Virginia · Nonprofit
DREAM PROJECT INC
DREAM PROJECT INC (Virginia) receives grants from 34 organizations whose IRS filings report $1,799,214 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($190,400). 20 of them have funded it in more than one year.
- Revenue FY2025
- $1.1M
- Funders on record
- 34
- Grants received
- $1.8M
- Net assets
- $1.1M
What Dream Project Inc does
Mission
The dream project empowers students from virginia's immigrant community to succeed in college or vocational training through scholarships, mentoring, family engagement, and holistic support throughout their education.
As stated on its FY2025 Form 990.
Programs
Scholarships:the dream project awarded renewable college scholarships to talented immigrant students in virginia. The dream scholarship recognizes students who demonstrate academic achievement, leadership, community involvement, and perseverance in the face of adversity. In 2025, we awarded a record-breaking renewable $4,000 to each of the 105 students. (100 four-year scholarships and 5 cte scholarships with another 5 to be awarded in fall 2025). In 2026 we expect to grant 100 academic scholarships and up to 10 cte scholarships at a rate of $4,500 each. Our longer term goal over the next three years is to increase the scholarship amount to $5,500, more closely approximating in-state tuition at community colleges
$583,603 spentof which $440,000 as grants$34,471 earned by the program63% of program spendingMentoring: the dream project offers three mentoring programs that connect immigrant high school seniors with mentors who help them prepare for college admissions, successful college careers, or career and technical education (cte) pathways. College track: the year-long college track program supports high school seniors as they navigate the college application process. Students receive guidance in researching schools, writing personal statements, and understanding financial aid. Mentorsmany of whom are professionals, college students, or alumniserve as role models, helping students build confidence and develop realistic, achievable college plans. Bridge to dreams: launched in summer 2025, bridge to dreams is a partnership mentoring program with stanford university alumni. This 8-week virtual summer mentorship pairs college-ready rising high school seniors with stanford graduate student mentors. The program aims to expand access to higher education, increase college acceptance rates for immigrant students, and promote broader representation in academia. Mentees receive a $250 stipend for completing the program. Cte mentoring program: our cte mentoring program supports high school…
$85,571 spent9% of program spendingScholar, and alumni support:dream project scholarship recipients received comprehensive support through activities and programming designed to foster success in college and careers: dream summit: the dream project hosts an annual, week-long dream summit for students focused on supporting student success in college and beyond. This year's summit focused on resilience and wellbeing. Coaching services: college can be a significant adjustment especially for first-generation students. In 2024-2025, the dream project partnered with beyond 12 to provide personalized college coaching services that helped students thrive academically and professionally. Coaching was offered to all first-year students, and students transferring from two-year to four-year institutions. Beginning in 2025-2026, these college coaching services have been brought in-house to further strengthen continuity of support and community connection. Mental health support: recognizing that emotional well-being is essential to academic and personal success, the dream project partners with the center for psychological services (cps) to cover the cost of eight individual telehealth counseling sessions for students. These…
$183,236 spentof which $19,297 as grants20% of program spendingFamily engagement and support:since its inception, the dream project has thrived thanks to the unwavering commitment and involvement of parents. What began as a small group of dedicated founding parents determined to help their children pursue higher education despite numerous challenges has grown into a vibrant and enduring community support network.this year, the dream project took intentional steps to institutionalize family engagement by incorporating it into our core programmatic goalsensuring that parent participation remains a cornerstone of support for our mentees and scholars.furthermore, the parents' committeecomposed of both founding and newer familieshas long played a vital role in the organization. The committee has spearheaded fundraising initiatives, fostered networks of mutual support, and led outreach efforts to immigrant communities, schools, churches, elected officials, and advocacy organizations. This year, an agreement was made to formally incorporate the parents' committee into the organization's bylaws as an ad hoc committee, ensuring that parents continue to play a key role in strengthening the dream project's growth, sustainability, and community impact.
$26,951 spent3% of program spendingCommunications and advocacy
$43,991 spent5% of program spending
The 5 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $923,352.
The organization over time
Each line starts at 100 in 2018, so what you read is the shape rather than the size: 150 means half as much again as 2018, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2019 to 2020, from $335k to $583k (+74%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2018 1% · 2021 3%. Grants only. Government contracts and fees sit inside program revenue.
92% of DREAM PROJECT INC’s revenue is contributions — more donation-reliant than the typical peer (48% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Karen Vallejos Corrales
Executive director
As listed on its FY2025 Form 990.
The chief executive listed changed between the FY2018 and FY2019, and between the FY2023 and FY2024 filings.
Who funds it, year by year
2017 → 2023: the base broadened from 3 funders to 17 funders, grant income rose $20k → $331k.
11 of 34 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 49% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of DREAM PROJECT INC’s funders (the co-funder graph). Top 30 of 34 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
DREAM PROJECT INC has a broad base — no single funder exceeds 11% of grant income, and it takes 6 funders to reach half.
the vertical line marks half of all grant income — 6 funders to its left
54% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund DREAM PROJECT INC.
Largest funder’s share by year: 2017 50% · 2018 37% · 2019 38% · 2020 21% · 2021 23% · 2022 24% · 2023 17% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
47% of DREAM PROJECT INC's funders are still giving 3 years after their first grant; 59% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
DREAM PROJECT INC draws 96% of its grant income from funders outside Virginia, across 14 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $874k arriving through sponsors registered in 9 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
DREAM PROJECT INC is better cushioned than half of the 9,398 education nonprofits its size.
this organization peer median middle 50% of peers· 9,398 education nonprofits $1M–$10M, FY2025
Organizations like DREAM PROJECT INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Virginia
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
86% of spending goes to programs.
Governance
Public support
86%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for DREAM PROJECT INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds DREAM PROJECT INC?
- DREAM PROJECT INC (Virginia) receives grants from 34 organizations whose IRS filings report $1,799,214 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($190,400). 20 of them have funded it in more than one year.
- How many funders does DREAM PROJECT INC have?
- IRS filings report 34 organizations giving $1,799,214 in grants to DREAM PROJECT INC, 20 of which have funded it in more than one year.
- Who is the largest funder of DREAM PROJECT INC?
- FIDELITY INVESTMENTS CHARITABLE GIFT FUND is the largest funder on record, with $190,400 in grants. The full list of funders is on this page.
- How can an organization like DREAM PROJECT INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Virginia. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Dream Project →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2018–2025), and the filings of 34 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing