Overview

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Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

DREAMS ACADEMY is a nonprofit organization focused on adult education, specifically aimed at mentoring young Black males aged 10-15 through a network of professional African American males. With an operating budget of $185.7K and total revenue of $184.7K for the filing year 2024, the organization conducts weekly sessions that promote soft skills, problem-solving, career guidance, and financial literacy. The organization does not rely on a single funder for 50% or more of its revenue and operates primarily in Akron, Ohio. More information can be found on their website at http://www.dreamsacademyakron.org/.

Mission Statement

TO PROVIDE A NETWORK OF PROFESSIONAL AFRICAN AMERICAN MALES TO MENTOR TEACH AND ULTIMATELY POSITIVELY AFFECT YOUNG BLACK MALES BY SOWING INTO THEIR MANHOOD DREAMS ACADEMY IS FOR YOUNG MEN AGES 10-15. THEY MEET ON MONDAY EVENINGS AND THE DURING THE 8 WEEKS STUDENTS WILL EXPERIENCE AND BE EXPOSED TO ACTIVITIES AND THOUGHT-PROVOKING DIALOGUE THAT WILL HOLISTICALLY ENCOURAGE AND TEACH SOFT SKILLS PROBLEM SOLVING CAREER GUIDANCE AND FINANCIAL LITERACY. THESE SESSIONS WILL BE TAUGHT BY PREDOMINANTLY AFRICAN-AMERICAN MALE PROFESSIONALS THAT PRESENTLY WORK IN A MULTITUDE OF FIELDS AND VOCATIONS.
Revenues
$184.7K
Expenses
$185.7K
Net Income:
-$994
Assets
$2.4K
Liabilities
N/A
Net Assets:
N/A
Operating Budget
$185.7K
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
2
Median grant size
$6.5K
Largest grant received
$7K
Z
Zachary Kohl
Board Member
H
Herman Matherson
Board Member
B
Brandon Scarborough
Board Member

Frequently Asked Questions

What is DREAMS ACADEMY’s budget?
In 2024, DREAMS ACADEMY reported an annual operating budget of around $186 thousand. More detailed financial information is available to registered users.
What causes does DREAMS ACADEMY support?
DREAMS ACADEMY supports work in Adult education.
Where does DREAMS ACADEMY operate?
DREAMS ACADEMY is headquartered in Akron, OH.
Who funded DREAMS ACADEMY recently?
In 2025, DREAMS ACADEMY received grants from AKRON COMMUNITY FOUNDATION, AMERICAN ONLINE GIVING FOUNDATION INC, and AKRON COMMUNITY FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant DREAMS ACADEMY received in 2024?
The largest grant to DREAMS ACADEMY in 2024 exceeds $7,028.