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CHARITY REVIEW
Issued: July 2025 Expires: July 2027

I Have A Dream Foundation of Boulder County

Standards Not Met
Standards Not Met
18
(303) 444-3636
5390 Manhattan Circle, Suite 200
Boulder, CO, 80303
https://bouldercounty.ihdf.org/
📄 Full Report 🖨️ Print 📋 BBB Charity Standards

Standards For Charity Accountability

Governance

  1. Board Oversight
  2. Board Size
  3. Board Meetings
  4. Board Compensation
  5. Conflict of Interest

Measuring Effectiveness

  1. Effectiveness Policy
  2. Effectiveness Report

Finances

  1. Program Expenses
  2. Fundraising Expenses
  3. Accumulating Funds
  4. Audit Report
  5. Detailed Expense Breakdown
  6. Accurate Expense Reporting
  7. Budget Plan

Fundraising & Info

  1. Truthful Materials
  2. Annual Report
  3. Website Disclosures
  4. Donor Privacy
  5. Cause Marketing Disclosures
  6. Complaints

I Have A Dream Foundation of Boulder County does not meet the following 1 Standards for Charity Accountability:

Standard 18 (Privacy for Written Appeals & Internet Privacy)
Address privacy concerns of donors by (a) providing in written appeals, at least annually, a means (e.g., such as a check off box) for both new and continuing donors to inform the charity if they do not want their name and address shared outside the organization, (b) providing a clear, prominent and easily accessible privacy policy on any of its websites that tells visitors (i) what information, if any, is being collected about them by the charity and how this information will be used, (ii) how to contact the charity to review personal information collected and request corrections, (iii) how to inform the charity (e.g., a check off box) that the visitor does not wish his/her personal information to be shared outside the organization, and (iv) what security measures the charity has in place to protect personal information.

IHDF Boulder does not meet this Standard because the privacy policy on its website, https://bouldercounty.ihdf.org/, does not indicate:

  • What security measures are in place to protect personal information that is collected.

The BBB Wise Giving Alliance requested but did not receive complete information from the organization and is unable to verify the organization's compliance with the following Standard(s) for Charity Accountability: 6, 7

I Have A Dream Foundation of Boulder County meets the remaining 17 Standards for Charity Accountability.

Stated Purpose:
"to empower children from under-resourced communities to succeed in school, college, and career by providing academic, social, and emotional support from elementary school through college, along with a post-secondary tuition assistance scholarship."

Year, State Incorporated:
1990, CO

I Have A Dream Foundation of Boulder County (IHDF Boulder) reports that it sponsors entire grade levels of five to 100 students in under-resourced public schools and housing developments. The organization works with students, called "Dreamer Scholars," from early elementary through high schools. After high school graduation, each Dreamer Scholar receives guaranteed tuition assistance for their higher education. IHDF Boulder collaborates with local school districts, colleges, and other community organizations to provide the Dreamer Scholars with the academic and social services needed to overcome obstacles and achieve higher education credentials. In 2022, the organization reported it supported 560 Dreamer Scholars.

For the year ended December 31, 2023, I Have A Dream Foundation of Boulder County's program expenses were:

Program services $3,181,738
Total Program Expenses $3,181,738

Chief Executive
Perla Delgado, PhD, Chief Executive Officer and Executive Director

Compensation*
$183,996

Chair of the Board
Jason Vallery

Chair's Profession / Business Affiliation
Group Product Manager, Azure Storage, Microsoft

Board Size
16

Paid Staff Size
48

*2023 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.

Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Direct mail appeals, Radio, Special events

Fundraising costs were 4% of related contributions. (Related contributions, which totaled $5,871,887, are donations received as a result of fundraising activities.)

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

The following information is based on I Have A Dream Foundation of Boulder County's audited financial statements for the year ended December 31, 2023.

Source of Funds
Miscellaneous income $23,704
In-kind contributions $179,780
Special events, net $371,388
Government grants $887,189
Investment income, net $990,275
Foundation grants $1,041,568
Contributions $3,391,962
Total Income $6,885,866

Programs: 79% Fundraising: 6% Administrative: 15%

Total Income $6,885,866
Total expenses: $4,052,555
  Program expenses $3,181,738
  Fundraising expenses $254,891
  Administrative expenses $615,926
  Other expenses $0
Income in Excess of Expenses $2,833,311
Beginning Net Assets $11,677,953
Other Changes In Net Assets $0
Ending Net Assets $14,511,264
Total Liabilities $626,265
Total Assets $15,137,529

Note: According to the organization's audited financial statements - consolidated - for the year ended December 31, 2023, IHDF Boulder received in-kind contributions totaling $179,780 in the form of AmeriCorps volunteers ($127,183), advertising ($51,172), and America Reads ($1,425).

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.

This report is not to be used for fundraising or promotional purposes.

RELATED CONTENT

Report completed by:
BBB Wise Giving Alliance