2026-07-28T09:43:10-05:00 2025-12-31 410746749 CLIFTONLARSONALLEN LLP 6501 AMERICAS PARKWAY NE SUITE 500 ALBUQUERQUE NM 87110 990 2025-01-01 850417347 DREAMSPRING DREA 5052438844 2000 ZEARING AVENUE NW ALBUQUERQUE NM 87104 SUZETTE M LONGFELLOW CFO 5052438844 2026-07-24 1 JESSICA LOCKER CPA P01367046 5058428290 2026-07-20 2025 2025-03-06 01:10:19Z SUZETTE M LONGFELLOW 2000 ZEARING AVENUE NW ALBUQUERQUE NM 87104 8976098 0 X WWW.DREAMSPRING.ORG X 1994 NM SEE SCHEDULE O 10 9 41 11 0 0 5043051 2490739 6272913 4998204 3094672 1181958 116656 142372 14527292 8813273 0 0 0 0 5519315 4227157 0 0 463959 8763847 4248612 14283162 8475769 244130 337504 69204204 66370416 44192462 40743593 25011742 25626823 X 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. 0 0 7312494 5140576 SEE SCHEDULE O 7312494 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 49 0 1 41 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 10 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA CO FL KS NV NM OH OK WA X X ANALISA SMITH 5052438844 2000 ZEARING AVE NW ALBUQUERQUE NM 87104 ANNE HAINES PRES/CEO(THRU 7/25)/SR. BOARD ADVISOR 40.00 X X 283076 0 23942 ALICE RODRIGUEZ BOARD CHAIR 2.00 X X 0 0 0 IRV ASHFORD JR SECRETARY 2.00 X X 0 0 0 VIRGINIA BAYLESS TREASURER 2.00 X X 0 0 0 ANTHONY SHARETT IMMMEDIATE PAST CHAIR 2.00 X X 0 0 0 BETTY ARKELL DIRECTOR 2.00 X 0 0 0 JERRIE MERRITT DIRECTOR 2.00 X 0 0 0 JAN SINGELMANN DIRECTOR 2.00 X 0 0 0 MANNY ALVAREZ DIRECTOR 2.00 X 0 0 0 JONATHAN MORALES DIRECTOR 2.00 X 0 0 0 SUZETTE M LONGFELLOW CHIEF FINANCIAL OFFICER 40.00 X 258723 0 27310 MARGARET SMITH CHIEF CREDIT OFFICER 40.00 X 206342 0 14850 AMBER MARIE KANI CHIEF ENAGEMENT OFFICER 40.00 X 199167 0 18577 MARISA BARRERA ACTING CHIEF EXECUTIVE OFFICER 40.00 X 243538 0 7503 ANALISA SMITH SR. DIRECTOR OF FINANCE 40.00 X 162992 0 10117 DARCIE DEFOE DIRECTOR OF MARKETING 40.00 X 160329 0 14110 NATALIE DEGROOT ACCOUNTING MANAGER 40.00 X 104445 0 15854 JERRY JACOB DIRECTOR OF TECHNOLOGY 40.00 X 121791 0 17739 JAQUELYN FAUSTIN LOAN OPERATIONS MANAGER 40.00 X 102146 0 3365 1842549 0 153367 10 0 1 0 IT SOLUTIONS CONSULTING 851 ST MICHAELS DR SANTA FE NM 87505 IT CONSULTATIONS 143177 1 249942 2240797 9902 2490739 LOAN INTEREST AND FEES 522200 4643668 4643668 SECURED DEBT 522200 329572 329572 SBA PPP LENDING FEES 522200 24964 24964 4998204 1166942 1166942 177841 162825 15016 15016 15016 MANAGEMENT FEES 900099 142217 142217 PARTNERSHIP INCOME 900099 155 155 142372 8813273 5140576 0 1181958 1630576 1116668 213120 300788 2206192 1967023 206665 32504 37769 36056 1713 109908 98357 10731 820 242712 196031 26329 20352 108792 81185 21889 5718 69651 51976 14014 3661 11995 11995 429260 320328 86369 22563 66052 53385 12667 123263 71212 45121 6930 334147 276584 27638 29925 121593 98140 15188 8265 34691 24376 1603 8712 15038 12880 990 1168 1401451 1401451 81052 65266 10282 5504 52256 42205 5669 4382 LOAN