Dream Spring (formerly Accion Serving Arizona, Colorado, Nevada, New Mexico and Texas)
Dream Spring (formerly Accion Serving Arizona, Colorado, Nevada, New Mexico and Texas)
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About this organization
Mission
DreamSpring is a nonprofit organization that increases access to business credit, makes loans and provides training to enable entrepreneurs to realize their dreams and be catalysts for positive economic and social change. At DreamSpring, we believe human potential is unleashed when all people can shape their own future. We exist to break down systemic barriers that inhibit economic opportunity.
About
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. In 2019, DreamSpring made 1,563 loans, for $21.1 million, that created or sustained 4,126 jobs.
Interesting data from their 2020 990 filing
The filing clearly states the mission of the non-profit as “Dreamspring provides tools to help small businesses operate, grow or start their businesses. we increase access to business credit, make loans and provide training to help entrepreneurs thrive.”.
When outlining its functions, they were explained as: “Dreamspring provides tools to help small businesses operate, grow or start their businesses. we increase access to business credit, make loans and provide training to help entrepreneurs thrive.”.
- In compliance with legal regulations, the non-profit has reported their state of operation as NM.
- The filing records the non-profit's address for 2020 as 2000 ZEARING AVENUE NW, ALBUQUERQUE, NM, 87104.
- As of 2020, the non-profit's form reports a total of 75 employees.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is -$2,524,106.
- The organization has 8 independent voting members.
- The organization was formed in 1994.
- The organization pays $4,119,411 in salary, compensation, and benefits to its employees.
- The organization pays $610,582 in fundraising expenses.
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