2008 Annual Report

i i | US DREAM ACADEMY | 2008 ANNUAL REPORT

From where Emiliano Richards sat—behind

bars at California’s isolated Pelican Bay

State Prison—he searched for a way to

make a difference with his new inheritance.

A GIFT TO REMEMBER

Then on his radio with a handmade antenna he heard Wintley Phipps talk about his vision for the

U.S. Dream Academy and keeping kids out of prison. Emiliano immediately knew what to do. With

$10,000, he became the Dream Academy’s fi rst major donor in 1999.

“For someone to believe in us that much, before we had even opened our fi rst Learning Center, was an

amazing feeling,” says Executive Director Diane Wallace Booker. “But it made perfect sense when we

realized how profoundly our mission had touched Emiliano, how much he wanted to keep even one

child from following his path.”

Over the years, Diane wondered what became of this young man. She found Emiliano through

the Internet.

At the 2008 Power of a Dream Gala,

Emiliano told the audience about being

released from prison on September 9, 2001

and relying on his faith to guide him through the national upheaval of 9/11 and on to new callings as

a pastor, a father, and a public speaker who helps young people stay focused on positive futures.

“I am thankful for the U.S. Dream Academy and what they are doing,” he told the audience.

Wintley Phipps was moved by Emiliano’s remarks, “To see how much his life has changed and be able

to thank him publicly for his early support was uplifting for the whole Dream Academy family.

One person can change so many other lives.”

Emiliano Richards

US DREAM ACADEMY | 2008 ANNUAL REPORT | 1

In 2008, we found special ways to celebrate

the U.S. Dream Academy’s fi rst decade.

WE RECONNECTED with our fi rst

major donor, who began actively helping young

people stay out of prison by making a gift while

he was incarcerated.

WE WITNESSEDone of our fi rst

students, now a high school senior, tell a crowd

of 500 her success story and her hopes of attend-

ing an Ivy League university.

WE HONORED our founding board

members and founding executive director

along with long-time, committed staff members,

who helped us lay the foundation for today’s

achievements.

Even as we looked back on our fi rst 10 years,

we saw that our world and our country face an

uncertain future. Economic upheaval, failing

institutions, and rising unemployment are taking

their toll. Too many families fi nd themselves with-

out a safety net. Our Dream Academy Learning

Centers have responded by trying to ensure food,

clothing, and basic necessities for our DreamKids’

families. After all, we are not just a mentoring

and afterschool program; we are also neighbors

who care.

Moreover, our committed donors have allowed

us to maintain our Dream Academy staff and

strengthen our programs. For this support, all of

us feel incredibly blessed.

In 2008, we joined the world in witnessing the

election of the fi rst African American President of

the United States. This historic moment infused

Learning Center communities with energy and

excitement. Our staff found new ways to engage

students in lessons about politics, history, and

good citizenship.

Of course, these civics lessons were also lessons

about dreams. As a result, our DreamKids today

understand more acutely that destiny is not cho-

sen for them, that they choose their destinies each

and every day.

We at the Dream Academy feel optimistic as well.

We look across this great country and, while we

see valleys to cross and mountains to climb, we

see greater human potential. Our work brings us

to America’s most impoverished communities,

but there is rekindled spirit and fresh hope in the

faces of those we meet. We fi nd a shared deter-

mination, an appreciation of opportunities that

emerge from hard work.

The generosity of you, our donors and support-

ers, helps us contribute to a new reality. You are

the Dream Academy’s partners as much as we

are your partners. Together, we can lift up the

next generation. Most important, we can start

with young people whose chances of success

once seemed very slim. Your belief in the Dream

Academy—and in them—fuels their hope.

Thank you for joining us in this life-changing

work. Thank you for daring to dream.

DA

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Wintley Phipps William C. Nelsen, Ph.D.

Founder and CEO Chairman

DEAR FRIENDS,

2 | US DREAM ACADEMY | 2008 ANNUAL REPORT

THE U.S. DREAM ACADEMY IS ALL ABOUT

BIG DREAMS. IF WE ASK CHILDREN AND

YOUNG PEOPLE TO REACH HIGH, WE CAN

DO NO LESS FOR THEM.

