An Achievable Dream Virginia Beach Inc
- Assets
- $2.2m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 99
- Location
- Newport News, VA
- Founding
- 08/2014
- Data as of
- 06/2021
- EIN
- 46-3211492
Organization Overview
An Achievable Dream Virginia Beach Inc is located in Newport News, VA. The organization was established in 2014. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2021, An Achievable Dream Virginia Beach Inc employed 99 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. An Achievable Dream Virginia Beach 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, An Achievable Dream Virginia Beach Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $1.8m during the year ending 06/2021. While expenses have increased by 9.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
AN ACHIEVABLE DREAM DEVELOPS INDEPENDENT, PRODUCTIVE CITIZENS THROUGH A SOCIAL, ACADEMIC, AND MORAL EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AAD PROGRAM: THE PURPOSE OF THE PROGRAM IS TO HELP UNDERSERVED CHILDREN BY PROVIDING A SOLID ACADEMIC AND PERSONAL FOUNDATION FOR SUCCESS. APPROXIMATELY 550 STUDENTS IN GRADES K-8 WERE SERVED DURING THE 2020/2021 SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deena Lee Vreeland President/ceo | OfficerTrustee | 1 | $70,065 |
Helen Myers CFO | Officer | 1 | $34,284 |
Pervis Blake VP Of Academics | Officer | 1 | $23,522 |
Charles G Barker Chair | OfficerTrustee | 1 | $0 |
Jay Klebanoff Vice Chair | OfficerTrustee | 1 | $0 |
Christopher W Chope Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $17,688 |
| Related organizations | $0 |
| Government grants | $195,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,177,864 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,391,352 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $123,969 |
| Net Income from Gaming Activities | $18,500 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,537,746 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $150,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $143,027 |
| Compensation of current officers, directors, key employees. | $39,698 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $944,676 |
| Pension plan accruals and contributions | $10,501 |
| Other employee benefits | $15,535 |
| Payroll taxes | $72,687 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $203 |
| Fees for services: Accounting | $20,921 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,630 |
| Advertising and promotion | $0 |
| Office expenses | $14,853 |
| Information technology | $2,792 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $111 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,208 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $70 |
| Insurance | $15,652 |
| All other expenses | $42,477 |
| Total functional expenses | $1,796,799 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $804,202 |
| Pledges and grants receivable | $890,021 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,305 |
| Prepaid expenses and deferred charges | $68,936 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $442,799 |
| Total assets | $2,210,263 |
| Accounts payable and accrued expenses | $7,209 |
| Grants payable | $0 |
| Deferred revenue | $11,500 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $168,911 |
| Total liabilities | $187,620 |
| Net assets without donor restrictions | $765,749 |
| Net assets with donor restrictions | $1,256,894 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,210,263 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that An Achievable Dream Virginia Beach Inc has recieved totaling $137,110.
| Awarding Organization | Amount |
|---|---|
Hampton Roads Community Foundation Norfolk, VA PURPOSE: 2021 DESIGNATED DISTRIBUTION FOR THE K-12 PROGRAM | $57,010 |
Sentara Healthcare Norfolk, VA PURPOSE: SOCIAL, ACADEMIC AND MORAL EDUCATION | $50,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $10,100 |
Hampton Roads Community Foundation Norfolk, VA PURPOSE: FOR UNRESTRICTED SUPPORT | $10,000 |
Dominion Energy Charitable Foundation Richmond, VA PURPOSE: WINTER FOOD AND EMERGENCY ASSISTANCE FOR AAD FAMILIES | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Duke Corporate Education Durham, NC | $27,489,390 | $18,675,614 |
Achieving The Dream Inc Silver Spring, MD | $48,979,373 | $23,156,070 |
Camc Health Education And Research Institute Inc Charleston, WV | $10,132,150 | $15,955,209 |
Cape Fear Tutoring Inc Wilmington, NC | $2,173,027 | $16,040,654 |
Us Ignite Inc Washington, DC | $5,718,790 | $15,311,234 |
Washington Yu Ying Public Charter School Washington, DC | $27,086,728 | $12,170,772 |
National Association For College Admission Counseling Inc Arlington, VA | $22,607,858 | $9,863,408 |
National Alliance For Public Charter Schools Washington, DC | $20,433,842 | $17,753,309 |
American Federation For Children Growth Fund Inc Columbia, MD | $9,265,288 | $14,325,717 |
Memphis Education Fund Inc Memphis, TN | $2,536,598 | $5,955,711 |
A Wider Circle Inc Silvers Spring, MD | $9,165,754 | $9,301,796 |
Anne Arundel Community College Foundation Inc Arnold, MD | $29,078,784 | $4,871,771 |