AN ACHIEVABLE DREAM INC: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- AN ACHIEVABLE DREAM INC (EIN 54-1621932)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-02-14
- IRS object ID
- 201100459349300905
- Schema version
- 2009v1.7
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule G
- Schedule K
- Schedule L
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-02-14T09:31:01-06:00 | Timestamp |
| Tax Period End Date | 2010-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WITT MARES PLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 701 TOWN CENTER DRIVE SUITE 900 | AddressLine1 |
| City | NEWPORT NEWS | City |
| State | VA | State |
| ZIP Code | 236064287 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 541621932 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | AN ACHIEVABLE DREAM INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | ANAC | NameControl |
| Phone | 7575999470 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O BOX 1039 | AddressLine1 |
| City | NEWPORT NEWS | City |
| State | VA | State |
| ZIP Code | 23606 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Walter Segaloff | Name |
| Title | CEO | Title |
| Phone | 7575999470 | Phone |
| Date Signed | 2011-02-11 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Brian Windley | Name |
| Phone | 7578731587 | Phone |
| Self Employed | X | SelfEmployed |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Walter Segaloff | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10858 Warwick Blvd Suite A | AddressLine1 |
| City | Newport News | City |
| State | VA | State |
| ZIP Code | 23601 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 2995953 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | www.achievabledream.com | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1992 | YearFormation |
| State Legal Domicile | VA | StateLegalDomicile |
| Activity Or Mission Description | It is our mission to provide a unique, challenging, disciplined academic enviroment for children in elementary grades through high school. It is our mission to Challenge and motivate all students to exceed their own expectations in academic achievement and social progress and to instill in all children respect for themselves, respect for their adult leaders and respect for core human values by providing all children with a Social, Academic, and Moral Education(SAME). It is our mission to enable each child, with the support of his/her family, to attain a vision; to develop a personal, acheivable dream that will light the way for success and joy in life as a productive citizen. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 12 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 12 | NbrIndependentVotingMembers |
| Total Nbr Employees | 118 | TotalNbrEmployees |
| Total Nbr Volunteers | 40 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 1941390 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1621726 | ContributionsGrantsCurrentYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 21139 | InvestmentIncomePriorYear |
| Investment Income Current Year | 19147 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 1022992 | OtherRevenuePriorYear |
| Other Revenue Current Year | 997690 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 2985521 | TotalRevenuePriorYear |
| Total Revenue Current Year | 2638563 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 674591 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 706357 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 353598 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 2106256 | OtherExpensePriorYear |
| Other Expenses Current Year | 2230608 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 2780847 | TotalExpensesPriorYear |
| Total Expenses Current Year | 2936965 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 204674 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -298402 | RevenuesLessExpensesCY |
| Total Assets BOY | 15121137 | TotalAssetsBOY |
| Total Assets EOY | 14787614 | TotalAssetsEOY |
| Total Liabilities BOY | 13114856 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 13003495 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 2006281 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 1784119 | NetAssetsOrFundBalancesEOY |
| Mission Description | HELP DISADVANTAGED CHILDREN BY PROVIDING A SOLID ACADEMIC AND PERSONAL FOUNDATION FOR SUCCESS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 2062168 | Expense |
| Description | AN ACHIEVABLE DREAM PROGRAM. HELP DISADVANTAGED CHILDREN BY PROVIDING A SOLID ACADEMIC AND PERSONAL FOUNDATION FOR SUCCESS. APPROXIMATELY 1200 STUDENTS IN GRADES K-5 WERE SERVED during 2009. | Description |
| Total Program Service Expense | 2062168 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 1 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | 1 | BalanceSheetAmountsReported |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 1 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 1 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 0 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 118 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Nbr Voting Governing Body Members | 12 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 12 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 0 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 0 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Helen Myers | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 7575999470 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10858 WARWICK BLVD | AddressLine1 |
