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The American Dream Charter School

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 464377912 ✦ Bronx, NY ✦ Designated as a 501(c)(3)

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Overview

What is The American Dream Charter School?

The American Dream Charter School is a nonprofit institution based in the Bronx, New York, with a workforce of 94 employees. Established eight years ago, it serves students from 6th to 12th grade, with a focus on academic excellence in both Spanish and English to prepare them for college. During the 2021-22 school year, they welcomed 6th to 11th graders, with approximately 80 students per grade. The school's mission is to foster academic growth while providing a supportive environment. In the 2021-22 academic year, the American Dream Charter School prioritized hiring a highly qualified teaching team, enhancing student learning outcomes, and refining their school environment. They successfully resumed their after-school program, which offered activities such as homework help, robotics, music, soccer, science Olympiad, Girls on the Run, chess, and a renowned debate team. Additionally, they continued hosting parent workshops and fostering a strong community through monthly meetings. The 2021-22 school year commenced fully in-person, offering traditional routines and exceptional instruction, emotional support, and family engagement. The school graduated its second class, most of whom were accepted into community colleges or universities. Due to space constraints, the middle and high school grades are now housed in separate locations, with the high school in a permanent building within walking distance of the middle school campus.


Official website here: www.theamericandreamschool.org

What are the reviews and ratings of this charity?

Charity Navigator rates The American Dream Charter School with an 81%, awarding it a Three-Star out of Four Star rating. This score is primarily based on the organization's Accountability and Finance measures, indicating a solid financial standing and responsible governance practices.

The school's governance is characterized by a fully independent board, with all eight members meeting the criteria for independence. The board's size and composition, along with high scores in financial oversight and conflict of interest policies, reflect strong accountability measures. Additionally, the program expense ratio of 81.18% suggests that a significant portion of funding is directed towards educational programs, which is a positive indicator for stakeholders.

However, while the organization demonstrates commendable financial health and accountability, details on specific program outcomes or educational effectiveness were not provided in the data. As a result, potential donors or supporters might seek further insights into the impact of the school’s programs to make a more informed decision.


This AI summary has been generated from information found on Charity Navigator.

Is The American Dream Charter School legitimate?

The American Dream Charter School is a legitimate nonprofit organization registered as a 501(c)(3) entity. The American Dream Charter School submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $231,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,819,544

For more financial information, click here


Official website here: www.theamericandreamschool.org

What is the mission statement of The American Dream Charter School?

The American Dream Charter School's mission revolves around academic excellence for students in grades 6-12, with a focus on both Spanish and English instruction. This school's primary goal is to prepare its middle and high school students for success in college. During the 2021-22 school year, the school prioritized hiring a highly qualified teaching staff, enhancing student learning outcomes, and refining a supportive school environment. The after-school program, which includes homework help, robotics, music, soccer, and other activities, resumed operation. Parent workshops and community meetings, known as "Cafecito con la Directora," were also continued. Instruction, emotional support, and family support were provided exceptionally during the fully operational in-person 2021-22 school year. The school graduated its second class, most of whom were accepted into community colleges or universities. Due to space constraints, the middle and high school campuses are now split, with the middle school at a NYC DOE building and the high school in private, rented space. In the summer of 2020, the high school moved into a permanent building, where the school signed a long-term lease. This new location is close to the middle school campus, making it easily accessible to students and families.


Official website here: www.theamericandreamschool.org

Who is the CEO of The American Dream Charter School?

Melissa Melkonian is the Chairman of The American Dream Charter School.


Official website here: www.theamericandreamschool.org

What is the revenue of The American Dream Charter School?

The American Dream Charter School's revenue in 2022 was $14,334,867.


Official website here: www.theamericandreamschool.org

Who are the executives of The American Dream Charter School and what are their salaries?

The average compensation at The American Dream Charter School during 2022 was $85,644. There are 94 employees and 13 volunteers at The American Dream Charter School.


