Nonprofit · EIN 59-3514841
US DREAM ACADEMY INC
Tax-exempt · SILVER SPRING, MD 20910
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,149,795 | $4,073,909 | $1,075,886 | $3,928,132 | $97,670 | $3,830,462 |
| December 31, 2023 | 990 | $5,424,975 | $4,041,022 | $1,383,953 | $3,039,997 | $285,421 | $2,754,576 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $5,189,884
- of which government grants
- $2,868,468
- Program service revenue
- $0
- Investment income
- $84,068
- Net income from fundraising events
- -$130,351
- Other revenue
- -$124,157
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $368,150
- Other salaries and wages
- $1,930,768
- Salaries, compensation and benefits (total)
- $2,710,237
- Professional fundraising fees
- $0
- Legal fees
- $14,297
- Accounting fees
- $123,781
- Occupancy
- $30,002
- Program services (functional)
- $2,763,200
- Management and general (functional)
- $926,744
- Fundraising (functional)
- $383,965
Balance sheet and other
- Total assets, start of year
- $3,039,997
- Total assets, end of year
- $3,928,132
- Total liabilities, end of year
- $97,670
- Net assets, end of year
- $3,830,462
- Net assets without donor restrictions
- $3,621,278
- Net assets with donor restrictions
- $209,184
- Gross receipts
- $5,332,278
- Employees
- 76
- Volunteers
- 163
- Year formed
- 2000
- State of legal domicile
- MD
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WINTLEY PHIPPS | PRESIDENT AND FOUNDER Trustee or director, Officer | 40 | $203,622 | $0 |
| C DIANE WALLACE BOOKER ESQ | CHIEF EXECUTIVE OFFICER Officer | 40 | $187,261 | $14,770 |
| ANDREW SCHMIDT | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| BROOKE M GANS | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| CARLYLE I HOLDER | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| CARLYLE WALTON | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| CHAD WILLIAMS | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| CHAPLAIN BARRY C BLACK | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| DAVID R WILLIAMS | EMERITUS Trustee or director | 2 | $0 | $0 |
| FELISMINA ANDRADE | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| GEORGE JOHNSON | EMERITUS Trustee or director | 2 | $0 | $0 |
| JODY VICTOR | EMERITUS Trustee or director | 2 | $0 | $0 |
| JOE VICTOR | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| MARISSA C LESLIE | CHAIR-ELECT Trustee or director | 2 | $0 | $0 |
| MICHAEL GRIFFIN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SAM CARTER | BOARD MEMBER Trustee or director | 2 | $0 |
| SANDRA L RANDOLPH | PAST CHAIR Trustee or director, Officer | 2 | $0 |
| SHEILA HODGKIN | BOARD MEMBER Trustee or director | 2 | $0 |
| SIMON T BAILEY | BOARD MEMBER Trustee or director | 2 | $0 |
| YUESHA CHEN | TREASURER Trustee or director, Officer | 2 | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WINTLEY PHIPPS | FOUNDER/PRESIDENT/CEO Trustee or director, Officer | 40 | $196,081 |
| C DIANE WALLACE BOOKER ESQ | CHIEF STATEGY OFFICER & EX Officer | 40 | $172,069 |
| ANDREW SCHMIDT | SECRETARY Trustee or director, Officer | 2 | $0 |
| BROOKE M GANS | BOARD MEMBER Trustee or director | 2 | $0 |
| CARLYLE I HOLDER | BOARD MEMBER Trustee or director | 2 | $0 |
| CARLYLE WALTON | BOARD MEMBER Trustee or director | 2 | $0 |
| CHAD WILLIAMS | BOARD MEMBER Trustee or director | 2 | $0 |
| CHAPLAIN BARRY C BLACK | BOARD MEMBER Trustee or director | 2 | $0 |
| DAVID R WILLIAMS | EMERITUS Trustee or director | 2 | $0 |
| FELISMINA ANDRADE | BOARD MEMBER Trustee or director | 2 | $0 |
