Form 990 for tax year 2023
Filed by BOSTON ADVENTIST DREAM ACADEMY CORPORATION.
Totals
- Total revenue
- $398,163
- Total expenses
- $433,621
- Contributions and grants received
- $219,469
- Grants paid
- $0
- Program service revenue
- $118,444
- Investment income
- $0
- Other revenue
- $60,250
- Total assets, end of year
- $3,064,667
- Total liabilities, end of year
- $855,487
- Net assets or fund balances, end of year
- $2,209,180
- Program services expenses (Part IX)
- $409,863
- Management and general expenses
- $23,758
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $409,863
Program services were 94.5% 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
$219,469
-
2a · Program service revenue: PROGRAM SERVICES
total $118,444 · related or exempt $118,444
-
11a · Other revenue: RENT - COMMERICAL
total $20,200 · excluded $20,200
-
11b · Other revenue: RET - RESIDENTIAL
total $40,050 · excluded $40,050
-
11e · Other revenue, total
$60,250
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $141,826 · program services $141,826
-
9 · Other employee benefits
total $2,330 · program services $2,330
-
10 · Payroll taxes
total $14,017 · program services $14,017
-
11c · Fees: accounting
total $4,887 · program services $4,887
-
11g · Fees: other
total $111 · program services $111
-
13 · Office expenses
total $2,490 · program services $2,490
-
20 · Interest
total $54,530 · program services $54,530
-
22 · Depreciation, depletion and amortization
total $46,243 · program services $46,243
-
23 · Insurance
total $29,237 · program services $29,237
-
24a · Other expenses: SCHOLARSHIP
total $1,920 · program services $1,920
-
24b · Other expenses: TUTORING
total $101,970 · program services $101,970
-
24c · Other expenses: TUITION MANAGEMENT SERVICE
total $1,240 · program services $1,240
-
24d · Other expenses: UTILITIES
total $23,758 · management and general $23,758
-
24e · All other expenses
total $9,062 · program services $9,062
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $57,277 · end of year $52,985
-
9 · Prepaid expenses and deferred charges
end of year $3,293
-
10a · Land, buildings and equipment: cost or other basis
$3,069,471
-
10b · Land, buildings and equipment: accumulated depreciation
$61,082
-
10c · Land, buildings and equipment, net
beginning of year $3,058,472 · end of year $3,008,389
-
23 · Secured mortgages and notes payable
beginning of year $846,322 · end of year $826,209
-
25 · Other liabilities
beginning of year $32,486 · end of year $29,278
-
31 · Retained earnings, endowment or other funds
beginning of year $2,236,941 · end of year $2,209,180
Mission and programs · 2023
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 $409,863 · Revenue $118,444
As filed on the 2023 return.
Listed in Part VII
-
ORLANDO HALL
PRINCIPAL
- Total calculated
- $66,150
- From this org
- $66,150
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
OWENA FARRELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JOHN GALLAGHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BETTY JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DAVID WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
JENKS BRUTUS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MILTON SAMUELS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
STEFFAN REID
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MARVA DURAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
PAULETTE CHANDLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CHERIE JACKSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
RODNEY DURAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ERIC ADAMS
FINANCE CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
OPAL WILLIAMS
CHAIR
- Total calculated
- $0
- Hours/week
- 40
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
- 13 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202521359349314512
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