Nonprofit · EIN 26-1392573
ACHIEVABLE DREAM ENDOWMENT INC
Tax-exempt · NEWPORT NEWS, VA 23601
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,513,528 | $2,593,919 | -$80,391 | $31,268,559 | $916,567 | $30,351,992 |
| June 30, 2024 | 990 | $1,187,241 | $2,388,311 | -$1,201,070 | $31,099,588 | $1,418,216 | $29,681,372 |
| June 30, 2023 | 990 | -$155,104 | $1,929,891 | -$2,084,995 | $29,008,049 | $879,017 | $28,129,032 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $230,218
- Program service revenue
- $0
- Investment income
- $2,283,756
- Net gain from sales of assets
- $1,566,640
- Other revenue
- -$446
Expenses
- Grants and similar amounts paid
- $1,690,299
- Other salaries and wages
- $604,945
- Salaries, compensation and benefits (total)
- $604,945
- Professional fundraising fees
- $0
- Legal fees
- $6,055
- Accounting fees
- $30,709
- Program services (functional)
- $2,048,336
- Management and general (functional)
- $458,401
- Fundraising (functional)
- $87,182
Balance sheet and other
- Total assets, start of year
- $31,099,588
- Total assets, end of year
- $31,268,559
- Total liabilities, end of year
- $916,567
- Net assets, end of year
- $30,351,992
- Publicly traded securities
- $27,943,595
- Net assets without donor restrictions
- $20,482,815
- Net assets with donor restrictions
- $9,869,177
- Gross receipts
- $19,404,394
- Employees
- 0
- Volunteers
- 9
- Year formed
- 2007
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ED David | Secretary/Treasurer Trustee or director, Officer | 1 | $0 |
| Anne Conner | Director Trustee or director | 1 | $0 |
| Tim Dykstra | Chair Trustee or director, Officer | 1 | $0 |
| William Ermatinger | Director Trustee or director | 1 | $0 |
| Marvin Friedberg | Vice Chairman Trustee or director, Officer | 1 | $0 |
| Gordon Gentry | Director Trustee or director | 1 | $0 |
| Aubrey L Layne Jr | Director Trustee or director | 1 | $0 |
| Steve Roberts | Director Trustee or director | 1 | $0 |
| Bill Downey | Director Trustee or director | 1 | $0 |
| Lee Vreeland | CEO Officer | 2 | $0 |
| Amanda Rose | CFO Officer | 2 | $0 |
990 for the year ended June 30, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ED David | Secretary/Treasurer Trustee or director, Officer | 1 | $0 |
| Anne Conner | Director Trustee or director | 1 | $0 |
| Tim Dykstra | Chair Trustee or director, Officer | 1 | $0 |
| William Ermatinger | Director Trustee or director | 1 | $0 |
| Marvin Friedberg | Vice Chairman Trustee or director, Officer | 1 | $0 |
| Gordon Gentry | Director Trustee or director | 1 | $0 |
| Aubrey L Layne Jr | Director Trustee or director | 1 | $0 |
| Steve Roberts | Director Trustee or director | 1 | $0 |
| Bill Downey | Director Trustee or director | 1 | $0 |
| Lee Vreeland | CEO Officer | 2 | $0 |
| Amanda Rose | CFO Officer | 2 | $0 |
990 for the year ended June 30, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ED David | Secretary/Treasurer Trustee or director, Officer | 1 | $0 |
| Anne Connor | Director Trustee or director | 1 | $0 |
| Tim Dykstra | Chairman Trustee or director, Officer | 1 | $0 |
| William Ermatinger | Director Trustee or director | 1 | $0 |
| Marvin Friedberg | Vice Chairman Trustee or director, Officer | 1 | $0 |
| Gordon Gentry | Director Trustee or director | 1 | $0 |
| Aubrey L Lane Jr | Director Trustee or director | 1 | $0 |
| Steve Roberts | Director Trustee or director | 1 | $0 |
| Lee Vreeland | CEO Officer | 2 | $0 |
| Amanda Rose | CFO Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 10858 WARWICK BLVD A, NEWPORT NEWS, VA 23601-3741
- In care of
- % E D DAVID
- Principal officer (990 for 2024)
- Amanda Rose, 10858 Warwick Blvd A, Newport News, VA 23601
- Signed the 990
- Amanda Rose, VP of Finance & Adminstration/CFO
- Phone
- (757) 599-9472
- Website
- www.achievabledream.org
- Return prepared by
- PBMares LLP
Mission
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.
Program accomplishments
- To provide support for programs assisting students with social risk factors.Expenses $2,048,336 · grants $1,690,299
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 26-1392573
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2008
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $31,268,559
- Income (IRS master file)
- $19,404,394
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,513,528 | $2,593,919 | $31,268,559 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $1,187,241 | $2,388,311 | $31,099,588 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | -$155,104 | $1,929,891 | $29,008,049 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $2,743,275 | $1,761,860 | $27,316,592 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-1392573).
Questions about ACHIEVABLE DREAM ENDOWMENT INC
- What is the EIN of ACHIEVABLE DREAM ENDOWMENT INC?
- The employer identification number (EIN) of ACHIEVABLE DREAM ENDOWMENT INC is 26-1392573.
- Is ACHIEVABLE DREAM ENDOWMENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to ACHIEVABLE DREAM ENDOWMENT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ACHIEVABLE DREAM ENDOWMENT INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ACHIEVABLE DREAM ENDOWMENT INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ACHIEVABLE DREAM ENDOWMENT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of ACHIEVABLE DREAM ENDOWMENT INC?
- The 990 for the year ended June 30, 2025 names Amanda Rose.
- Who are the officers and directors of ACHIEVABLE DREAM ENDOWMENT INC?
- The 990 for the year ended June 30, 2025 lists 11 people; 0 received compensation from the organization.
- How much revenue does ACHIEVABLE DREAM ENDOWMENT INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,513,528, expenses of $2,593,919 and total assets of $31,268,559 at year end.
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