Civic Intelligence

Achievable Dream Endowment Inc.

990 • Fiscal year 2023 • EIN 26-1392573

Jul 01, 2022 to Jun 30, 2023 • Filed on May 15, 2024

Organization Profilewww.achievabledream.org
10858 Warwick Blvd 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

20th percentile

0.03x

Higher debt load relative to assets than 20% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2023

Net Margin

100th percentile

1344%

Higher net margin than 100% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

9th percentile

$0

Higher top officer pay than 9% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Asset Growth

49th percentile

6.2%

Faster asset growth than 49% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets20th percentile

Assets

Up

$29,008,049

Up $1,691,457 (+6.2%) from 2022

Net Assets

Up

$28,129,032

Up $2,035,703 (+7.8%) from 2022

Liabilities

Down

$879,017

Down $344,246 (-28%) from 2022

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin100th percentile

Revenue

Down

-$155,104

Down $2,898,379 (-106%) from 2022

Expenses

Up

$1,929,891

Up $168,031 (+9.5%) from 2022

Net Income

Down

-$2,084,995

Down $3,066,410 (-312%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth49th 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

2023

Assets$29,008,049
Liabilities$879,017
Net Assets$28,129,032
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

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

2023

Revenue-$155,104
Expenses$1,929,891
Net Income-$2,084,995
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 15, 2024
Return Version
2022v5.0
Gross Receipts
$2,272,905
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.

Develops sustainable long-term funding to support the social, academic, and moral needs of current and future generations of students with social risk factors, affording emphasis to An Achievable Dream and organizations who serve a similar population.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$24,806,390$26,767,249▲ $1,960,859
Cash and Non-Interest-Bearing Accounts$923,306$1,168,553▲ $245,247
Pledges and Grants Receivable$1,169,314$849,585▼ $319,729
Accounts Receivable$100,000$57,262▼ $42,738
Investments Other Securities$166,161$21,466▼ $144,695
Savings and Temporary Cash Investments$150,138$10,226▼ $139,912
Prepaid Expenses and Deferred Charges$1,283$1,285▲ $2
Total Assets$27,316,592$29,008,049▲ $1,691,457
Other Assets Total$0$132,423▲ $132,423
Liabilities
Escrow Account Liability$595,980$649,776▲ $53,796
Other Liabilities$627,283$229,241▼ $398,042
Total Liabilities$1,223,263$879,017▼ $344,246
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$18,064,521$19,932,177▲ $1,867,656
Net Assets With Donor Restrictions$8,028,808$8,196,855▲ $168,047
Total Net Assets Fund Balance$26,093,329$28,129,032▲ $2,035,703
Total Liabilities and Net Assets / Fund Balance$27,316,592$29,008,049▲ $1,691,457

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$24,354,294$1,950,619▲ $2,295,699-$26,117,473
2021$28,024,210$2,869,731▼ $5,362,181-$24,354,294
2020$21,017,710$1,176,764▲ $5,918,490-$28,024,210
2019$21,000,705-▲ $583,798-$21,017,710
2018$19,969,037-▲ $1,095,477-$21,000,705
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
Amanda RoseCFO
ED DavidSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,607,075
Program Service Revenue
$0
Investment Income
$-1,767,003
Other Revenue
$4,824
All Other Contributions
$1,607,075
Change in Net Assets
$-2,084,995

Audited Revenue Reconciliation

Revenue per Audited Statements
$-155,104
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$4,125,698
Total Revenue per Audited Statements
$3,970,594
Total Revenue per Form 990
$-155,104
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,407,857
Salaries, Compensation, and Employee Benefits$321,615
Other Expenses$200,419
Total Fundraising Expense$54,675
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,407,857--$1,407,857
Other Salaries and Wages$196,185$70,755$54,675$321,615
Fees for Service Investment Mgmnt Fees-$132,516-$132,516
Fees for Services Accounting-$32,210-$32,210
Office Expenses$19,695$252-$19,947
Fees for Services Legal-$7,407-$7,407
Information Technology-$6,050-$6,050
Insurance-$1,788-$1,788
Other Expenses-$501-$501
Total Functional Expenses$1,623,737$251,479$54,675$1,929,891

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,934,891
Expenses per Audited Statements$1,929,891
Total Expenses per Form 990$1,929,891
Expenses Not Reported on Form 990$5,000
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
An Achievable Dream Middle and High School IncNewport News, VA501(c)(3)assist with educational programs$710,000
An Achievable Dream IncNewport News, VA501(c)(3)assist with educational programs$321,016
An Achievable Dream Virginia Beach IncNewport News, VA501(c)(3)assist with educational programs$223,547
An Achievable Dream Certified Academies IncNewport News, VA501(c)(3)assist with educational programs$105,000
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 An Achievable Dream Inc$125,743
Due to An Achievable Dream Middle and High School Inc.$96,033
Due to An Achievable Dream Virginia Beach Inc.$7,465
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 A, Newport News, VA 23601

Signing Officer

Name
Amanda Rose
Title
VP of Finance & Adminstration/CFO
Phone
7575999472
Signed
2024-05-15
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
8

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 62,780. Uncollectible Pledges -5,000.”