For 10 years now, our work has translated our

own dream of young people with better futures

into an effective, research-based program. Al-

ready, thousands of young lives have a better

chance for strong futures. Last year alone, our

dedicated staff and volunteer mentors reached

more than 1,000 at-risk youth.

2008 at a Glance

Growing the DreamTwo expansions in 2008 demonstrated the continu-ing roles of committed communities and effective partnerships in our success.

• First, the Indianapolis “Dream Team” Steer-ing Committee, led by the Governor’s Offi ce of Faith-Based and Community Services and USA Funds, was instrumental in bringing the Dream Academy to our tenth city. The Indy Dream Team met monthly for a year to raise funds and plan for a Learning Center at the John Marshall Community School. Dr. Eugene White, Superin-tendent of Indianapolis Public Schools, hand-picked this location, based on pressing student and community needs.

• In Memphis, our multi-site mentoring work with children of incarcerated parents was consolidated into a single site program at Alcy Elementary School, located in a neighborhood facing many challenges. This offered us the opportunity to implement our full afterschool program model. We soon enrolled 60 new students and retained a number of mentors, as some switched their schedules to come to Alcy to work with their DreamKids.

US DREAM ACADEMY | 2008 ANNUAL REPORT | 3

A World of Difference

“When I fi rst joined the Dream

Academy, I didn’t really have

leadership skills,” says Derrell.

“I was kind of shy and always had

an attitude problem.”

That was before Derrell was

matched with his mentor, Nathan.

Despite the rigors of being a medical

student at Johns Hopkins University,

Nathan carefully set aside time each

week to meet with Derrell, listen, and

share advice.

Derrell continued with the Dream

Academy through the eighth grade.

Now an 11th grader at Dunbar High

School, Derrell stays in touch with the

Dream Academy staff at Collington

and also with Nathan.

“The Dream Academy gave me

someone to talk to about situations I

used to have…about my father being

locked up ever since I was young,” he

says. “Talking with Nathan and seeing

how he was going to medical school

made me think I could do that, too.”

Derrell’s dream? To go to medical

school and become a forensic

pathologist.

Ramping Up to Reach MoreAs new opportunities present themselves, the Dream Academy continues to ramp up capabilities, enhance program models, and steward resources as carefully as ever.

In 2008, we partnered with three national experts:

• Foundations, Inc.’s Center for Afterschool Education, to strengthen our afterschool programming with supports that include a Quality Assurance System, professional development model, and Program Guide.

• The Bridgespan Group, to enter Phase II of our planning to sup-port strategic growth and sustainability over the next four years.

• NPower, to develop and roll out a new database to track student demographics, mentor matches, and student outcomes.

“By giving them hope for their futures, we are helping our kids to dream big. Of all the boards and initiatives I am involved with, the Dream Academy makes, perhaps, the greatest difference of all.” —Pat Roe, Special Assistant to the President, USA Funds &

Member, Indianapolis Dream Team Steering Committee

Visionary PhilanthropyEvery donor at every level helps make this work possible so we can, in turn, support young dreamers. And our donors often dream big.

After two years of working with us, The Atlantic Philanthropies affi rmed its confi dence in the Dream Academy with a two-year, $2-million grant to build the Dream Academy’s capacity, provide “core support for growth,” and build high quality, replicable pro-grams that are rigorously evaluated.

Among individual supporters, long-time benefactor Oprah Win-frey surprised us at the seventh Annual Power of a Dream Gala by making a three-year gift of $3.7 million. In 2008, $500,000 of this support was earmarked as a matching challenge to our donors. In the months since, all new donors have seen their gifts double in size through this support.

These two lead gifts from 2008 were visionary, helping us build capacity for entry into new communities, gain visibility, and fi nd new advocates and supporters.

Derrell fi rst encountered the U.S. Dream

Academy when he was a third grader at

Baltimore’s Collington Square Elementary

School. Years later, the Dream Academy

still shapes his life and perspective.

