Civic Intelligence

Achievable Dream Endowment Inc.

990 • Fiscal year 2021 • EIN 26-1392573

Jul 01, 2020 to Jun 30, 2021 • Filed on May 13, 2022

Organization Profilewww.achievabledream.org
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

19th percentile

0.02x

Higher debt load relative to assets than 19% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

44th percentile

0.21x

Higher debt load relative to revenue than 44% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Net Margin

95th percentile

78%

Higher net margin than 95% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

9th percentile

$0

Higher top officer pay than 9% of similar nonprofits.

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

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Asset Growth

84th percentile

31%

Faster asset growth than 84% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

94th percentile

195%

Faster revenue growth than 94% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets19th percentile

Assets

Up

$31,216,021

Up $7,334,441 (+31%) from 2020

Net Assets

Up

$30,481,007

Up $7,423,234 (+32%) from 2020

Liabilities

Down

$735,014

Down $88,793 (-11%) from 2020

Revenue And Expenses
Liabilities / Revenue44th percentileNet Margin95th percentile

Revenue

Up

$3,421,150

Up $2,263,004 (+195%) from 2020

Expenses

Up

$757,197

Up $90,305 (+14%) from 2020

Net Income

Up

$2,663,953

Up $2,172,699 (+442%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth84th percentile

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

2021

Assets$31,216,021
Liabilities$735,014
Net Assets$30,481,007
Open 2021 Filing

Operations Trend

Revenue Growth94th percentile

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

2021

Revenue$3,421,150
Expenses$757,197
Net Income$2,663,953
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 13, 2022
Return Version
2020v4.2
Gross Receipts
$3,421,150
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$21,585,517$28,753,224▲ $7,167,707
Savings and Temporary Cash Investments$1,894,101$1,862,993▼ $31,108
Pledges and Grants Receivable$372,654$424,842▲ $52,188
Investments Other Securities$29,308$24,962▼ $4,346
Total Assets$23,881,580$31,216,021▲ $7,334,441
Other Assets Total$0$150,000▲ $150,000
Liabilities
Other Liabilities$819,807$729,014▼ $90,793
Accounts Payable and Accrued Expenses$4,000$6,000▲ $2,000
Total Liabilities$823,807$735,014▼ $88,793
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$17,874,954$23,660,551▲ $5,785,597
Net Assets With Donor Restrictions$5,182,819$6,820,456▲ $1,637,637
Total Net Assets Fund Balance$23,057,773$30,481,007▲ $7,423,234
Total Liabilities and Net Assets / Fund Balance$23,881,580$31,216,021▲ $7,334,441

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$21,585,518$1,176,764▲ $6,082,083-$28,753,225
2019$21,556,748-▲ $595,563-$21,585,518
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
Compensation and Service Providers
Top Officer Pay9th percentile

Board Members and Trustees

NameTitle
Tim DykstraChairman
Marvin FriedbergVice Chairman
Anne ConnorDirector
Aubrey L Lane JrDirector
Gordon GentryDirector
Steve RobertsDirector
William ErmatingerDirector
Lee VreelandCEO
Helen MyersExec VP and CFO
ED DavidSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,262,584
Program Service Revenue
$0
Investment Income
$1,157,574
Other Revenue
$992
All Other Contributions
$2,262,584
Change in Net Assets
$2,663,953

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,419,610
Revenue Not Reported on Financial Statements
$1,540
Revenue Not Reported on Form 990
$4,760,821
Other Revenue Adjustments
$1,540
Total Revenue per Audited Statements
$8,180,431
Total Revenue per Form 990
$3,421,150
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$373,793
Salaries, Compensation, and Employee Benefits$221,311
Other Expenses$162,093
Total Fundraising Expense$48,688
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$373,793--$373,793
Other Salaries and Wages$135,000$37,623$48,688$221,311
Fees for Service Investment Mgmnt Fees-$101,024-$101,024
Fees for Services Accounting-$32,726-$32,726
Fees for Services Legal-$15,835-$15,835
Information Technology-$7,500-$7,500
Fees for Services Other-$2,372-$2,372
Insurance-$2,185-$2,185
Office Expenses-$451-$451
Total Functional Expenses$508,793$199,716$48,688$757,197

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$757,197
Total Expenses per Audited Statements$757,197
Total Expenses per Form 990$757,197
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
An Achievable Dream Virginia BeachNewport News, VA501(c)(3)assist with educational programs$170,998
An Achievable Dream IncNewport News, VA501(c)(3)assist with educational programs$124,200
An Achievable Dream Middle and High SchoolNewport News, VA501(c)(3)assist with educational programs$75,595
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.$729,014
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
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
Yes
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
Amanda Rose
Title
VP of Finance & Adminstration/CFO
Phone
7575999472
Signed
2022-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amanda Rose
Formed
2007
Legal Domicile
Va
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Firm
PBMares LLP
Address
701 Town Center Drive Suite 900, Newport News, VA 23606
Preparer
Jennifer N French CPA
Phone
7578731587
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“Change in Discount -1,540.”

