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 06/2022, American Dream Charter School employed 94 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 06/2022, American Dream Charter School generated $14.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.3% each year . All expenses for the organization totaled $14.1m during the year ending 06/2022. While expenses have increased by 27.0% 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
2022
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 2021-22 SCHOOL YEAR WAS OUR EIGHTH YEAR OF OPERATION. DURING THIS YEAR, WE SERVED 6TH GRADE WITH 84 STUDENTS, 7TH GRADE WITH 81 STUDENTS, 8TH GRADE WITH 89 STUDENTS, 9TH GRADE WITH 92 STUDENTS, 10TH GRADE WITH 82 STUDENTS, 11TH GRADE WITH 80 STUDENTS, AND 12TH GRADE WITH 79 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 2021-22 WE CONCENTRATED ON CULTIVATING A HIGHLY QUALIFIED TEACHING STAFF, IMPROVING OUR STUDENT LEARNING OUTCOMES AND FINE-TUNING A SUPPORTIVE SCHOOL ENVIRONMENT. WE RETURNED TO OPERATING A SUCCESSFUL AFTER-SCHOOL PROGRAM THAT WAS INTERRUPTED BY THE COVID-19 PANDEMIC. OUR AFTER-SCHOOL PROGRAM INCLUDED HOMEWORK HELP, ROBOTICS, MUSIC, SOCCER, SCIENCE OLYMPIAD, GIRLS ON THE RUN, CHESS, AND AN AWARD-WINNING DEBATE TEAM. 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." THE 2021-2022 SCHOOL YEAR BEGAN FULLY IN PERSON. WE RETURNED TO TRADITIONAL ROUTINES AND PROVIDE EXCEPTIONAL INSTRUCTION, EMOTIONAL SUPPORT, AND FAMILY SUPPORT. ADCS GRADUATED OUR SECOND 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. IN THE SUMMER OF 2020 OUR HIGH SCHOOL MOVED FROM A TEMPORARLY SPACE INTO A PERMANENT BUILDING WHERE WE SIGNED A LONG TERM LEASE. THIS LOCATION IS ALSO IN CLOSE PROXIMITY TO OUR MIDDLE SCHOOL CAMPUS WITHIN WALKING DISTANCE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Melissa Melkonian Principal | Officer | 40 | $231,000 |
Glory Carrion-Gomez High School | 40 | $178,334 | |
Nicholas Gallagher Chief Of Sta | 40 | $171,000 | |
Beatriz Banuelos Middle Schoo | 40 | $160,430 | |
Eddie Jimenez Middle Schoo | 40 | $122,384 | |
Roselin Espinal Treasurer | OfficerTrustee | 10 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Civic Concord Avenue Llc Rent | 6/29/22 | $1,368,068 |
Accounting Solution Of New York Inc Accounting | 6/29/22 | $157,555 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $2,456,632 |
All other contributions, gifts, grants, and similar amounts not included above | $86,839 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,543,471 |
Total Program Service Revenue | $11,750,843 |
Investment income | $13,366 |
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 | $14,334,867 |
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. | $231,000 |
Compensation of current officers, directors, key employees. | $115,500 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $7,819,544 |
Pension plan accruals and contributions | $106,439 |
Other employee benefits | $581,877 |
Payroll taxes | $799,950 |
Fees for services: Management | $0 |
Fees for services: Legal | $36,531 |
Fees for services: Accounting | $188,561 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $349,553 |
Advertising and promotion | $129,254 |
Office expenses | $570,816 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $2,066,879 |
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 | $274,514 |
Insurance | $72,560 |
All other expenses | $84,009 |
Total functional expenses | $14,120,226 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $4,162,877 |
Savings and temporary cash investments | $2,938,442 |
Pledges and grants receivable | $549,249 |
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 | $43,175 |
Net Land, buildings, and equipment | $570,439 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $324,828 |
Total assets | $8,589,010 |
Accounts payable and accrued expenses | $1,187,311 |
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 | $1,195,813 |
Total liabilities | $2,383,124 |
Net assets without donor restrictions | $6,205,886 |
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 | $8,589,010 |
Over the last fiscal year, we have identified 1 grants that American Dream Charter School has recieved totaling $100.
Awarding Organization | Amount |
---|---|
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $100 |
Organization Name | Assets | Revenue |
---|---|---|
Mastery Charter High School Philadelphia, PA | $43,740,057 | $52,618,647 |
Public Prep Charter School Academies Bronx, NY | $28,993,375 | $52,903,915 |
Achievement First Inc New Haven, CT | $52,811,061 | $64,422,955 |
Explore Excel Charter School Brooklyn, NY | $21,686,253 | $46,865,700 |
Brooklyn Prospect Charter School Brooklyn, NY | $14,747,543 | $42,286,541 |
Little Red School House Inc New York, NY | $50,588,811 | $36,915,940 |
Philadelphia Performing Arts A String Theory Charter School Philadelphia, PA | $27,708,411 | $43,176,770 |
True North Rochester Preparatorycharter School Rochester, NY | $31,478,453 | $41,687,630 |
Classical Charter Schools Bronx, NY | $15,984,342 | $34,614,781 |
Bronx Charter School For Excellence Bronx, NY | $63,378,035 | $40,736,120 |
Avon Grove Charter School West Grove, PA | $50,579,082 | $34,467,872 |
Science Academies Of New York Charter Schools Syracuse, NY | $37,462,091 | $36,615,185 |