American Dream Charter School
- Assets
- $40.5m
- Revenue
- $16.6m
- Investments
- $0.0
- Employees
- 129
- Location
- Bronx, NY
- Founding
- 12/2014
- Data as of
- 06/2023
- EIN
- 46-4377912
Organization Overview
American Dream Charter School is located in Bronx, NY. The organization was established in 2014. 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, American Dream Charter School employed 129 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American 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, American Dream Charter School generated $16.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 23.1% each year . All expenses for the organization totaled $15.8m during the year ending 06/2023. While expenses have increased by 25.0% 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
THE AMERICAN DREAM SCHOOL'S MISSION IS TO DEVELOP ACADEMIC EXCELLENCE IN BOTH SPANISH AND ENGLISH, PREPARING STUDENTS IN GRADES 6-12 TO EXCEL IN COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE 2022-23 SCHOOL YEAR WAS OUR NINTH YEAR OF OPERATION. DURING THIS YEAR, WE SERVED 6TH GRADE WITH 85 STUDENTS, 7TH GRADE WITH 89 STUDENTS, 8TH GRADE WITH 81 STUDENTS, 9TH GRADE WITH 94 STUDENTS, 10TH GRADE WITH 84 STUDENTS, 11TH GRADE WITH 77 STUDENTS, AND 12TH GRADE WITH 74 STUDENTS. OUR MISSION HAS ALWAYS BEEN CENTRAL TO OUR FOCUS AS WE DEVELOP ACADEMIC EXCELLENCE IN BOTH SPANISH AND ENGLISH, PREPARING OUR MIDDLE AND HIGH SCHOOL STUDENTS TO EXCEL IN COLLEGE. IN THE SCHOOL YEAR 2022-23 WE CONTINUED TO CONCENTRATE ON CULTIVATING A HIGHLY QUALIFIED TEACHING STAFF, IMPROVING OUR STUDENT LEARNING OUTCOMES AND FINE-TUNING A SUPPORTIVE SCHOOL ENVIRONMENT. WE CONTINUED TO OPERATE A SUCCESSFUL AFTER-SCHOOL PROGRAM. OUR AFTER-SCHOOL PROGRAM INCLUDED HOMEWORK HELP, SPORTS, SCIENCE OLYMPIAD, GIRLS ON THE RUN TO NAME A FEW. WE CONTINUED OFFERING AFTER SCHOOL PARENT WORKSHOPS AND BUILDING A STRONG COMMUNITY THROUGH REGULAR MONTHLY MEETINGS WITH PARENTS AND THE PRINCIPAL CALLED "CAFECITO CON DA DIRECTORA." DURING THE 2022-23 WE CONTINUED TO PROVIDE EXCEPTIONAL INSTRUCTION, EMOTIONAL SUPPORT, AND FAMILY SUPPORT. ADCS GRADUATED OUR THIRD CLASS ALMOST ALL OF WHOM HAD BEEN ACCEPTED AT A COMMUNITY COLLEGE OR UNIVERSITY. AS PREVIOUSLY INDICATED, OUR MIDDLE SCHOOL CAMPUS COULD NOT ACCOMMODATE THE ADDITIONAL HIGH SCHOOL GRADES. AS A RESULT, ADS IS A SPLIT CAMPUS SCHOOL WITH MIDDLE SCHOOL GRADES CO-LOCATED IN A NYC DOE BUILDING AND HIGH SCHOOL GRADES LOCATED IN PRIVATE, RENTED SPACE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Luz M Rojas Chairman | OfficerTrustee | 10 | $0 |
Zuleika Martinez Secretary | OfficerTrustee | 10 | $0 |
Roselin Espinal Treasurer | OfficerTrustee | 10 | $0 |
Angelo Cabrera Board Member | Trustee | 10 | $0 |
Patricia Simon Board Member | Trustee | 10 | $0 |
Teresa Hernandez Board Member | Trustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Civic Concord Avenue Llc Rent | 6/29/23 | $1,402,272 |
Accounting Solution Of New York Inc Accounting | 6/29/23 | $199,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,908,313 |
| All other contributions, gifts, grants, and similar amounts not included above | $391,425 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,299,738 |
| Total Program Service Revenue | $12,039,203 |
| Investment income | $161,806 |
| 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 | $16,567,275 |
| 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. | $240,185 |
| Compensation of current officers, directors, key employees. | $119,592 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,722,106 |
| Pension plan accruals and contributions | $132,029 |
| Other employee benefits | $676,888 |
| Payroll taxes | $832,429 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,173 |
| Fees for services: Accounting | $217,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $372,948 |
| Advertising and promotion | $121,447 |
| Office expenses | $600,839 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,061,052 |
| 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 | $281,847 |
| Insurance | $106,268 |
| All other expenses | $128,950 |
| Total functional expenses | $15,752,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $588,347 |
| Savings and temporary cash investments | $717,078 |
| Pledges and grants receivable | $1,829,486 |
| 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 | $40,349 |
| Net Land, buildings, and equipment | $518,097 |
| Investments—publicly traded securities | $5,788,930 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $31,061,531 |
| Total assets | $40,543,818 |
| Accounts payable and accrued expenses | $1,260,798 |
| 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 | $32,262,341 |
| Total liabilities | $33,523,139 |
| Net assets without donor restrictions | $7,020,679 |
| Net assets with donor restrictions | $0 |
| 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 | $40,543,818 |