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 77.7% per year over the past 5 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dearchie Scott Head Of School | Trustee | 40 | $109,587 |
Andreana Jones Board Member | 1 | $0 | |
Thomas Wetzel Treasurer | Officer | 1 | $0 |
Marcus Burger Chair | Officer | 1 | $0 |
Megan Stitzinger Vice Chair | Officer | 1 | $0 |
Torren Ballard Secretary | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,925,619 |
| 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 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 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 | $0 |
| 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 |
| 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 |
| Total liabilities and net assets/fund balances | $1,565,346 |