Dreamers Academy Inc
- Assets
- $21.1m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 33
- Location
- Sarasota, FL
- Founding
- 07/2019
- Data as of
- 06/2022
- EIN
- 82-2813068
Organization Overview
Dreamers Academy Inc is located in Sarasota, FL. The organization was established in 2019. 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 06/2022, Dreamers Academy Inc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dreamers 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
IMPLEMENT DATA-DRIVEN BEST PRACTICES TO DEVELOP BILINGUAL, BILITERATE, AND CROSS-CULTURAL LEADERS OF CHARACTER, SERVED IN A CARING ENVIRONMENT THAT ENCOURAGES FAMILY ENGAGEMENT AND CELEBRATES AMERICAN DIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DREAMERS ACADEMY IS A CHARTER SCHOOL FOCUSING ON ENGLISH LANGUAGE LEARNERS. IT PROVIDES A DUAL LANGUAGE TWO-WAY IMMERSION MODEL IN SPANISH AND ENGLISH WITH THE VISION TO INSPIRE SCHOLARS TO ENTER HIGH SCHOOL A GRADE LEVEL AHEAD AND PREPARED FOR SUCCESS ON A GLOBAL SCALE WITH RICH ACADEMIC CONTENT SERVED BY A BILINGUAL STAFF.DREAMARTE REMAKE LEARNING DAYS WITH THE PATTERSON FOUNDATION AND PARTNERSHIP WITH CREARTE LATINO - THE IMPACT ON THE COMMUNITY IS BELOW.-ACCESS TO FREE BOOKS AND LITERACY RESOURCES.-ART, MUSIC, AND THEATER CLASSES FOR STUDENTS AND THEIR FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Chaffee Chairman | OfficerTrustee | 1 | $0 |
Vera Mcclaugherty Director | Trustee | 1 | $0 |
Dan Kennedy Director | Trustee | 1 | $0 |
Humberto Alvia Director | Trustee | 1 | $0 |
Al Weidner Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sts Education Chromebooks | 6/29/22 | $170,988 |
Temple Beth Sholom Rent | 6/29/22 | $181,385 |
Geeks Quickly Laptops | 6/29/22 | $165,370 |
3 Oaks Resource Group International Furnitures | 6/29/22 | $139,787 |
Benchmark Education Company Textbooks | 6/29/22 | $100,131 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,846,523 |
| All other contributions, gifts, grants, and similar amounts not included above | $115,835 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,962,358 |
| Total Program Service Revenue | $0 |
| Investment income | $2,322 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,762 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,047,955 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,088,124 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $133,327 |
| Payroll taxes | $83,152 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $777,451 |
| Advertising and promotion | $3,221 |
| Office expenses | $244,557 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,283 |
| Travel | $2,940 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $580,564 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $425,669 |
| Insurance | $0 |
| All other expenses | $7,646 |
| Total functional expenses | $3,724,593 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,519,299 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $10,539 |
| Net Land, buildings, and equipment | $4,825,532 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $774,277 |
| Total assets | $21,129,647 |
| Accounts payable and accrued expenses | $665,632 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $20,463,464 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $752,932 |
| Total liabilities | $21,882,028 |
| Net assets without donor restrictions | -$752,381 |
| Net assets with donor restrictions | $0 |
| 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 | $21,129,647 |