Dreams Academy International
- Assets
- $59.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Akron, OH
- Founding
- 09/2017
- Data as of
- 12/2020
- EIN
- 81-3518258
Organization Overview
Dreams Academy International is located in Akron, OH. The organization was established in 2017. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dreams Academy International 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 12/2020, Dreams Academy International generated $74.9k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 40.5% each year . All expenses for the organization totaled $111.2k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
FOR PROGRAMS RELATED TO DREAMS ACADEMY AFTER SCHOOL PROGRAM MUSIC PROGRAM AND DREAMS ACADEMY FALL AND SPRING SESSIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brandon Scarborough Founder | 40 | $11,500 | |
Gabrielle M Daniel Board Member | 4 | $0 | |
Dr Cryshanna J Leftwich Board Member | 2 | $0 | |
Herman Matherson Board Member | 2 | $0 | |
Christopher Mitchell Board Member | 4 | $0 | |
Zachary Kohl Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,406 |
| Total Program Service Revenue | $8,290 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $23,225 |
| Total Revenue | $74,921 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $55,000 |
| Professional fees and other payments to independent contractors | $11,500 |
| Occupancy, rent, utilities, and maintenance | $12,655 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $32,023 |
| Total expenses | $111,178 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $59,749 |
| Other assets | $0 |
| Total assets | $59,749 |
| Total liabilities | $0 |
| Net assets or fund balances | $59,749 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Dreams Academy International has recieved totaling $14,500.
| Awarding Organization | Amount |
|---|---|
Akron Community Foundation Akron, OH PURPOSE: TO SUPPORT A DIVERSITY, EQUITY, AND INCLUSION PROGRAM FOR HIGH SCHOOL SENIORS | $7,500 |
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $5,000 |
Leadership Akron Akron, OH PURPOSE: SUPPORT FOR YOUTH EDUCATION | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Education At Work Inc Indianapolis, IN | $7,418,747 | $27,265,167 |
Eleven Fifty Academy Inc Indianapolis, IN | $2,885,301 | $14,569,317 |
Newton Services Foundation Inc Flint, MI | $3,036,249 | $10,428,739 |
Council For Adult And Experiental Learning Indianapolis, IN | $4,495,606 | $4,303,081 |
Van Andel Institute Graduate School Grand Rapids, MI | $1,492,760 | $4,853,861 |
Kelley Executive Education Foundation Inc Bloomington, IN | $1,125,624 | $3,371,150 |
Education And Training Connection Midland, MI | $2,969,193 | $3,353,333 |
Columbus Literacy Council Columbus, OH | $1,481,733 | $3,063,188 |
Evansville Plumbers Apprentice Training Trust Fund Evansville, IN | $3,497,630 | $2,319,217 |
Regional Learning Alliance Cranberry Township, PA | $11,928,887 | $1,971,731 |
Inforum Detroit, MI | $3,977,241 | $2,035,446 |
Beyond Literacy Philadelphia, PA | $1,866,568 | $2,112,475 |