devices, music and art equipment, groundbreaking projects, and more. 1dfs mentorher initiative - this national initiative, launched in 2019, was created to raise awareness about the importance of female mentorship. In partnership with for-profit and non-profit organizations across the country, mentorher pairs women in college, graduate school, or recent graduates with well-matched professionals and executives for a one-hour, one-on-one mentorship session. The positive effects of mentoring programs are well-documented, and for young people, the impact is far-reaching. According to the national mentoring partnership, those with mentors are 130% more likely to hold leadership positions. According to 1dfs state of the american girl research, 70 percent of young american women do not have a mentor. It was with these figures in mind that 1df created mentorher, aiming to accelerate growth in women's success in school and beyond. Through a unique matching process that aligns career goals and backgrounds, participating students are connected with experienced professionals who can share lessons from their own careers and insights into their industries. Honoring the executives' busy schedules, each mentor commits to meeting once, in video conference, for a single, high-impact, 60-minute session. In 2021, 1df set a bold goal for the mentorher initiative: over 1,000 hours of mentorship service in one year to honor 1dfs founding mission. We lined up partnerships with the following companies: colgate-palmolive, a global consumer products leader reimagining a healthier future for all people, their pets, and our planet; allied sports, an award-winning global esports entertainment company, and the owner and operator of the hyperx esports arena las vegas; harman, which designs and engineers connected products and solutions for automakers, consumers, and enterprises worldwide, including connected car systems, audio and visual products, enterprise automation solutions, and services supporting the internet of things; kendra scott, a lifestyle brand headquartered in austin, tx, providing gemstone-inspired collections that include fashion jewelry, fine jewelry, home goods, and beauty; naacp legal defense and educational fund, inc., america's premier legal organization fighting for racial justice. To date, over 500 hours of mentorship service have been generated through the program, which includes one-on-one mentorship as well as workshops featuring guest speakers.

Financial Efficiency

• Mission deployment rate: 82.4%; rating input score 82
• Program expense ratio: 79.5%; rating input score 79
• Fundraising efficiency: $3.7 raised per $1 spent on fundraising; rating input score 16; 16th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 3 of 8 controls in place; rating input score 38
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: Fail
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Fail
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: -3.7%; rating input score 31; 31st percentile among comparable filings
• Total-asset coverage ratio: 0.7; rating input score 32; 32nd percentile among comparable filings
• Liabilities to assets ratio: 0.71; rating input score 8; 8th percentile among comparable filings
• Officer compensation ratio: 2.4%; rating input score 35; 35th percentile among comparable filings

Growth

• Program expense growth: 18.3% per year; rating input score 100; 83rd percentile among comparable filings
• Revenue growth: 12.2% per year; rating input score 100; 77th percentile among comparable filings
• Asset growth: 25.1% per year; rating input score 100; 89th percentile among comparable filings