Civic Intelligence

Boston Adventist Dream Academy Corporation

990 • Fiscal year 2023 • EIN 46-4643066

Jul 01, 2022 to Jun 30, 2023 • Filed on Oct 12, 2023

Organization ProfileWWW.BOSTONDREAMACADEMY.ORG
48 Pleasant StDorchester, MA 02125

(617) 467-4898

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.28x

Higher debt load relative to assets than 73% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

76th percentile

0.38x

Higher debt load relative to revenue than 76% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

97th percentile

85%

Higher net margin than 97% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

51st percentile

$62,156

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 2.7% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

100th percentile

1375%

Faster asset growth than 100% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

98th percentile

489%

Faster revenue growth than 98% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Up

$3,115,749

Up $2,904,513 (+1375%) from 2022

Net Assets

Up

$2,236,941

Up $2,044,008 (+1059%) from 2022

Liabilities

Up

$878,808

Up $860,505 (+4701%) from 2022

Revenue And Expenses
Liabilities / Revenue76th percentileNet Margin97th percentile

Revenue

Up

$2,291,837

Up $1,902,672 (+489%) from 2022

Expenses

Up

$345,319

Up $88,418 (+34%) from 2022

Net Income

Up

$1,946,518

Up $1,814,254 (+1372%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth100th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2015: $215Liabilities 2015: $0Net Assets 2015: $2152015Assets 2016: $227Liabilities 2016: $0Net Assets 2016: $2272016Assets 2017: $236Liabilities 2017: $0Net Assets 2017: $2362017Assets 2018: $1,173Liabilities 2018: $0Net Assets 2018: $1,1732018Assets 2019: $4,469Liabilities 2019: $0Net Assets 2019: $4,4692019Assets 2020: $13,302Liabilities 2020: $0Net Assets 2020: $13,3022020Assets 2021: $92,275Liabilities 2021: $0Net Assets 2021: $92,2752021Assets 2022: $211,236Liabilities 2022: $18,303Net Assets 2022: $192,9332022Assets 2023: $3,115,749Liabilities 2023: $878,808Net Assets 2023: $2,236,9412023Assets 2024: $3,064,667Liabilities 2024: $855,487Net Assets 2024: $2,209,1802024

Highlighted filing

2023

Assets$3,115,749
Liabilities$878,808
Net Assets$2,236,941
Open 2023 Filing

Operations Trend

Revenue Growth98th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2015: $78,175Expenses 2015: $77,961Net Income 2015: $2142015Revenue 2016: $134,454Expenses 2016: $134,442Net Income 2016: $122016Revenue 2017: $182,495Expenses 2017: $182,486Net Income 2017: $92017Revenue 2018: $176,873Expenses 2018: $175,936Net Income 2018: $9372018Revenue 2019: $149,157Expenses 2019: $145,861Net Income 2019: $3,2962019Revenue 2020: $122,433Expenses 2020: $113,631Net Income 2020: $8,8022020Revenue 2021: $271,981Expenses 2021: $193,533Net Income 2021: $78,4482021Revenue 2022: $389,165Expenses 2022: $256,901Net Income 2022: $132,2642022Revenue 2023: $2,291,837Expenses 2023: $345,319Net Income 2023: $1,946,5182023Revenue 2024: $398,163Expenses 2024: $433,621Net Income 2024: -$35,4582024

Highlighted filing

2023

Revenue$2,291,837
Expenses$345,319
Net Income$1,946,518
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Oct 12, 2023
Return Version
2022v5.0
Gross Receipts
$2,291,837
Mission and Program Overview

Mission

The planned activities of the Boston Adventist Dream Academy is to nurture the intellectual curiosity of high school students and to cultivate their dedication to service through preparatory curriculum within a supportive collaborative community.

The planned activity of the boston dream academy is to nurture the intellectual curiosity of high school students and to cultivate their dedication to service through preparatory curriculum within a supportive collaborative community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$14,839$3,058,472▲ $3,043,633
Cash and Non-Interest-Bearing Accounts$184,212$57,277▼ $126,935
Accounts Receivable$12,185--
Total Assets$211,236$3,115,749▲ $2,904,513
Liabilities
Mortgage Notes Payable Secured by Investment Property-$846,322-
Other Liabilities-$32,486-
Accounts Payable and Accrued Expenses$18,303--
Total Liabilities$18,303$878,808▲ $860,505
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$192,933$2,236,941▲ $2,044,008
Total Net Assets Fund Balance$192,933$2,236,941▲ $2,044,008
Total Liabilities and Net Assets / Fund Balance$211,236$3,115,749▲ $2,904,513

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,979,434--
Equipment$79,038$14,839-
Compensation and Service Providers
Top Officer Pay51st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Robert JacksonPrincipalFT$62,156$62,156

Board Members and Trustees

NameTitle
Opal WilliamsChair
Betty JohnsonDirector
Cherie JacksonDirector
David WilliamsDirector
Jenks BrutusDirector
John GallagherDirector
Marva DurandDirector
Milton SamuelsDirector
Owena FarrellDirector
Paulette ChandlerDirector
Rodney DurandDirector
Steffan ReidDirector
Eric AdamsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,207,422
Program Service Revenue
$64,215
Investment Income
$0
Other Revenue
$20,200
All Other Contributions
$2,207,422
Change in Net Assets
$1,946,518
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$179,757
Other Expenses$165,562
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$83,108--$83,108
Current Officers, Directors, Trustees, and Key Employees$62,156--$62,156
Interest$42,338--$42,338
All Other Expenses$30,381--$30,381
Other Employee Benefits$22,559--$22,559
Other Expenses$645$18,610-$18,610
Insurance$17,065--$17,065
Payroll Taxes$11,934--$11,934
Advertising$1,704--$1,704
Fees for Services Accounting$1,500--$1,500
Office Expenses$289--$289
Travel$260--$260
Total Functional Expenses$326,709$18,610$0$345,319
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
Payroll Liabilities$25,820
Advance Pay$5,066
Other Current Liabilities$1,600
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

“Opal williams and david williams are husband and wife. Marva durand and rodney durand are husband and wife.”

