Civic Intelligence

Achievable Dream Endowment Inc.

990 • Fiscal year 2019 • EIN 26-1392573

Jul 01, 2018 to Jun 30, 2019 • Filed on Jul 15, 2020

10858 Warwick Blvd No ANewport News, VA 23601

(757) 599-9472

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

29th percentile

0.05x

Higher debt load relative to assets than 29% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

77th percentile

0.84x

Higher debt load relative to revenue than 77% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

77th percentile

17%

Higher net margin than 77% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

13th percentile

$0

Higher top officer pay than 13% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

54th percentile

4.8%

Faster asset growth than 54% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

89th percentile

47%

Faster revenue growth than 89% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Assets

Up

$23,676,934

Up $1,077,417 (+4.8%) from 2018

Net Assets

Up

$22,398,892

Up $673,819 (+3.1%) from 2018

Liabilities

Up

$1,278,042

Up $403,598 (+46%) from 2018

Revenue

Up

$1,521,179

Up $482,884 (+47%) from 2018

Expenses

Up

$1,261,477

Up $497,801 (+65%) from 2018

Net Income

Down

$259,702

Down $14,917 (-5.4%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2010: $11,799,172Liabilities 2010: $1,142Net Assets 2010: $11,798,0302010Assets 2011: $14,724,656Liabilities 2011: $500,000Net Assets 2011: $14,224,6562011Assets 2012: $15,476,229Liabilities 2012: $825,000Net Assets 2012: $14,651,2292012Assets 2013: $16,443,910Liabilities 2013: $550,000Net Assets 2013: $15,893,9102013Assets 2014: $18,079,827Liabilities 2014: $440,000Net Assets 2014: $17,639,8272014Assets 2015: $19,635,946Liabilities 2015: $440,207Net Assets 2015: $19,195,7392015Assets 2016: $19,751,347Liabilities 2016: $439,463Net Assets 2016: $19,311,8842016Assets 2017: $22,355,339Liabilities 2017: $492,222Net Assets 2017: $21,863,1172017Assets 2018: $22,599,517Liabilities 2018: $874,444Net Assets 2018: $21,725,0732018Assets 2019: $23,676,934Liabilities 2019: $1,278,042Net Assets 2019: $22,398,8922019Assets 2020: $23,881,580Liabilities 2020: $823,807Net Assets 2020: $23,057,7732020Assets 2021: $31,216,021Liabilities 2021: $735,014Net Assets 2021: $30,481,0072021Assets 2022: $27,316,592Liabilities 2022: $1,223,263Net Assets 2022: $26,093,3292022Assets 2023: $29,008,049Liabilities 2023: $879,017Net Assets 2023: $28,129,0322023Assets 2024: $31,099,588Liabilities 2024: $1,418,216Net Assets 2024: $29,681,3722024

Highlighted filing

2019

Assets$23,676,934
Liabilities$1,278,042
Net Assets$22,398,892

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0M-$4.0MExpenses 2010: $66,8202010Expenses 2011: $39,8922011Expenses 2012: $40,7992012Expenses 2013: $362,4402013Revenue 2014: $557,954Expenses 2014: $344,721Net Income 2014: $213,2332014Revenue 2015: $2,787,140Expenses 2015: $742,435Net Income 2015: $2,044,7052015Revenue 2016: $1,030,580Expenses 2016: $373,684Net Income 2016: $656,8962016Revenue 2017: $3,688,728Expenses 2017: $766,823Net Income 2017: $2,921,9052017Revenue 2018: $1,038,295Expenses 2018: $763,676Net Income 2018: $274,6192018Revenue 2019: $1,521,179Expenses 2019: $1,261,477Net Income 2019: $259,7022019Revenue 2020: $1,158,146Expenses 2020: $666,892Net Income 2020: $491,2542020Revenue 2021: $3,421,150Expenses 2021: $757,197Net Income 2021: $2,663,9532021Revenue 2022: $2,743,275Expenses 2022: $1,761,860Net Income 2022: $981,4152022Revenue 2023: -$155,104Expenses 2023: $1,929,891Net Income 2023: -$2,084,9952023Revenue 2024: $1,187,241Expenses 2024: $2,388,311Net Income 2024: -$1,201,0702024

Highlighted filing

2019

Revenue$1,521,179
Expenses$1,261,477
Net Income$259,702
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 15, 2020
Return Version
2018v3.2
Gross Receipts
$3,218,710
Mission and Program Overview

Mission

The primary exempt function of the organization is to invest funds for the primary benefit of "achievable dream entities". The achievable dream entities consist of several exempt corporations related by common management.

