Us Dream Academy Inc
- Assets
- $1.5m
- Revenue
- $3.1m
- Investments
- $1.1m
- Employees
- 55
- Location
- Silver Spring, MD
- Founding
- 08/2000
- Data as of
- 12/2021
- EIN
- 59-3514841
Organization Overview
Us Dream Academy Inc is located in Silver Spring, MD. The organization was established in 2000. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2021, Us Dream Academy Inc employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Us Dream Academy 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 12/2021, Us Dream Academy Inc generated $3.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $3.2m during the year ending 12/2021. While expenses have increased by 3.6% per year over the past 7 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
YOUTH EDUCATION TRAINING PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ESTABLISH AND OPERATE DREAM ACADEMY LEARNING CENTERS TO PROVIDE ON-LINE TUTORING, CHARACTER BUILDING, VALUES TRAINING, AND ONE-TO-ONE MENTORING, EXPOSURE TO NEW PEOPLE, PLACES AND CULTURES TO CHILDREN WHO LIVE IN HIGH RISK COMMUNITIES . THESE SERVICES ARE PRIMARILY PROVIDED IN AN AFTER-SCHOOL SETTING WITH THE PURPOSE OF BUILDING NEEDED PROTECTIVE FACTORS IN CHILDREN IN AN EFFORT TO HELP BREAK THE CYCLE OF INCARCERATION THAT EXISTS. WE ALSO PROVIDE FAMILY STRENGTHENING PROGRAMS THROUGH MONTHLY OUTREACH TO PARENTS TO FURTHER ENGAGE PARENTS IN THEIR CHILD'S SUCCESS IN SCHOOL AND LIFE. ALL SERVICES ARE FREE OF CHARGE TO THE STUDENT AND FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wintley Phipps Founder/president/ceo | OfficerTrustee | 40 | $193,887 |
C Diane Wallace Booker ESQ Chief Stategy Officer & Executive Vice President | Officer | 40 | $186,441 |
Jody Victor Treasurer | OfficerTrustee | 2 | $0 |
Sandra Randolph Chairman | OfficerTrustee | 2 | $0 |
Carlyle Walton Board Member | Trustee | 2 | $0 |
Chad Williams Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $724,570 |
| Related organizations | $0 |
| Government grants | $1,173,388 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,181,297 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,079,255 |
| Total Program Service Revenue | $0 |
| Investment income | $370 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $34,876 |
| Net Income from Fundraising Events | -$48,259 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,095,850 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $387,731 |
| Compensation of current officers, directors, key employees. | $68,166 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,493,395 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $252,175 |
| Payroll taxes | $160,079 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,750 |
| Fees for services: Accounting | $3,488 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $282,986 |
| Advertising and promotion | $0 |
| Office expenses | $244,343 |
| Information technology | $64,621 |
| Royalties | $0 |
| Occupancy | $29,392 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,200,759 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150,010 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $215,351 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $10,127 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,095,487 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,470,975 |
| Accounts payable and accrued expenses | $91,969 |
| Grants payable | $0 |
| Deferred revenue | $128,172 |
| 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 | $671,800 |
| Total liabilities | $891,941 |
| Net assets without donor restrictions | $305,781 |
| Net assets with donor restrictions | $273,253 |
| 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 | $1,470,975 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Us Dream Academy Inc has recieved totaling $235,388.
| Awarding Organization | Amount |
|---|---|
Adventist Healthcare Inc Gaithersburg, MD PURPOSE: TO SUPPORT DREAM KIDS IN A VIRTUAL MENTORING ENVIRONMENT TO BE SUCCESSFUL IN SCHOOL WITH A COLLEGE AND CAREER READINESS FOCUS. THROUGH ACADEMIC, SOCIAL, AND VALUES ENRICHMENT, THE DREAM ACADEMY EMPOWERS THOSE CHILDREN MOST AT RISK OF INCARCERATION TO BELIEVE IN THEMSELVES AND TO SUCCEED. | $153,597 |
United Way Of Greater Houston Houston, TX PURPOSE: Children and youth education | $45,000 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $23,256 |
Adventist Health System Sunbelt Inc Altamonte Springs, FL PURPOSE: General Support | $10,000 |
Lois And Richard England Foundation Bethesda, MD PURPOSE: GENERAL MISSION | $2,500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Partnership For A Healthier America Inc Washington, DC | $8,156,675 | $7,675,528 |
Washington Nationals Philanthropies Washington, DC | $8,857,322 | $4,334,499 |
Peaceplayers International Washington, DC | $2,663,713 | $3,827,781 |
Impact Living Services Forest, VA | $3,151,473 | $6,118,517 |
Service Year Exchange Inc Washington, DC | $7,358,910 | $7,347,919 |
Richmond First Tee Richmond, VA | $10,036,196 | $3,399,029 |
Breakfree Education Columbia, MD | $2,710,082 | $3,378,734 |
Us Dream Academy Inc Silver Spring, MD | $1,470,975 | $3,095,850 |
Gwens Girls Incorporated Pittsburgh, PA | $4,688,036 | $4,701,406 |
The Philadelphia Education Fund Philadelphia, PA | $9,790,760 | $3,554,527 |
Federation Of Neighborhood Centers Inc Philadelphia, PA | $1,729,927 | $3,084,929 |
Skillsusa Foundation Inc Leesburg, VA | $0 | $2,681,875 |