DREAM CHARTER SCHOOL

EIN: 261841386 501(c)(3) Education

NEW YORK, NY

Total Revenue
$67,472,384
Total Expenses
$75,097,137
Total Assets
$319,180,120
Net Assets
$-1,829,446
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
NY
Principal Officer
EVE COLAVITO
Phone
2127221608
Tax Period
2024-07-01 to 2025-06-30

DREAM CHARTER SCHOOL, founded in 2008, is a mid-sized nonprofit in the Education sector that reported $67.5M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $75.1M exceeded revenue, resulting in a 11% operating deficit.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $60,055,857 Revenue: $48,521,778

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...

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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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $18,452,045
Program Service Revenue $48,403,754
Investment Income $498,561
Other Revenue $118,024
TOTAL REVENUE $67,472,384

Expense Breakdown

Grants Paid $13,612
Salaries & Benefits $34,186,407
Fundraising Expenses $1,313,932
Program Expenses $60,055,857
Other Expenses $40,897,118
TOTAL EXPENSES $75,097,137

Year-over-Year Comparison

2024 2023 Change
Revenue $67,472,384 $53,134,454 +0.3%
Expenses $75,097,137 $53,531,063 +0.4%
Net Income $-7,624,753 $-396,609 +18.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
541
Volunteers
290

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ADAM MILLER TRUSTEE 1.00
Director
$0 $0 $0
ASHISH DOSHI CHAIRMAN 1.00
Officer Director
$0 $0 $0
CHARLIE HOWE TREASURER 1.00
Officer Director
$0 $0 $0
DON SAWYER III TRUSTEE 1.00
Director
$0 $0 $0
EMILY STECHER TRUSTEE 1.00
Director
$0 $0 $0
LIZ RICH TRUSTEE 1.00
Director
$0 $0 $0
MICHELE JOERG VICE CHAIR & SECRETARY 1.00
Officer Director
$0 $0 $0
VICKI ZUBOVIC TRUSTEE 1.00
Director
$0 $0 $0
VILAS KUCHINAD TRUSTEE 1.00
Director
$0 $0 $0
ZAINAB ALI TRUSTEE 1.00
Director
$0 $0 $0
EVE COLAVITO CONTRACTED CO-CEO 1.00
Officer
$0 $0 $0
JAMES DICOSMO CONTRACTED CFO 1.00
Officer
$0 $0 $0
RICHARD BERLIN CONTRACTED CO-CEO 1.00
Officer
$0 $0 $0
ALISON SCHLOSS EAST HARLEM MIDDLE SCHOOL 40.00
Highest
$141,040 $40,663 $181,703
CORA NEVILLE HIGHBRIDGE MIDDLE SCHOOL 40.00
Highest
$166,588 $19,853 $186,441
JA'KEEL DANIELS HIGH SCHOOL PRINCIPAL 40.00
Highest
$155,877 $14,162 $170,039
LEXIS WHITE EAST HARLEM ELEMENTARY SCHOOL 40.00
Highest
$184,685 $17,238 $201,923
SHANNEL RICHARDSON HIGHBRIDGE ELEMENTARY SCHOOL 40.00
Highest
$147,160 $22,207 $169,367
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $67,472,384 $75,097,137 $319,180,120 $-7,624,753
2024 $53,134,454 $53,531,063 $193,224,269 $-396,609
2023 $42,205,725 $45,087,328 $187,346,139 $-2,881,603
2022 $33,701,299 $33,782,285 $9,734,616 $-80,986
2021 $29,990,882 $24,559,577 $10,400,042 $5,431,305
2020 $20,550,855 $19,899,749 $6,916,243 $651,106
2019 $18,289,809 $16,993,565 $4,176,990 $1,296,244
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