Form 990, Part XII, line 2C

“Organization has a committee who assumes responsibility for oversight of the audit and this process has not changed from prior year.”

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, 2021. 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. With few exceptions, the Organization is no longer subject to income tax examinations by federal, state or local tax authorities for years before 2014. 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 4B - Other Adjustments:

“Change in Discount 1,540.”

Raw XML AppendixShowing 400 of 522 raw XML fields

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/MissionDesc0THE 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.
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IRS990/OtherRevenueMiscGrp/Desc0Income from HGI US Property
IRS990/OtherRevenueMiscGrp/Desc1Miscellaneous Income from US Trea
IRS990/OtherRevenueMiscGrp/ExclusionAmt0415
IRS990/OtherRevenueMiscGrp/ExclusionAmt17
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0985
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt17
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt0570
IRS990/OtherRevenueTotalAmt0992
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt048688
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt037623
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0135000
IRS990/OtherSalariesAndWagesGrp/TotalAmt0221311
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0372654
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0424842
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Amanda Rose
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0695265
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0506617
IRS990/PYInvestmentIncomeAmt0436061
IRS990/PYOtherExpensesAmt0105912
IRS990/PYOtherRevenueAmt026820
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0491254
IRS990/PYSalariesCompEmpBnftPaidAmt054363
IRS990/PYTotalExpensesAmt0666892
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01158146
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt02663953
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01894101
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01862993
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02262584
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0695265
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0838138
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0340902
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01217657
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05354546
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0592452
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0503224
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0603079
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0471542
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0494611
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02664908
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0992
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt026820
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt012213
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt016094
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt056283
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0112402
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.43440
IRS990ScheduleA/PublicSupportPY170Pct00.40160
IRS990ScheduleA/PublicSupportTotal170Amt03535364
IRS990ScheduleA/SubstantialContributorsTotAmt01819182
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02262584
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0695265
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0838138
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0340902
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01217657
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05354546
IRS990ScheduleA/TotalSupportAmt08137564
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt06682
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt0-974
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt05708
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/BoardDesignatedBalanceEOYPct00.81000
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt091140
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt021585518
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt01176764
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt028753225
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt06082083
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt066793
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt021556748
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt021585518
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0500000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0595563
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt065498
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt020498482
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt021556748
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01123764
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt063643
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt018847679
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0300000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt020498482
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01414446
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt056514
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt016896263
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt018847679
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02007930
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0757197
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt04760821
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0729014
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due (to) from AAD Inc.
IRS990ScheduleD/OtherRevenuesNotIncludedAmt01540
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.08000
IRS990ScheduleD/RevenueNotReportedAmt04760821
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01540
IRS990ScheduleD/RevenueSubtotalAmt03419610
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, 2021. 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. With few exceptions, the Organization is no longer subject to income tax examinations by federal, state or local tax authorities for years before 2014. 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 1,540.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.11000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0757197
IRS990ScheduleD/TotalLiabilityAmt0729014
IRS990ScheduleD/TotalRevenuePerForm990Amt03421150
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08180431
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0757197
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt075595
IRS990ScheduleI/RecipientTable/CashGrantAmt1170998
IRS990ScheduleI/RecipientTable/CashGrantAmt2124200
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(c)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0assist with educational programs
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1assist with educational programs
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2assist with educational programs
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/RecipientEIN0541621844
IRS990ScheduleI/RecipientTable/RecipientEIN1463211492
IRS990ScheduleI/RecipientTable/RecipientEIN2541621932
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/CityNm0Newport News
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Newport News
IRS990ScheduleI/RecipientTable/USAddress/CityNm2Newport News
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2VA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd023601
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd123601
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd223601
IRS990ScheduleI/Total501c3OrgCnt03
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The board reviews Form 990 before is filed with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Change in Discount -1,540.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Organization has a committee who assumes responsibility for oversight of the audit and this process has not changed from prior year.
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.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part XI, line 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part XII, line 2c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part V, Q 7g and 7h
IRS990ScheduleR/AssetExchangeInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$31,216,021
Liabilities
$735,014
Net assets
$30,481,007
Revenue
$3,421,150
Expenses
$757,197
Net income
$2,663,953
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
2021Detailed filing. Detailed filing data is available for this year.$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
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$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