| City | Newport News | City |
| State | VA | State |
| ZIP Code | 23601 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | X | NoListedPersonsCompensated |
Form990 Part VII Section A Form990PartVIISectionA (13 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| ALAN DIAMONSTEIN | |||||||
| DIRECtor | 1.00 | X | 0 | 0 | 0 | ||
| CINDY STEGEMAN | |||||||
| DIRECtor | 1.00 | X | 0 | 0 | 0 | ||
| Danny L Carroll | |||||||
| DIRECtor | 1.00 | X | 0 | 0 | 0 | ||
| Elizabeth B David | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| GENERAL WALLACE ARNOLD | |||||||
| DIRECtor | 1.00 | X | 0 | 0 | 0 | ||
| HOWARD E GWYNN | |||||||
| DIRECtor | 1.00 | X | 0 | 0 | 0 | ||
| JACQUELINE AMATO | |||||||
| DIRECtor | 1.00 | X | 0 | 0 | 0 | ||
| Gordon L Gentry Jr | |||||||
| CHAIR | 1.00 | 0 | 0 | 0 | X | ||
| John F Biagas | |||||||
| VICE CHAIR | 1.00 | 0 | 0 | 0 | X | ||
| Nancy L Levin | |||||||
| FINANCE COMMITTEE CHAIR | 1.00 | 0 | 0 | 0 | X | ||
| RICHARD J PEARCE | |||||||
| TREASURER | 1.00 | 0 | 0 | 0 | X | ||
| WALTER SEGALOFF | |||||||
| CEO/FOUNDER/PRESIDENT | 40.00 | 0 | 0 | 0 | X | ||
| KATHY EDWARDS | |||||||
| Director of Development | 40.00 | 130050 | 0 | 0 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 130050 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 0 | TotalOtherCompensation |
| Number Individuals GT100 K | 1 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation
Name Of Contractor NameOfContractor
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Holland & Knight LLP | BusinessNameLine1 |
Address Of Contractor AddressOfContractor
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 864084 | AddressLine1 |
| City | ORLANDO | City |
| State | FL | State |
| ZIP Code | 32886 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Services | Federal Government Relations | DescriptionOfServices |
| Compensation | 138554 | Compensation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 1 | NumberOfContractorsGT100K |
| Government Grants | 624491 | GovernmentGrants |
| All Other Contributions | 997235 | AllOtherContributions |
| Total Contributions | 1621726 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 19147 | TotalRevenueColumn |
| Exclusion | $19,147 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 783250 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 783250 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 783250 | TotalRevenueColumn |
| Exclusion | $783,250 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 571830 | GrossIncomeFundraisingEvents |
| Fundraising Direct Expenses | 357390 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 214440 | TotalRevenueColumn |
| Exclusion | $214,440 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2638563 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $1,016,837 | ExclusionAmount |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 617581 | Total |
| Program Services | 313798 | ProgramServices |
| Management And General | 188907 | ManagementAndGeneral |
| Fundraising | 114876 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 38760 | Total |
| Program Services | 10381 | ProgramServices |
| Management And General | 28379 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 50016 | Total |
| Program Services | 24276 | ProgramServices |
| Management And General | 16402 | ManagementAndGeneral |
| Fundraising | 9338 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3758 | Total |
| Management And General | 3758 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 32625 | Total |
| Management And General | 32625 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18342 | Total |
| Management And General | 18342 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4156 | Total |
| Fundraising | 4156 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 116370 | Total |
| Management And General | 116370 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 455000 | Total |
| Program Services | 455000 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 660995 | Total |
| Program Services | 660995 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19848 | Total |
| Program Services | 19848 | ProgramServices |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| SCHOOL BASED PROGRAMS | 357566 | 357566 | ||
| Admin Expense | 356342 | 64267 | 116416 | 175659 |
| GRANT WRITING | 49569 | 49569 | ||
| Cost Sharing Agreement | 37500 | 37500 | ||
| Supplies and Club Expen | 37489 | 37489 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 81048 | Total |
| Program Services | 81048 | ProgramServices |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2936965 | Total |
| Program Services | 2062168 | ProgramServices |
| Management And General | 521199 | ManagementAndGeneral |
| Fundraising | 353598 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1493014 | BOY |
| EOY | 1896868 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1049929 | BOY |
| EOY | 898834 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 310833 | BOY |
| EOY | 1894 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8441 | BOY |
| EOY | 29953 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 12699333 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 2119724 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11229900 | BOY |
| EOY | 10579609 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1029020 | BOY |
