2026-04-28T15:11:36-05:00 2025-06-30 873707167 CBIZ ADVISORS LLC 685 THIRD AVENUE NEW YORK NY 10017 990 2024-07-01 261841386 DREAM CHARTER SCHOOL DREA 2127221608 1991 SECOND AVENUE NEW YORK NY 10029 EVE COLAVITO CO-CHIEF EXECUTIVE 2127221608 2026-04-28 1 1 FRANK SMITH P00639053 2125038800 2026-04-22 2024 2025-03-06 01:10:19Z EVE COLAVITO 1991 SECOND AVENUE NEW YORK NY 10029 67671835 0 X WWW.WEAREDREAM.ORG X 2008 NY DREAM PREPARES STUDENTS FOR HIGH-PERFORMING HIGH SCHOOLS, COLLEGES AND BEYOND THROUGH A RIGOROUS ACADEMIC PROGRAM THAT DEVELOPS CRITICAL THINKERS WHO DEMONSTRATE A LOVE OF LEARNING, STRONG CHARACTER, & A COMMITMENT TO WELLNESS & ACTIVE CITIZENSHIP. 10 10 541 290 0 0 14190960 18452045 38130404 48403754 372416 498561 440674 118024 53134454 67472384 0 13612 0 0 25780265 34186407 0 0 1313932 27750798 40897118 53531063 75097137 -396609 -7624753 193224269 319180120 187429792 321009566 5794477 -1829446 X DREAM'S MISSION IS TO ENSURE THAT ALL YOUNG PEOPLE RECOGNIZE THEIR POTENTIAL AND REALIZE THEIR DREAMS. WE LEVEL THE PLAYING FIELD BY INVESTING IN THE WHOLE CHILD FROM EARLY CHILDHOOD TO EARLY ADULTHOOD. 0 0 60055857 13612 48521778 PROGRAM A: ELEMENTARY SCHOOL: FOUNDED IN 2008, DREAM'S UNIQUE GROW THE WHOLE CHILD EDUCATION MODEL IS POWERED BY FOUR DISTINCT, YET INTERCONNECTED, ELEMENTS THAT DRIVE TRANSFORMATIVE CHANGE FOR YOUTH. RIGOROUS ACADEMICS; SOCIAL-EMOTIONAL LEARNING; ATHLETICS, HEALTH, AND WELLNESS; AND FAMILY AND COMMUNITY ENGAGEMENT ARE ALL EQUAL, CRUCIAL PARTS OF THE EVERYDAY AT DREAM. ELEMENTARY SCHOLARS IN GRADES K-5 RECEIVE EXTENSIVE SUPPORT WITH TWO TEACHERS IN THE CLASSROOM SO THAT SCHOLARS AT ALL LEVELS ARE ABLE TO LEARN AND THRIVE IN A POSITIVE ENVIRONMENT. OUR ELEMENTARY SCHOOL CURRICULUM RANGES FROM LITERACY AND MATH TO THE ARTS AND PHYSICAL EDUCATION. SCHOLARS ALSO HAVE ACCESS TO DREAM'S AWARD-WINNING AFTER-SCHOOL AND SUMMER PROGRAM CALLED REAL KIDS. PROGRAM B: MIDDLE SCHOOL: DREAM MIDDLE SCHOOLS SERVE SCHOLARS IN GRADES 6-8. USING A WHOLE CHILD APPROACH AND CONSTRUCTIVIST CURRICULUM, OUR MIDDLE SCHOOLS PREPARE STUDENTS FOR HIGH PERFORMING HIGH SCHOOLS. SCHOLARS STUDY THE FUNDAMENTALS OF MATH, SCIENCE, SOCIAL STUDIES, ENGLISH LANGUAGE ARTS, AND PHYSICAL EDUCATION. SCHOLARS ALSO PARTICIPATE IN A WIDE RANGE OF ACADEMIC AND EXTRACURRICULAR ACTIVITIES SUCH AS SPORTS, ART, MUSIC, DEBATE, CODING, AND MORE. MIDDLE SCHOOL SCHOLARS ALSO PARTICIPATE IN DREAMBUILDERS, AN OPTIONAL AFTER-SCHOOL ENRICHMENT PROGRAM WHICH INVOLVES ACADEMIC SUPPORT, TEAM BUILDING ACTIVITIES, SERVICE-LEARNING PROJECTS, AND HEALTH AND WELLNESS ACTIVITIES. DREAM OPERATES ON AN EXTENDED-DAY AND EXTENDED-YEAR MODEL TO ENSURE STUDENTS HAVE ENOUGH OPPORTUNITIES TO GROW AFTER SCHOOL AND DURING THE SUMMERS.PROGRAM C: HIGH SCHOOL: DREAM CHARTER HIGH SCHOOL PREPARES STUDENTS FOR COLLEGE AND BEYOND BY DEVELOPING