2024-10-31T10:03:30-05:00 2023-12-31 721396621 CARR RIGGS & INGRAM LLC TWO RIVERWAY 15TH FLOOR HOUSTON TX 77056 990 2023-01-01 593514841 US DREAM ACADEMY INC USDR 4107727143 8807 COLESVILLE ROAD 5TH FLOOR SILVER SPRING MD 20910 WINTLEY PHIPPS PRESIDENT 4107727143 2024-10-31 1 1 KRISTEN SIMPSON P01268482 7136218090 2024-10-31 2023 2024-10-15 13:58:12Z WINTLEY PHIPPS 8807 COLESVILLE ROAD 5TH FLOOR SILVER SPRING MD 20910 5912950 0 X WWW.USDREAMACADEMY.ORG X 2000 MD YOUTH EDUCATION TRAINING PROGRAMS 16 16 65 105 0 0 4321467 5789156 0 0 35198 36621 -9368 -400802 4347297 5424975 0 0 0 0 2591046 2673673 0 0 317483 934974 1367349 3526020 4041022 821277 1383953 1720026 3039997 376403 285421 1343623 2754576 YOUTH EDUCATION TRAINING PROGRAMS 0 0 2869860 U.S. DREAM ACADEMY MISSION IS TO INSPIRE AND INVEST IN THE LIVES OF CHILDREN OF INCARCERATED PARENTS AND FAMILIES IN COMMUNITIES HARMED BY SYSTEMIC INEQUITIES. U.S. DREAM ACADEMY LEARNING CENTERS ARE LOCATED IN UNDER-INVESTED NEIGHBORHOODS - WHERE YOUNG PEOPLE ARE GROWING UP AMIDST HIGH RATES OF POVERTY AND OFTEN HIGHER THAN AVERAGE RATES OF CRIME IN THEIR COMMUNITIES. U.S. DREAM ACADEMY OFFERS IN-SCHOOL PROGRAMS ALONG WITH A SAFE PLACE TO GO EVERY DAY AFTER SCHOOL. WE INCLUDE ACADEMIC SUPPORT, MENTORS, DREAM BUILDING ACTIVITIES, LEADERSHIP OPPORTUNITIES, AND A PLACE TO EXPLORE NEW OPTIONS FOR THEIR FUTURE. YOUNG PEOPLE COMMIT AN ADDITIONAL 11 - 15 HOURS A WEEK TO DEDICATE THEMSELVES TO SKILL BUILDING, CHARACTER BUILDING AND PREPARING FOR THEIR FUTURE DREAMS. 2869860 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 185 0 1 65 1 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 AZ AK CA CT DC FL GA IL KS KY ME MD MO MI MN MS NJ NM NY NC OH OK OR PA RI SC TN UT VA WA WV WI X X ORGANIZATION 4107727143 8807 COLESVILLE ROAD FIFTH FLOOR SILVER SPRING MD 20910 ANDREW SCHMIDT SECRETARY 2.00 X X 0 0 0 BROOKE M GANS BOARD MEMBER 2.00 X 0 0 0 CARLYLE I HOLDER BOARD MEMBER 2.00 X 0 0 0 CARLYLE WALTON BOARD MEMBER 2.00 X 0 0 0 CHAD WILLIAMS BOARD MEMBER 2.00 X 0 0 0 CHAPLAIN BARRY C BLACK BOARD MEMBER 2.00 X 0 0 0 DAVID R WILLIAMS EMERITUS 2.00 X 0 0 0 FELISMINA ANDRADE BOARD MEMBER 2.00 X 0 0 0 GEORGE JOHNSON EMERITUS 2.00 X 0 0 0 JODY VICTOR EMERITUS 2.00 X 0 0 0 JOE VICTOR BOARD MEMBER 2.00 X 0 0 0 MARISSA C LESLIE CHAIR-ELECT 2.00 X 0 0 0 MICHAEL GRIFFIN BOARD MEMBER 2.00 X 0 0 0 SAM CARTER BOARD MEMBER 2.00 X 0 0 0 SANDRA L RANDOLPH PAST CHAIR 2.00 X X 0 0 0 SHEILA HODGKIN BOARD MEMBER 2.00 X 0 0 0 SIMON T BAILEY BOARD MEMBER 2.00 X 0 0 0 WINTLEY PHIPPS FOUNDER/PRESIDENT/CEO 40.00 X X 196081 0 0 YUESHA CHEN TREASURER 2.00 X X 0 0 0 C DIANE WALLACE BOOKER ESQ CHIEF STATEGY OFFICER & EX 40.00 X 172069 0 0 368150 0 0 2 0 1 0 0 700503 1591603 3497050 287500 5789156 36621 36621 86516 700503 487975 -401459 -401459 OTHER REVENUE 611600 657 657 657 5424975 0 0 -364181 X 368150 268414 67542 32194 1922840 1401920 352769 168151 215594 157187 39553 18854 167089 138274 13399 15416 14147 