4 | US DREAM ACADEMY | 2008 ANNUAL REPORT

$200,000 & AboveThe Atlantic PhilanthropiesThe Oprah Winfrey Foundation

$100,000 - $199,999Anonymous Steven & Sheila HodgkinThe Reed Hollow FoundationUSA Funds

$50,000 - $99,999Amway GlobalGood Things Happen FoundationNina Mason Pulliam Charitable TrustPharmaceutical Research and

Manufacturers of America

$10,000 - $49,999Adventist Health System,

Benjamin ReavesThe Annie E. Casey FoundationCoca Cola Bottling CompanyIBOAIMr. George JohnsonMrs. Joan JohnsonKalorama Partners, LLC/

Mrs. Diane MingMaldonado Charitable FoundationMarkerNET, Inc., Jody

& Kathy VictorMr. James NanceOak Ridge National LaboratoryOne AmericaThe Robert R. and Kay M.

Onstead FoundationPacers Basketball Corporation

FoundationPark N GOWachovia Bank

$5,000 - $9,999Anonymous Angel NetworkBET on JazzBuffi ni & Co.Anna DowdFairPoint CommunicationsSara Fowler

$1,000 - $4,999Matthew & Jill BarlettMs. Alma BlackmonKevin BurrisLisa CalossCharles & Martha CarrollJesse ClarkJames & Merrill DickColby DikinsonShelly EldridgeExcaliber Productions InternationalRobert & Eunice FergusonFirst United Methodist ChurchSusan FisherJean FrancisLynn and Foster Friess Family

Fund of the Community Foundation of Jackson Hole

Debra FrysonGainer, Donnelly & Desroches, LLPGlenmede Trust Company, N.A./

Dr. John Templeton

Neal & Sandra GomesTimothy HalbertWilliam & Sandy HawkinsCarmen JohnsonJohn & Ingrid JonesT. JulienLawsrenceville’s Smile Center, Inc.Magnum Machine and

Manufacturing CompanyRobert K. & Paulette E. MansellJonathan MarinerD.E. McKayCarol McMenemyThomas MesereauClaudia NardoneDr. William & Margaret NelsenSharon OlsonDessa-Ann PetrochilosProskauer Rose LLPWomack RuckerDavid ShevickSilgo Seventh Day Adventist ChurchSoutheastern Conference of

Seventh-Day AdventistsCol. John SquireTravis Avenue Baptist ChurchTrinity Lutheran ChurchWal-Mart (Utah)Wells Fargo FoundationCherie WhitingDr. David & Mrs. Opal WilliamsWolfblock, LLPMichael & Marlene Young

$500 - $999Margaret AlfordW. Todd & Cynthia BakerJerry BaugherColin Brathwaite, Jr. & Glenda Potter CARENT Enterprises, Inc.Community Foundation of

Greenville, Robert Morris Dr. David CooperJimmy FosterClinton HerringHudson Lyndsey, Dr. Cynthia

Powell-HicksLyle KleppelidMs. Johnnie KnippersNatasha LeeBrian & Lori LeviMr. Leonard K. MatthewsSheldene MillingtonMitchell Road Presbyterian ChurchMount Paran Church of God Kathleen MuckBruce & Yvonne OlsonRenal Professional Staffi ngWilliam & Susan RigbyTim RolstonWilliam & Joan SchroederEd & Sandra SimcoxMr. Joseph SmithRichard & Connie SummeLa Selle ValentineWe Can Help

$100 - $499Mathew AbrahamRon & Gloria AchenbachSharon AdamsJohn & Myrna AilandEddie AkandeJeannine AllenVeronica AlleyneJames & Virginia AmspacherDorothy AmundsonKatherine AndersenGerald & Ruby AndersonCol. and Mrs. Mark D. AnwayHeidi & Kendall ArcherDavid F. & Mary E. ArcherShalot ArmstrongArtin & Laura ArslanianGeorge AslingerBilly T. & Nancy F. AtkinsBret BailineBenjamin BakerSandra BaldwinFrances BanksPaul BarberLarry & Angela BarkleyMr. Matthew BartlettMyrna BasDreugh & Brenda BatsopBlaise W. & Leslie BaxterTresa BeardHugh & Sherma BeckfordMr. Thomas BellPamela & Donald BennettDoris BerryCarol BetancesBeneyam BirratuDavid G. & Helen BlanchardWilbert E. & Leslie BledsoePaul & Fronscier BlockerJames & Barbara BoddieThomas J. & Linda BoedeckerSandra BoodooPrabhavati & Manjula BorgeJack & Diana BraggWilliam & Deborah BrannonBernie & Diana BrennanBrilliance Institute, Inc.Phillip BrittBarbara-Jean BruceMarvin & Elizabeth BurdetteRobert & Barbara CarlsonMrs. Sandi CarrollRuby CartwrightVictor E. & Mary CasadJames E. & Teresa CashBarbara ChandlerMr. Mike ChildressJoe M. & Laura ChristopherStephen & Linda ClaffeyJames & Judy ColemanMs. Anne ComeauJulie & Michael CourtneyJim & Charlene CoxMichael CracraftJoann CrosbyMarlin CuramengMs. Maryann Currie

Shirley S. DavisBarbara DavisonJanice DebnamPaula M. DeboBetty Defi baughChristopher & Jessica DellenPatti Deraps EgerDavid DoggetteMr. Vernon & Ruth DoldeLounelle Mayes DraperHallie DuckworthRonald W. & Vicka DurbyJere & Rochellle Dutt IIIJanet EasterlyRose Eide-AltmanThomas & Paula ElamMs. Lisa EliasStacey EllerbeWilliam & Joyce EllingtonMelissa A. EmbryDarlene EnnabRobert F. & Suzanne M. EstleBrian & Anna Maria FernandezLesa FloydE. Kendall & Carol FluhartyAmy FollL.S. & Janet FowlerRod & Tana FowlerHyacinth FrancisMr. Earl FreemanDudley & Shernelle FullertonFrances GageKevin & Susan GillMs. Dorris GilliamGail I. GillilandSue Ann GilroyVera GrantSharon GraysonEverett GreeneFredrick GreeneRobert & Linda GreenePatrick & Toni GreerMr. and Mrs. Brian GuenterbergNazario GutierrezPamela HaigJames & Marilyn HamiltonRuby Halimah HaqqMs. Vivian HardingPeter & Laurie HarrisonMr. and Mrs. John HartmanNan HavertyMs. Flora HaynesDorthea HerbertPaul & Janette HilliardHope HolmesRobert & Phyllis T. HoltonCarrie HowardSandra HowardShirley HowertonBernard IjimakinKei ImanishiInteractive Services InternationalF.B. & Margaret JenningsSandy JerstadBessie JohnsonAngela R. JonesMr. Fred Jones

Donald & Garnette JonesGarnette JonesSteve and Sharon JonesHuicha JungKelly KellerDanette KelleyHarriet KirkpatrickMs. Patricia Klett-KingWilliam & Angela KnightPatricia KnightKen & Suzanne KnightKnightsbridge Asset Management, LLCMr. Kris KristoffersenL&G EquipmentL.T.S., Copeland Inc.Debra LarkinsJohn & Tamela LawMs. Irma LeeJames C. & Patty P. LeeLenward McCalla, O.D. Inc.John & Gina Lifrieri, JrPaul LindholmMabel LindsayMrs. Karen LittleR. Karen LoneyNatividad LovelessDr. James & Jocelyn Lyons, Sr.M & M Interior SolutionsBruce MaierAllan ManuelMrs. Betsy MartinDr. C.R. MartinMichael & Jo MartinM. Alexander & Bridget MasottiLeonard & Nicole MatthewsGilbertho & Themene MazileMatt & Peggy McCaslinRalph E. & Kathy W McConnellMr. and Mrs. Jones C. McConnell, Jr.John & Sandra McGrathKurt & Gail McKinleyCynthia S. McMahanEdward & Ella McNearyBrenda McPhersonLamisha McRaeGeorge & Joyce MerinoMatthew MillerDr. Vanessa MillerMarilyn MillsMing EnterprisesSandra MinorDavid & Pearlett MitchellKarol MossBeverly Mukes-GaitherEddie NappsElizabeth Nasby MalandBrett NelsonLoiza NerantzisSusan NeuNewball Enterprises, Inc.Mr. Ronald NickelsCynthia & Sam NkanaCalvin NunnShirley NystromO & P Restaurants, Inc.James OaklandLinda Olsen