CRITICAL LITERACY SKILLS NEEDED FOR THEIR SUCCESS AS PROFESSIONALS AND AS AGENTS OF SOCIAL CHANGE. WE SERVE OVER 400 SCHOLARS IN GRADES 9-12. AT DCHS, STUDENTS HAVE ACCESS TO AP COURSES, ONE-ON-ONE COLLEGE COUNSELING, FREE AFTERSCHOOL ACTIVITIES AND SPORTS SUCH AS DEBATE CLUB, BASKETBALL, AND STUDENT GOVERNMENT, AND SUMMER JOBS. THROUGHOUT THEIR TIME AT DREAM, STUDENTS ASSEMBLE A PORTFOLIO OF COLLEGE-LEVEL PERFORMANCE ASSESSMENTS. THIS PORTFOLIO IS REPRESENTATIVE OF STUDENTS' ABILITY TO LEARN, APPLY, AND REFLECT ACROSS ALL DISCIPLINES. IN THEIR DEFENSES OF LEARNING, STUDENTS PRESENT AND DEFEND THEIR PORTFOLIO AS A CAPSTONE ACTIVITY AND RITE OF PASSAGE. AS A RESULT, DCHS GRADUATES ARE BOTH HIGHLY SKILLED AND CRITICALLY CONSCIOUS AND EVERY DAY, THEY'RE OUT IN THE WORLD MAKING A DIFFERENCE. 60055857 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 79 0 1 541 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X LYDIA TOMMY DIRECTOR OF FINANCE 2127221608 1991 SECOND AVENUE NEW YORK NY 10029 X ADAM MILLER TRUSTEE 1.00 X 0 0 0 ASHISH DOSHI CHAIRMAN 1.00 X X 0 0 0 CHARLIE HOWE TREASURER 1.00 X X 0 0 0 DON SAWYER III TRUSTEE 1.00 X 0 0 0 EMILY STECHER TRUSTEE 1.00 X 0 0 0 LIZ RICH TRUSTEE 1.00 X 0 0 0 MICHELE JOERG VICE CHAIR & SECRETARY 1.00 X X 0 0 0 VICKI ZUBOVIC TRUSTEE 1.00 X 0 0 0 VILAS KUCHINAD TRUSTEE 1.00 X 0 0 0 ZAINAB ALI TRUSTEE 1.00 X 0 0 0 EVE COLAVITO CONTRACTED CO-CEO 1.00 X 0 0 0 JAMES DICOSMO CONTRACTED CFO 1.00 X 0 0 0 RICHARD BERLIN CONTRACTED CO-CEO 1.00 X 0 0 0 ALISON SCHLOSS EAST HARLEM MIDDLE SCHOOL 40.00 X 141040 0 40663 CORA NEVILLE HIGHBRIDGE MIDDLE SCHOOL 40.00 X 166588 0 19853 JA'KEEL DANIELS HIGH SCHOOL PRINCIPAL 40.00 X 155877 0 14162 LEXIS WHITE EAST HARLEM ELEMENTARY SCHOOL 40.00 X 184685 0 17238 SHANNEL RICHARDSON HIGHBRIDGE ELEMENTARY SCHOOL 40.00 X 147160 0 22207 795350 0 114123 30 0 1 0 RED RABBIT LLC 2214 FREDERICK DOUGLASS BLVD STE 1 NEW YORK NY 10026 SCHOOL FOOD SERVICE 462122 EVENSONBEST LLC 55 FIFTH AVE NEW YORK NY 10003 CONTRACT FURNITURE AND DISTRIBUTOR 319183 BRIGAID LLC 515 CENTERPOINT DR SUITE 404 MIDDLETOWN CT 06457 CULINARY MANAGEMENT SERVICES 192500 DBI PROJECTS LLC 1261 BROADWAY 9TH FLOOR NEW YORK NY 10001 PROJECT MANAGEMENT SERVICES 180158 5 K CONSTRUCTION RESOURCES LLC 45 WEST 34TH STREET 1006 NEW YORK NY 10001 REPAIR & MAINTENANCE SERVICES 117300 5 14328268 4123777 18452045 TUITION REVENUE 611600 48403754 48403754 48403754 498012 498012 200000 199451 549 549 549 OTHER REVENUE 900099 58821 58821 INSURANCE REIMBURSEMENT 900099 53548 53548 SCHOOL FOODS RECEIPTS 900099 5655 5655 118024 67472384 48521778 0 498561 13612 13612 28088054 23734114 4353940 233621 198454 35167 3416007 2901797 514210 2448725 2080120 368605 8759543 2107386 5654333 997824 340 340 4312630 2143743 1852779 316108 430597 430597 1280745 1082120 198625 20183098 20183098 524806 440837 