Form 990 governing body review Part VI line 11

“The organization hired an outside accountant to prepare form 990. The board and principal provided the accountant with the necesary information to complete the form. It was given to the principal & board chair for review being sent to the irs.”

Governing documents etc available to public Part VI line 19

“Boston dream academy has and will make all of its governing documents, conflict of interest policy and financial statements available to the public upon request and on its website: www.bostondreamacademy.com”

Filing and Contact Details

Filer

Filer Name
Boston Dream Academy
EIN
46-4643066
Address
48 PLEASANT ST, DORCHESTER, MA 02125

Signing Officer

Name
Opal Williams
Title
Chair
Phone
6174674898
Signed
2023-10-12
Discuss with paid preparer
Yes

Organization Details

Formed
2014
Legal Domicile
Ma
Voting Board Members
14
Independent Board Members
14
Employees
4
Volunteers
17

Preparer

Firm
Moriarty & Associates Pc
Address
144 GOULD ST STE 205, NEEDHAM, MA 02494
Preparer
Michael P Moriarty CPA
Phone
6178522214
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IRS990/OtherRevenueMiscGrp/Desc1RENT - RESIDENTIAL
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt18800
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt083108
IRS990/OtherSalariesAndWagesGrp/TotalAmt083108
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IRS990/PayrollTaxesGrp/ProgramServicesAmt011934
IRS990/PayrollTaxesGrp/TotalAmt011934
IRS990/PoliticalCampaignActyInd0false
IRS990/PriorPeriodAdjustmentsAmt097490
IRS990/ProfessionalFundraisingInd0false
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt064215
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0338032
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt078939
IRS990/PYProgramServiceRevenueAmt051133
IRS990/PYRevenuesLessExpensesAmt0132264
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IRS990/PYTotalExpensesAmt0256901
IRS990/PYTotalRevenueAmt0389165
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt01946518
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt02979434
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt02979434
IRS990ScheduleD/EquipmentGrp/BookValueAmt079038
IRS990ScheduleD/EquipmentGrp/DepreciationAmt014839
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt093877
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01600
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt125820
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt25066
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ADVANCE PAY
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03058472
IRS990ScheduleD/TotalLiabilityAmt032486
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
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IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL PUBLICIZES ITS NONDISCRIMINATION POLICY CLEARLY ON ITS WEBSITE AND IN PRINTED MATERIALS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of nondiscriminatory policy (Question 3)
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OPAL WILLIAMS AND DAVID WILLIAMS ARE HUSBAND AND WIFE. MARVA DURAND AND RODNEY DURAND ARE HUSBAND AND WIFE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HIRED AN OUTSIDE ACCOUNTANT TO PREPARE FORM 990. THE BOARD AND PRINCIPAL PROVIDED THE ACCOUNTANT WITH THE NECESARY INFORMATION TO COMPLETE THE FORM. IT WAS GIVEN TO THE PRINCIPAL & BOARD CHAIR FOR REVIEW BEING SENT TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOSTON DREAM ACADEMY HAS AND WILL MAKE ALL OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AND ON ITS WEBSITE: WWW.BOSTONDREAMACADEMY.COM
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IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TotalContributionsAmt02207422
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt018610
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0326709
IRS990/TotalFunctionalExpensesGrp/TotalAmt0345319
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt018303
IRS990/TotalLiabilitiesEOYAmt0878808
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IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0326709
IRS990/TotalProgramServiceRevenueAmt064215
IRS990/TotalReportableCompFromOrgAmt062156
IRS990/TotalRevenueGrp/ExclusionAmt020200
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt064215
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02291837
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt017
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0211236
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03115749
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt0260
IRS990/TravelGrp/TotalAmt0260
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt014
IRS990/VotingMembersIndependentCnt014
IRS990/WebsiteAddressTxt0WWW.BOSTONDREAMACADEMY.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0OPAL WILLIAMS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum06174674898
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-10-12
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ReturnHeader/Filer/BusinessNameControlTxt0BOST

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$3,115,749
Liabilities
$878,808
Net assets
$2,236,941
Revenue
$2,291,837
Expenses
$345,319
Net income
$1,946,518
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.06$0.86$2.21$0.40$0.43$0.04
2023Detailed filing. Detailed filing data is available for this year.$3.12$0.88$2.24$2.29$0.35$1.95
2022Detailed filing. Detailed filing data is available for this year.$0.21$0.02$0.19$0.39$0.26$0.13
2021Detailed filing. Detailed filing data is available for this year.$0.09$0.00$0.09$0.27$0.19$0.08
2020Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.12$0.11$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.15$0.15$0.00
2018Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.18$0.18$0.00
2017Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.18$0.18$0.00
2016Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.13$0.13$0.00
2015Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.08$0.08$0.00