Civic Intelligence

Achievable Dream Endowment Inc.

990 • Fiscal year 2024 • EIN 26-1392573

Jul 01, 2023 to Jun 30, 2024 • Filed on May 14, 2025

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

25th percentile

0.05x

Higher debt load relative to assets than 25% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

80th percentile

1.19x

Higher debt load relative to revenue than 80% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

3rd percentile

-101%

Higher net margin than 3% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

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.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

56th percentile

7.2%

Faster asset growth than 56% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

Score unavailable

No value available

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

Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets25th percentile

Assets

Up

$31,099,588

Up $2,091,539 (+7.2%) from 2023

Net Assets

Up

$29,681,372

Up $1,552,340 (+5.5%) from 2023

Liabilities

Up

$1,418,216

Up $539,199 (+61%) from 2023

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin3rd percentile

Revenue

Up

$1,187,241

Up $1,342,345 (+865%) from 2023

Expenses

Up

$2,388,311

Up $458,420 (+24%) from 2023

Net Income

Up

-$1,201,070

Up $883,925 (+42%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth56th 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

2024

Assets$31,099,588
Liabilities$1,418,216
Net Assets$29,681,372
Open 2024 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

2024

Revenue$1,187,241
Expenses$2,388,311
Net Income-$1,201,070
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$1,187,241
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$26,767,249$28,109,714▲ $1,342,465
Pledges and Grants Receivable$849,585$608,738▼ $240,847
Accounts Receivable$57,262--
Investments Other Securities$21,466$20,300▼ $1,166
Savings and Temporary Cash Investments$10,226$10,228▲ $2
Cash and Non-Interest-Bearing Accounts$1,168,553$1,835▼ $1,166,718
Prepaid Expenses and Deferred Charges$1,285$1,283▼ $2
Total Assets$29,008,049$31,099,588▲ $2,091,539
Other Assets Total$132,423$2,347,490▲ $2,215,067
Liabilities
Other Liabilities$229,241$1,374,715▲ $1,145,474
Escrow Account Liability$649,776--
Accounts Payable and Accrued Expenses-$43,501-
Total Liabilities$879,017$1,418,216▲ $539,199
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$19,932,177$18,944,328▼ $987,849
Net Assets With Donor Restrictions$8,196,855$10,737,044▲ $2,540,189
Total Net Assets Fund Balance$28,129,032$29,681,372▲ $1,552,340
Total Liabilities and Net Assets / Fund Balance$29,008,049$31,099,588▲ $2,091,539

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$2,347,490--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$26,117,473$648,849▲ $3,503,076-$27,372,778
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
Compensation and Service Providers
Top Officer Pay9th percentile

Board Members and Trustees

NameTitle
Tim DykstraChair
Marvin FriedbergVice Chairman
Anne ConnerDirector
Aubrey L Layne JrDirector
Bill DowneyDirector
Gordon GentryDirector
Steve RobertsDirector
William ErmatingerDirector
Lee VreelandCEO
Amanda RoseCFO
ED DavidSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$418,562
Program Service Revenue
$0
Investment Income
$768,994
Other Revenue
$-315
All Other Contributions
$418,562
Change in Net Assets
$-1,201,070

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,187,241
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$2,753,410
Total Revenue per Audited Statements
$3,940,651
Total Revenue per Form 990
$1,187,241
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,704,834
Salaries, Compensation, and Employee Benefits$430,313
Other Expenses$253,164
Total Fundraising Expense$58,520
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,704,834--$1,704,834
Other Salaries and Wages$209,985$161,808$58,520$430,313
Fees for Service Investment Mgmnt Fees-$147,771-$147,771
Fees for Services Accounting-$70,098-$70,098
Information Technology-$14,673-$14,673
Office Expenses$10,087$2,305-$12,392
Fees for Services Legal-$6,135-$6,135
Insurance-$1,804-$1,804
Other Expenses-$291-$291
Total Functional Expenses$1,924,906$404,885$58,520$2,388,311

