Achievable Dream Endowment Inc

Organization Overview

Achievable Dream Endowment Inc is located in Newport News, VA. The organization was established in 2008. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Achievable Dream Endowment Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Achievable Dream Endowment Inc generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.1% each year . All expenses for the organization totaled $757.2k during the year ending 06/2021. While expenses have increased by 12.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Achievable Dream Endowment Inc has awarded 25 individual grants totaling $4,597,558. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

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.

Describe the Organization's Program Activity:

TO PROVIDE SUPPORT FOR "ACHIEVABLE DREAM" ENTITIES EDUCATIONAL PROGRAMS.


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Board, Officers & Key Employees

Name (title)Compensation
Ed David
Secretary/treasurer
$0
Tim Dykstra
Chairman
$0
Marvin Friedberg
Vice Chairman
$0
Helen Myers
Exec VP And CFO
$0
Lee Vreeland
CEO
$0
Aubrey L Lane Jr
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$2,262,584
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,262,584
Total Program Service Revenue$0
Investment income $592,452
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $565,122
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,421,150

Grants Awarded

Over the last fiscal year, Achievable Dream Endowment Inc has awarded $370,793 in support to 3 organizations.

Grant RecipientAmount

AN ACHIEVABLE DREAM VIRGINIA BEACH

Org PageRecipient Profile

Newport News, VA

PURPOSE: assist with educational programs

$170,998

AN ACHIEVABLE DREAM INC

Org PageRecipient Profile

Newport News, VA

PURPOSE: assist with educational programs

$124,200

AN ACHIEVABLE DREAM MIDDLE AND HIGH SCHOOL

PURPOSE: assist with educational programs

$75,595
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Achievable Dream Endowment Inc has recieved totaling $50,000.

Awarding OrganizationAmount
Schwab Charitable Fund

San Francisco, CA

PURPOSE: PUBLIC, SOCIETAL BENEFIT

$50,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$21,585,518
Earnings$6,082,083
Admin Expense$91,140
Net Contributions$1,176,764
Ending Balance$28,753,225

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