14147 137755 137755 512258 419511 51042 41705 278356 97327 140197 40832 1320 1320 26997 9113 17553 331 36709 16987 19722 PROGRAM EXPENSES 207905 207905 CURRICULUM DEVELOPMENT 151902 151902 4041022 2869860 853679 317483 898026 2684245 804655 341421 0 12235 17345 2096 357787 357787 0 0 1720026 3039997 208747 146816 73711 25000 93945 113605 376403 285421 X 567809 2523576 775814 231000 1343623 2754576 1720026 3039997 1383953 27000 0 X 0 1 X 1 0 X 4038979 1502659 3079255 4321467 5875672 18818032 4038979 1502659 3079255 4321467 5875672 18818032 6210723 12607309 8926 -2389 35246 35198 36621 113602 1250 6263 29608 180 657 37958 18969592 0.66460 0.80990 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 357787 357787 0 0 PAYROLL RELATED LIABILITIES 107189 LINE OF CREDIT 6416 113605 X 6510412 683978 401459 1085437 5424975 0 5424975 5126459 683978 401459 1085437 4041022 0 4041022 PART X, LINE 2: THE ACADEMY IS A NON-PROFIT ORGANIZATION THAT IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE ACADEMY WAS GRANTED AN INDIVIDUAL RULING UNDER THE SAME SECTION AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE INTERNAL REVENUE CODE AND, AS SUCH, QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION FOR INDIVIDUAL DONORS. THE ACADEMY ACCOUNTS FOR UNCERTAIN TAX POSITIONS, WHEN IT IS MORE LIKELY THAN NOT, THAT SUCH AN ASSET OR A LIABILITY WILL BE REALIZED. AS OF DECEMBER 31, 2023 AND 2022, MANAGEMENT BELIEVES THERE WERE NO UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 401,459. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 401,459. ANNUAL GALA 787019 700503 86516 487975 787019 700503 86516 487975 487975 -401459 0 0 0 0 0 0 0 0 0 WINTLEY PHIPPS FOUNDER/PRESIDENT/CEO 196081 0 0 0 0 0 0 0 0 0 196081 0 0 0 C DIANE WALLACE BOOKER ESQ CHIEF STATEGY OFFICER & EX 172069 0 0 0 0 0 0 0 0 0 172069 0 0 0 X GALA GIVE AWAY BAGS 500 287500 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT OF THE 990 IS SENT TO THE FINANCE COMMITTEE FOR REVIEW. IF THERE ARE ANY CHANGES, THEY ARE INCORPORATED INTO THE 990 AND SENT BACK TO THE BOARD TO REVIEW AGAIN. IF APPROVED, THE 990 WILL BE SIGNED AND FINALIZED. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY THE BOARD MEMBERS ARE ASKED TO COMPLETE A CONFLICT OF INTEREST DOCUMENT. ANY BOARD MEMBER WHO HAS A CONFLICT OF INTEREST IS MONITORED AND RESTRICTED FROM VOTING ON ANY ISSUE THAT IS INTERPRETED TO BE A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS DERIVED BY COMPARABLE SALARIES IN ORGANIZATIONS WITH SIMILAR INCOME AMOUNTS AND BALANCE SHEETS. FORM 990, PART VI, SECTION C, LINE 18 FILE COPIES OF THE TAX RETURN ARE MADE AVAILABLE UPON WRITTEN REQUEST TO THE ORGANIZATION AS WELL AS THROUGH GUIDESTAR, A THIRD PARTY WEBSITE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON WRITTEN REQUEST TO THE ORGANIZATION. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 419,511. MANAGEMENT AND GENERAL EXPENSES 51,042. FUNDRAISING EXPENSES 41,705. TOTAL EXPENSES 512,258.