The primary exempt function of the organization is to invest funds for the primary benefit of "Achievable Dream Entities." The Achievable Dream entities consist of several exempt corporations related by common management.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$20,364,963$21,342,992▲ $978,029
Savings and Temporary Cash Investments$1,653,002$1,935,041▲ $282,039
Pledges and Grants Receivable$362,602$363,077▲ $475
Other Notes and Loans Receivable, Net$183,409$20,000▼ $163,409
Investments Other Securities$35,541$15,824▼ $19,717
Total Assets$22,599,517$23,676,934▲ $1,077,417
Liabilities
Other Liabilities$874,444$1,278,042▲ $403,598
Total Liabilities$874,444$1,278,042▲ $403,598
Net Assets / Fund Balance
Unrestricted Net Assets$17,040,072$17,730,645▲ $690,573
Temporarily Rstr Net Assets$3,623,868$3,607,114▼ $16,754
Permanently Rstr Net Assets$1,061,133$1,061,133→ $0
Total Net Assets Fund Balance$21,725,073$22,398,892▲ $673,819
Total Liabilities and Net Assets / Fund Balance$22,599,517$23,676,934▲ $1,077,417

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$20,498,482-▲ $1,123,764-$21,556,748
2017$18,847,679$300,000▲ $1,414,446-$20,498,482
2016$16,896,263-▲ $2,007,930-$18,847,679
2015$16,869,197-▲ $71,158-$16,896,263
2014$17,075,438$25,000▲ $63,293$124,793$16,869,197
Compensation and Service Providers

Board Members and Trustees

NameTitle
Tim DykstraChairman
Marvin FriedbergVice Chairman
Anne ConnorDirector
C Larry PopeDirector
Gordon Gentrydirector
William ErmatingerDirector
Lee VreelandCEO
Helen MyersCFO
ED DavidSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$838,138
Program Service Revenue
$0
Investment Income
$670,828
Other Revenue
$12,213
All Other Contributions
$838,138
Change in Net Assets
$259,702

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,521,179
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$414,173
Total Revenue per Audited Statements
$1,935,352
Total Revenue per Form 990
$1,521,179
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,126,520
Other Expenses$113,738
Salaries, Compensation, and Employee Benefits$21,219
Total Fundraising Expense$7,070
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,126,520--$1,126,520
Fees for Service Investment Mgmnt Fees-$63,809-$63,809
Fees for Services Accounting-$30,000-$30,000
Other Salaries and Wages$7,078$7,071$7,070$21,219
Fees for Services Legal-$11,214-$11,214
Other Expenses-$4,671-$4,671
Insurance-$2,185-$2,185
Fees for Services Other-$1,549-$1,549
Office Expenses$310--$310
Total Functional Expenses$1,133,908$120,499$7,070$1,261,477

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,261,533
Expenses per Audited Statements$1,261,477
Total Expenses per Form 990$1,261,477
Expenses Not Reported on Form 990$56
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
An Achievable Dream Virginia Beachnewport news, VA501(c)(3)assist with educational programs$481,437
An Achievable Dream Incnewport News, VA501(c)(3)Assist With Educational Programs$255,000
College and Career MHSNewport News, VA501(c)(3)Assist with college scholarships$200,000
An Achievable Dream Middle and High SchoolNewport News, VA501(c)(3)assist with educational programs$190,083
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due (to) from AAD Inc.$724,042
Due To SAME$429,000
Due to MHS$125,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

The board reviews Form 990 before is filed with the IRS.

Form 990, Part VI, Section C, line 19

Available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Achievable Dream Endowment Inc
EIN
26-1392573
Phone
7575999472
Address
10858 Warwick Blvd No A, Newport News, VA 23601

Signing Officer

Name
Helen Myers
Title
CFO
Phone
7575999472
Signed
2020-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Helen Myers
Formed
2007
Legal Domicile
Va
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Pbmares Llp
Address
701 TOWN CENTER DRIVE SUITE 900, NEWPORT NEWS, VA 23606
Preparer
Jennifer N French
Phone
7578731587
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 3A

The organization has unrelated business income from a passthrough investment of $214, which is less than the 990-T filing threshold. However, the 990-T is being filed.

