PLATINUM2024

Dream Rite

Together, We Make Dreams Happen!

Bowie, MD   |  www.dreamrite.org

Mission

Dream Rite is a nonprofit charitable organization with a core focus on education. With a vision to give hope to the future of young people in Africa, our mission centers on three keywords - educate, engage, and empower. These keywords are integral to our nonprofit activities, which provide young people with educational programs, scholarships, and economic opportunities. We are a trusted platform for helping young people in Africa to secure their futures through education and economic empowerment. Since 2015, Dream Rite has provided educational support to thousands of young people in Africa. Visit our website to learn more.

Ruling year info

2016

Executive Director

Olu Efunwoye

Main address

15408 Neman Drive

Bowie, MD 20716 USA

Show more contact info

EIN

81-1120635

NTEE code info

Scholarships, Student Financial Aid, Awards (B82)

Fund Raising and/or Fund Distribution (B12)

Youth Development Programs (O50)

IRS filing requirement

This organization is required to file an IRS Form 990-N.

Communication

Blog

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

Our Dreamers College Fund scholarship program aims to provide qualified college-bound students with access to funding for their college education in Africa. These scholarship awardees are enrolled in our MentorMe program, designed to provide professional and academic support throughout their college education.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Dreamers College Fund

This scholarship program aims to give college funding opportunities to college-bound students who demonstrate astute academic prowess and financial need. Often, students from financially challenged families with records of high academic performance are saddled with the burden of paying for their higher education.

These students sometimes face difficult choices of dropping out of school or abandoning their educational dreams. They are potential future innovators, business leaders, and world-changers who are reaching out with an outcry for help.

This program aims to salvage such a future leader from giving up on their dream of a better future. Students with high academic potential should never have to give up on pursuing their educational dream for lack of funding. Hence, this program provides successful applicants with funding for their 4-year college education.

Population(s) Served
Young adults
Adolescents
Low-income people
At-risk youth
Students

Through the MentorMe program, Dream Rite creates a people-centric culture that builds meaningful relationships with young people to support their life journey. Young people have loads of questions as they seek to understand their world as it unfolds. They seek an opportunity to refine their crucible of ideas and thoughts into meaningful propositions of value in their environment.

The MentorMe program is a mentoring platform that creates a pair relationship that allows young people to tap into the wealth of knowledge and experience of professionals. The program is an opportunity for a relationship of value between young people navigating uncharted paths and professionals working in their desired career paths.

Mentors in this program possess good academic track records, desirable professional characteristics, and a sense of self-discipline. They are passionate about passing on life-long skills to help younger people reach their goals and gain meaningful experience.

Population(s) Served
Young adults
Adolescents
At-risk youth
Young adults
Adolescents
At-risk youth

Where we work

Affiliations & memberships

2023 Winner Non-Profit Organization Awards by Acquisition International 2023

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Total dollar amount of scholarship awarded

This metric is no longer tracked.
Totals By Year
Related Program

Dreamers College Fund

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

USD conversion to NGN continue to fluctuate. Scholarship awards are denoted in NGN to the recipients. The figure shown uses avg rate for that year. https://www.cbn.gov.ng/rates/ExchRateByCurrency.asp

Number of students who receive scholarship funds and/or tuition assistance

This metric is no longer tracked.
Totals By Year
Population(s) Served

People of African descent, Low-income people, Students, Young adults, Adolescents

Related Program

Dreamers College Fund

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

Dreamers College Fund scholarship program awards One million NGN to successful applicants for their college education. The rate of USD to NGN fluctuates, hence unable to display a static rate here.

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

Many college students and aspiring college students are seeking opportunities for education amid economic woes and uncertainties facing people in Africa. With minimal economic opportunities for daily living, the tendency is for education to get a remote priority while survival takes utmost priority, sapping every last drop of available resources. The scary consequence of this reality is a bleak and weakened hope for the future among the younger generation.

Our organization aims to provide funding opportunities for talented students with rising hopes for the future. We strive to provide funding and needed professional and career support throughout their college journey, helping them realize their dreams. By so doing, we aim to make our world a better place for all.

Every year, we offer scholarships through our Dreamers College Fund program, which provides college funding for college-bound students in Africa. Currently serving the students in Nigeria, the aim is to extend the opportunities to other African countries in the not-too-distant future.

In 2021, at the maiden edition of the Dreamers College Fund scholarship program, we offer the scholarship to three students. In 2022, we extended it to eight students; in 2023, we extended it to fourteen students. We aim to continue to scale this scholarship funding to deserving African students.

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We shared information about our current feedback practices.
  • How is your organization using feedback from the people you serve?

    To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals

  • Which of the following feedback practices does your organization routinely carry out?

    We collect feedback from the people we serve at least annually, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We act on the feedback we receive

  • What challenges does the organization face when collecting feedback?

    It is difficult to get the people we serve to respond to requests for feedback, We don’t have the right technology to collect and aggregate feedback efficiently, It is difficult to find the ongoing funding to support feedback collection

Financials

Dream Rite
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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lock

Connect with nonprofit leaders

Subscribe

Build relationships with key people who manage and lead nonprofit organizations with GuideStar Pro. Try a low commitment monthly plan today.

  • Analyze a variety of pre-calculated financial metrics
  • Access beautifully interactive analysis and comparison tools
  • Compare nonprofit financials to similar organizations

Want to see how you can enhance your nonprofit research and unlock more insights? Learn More about GuideStar Pro.

Dream Rite

Board of directors
as of 08/24/2024
SOURCE: Self-reported by organization
Board chair

Babatunde Ijiyemi

Babatunde Ijiyemi

Director of Advancement, Bowie State University, Maryland, United States

Olu Efunwoye

Principal Consultant, Morites Tech Solutions, Maryland, United States

Olabisi Adekola

CFO, African Alliance Insurance Plc, Lagos, Nigeria

Timothy Adereti

Adereti Adegbite & Co

Oluwatosin Akinyinka

Adeola Efunwoye

Senior Consultant, NXT Solutions, Maryland, United States

Philip Okunaiya

Manager, RBC Capital Markets, Nova Scotia, Canada

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Not applicable
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Organizational demographics

SOURCE: Self-reported; last updated 4/18/2023

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
Black/African American
Gender identity
Male, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

Disability

We do not display disability information for organizations with fewer than 15 staff.

Equity strategies

Last updated: 08/24/2024

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Data
  • We review compensation data across the organization (and by staff levels) to identify disparities by race.
  • We ask team members to identify racial disparities in their programs and / or portfolios.
  • We analyze disaggregated data and root causes of race disparities that impact the organization's programs, portfolios, and the populations served.
  • We disaggregate data to adjust programming goals to keep pace with changing needs of the communities we support.
  • We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
  • We disaggregate data by demographics, including race, in every policy and program measured.
  • We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.
Policies and processes
  • We use a vetting process to identify vendors and partners that share our commitment to race equity.
  • We have a promotion process that anticipates and mitigates implicit and explicit biases about people of color serving in leadership positions.
  • We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
  • We have community representation at the board level, either on the board itself or through a community advisory board.
  • We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
  • We measure and then disaggregate job satisfaction and retention data by race, function, level, and/or team.
  • We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.