Dream Charter School is located in New York, NY. The organization was established in 2008. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Dream Charter School employed 368 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dream Charter School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Dream Charter School generated $42.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 20.4% each year . All expenses for the organization totaled $45.1m during the year ending 06/2023. While expenses have increased by 21.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
DREAM PREPARES STUDENTS FOR HIGH-PERFORMING HIGH SCHOOLS, COLLEGES AND BEYOND THROUGH A RIGOROUS ACADEMIC PROGRAM THAT DEVELOPS CRITICAL THINKERS WHO DEMONSTRATE A LOVE OF LEARNING, STRONG CHARACTER, & A COMMITMENT TO WELLNESS & ACTIVE CITIZENSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELEMENTARY SCHOOL: ELEMENTARY SCHOOLS FOUNDED IN 2008, DREAM CHARTER SCHOOL IS A MODEL LEARNING COMMUNITY WITH HIGH EXPECTATIONS, A STRONG CULTURE OF CARE, AND A VISION OF STUDENT SUCCESS AND EXCELLENCE. WE ACHIEVE OUR MISSION THROUGH A SUPPORTIVE, INCLUSIVE, AND RIGOROUS APPROACH. ELEMENTARY SCHOLARS IN GRADES K-5 RECEIVE EXTENSIVE SUPPORT WITH TWO TEACHERS IN EVERY CLASSROOM SO THAT SCHOLARS AT ALL LEVELS ARE ABLE TO LEARN AND THRIVE IN A POSITIVE ENVIRONMENT. OUR ELEMENTARY SCHOOL CURRICULUM RANGES FROM LITERACY AND MATH TO THE ARTS AND PHYSICAL EDUCATION. SCHOLARS ALSO HAVE ACCESS TO DREAM'S AWARD-WINNING AFTER-SCHOOL PROGRAM CALLED "REAL KIDS," WHICH EMPHASIZES LITERACY.MIDDLE SCHOOL: OUR MIDDLE SCHOOLS SERVE SCHOLARS IN GRADES 6-8. IN FALL 2021, DREAM OPENED ITS NEWEST MIDDLE SCHOOL IN THE MOTT HAVEN SECTION OF THE BRONX. USING A WHOLE CHILD APPROACH AND CONSTRUCTIVIST CURRICULUM, OUR MIDDLE SCHOOLS PREPARE STUDENTS FOR HIGH PERFORMING HIGH SCHOOLS. SCHOLARS STUDY THE FUNDAMENTALS OF MATH, SCIENCE, SOCIAL STUDIES, ENGLISH LANGUAGE ARTS, AND PHYSICAL EDUCATION. SCHOLARS ALSO PARTICIPATE IN TWO ELECTIVES: ART AND MUSIC. OUR MIDDLE SCHOOL OFFERS A VARIETY OF ACADEMIC AND EXTRACURRICULAR OPPORTUNITIES. MIDDLE SCHOOL SCHOLARS ARE ABLE TO PARTICIPATE IN DREAMBUILDERS, AN OPTIONAL AFTER-SCHOOL ENRICHMENT PROGRAM WHICH INVOLVES ACADEMIC SUPPORT, TEAM BUILDING ACTIVITIES, SERVICE-LEARNING PROJECTS, AND HEALTH AND WELLNESS ACTIVITIES. DREAM OPERATES ON AN EXTENDED DAY MODEL TO ENSURE STUDENTS HAVE ENOUGH OPPORTUNITIES TO GROW. WE ALSO HAVE A LONGER YEAR, ENABLING MIDDLE SCHOOL STUDENTS TO ATTEND A HIGH-QUALITY SUMMER PROGRAM, SUCH AS DREAM'S SUMMER PROGRAM, SO THAT KIDS CONTINUE TO SUCCEED THROUGHOUT THE YEAR AND AVOID SUMMER LEARNING LOSS. HIGH SCHOOL: DREAM CHARTER HIGH SCHOOL PREPARES STUDENTS TO GRADUATE COLLEGE-READY, WITH STRONG SKILLS IN READING, WRITING, AND SPEAKING. WE SERVE APPROXIMATELY 400 SCHOLARS IN GRADES 9-12. THE HIGH SCHOOL CURRICULUM PREPARES STUDENTS FOR COLLEGE AND BEYOND BY DEVELOPING CRITICAL LITERACY SKILLS NEEDED FOR THEIR SUCCESS AS PROFESSIONALS AND AS AGENTS OF SOCIAL CHANGE. THROUGHOUT THEIR TIME AT DREAM, STUDENTS ASSEMBLE A PORTFOLIO OF COLLEGE-LEVEL PERFORMANCE ASSESSMENTS. THIS PORTFOLIO IS REPRESENTATIVE OF STUDENTS' ABILITY TO LEARN, APPLY, AND REFLECT ACROSS ALL DISCIPLINES. IN ADDITION TO ACADEMICS, DREAM CHARTER HIGH SCHOOL STUDENTS CAN PARTICIPATE IN AFTER-SCHOOL ACTIVITIES AND SPORTS SUCH AS DEBATE CLUB, BASKETBALL, AND STUDENT GOVERNMENT.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ashish Doshi Chairman | OfficerTrustee | 1 | $0 |
Don Sawyer III Trustee | Trustee | 1 | $0 |
Jonathan E Schmerin Treasurer | OfficerTrustee | 1 | $0 |
Jonathan Gyurko Secretary (outgoing) | OfficerTrustee | 1 | $0 |
Michele Joerg Vice Chair & Secretary | OfficerTrustee | 1 | $0 |
Peter Daneker Trustee | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Red Rabbit School Food Service | 6/29/22 | $698,352 |
Lavinia Group Llc School Professional Coaching | 6/29/22 | $127,300 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $9,969,453 |
All other contributions, gifts, grants, and similar amounts not included above | $3,026,028 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $12,995,481 |
Total Program Service Revenue | $29,020,547 |
Investment income | $138,110 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $42,205,725 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $17,603,333 |
Pension plan accruals and contributions | $182,688 |
Other employee benefits | $2,128,504 |
Payroll taxes | $1,510,936 |
Fees for services: Management | $5,036,990 |
Fees for services: Legal | $13,411 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $6,595,235 |
Advertising and promotion | $250,391 |
Office expenses | $728,894 |
Information technology | $1,507 |
Royalties | $0 |
Occupancy | $9,059,721 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $5,379 |
Insurance | $163,033 |
All other expenses | $131,336 |
Total functional expenses | $45,087,328 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $6,794,052 |
Pledges and grants receivable | $1,230,495 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $224,583 |
Net Land, buildings, and equipment | $1,562,080 |
Investments—publicly traded securities | $2,439,941 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $175,094,988 |
Total assets | $187,346,139 |
Accounts payable and accrued expenses | $761,254 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $180,467,079 |
Total liabilities | $181,228,333 |
Net assets without donor restrictions | $6,019,767 |
Net assets with donor restrictions | $98,039 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $187,346,139 |