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← ACHIEVABLE DREAM ENDOWMENT INC

Form 990 for tax year 2023

Filed by ACHIEVABLE DREAM ENDOWMENT INC.

Totals

Total revenue
$1,187,241
Total expenses
$2,388,311
Contributions and grants received
$418,562
Grants paid
$1,704,834
Program service revenue
$0
Investment income
$768,994
Other revenue
-$315
Total assets, end of year
$31,099,588
Total liabilities, end of year
$1,418,216
Net assets or fund balances, end of year
$29,681,372
Program services expenses (Part IX)
$1,924,906
Management and general expenses
$404,885
Fundraising expenses
$58,520
Program service expenses (Part III)
$1,924,906

Program services were 80.6% 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

    $418,562

  • 3 · Investment income

    total $739,966 · excluded $739,966

  • 7a · Gross sales of assets other than inventory

    securities $29,028

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

    securities $0

  • 7c · Gain or loss

    securities $29,028

  • 7d · Net gain or loss

    total $29,028 · excluded $29,028

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

    total -$315 · unrelated business -$81 · excluded -$234

  • 11e · Other revenue, total

    -$315

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,704,834 · program services $1,704,834

  • 7 · Other salaries and wages

    total $430,313 · program services $209,985 · management and general $161,808 · fundraising $58,520

  • 11b · Fees: legal

    total $6,135 · management and general $6,135

  • 11c · Fees: accounting

    total $70,098 · management and general $70,098

  • 11f · Fees: investment management

    total $147,771 · management and general $147,771

  • 13 · Office expenses

    total $12,392 · program services $10,087 · management and general $2,305

  • 14 · Information technology

    total $14,673 · management and general $14,673

  • 23 · Insurance

    total $1,804 · management and general $1,804

  • 24a · Other expenses: Taxes and Licenses

    total $291 · management and general $291

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,168,553 · end of year $1,835

  • 2 · Savings and temporary cash investments

    beginning of year $10,226 · end of year $10,228

  • 3 · Pledges and grants receivable

    beginning of year $849,585 · end of year $608,738

  • 4 · Accounts receivable

    beginning of year $57,262

  • 9 · Prepaid expenses and deferred charges

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

  • 11 · Investments: publicly traded securities

    beginning of year $26,767,249 · end of year $28,109,714

  • 12 · Investments: other securities

    beginning of year $21,466 · end of year $20,300

  • 15 · Other assets

    beginning of year $132,423 · end of year $2,347,490

  • 17 · Accounts payable and accrued expenses

    end of year $43,501

  • 21 · Escrow or custodial account liability

    beginning of year $649,776

  • 25 · Other liabilities

    beginning of year $229,241 · end of year $1,374,715

  • 27 · Net assets without donor restrictions

    beginning of year $19,932,177 · end of year $18,944,328

  • 28 · Net assets with donor restrictions

    beginning of year $8,196,855 · end of year $10,737,044

Mission and programs · 2023

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 $1,924,906 · Grants $1,704,834

As filed on the 2023 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 Conner

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tim Dykstra

    Chair

    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 Layne Jr

    Director

    Total calculated
    $0
    Hours/week
    1

  • Steve Roberts

    Director

    Total calculated
    $0
    Hours/week
    1

  • Bill Downey

    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

The 10 largest by cash amount. The API serves every itemized grant.

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
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202501349349309735

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