LOSS PROVISION 1231069 1231069 LOAN SERVICING EXPENSE 168302 168302 8475769 7312494 699316 463959 X 60835 48168 0 12667 30814914 29897724 57258 2288392 1068187 1119009 570339 326903 33574600 29581054 213801 194851 3895975 1973023 2000104 1922952 775419 875991 7000 7000 122582 156540 69204204 66370416 3200083 2794049 3498796 3838851 37493583 34110693 44192462 40743593 X 19717274 20281700 5294468 5345123 25011742 25626823 69204204 66370416 X 337504 69563 208014 X X 0 1 X 1 0 X 7512573 7822206 5286403 5043051 2490739 28154972 7512573 7822206 5286403 5043051 2490739 28154972 9504361 18650611 45423 41890 248227 1034544 1166942 2537026 30691998 56284056 0.60770 0.56980 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2201671 303445 303445 2201671 2201671 314585 314585 2201671 2201671 351504 351504 2201671 2201671 -157834 -157834 2201671 2201671 224558 224558 2201671 0.00000 1.00000 0.00000 0 0 451072 451072 2381788 1364138 1017650 1063115 608885 454230 1922952 X 8739924 69563 11455 81018 8658906 11995 142372 154367 8813273 8124529 11455 11455 8113074 11995 350700 362695 8475769 PART V, LINE 4: THE ENDOWMENT FUNDS HAVE TWO USES. FIRST THE LOAN PORTFOLIO WITH A BALANCE OF $1,495,493, IS AVAILABLE IF NEEDED TO BE USED TO LEND TO DREAMSPRING'S CLIENTS, ANY CHARGE-OFF AMOUNTS ARE REIMBURSED BY OPERATING FUNDS. AS OF 12/31/25 IT WAS ALL LENT TO CLIENTS. SECOND, IS A TRADITIONAL ENDOWMENT WITH A BALANCE OF $706,178 THAT HAS BEEN INVESTED IN MARKETABLE SECURITIES. INCOME GENERATED BY EITHER USE IS AVAILABLE FOR OPERATIONS. PART X, LINE 2: DREAMSPRING HAS ADOPTED THE PROVISION OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES. THERE WERE NO UNCERTAIN TAX POSITIONS TAKEN BY DREAMSPRING OR ANY OF THE LIMITED LIABILITY COMPANIES FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024. DREAMSPRING'S POLICY IS TO CLASSIFY INCOME TAX PENALTIES AND INTEREST, WHEN APPLICABLE, ACCORDING TO THEIR NATURAL CLASSIFICATION. PART XI, LINE 4B - OTHER ADJUSTMENTS: PARTNERSHIP INCOME - DREAMSPRING 2007A LLC 20. PARTNERSHIP INCOME - DREAMSPRING 2011C LLC 20. PARTNERSHIP INCOME - DREAMSPRING 2013D LLC 20. PARTNERSHIP INCOME - DREAMSPRING 2014E LLC 20. PARTNERSHIP INCOME - DREAMSPRING 2017G LLC 45. PARTNERSHIP INCOME - DREAMSPRING 2024H LLC 30. MANAGEMENT FEE 142,217. PART XII, LINE 4B - OTHER ADJUSTMENTS: INTEREST EXPENSE 350,700. SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 10 PROGRAM SERVICES SOFTWARE DEVELOPMENT FOR LENDING SYSTEM 367608 0 10 0 0 0 10 367608 0 367608 0 0 0 0 0 0 X X X X X 0 0 0 0 0 0 0 0 0 ANNE HAINES PRES/CEO(THRU 7/25)/SR. BOARD ADVISO 283076 0 0 0 0 0 8492 0 15450 0 307018 0 0 0 SUZETTE M LONGFELLOW CHIEF FINANCIAL OFFICER 222515 0 36208 0 0 0 7762 0 19548 0 286033 0 0 0 MARISA BARRERA ACTING CHIEF EXECUTIVE OFFICER 213647 0 29891 0 0 0 7306 0 197 0 251041 0 0 0 MARGARET SMITH CHIEF CREDIT OFFICER 178584 0 27758 0 0 0 6190 0 8660 0 