| EOY | 1380456 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15121137 | BOY |
| EOY | 14787614 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 114856 | BOY |
| EOY | 3495 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13000000 | BOY |
| EOY | 13000000 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13114856 | BOY |
| EOY | 13003495 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1979781 | BOY |
| EOY | 1758619 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26500 | BOY |
| EOY | 25500 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2006281 | BOY |
| EOY | 1784119 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15121137 | BOY |
| EOY | 14787614 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 3618770 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1771650 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1846427 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1941390 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1621726 | CurrentTaxYear |
| Total | 10799963 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 3618770 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1771650 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1846427 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1941390 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1621726 | CurrentTaxYear |
| Total | 10799963 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 345894 | AmountsSubstContributorsTotal |
| Public Support Total170 | 10454069 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 119289 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1089616 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 862019 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 804389 | CurrentTaxYearMinus1Year |
| Current Tax Year | 802397 | CurrentTaxYear |
| Total | 3677710 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 14477673 | TotalSupport |
| Gross Receipts From Admissions Etc | 3499538 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.72210 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.80900 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
Total Grassroots Lobbying TotalGrassrootsLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 0 | FilingOrganizationsTotals |
Total Direct Lobbying TotalDirectLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 118650 | FilingOrganizationsTotals |
Total Lobbying Expenditures TotalLobbyingExpenditures
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 118650 | FilingOrganizationsTotals |
Other Exempt Purpose Expenditures OtherExemptPurposeExpenditures
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 2818315 | FilingOrganizationsTotals |
Total Exempt Purpose Expenditures TotalExemptPurposeExpenditures
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 2936965 | FilingOrganizationsTotals |
Lobbying Nontaxable LobbyingNontaxableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 296848 | FilingOrganizationsTotals |
Grassroots Nontaxable GrassrootsNontaxableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 74212 | FilingOrganizationsTotals |
Tot Lobbying Grassroot Minus Non Tx TotLobbyingGrassrootMinusNonTx
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 0 | FilingOrganizationsTotals |
Tot Lobby Expend Mns Lobbying Nontx TotLobbyExpendMnsLobbyingNontx
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 0 | FilingOrganizationsTotals |
Lobbying Nontaxable Amount2 LobbyingNontaxableAmount2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus2 | 288767 | CurrentYearMinus2 |
| Current Year Minus1 | 289042 | CurrentYearMinus1 |
| Current Year | 296848 | CurrentYear |
| Total | 874657 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lobbying Ceiling | $1,311,986 | LobbyingCeilingAmount |
Total Lobbying Expenditures2 TotalLobbyingExpenditures2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus2 | 67980 | CurrentYearMinus2 |
| Current Year Minus1 | 93967 | CurrentYearMinus1 |
| Current Year | 118650 | CurrentYear |
| Total | 280597 | Total |
Grassroots Nontaxable Amount2 GrassrootsNontaxableAmount2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus2 | 72192 | CurrentYearMinus2 |
| Current Year Minus1 | 72261 | CurrentYearMinus1 |
| Current Year | 74212 | CurrentYear |
| Total | 218665 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grassroots Ceiling | $327,998 | GrassrootsCeilingAmount |
Schedule D IRS990ScheduleD
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 11382617 | OtherCostOrOtherBasis |
| Depreciation | 1324029 | Depreciation |
| Book Value | 10058588 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1302726 | OtherCostOrOtherBasis |
| Depreciation | 783148 | Depreciation |
| Book Value | 519578 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 13990 | OtherCostOrOtherBasis |
| Depreciation | 12547 | Depreciation |
| Book Value | 1443 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 10579609 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (3 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| DEFERRED FINANCING COST, NET | 54083 |
| dEFERRED RENT | 1285646 |
| Intercompany Receivable-ADMHS | 40727 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 1380456 | TotalBookValueOtherAssets |
| Total Revenue | 2638563 | TotalRevenue |
| Total Expenses | 2936965 | TotalExpenses |
| Excess Or Deficit For Year | -298402 | ExcessOrDeficitForYear |
| Donated Services And Facilities | 76240 | DonatedServicesAndFacilities |
| Total Adjustments | 76240 | TotalAdjustments |
