Civic Intelligence

Ambition Preparatory Charter School

990 • Fiscal year 2022 • EIN 82-3875659

Jul 01, 2021 to Jun 30, 2022 • Filed on Nov 15, 2022

Organization Profileambitionprep.org
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

90th percentile

0.82x

Higher debt load relative to assets than 90% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

88th percentile

1.54x

Higher debt load relative to revenue than 88% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

62nd percentile

14%

Higher net margin than 62% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

44th percentile

$109,587

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

95th percentile

112%

Faster asset growth than 95% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

88th percentile

66%

Faster revenue growth than 88% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets90th percentile

Assets

Up

$8,659,171

Up $4,580,022 (+112%) from 2021

Net Assets

Up

$1,565,346

Up $629,781 (+67%) from 2021

Liabilities

Up

$7,093,825

Up $3,950,241 (+126%) from 2021

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin62nd percentile

Revenue

Up

$4,600,141

Up $1,834,814 (+66%) from 2021

Expenses

Up

$3,970,360

Up $1,466,307 (+59%) from 2021

Net Income

Up

$629,781

Up $368,507 (+141%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

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

2022

Assets$8,659,171
Liabilities$7,093,825
Net Assets$1,565,346
Open 2022 Filing

Operations Trend

Revenue Growth88th percentile

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

2022

Revenue$4,600,141
Expenses$3,970,360
Net Income$629,781
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Nov 15, 2022
Return Version
2021v4.0
Gross Receipts
$4,600,141
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
Cash and Non-Interest-Bearing Accounts$781,392$1,117,399▲ $336,007
Land, Buildings, and Equipment, Net$531,171$847,132▲ $315,961
Accounts Receivable$357,679$546,064▲ $188,385
Prepaid Expenses and Deferred Charges$34,137$35,351▲ $1,214
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$4,079,149$8,659,171▲ $4,580,022
Other Assets Total$2,374,770$6,113,225▲ $3,738,455
Liabilities
Other Liabilities$2,875,338$6,535,167▲ $3,659,829
Accounts Payable and Accrued Expenses$268,246$558,658▲ $290,412
Total Liabilities$3,143,584$7,093,825▲ $3,950,241
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$935,565$1,565,346▲ $629,781
Total Net Assets Fund Balance$935,565$1,565,346▲ $629,781
Total Liabilities and Net Assets / Fund Balance$4,079,149$8,659,171▲ $4,580,022

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$509,296$326,281$835,577
Other Land Buildings$229,910$45,888$275,798
Equipment$107,926$61,791$169,717
Other Assets Org$6,113,225--
Compensation and Service Providers
Top Officer Pay44th percentile

Board Members and Trustees

NameTitle
Marcus BurgerChair
Megan StitzingerVice Chair
Andreana JonesBoard Member
DeArchie ScottHead of School
Torren BallardSecretary
Thomas WetzelTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,925,619
Program Service Revenue
$2,674,522
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,925,619
Change in Net Assets
$629,781

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,600,141
Total Revenue per Audited Statements
$4,600,141
Total Revenue per Form 990
$4,600,141
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,095,544
Other Expenses$1,874,816
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,481,684$162,058-$1,643,742
Fees for Services Other$369,339$100,930-$470,269
All Other Expenses$228,990$26,482-$255,472
Insurance$159,263$39,816-$199,079
Other Employee Benefits$179,464$10,920-$190,384
Depreciation Depletion$151,426$37,856-$189,282
Payroll Taxes$143,430$8,401-$151,831
Other Expenses$118,488$18,488-$118,488
Current Officers, Directors, Trustees, and Key Employees$109,587--$109,587
Office Expenses$58,166$14,541-$72,707
Interest$20,128$5,032-$25,160
Total Functional Expenses$3,515,071$455,289$0$3,970,360

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,970,360
Total Expenses per Audited Statements$3,970,360
Total Expenses per Form 990$3,970,360
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$6,535,167
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
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

“The president and secretary/treasurer are presented with a copy of the filing for review. The 990 is made available to the other board members upon request.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“The organization has procedures in place to determine and address conflicts of interest within the organization.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“Compensation competitively set as comparable to salaries paid to positions at other local public schools, which takes into account year of experience, certifications, education, etc.”

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

“Contained in employee handbook and upon request.”

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
DeArchie Scott
Title
Head of School
Signed
2022-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
DeArchie Scott
Formed
2017
Legal Domicile
Ms
Voting Board Members
6
Independent Board Members
0
Employees
70

Preparer

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

Financial Statement Notes

Part X : FIN48 Footnote

“The School accounts for income taxes in accordance with FASB ASC 740-10, Accounting for Uncertainty in Income Taxes. Management believes it has no material uncertain tax positions and, accordingly has not recognized a liability for any unrecognized tax benefits.”

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The School accounts for income taxes in accordance with FASB ASC 740-10, Accounting for Uncertainty in Income Taxes. Management believes it has no material uncertain tax positions and, accordingly has not recognized a liability for any unrecognized tax benefits.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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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
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PRESIDENT AND SECRETARY/TREASURER ARE PRESENTED WITH A COPY OF THE FILING FOR REVIEW. THE 990 IS MADE AVAILABLE TO THE OTHER BOARD MEMBERS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS PROCEDURES IN PLACE TO DETERMINE AND ADDRESS CONFLICTS OF INTEREST WITHIN THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION COMPETITIVELY SET AS COMPARABLE TO SALARIES PAID TO POSITIONS AT OTHER LOCAL PUBLIC SCHOOLS, WHICH TAKES INTO ACCOUNT YEAR OF EXPERIENCE, CERTIFICATIONS, EDUCATION, ETC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONTAINED IN EMPLOYEE HANDBOOK AND UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,659,171
Liabilities
$7,093,825
Net assets
$1,565,346
Revenue
$4,600,141
Expenses
$3,970,360
Net income
$629,781
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$9.19$7.33$1.86$5.57$5.27$0.30
2022Detailed filing. Detailed filing data is available for this year.$8.66$7.09$1.57$4.60$3.97$0.63
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.08$3.14$0.94$2.77$2.50$0.26
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.42$0.74$0.67$2.49$1.85$0.64
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.29$0.27$0.02$0.25$0.22$0.02