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. Financial Accounting Standards Board (FASB) Accounting Standards Codification (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, 2023 and 2022. 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 62,780.”

Part XII, Line 2D - Other Adjustments:

“Uncollected pledge write off 5,000.”

Schedule D, Part V

“In prior years, the organization reported investment account for An Achievable Dream Inc as part of its Endowment account. The investment was removed from Endowment reporting since the amount is not part of Endowment account and prior years were restated.”

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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/OtherRevenueMiscGrp/Desc0Income from HGI US Property
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt04824
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IRS990/OtherRevenueTotalAmt04824
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt070755
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IRS990/OtherSalariesAndWagesGrp/TotalAmt0321615
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0849585
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01283
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01285
IRS990/PrincipalOfficerNm0Amanda Rose
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02794350
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IRS990/PYOtherExpensesAmt0240627
IRS990/PYOtherRevenueAmt017200
IRS990/PYProgramServiceRevenueAmt00
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IRS990/PYTotalExpensesAmt01761860
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02743275
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-2084995
IRS990/RegularMonitoringEnfrcInd00
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IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0150138
IRS990/SavingsAndTempCashInvstGrp/EOYAmt010226
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0758792
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01404426
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02262584
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0695265
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0838138
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05959205
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0661240
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0736438
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0592452
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0503224
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0603079
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt03096433
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt04199
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt017563
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0992
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt026820
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt012213
IRS990ScheduleA/OtherIncome170Grp/TotalAmt061787
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.33110
IRS990ScheduleA/PublicSupportPY170Pct00.35830
IRS990ScheduleA/PublicSupportTotal170Amt03020618
IRS990ScheduleA/SubstantialContributorsTotAmt02938587
IRS990ScheduleA/ThirtyThrPctSuprtTestsPY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0758792
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01404426
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02262584
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0695265
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0838138
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05959205
IRS990ScheduleA/TotalSupportAmt09123161
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt0391
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt0-363
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt06682
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt0-974
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt05736
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/AgentTrusteeEtcInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.68490
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0132516
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt024354294
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt01950619
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt026117473
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt02350623
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt02295699
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0183823
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt028024210
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt02869731
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt024354294
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0993643
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-5362181
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt088754
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt021017710
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt028024210
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt05918490
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt066793
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt021000705
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt021017710
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0500000
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt019969037
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt021000705
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01095477
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd01
IRS990ScheduleD/ExpensesNotReportedAmt05000
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01929891
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt04062918
IRS990ScheduleD/OtherExpensesIncludedAmt05000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07465
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt196033
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2125743
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due to An Achievable Dream Virginia Beach Inc.
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Due to An Achievable Dream Middle and High School Inc.
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Due to An Achievable Dream Inc
IRS990ScheduleD/OtherRevenueAmt062780
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.20480
IRS990ScheduleD/RevenueNotReportedAmt04125698
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0-155104
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. Financial Accounting Standards Board (FASB) Accounting Standards Codification (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, 2023 and 2022. 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 62,780.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3Uncollected pledge write off 5,000.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4In prior years, the organization reported investment account for An Achievable Dream Inc as part of its Endowment account. The investment was removed from Endowment reporting since the amount is not part of Endowment account and prior years were restated.
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/TermEndowmentBalanceEOYPct00.11030
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01929891
IRS990ScheduleD/TotalLiabilityAmt0229241
IRS990ScheduleD/TotalRevenuePerForm990Amt0-155104
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03970594
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01934891
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt0710000
IRS990ScheduleI/RecipientTable/CashGrantAmt1223547
IRS990ScheduleI/RecipientTable/CashGrantAmt2321016
IRS990ScheduleI/RecipientTable/CashGrantAmt3105000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501(c)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt30
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0assist with educational programs
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1assist with educational programs
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2assist with educational programs
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3assist with educational programs
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0An Achievable Dream Middle and High School Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1An Achievable Dream Virginia Beach Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2An Achievable Dream Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3An Achievable Dream Certified Academies Inc
IRS990ScheduleI/RecipientTable/RecipientEIN0541621844

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$29,008,049
Liabilities
$879,017
Net assets
$28,129,032
Revenue
-$155,104
Expenses
$1,929,891
Net income
-$2,084,995
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
2023Detailed filing. Detailed filing data is available for this year.$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
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