Dreams Abroad Inc

Nonprofit profile at a glance

EIN
991580856
IRS 990 coverage
2024–2025
Forms available
Form 990 2025
Location
Washington, DC, USA
Phone
9547908263
Rating
61
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Adult, Continuing Education

Official website

Reported finances

Revenue
$408,065
Expenses
$322,038
Assets
$130,568
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

2 people listed

Executive titles in this filing

  • LEESA TRUESDELL (PRESIDENT AND SECRETARY)

People named in this filing

  • LEESA TRUESDELL (PRESIDENT AND SECRETARY)
  • BRAD TRUESDELL (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Dreams abroad educates, supports, and empowers professionals who dream to work, study, and live abroad. The organization has been established and is to be operated exclusively for charitable and educational purposes. Specifically, the organization will (cont. On schedule o) accelerate the dreams and careers of global professionals through authentic engagement with knowledgeable locals, experiential learning, and personal exploration. Through the organization's website, social media, local events, and scholarship and sponsorship programs, it will provide professionals with vital information and resources to inspire and guide them through the vast opportunities available to work, study, and live overseas.

What it reported doing in 2025

The organization will chronicle the lives of its international network and provide a platform for individuals to chart their global adventures, educate others on specific locations and customs, and share stories to enlighten and inspire others. The organization also conducts a "meet the locals" program which turns a spotlight on local community-minded entrepreneurs, artists, small businesses, and nonprofits making a profound impact within their communities around the world. In addition to featured articles, the organization hosts meet the locals events across the globe, highlights the passion, expertise, and engagement the locals offer their community and organization sponsorship recipients and supporters. The organization is actively recruiting entrepreneurs, small businesses, and (cont. On schedule o) nonprofits to its meet the locals program. The organization developed a scholarship program in 2024 to help defray the costs of participants' educational and professional journeys. These scholarships cover a wide range of activities and age groups that align to the mission of the organization.in 2025, the organization sent its first scholarship recipient abroad.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 93% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 32
  • Transparency & Controls: 77
  • Accountability: 88
  • Sustainability: 57
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 29.8%; rating input score 30
  • Program expense ratio: 37.7%; rating input score 38
  • Fundraising efficiency: $4.72 raised per $1 spent on fundraising; rating input score 20; 20th 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: 1 of 8 controls in place; rating input score 12
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Fail
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Fail
    • Conducts site visits: Fail
    • Requires grant agreements: Fail
    • May require repayment: Fail
  • Grant itemization coverage: 100%; rating input score 100; 81st 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; 64th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 21.1%; rating input score 72; 72nd percentile among comparable filings
  • Total-asset coverage ratio: 0.41; rating input score 21; 21st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 77; 77th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 67; 67th percentile among comparable filings

Growth

  • Program expense growth: 38.6% per year; rating input score 100; 93rd percentile among comparable filings
  • Revenue growth: 54.8% per year; rating input score 100; 97th percentile among comparable filings
  • Asset growth: 98.3% per year; rating input score 100; 99th percentile among comparable filings

Details

  • Where the money goes: 29.8% of revenue deployed · 37.7% of spending went to programs
  • Governance: 2 of 2 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $122K in reported program spending
  • Leadership: top reported pay $0 · 2 people listed
  • Consistency: 23 of 23 current checks pass
  • Schedules: 4 filed schedules · includes major donors and foreign activity
  • Filing history: 2 filing years from 2024 to 2025
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 30/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 38/100.
  • High — Transparency & Controls: Foreign activity oversight: 7 of 8 not reported.
  • High — Financial Efficiency: Fundraising efficiency scored 20/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Total-asset coverage ratio scored 21/100.