221192 0 0 0 AMBER MARIE KANI CHIEF ENAGEMENT OFFICER 172285 0 26882 0 0 0 5975 0 12602 0 217744 0 0 0 DARCIE DEFOE DIRECTOR OF MARKETING 138919 0 21410 0 0 0 4315 0 9795 0 174439 0 0 0 ANALISA SMITH SR. DIRECTOR OF FINANCE 140659 0 22333 0 0 0 4890 0 5227 0 173109 0 0 0 PART I, LINE 3 THE CEO'S COMPENSATION IS APPROVED BY THE BOARD ANNUALLY. FORM 990,PART I,LINE 1,DESCRIPTION OF ORGANIZATION'S SUBSTANTIAL ACTIVITIES DREAMSPRING IS A NONPROFIT COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) AND U.S. SMALL BUSINESS ADMINISTRATION (SBA) LENDER DEDICATED TO EXPANDING ECONOMIC OPPORTUNITY BY INCREASING ACCESS TO AFFORDABLE CAPITAL, FINANCIAL EDUCATION, AND BUSINESS SUPPORT FOR ENTREPRENEURS WHO HAVE HISTORICALLY BEEN EXCLUDED FROM TRADITIONAL FINANCING. DREAMSPRING PROVIDES RAPID ACCESS TO RESPONSIBLE SMALL BUSINESS CAPITAL ALONGSIDE CUSTOMIZED, WRAPAROUND TECHNICAL ASSISTANCE THAT HELPS ENTREPRENEURS START, SUSTAIN, AND GROW THEIR BUSINESSES. SERVING ENTREPRENEURS ACROSS 27 STATES, DREAMSPRING FOCUSES ON UNDERCAPITALIZED COMMUNITIES, INCLUDING LOW- AND MODERATE-INCOME INDIVIDUALS, RURAL COMMUNITIES, STARTUPS, VETERANS, PEOPLE WITH DISABILITIES, AND OTHER SMALL BUSINESS OWNERS FACING BARRIERS TO AFFORDABLE CREDIT. THROUGH FLEXIBLE LENDING PRODUCTS, MULTILINGUAL BUSINESS EDUCATION, ONE-ON-ONE COACHING, AND STRATEGIC PARTNERSHIPS WITH FINANCIAL INSTITUTIONS, CORPORATIONS, AND COMMUNITY ORGANIZATIONS, DREAMSPRING EQUIPS ENTREPRENEURS WITH THE CAPITAL AND KNOWLEDGE NEEDED TO BUILD THRIVING BUSINESSES, CREATE QUALITY JOBS, STRENGTHEN LOCAL ECONOMIES, AND GENERATE LASTING WEALTH IN THEIR COMMUNITIES. FORM 990, PART III, 4A, STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS DREAMSPRING PROVIDES ENTREPRENEURS WITH THE CAPITAL, EDUCATION, AND TECHNICAL ASSISTANCE THEY NEED TO START, OPERATE, AND GROW SUCCESSFUL SMALL BUSINESSES. AS A NONPROFIT COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI), DREAMSPRING EXPANDS ACCESS TO AFFORDABLE BUSINESS CREDIT WHILE DELIVERING COMPREHENSIVE WRAPAROUND SUPPORT THROUGH DIGITAL AND IN-PERSON BUSINESS EDUCATION, TECHNICAL ASSISTANCE, MULTILINGUAL RESOURCES, AND CONNECTIONS TO COMMUNITY PARTNERS. EDUCATIONAL PROGRAMMING COVERS TOPICS SUCH AS BUSINESS PLANNING, FINANCIAL MANAGEMENT, MARKETING, CREDIT BUILDING, REGULATORY COMPLIANCE, AND THE EFFECTIVE USE OF TECHNOLOGY AND ARTIFICIAL INTELLIGENCE TO STRENGTHEN BUSINESS OPERATIONS. IN 2025, DREAMSPRING SERVED MORE THAN 19,000 ENTREPRENEURS THROUGH ITS EDUCATIONAL RESOURCES, TRAINING, AND TECHNICAL ASSISTANCE. THE ORGANIZATION ALSO HAD AN ACTIVE PORTFOLIO OF 1,954 BUSINESSES, MADE 262 SMALL BUSINESS LOANS TOTALING $8.14 MILLION, HELPING CREATE OR SUSTAIN 248 JOBS. BY COMBINING RESPONSIBLE LENDING WITH CUSTOMIZED BUSINESS SUPPORT, DREAMSPRING EQUIPS ENTREPRENEURS IN UNDERSERVED COMMUNITIES WITH THE TOOLS NEEDED TO BUILD RESILIENT BUSINESSES, CREATE EMPLOYMENT