Dream Academy
- Assets
- $16.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 05/2011
- Data as of
- 12/2022
- EIN
- 61-1617571
Organization Overview
Dream Academy is located in Richmond, VA. The organization was established in 2011. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dream Academy 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 12/2022, Dream Academy generated $91.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $86.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clarence Mcgill Chairman | 10 | $0 | |
Joann Henry Director Principal | 40 | $0 | |
Adeline Clarke Director | 10 | $0 | |
Gerilyn Harris Director | 10 | $0 | |
Jeremy Lazarus Treasurer Chief Financial Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,000 |
| Total Program Service Revenue | $56,029 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $100 |
| Total Revenue | $91,129 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $31,000 |
| Occupancy, rent, utilities, and maintenance | $19,700 |
| Printing, publications, postage, and shipping | $620 |
| Other expenses | $34,831 |
| Total expenses | $86,151 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $16,218 |
| Other assets | $0 |
| Total assets | $16,218 |
| Total liabilities | $45,000 |
| Net assets or fund balances | -$28,782 |