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,388,311
Total Expenses per Audited Statements$2,388,311
Total Expenses per Form 990$2,388,311
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
An Achievable Dream Middle and High School IncNewport News, VA501(c)(3)assist with educational programs$848,052
An Achievable Dream Virginia Beach IncNewport News, VA501(c)(3)assist with educational programs$326,222
An Achievable Dream IncNewport News, VA501(c)(3)assist with educational programs$239,964
An Achievable Dream Certified Academies IncNewport News, VA501(c)(3)assist with educational programs$110,000
Christopher Newport UniversityNewport News, VA170(c)(1)assist with educational programs$60,000
CodeVARichmond, VA501(c)(3)assist with educational programs$25,000
Heritage High SchoolNewport News, VA170(c)(1)assist with educational programs$25,000
Dreams in MotionNewport News, VA501(c)(3)assist with educational programs$10,000
Whats Next For Success FoundationNewport News, VA-assist with educational programs$7,000
Bruton High SchoolWilliamsburg, VA170(c)(1)assist with educational programs$5,300
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 Accounts$1,374,715
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
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amanda Rose
Formed
2007
Legal Domicile
Va
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
9

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 18,860.”

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, 2024 and 2023. 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 18,860.”

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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IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0An Achievable Dream Endowment's mission is to develop 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/OtherExpensesGrp/Desc0Taxes and Licenses
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IRS990/OtherRevenueTotalAmt0-315
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt058520
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0161808
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0209985
IRS990/OtherSalariesAndWagesGrp/TotalAmt0430313
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
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IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01285
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01283
IRS990/PrincipalOfficerNm0Amanda Rose
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01607075
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01407857
IRS990/PYInvestmentIncomeAmt0-1767003
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IRS990/PYOtherRevenueAmt04824
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IRS990/PYTotalExpensesAmt01929891
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IRS990/PYTotalRevenueAmt0-155104
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-1201070
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt010226
IRS990/SavingsAndTempCashInvstGrp/EOYAmt010228
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Entity is actively in the process of seeking out additional funding from the general public. The receipt of the unusual grant from the Cornell Burcher Estate has caused public support percentage to dip under 33.33% in recent years. This should be corrected in the coming years.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Section C. Line 17a
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0758792
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01404426
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02262584
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0695265
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05234681
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0739966
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0661240
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0736438
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0592452
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0503224
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt03233320
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0-234
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt04199
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt017563
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0992
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt026820
IRS990ScheduleA/OtherIncome170Grp/TotalAmt049340
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.29890
IRS990ScheduleA/PublicSupportPY170Pct00.33110
IRS990ScheduleA/PublicSupportTotal170Amt02548158
IRS990ScheduleA/SubstantialContributorsTotAmt02686523
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0113614
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0758792
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01404426
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02262584
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0695265
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05234681
IRS990ScheduleA/TotalSupportAmt08523970
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt0-81
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt0391
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt0-363
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt06682
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt06629
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/BoardDesignatedBalanceEOYPct00.63950
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0147771
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt026117473
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0648849
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt027372778
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt02748849
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt03503076
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0132516
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt024354294
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt01950619
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt026117473
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt02350623
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02295699
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0183823
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt028024210
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt02869731
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt024354294
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0993643
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-5362181
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt088754
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt021017710
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt01176764
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt028024210
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt05918490
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt066793
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt021000705
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt021017710
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0500000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0583798
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02388311
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt02734550
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02347490
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Due from Accounts
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01374715
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due to Accounts
IRS990ScheduleD/OtherRevenueAmt018860
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.23750
IRS990ScheduleD/RevenueNotReportedAmt02753410
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01187241
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, 2024 and 2023. 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 18,860.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3In 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/FormAndLineReferenceDesc3Schedule D, Part V
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.12300
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02347490
IRS990ScheduleD/TotalExpensesPerForm990Amt02388311
IRS990ScheduleD/TotalLiabilityAmt01374715
IRS990ScheduleD/TotalRevenuePerForm990Amt01187241
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03940651
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02388311
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt0848052
IRS990ScheduleI/RecipientTable/CashGrantAmt1326222
IRS990ScheduleI/RecipientTable/CashGrantAmt2239964
IRS990ScheduleI/RecipientTable/CashGrantAmt3110000
IRS990ScheduleI/RecipientTable/CashGrantAmt425000
IRS990ScheduleI/RecipientTable/CashGrantAmt55300
IRS990ScheduleI/RecipientTable/CashGrantAmt625000
IRS990ScheduleI/RecipientTable/CashGrantAmt760000
IRS990ScheduleI/RecipientTable/CashGrantAmt810000
IRS990ScheduleI/RecipientTable/CashGrantAmt97000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501(c)(3)

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$31,099,588
Liabilities
$1,418,216
Net assets
$29,681,372
Revenue
$1,187,241
Expenses
$2,388,311
Net income
-$1,201,070
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$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
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