Here are 11 key members and their salaries:


Luz M Rojas (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Zuleika Martinez (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roselin Espinal (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Angelo Cabrera (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patricia Simon (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Teresa Hernandez (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melissa Melkonian (Principal)
  • Compensation: $231,000
  • Related: $0
  • Other: $6,413
Glory Carrion-Gomez (High School)
  • Compensation: $178,334
  • Related: $0
  • Other: $4,657
Nicholas Gallagher (Chief Of Sta)
  • Compensation: $171,000
  • Related: $0
  • Other: $20,162
Beatriz Banuelos (Middle Schoo)
  • Compensation: $160,430
  • Related: $0
  • Other: $12,462
Eddie Jimenez (Middle Schoo)
  • Compensation: $122,384
  • Related: $0
  • Other: $3,302


Official website here: www.theamericandreamschool.org

Where can I find the form 990 for The American Dream Charter School?

The American Dream Charter School's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.theamericandreamschool.org

Learn more at the official website: www.theamericandreamschool.org

Mission Statement of The American Dream Charter School

The American Dream Charter School is a mission-driven institution dedicated to fostering academic excellence in both Spanish and English for students in grades 6-12. Its primary goal is to prepare these middle and high school students for success in college. During the 2021-22 school year, the school served a total of 514 students across six grades.

The American Dream Charter School has consistently prioritized its mission, concentrating on cultivating a highly qualified teaching staff, improving student learning outcomes, and fine-tuning a supportive school environment. In the 2021-22 academic year, the school restarted its successful after-school program, which had been disrupted by the COVID-19 pandemic. The after-school offerings included homework help, robotics, music, soccer, Science Olympiad, Girls on the Run, chess, and an award-winning debate team. Parent workshops and community meetings, referred to as "Cafecito con la Directora," were also provided to strengthen the bond between parents and the school.

The 2021-2022 school year marked a return to traditional routines, with exceptional instruction, emotional support, and family support being provided. The school graduated its second class, most of whom had been accepted into community colleges or universities. Due to space constraints, the middle and high school grades were housed in separate locations: the middle school campus was co-located in an NYC DOE building, while the high school grades were situated in private, rented space. In the summer of 2020, the high school moved into a permanent building, signing a long-term lease. This new location was also in close proximity to the middle school campus, allowing easy access for students.

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Impact




October, 2024

The American Dream Charter School has made a significant impact on educational outcomes for students in the Bronx, focusing on academic excellence in both Spanish and English. Serving grades 6-12, the school has successfully cultivated a highly qualified teaching staff and created a supportive environment aimed at nurturing students' potential.

In the 2021-2022 school year, the school enrolled a diverse range of students across various grades, emphasizing their commitment to providing a well-rounded educational experience. The school's after-school programs, which include activities like homework help, robotics, music, soccer, and an award-winning debate team, enrich students' learning outside of the traditional classroom settings.

Moreover, the school places a strong emphasis on community engagement, holding regular meetings with parents to foster collaboration and support. This connection to families has enhanced the educational experience for students, ensuring that they receive both academic and emotional support.

The achievements of students are noteworthy, with nearly all graduates from the school's second graduating class being accepted into a community college or university, highlighting the effectiveness of the school's college preparatory focus. Despite challenges such as the need for a split campus to accommodate expanding student populations, The American Dream Charter School has maintained a commitment to excellence in education, preparing students to thrive in their academic and future professional endeavors.




This information is meant to be a general summary of The American Dream Charter School. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$14,334,867 (2022)
Expenses
$14,120,226 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $13,366
  • Program Service Revenue: $11,750,843
  • Gross Receipts: $14,334,867

Assets and Liabilities:

  • Total Assets: $8,589,010
  • Total Liabilities: $2,383,124
  • Net Assets: $6,205,886

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RESIDENT STUDENT ENROLLMENT

Revenue

$11,750,843

Organization Details

Founding Year

2013

Principal Officer

Melissa Melkonian

Main Address

510 EAST 141ST STREET 4TH FLOOR, BRONX, NY, 10454

NTEE Category

Code: B29 - Education

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