Ambition Preparatory Charter School
- Assets
- $8.7m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 70
- Location
- Jackson, MS
- Founding
- 09/2018
- Data as of
- 06/2022
- EIN
- 82-3875659
Organization Overview
Ambition Preparatory Charter School is located in Jackson, MS. The organization was established in 2018. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Ambition Preparatory Charter School employed 70 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ambition Preparatory Charter School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Ambition Preparatory Charter School generated $4.6m in total revenue. All expenses for the organization totaled $4.0m during the year ending 06/2022. While expenses have increased by 105.2% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THROUGH HIGH-QUALITY INSTRUCTION, INTENSIVE ACADEMIC SUPPORTS, AND HARD WORK, AMBITION PREPARATORY CHARTER SCHOOL ENSURES THAT ALL STUDENTS IN KINDERGARTEN THROUGH GRADE EIGHT HAVE ACADEMIC SKILLS AND SELF-DISCIPLINE FOR COLLEGE AND LIFE SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC CHARTER SCHOOL
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dearchie Scott Head Of School | 40 | $0 | |
Megan Stitzinger Vice Chair | Officer | 1 | $0 |
Thomas Wetzel Treasurer | Officer | 1 | $0 |
Torren Ballard Secretary | Officer | 1 | $0 |
Marcus Burger Chair | Officer | 1 | $0 |
Andreana Jones Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,925,619 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,925,619 |
| Total Program Service Revenue | $2,674,522 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,600,141 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $109,587 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,643,742 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $190,384 |
| Payroll taxes | $151,831 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $470,269 |
| Advertising and promotion | $0 |
| Office expenses | $72,707 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $25,160 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $189,282 |
| Insurance | $199,079 |
| All other expenses | $255,472 |
| Total functional expenses | $3,970,360 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,117,399 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $546,064 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $35,351 |
| Net Land, buildings, and equipment | $847,132 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,113,225 |
| Total assets | $8,659,171 |
| Accounts payable and accrued expenses | $558,658 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,535,167 |
| Total liabilities | $7,093,825 |
| Net assets without donor restrictions | $1,565,346 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,659,171 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Ambition Preparatory Charter School has recieved totaling $218,000.
| Awarding Organization | Amount |
|---|---|
Charter Fund Inc Broomfield, CO PURPOSE: CHARTER SCHOOL GROWTH | $200,000 |
Charter Fund Inc Broomfield, CO PURPOSE: CHARTER SCHOOL GROWTH | $10,000 |
Charter Fund Inc Broomfield, CO PURPOSE: EMERGENCY RELIEF | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lighthouse Academies Of Arkansas Inc North Little Rock, AR | $582,799 | $18,301,867 |
New Beginnings School Foundation New Orleans, LA | $1,802,768 | $18,016,749 |
Hynes Charter School Corporation New Orleans, LA | $8,219,375 | $19,932,415 |
Memphis Business Academy Memphis, TN | $29,884,603 | $21,343,740 |
South Louisiana Charter Foundation Inc Baton Rouge, LA | $21,098,630 | $17,110,169 |
Morris Jeff Community School New Orleans, LA | $5,535,424 | $16,539,603 |
Young Audiences Charter Association Gretna, LA | $6,537,878 | $17,122,666 |
New Orleans Military And Maritime Academy Inc New Orleans, LA | $24,580,982 | $15,429,354 |
Shreveport Charter Schools Inc Shreveport, LA | $6,808,149 | $15,366,489 |
New Day Schools Inc Memphis, TN | $9,085,681 | $16,072,586 |
Warren Easton Sr High School Foundation Inc New Orleans, LA | $11,574,185 | $12,571,642 |
Frayser Community Schools Memphis, TN | $7,157,256 | $13,575,015 |