Civic Intelligence

Ambition Preparatory Charter School

990 • Fiscal year 2020 • EIN 82-3875659

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 18, 2020

5331 Clinton BlvdJackson, MS 39209

(601) 487-1658

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

82nd percentile

0.52x

Higher debt load relative to assets than 82% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

68th percentile

0.30x

Higher debt load relative to revenue than 68% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

78th percentile

26%

Higher net margin than 78% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

69th percentile

$101,308

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 4.1% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

98th percentile

389%

Faster asset growth than 98% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

99th percentile

910%

Faster revenue growth than 99% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,419,230

Up $1,128,993 (+389%) from 2019

Net Assets

Up

$674,291

Up $652,221 (+2955%) from 2019

Liabilities

Up

$744,939

Up $476,772 (+178%) from 2019

Revenue

Up

$2,486,168

Up $2,240,087 (+910%) from 2019

Expenses

Up

$1,848,700

Up $1,624,689 (+725%) from 2019

Net Income

Up

$637,468

Up $615,398 (+2788%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2019: $290,237Liabilities 2019: $268,167Net Assets 2019: $22,0702019Assets 2020: $1,419,230Liabilities 2020: $744,939Net Assets 2020: $674,2912020Assets 2021: $4,079,149Liabilities 2021: $3,143,584Net Assets 2021: $935,5652021Assets 2022: $8,659,171Liabilities 2022: $7,093,825Net Assets 2022: $1,565,3462022Assets 2023: $9,186,987Liabilities 2023: $7,325,791Net Assets 2023: $1,861,1962023

Highlighted filing

2020

Assets$1,419,230
Liabilities$744,939
Net Assets$674,291

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0Revenue 2019: $246,081Expenses 2019: $224,011Net Income 2019: $22,0702019Revenue 2020: $2,486,168Expenses 2020: $1,848,700Net Income 2020: $637,4682020Revenue 2021: $2,765,327Expenses 2021: $2,504,053Net Income 2021: $261,2742021Revenue 2022: $4,600,141Expenses 2022: $3,970,360Net Income 2022: $629,7812022Revenue 2023: $5,565,557Expenses 2023: $5,269,707Net Income 2023: $295,8502023

Highlighted filing

2020

Revenue$2,486,168
Expenses$1,848,700
Net Income$637,468
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 18, 2020
Return Version
2019v5.0
Gross Receipts
$2,486,168
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$18,028$602,239▲ $584,211
Cash and Non-Interest-Bearing Accounts$20,034$529,256▲ $509,222
Accounts Receivable$64,137$259,301▲ $195,164
Prepaid Expenses and Deferred Charges$91$28,434▲ $28,343
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$290,237$1,419,230▲ $1,128,993
Other Assets Total$187,947$0▼ $187,947
Liabilities
Other Liabilities$223,573$526,746▲ $303,173
Accounts Payable and Accrued Expenses$44,594$218,193▲ $173,599
Total Liabilities$268,167$744,939▲ $476,772
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$22,070$674,291▲ $652,221
Total Net Assets Fund Balance$22,070$674,291▲ $652,221
Total Liabilities and Net Assets / Fund Balance$290,237$1,419,230▲ $1,128,993

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$455,667$91,133$546,800
Other Land Buildings$78,159$6,878$85,037
Equipment$68,413$8,864$59,249
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
DeArchie ScottHead of SchoolFT$101,308$101,308

Board Members and Trustees

NameTitle
Andreana JonesBoard Chair
Dr Antwon WoodsBoard member
Megan StitzingerSecretary
Thomas WetzelTreasurer
Marcus BurgerVice Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Revolution Food IncFood Service2438 Augusta St, Kenner, LA 70062$101,558
Revenue and Support

Revenue Composition

Contributions and Grants
$1,276,801
Program Service Revenue
$1,209,367
Investment Income
$0
Other Revenue
$0
All Other Contributions
$529,324
Change in Net Assets
$637,468

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,486,168
Total Revenue per Audited Statements
$2,486,168
Total Revenue per Form 990
$2,486,168
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$959,847
Salaries, Compensation, and Employee Benefits$888,853
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$601,639$47,625-$649,264
All Other Expenses$166,527$25,210-$191,737
Fees for Services Other$77,749$63,828-$141,577
Depreciation Depletion$85,501$21,375-$106,876
Current Officers, Directors, Trustees, and Key Employees$101,308--$101,308
Occupancy$69,613$17,403-$87,016
Other Employee Benefits$65,639$4,807-$70,446
Other Expenses$68,419$17,450-$68,419
Payroll Taxes$63,438$4,397-$67,835
Interest$19,953$4,988-$24,941
Insurance$8,965$2,241-$11,206
Total Functional Expenses$1,639,376$209,324$0$1,848,700

