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Nonprofiteer
← AMERICAN DREAM CHARTER SCHOOL

Form 990 for tax year 2023

Filed by AMERICAN DREAM CHARTER SCHOOL.

Totals

Total revenue
$16,574,740
Total expenses
$17,985,166
Contributions and grants received
$4,137,111
Grants paid
$0
Program service revenue
$12,111,237
Investment income
$260,089
Other revenue
$66,303
Total assets, end of year
$38,696,600
Total liabilities, end of year
$33,075,431
Net assets or fund balances, end of year
$5,621,169
Program services expenses (Part IX)
$14,512,077
Management and general expenses
$3,444,904
Fundraising expenses
$28,185
Program service expenses (Part III)
$14,512,077

Program services were 80.7% 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.

  • 1e · Government grants (contributions)

    $3,787,580

  • 1f · All other contributions, gifts and grants

    $349,531

  • 2a · Program service revenue: RESIDENT STUDENT ENROLLMENT

    total $12,111,237 · related or exempt $12,111,237

  • 3 · Investment income

    total $260,089 · excluded $260,089

  • 11a · Other revenue: OTHER REVENUE

    total $66,303 · excluded $66,303

  • 11e · Other revenue, total

    $66,303

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $263,160 · program services $137,580 · management and general $125,580

  • 7 · Other salaries and wages

    total $9,876,334 · program services $7,975,524 · management and general $1,887,920 · fundraising $12,890

  • 8 · Pension plan contributions

    total $173,497 · program services $138,823 · management and general $34,453 · fundraising $221

  • 9 · Other employee benefits

    total $705,494 · program services $564,500 · management and general $140,097 · fundraising $897

  • 10 · Payroll taxes

    total $967,102 · program services $773,826 · management and general $192,047 · fundraising $1,229

  • 11b · Fees: legal

    total $67,832 · management and general $67,832

  • 11c · Fees: accounting

    total $235,459 · management and general $235,459

  • 11g · Fees: other

    total $370,217 · program services $318,462 · management and general $38,807 · fundraising $12,948

  • 12 · Advertising and promotion

    total $131,320 · program services $131,320

  • 13 · Office expenses

    total $595,902 · program services $476,810 · management and general $119,092

  • 16 · Occupancy

    total $2,055,781 · program services $1,644,931 · management and general $410,850

  • 22 · Depreciation, depletion and amortization

    total $280,161 · program services $224,171 · management and general $55,990

  • 23 · Insurance

    total $111,865 · program services $89,508 · management and general $22,357

  • 24a · Other expenses: STUDENT SERVICES

    total $1,346,157 · program services $1,346,157

  • 24b · Other expenses: STUDENT & STAFF REC. FEES

    total $262,441 · program services $229,856 · management and general $32,585

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $244,517 · program services $195,650 · management and general $48,867

  • 24d · Other expenses: BOARD & STAFF DEVELOPMENT

    total $205,176 · program services $175,887 · management and general $29,289

  • 24e · All other expenses

    total $92,751 · program services $89,072 · management and general $3,679

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $588,347 · end of year $424,304

  • 2 · Savings and temporary cash investments

    beginning of year $717,078 · end of year $407,828

  • 3 · Pledges and grants receivable

    beginning of year $1,829,486 · end of year $936,653

  • 9 · Prepaid expenses and deferred charges

    beginning of year $40,349 · end of year $35,222

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

    $2,002,852

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

    $1,673,440

  • 10c · Land, buildings and equipment, net

    beginning of year $518,097 · end of year $329,412

  • 11 · Investments: publicly traded securities

    beginning of year $5,788,930 · end of year $5,865,243

  • 15 · Other assets

    beginning of year $31,061,531 · end of year $30,697,938

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,260,798 · end of year $1,224,658

  • 25 · Other liabilities

    beginning of year $32,262,341 · end of year $31,850,773

  • 27 · Net assets without donor restrictions

    beginning of year $7,020,679 · end of year $5,621,169

Mission and programs · 2023

Mission

THE AMERICAN DREAM SCHOOL'S MISSION IS TO DEVELOP ACADEMIC EXCELLENCE IN BOTH SPANISH AND ENGLISH, PREPARING STUDENTS IN GRADES 6-12 TO EXCEL IN COLLEGE.