Greg O’NealEssie OrekoyaGiles & Linda OuelletteRegina PalmerGail Perry RyderC.H. & B.L. PetriCarl & Annetta PhillipBrenda PhillipsEugene & Dorothy PowellKatrina PrieurSusan M. RadkeDoraiswamy RajagopalRegal Properties, Cheryl Smith Avis RevearW. Daniel & Sandra RiceLoretta RichardsonScott RobertsLeland & Lavonne RogersMs. Marjolene RoseMr. and Mrs. Don RossHarold B. RuckerMr. and Mrs. Durward E. RutledgeSt. Luke United Methodist ChurchBob & Becky SalmiShirley Ann Sanders SteeleJudith SavirPaula SawyerDouglas & Grace Schroeder ScottRick S. & Betty J. SchwettmannCheryl M. ScottTracie ScottMildred SeligsonVicki SettlesJim & Harriet Showalter, IIIRichard & Janet SillowayMr. Serge & Nancy SimardChris & Elaine SlaughterGary & Michelle SmithRandall E. SmithGail SnellEric SokolskySPI SouthWest, LLCMarilyn SpurgeonJoesph & Erica StewartSteve & Wanda StoneRoger SulhoffMs. Maxine SutherlandLynda SwaneyBrock SwansonMyra SwansonMs. Tina SweetRichard & Gloria Taylor

Our Supporters & VolunteersUS DREAM ACADEMY DONOR LIST

Esmie TelfordMs. Betty ThackerD. TheadoMarla ThomasYolonda ThompsonLydia TikuDavid TroyTrue ColorsUnion Bible Study Association Inc.John & Kathy UnverzagtThelma Van Der VyverSonny VargheseCraig & Sharon VaughnDonna VictorStephen & Marcia VictorAdrienne WebbGary & Brenda WeekleyRobert WellerDanny & Emily WellsDavid & Joyce WellsJames WestburyG. Vernon WhiteCathy WhitneyAlice Wilson-HortonJames L. & Kimberly Womack IIIRobert & Doris WrightJason & Mary YorhRobert & Beilei YoungPhila L. YoungAlbert & Pauline Zeier

In-KindAlcy Elementary School,

Memphis, TNCollington Square School,

Baltimore, MDDionne Warwick Institute,

East Orange, NJThe Dual Immersion Academy,

Salt Lake City, UTEdwin Markham Middle School,

Los Angeles, CAFerebee Hope Elementary School,

Washington, DCFoster Elementary School,

Houston, TXG.W. Childs Elementary School,

Philadelphia, PAJohn Marshall Community School,

Indianapolis, INMalcolm X Elementary School,

Washington, DCMemorial Middle School,

Orlando, FLComcast CableDutt Enterprises, Inc.FutureSoft, Tim & Pam FarrellNPowerSalesforce Foundation

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NATIONAL OFFICE VOLUNTEERS Anthony BroughtonMika ChappellHelen Frye (since 2002)Sidra HashmiNick HutchinsonDelana McGeachyChristal PakBrittany PersonAlejandra Rodriguez

2008 MENTORS AND VOLUNTEERSNeal AlmondKarim AlstonDavid Anderson Theresa AndersonGeorganne ArringtonTeresa BeardRachel BennettJerry BondCarlene BowenTamara BoxieRobert BradleyLededa BrooksDoris BrothersDorothea BrownJacquelyn BrownBrent Bryant IIVonric BufordThomas BunnellCurtis BynumCarolyn CaverJordan CherringtonRobyn ChinWilliam Ciminera, Jr.Leonard ClairborneRyan Coleman- FerebeeTarique ConnellyLeanora CousinsJames CullisJessica CutticFannie DoddHarish Dommeti

