Form 990 for tax year 2024
Filed by BOSTON ADVENTIST DREAM ACADEMY CORPORATION.
Totals
- Total revenue
- $324,909
- Total expenses
- $511,646
- Contributions and grants received
- $142,944
- Grants paid
- $0
- Program service revenue
- $134,765
- Investment income
- $0
- Other revenue
- $47,200
- Total assets, end of year
- $2,920,173
- Total liabilities, end of year
- $898,117
- Net assets or fund balances, end of year
- $2,022,056
- Program services expenses (Part IX)
- $501,906
- Management and general expenses
- $9,740
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $501,906
Program services were 98.1% 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.
-
1f · All other contributions, gifts and grants
$142,944
-
2a · Program service revenue: PROGRAM SERVICES
total $134,765 · related or exempt $134,765
-
8c · Net income from fundraising events
total $0
-
11a · Other revenue: RENT - COMMERICAL
total $7,300 · related or exempt $7,300
-
11b · Other revenue: RET - RESIDENTIAL
total $39,900 · related or exempt $39,900
-
11e · Other revenue, total
$47,200
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $66,150 · program services $66,150
-
7 · Other salaries and wages
total $81,030 · program services $81,030
-
9 · Other employee benefits
total $2,400 · program services $2,400
-
10 · Payroll taxes
total $13,529 · program services $13,529
-
11c · Fees: accounting
total $7,200 · management and general $7,200
-
13 · Office expenses
total $1,874 · management and general $1,874
-
16 · Occupancy
total $47,747 · program services $47,747
-
20 · Interest
total $53,406 · program services $53,406
-
22 · Depreciation, depletion and amortization
total $92,486 · program services $92,486
-
23 · Insurance
total $29,024 · program services $29,024
-
24a · Other expenses: BANK CHARGES
total $666 · management and general $666
-
24b · Other expenses: TUITION & CURRICULUM
total $113,484 · program services $113,484
-
24c · Other expenses: TUITION MANAGEMENT SERVICE
total $2,650 · program services $2,650
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $52,985 · end of year $651
-
9 · Prepaid expenses and deferred charges
beginning of year $3,293 · end of year $3,619
-
10a · Land, buildings and equipment: cost or other basis
$3,069,471
-
10b · Land, buildings and equipment: accumulated depreciation
$153,568
-
10c · Land, buildings and equipment, net
beginning of year $3,008,389 · end of year $2,915,903
-
17 · Accounts payable and accrued expenses
end of year $60,555
-
23 · Secured mortgages and notes payable
beginning of year $826,209 · end of year $810,590
-
25 · Other liabilities
beginning of year $29,278 · end of year $26,972
-
27 · Net assets without donor restrictions
beginning of year -$35,458
-
28 · Net assets with donor restrictions
beginning of year $2,244,638 · end of year $2,022,056
Mission and programs · 2024
Mission
THE PLANNED ACTIVITES OF THE BOSTON DREAM ACADEMY IS TO NURTURE THE INTELLECTUAL CURIOSITY OF HIGH SCHOOL STUDENTS AND TO CULTIVATE THEIR DEDICATION TO SERVICE THROUGH PREPARATORY CURRICULUM WITHIN A SUPPORTIVE COLLABORATIVE COMMUNITY.
-
THIS IS THE TENTH YEAR OF OPERATION. WE CONTINUED TO HAVE A SUCCESSFUL SCHOOL YEAR IN DEVELOPING STUDENTS, NOT ONLY IN OUR ACADEMICS, BUT IN BEING FULLY ROUNDED STUDENTS AND INDIVIDUALS.
Expenses $501,906 · Revenue $134,765
As filed on the 2024 return.
Listed in Part VII
-
Orlando HallORLANDO HALL
PRINCIPAL
- Total calculated
- $66,150
- From this org
- $66,150
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Paulette ChandlerPAULETTE CHANDLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Marva DurandMARVA DURAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rodney DurandRODNEY DURAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cherie JacksonCHERIE JACKSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Steffan ReidSTEFFAN REID
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Betty JohnsonBETTY JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John GallagherJOHN GALLAGHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Owena FarrellOWENA FARRELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Milton SamuelsMILTON SAMUELS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jenks BrutusJENKS BRUTUS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David WilliamsDAVID WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Opal WilliamsOPAL WILLIAMS
CHAIR
- Total calculated
- $0
- Hours/week
- 40
-
Eric AdamsERIC ADAMS
FINANCE CHAIR
- Total calculated
- $0
- Hours/week
- 5
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 15 May 2026
- IRS schema version
- 2024v5.2
- Source object
- 202611359349315991
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