Civic Intelligence

Ambition Preparatory Charter School

990 • Fiscal year 2023 • EIN 82-3875659

Jul 01, 2022 to Jun 30, 2023 • Filed on May 07, 2024

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

89th percentile

0.80x

Higher debt load relative to assets than 89% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

86th percentile

1.32x

Higher debt load relative to revenue than 86% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

53rd percentile

5.3%

Higher net margin than 53% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

59th percentile

$148,522

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 2.7% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

52nd percentile

6.1%

Faster asset growth than 52% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

71st percentile

21%

Faster revenue growth than 71% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets89th percentile

Assets

Flat

$9,186,987

Flat from 2023

Net Assets

Flat

$1,861,196

Flat from 2023

Liabilities

Flat

$7,325,791

Flat from 2023

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin53rd percentile

Revenue

Flat

$5,565,557

Flat from 2023

Expenses

Flat

$5,269,707

Flat from 2023

Net Income

Flat

$295,850

Flat from 2023

Historical Trend

Balance Sheet Trend

Asset Growth52nd 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: $1,861,1962023Assets 2023: $9,186,987Liabilities 2023: $7,325,791Net Assets 2023: $1,861,1962023

Highlighted filing

2023

Assets$9,186,987
Liabilities$7,325,791
Net Assets$1,861,196
Open 2023 Filing

Operations Trend

Revenue Growth71st 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: $295,8502023Revenue 2023: $5,565,557Expenses 2023: $5,269,707Net Income 2023: $295,8502023

Highlighted filing

2023

Revenue$5,565,557
Expenses$5,269,707
Net Income$295,850
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 7, 2024
Return Version
2022v5.0
Gross Receipts
$5,565,557
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$847,132$6,947,025▲ $6,099,893
Cash and Non-Interest-Bearing Accounts$1,117,399$1,349,057▲ $231,658
Accounts Receivable$546,064$779,900▲ $233,836
Prepaid Expenses and Deferred Charges$35,351$99,455▲ $64,104
Total Assets$8,659,171$9,186,987▲ $527,816
Other Assets Total$6,113,225$11,550▼ $6,101,675
Liabilities
Mortgage Notes Payable Secured by Investment Property-$6,738,715-
Other Liabilities$6,535,167$0▼ $6,535,167
Accounts Payable and Accrued Expenses$558,658$587,076▲ $28,418
Total Liabilities$7,093,825$7,325,791▲ $231,966
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,565,346$1,861,196▲ $295,850
Total Net Assets Fund Balance$1,565,346$1,861,196▲ $295,850
Total Liabilities and Net Assets / Fund Balance$8,659,171$9,186,987▲ $527,816

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$6,551,834$639,764$7,191,598
Other Land Buildings$221,085$90,981$312,066
Equipment$174,106$114,044$288,150
Compensation and Service Providers
Top Officer Pay59th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dearchie ScottExectutive DirectorFT$122,670$25,852$148,522

Board Members and Trustees

NameTitle
Marcus BurgerBoard Chair
Megan StitzingerVice Chair
Rochella Lee- VincentBoard Member
Torren BallardSecretary
Thomas WetzelTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Barnard And Sons LLCConstruction ServicesPO BOX 517, Mendenhall, MS 39114-0517$259,350
Revenue and Support

Revenue Composition

Contributions and Grants
$5,400,802
Program Service Revenue
$72,299
Investment Income
$0
Other Revenue
$92,456
All Other Contributions
$35,965
Change in Net Assets
$295,850

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,565,557
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,565,557
Total Revenue per Form 990
$5,565,557
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,954,124
Other Expenses$2,315,583
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,139,001$199,497-$2,338,498
Depreciation Depletion$328,664$82,166-$410,830
Fees for Services Other$304,942$66,476-$371,418
Interest$273,282$68,321-$341,603
Other Employee Benefits$203,957$23,633-$227,590
Payroll Taxes$187,894$19,877-$207,771
Occupancy$148,159$37,040-$185,199
Current Officers, Directors, Trustees, and Key Employees$124,039$32,292-$156,331
Travel$147,886--$147,886
Other Expenses$140,279$22,813-$140,279
Office Expenses$61,583$15,396-$76,979
Insurance$51,641$12,910-$64,551
Fees for Services Accounting$17,750$17,750-$35,500
Pension Plan Contributions$19,138$4,796-$23,934
All Other Expenses$7,730$2,577-$10,307
Total Functional Expenses$4,664,163$605,544$0$5,269,707