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,848,700
Total Expenses per Audited Statements$1,848,700
Total Expenses per Form 990$1,848,700
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Long term debt$484,809
Short term debt$41,936
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

No review was or will be conducted.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Ambition Preparatory Charter School
EIN
82-3875659
Phone
6014871658
Address
5331 Clinton Blvd, Jackson, MS 39209

Signing Officer

Name
Thomas Wetzel
Title
Treasurer
Signed
2020-11-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Wetzel
Formed
2017
Legal Domicile
Ms
Voting Board Members
5
Independent Board Members
0
Employees
31

Preparer

Firm
Daigrepont & Brian APAC
Address
910 S Acadian Thruway, Baton Rouge, LA 70806
Preparer
John M Goodwin CPA
Phone
2259273760
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E: Other Expenses

Furniture & Equip non cap.: Column (A) - Total = $21695; Column (B) - Program Services = $17356; Column (C) - Management & General = $4339; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Janitorial: Column (A) - Total = $40596; Column (B) - Program Services = $32477; Column (C) - Management & General = $8119; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Postage and Shipping: Column (A) - Total = $403; Column (B) - Program Services = $403; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Professional development: Column (A) - Total = $65283; Column (B) - Program Services = $65283; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Repairs and maintenance: Column (A) - Total = $34047; Column (B) - Program Services = $27238; Column (C) - Management & General = $6809; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Utilities: Column (A) - Total = $29713; Column (B) - Program Services = $23770; Column (C) - Management & General = $5943; Column (D) - Fundraising = $0

Other Changes In Net Assets Or Fund Balances - Other Increases

Prior period adjustments = $14753

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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01209367
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01209367
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0246081
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt095561
IRS990/PYRevenuesLessExpensesAmt022070
IRS990/PYSalariesCompEmpBnftPaidAmt0128450
IRS990/PYTotalExpensesAmt0224011
IRS990/PYTotalRevenueAmt0246081
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0637468
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01209367
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt068413
IRS990ScheduleD/EquipmentGrp/DepreciationAmt08864
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt018028
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt059249
IRS990ScheduleD/ExpensesSubtotalAmt01848700
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0455667
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt091133
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0546800
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt078159
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt06878
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt085037
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0484809
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt241936
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Long term debt
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Rounding
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Short term debt
IRS990ScheduleD/RevenueSubtotalAmt02486168
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0602239
IRS990ScheduleD/TotalExpensesPerForm990Amt01848700
IRS990ScheduleD/TotalLiabilityAmt0526746
IRS990ScheduleD/TotalRevenuePerForm990Amt02486168
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02486168
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01848700
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0Nondiscriminatory policy is listed on enrollment forms, all brochures and printed media, and on the website.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1DURING THE FISCAL YEAR, AMBITION PREPARATORY RECEIVED FEDERAL FUNDING UNDER A VARIETY OF PROGRAMS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc3Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Furniture & Equip non cap.: Column (A) - Total = $21695; Column (B) - Program Services = $17356; Column (C) - Management & General = $4339; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Janitorial: Column (A) - Total = $40596; Column (B) - Program Services = $32477; Column (C) - Management & General = $8119; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Postage and Shipping: Column (A) - Total = $403; Column (B) - Program Services = $403; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Professional development: Column (A) - Total = $65283; Column (B) - Program Services = $65283; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Repairs and maintenance: Column (A) - Total = $34047; Column (B) - Program Services = $27238; Column (C) - Management & General = $6809; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Utilities: Column (A) - Total = $29713; Column (B) - Program Services = $23770; Column (C) - Management & General = $5943; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Prior period adjustments = $14753
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0290237
IRS990/TotalAssetsEOYAmt01419230
IRS990/TotalAssetsGrp/BOYAmt0290237
IRS990/TotalAssetsGrp/EOYAmt01419230
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01276801
IRS990/TotalEmployeeCnt031
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0209324
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01639376
IRS990/TotalFunctionalExpensesGrp/TotalAmt01848700
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0268167
IRS990/TotalLiabilitiesEOYAmt0744939
IRS990/TotalLiabilitiesGrp/BOYAmt0268167
IRS990/TotalLiabilitiesGrp/EOYAmt0744939
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt022070
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0674291
IRS990/TotalProgramServiceExpensesAmt01639376
IRS990/TotalProgramServiceRevenueAmt01209367
IRS990/TotalReportableCompFromOrgAmt0101308
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01209367
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02486168
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0290237
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01419230
IRS990/TravelGrp/TotalAmt00

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