83969 397235 394652 2583 OTHER STUDENT EXPENSES 1878973 1878973 PROGRAM FOOD & EVENTS 1315605 1315605 CLASSROOM SUPPLIES 1051966 1051966 PROFESSIONAL DEV. 418874 352770 66104 342706 176610 166096 75097137 60055857 13727348 1313932 X 5843455 5164709 2833814 3507409 371302 221133 7214488 1326210 4411173 5888278 7391318 7741992 172373207 296656599 193224269 319180120 932781 1126660 186497011 319882906 187429792 321009566 X 5462462 -3351152 332015 1521706 5794477 -1829446 193224269 319180120 -7624753 830 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 473346 37044 436302 4094363 1289166 2805197 2646779 2646779 5888278 RESTRICTED CASH 175000 SCHOLARSHIPS 4306 OPERATING LEASE RIGHT-OF-USE ASSET 296475293 SECURITY DEPOSIT 2000 296656599 DUE TO INSTITUTIONAL PARTNER 1046345 PROGR. RELATED INV. PAYABLE 1525000 LEASE LIABILITY 317311561 319882906 X 71136979 830 3663765 3664595 67472384 0 67472384 78760902 3663765 3663765 75097137 0 75097137 PART X, LINE 2: A. THE ORGANIZATION BELIEVES IT HAD NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2025 AND 2024, IN ACCORDANCE WITH FASB ASC TOPIC 740, "INCOME TAXES," WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL HAS A NONDISCRIMINATORY POLICY THAT IS PUBLICIZED IN RECRUITMENT LITERATURE, FLYERS IN PUBLIC PLACES, AS WELL AS PRINT AND ELECTRONIC MEDIA. A COPY OF THE POLICY IS MADE AVAILABLE UPON REQUEST. SCHEDULE E, PART I, LINE 6 DREAM CHARTER SCHOOL RECEIVES PER PUPIL FUNDING FROM NYCDOE ALONG WITH TITLE GRANTS FROM NYSED. 1 SCHOLARSHIPS 34 13612 0 PART I, LINE 2: FOR DREAM CHARTER SCHOOLS, THE CHARGES REFLECTED IN THE SCHOLARSHIP ACCOUNT DO NOT REPRESENT TRADITIONAL SCHOLARSHIPS. INSTEAD, THESE CHARGES CONSIST OF COLLEGE COMMITMENT FEES THAT STUDENTS ARE REQUIRED TO SUBMIT AFTER FORMALLY DECIDING TO ENROLL IN A HIGHER EDUCATION INSTITUTION. WE PROCESSED PAYMENT FOR 34 STUDENTS IN FY25. THESE COMMITMENT FEES SECURE A STUDENT'S PLACE AT THE SELECTED COLLEGE OR UNIVERSITY AND ARE A STANDARD PART OF THE POST-SECONDARY ENROLLMENT PROCESS. THE ORGANIZATION COVERS THESE COSTS ON BEHALF OF STUDENTS TO REMOVE FINANCIAL BARRIERS DURING THE COLLEGE DECISION AND ENROLLMENT PHASE. PAYMENTS ARE COORDINATED IN CLOSE COLLABORATION WITH THE RESPECTIVE COLLEGES AND UNIVERSITIES' FINANCIAL AID OR ADMISSIONS OFFICES TO ENSURE ACCURACY AND PROPER APPLICATION OF FUNDS. THIS APPROACH SUPPORTS STUDENTS' SUCCESSFUL TRANSITION TO HIGHER EDUCATION WHILE ENSURING THAT FUNDS RECORDED IN THE SCHOLARSHIP ACCOUNT ARE USED SOLELY FOR THEIR INTENDED PURPOSE AND IN ALIGNMENT WITH ORGANIZATIONAL POLICIES. 