2024-05-15T08:43:46-05:00 2023-06-30 541184709 PBMARES LLP 701 TOWN CENTER DRIVE SUITE 900 NEWPORT NEWS VA 23606 990 2022-07-01 541621932 AN ACHIEVABLE DREAM INC ANAC 7575999470 10858 WARWICK BOULEVARD A NEWPORT NEWS VA 23601 AMANDA ROSE VP OF FINANCE & ADMINISTRATION/CFO 7575999472 2024-05-14 1 AMANDA ROSE 999009999 0 JENNIFER N FRENCH CPA P00659678 7578731587 2024-05-14 X 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z AMANDA ROSE 10858 WARWICK BOULEVARD A NEWPORT NEWS VA 23601 1107416 0 X WWW.ACHIEVABLEDREAM.ORG X 1992 VA AN ACHIEVABLE DREAM DEVELOPS INDEPENDENT, PRODUCTIVE CITIZENS THROUGH A SOCIAL, ACADEMIC, AND MORAL EDUCATION. 13 12 76 12 0 0 2094380 1090998 0 0 705 -41369 -102260 -191168 1992825 858461 10000 0 0 0 706231 897474 0 0 252568 683247 812509 1399478 1709983 593347 -851522 6425960 5776454 3377223 3592732 3048737 2183722 AN ACHIEVABLE DREAM DEVELOPS INDEPENDENT, PRODUCTIVE CITIZENS THROUGH A SOCIAL, ACADEMIC, AND MORAL EDUCATION. 0 0 1195247 0 0 THE PURPOSE OF THE PROGRAM IS TO HELP UNDERSERVED CHILDREN BY PROVIDING A SOLID ACADEMIC AND PERSONAL FOUNDATION FOR SUCCESS. APPROXIMATELY 580 STUDENTS IN GRADES K-5 WERE SERVED DURING THE 2022/2023 SCHOOL YEAR. 1195247 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 X 5 0 1 76 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 13 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 1 1 0 VA X AMANDA ROSE 7575999472 10858 WARWICK BOULEVARD A NEWPORT NEWS VA 23601 DEENA LEE VREELAND PRESIDENT/CEO 40.00 X X 147640 0 6054 MARI ANN BANKS DIRECTOR 1.00 X 0 0 0 ELIZABETH DAVID DIRECTOR 1.00 X 0 0 0 WILLIAM DOWNEY DIRECTOR 1.00 X 0 0 0 IVAN HUTCHINSON DIRECTOR 1.00 X 0 0 0 KEIRA LOMBARDO DIRECTOR 1.00 X 0 0 0 NANCY L LEVIN DIRECTOR 1.00 X 0 0 0 PAUL MUSE DIRECTOR 1.00 X 0 0 0 MATT NEEDY DIRECTOR 1.00 X 0 0 0 BRIAN K SKINNER CHAIR 1.00 X X 0 0 0 MARIO J STELLUTE DIRECTOR 1.00 X 0 0 0 KELLY TILL DIRECTOR 1.00 X 0 0 0 DWIGHT WEST DIRECTOR 1.00 X 0 0 0 AMANDA ROSE CFO/DIRECTOR OF FINANCE 40.00 X 107058 0 4247 254698 0 10301 2 0 1 0 0 482893 608105 1090998 16418 16418 57787 -57787 -57787 -57787 0 482893 191168 -191168 -191168 858461 0 0 -232537 280380 163529 60933 55918 462141 446337 13222 2582 9853 7868 567 1418 33803 19532 14271 111297 58021 5405 47871 10299 10299 1669 1669 22822 22822 3272 3272 35200 35200 18774 18774 26532 7890 9565 9077 79305 16945 62360 84093 84093 3907 886 3021 18219 18219 78911 78911 23078 23078 21145 21145 SCHOOL BASED PROGRAMS 133797 133797 UNIFORMS 93472 93472 COST SHARING AGREEMENT 75000 75000 FOOD AND SNACKS 35661 35661 47353 31006 16347 1709983 1195247 262168 252568 403603 23430 94664 61185 4745928 3241638 16917 99456 3237 3237 106265 74523 192960 92616 93525 100344 595980 649776 365841 1522865 6425960 5776454 58068 56992 12000 3299492 2517626 7663 1018114 3377223 3592732 X -1637419 -973866 4686156 3157588 3048737 2183722 6425960 5776454 X -851522 98437 -111930 X X 1 X 0 0 0 X 1495598 1863197 1139925 2124459 1090998 7714177 1495598 1863197 1139925 2124459 1090998 7714177 1439027 6275150 16558 13228 