James Donatto IISheila DorseyBlake DruryDwayne EdmondsJessica EdwardsTed EdwardsKara EndsleyJacquelin EspositoHattie FaneFuquana FergusonNicole FlynnRachel FoyeBenjamin FrandsenJessica GeorgeYvonne GoinsShanice GowansJuanita GrimesRisa HallAnna Harris Pauline HarrisRosemary HarrisJeremiah HarrisonLaTanya HarryFrances HarwellLindsay HelfmanS. Dyara HendersonVenus HernandezLynsey HerveyJada HickmanTiffany HodgesMonique HolmesEmily HomrockBarry HuffPauline HuffJoshua HughesShawnika HullRoger HurdleDanielle IslesWilliam IwujiAndrea JacksonNoel JarquinSamiya JohnsonDecola JonesKyle JonesJanelle JuchauJessica KelleyRishi KhubaniBobby LeDayRobert LeeKatrina Lee-JonesMirela MackovicRobert MapleCharlotte MatriMelissa McGraw

Theo MilfordErica MillerRalph Mills, Jr. Justin MilnerAnthony MitchellKimberly MolyneuxAmber MoyerJacqueline MutalibIvelisse NegronSandra OattsFelicitas ObiefuleSara O’BoyleSarah OgdenEric OwensJasmine PerkinsJohn Perry IIINakeshia PetersSabrina PinnockKeith PoelmanCourtney PowellJulienne RenoNsilo ReynoldsMargaret RichardsonDeborah Roach Jessica RomanCorban RussellNathan SallardNaomi Samuels Jennifer SanchezZerline ShambleeWesley Shaw, Jr. Darron ShiversKanwel SiddiquiCharles SmithMartha SpringsAmber SpryAryn SpryKezirah StarksKristin StewartJordan SvedSheron TaylorMesha ThomasChristine TownsendAshley TyrrelTearryl VillarrealGeorgella WatsonBrooke WebsterToni WhitlockJarvis WillifordMyranda WilsonWilhelmina WilsonBarbara WoolfPatricia Wooten

OUR VOLUNTEERS

“We are proud to support expansion of the U.S. Dream Academy’s high-quality afterschool programs, which provide at-risk stu-dents with academic enrichment and mentoring during the critical out-of-school time hours.”—Marcia A. Smith,

Senior Vice President,

The Atlantic Philanthropies

US DREAM ACADEMY INC. | 2008 ANNUAL REPORT | 5

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Peabo Byrson Jennifer Holliday

6 |

L to R: Jody & Kathy Victor, Bob & Terry Andrews, Bill & Sandy Hawkins

L to R: Donna Bozarth, 2008 Mentor of The Year

Isaac “Ike” Brown, Jr., and Wintley Phipps

L to R: Cynné Simpson, Emiliano Richards, Wintley Phipps,

Chris Tucker, and Diane Wallace Booker

L to R: Congressman Elijah Cummings, Senator Orrin Hatch,

Congressman Zach Wamp, Dr. Benjamin Carson and Wintley Phipps

7th Annual Power of a Dream Gala | Ritz-Carlton, Washington, DC

Keyshia Cole

US DREAM ACADEMY | 2008 ANNUAL REPORT | 7

GovernmentGrants

Fundraising Management& General

Publications, Investment Income, & Other

Special Events(net of Direct Expenses)