Form 990, Part XI, line 9:

Change in Discount -10,397. Uncollectible pledges -56.

Form 990, Part V, Q 7G and 7H

Questions 7g and 7h do not apply to the organization because the organization did not have contributions of qualified intellectual property or contributions of cars, boats, airplanes or other vehicles during the year.

Financial Statement Notes

Part V, Line 4:

Endowment funds will be used to support Achievable Dream Academies.

Part X, Line 2:

The Organization is exempt from federal and state income taxes under Section 501(c)(3) of the Internal Revenue Code. ASC Topic 740, Income Taxes, prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The Organization's management has evaluated the impact of the guidance to its consolidated financial statements. Management is not aware of any material uncertain tax positions, and has not accrued the effect of any uncertain tax provisions as of June 30, 2019 and 2018. The Organization's income tax returns are subject to examination by taxing authorities, generally for a period of three years from the date they were filed. The Organization's policy is to classify income tax related interest and penalties, if any, in other interest expense and penalties expense, respectively.

Part XI, Line 2D - Other Adjustments:

Change in Discount -10,397.

Part XII, Line 2D - Other Adjustments:

Pledges Written Off 56.

Schedule D, Part V

In prior years, the organization only reported one permanently restricted fund when reporting endowments on Schedule D. The organization has general endowments and scholarship endowments and Schedule D reporting has been updated to include all endowments. Reporting for 2015 and prior years have been restated.

Sch D, Part V Endowment Funds

Endowment funds were restated to remove beneficial interest funds not considered assets of the organization of $1,115,624.

