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Nonprofiteer
← DREAMERS ACADEMY INC

Form 990 for tax year 2023

Filed by DREAMERS ACADEMY INC.

Totals

Total revenue
$6,960,106
Total expenses
$6,032,291
Contributions and grants received
$6,673,991
Grants paid
$0
Program service revenue
$0
Investment income
$161,398
Other revenue
$124,717
Total assets, end of year
$20,828,970
Total liabilities, end of year
$21,360,383
Net assets or fund balances, end of year
-$531,413
Program services expenses (Part IX)
$3,433,945
Management and general expenses
$2,598,346
Fundraising expenses
$0
Program service expenses (Part III)
$3,433,945

Program services were 56.9% 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.

  • 1e · Government grants (contributions)

    $6,168,728

  • 1f · All other contributions, gifts and grants

    $505,263

  • 3 · Investment income

    total $161,398 · excluded $161,398

  • 8a · Fundraising events: gross income

    $925

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $925 · excluded $925

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $123,792 · related or exempt $123,792

  • 11e · Other revenue, total

    $123,792

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $113,326 · program services $95,681 · management and general $17,645

  • 7 · Other salaries and wages

    total $2,381,242 · program services $2,010,605 · management and general $370,637

  • 9 · Other employee benefits

    total $376,890 · program services $198,873 · management and general $178,017

  • 10 · Payroll taxes

    total $181,248 · program services $137,321 · management and general $43,927

  • 11g · Fees: other

    total $515,750 · program services $280,205 · management and general $235,545

  • 12 · Advertising and promotion

    total $6,070 · management and general $6,070

  • 13 · Office expenses

    total $425,950 · program services $339,998 · management and general $85,952

  • 16 · Occupancy

    total $174,057 · management and general $174,057

  • 17 · Travel

    total $7,573 · management and general $7,573

  • 20 · Interest

    total $1,248,000 · management and general $1,248,000

  • 22 · Depreciation, depletion and amortization

    total $187,628 · program services $93,814 · management and general $93,814

  • 24a · Other expenses: TEXTBOOKS

    total $217,605 · program services $217,605

  • 24b · Other expenses: UTILITIES

    total $76,968 · management and general $76,968

  • 24c · Other expenses: OTHER EXPENSES

    total $63,860 · program services $41,506 · management and general $22,354

  • 24d · Other expenses: REPAIRS & MAINTENANCE

    total $37,561 · management and general $37,561

  • 24e · All other expenses

    total $18,563 · program services $18,337 · management and general $226

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,630,942 · end of year $4,726,567

  • 9 · Prepaid expenses and deferred charges

    beginning of year $33,880

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

    $16,520,925

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

    $418,522

  • 10c · Land, buildings and equipment, net

    beginning of year $13,104,362 · end of year $16,102,403

  • 17 · Accounts payable and accrued expenses

    beginning of year $753,020 · end of year $873,062

  • 23 · Secured mortgages and notes payable

    beginning of year $20,475,392 · end of year $20,487,321

  • 27 · Net assets without donor restrictions

    beginning of year -$1,459,228 · end of year -$531,413

Mission and programs · 2023

Mission

DREAMERS ACADEMY DEVELOPS BILINGUAL, BILITERATE, AND CROSS-CULTURAL LEADERS OF CHARACTER WITHIN A CARING ENVIRONMENT THAT ENCOURAGES FAMILY ENGAGEMENT AND CELEBRATES AMERICA.

  • IN 2024, OUR ORGANIZATION MADE SIGNIFICANT STRIDES IN ADVANCING COMMUNITY ENGAGEMENT AND EDUCATIONAL EXCELLENCE. OUR NEW, STATE-OF-THE-ART CAMPUS IN NEWTOWN, SARASOTA, SERVES AS A VIBRANT LEARNING AND COMMUNITY DEVELOPMENT HUB, PROVIDING AN IDEAL ENVIRONMENT FOR OUR PROGRAMS. WE HOSTED SEVERAL IMPACTFUL EVENTS, INCLUDING THE PTC FALL FESTIVAL AND THE STORYBOOK LITERACY PARADE, WHICH CELEBRATED LITERACY AND BROUGHT TOGETHER FAMILIES, EDUCATORS, AND LOCAL RESIDENTS. ADDITIONALLY, OUR EDUCATOR, JOSETTE ORTEGA, WAS HONORED AS THE 2024 SARASOTA COUNTY SCHOOLS INNOVATIVE TEACHER OF THE YEAR, A TESTAMENT TO OUR ORGANIZATION'S HIGH QUALITY OF INSTRUCTION AND COMMITMENT TO INNOVATION. WE ALSO PARTNERED WITH THE PATTERSON FOUNDATION TO HOST DREAMARTE REMAKE LEARNING DAYS, A DYNAMIC EVENT THAT SHOWCASED THE INTERSECTION OF CREATIVITY AND LEARNING. THROUGH THE FAMILIA CONNECT INITIATIVE, WE PROVIDED VALUABLE WORKSHOPS FOR FAMILIES, BUILDING STRONGER CONNECTIONS WITH COMMUNITY PARTNERS AND OFFERING FAMILY LIBRARY NIGHTS TO PROMOTE READING AND LITERACY. OUR LITERACY WEEK CELEBRATION FURTHER UNDERSCORED OUR DEDICATION TO FOSTERING A LOVE OF LEARNING WITHIN THE COMMUNITY. THESE EFFORTS HAVE SERVED HUNDREDS OF FAMILIES AND CHILDREN AND CONTRIBUTED TO A BROADER CULTURAL SHIFT TOWARDS GREATER EDUCATIONAL OPPORTUNITY AND COMMUNITY COLLABORATION. WHILE SOME OF OUR ACHIEVEMENTS ARE MEASURABLE, THE LONG-TERM IMPACT OF THESE INITIATIVES--SUCH AS STRENGTHENED COMMUNITY TIES, INCREASED FAMILY ENGAGEMENT, AND ENHANCED EDUCATIONAL OUTCOMES--REMAINS IMMEASURABLE BUT DEEPLY FELT ACROSS SARASOTA.

    Expenses $3,433,945 · Revenue $123,792

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

Listed in Part VII

  • THOMAS CHAFFEE

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    20

  • AYLETTE FIGUEREDO

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • DAN KENNEDY

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • HUMBERTO ALVIA

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • KAVEECIA MOORE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR CATHERINE RODRIGUEZ

    HEAD OF SCHOOL

    Total calculated
    $100,888
    From this org
    $100,888
    From related orgs
    $0
    Other
    $0
    Hours/week
    55

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
2023
Filed
14 February 2025
IRS schema version
2023v6.0
Source object
202500459349301735

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