Contributions

Learning

Centers

65%

67%

18% 15%

13%22%

<1%

FINANCIAL INFORMATION

Balance Sheet 2008 2007

A S S E TS

Cash and Cash Equivalents $2,648,730 $764,567

Grants Receivable 55,601 26,577

Pledges Receivable 2,982,573 22,500

Prepaid Expenses 23,716 8,636

Inventory 15,334 13,228

Property and Equipment, Net 8,027 12,752

Deposits 7,280 7,280

TOTAL ASSETS $5,741,261 $855,540

L I A B I L I T I E S

Accounts Payable and Accrued Expenses $65,148 $25,957

Deferred Revenue 17,391

Payroll Related Liabilities 144,207 28,284

TOTAL LIABILITIES 209,355 71,632

N E T A S S E TS

Unrestricted 1,091,552 518,498

Temporarily Restricted 4,440,354 265,410

TOTAL NET ASSETS 5,531,906 783,908

TOTAL NET ASSETS AND LIABILITIES $5,741,261 $855,540

Statement of Activities Unrestricted Temporarily Total Restricted

S U P P O RT A N D I N CO M E

Government Grants $1,023,369 1,023,369

Contributions 384,111 4,743,478 5,127,589

Special Events (net of Direct Expenses) 1,779,084 1,779,084

Publications and Other 9,904 9,904

Investment Income 26,222 26,222

TOTAL SUPPORT AND INCOME $3,222,690 4,743,478 7,966,168

NET ASSETS RELEASED FROM RESTRICTIONS 568,534 (568,534) 0

E X P E N S E S

Learning Centers 2,153,459 2,153,459

Management and general 479,890 479,890

Fundraising 584,821 584,821

TOTAL EXPENSES $3,218,170 0 3,218,170

INCREASE (DECREASE) IN NET ASSETS $573,054 4,174,944 4,747,998

NET ASSETS AT BEGINNING OF YEAR $518,498 265,410 783,908

NET ASSETS AT END OF YEAR $1,091,552 4,440,354 5,531,906

2008 Revenue

2008 Expenses

The U. S. Dream Academy signifi cantly expanded its revenues during

2008. This was due to two generous supporters. Oprah Winfrey pledged

an unrestricted gift of $3.7 million. The gift, which will be paid over three

years, allows our organization to maintain its current level of programming

during these diffi cult economic times. In addition, we received support

from The Atlantic Philanthropies Foundation. Their grant of $2 million

will allow us, over the next two years, to expand the capacity of our

organization and the number of students we serve.

8 |

Wintley PhippsFounder and CEO

C. Diane Wallace Booker, J.D.Executive Director

O F F I C E R SWilliam C. Nelsen, Ph.DChairman

Tim FarrellTreasurer

Jody VictorSecretary

D R E A M A C A D E M Y L E A R N I N G C E N T E R S

Collington Square School, Baltimore, MD

Dionne Warwick Institute, East Orange, NJ

Foster Elementary School, Houston, TX

John Marshall Community School, Indianapolis, IN

Edwin Markham Middle School, Los Angeles, CA

Alcy Elementary School, Memphis, TN

Memorial Middle School, Orlando, FL

G. W. Childs Elementary School, Philadelphia, PA

Dual Immersion Academy, Salt Lake City, UT

Ferebee-Hope Elementary School, Washington, DC

Congress Heights Community Center, Washington, DC

B O A R D O F D I R E C T O R S

Delbert W. Baker, Ph.D.

Chaplain Barry C. Black, Ph.D.

Donna C. Bozarth

Benjamin S. Carson, M.D.

Gino Isaac

George Johnson

James E. Lyons, Sr., Ph.D.

Diane Ming

Lynn Parris

Wintley Phipps

Cynthia Powell-Hicks, Ph.D.

L’Tanya Simmons, Ed.D.

Colonel John H. Squire (Ret)

David R. Williams, Ph.D.

A D V I S O R Y B O A R D

Hon. Connie Mack

Benjamin Reaves, D.Min.

Carol H. Williams

Willie Woods

10

Highlights from the First Decade of Dreaming

JUNE 1998 Wintley Phipps founds the

U.S. Dream Academy.

C. Diane Wallace Booker becomes

its fi rst volunteer, and later its fi rst

employee.

MARCH 1999Oakwood University hosts the fi rst

Board of Directors meeting.