15533 18242 16418 79979 7794156 0.80510 0.70240 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 12700 0 0 12700 0 80271 53157 27114 54287 26617 27670 58402 12842 45560 100344 ROU FINANCE ASSETS 24920 ROU OPERATING ASSETS 774962 DUE FROM AN ACHIEVABLE DREAM MIDDLE AND HIGH SCHOOL INC 195311 DUE FROM AN ACHIEVABLE DREAM VIRGINIA BEACH INC 213010 DUE FROM AN ACHIEVABLE DREAM CERTIFIED ACADEMIES INC 188919 DUE FROM AN ACHIEVABLE DREAM ENDOWMENT INC 125743 1522865 FINANCE LEASE LIABILITIES 24612 OPERATING LEASE LIABILITIES 810736 DUE TO AN ACHIEVABLE DREAM MIDDLE AND HIGH SCHOOL INC 56175 DUE TO AN ACHIEVABLE DREAM VIRGINIA BEACH INC 125808 DUE TO AN ACHIEVABLE DREAM CERTIFIED ACADEMIES INC 783 1018114 X 1311636 98437 75000 279738 453175 858461 0 858461 2176651 75000 391668 466668 1709983 0 1709983 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740, INCOME TAXES, PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION'S MANAGEMENT HAS EVALUATED THE IMPACT OF THE GUIDANCE TO ITS CONSOLIDATED FINANCIAL STATEMENTS. MANAGEMENT IS NOT AWARE OF ANY MATERIAL UNCERTAIN TAX POSITIONS, AND HAS NOT ACCRUED THE EFFECT OF ANY UNCERTAIN TAX PROVISIONS AS OF JUNE 30, 2023 AND 2022. THE ORGANIZATION'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES, GENERALLY FOR A PERIOD OF THREE YEARS FROM THE DATE THEY WERE FILED. WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2020. THE ORGANIZATION'S POLICY IS TO CLASSIFY INCOME TAX RELATED INTEREST AND PENALTIES, IF ANY, IN OTHER INTEREST EXPENSE AND PENALTIES EXPENSE, RESPECTIVELY. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS DIRECT EXPENSE 191,168. CHANGE IN PRESENT VALUE OF LONG-TERM PLEDGE 88,570. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS DIRECT EXPENSE 191,168. WRITE OFF OF PLEDGES RECEIVABLE 200,500. TENNIS BALL 482893 482893 10026 106551 4378 70213 482893 482893 10026 106551 4378 70213 191168 -191168 X X X X 0 0 0 0 0 0 0 0 0 DEENA LEE VREELAND PRESIDENT/CEO 147640 0 0 0 0 0 6054 0 0 0 153694 0 0 0 FORM 990, PART V, Q 7G AND 7H QUESTIONS 7G AND 7H DO NOT APPLY TO THE ORGANIZATION BECAUSE THE ORGANIZATION DID NOT RECEIVE CONTRIBUTIONS OF QUALIFIED INTELLECTUAL PROPERTY OR QUALIFIED CARS, BOATS, AIRPLANCES OR OTHER VEHICLES DURING THE YEAR. FORM 990, PART V, Q 1C QUESTION 1C DOES NOT APPLY TO THE ORGANIZATION BECAUSE THE ORGANIZATION DID NOT HAVE BACKUP WITHHOLDING FOR REPORTABLE PAYMENTS TO VENDORS AND REPORTABLE GAMING WINNINGS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 IS GIVEN TO THE BOARD MEMBERS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION INCLUDES AN ANNUAL REVIEW. FORM 990, PART VI, SECTION C, LINE 19 ALL THE ORGANIZATION'S GOVERNING DOCUMENTS AND POLICIES ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN LEASE DISCOUNT 88,570. WRITE OFF PLEDGES RECEIVABLE -200,500. FORM 990, PART XI, LINE 2C THE FINANCE COMMITTEE IS RESPONSIBLE FOR SELECTION OF THE INDEPENDENT ACCOUNTANT. ADM & HS LLC 10858 WARWICK BOULEVARD SUITE A NEWPORT NEWS VA 23601 541621932 SCHOOL RENOVATION/EXPANSION VA 30000 2848385