The American Dream Charter School

Nonprofit profile at a glance

EIN
464377912
IRS 990 coverage
2014–2024
Forms available
Form 990 2024, Form 990-EZ 2013
Location
Bronx, NY, USA
Phone
7185853071
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Charter Schools

Official website

Reported finances

Revenue
$16,005,144
Expenses
$16,450,008
Assets
$37,666,530
Liabilities
$32,485,482

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

Highest reported compensation

  • MELISSA MELKONIAN (PRINCIPAL): $286,373 total reported compensation
  • NICHOLAS GALLAGHER (CHIEF OF STAFF): $223,755 total reported compensation
  • BEATRIZ BANUELOS (MIDDLE SCHOOL DIREC.): $216,520 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The american dream school's mission is to develop academic excellence in both spanish and english, preparing students in grades 6-12 to excel in college.

What it reported doing in 2024

The 2024-25 school year marked our eleventh year of operation. During this year, we served the following grades and student populations: 6th grade: 88 students 7th grade: 87 students 8th grade: 88 students 9th grade: 96 students 10th grade: 97 students 11th grade: 80 students 12th grade: 65 students our mission continues to guide every aspect of our work as we strive to develop academic excellence in both spanish and english, preparing our middle and high school students to excel in college. During the 2024-25 school year, we continued to focus on recruiting and retaining a highly qualified teaching staff, further improving student learning outcomes, and fostering a supportive and inclusive school environment. We operated a thriving after-school program, offering students a variety of academic support and enrichment activities, sports, science olympiad, and girls on the run, among others. We also provided opportunities for parent engagement, continuing after-school parent workshops and hosting monthly "cafecito con la directora" meetings to strengthen our school community and ensure open communication. Throughout the 2024-25 school year, we remained committed to providing exceptional instruction, emotional support, and family engagement. Our high school graduated its fifth senior class, the majority of earned the New York state seal of biliteracy and whom were accepted to a community college or university. This accomplishment reflects the hard work of our students, families, and staff. As in previous years, our middle school campus could not accommodate the additional high school grades. Consequently, adcs continues to operate as a split-campus school, with middle school grades co-located in a nyc doe building and high school grades housed in private, rented space. This arrangement ensures that we can meet the needs of our students while continuing to deliver on our mission.

Operating model

Revenue model
Earned-program. 81% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 70
  • Transparency & Controls: 70
  • Accountability: 95
  • Sustainability: 34
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 79.5%; rating input score 79
  • Program expense ratio: 78.9%; rating input score 79
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -2.8%; rating input score 21; 21st percentile among comparable filings
  • Total-asset coverage ratio: 2.29; rating input score 66; 66th percentile among comparable filings
  • Liabilities to assets ratio: 0.86; rating input score 12; 12th percentile among comparable filings
  • Officer compensation ratio: 7.7%; rating input score 32; 32nd percentile among comparable filings

Growth

  • Program expense growth: 17.5% per year; rating input score 100; 87th percentile among comparable filings
  • Revenue growth: 17.6% per year; rating input score 100; 90th percentile among comparable filings
  • Asset growth: 30.6% per year; rating input score 100; 96th percentile among comparable filings

Details

  • Where the money goes: 79.5% of revenue deployed · 78.9% of spending went to programs
  • Governance: 5 of 5 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $13M in reported program spending
  • Leadership: top reported pay $286K · 11 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $1.7M reported
  • Consistency: 29 of 29 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 11 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 21/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Sustainability: Liabilities to assets ratio scored 12/100.
  • Moderate — Sustainability: Officer compensation ratio scored 32/100.