  • THE 2023-24 SCHOOL YEAR MARKED OUR TENTH YEAR OF OPERATION. DURING THIS YEAR, WE SERVED THE FOLLOWING GRADES AND STUDENT POPULATIONS: 6TH GRADE: 86 STUDENTS 7TH GRADE: 80 STUDENTS 8TH GRADE: 86 STUDENTS 9TH GRADE: 93 STUDENTS 10TH GRADE: 86 STUDENTS 11TH GRADE: 72 STUDENTS 12TH GRADE: 71 STUDENTS OUR MISSION CONTINUES TO GUIDE EVERY ASPECT OF OUR WORK AS WE STRIVE TO DEVELOP ACADEMIC EXCELLENCE IN BOTH SPANISH AND ENGLISH, PREPARING OUR MIDDLE AND HIGH SCHOOL STUDENTS TO EXCEL IN COLLEGE. DURING THE 2023-24 SCHOOL YEAR, WE FOCUSED ON RECRUITING AND RETAINING A HIGHLY QUALIFIED TEACHING STAFF, FURTHER IMPROVING STUDENT LEARNING OUTCOMES, AND FOSTERING A SUPPORTIVE AND INCLUSIVE SCHOOL ENVIRONMENT. WE OPERATED A THRIVING AFTER-SCHOOL PROGRAM, OFFERING STUDENTS A VARIETY OF ENRICHMENT ACTIVITIES, INCLUDING HOMEWORK HELP, SPORTS, SCIENCE OLYMPIAD, AND GIRLS ON THE RUN, AMONG OTHERS. WE ALSO EXPANDED OPPORTUNITIES FOR PARENT ENGAGEMENT, CONTINUING AFTER-SCHOOL PARENT WORKSHOPS AND HOSTING MONTHLY "CAFECITO CON LA DIRECTORA" MEETINGS TO STRENGTHEN OUR SCHOOL COMMUNITY AND ENSURE OPEN COMMUNICATION. THROUGHOUT THE 2023-24 SCHOOL YEAR, WE REMAINED COMMITTED TO PROVIDING EXCEPTIONAL INSTRUCTION, EMOTIONAL SUPPORT, AND FAMILY ENGAGEMENT. OUR HIGH SCHOOL GRADUATED ITS FOURTH SENIOR CLASS, THE MAJORITY OF WHOM WERE ACCEPTED TO A COMMUNITY COLLEGE OR UNIVERSITY. THIS ACCOMPLISHMENT REFLECTS THE HARD WORK OF OUR STUDENTS, FAMILIES, AND STAFF. AS IN PREVIOUS YEARS, OUR MIDDLE SCHOOL CAMPUS COULD NOT ACCOMMODATE THE ADDITIONAL HIGH SCHOOL GRADES. CONSEQUENTLY, ADCS CONTINUES TO OPERATE AS A SPLIT-CAMPUS SCHOOL, WITH MIDDLE SCHOOL GRADES CO-LOCATED IN A NYC DOE BUILDING AND HIGH SCHOOL GRADES HOUSED IN PRIVATE, RENTED SPACE. THIS ARRANGEMENT ENSURES THAT WE CAN MEET THE NEEDS OF OUR STUDENTS WHILE CONTINUING TO DELIVER ON OUR MISSION.

    Expenses $14,512,077

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Luz M Rojas

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    10

  • Zuleika Martinez

    SECRETARY

    Total calculated
    $0
    Hours/week
    10

  • Roselin Espinal

    TREASURER

    Total calculated
    $0
    Hours/week
    10

  • Angelo Cabrera

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10

  • Patricia Simon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10

  • Melissa Melkonian

    PRINCIPAL

    Total calculated
    $271,838
    From this org
    $263,160
    From related orgs
    $0
    Other
    $8,678
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $263,160
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $8,678 related
    Filer's total
    $263,160 + $8,678 related

  • Nicholas Gallagher

    CHIEF OF STA

    Total calculated
    $213,556
    From this org
    $190,500
    From related orgs
    $0
    Other
    $23,056
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $190,500
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $23,056 related
    Filer's total
    $190,500 + $23,056 related

  • Beatriz Banuelos

    MIDDLE SCHOO

    Total calculated
    $205,672
    From this org
    $191,289
    From related orgs
    $0
    Other
    $14,383
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $191,289
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $14,383 related
    Filer's total
    $191,289 + $14,383 related

  • Gregorio Miranda

    HIGH SCHOOL

    Total calculated
    $180,850
    From this org
    $150,325
    From related orgs
    $0
    Other
    $30,525
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,325
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $30,525 related
    Filer's total
    $150,325 + $30,525 related

  • Jesus A Garcia

    HIGH SCHOOL

    Total calculated
    $181,145
    From this org
    $172,586
    From related orgs
    $0
    Other
    $8,559
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,586
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $8,559 related
    Filer's total
    $172,586 + $8,559 related

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

None.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
8 January 2025
IRS schema version
2023v6.0
Source object
202510189349300706

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