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Nonprofiteer
← AN ACHIEVABLE DREAM INC

Form 990 for tax year 2022

Filed by AN ACHIEVABLE DREAM INC.

Totals

Total revenue
$858,461
Total expenses
$1,709,983
Contributions and grants received
$1,090,998
Grants paid
$0
Program service revenue
$0
Investment income
-$41,369
Other revenue
-$191,168
Total assets, end of year
$5,776,454
Total liabilities, end of year
$3,592,732
Net assets or fund balances, end of year
$2,183,722
Program services expenses (Part IX)
$1,195,247
Management and general expenses
$262,168
Fundraising expenses
$252,568
Program service expenses (Part III)
$1,195,247

Program services were 69.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $482,893

  • 1f · All other contributions, gifts and grants

    $608,105

  • 3 · Investment income

    total $16,418 · excluded $16,418

  • 7b · Less cost or other basis and sales expenses

    securities $57,787

  • 7c · Gain or loss

    securities -$57,787

  • 7d · Net gain or loss

    total -$57,787 · excluded -$57,787

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $482,893

  • 8b · Fundraising events: direct expenses

    $191,168

  • 8c · Net income from fundraising events

    total -$191,168 · excluded -$191,168

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $280,380 · program services $163,529 · management and general $60,933 · fundraising $55,918

  • 7 · Other salaries and wages

    total $462,141 · program services $446,337 · management and general $13,222 · fundraising $2,582

  • 8 · Pension plan contributions

    total $9,853 · program services $7,868 · management and general $567 · fundraising $1,418

  • 9 · Other employee benefits

    total $33,803 · program services $19,532 · management and general $14,271

  • 10 · Payroll taxes

    total $111,297 · program services $58,021 · management and general $5,405 · fundraising $47,871

  • 11a · Fees: management

    total $10,299 · management and general $10,299

  • 11b · Fees: legal

    total $1,669 · management and general $1,669

  • 11c · Fees: accounting

    total $22,822 · management and general $22,822

  • 11f · Fees: investment management

    total $3,272 · management and general $3,272

  • 11g · Fees: other

    total $35,200 · fundraising $35,200

  • 12 · Advertising and promotion

    total $18,774 · fundraising $18,774

  • 13 · Office expenses

    total $26,532 · program services $7,890 · management and general $9,565 · fundraising $9,077

  • 14 · Information technology

    total $79,305 · management and general $16,945 · fundraising $62,360

  • 16 · Occupancy

    total $84,093 · management and general $84,093

  • 17 · Travel

    total $3,907 · management and general $886 · fundraising $3,021

  • 19 · Conferences, conventions and meetings

    total $18,219 · management and general $18,219

  • 20 · Interest

    total $78,911 · program services $78,911

  • 22 · Depreciation, depletion and amortization

    total $23,078 · program services $23,078

  • 23 · Insurance

    total $21,145 · program services $21,145

  • 24a · Other expenses: SCHOOL BASED PROGRAMS

    total $133,797 · program services $133,797

  • 24b · Other expenses: UNIFORMS

    total $93,472 · program services $93,472

  • 24c · Other expenses: COST SHARING AGREEMENT

    total $75,000 · program services $75,000

  • 24d · Other expenses: FOOD AND SNACKS

    total $35,661 · program services $35,661

  • 24e · All other expenses

    total $47,353 · program services $31,006 · fundraising $16,347

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $403,603 · end of year $23,430

  • 2 · Savings and temporary cash investments

    beginning of year $94,664 · end of year $61,185

  • 3 · Pledges and grants receivable

    beginning of year $4,745,928 · end of year $3,241,638

  • 4 · Accounts receivable

    beginning of year $16,917 · end of year $99,456

  • 8 · Inventories for sale or use

    beginning of year $3,237 · end of year $3,237

  • 9 · Prepaid expenses and deferred charges

    beginning of year $106,265 · end of year $74,523

  • 10a · Land, buildings and equipment: cost or other basis

    $192,960

  • 10b · Land, buildings and equipment: accumulated depreciation

    $92,616

  • 10c · Land, buildings and equipment, net

    beginning of year $93,525 · end of year $100,344

  • 11 · Investments: publicly traded securities

    beginning of year $595,980 · end of year $649,776

  • 15 · Other assets

    beginning of year $365,841 · end of year $1,522,865

  • 17 · Accounts payable and accrued expenses

    beginning of year $58,068 · end of year $56,992

  • 19 · Deferred revenue

    beginning of year $12,000

  • 23 · Secured mortgages and notes payable

    beginning of year $3,299,492 · end of year $2,517,626

  • 25 · Other liabilities

    beginning of year $7,663 · end of year $1,018,114

  • 27 · Net assets without donor restrictions

    beginning of year -$1,637,419 · end of year -$973,866

  • 28 · Net assets with donor restrictions

    beginning of year $4,686,156 · end of year $3,157,588

Mission and programs · 2022

Mission

AN ACHIEVABLE DREAM DEVELOPS INDEPENDENT, PRODUCTIVE CITIZENS THROUGH A SOCIAL, ACADEMIC, AND MORAL EDUCATION.

  • THE PURPOSE OF THE PROGRAM IS TO HELP UNDERSERVED CHILDREN BY PROVIDING A SOLID ACADEMIC AND PERSONAL FOUNDATION FOR SUCCESS. APPROXIMATELY 580 STUDENTS IN GRADES K-5 WERE SERVED DURING THE 2022/2023 SCHOOL YEAR.

    Expenses $1,195,247

As filed on the 2022 return.

Listed in Part VII

  • DEENA LEE VREELAND

    PRESIDENT/CEO

    Total calculated
    $153,694
    From this org
    $147,640
    From related orgs
    $0
    Other
    $6,054
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,640
    Bonus
    $0
    Other
    $0
    Deferred
    $6,054
    Nontaxable benefits
    $0
    Filer's total
    $153,694

  • MARI ANN BANKS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ELIZABETH DAVID

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM DOWNEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • IVAN HUTCHINSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KEIRA LOMBARDO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NANCY L LEVIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PAUL MUSE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MATT NEEDY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRIAN K SKINNER

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MARIO J STELLUTE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KELLY TILL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DWIGHT WEST

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • AMANDA ROSE

    CFO/DIRECTOR OF FINANCE

    Total calculated
    $111,305
    From this org
    $107,058
    From related orgs
    $0
    Other
    $4,247
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • ADM & HS LLC

    SCHOOL RENOVATION/EXPANSION · VA · income $30,000 · assets $2,848,385

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202421369349302977

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