2025-05-14T15:23:33-05:00 2024-06-30 540737372 PBMares LLP 701 Town Center Drive Suite 900 Newport News VA 23606 990 2023-07-01 261392573 Achievable Dream Endowment Inc ACHI 7575999472 10858 Warwick Blvd A Newport News VA 23601 Amanda Rose VP of Finance & Adminstration/CFO 7575999472 2025-05-14 1 0 Jennifer N French CPA P00659678 7578731587 2025-05-14 X 2023 2025-03-06 01:10:19Z Amanda Rose 10858 Warwick Blvd A Newport News VA 23601 1187241 0 X www.achievabledream.org X 2007 VA Develops sustainable long-term funding to support the social, academic, and moral needs of current and future generations of students with social risk factors, affording emphasis to An Achievable Dream and organizations who serve a similar population. 9 9 0 9 -81 0 1607075 418562 0 0 -1767003 768994 4824 -315 -155104 1187241 1407857 1704834 0 0 321615 430313 0 0 58520 200419 253164 1929891 2388311 -2084995 -1201070 29008049 31099588 879017 1418216 28129032 29681372 X An Achievable Dream Endowment's mission is to develop sustainable long-term funding to support the social, academic, and moral needs of current and future generations of students with social risk factors, affording emphasis to An Achievable Dream and organizations who serve a similar population. 0 0 1924906 1704834 To provide support for programs assisting students with social risk factors. 1924906 1 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 0 0 0 X Amanda Rose 7575999472 10858 Warwick Blvd Suite A Newport News VA 23601 X ED David Secretary/Treasurer 1.00 X X 0 0 0 Anne Conner Director 1.00 X 0 0 0 Tim Dykstra Chair 1.00 X X 0 0 0 William Ermatinger Director 1.00 X 0 0 0 Marvin Friedberg Vice Chairman 1.00 X X 0 0 0 Gordon Gentry Director 1.00 X 0 0 0 Aubrey L Layne Jr Director 1.00 X 0 0 0 Steve Roberts Director 1.00 X 0 0 0 Bill Downey Director 1.00 X 0 0 0 Lee Vreeland CEO 2.00 X 0 0 0 Amanda Rose CFO 2.00 X 0 0 0 0 0 0 0 0 0 0 0 418562 418562 739966 739966 29028 0 29028 29028 29028 Income from HGI US Pro 900099 -315 -81 -234 -315 1187241 0 -81 768760 1704834 1704834 430313 209985 161808 58520 6135 6135 70098 70098 147771 147771 12392 10087 2305 14673 14673 1804 1804 Taxes and Licenses 291 291 2388311 1924906 404885 58520 1168553 1835 10226 10228 849585 608738 57262 1285 1283 26767249 28109714 21466 20300 132423 2347490 29008049 31099588 43501 649776 229241 1374715 879017 1418216 X 19932177 18944328 8196855 10737044 28129032 29681372 29008049 31099588 X -1201070 2734550 18860 X X 0 1 X 1 0 X 695265 2262584 1404426 758792 113614 5234681 695265 2262584 1404426 758792 113614 5234681 2686523 2548158 503224 592452 736438 661240 739966 3233320 6682 -363 391 -81 6629 26820 992 17563 4199 -234 49340 8523970 0.29890 0.33110 X Section C. Line 17a Entity is actively in the process of seeking out additional funding from the general public. The receipt of the unusual grant from the Cornell Burcher Estate has caused public support percentage to dip under 33.33% in recent years. This should be corrected in the coming years. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 26117473 648849 3503076 2748849 147771 27372778 24354294 1950619 2295699 2350623 132516 26117473 28024210 2869731 -5362181 993643 183823 24354294 21017710 1176764 5918490 88754 28024210 21000705 583798 500000 66793 21017710 0.63950 0.23750 0.12300 1 0 0 Due from Accounts 2347490 2347490 Due to Accounts 1374715 1374715 X 3940651 2734550 18860 2753410 1187241 0 1187241 2388311 0 2388311 0 2388311 Part V, Line 4: Endowment funds will be used to support Achievable Dream Academies. 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, 2024 and 2023. 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. 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: Change in Discount 18,860. Schedule D, Part V In prior years, the organization reported investment account for An Achievable Dream Inc as part of its Endowment account. The investment was removed from Endowment reporting since the amount is not part of Endowment account and prior years were restated. 0 An Achievable Dream Middle and High School Inc 10858 Warwick Blvd Suite A Newport News VA 23601 541621844 501(c)(3) 848052 0 assist with educational programs An Achievable Dream Virginia Beach Inc 10858 Warwick Blvd Suite A Newport News VA 23601 463211492 501(c)(3) 326222 0 assist with educational programs An Achievable Dream Inc 10858 Warwick Blvd Suite A Newport News VA 23601 541621932 501(c)(3) 239964 0 assist with educational programs An Achievable Dream Certified Academies Inc 10858 Warwick Blvd Suite A Newport News VA 23601 223940105 501(c)(3) 110000 0 assist with educational programs Heritage High School 5800 Marshall Ave Newport News VA 23605 170(c)(1) 25000 0 assist with educational programs Bruton High School 185 E Rochambeau Dr Williamsburg VA 23188 170(c)(1) 5300 0 assist with educational programs CodeVA 300 E Broad St Richmond VA 23219 464339704 501(c)(3) 25000 0 assist with educational programs Christopher Newport University 1 Avenue of the Arts Newport News VA 23606 540701501 170(c)(1) 60000 0 assist with educational programs Dreams in Motion 40 Newmarket Sq Newport News VA 23605 10000 0 assist with educational programs Whats Next For Success Foundation 230 Nat Turner Blvd S Apt 3000 Newport News VA 23606 883782089 501(c)(3) 7000 0 assist with educational programs 9 1 Form 990, Part VI, Section B, line 11b The board reviews Form 990 before is filed with the IRS. Form 990, Part VI, Section C, line 19 Available to the public upon request. Form 990, Part XI, line 9: Change in Discount 18,860. Form 990, Part XII, line 2c Organization has a committee who assumes responsibility for oversight of the audit and this process has not changed from prior year. Form 990, Part V, Q 7g and 7h Questions 7g and 7h do not apply to the organization because the organization did not have contributions of qualified intellectual property or contributions of cars, boats, airplanes or other vehicles during the year. ADE Investments LLC 10858 Warwick Blvd Suite A Newport News VA 23601 Real estate VA N/A ADE Investments of Virginia Inc 10858 Warwick Blvd Suite A Newport News VA 23601 270888377 Investment VA C 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0