An Achievable Dream Inc
- Assets
- $6.4m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 70
- Location
- Newport News, VA
- Founding
- 05/1992
- Data as of
- 06/2022
- EIN
- 54-1621932
Organization Overview
An Achievable Dream Inc is located in Newport News, VA. The organization was established in 1992. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. As of 06/2022, An Achievable Dream Inc employed 70 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. An Achievable Dream 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 06/2022, An Achievable Dream Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $1.4m during the year ending 06/2022. 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
2022
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
THE PURPOSE OF THE PROGRAM IS TO HELP UNDERSERVED CHILDREN BY PROVIDING A SOLID ACADEMIC AND PERSONAL FOUNDATION FOR SUCCESS. APPROXIMATELY 615 STUDENTS IN GRADES K-5 WERE SERVED DURING THE 2021/2022 SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deena Lee Vreeland President/ceo | OfficerTrustee | 40 | $152,269 |
Mari Ann Banks Director | Trustee | 1 | $0 |
Elizabeth David Director | Trustee | 1 | $0 |
William Downey Director | Trustee | 1 | $0 |
Ivan Hutchinson Director | Trustee | 1 | $0 |
Nancy L Levin Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $499,143 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,595,237 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,094,380 |
| Total Program Service Revenue | $0 |
| Investment income | $18,242 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$17,537 |
| Net Income from Fundraising Events | -$102,260 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,992,825 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| 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. | $363,534 |
| Compensation of current officers, directors, key employees. | $61,419 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $237,918 |
| Pension plan accruals and contributions | $19,577 |
| Other employee benefits | $39,987 |
| Payroll taxes | $45,215 |
| Fees for services: Management | $5,314 |
| Fees for services: Legal | $4,888 |
| Fees for services: Accounting | $43,773 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,607 |
| Fees for services: Other | $0 |
| Advertising and promotion | $19,298 |
| Office expenses | $40,344 |
| Information technology | $31,169 |
| Royalties | $0 |
| Occupancy | $37,505 |
| Travel | $431 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,725 |
| Interest | $96,500 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,623 |
| Insurance | $20,812 |
| All other expenses | $46,666 |
| Total functional expenses | $1,399,478 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $403,603 |
| Savings and temporary cash investments | $94,664 |
| Pledges and grants receivable | $4,745,928 |
| Accounts receivable, net | $16,917 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,237 |
| Prepaid expenses and deferred charges | $106,265 |
| Net Land, buildings, and equipment | $93,525 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $10,328 |
| Other assets | $961,821 |
| Total assets | $6,436,288 |
| Accounts payable and accrued expenses | $58,068 |
| Grants payable | $0 |
| Deferred revenue | $12,000 |
| 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 | $3,309,820 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,663 |
| Total liabilities | $3,387,551 |
| Net assets without donor restrictions | -$1,637,419 |
| Net assets with donor restrictions | $4,686,156 |
| 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 | $6,436,288 |
Grants Awarded
Over the last fiscal year, An Achievable Dream Inc has awarded $53,762 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE ROTARY CLUB OF NEWPORT NEWS PURPOSE: SUPPORT OF COMMUNITY PROJECTS | $19,726 |
AN ACHIEVABLE DREAM MIDDLE AND HIGH SCHOOL INC PURPOSE: SCHOLARSHIPS | $34,036 |