| Excess Or Deficit Per FS | -222162 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 3072193 | TotRevenueEtcAuditedFinclStmt |
| Donated Srvc And Use Of Facilities | 76240 | DonatedSrvcAndUseOfFacilities |
| Other Revenues | 357390 | OtherRevenues |
| Revenue Not Rptd F990 | 433630 | RevenueNotRptdF990 |
| Revenue Subtotal | 2638563 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 2638563 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 3294355 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 357390 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 357390 | ExpensesNotRptdF990 |
| Expenses Subtotal | 2936965 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 2936965 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Part X: | Description of Uncertain Tax Positions Under FIN 48: | The Organization is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code. FASB Accounting Standards Codification 740 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 standard to its financial statements. Management is not aware of any material uncertain tax positions, and has not accrued the effect of any uncertain tax positions as of June 30, 2010. 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 2006. The Organization recognizes interest and penalties incurred, if any, related to income tax positions as other interest expense and penalties expense, respectively. |
| Part XII, Line 2d - Other Adjustments: | Special Events direct expenses: 357390. | |
| Part XIII, Line 2d - Other Adjustments: | Special Events direct expenses: 357390. |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | Tennis Ball | NameOfEvent1 |
| Gross Receipts Event1 | 571830 | GrossReceiptsEvent1 |
| Gross Revenue Event1 | 571830 | GrossRevenueEvent1 |
| Cash Prizes Event1 | 10000 | CashPrizesEvent1 |
| Non Cash Prizes Event1 | 9836 | NonCashPrizesEvent1 |
| Rent Facility Costs Event1 | 21000 | RentFacilityCostsEvent1 |
| Other Direct Expenses Event1 | 316554 | OtherDirectExpensesEvent1 |
| Gross Receipts Total | 571830 | GrossReceiptsTotal |
| Gross Revenue Total Events | 571830 | GrossRevenueTotalEvents |
| Cash Prizes Total Events | 10000 | CashPrizesTotalEvents |
| Non Cash Prizes Total Events | 9836 | NonCashPrizesTotalEvents |
| Rent Facility Costs Total Events | 21000 | RentFacilityCostsTotalEvents |
| Other Direct Expenses Total Events | 316554 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 357390 | DirectExpenseSummaryEvents |
| Net Income Summary | 214440 | NetIncomeSummary |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Charter Facilities Funding | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Date Issued | 2006-08-27 | DateIssued |
| Issue Price | 13000000 | IssuePrice |
| Description Of Purpose | To finance expansion of Middle & High School Buildings | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Proceeds | 13000000 | TotalProceeds |
| Issuance Costs From Proceeds | 2215000 | IssuanceCostsFromProceeds |
| Capital Expenditures | 10785000 | CapitalExpenditures |
| Year Of Subst Completion | 2007 | YearOfSubstCompletion |
| Current Refunding | 0 | CurrentRefunding |
| Advance Refunding | 0 | AdvanceRefunding |
| Final Allocation Made | 1 | FinalAllocationMade |
| Adequate Books And Recds Maintaind | 1 | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | 0 | OwningBondFinancedProperty |
| Any Lease Arrangements | 0 | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | 0 | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | 0 | AnyResearchAgreements |
| Bond Counsel Routinely Engaged | 0 | BondCounselRoutinelyEngaged |
| Post Issuance Compliance Procdrs | 1 | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | 0 | Form8038TFiled |
| Variable Rate Issue | 0 | VariableRateIssue |
| Hedge Identified In Books And Recds | 0 | HedgeIdentifiedInBooksAndRecds |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | 0 | GrossProceedsInvested |
| Exception To Rebate | 0 | ExceptionToRebate |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Walter Segaloff | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | CEO | Relationship |
| Amount Of Transaction | 62787 | AmountOfTransaction |
| Description Of Transaction | Lease office and storage space. MR. Segaloff is the 100% shareholder in Wss Group. An Achievable Dream, Inc. leases an office facility and storage space from WSS Group. | DescriptionOfTransaction |
| Sharing Of Revenues | 0 | SharingOfRevenues |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| Form 990, Part VI, Section B, line 11 | A copy of the 990 was mailed to the board members before filing. | |
| Form 990, Part VI, Section B, line 15b | 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 2c | The finance committee is responsible for selection of the independent accountant. | Line Explanation |
| 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. | Line Explanation |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ADm & HS LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10858 Warwick Boulevard Suite A | AddressLine1 |
| City | Newport News | City |
| State | VA | State |
| ZIP Code | 23601 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 541621932 | EIN |
| Primary Activities | School Renovation/Expansion | PrimaryActivities |
| Legal Domicile State | VA | LegalDomicileState |
| Total Income | 473478 | TotalIncome |
| EOY Assets | 12536971 | EOYAssets |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | An Achievable Dream Inc | BusinessNameLine1 |