OPPORTUNITIES, AND CONTRIBUTE TO LONG-TERM ECONOMIC PROSPERITY. THE VARIATION IN LENDING ACTIVITY REFLECTS DREAMSPRING'S STRATEGIC INVESTMENT IN STRENGTHENING THE SMALL BUSINESS PIPELINE AND EXPANDING LONG-TERM COMMUNITY IMPACT. DURING THE YEAR, THE ORGANIZATION SIGNIFICANTLY EXPANDED ITS EDUCATIONAL PROGRAMMING AND TECHNICAL ASSISTANCE TO SERVE ENTREPRENEURS ACROSS ITS 27-STATE FOOTPRINT, RECOGNIZING THAT MANY ASPIRING BUSINESS OWNERS REQUIRE PRE-LOAN SUPPORT, FINANCIAL EDUCATION, AND CREDIT READINESS ASSISTANCE BEFORE BECOMING ELIGIBLE FOR FINANCING. BY HELPING ENTREPRENEURS BUILD STRONGER BUSINESSES PRIOR TO BORROWING, DREAMSPRING IS IMPROVING BORROWER READINESS AND POSITIONING MORE BUSINESSES FOR SUSTAINABLE LONG-TERM SUCCESS. ADDITIONALLY, DREAMSPRING IMPLEMENTED A REGIONALIZED, PLACE-BASED SERVICE MODEL THAT DEEPENS ENGAGEMENT IN PRIORITY MARKETS THROUGH STRONGER LOCAL PARTNERSHIPS, TARGETED OUTREACH, AND MARKET-SPECIFIC STRATEGIES DESIGNED TO INCREASE BUSINESS FORMATION, ACCESS TO CAPITAL, AND JOB CREATION OVER TIME. THESE INVESTMENTS STRENGTHEN THE ORGANIZATION'S ABILITY TO DELIVER LASTING ECONOMIC IMPACT WHILE BUILDING A HEALTHIER PIPELINE OF FUTURE BORROWERS. FORM 990, PART VI, SECTION B, LINE 11B DRAFT OF 990 REVIEWED BY FINANCE COMMITTEE, AND ONCE APPROVED A COPY IS FURNISHED TO THE FULL BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C AN ANNUAL SIGN OFF IS REQUIRED OF ALL BOARD MEMBERS AND STAFF. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS FOR TOP OFFICIAL: INDEPENDENT COMPENSATION STUDY IS PERFORMED PERIODICALLY. EXECUTIVE COMMITTEE WRITTEN REVIEW. COMPENSATION PROCESS FOR OFFICERS: INDEPENDENT COMPENSATION STUDY IS PERFORMED PERIODICALLY. CEO REVIEWS PAY. BOARD APPROVES BUDGET. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2025. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON OUR WEBSITE OR UPON REQUEST. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: GAIN ON LLC ACTIVITY 208,014. FORM 990, PART XII, LINE 2C: THE FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR. DREAMSPRING 2007A LLC 2000 ZEARING AVE NW ALBUQUERQUE NM 87104 260693551 CAPITAL NM RELATED 51 1060 0 1 0.00080 DREAMSPRING 2011B LLC 2000 ZEARING AVE NW ALBUQUERQUE NM 87104 454150283 CAPITAL NM RELATED 29 1001 0 1 0.00040 DREAMSPRING 2011C LLC 2000 ZEARING AVE NW ALBUQUERQUE NM 87104 454151679 CAPITAL NM RELATED 29 1020 0 1 0.00040 DREAMSPRING 2013D LLC 2000 ZEARING AVE NW ALBUQUERQUE NM 87104 463546408 CAPITAL NM RELATED 27 1020 0 1 0.00030 DREAMSPRING 2014E LLC 2000 ZEARING AVE NW ALBUQUERQUE NM 87104 465445079 CAPITAL NM RELATED 44 1020 0 1 0.00040 DREAMSPRING 2017G LLC 2000 ZEARING AVE NW ALBUQUERQUE NM 87104 822452152 CAPITAL NM RELATED 48 1060 0 1 0.00090 DREAMSPRING 2024H LLC 2000 ZEARING AVE NW ALBUQUERQUE NM 87104 332308758 CAPITAL NM RELATED 45 1032 0 1 0.00090 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 1 0