| GEORGE JOHNSON | EMERITUS Trustee or director | 2 | $0 |
| JODY VICTOR | EMERITUS Trustee or director | 2 | $0 |
| JOE VICTOR | BOARD MEMBER Trustee or director | 2 | $0 |
| MARISSA C LESLIE | CHAIR-ELECT Trustee or director | 2 | $0 |
| MICHAEL GRIFFIN | BOARD MEMBER Trustee or director | 2 | $0 |
| SAM CARTER | BOARD MEMBER Trustee or director | 2 | $0 |
| SANDRA L RANDOLPH | PAST CHAIR Trustee or director, Officer | 2 | $0 |
| SHEILA HODGKIN | BOARD MEMBER Trustee or director | 2 | $0 |
| SIMON T BAILEY | BOARD MEMBER Trustee or director | 2 | $0 |
| YUESHA CHEN | TREASURER Trustee or director, Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 8807 COLESVILLE ROAD, SILVER SPRING, MD 20910-4346
- Principal officer (990 for 2024)
- C DIANE WALLACE BOOKER, 8807 COLESVILLE ROAD 5TH FLOOR, SILVER SPRING, MD 20910
- Signed the 990
- C DIANE WALLACE BOOKER ESQ, CHIEF EXECUTIVE OFFICER
- Phone
- (410) 772-7143
- Website
- WWW.USDREAMACADEMY.ORG
- Return prepared by
- CRI ADVISORS LLC
Mission
YOUTH EDUCATION TRAINING PROGRAMS
Program accomplishments
- U.S. DREAM ACADEMY MISSION IS TO INSPIRE AND INVEST IN THE LIVES OF CHILDREN OF INCARCERATED PARENTS AND FAMILIES IN COMMUNITIES HARMED BY SYSTEMIC INEQUITIES. U.S. DREAM ACADEMY LEARNING CENTERS ARE LOCATED IN UNDER-INVESTED NEIGHBORHOODS - WHERE YOUNG PEOPLE ARE GROWING UP AMIDST HIGH RATES OF POVERTY AND OFTEN HIGHER THAN AVERAGE RATES OF CRIME IN THEIR COMMUNITIES. U.S. DREAM ACADEMY OFFERS IN-SCHOOL PROGRAMS ALONG WITH A SAFE PLACE TO GO EVERY DAY AFTER SCHOOL. WE INCLUDE ACADEMIC SUPPORT, MENTORS, DREAM BUILDING ACTIVITIES, LEADERSHIP OPPORTUNITIES, AND A PLACE TO EXPLORE NEW OPTIONS FOR THEIR FUTURE. YOUNG PEOPLE COMMIT AN ADDITIONAL 11 - 15 HOURS A WEEK TO DEDICATE THEMSELVES TO SKILL BUILDING, CHARACTER BUILDING AND PREPARING FOR THEIR FUTURE DREAMS.Expenses $2,763,200
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 59-3514841
- 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
- 2000
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O50)
- Assets (IRS master file)
- $3,928,132
- Income (IRS master file)
- $5,332,278
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,149,795 | $4,073,909 | $3,928,132 | IRS |
| 990 | December 2023 | $5,424,975 | $4,041,022 | $3,039,997 | XML |
| 990 | December 2022 | $4,347,297 | $3,526,020 | $1,720,026 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 59-3514841).
Questions about US DREAM ACADEMY INC
- What is the EIN of US DREAM ACADEMY INC?
- The employer identification number (EIN) of US DREAM ACADEMY INC is 59-3514841.
- Is US DREAM ACADEMY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to US DREAM ACADEMY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does US DREAM ACADEMY 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 US DREAM ACADEMY INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did US DREAM ACADEMY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of US DREAM ACADEMY INC?
- The 990 for the year ended December 31, 2024 names C DIANE WALLACE BOOKER.
- Who are the officers and directors of US DREAM ACADEMY INC?
- The 990 for the year ended December 31, 2024 lists 20 people; 2 received compensation from the organization, the highest $203,622 (WINTLEY PHIPPS, PRESIDENT AND FOUNDER).
- How much revenue does US DREAM ACADEMY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,149,795, expenses of $4,073,909 and total assets of $3,928,132 at year end.
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