DreamSpring is a nonprofit Community Development Financial Institution (CDFI) and U.S. Small Business Administration (SBA) lender headquartered in Albuquerque, New Mexico. Founded in 1994, the organization provides rapid access to capital and customized wrap-around support to entrepreneurs and nonprofits seeking to start and grow small businesses. The organization operates as a 501(c)(3) nonprofit designated for community improvement, capacity building, and management services for small business and entrepreneurs.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$69.2M
-4.3% YoY
Revenue
$14.5M
-1.0% YoY
Net Investment Income
$3.1M
+1033.1% YoY
Expenses
$14.3M
-38.2% YoY
Mission & Focus Areas
DreamSpring is dedicated to propelling individual and family economic mobility and community wealth-building by helping people start and grow small businesses. The organization increases access to business credit, makes loans, and provides training and support to enable underserved entrepreneurs to achieve financial security and become catalysts for local economic development and job creation.
Grantmaking
DreamSpring provides a range of loan products designed to serve underserved entrepreneurs, including:
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Geographic Focus
Where this funder awards grants
DreamSpring serves entrepreneurs across 27 states: Alabama, Arizona, California, Colorado, Florida, Georgia, Illinois, Iowa, Kansas, Louisiana, Michigan, Missouri, Mississippi, Nebraska, Nevada, New Mexico, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Washington, and Wyoming.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total Assets: $72.3 million
- Total Liabilities: $47.6 million
- Revenue: $14.7 million
- Expenses: $23.1 million
- Total Funding: $10.9 million (most recent funding round was a grant in July 2024)
Staffing:
- Approximately 44-70 employees (figures vary by source and reporting period)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $69,204,204 | $72,311,430 | $95,789,629 |
| Revenue | $14,527,292 | $14,674,824 | $25,867,927 |
| Expenses | $14,283,162 | $23,123,632 | $20,150,364 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $3,094,672 | $273,126 | $60,881 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
50 grants across all recorded years
Open Grants
1 open opportunity from Dreamspring
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ANTHONY SHARETT | BAORD CHAIR | 2 | — |
| IRV ASHFORD JR | SECRETARY | 2 | — |
| ALICE RODRIGUEZ | VICE CHAIR | 2 | — |
| VIRGINIA BAYLESS | TREASURER | 2 | — |
| EDMOND JOHNSON | IMMMEDIATE PAST CHAIR | 2 | — |
| BETTY ARKELL | DIRECTOR | 2 | — |
| YASHODA NAIDOO | DIRECTOR | 2 | — |
| JERRIE MERRITT | DIRECTOR | 2 | — |
| KIM PEONE | DIRECTOR | 2 | — |
| MANNY ALVAREZ | DIRECTOR | 2 | — |
| ANNE HAINES | PRESIDENT & CEO | 40 | $281,915 |
| SUZETTE M LONGFELLOW | CHIEF FINANCIAL OFFICER | 40 | $216,914 |
| MARISA BARRERA | CHIEF IMPACT OFFICER | 40 | $187,827 |
| FRANCISCO LOPEZ | CHIEF OPERATIONS & INNOVATION OFFICER | 40 | $114,248 |
| MARGARET SMITH | CHIEF LENDING & CLIENT EXP OFFICER | 40 | $173,285 |
| AMBER MARIE KANI | HEAD OF STAKEHOLDER ENGAGEMENT | 40 | $165,299 |
| ANALISA SMITH | SR. DIRECTOR OF FINANCE | 40 | $134,662 |
| DARCIE DEFOE | DIRECTOR OF MARKETING | 40 | $133,992 |
Recent News & Activity
Recent developments and announcements
DreamSpring has received multiple significant grants in recent years:
DreamSpring Receives $315,000 in U.S. Bank Foundation Grants to ...**United Way Dallas:** $150,000 multi-year grant
DreamSpring Awarded $150,000 Multi-Year Grant from United Way ...**U.S. Bank Foundation:** $315,000 in grants to fuel equitable small business growth
DreamSpring Receives $315,000 in U.S. Bank Foundation Grants to ...**Bank of America:** $75,000 in economic mobility grants to support entrepreneurs
DreamSpring Receives $75,000 in Economic Mobility Grants from ...**ECC Foundation:** $5,000 grant
DreamSpring Powers Up with $5,000 ECC Foundation Grant**Kauffman Foundation:** $5.3 million award to propel economic inclusion among entrepreneurs in Kansas City
Kauffman Foundation Awards DreamSpring $5.3 Million to Propel Economic InclusionContact Information
Headquarters: 2000 Zearing Avenue NW Albuquerque, NM 87104
Phone: 800-508-7624 or 888-265-5676 Email: info@dreamspring.org Website: dreamspring.org
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Dreamspring fund?
DreamSpring is dedicated to propelling individual and family economic mobility and community wealth-building by helping people start and grow small businesses. The organization increases access to business credit, makes loans, and provides training and support to enable underserved entrepreneurs to achieve financial security and become catalysts for local economic development and job creation.
How do I apply for a grant from Dreamspring?
DreamSpring provides a range of loan products designed to serve underserved entrepreneurs, including: • Flexible lines of credit • SBA Community Advantage 7(a) loans • Commercial real estate financing • Small business loans with flexible minimum amounts (loans as low as $4,000) **Historical Impact:** • Issued more than 47,925 loans totaling over $582 million to small businesses • Supported an estimated 67,800 jobs through lending activity
Where does Dreamspring make grants?
DreamSpring serves entrepreneurs across 27 states: Alabama, Arizona, California, Colorado, Florida, Georgia, Illinois, Iowa, Kansas, Louisiana, Michigan, Missouri, Mississippi, Nebraska, Nevada, New Mexico, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Washington, and Wyoming.
What is Dreamspring's EIN?
Dreamspring's EIN (Employer Identification Number) is 85-0417347. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Dreamspring's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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