0 0 0 0 0 0 0 1 0 LEXIS WHITE EAST HARLEM ELEMENTARY SCHOOL 144584 0 40000 0 101 0 1095 0 16143 0 201923 0 0 0 CORA NEVILLE HIGHBRIDGE MIDDLE SCHOOL 135563 0 31000 0 25 0 5552 0 14301 0 186441 0 0 0 ALISON SCHLOSS EAST HARLEM MIDDLE SCHOOL 140939 0 0 0 101 0 5899 0 34764 0 181703 0 0 0 JA'KEEL DANIELS HIGH SCHOOL PRINCIPAL 145776 0 10000 0 101 0 0 0 14162 0 170039 0 0 0 SHANNEL RICHARDSON HIGHBRIDGE ELEMENTARY SCHOOL 147059 0 0 0 101 0 0 0 22207 0 169367 0 0 0 PART I, LINE 7 THE BONUS REPORTED IN PART II, COLUMN B(II) WAS APPROVED BY THE CO-CEO'S ON BEHALF OF THE EDUCATION CORPORATION. FORM 990, PART VI, SECTION A, LINE 3 DREAM CHARTER SCHOOL HAS AN INSTITUTIONAL PARTNERSHIP AGREEMENT WITH THE HARLEM RBI, INC. AS PART OF THE CONTRACTED MANAGEMENT AGREEMENT HARLEM RBI PROVIDES EXECUTIVE MANAGEMENT AND BACK OFFICE SERVICES. THE FORMER CHAIRMAN OF DREAM CHARTER SCHOOL, RICHARD BERLIN, IS THE EXECUTIVE DIRECTOR OF HARLEM RBI. EXPENSES UNDER THIS AGREEMENT AMOUNTED TO $8,759,543 DURING THE YEAR ENDED JUNE 30, 2025. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT. THE AUDIT/FINANCE COMMITTEE REVIEWED AND PROVIDED EDITS TO THE TAX PREPARER. AFTER THIS PROCESS WAS PERFORMED, THE FORM 990 WAS SENT TO THE FULL BOARD OF DIRECTORS PRIOR TO BEING FILED WITH THE IRS. THE COMPLETE, FINAL 990 WAS PROVIDED TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S BOARD HAS ADOPTED A CONFLICT OF INTEREST POLICY THAT COVERS ALL DIRECTORS, AND OFFICERS. UNDER THIS POLICY, PRIOR TO INITIAL ELECTION, APPOINTMENT OR HIRING OF ANY DIRECTOR, OFFICER OR KEY EMPLOYEE, AND ANNUALLY THEREAFTER, THE SECRETARY SHALL CAUSE TO BE DISTRIBUTED TO EACH SUCH PERSON A COPY OF THE POLICY TOGETHER WITH A WRITTEN DISCLOSURE STATEMENT. THE DISCLOSURE STATEMENT SHALL REQUIRE CONFIRMATION THAT SUCH PERSON HAS READ THE POLICY AND AGREES TO BE BOUND BY IT, AND IDENTIFY ANY POTENTIAL COVERED ARRANGEMENTS. EACH SUCH PERSON SHALL COMPLETE, SIGN AND SUBMIT SUCH DISCLOSURE STATEMENT PROMPTLY AND SHALL UPDATE HIS OR HER DISCLOSURE STATEMENT AS NECESSARY TO KEEP IT ACCURATE DURING THE COURSE OF THE FOLLOWING YEAR. THE CHAIR OF THE AUDIT COMMITTEE AND THE BOARD CHAIR WILL REVIEW ALL POTENTIAL COVERED ARRANGEMENTS FOR DETERMINATION OF WHETHER A CONFLICT EXISTS. THE AUDIT COMMITTEE (OR THE BOARD IN CERTAIN CIRCUMSTANCES), IS RESPONSIBLE FOR THE REVIEW AND APPROVAL OF SUCH TRANSACTIONS. PERSONS WITH A CONFLICT MUST REFRAIN FROM PARTICIPATING IN, BEING PHYSICALLY PRESENT DURING, OR ATTEMPTING TO INFLUENCE, THE CONSIDERATION OR DETERMINATION BY THE AUDIT COMMITTEE OR BOARD OF COVERED ARRANGEMENT. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST AND ARE MADE AVAILABLE ON THE ORGANIZATION'S WEBSITE. FORM 990, PART X, LINE 32: AS OF JUNE 30, 2025 AND 2024 NET ASSETS AMOUNTED TO $(1,829,446) AND $5,794,477. THIS DEFICIT RELATES TO LEASE EXPENSE BEING RECOGNIZED ON A STRAIGHTLINE BASIS OVER THE LIFE OF THE LEASE. AS OF JUNE 30, 2025 AND 2024, THE NET DEFICIT ATTRIBUTABLE TO THE RIGHT OF USE ASSET AND LEASE LIABILITY WAS $10,453,101 AND $5,752,113, RESPECTIVELY. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.