Civic Intelligence

American Dream Charter School

990 • Fiscal year 2017 • EIN 46-4377912

Jul 01, 2016 to Jun 30, 2017 • Filed on Mar 25, 2018

Organization ProfileWWW.THEAMERICANDREAMSCHOOL.ORG
510 East 141st Street - 4th FloorBronx, NY 10454

(718) 585-3071

Siviq Scores

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

Liabilities / Assets

57th percentile

0.19x

Higher debt load relative to assets than 57% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

47th percentile

0.08x

Higher debt load relative to revenue than 47% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Net Margin

71st percentile

12%

Higher net margin than 71% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

78th percentile

$149,398

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 3.3% of source-year revenue.

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Asset Growth

89th percentile

52%

Faster asset growth than 89% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

85th percentile

44%

Faster revenue growth than 85% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets57th percentile

Assets

Up

$1,821,597

Up $626,813 (+52%) from 2016

Net Assets

Up

$1,477,458

Up $530,184 (+56%) from 2016

Liabilities

Up

$344,139

Up $96,629 (+39%) from 2016

Revenue And Expenses
Liabilities / Revenue47th percentileNet Margin71st percentile

Revenue

Up

$4,505,371

Up $1,371,993 (+44%) from 2016

Expenses

Up

$3,975,187

Up $1,331,828 (+50%) from 2016

Net Income

Up

$530,184

Up $40,165 (+8.2%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth89th percentile

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

$40M$30M$20M$10M$0-$10MAssets 2014: $48,577Liabilities 2014: $50,596Net Assets 2014: -$2,0192014Assets 2015: $569,710Liabilities 2015: $112,455Net Assets 2015: $457,2552015Assets 2016: $1,194,784Liabilities 2016: $247,510Net Assets 2016: $947,2742016Assets 2017: $1,821,597Liabilities 2017: $344,139Net Assets 2017: $1,477,4582017Assets 2018: $2,557,047Liabilities 2018: $575,270Net Assets 2018: $1,981,7772018Assets 2019: $3,826,140Liabilities 2019: $950,675Net Assets 2019: $2,875,4652019Assets 2020: $5,542,751Liabilities 2020: $2,528,101Net Assets 2020: $3,014,6502020Assets 2021: $7,691,176Liabilities 2021: $1,699,931Net Assets 2021: $5,991,2452021Assets 2022: $8,589,010Liabilities 2022: $2,383,124Net Assets 2022: $6,205,8862022Assets 2025: $37,666,530Liabilities 2025: $32,485,482Net Assets 2025: $5,181,0482025

Highlighted filing

2017

Assets$1,821,597
Liabilities$344,139
Net Assets$1,477,458
Open 2017 Filing

Operations Trend

Revenue Growth85th percentile

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

$20M$15M$10M$5.0M$0-$5.0MRevenue 2014: $99,724Expenses 2014: $101,743Net Income 2014: -$2,0192014Revenue 2015: $1,957,051Expenses 2015: $1,497,777Net Income 2015: $459,2742015Revenue 2016: $3,133,378Expenses 2016: $2,643,359Net Income 2016: $490,0192016Revenue 2017: $4,505,371Expenses 2017: $3,975,187Net Income 2017: $530,1842017Revenue 2018: $6,587,262Expenses 2018: $6,082,943Net Income 2018: $504,3192018Revenue 2019: $8,474,559Expenses 2019: $7,580,871Net Income 2019: $893,6882019Revenue 2020: $11,055,922Expenses 2020: $10,916,737Net Income 2020: $139,1852020Revenue 2021: $14,433,124Expenses 2021: $11,456,529Net Income 2021: $2,976,5952021Revenue 2022: $14,334,867Expenses 2022: $14,120,226Net Income 2022: $214,6412022Revenue 2025: $16,005,144Expenses 2025: $16,450,008Net Income 2025: -$444,8642025

Highlighted filing

2017

Revenue$4,505,371
Expenses$3,975,187
Net Income$530,184
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Mar 25, 2018
Return Version
2016v3.0
Gross Receipts
$4,505,371
Mission and Program Overview

Mission

The american dream school's mission is to develop academic excellence in both spanish and english, preparing students in grades 6 through 8 to excel in college.