Sch D, Part V Endowment Funds

Amounts previously included in Endowment funds were reduced to remove activities that do not meet the definition of Endowment within the scope of FASB ASC 958. Reporting for 2018 and prior years have received similar treatment for comparison purposes. There was no impact to the Statement of Financial Position, Net Assets or the Statement of Activities on any year shown.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OthNotesLoansReceivableNetGrp/EOYAmt020000
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt01061133
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt01061133
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0362602
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0363077
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Helen Myers
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0340902
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0659132
IRS990/PYInvestmentIncomeAmt0681299
IRS990/PYOtherExpensesAmt0104544
IRS990/PYOtherRevenueAmt016094
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0274619
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0763676
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01038295
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0259702
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01653002
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01935041
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0838138
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0340902
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01217657
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0443686
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01426942
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04267325
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0602523
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0471542
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0494611
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0465947
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0642859
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02677482
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt012769
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt016094
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt056283
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt061909
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt03885
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0150940
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.34470
IRS990ScheduleA/PublicSupportPY170Pct00.25260
IRS990ScheduleA/PublicSupportTotal170Amt02445730
IRS990ScheduleA/SubstantialContributorsTotAmt01821595
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0838138
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0340902
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01217657
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0443686
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01426942
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04267325
IRS990ScheduleA/TotalSupportAmt07095747
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.84680
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt065498
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt020498482
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt021556748
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt01123764
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt063643
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt018847679
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0300000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt020498482
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01414446
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt056514
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt016896263
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt018847679
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02007930
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt044092
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt016869197
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt016896263
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt071158
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt019741
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt017075438
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt025000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt016869197
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0150000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt063293
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0124793
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd01
IRS990ScheduleD/ExpensesNotReportedAmt056
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01261477
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0424570
IRS990ScheduleD/OtherExpensesIncludedAmt056
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0724042
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1429000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2125000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due (to) from AAD Inc.
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Due To SAME
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Due to MHS
IRS990ScheduleD/OtherRevenueAmt0-10397
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.04920
IRS990ScheduleD/RevenueNotReportedAmt0414173
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01521179
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Endowment funds will be used to support Achievable Dream Academies.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The Organization is exempt from federal and state income taxes under Section 501(c)(3) of the Internal Revenue Code. ASC Topic 740, Income Taxes, prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The Organization's management has evaluated the impact of the guidance to its consolidated financial statements. Management is not aware of any material uncertain tax positions, and has not accrued the effect of any uncertain tax provisions as of June 30, 2019 and 2018. The Organization's income tax returns are subject to examination by taxing authorities, generally for a period of three years from the date they were filed. The Organization's policy is to classify income tax related interest and penalties, if any, in other interest expense and penalties expense, respectively.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Change in Discount -10,397.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3Pledges Written Off 56.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4In prior years, the organization only reported one permanently restricted fund when reporting endowments on Schedule D. The organization has general endowments and scholarship endowments and Schedule D reporting has been updated to include all endowments. Reporting for 2015 and prior years have been restated.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt5Endowment funds were restated to remove beneficial interest funds not considered assets of the organization of $1,115,624.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt6Amounts previously included in Endowment funds were reduced to remove activities that do not meet the definition of Endowment within the scope of FASB ASC 958. Reporting for 2018 and prior years have received similar treatment for comparison purposes. There was no impact to the Statement of Financial Position, Net Assets or the Statement of Activities on any year shown.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4Schedule D, Part V
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc5Sch D, Part V Endowment Funds
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc6Sch D, Part V Endowment Funds
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.10400
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01261477
IRS990ScheduleD/TotalLiabilityAmt01278042
IRS990ScheduleD/TotalRevenuePerForm990Amt01521179
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01935352
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01261533
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt0190083
IRS990ScheduleI/RecipientTable/CashGrantAmt1481437
IRS990ScheduleI/RecipientTable/CashGrantAmt2255000
IRS990ScheduleI/RecipientTable/CashGrantAmt3200000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501(c)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0assist with educational programs
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1assist with educational programs
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2ASSIST WITH EDUCATIONAL PROGRAMS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3Assist with college scholarships
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0An Achievable Dream Middle and High School
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1An Achievable Dream Virginia Beach
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2AN ACHIEVABLE DREAM INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3College and Career MHS
IRS990ScheduleI/RecipientTable/RecipientEIN0541621844
IRS990ScheduleI/RecipientTable/RecipientEIN1463211492
IRS990ScheduleI/RecipientTable/RecipientEIN2541621932
IRS990ScheduleI/RecipientTable/RecipientEIN3541621844
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt010858 Warwick Blvd Suite A
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt110858 Warwick Blvd Suite A
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt210858 Warwick Blvd Suite A
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt310858 Warwick Blvd Suite A
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Newport News
IRS990ScheduleI/RecipientTable/USAddress/CityNm1newport news
IRS990ScheduleI/RecipientTable/USAddress/CityNm2newport News
IRS990ScheduleI/RecipientTable/USAddress/CityNm3Newport News
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3VA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd023601
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd123601
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd223601
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd323601
IRS990ScheduleI/Total501c3OrgCnt04
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization has unrelated business income from a passthrough investment of $214, which is less than the 990-T filing threshold. However, the 990-T is being filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The board reviews Form 990 before is filed with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Change in Discount -10,397. Uncollectible pledges -56.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Questions 7g and 7h do not apply to the organization because the organization did not have contributions of qualified intellectual property or contributions of cars, boats, airplanes or other vehicles during the year.

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$31.1$1.42$29.7$1.19$2.39$1.20
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$29.0$0.88$28.1$0.16$1.93$2.08
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.3$1.22$26.1$2.74$1.76$0.98
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.2$0.74$30.5$3.42$0.76$2.66
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.9$0.82$23.1$1.16$0.67$0.49
2019Detailed filing. Detailed filing data is available for this year.$23.7$1.28$22.4$1.52$1.26$0.26
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.6$0.87$21.7$1.04$0.76$0.27
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.4$0.49$21.9$3.69$0.77$2.92
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.8$0.44$19.3$1.03$0.37$0.66
2015Detailed filing. Detailed filing data is available for this year.$19.6$0.44$19.2$2.79$0.74$2.04
2014Detailed filing. Detailed filing data is available for this year.$18.1$0.44$17.6$0.56$0.34$0.21
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.4$0.55$15.9$0.36
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.5$0.83$14.7$0.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.7$0.50$14.2$0.04
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.8$0.00$11.8$0.07