AFRICAN DREAM ACADEMY FOUNDATION INCORPORATED

EIN: 331162803 501(c)(3) International Affairs

NEW YORK, NY

Total Revenue
$388,212
Total Expenses
$436,417
Total Assets
$148,659
Net Assets
$147,264
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
IN
Principal Officer
LYDIA SPINELLI
Phone
8888655217
Tax Period
2023-01-01 to 2023-12-31

AFRICAN DREAM ACADEMY FOUNDATION INCORPORATED, founded in 2007, is a small nonprofit in the International Affairs sector that reported $388K in total revenue in fiscal year 2023. Expenses of $436K exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PROVIDE SUPPORT FOR A SCHOOL THAT EDUCATES, TRAINS AND PROVIDES COUNSELING AND GUIDANCE TO UNDERPRIVILEGED CHILDREN FROM NURSING SCHOOL TO HIGH SCHOOL LOCATED IN LIBERIA, WEST AFRICA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $388,212
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $388,212

Expense Breakdown

Grants Paid $360,842
Salaries & Benefits $17,728
Fundraising Expenses $588
Program Expenses $379,869
Other Expenses $57,847
TOTAL EXPENSES $436,417

Year-over-Year Comparison

2023 2022 Change
Revenue $388,212 $360,798 +0.1%
Expenses $436,417 $499,547 -0.1%
Net Income $-48,205 $-138,749 -0.7%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
16
Employees
1
Volunteers
16

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
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LYDIA SPINELLI PRESIDENT 10.00
Officer Director
$0 $0 $0
GRACEY STODDARD VICE PRESIDENT 20.00
Officer Director
$0 $0 $0
HEIDI R LEISER VICE PRESIDENT 10.00
Officer Director
$0 $0 $0
DARYL DAVIS SECRETARY 2.00
Officer Director
$0 $0 $0
RICHARD D RIPPE TREASURER 2.00
Officer Director
$0 $0 $0
BLANCHE G MANSFIELD DIRECTOR 2.00
Director
$0 $0 $0
CHRISTINE GARRISON DIRECTOR 2.00
Director
$0 $0 $0
INZATA FOFANA DIRECTOR 2.00
Director
$0 $0 $0
JACQUELINE L CURIEL DIRECTOR 2.00
Director
$0 $0 $0
JENNIFER COYLE DIRECTOR 2.00
Director
$0 $0 $0
KATHRYN SMERLING DIRECTOR 2.00
Director
$0 $0 $0
NATASHA BERGREEN DIRECTOR 2.00
Director
$0 $0 $0
OLIVER T MOSES DIRECTOR 5.00
Director
$0 $0 $0
ROBERT MCCRIE DIRECTOR 2.00
Director
$0 $0 $0
SAM SERAPHIM DIRECTOR 2.00
Director
$0 $0 $0
WILLIAM HARDIE DIRECTOR 2.00
Director
$0 $0 $0
REV SAMUEL R ENDERS FOUNDER & EXECUTIVE DIRECTOR 40.00
Officer
$0 $0 $0
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
2024 No data No data No data No data
2023 $388,212 $436,417 $148,659 $-48,205
2022 $360,798 $499,547 $197,940 $-138,749
2021 $633,909 $504,326 $334,218 $129,583
2020 $582,949 $513,027 $205,325 $69,922
2019 $827,596 $812,562 $134,913 $15,034
2018 $479,636 $399,024 $125,335 $80,612
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