African Dream Academy Foundation Incorporated
- Assets
- $334.2k
- Revenue
- $633.9k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 11/2007
- Data as of
- 12/2021
- EIN
- 33-1162803
Organization Overview
African Dream Academy Foundation Incorporated is located in New York, NY. The organization was established in 2007. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. African Dream Academy Foundation Incorporated 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 12/2021, African Dream Academy Foundation Incorporated generated $633.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $504.3k during the year ending 12/2021. While expenses have increased by 9.8% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT FOR A SCHOOL THAT EDUCATES, TRAINS AND PROVIDES COUNSELING AND GUIDANCE TO UNDERPRIVILEGED CHILDREN FROM NURSING SCHOOL TO HIGH SCHOOL, AND PROVIDE SUPPORT FOR A FREE CHILDREN'S HEALTH CLINIC, BOTH LOCATED IN LIBERIA, WEST AFRICA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING ON-GOING SUPPORT TO AFRICAN DREAM ACADEMY OF LIBERIA WHICH OWNS AND OPERATES A SCHOOL AND A CLINIC IN MONROVIA, LIBERIA, WEST AFRICA WHOSE GOAL IS TO REDUCE POVERTY AND FOSTER SUSTAINABLE DEVELOPMENT BY EMPOWERING AFRICAN CHILDREN THROUGH EDUCATION AND IMPROVED HEALTH.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gracey Stoddard Vice President | OfficerTrustee | 20 | $0 |
Lydia Spinelli President | OfficerTrustee | 10 | $0 |
Heidi R Leiser Vice President | OfficerTrustee | 10 | $0 |
Richard D Rippe Treasurer | OfficerTrustee | 2 | $0 |
Rev Thomas Smith Secretary | OfficerTrustee | 2 | $0 |
Rev Samuel R Enders Founder & Executive Director | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $633,909 |
| Noncash contributions included in lines 1a–1f | $134,883 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $633,909 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $633,909 |
| 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 | $436,495 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,256 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $15,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,200 |
| Office expenses | $12,294 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $3,041 |
| All other expenses | $0 |
| Total functional expenses | $504,326 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $330,211 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,386 |
| 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 | $1,621 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $334,218 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $246,718 |
| Net assets with donor restrictions | $87,500 |
| 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 | $334,218 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that African Dream Academy Foundation Incorporated has recieved totaling $84,517.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $49,504 |
Schwab Charitable Fund San Francisco, CA PURPOSE: INTERNATIONAL, FOREIGN AFFAIRS | $11,500 |
The H Hovnanian Family Foundation Tinton Falls, NJ PURPOSE: UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. | $10,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $6,428 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $4,947 |
Stephen C Freidheim Foundation Inc Simpson Thacher & Bartlett Llp Florham Park, NJ PURPOSE: GENERAL EXEMPT PURPOSE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central European University New York, NY | $577,160,061 | $72,058,098 |
Oxfam-America Inc Boston, MA | $98,567,095 | $108,365,278 |
Helen Keller International New York, NY | $112,029,852 | $121,068,878 |
Action Against Hunger Usa New York, NY | $114,998,583 | $117,737,270 |
Jewish National Fund -Keren Kayemeth Leisrael- Inc New York, NY | $532,275,365 | $140,855,420 |
Concern Worldwide U S Inc New York, NY | $28,102,900 | $75,183,447 |
Brac Usa Inc New York, NY | $39,074,186 | $26,089,482 |
American Society For Technion- Israel Institute Of Technology Inc New York, NY | $552,165,498 | $74,453,195 |
The American College Of Greece Boston, MA | $67,377,188 | $58,892,639 |
King Baudouin Foundation United States Inc New York, NY | $71,313,887 | $81,640,878 |
World Education Inc Boston, MA | $10,873,421 | $51,800,410 |
Citihope International Inc Margaretsville, NY | $17,709,063 | $34,849,219 |