Dreamspring

Nonprofit profile at a glance

EIN
850417347
IRS 990 coverage
2011–2025
Forms available
Form 990 2025
Location
Albuquerque, NM, USA
Phone
5052438844
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Small Business Development

Official website

Reported finances

Revenue
$8,813,273
Expenses
$8,475,769
Assets
$66,370,416
Liabilities
$40,743,593

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

Leadership & pay

19 people listed

Executive titles in this filing

  • ANNE HAINES (PRES/CEO(THRU 7/25)/SR. BOARD ADVISOR)
  • MARISA BARRERA (ACTING CHIEF EXECUTIVE OFFICER)

Highest reported compensation

  • ANNE HAINES (PRES/CEO(THRU 7/25)/SR. BOARD ADVISOR): $307,018 total reported compensation
  • SUZETTE M LONGFELLOW (CHIEF FINANCIAL OFFICER): $286,033 total reported compensation
  • MARISA BARRERA (ACTING CHIEF EXECUTIVE OFFICER): $251,041 total reported compensation

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

Overview

Mission

Dreamspring increases access to business credit, makes loans and provides training which enable underserved entrepreneurs to realize their dreams and be catalysts for positive economic and social change.

What it reported doing in 2025

See schedule o

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. The filing reports few safeguards for money sent abroad and the filing does not identify recipients for some grant dollars.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 61
  • Accountability: 94
  • Sustainability: 46
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85.4%; rating input score 85
  • Program expense ratio: 86.3%; rating input score 86
  • Fundraising efficiency: $5.37 raised per $1 spent on fundraising; rating input score 16; 16th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Missing
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: Scored; rating input score 0
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 90%; rating input score 90; 22nd percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 3.8%; rating input score 39; 39th percentile among comparable filings
  • Total-asset coverage ratio: 7.83; rating input score 86; 86th percentile among comparable filings
  • Liabilities to assets ratio: 0.61; rating input score 12; 12th percentile among comparable filings
  • Officer compensation ratio: 23.5%; rating input score 12; 12th percentile among comparable filings

Growth

  • Program expense growth: 9.7% per year; rating input score 100; 59th percentile among comparable filings
  • Revenue growth: 9.6% per year; rating input score 100; 64th percentile among comparable filings
  • Asset growth: 9.7% per year; rating input score 100; 56th percentile among comparable filings

Details

  • Where the money goes: 85.4% of revenue deployed · 86.3% of spending went to programs
  • Governance: 9 of 10 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $7.3M in reported program spending
  • Leadership: top reported pay $307K · 19 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $143K reported
  • Consistency: 33 of 33 current checks pass
  • Schedules: 7 filed schedules · includes major donors, foreign activity, and executive pay
  • Filing history: 12 filing years from 2011 to 2025
  • Contacts: How to reach this organization
  • Money network: 10 filed money-flow records
  • Related organizations: 7 filed related-organization links
  • 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.

  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Transparency & Controls: Grant itemization coverage scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 16/100.
  • Moderate — Sustainability: Operating margin scored 39/100.
  • High — Sustainability: Liabilities to assets ratio scored 12/100.
  • High — Sustainability: Officer compensation ratio scored 12/100.