The american dream school's mission is to develop academic excellence in both spanish and english, preparing students in grades 6-8 to excel in college.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$855,536$1,231,543▲ $376,007
Pledges and Grants Receivable$86,944$171,501▲ $84,557
Land, Buildings, and Equipment, Net$210,792$156,872▼ $53,920
Cash and Non-Interest-Bearing Accounts$7,545$148,203▲ $140,658
Prepaid Expenses and Deferred Charges$33,967$50,144▲ $16,177
Total Assets$1,194,784$1,821,597▲ $626,813
Other Assets Total$0$63,334▲ $63,334
Liabilities
Accounts Payable and Accrued Expenses$247,510$344,139▲ $96,629
Total Liabilities$247,510$344,139▲ $96,629
Net Assets / Fund Balance
Unrestricted Net Assets$947,274$1,477,458▲ $530,184
Total Net Assets Fund Balance$947,274$1,477,458▲ $530,184
Total Liabilities and Net Assets / Fund Balance$1,194,784$1,821,597▲ $626,813

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$156,872$205,820$362,692
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Melissa MelkonianPrincipalFT$148,845$553$149,398

Board Members and Trustees

NameTitle
Luz Maria RojasChairman
Angelo CabreraBoard Member
Damian VargasBoard Member
Rick LevineBoard Member
Sandra GarciaBoard Member
Zuleika MartinezBoard Member
Roselin EspinalTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$342,773
Program Service Revenue
$4,126,781
Investment Income
$1,006
Other Revenue
$34,811
All Other Contributions
$342,773
Change in Net Assets
$530,184

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,505,371
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$4,505,371
Total Revenue per Form 990
$4,505,371
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,140,995
Other Expenses$834,192
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,057,825$372,174-$2,429,999
Payroll Taxes$217,938$45,622-$263,560
Other Employee Benefits$206,335$42,973-$249,308
Office Expenses$156,678$32,797-$189,475
Current Officers, Directors, Trustees, and Key Employees$74,387$74,387-$148,774
Depreciation Depletion$88,421$18,509-$106,930
Fees for Services Accounting-$105,400-$105,400
Pension Plan Contributions$40,811$8,543-$49,354
Other Expenses$32,758$1,698-$34,456
Fees for Services Other$33,911--$33,911
Insurance$25,247$5,286-$30,533
All Other Expenses$8,063$1,688-$9,751
Fees for Services Legal-$7,690-$7,690
Total Functional Expenses$3,251,458$723,729$0$3,975,187

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,975,187
Total Expenses per Audited Statements$3,975,187
Total Expenses per Form 990$3,975,187
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
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

“An electronic copy of the draft of the form 990 will be distributed to the organization's governing body prior to its filing. All the members of the governing board are requested to review and authorize the filing of the form 990.”

Form 990, Part VI, Section B, Line 12C

“The school requires all the board members and the key officers to fill out the conflict of interest disclosure form. Potential conflicts of interest are reported to the board chair. If the board chair has a potential conflict of interest it is reported to the board secretary. Anindividual with a potential conflict is required to leave the room while the matter is discussed.”

Form 990, Part VI, Section B, Line 15A

“The executive committee of the school determines the compensation of the officers and directors. In order to determine the compensation for the officers and directors (s) , the school utilizes a combination of the sources including - a) information of compensation paid to the officers and directors employees of other charter schools and other similar organizations available through the 990s posted on the guidestar. B) experience of the executive committee members in determining the compensation of such positions. C) available budget of the school and the experience of the individuals applying or providing service to the school.”

Form 990, Part VI, Section C, Line 19

“AVAILABLE UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
The American Dream Charter School
EIN
46-4377912
Phone
7185853071
Address
510 EAST 141ST STREET - 4TH FLOOR, BRONX, NY 10454

Signing Officer

Name
Melissa Melkonian
Title
Principal
Phone
7185853071
Signed
2018-03-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Melissa Melkonian
Formed
2013
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
51
Volunteers
7

