An Achievable Dream Inc
- Assets
- $6.5m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 59
- Location
- Newport News, VA
- Founding
- 05/1992
- Data as of
- 06/2021
- EIN
- 54-1621932
Organization Overview
An Achievable Dream Inc is located in Newport News, VA. The organization was established in 1992. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. As of 06/2021, An Achievable Dream Inc employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. An Achievable Dream Inc 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 06/2021, An Achievable Dream Inc generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $1.3m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 6 years. 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
AN ACHIEVABLE DREAM DEVELOPS INDEPENDENT, PRODUCTIVE CITIZENS THROUGH A SOCIAL, ACADEMIC, AND MORAL EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE PROGRAM IS TO HELP UNDERSERVED CHILDREN BY PROVIDING A SOLID ACADEMIC AND PERSONAL FOUNDATION FOR SUCCESS. APPROXIMATELY 615 STUDENTS IN GRADES K-5 WERE SERVED DURING THE 2020/2021 SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deena Lee Vreeland President/ceo | OfficerTrustee | 40 | $105,996 |
Helen Myers Cfo/director Of Finance | Officer | 40 | $87,435 |
Pervis Blake Vice President Of Academics | Officer | 40 | $54,743 |
Brian K Skinner Chair | OfficerTrustee | 1 | $0 |
Mari Ann Banks Director | Trustee | 1 | $0 |
William Downey Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $497,277 |
| Related organizations | $0 |
| Government grants | $261,538 |
| All other contributions, gifts, grants, and similar amounts not included above | $381,110 |
| Noncash contributions included in lines 1a–1f | $329,196 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,139,925 |
| Total Program Service Revenue | $0 |
| Investment income | $15,533 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $13,981 |
| Net Income from Fundraising Events | -$101,877 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,067,562 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,767 |
| 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. | $349,047 |
| Compensation of current officers, directors, key employees. | $66,083 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $186,257 |
| Pension plan accruals and contributions | $16,374 |
| Other employee benefits | $35,629 |
| Payroll taxes | $39,209 |
| Fees for services: Management | $3,099 |
| Fees for services: Legal | $2,975 |
| Fees for services: Accounting | $33,665 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,091 |
| Office expenses | $30,552 |
| Information technology | $42,119 |
| Royalties | $0 |
| Occupancy | $31,657 |
| Travel | $146 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,238 |
| Interest | $115,735 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,074 |
| Insurance | $20,006 |
| All other expenses | $29,975 |
| Total functional expenses | $1,329,862 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $791,661 |
| Savings and temporary cash investments | $117,534 |
| Pledges and grants receivable | $4,701,154 |
| 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 | $20,988 |
| Prepaid expenses and deferred charges | $54,793 |
| Net Land, buildings, and equipment | $64,463 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $12,807 |
| Other assets | $785,747 |
| Total assets | $6,549,147 |
| 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 | $4,074,095 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,074,095 |
| Net assets without donor restrictions | -$2,201,102 |
| Net assets with donor restrictions | $4,676,154 |
| 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 | $6,549,147 |
Grants Awarded
Over the last fiscal year, An Achievable Dream Inc has awarded $107,524 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Newport News, VA PURPOSE: SCHOLARSHIPS | $34,036 |
Newport News, VA PURPOSE: SCHOLARSHIPS | $34,036 |
Newport News, VA PURPOSE: SUPPORT OF COMMUNITY PROJECTS | $19,726 |
Newport News, VA PURPOSE: SUPPORT OF COMMUNITY PROJECTS | $19,726 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that An Achievable Dream Inc has recieved totaling $487,397.
| Awarding Organization | Amount |
|---|---|
Randolph D Rouse Foundation Inc Arlington, VA PURPOSE: GENERAL USE BY QUALIFIED DONEE ORGANIZATION | $155,000 |
United Way Of South Hampton Roads Norfolk, VA PURPOSE: GRANTS AWARDED | $115,177 |
Copeland Family Supporting Organization Virginia Beach, VA PURPOSE: TO SUPPORT FOR GRADUATING STUDENTS | $90,000 |
Organization Name not Listed PURPOSE: GENERAL CHARITABLE PURPOSES | | $40,000 |
Mcleskey Family Foundation Inc Virginia Beach, VA PURPOSE: AN ACHIEVABLE DREAM OPERATES FOUR SCHOOLS DEDICATED TO THE BELIEF THAT ALL CHILDREN CAN LEARN AND SUCCEED AND THAT EDUCATION CAN BREAK THE CYCLE OF POVERTY. | $20,000 |
Windward Foundation Virginia Beach, VA PURPOSE: FURTHER DONEE'S CHARITABLE PURPOSE | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Virginia Baptist Childrens Home And Family Services Salem, VA | $22,485,858 | $18,159,448 |
Catholic Charities Of Louisville Inc Louisville, KY | $10,972,807 | $15,581,081 |
Educare Dc Washington Dc, DC | $20,810,624 | $14,867,843 |
Youth Services System Inc Wheeling, WV | $12,303,139 | $14,112,236 |
Sasha Bruce Youthwork Inc Washington, DC | $9,241,536 | $13,751,590 |
Alliance For Early Success Washington, DC | $17,838,939 | $14,007,365 |
The National Campaign To Prevent Teen And Unplanned Pregnancy Washington, DC | $24,202,088 | $6,719,135 |
Covenant House Washington Dc Washington, DC | $6,674,946 | $9,839,664 |
Black Mountain Home For Children Youth & Families Inc Black Mountain, NC | $24,547,836 | $8,011,871 |
Edward C Mazique Parent Child Center Inc Of The District Of Colu Washington, DC | $3,949,919 | $7,298,207 |
Young Adult Development In Action Louisville, KY | $4,985,121 | $4,629,154 |
The Relatives Inc Charlotte, NC | $10,931,740 | $4,539,986 |