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← ACHIEVABLE DREAM ENDOWMENT INC

Form 990 for tax year 2022

Filed by ACHIEVABLE DREAM ENDOWMENT INC.

Totals

Total revenue
-$155,104
Total expenses
$1,929,891
Contributions and grants received
$1,607,075
Grants paid
$1,407,857
Program service revenue
$0
Investment income
-$1,767,003
Other revenue
$4,824
Total assets, end of year
$29,008,049
Total liabilities, end of year
$879,017
Net assets or fund balances, end of year
$28,129,032
Program services expenses (Part IX)
$1,623,737
Management and general expenses
$251,479
Fundraising expenses
$54,675
Program service expenses (Part III)
$1,623,737

Program services were 84.1% 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

    $1,607,075

  • 3 · Investment income

    total $661,006 · excluded $661,006

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

    securities $2,428,009

  • 7c · Gain or loss

    securities -$2,428,009

  • 7d · Net gain or loss

    total -$2,428,009 · excluded -$2,428,009

  • 11a · Other revenue: Income from HGI US Property

    total $4,824 · unrelated business $391 · excluded $4,433

  • 11e · Other revenue, total

    $4,824

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,407,857 · program services $1,407,857

  • 7 · Other salaries and wages

    total $321,615 · program services $196,185 · management and general $70,755 · fundraising $54,675

  • 11b · Fees: legal

    total $7,407 · management and general $7,407

  • 11c · Fees: accounting

    total $32,210 · management and general $32,210

  • 11f · Fees: investment management

    total $132,516 · management and general $132,516

  • 13 · Office expenses

    total $19,947 · program services $19,695 · management and general $252

  • 14 · Information technology

    total $6,050 · management and general $6,050

  • 23 · Insurance

    total $1,788 · management and general $1,788

  • 24a · Other expenses: Taxes and licenses

    total $501 · management and general $501

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $923,306 · end of year $1,168,553

  • 2 · Savings and temporary cash investments

    beginning of year $150,138 · end of year $10,226

  • 3 · Pledges and grants receivable

    beginning of year $1,169,314 · end of year $849,585

  • 4 · Accounts receivable

    beginning of year $100,000 · end of year $57,262

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,283 · end of year $1,285

  • 11 · Investments: publicly traded securities

    beginning of year $24,806,390 · end of year $26,767,249

  • 12 · Investments: other securities

    beginning of year $166,161 · end of year $21,466

  • 15 · Other assets

    beginning of year $0 · end of year $132,423

  • 21 · Escrow or custodial account liability

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

  • 25 · Other liabilities

    beginning of year $627,283 · end of year $229,241

  • 27 · Net assets without donor restrictions

    beginning of year $18,064,521 · end of year $19,932,177

  • 28 · Net assets with donor restrictions

    beginning of year $8,028,808 · end of year $8,196,855

Mission and programs · 2022

Mission

An Achievable Dream Endowment's mission is to develop sustainable long-term funding to support the social, academic, and moral needs of current and future generations of students with social risk factors, affording emphasis to An Achievable Dream and organizations who serve a similar population.

Activities or mission (Part I)

Develops sustainable long-term funding to support the social, academic, and moral needs of current and future generations of students with social risk factors, affording emphasis to An Achievable Dream and organizations who serve a similar population.

  • To provide support for programs assisting students with social risk factors.

    Expenses $1,623,737 · Grants $1,407,857

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • ED David

    Secretary/Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Anne Connor

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tim Dykstra

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • William Ermatinger

    Director

    Total calculated
    $0
    Hours/week
    1

  • Marvin Friedberg

    Vice Chairman

    Total calculated
    $0
    Hours/week
    1

  • Gordon Gentry

    Director

    Total calculated
    $0
    Hours/week
    1

  • Aubrey L Lane Jr

    Director

    Total calculated
    $0
    Hours/week
    1

  • Steve Roberts

    Director

    Total calculated
    $0
    Hours/week
    1

  • Lee Vreeland

    CEO

    Total calculated
    $0
    Hours/week
    2

  • Amanda Rose

    CFO

    Total calculated
    $0
    Hours/week
    2

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

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.

  • ADE Investments LLC

    Real estate · VA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ADE Investments of Virginia Inc

    C · Investment · VA · 100% owned

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202421369349315372

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