Preparer

Firm
Lutz and Carr Cpas Llp
Address
551 FIFTH AVENUE SUITE 400, NEW YORK, NY 10176
Preparer
Chris Bellando
Phone
2126972299
Raw XML AppendixShowing 400 of 411 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/Desc0THE 2016-2017 SCHOOL YEAR WAS OUR THIRD YEAR OF OPERATION. DURING THISYEAR WE SERVED 6TH GRADE WITH 80 STUDENTS, 7TH GRADE WITH 81STUDENTS, AND 8TH GRADE WITH 75 STUDENTS. OUR MISSION HAS ALWAYS BEEN CENTRAL TO OUR FOCUS AS WE DEVELOP ACADEMIC EXCELLENCE IN BOTH SPANISH AND ENGLISH, PREPARING OUR MIDDLE SCHOOL STUDENTS TO EXCEL IN COLLEGE. IN SCHOOL YEAR 16-17 WE CONCENTRATED ON CULTIVATING A HIGHLY QUALIFIED TEACHING STAFF,IMPROVING OUR STUDENT LEARNING OUTCOMES AS WELL AS FINE-TUNING A SUPPORTIVE SCHOOL ENVIRONMENT. WE CONTINUED A SUCCESSFUL AFTER-SCHOOL PROGRAM THAT INCLUDED HOMEWORK HELP, ROBOTICS, MUSIC, SOCCER, SCIENCE OLYMPIAD AND AN AWARD-WINNING DEBATE TEAM. WE CONTINUED OFFERING AFTER SCHOOL PARENT WORKSHOPS AND BUILDING A STRONG COMMUNITY THROUGH REGULAR MONTHLY MEETINGS WITH PARENTS AND THE PRINCIPAL CALLED "CAFECITO CON LA DIRECTORA." IN ADDITION, DURING THE 2016-2017 SCHOOL YEAR THE SCHOOL SUCCESSFULLY APPLIED TO ITS AUTHORIZER (NYSED) IN ORDER TO EXPAND INTO HIGH SCHOOL GRADES. AFTER BEING APPROVED, WE LOCATED A SECOND PROPERTY TO TEMPORARILY HOUSE OUR HIGH SCHOOL CAMPUS IN PREPARATION FOR OPENING IN SCHOOL YEAR 2017-2018.
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE RACIALLY NONDISCRIMINATORY POLICY IS INCLUDED ON THE STUDENT APPLICATION AND IS ALSO POSTED ON THE CHARTER SCHOOL'S WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1WE ARE A PUBLIC CHARTER SCHOOL THAT DOESN'T CHARGE TUITION. WE DO NOT ISSUE ANY SCHOLARSHIPS OR FINANCIAL ASSISTANCE TO OUR STUDENTS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2AMERICAN DREAM CHARTER SCHOOL IS A PUBLIC CHARTER SCHOOL AUTHORIZED BY THE STATE OF NEW YORK. WE RECEIVE PER PUPIL FUNDING, FEDERAL GRANT FUNDS AND STATE TITLE FUNDS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 6
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AN ELECTRONIC COPY OF THE DRAFT OF THE FORM 990 WILL BE DISTRIBUTED TO THE ORGANIZATION'S GOVERNING BODY PRIOR TO ITS FILING. ALL THE MEMBERS OF THE GOVERNING BOARD ARE REQUESTED TO REVIEW AND AUTHORIZE THE FILING OF THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL REQUIRES ALL THE BOARD MEMBERS AND THE KEY OFFICERS TO FILL OUT THE CONFLICT OF INTEREST DISCLOSURE FORM. POTENTIAL CONFLICTS OF INTEREST ARE REPORTED TO THE BOARD CHAIR. IF THE BOARD CHAIR HAS A POTENTIAL CONFLICT OF INTEREST IT IS REPORTED TO THE BOARD SECRETARY. ANINDIVIDUAL WITH A POTENTIAL CONFLICT IS REQUIRED TO LEAVE THE ROOM WHILE THE MATTER IS DISCUSSED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE COMMITTEE OF THE SCHOOL DETERMINES THE COMPENSATION OF THE OFFICERS AND DIRECTORS. IN ORDER TO DETERMINE THE COMPENSATION FOR THE OFFICERS AND DIRECTORS (S) , THE SCHOOL UTILIZES A COMBINATION OF THE SOURCES INCLUDING - A) INFORMATION OF COMPENSATION PAID TO THE OFFICERS AND DIRECTORS EMPLOYEES OF OTHER CHARTER SCHOOLS AND OTHER SIMILAR ORGANIZATIONS AVAILABLE THROUGH THE 990S POSTED ON THE GUIDESTAR. B) EXPERIENCE OF THE EXECUTIVE COMMITTEE MEMBERS IN DETERMINING THE COMPENSATION OF SUCH POSITIONS. C) AVAILABLE BUDGET OF THE SCHOOL AND THE EXPERIENCE OF THE INDIVIDUALS APPLYING OR PROVIDING SERVICE TO THE SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE UPON REQUEST.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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ReturnHeader/FilingSecurityInformation/IPTm011:23:32
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LUTZ AND CARR CPAS LLP

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,821,597
Liabilities
$344,139
Net assets
$1,477,458
Revenue
$4,505,371
Expenses
$3,975,187
Net income
$530,184
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.7$32.5$5.18$16.0$16.5$0.44
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.59$2.38$6.21$14.3$14.1$0.21
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.69$1.70$5.99$14.4$11.5$2.98
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.54$2.53$3.01$11.1$10.9$0.14
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.83$0.95$2.88$8.47$7.58$0.89
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.56$0.58$1.98$6.59$6.08$0.50
2017Detailed filing. Detailed filing data is available for this year.$1.82$0.34$1.48$4.51$3.98$0.53
2016Detailed filing. Detailed filing data is available for this year.$1.19$0.25$0.95$3.13$2.64$0.49
2015Detailed filing. Detailed filing data is available for this year.$0.57$0.11$0.46$1.96$1.50$0.46
2014Detailed filing. Detailed filing data is available for this year.$0.05$0.05$0.00$0.10$0.10$0.00