U.S. Department of Labor demonstra-

tion grant provides start-up funds.

MARCH 2000 First Dream Academy Learning

Center opens at Southeast

Washington, DC’s Ferebee-Hope

Community Services Center in

partnership with the Child and

Family Services Agency.

JUNE 2000

President William J. Clinton visits

DreamKids at Ferebee-Hope.

Seven years later, in his book Giving,

President Clinton encourages

readers to volunteer as Dream

Academy mentors.

MAY 2001

First Power of a Dream Gala, co-chaired

by U.S. Senators Orrin Hatch and Hillary

Clinton, puts the Dream Academy at

over $1 million in funds raised.

JUNE 2001 Wintley Phipps appears on the Oprah

Winfrey show to receive the Use Your

Life Award, together with a $100,000

gift to the Dream Academy.

2001-2002

Four more Learning Centers

open in Washington, DC,

Philadelphia, PA, Baltimore, MD,

and Houston, TX.

MAY 2002

Dream Academy Learning Center

opens in Newark, NJ (later relocated

to East Orange).

2003 Evaluation of Houston Dream Acad-

emy Learning Center demonstrates

academic gains and improved class-

room behavior, and 100 percent of

parents noted improvement in self

esteem and enthusiasm in their

children since joining the Dream

Academy.

JANUARY 2003

President George W. Bush highlights

the Dream Academy in a speech

and meets privately with a mentor

and mentee to discuss the benefi ts

of mentoring.

2004President Bush invites a second

DreamKid to the fi rst White House

National Conference on Faith-Based

and Community Initiatives.

MAY 2004 The Dream Academy is honored

with the Excellence in Mentoring

Award for Program Leadership from

MENTOR/National Mentoring

Partnership.

2004-2005 Three new Learning Centers open

in Atlanta, GA, Salt Lake City, UT,

and Coleman, FL (later relocated to

Orlando, FL).

Memphis, TN mentoring program

begins under a grant from the U.S.

Department of Health and Human

Services.

APRIL 2005 The Dream Academy is selected

as the institutional honoree for the

National Alliance of Black School

Educators Supreme Excellence Award.

MAY 2005

Oprah Winfrey, keynote speaker

at the fourth annual Power of

a Dream Gala, announces a

surprise $1 million donation.

The Dream Academy makes Center

Directors a full-time position to sup-

port higher-quality, more consistent

program delivery.

OCTOBER 2005 Wintley Phipps speaks at fi rst

White House Conference on

Helping America’s Youth, hosted

by Howard University.

JUNE 2007 The 10th Learning Center

opens in the Watts section

of Los Angeles, CA.

FEBRUARY 2008 The 11th Learning Center opens

in Indianapolis, IN.

MAY 2008 Two Dream Academy alumni attend

the seventh annual Power of a Dream

Gala to share their success and

dreams for college.

Oprah Winfrey makes a three-year

gift of $3.7 million to support growth.

JUNE 2008 The Atlantic Philanthropies awards

the Dream Academy a $2 million

capacity-building grant.

“Even after 10 years, I continue to be awed by the beauty of this vision, and by our incredibly committed staff, board, volunteers, and donors, who bring this dream to life every day. And just imagine the next 10 years. Our fi rst alumni will graduate college, begin careers, and pass the power of dreaming on to their own children.”—Diane Wallace Booker, Executive Director, U.S. Dream Academy

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1 0 4 0 0 L I T T L E P A T U X E N T P A R K W A Y • S U I T E 3 0 0 • C O L U M B I A , M D 2 1 0 4 4

8 0 0 - U S - D R E A M • 4 1 0 - 7 7 2 - 7 1 4 3 • F A X 4 1 0 - 7 7 2 - 7 1 4 6 • U S D R E A M A C A D E M Y. O R G

“What I love about

the program is we

treat everyone the

same. We give respect

as we would want

to be respected.

And we have fun.”—A DreamKid from

Los Angeles, CA

A DreamKid using

SMART Board

technology at

the Houston

Learning Center

30%

Cert no. SW-COC-003837