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,269,707
Total Expenses per Audited Statements$5,269,707
Total Expenses per Form 990$5,269,707
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
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, Section B, Line 11B

“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, Section B, Line 12C

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

Form 990, Part VI, Section B, Line 15A

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

Form 990, Part VI, Section C, Line 19

“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
Phone
6014871658
Signed
2024-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dearchie Scott
Formed
2017
Legal Domicile
Ms
Voting Board Members
5
Independent Board Members
5
Employees
108
Volunteers
25

Preparer

Firm
Eag Gulf Coast LLC
Address
ONE GALLERIA BLVD STE 2100, METAIRIE, LA 70001
Preparer
Gina Rachel
Phone
5048375990
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“Contained in employee handbook and upon request.”

Financial Statement Notes

PART X, LINE 2:

“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. The school is exempt from income taxes under internal revenue code section 501(c)(3). It is, however, subject to income taxes from activities unrelated to its tax-exempt purpose. The school uses the same accounting methods for tax and financial reporting. Generally accepted accounting principles (gaap) provides accounting and disclosure guidance about positions taken by an entity in its tax returns that might be uncertain. Management has considered its tax positions and believes that all of the positions taken in its federal and state exempt organization tax returns are more likely than not to be sustained upon examination. The school's returns are subject to examination by federal and state taxing authorities, generally for three years, after they are filed.”

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IRS990/PYSalariesCompEmpBnftPaidAmt02095544
IRS990/PYTotalExpensesAmt03970360
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04600141
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0295850
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt092456
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0164755
IRS990ScheduleA/SchoolInd0X
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
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IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0174106
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0114044
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0288150
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05269707
IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0639764
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt07191598
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0221085
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt090981
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0312066
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05565557
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. THE SCHOOL IS EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). IT IS, HOWEVER, SUBJECT TO INCOME TAXES FROM ACTIVITIES UNRELATED TO ITS TAX-EXEMPT PURPOSE. THE SCHOOL USES THE SAME ACCOUNTING METHODS FOR TAX AND FINANCIAL REPORTING. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP) PROVIDES ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY AN ENTITY IN ITS TAX RETURNS THAT MIGHT BE UNCERTAIN. MANAGEMENT HAS CONSIDERED ITS TAX POSITIONS AND BELIEVES THAT ALL OF THE POSITIONS TAKEN IN ITS FEDERAL AND STATE EXEMPT ORGANIZATION TAX RETURNS ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. THE SCHOOL'S RETURNS ARE SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES, GENERALLY FOR THREE YEARS, AFTER THEY ARE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06947025
IRS990ScheduleD/TotalExpensesPerForm990Amt05269707
IRS990ScheduleD/TotalRevenuePerForm990Amt05565557
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05565557
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05269707
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
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 PREPARTORY RECEIVED FEDERAL FUNDING UNDER A VARIETY OF PROGRAMS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
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 YEARS OF EXPERIENCE, CERTIFICATIONS, EDUCATION, ETC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONTAINED IN EMPLOYEE HANDBOOK AND UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONTAINED IN EMPLOYEE HANDBOOK AND UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04664163
IRS990/TotalFunctionalExpensesGrp/TotalAmt05269707
IRS990/TotalGrossUBIAmt00
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05565557
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt025
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IRS990/USAddress/CityNm0JACKSON
IRS990/USAddress/StateAbbreviationCd0MS
IRS990/USAddress/ZIPCd039209
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0AMBITIONPREP.ORG
IRS990/WhistleblowerPolicyInd01
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DEARCHIE SCOTT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0HEAD OF SCHOOL
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ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AMBITION PREPARATORY CHARTER SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0AMBI
ReturnHeader/Filer/EIN0823875659

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,186,987
Liabilities
$7,325,791
Net assets
$1,861,196
Revenue
$5,565,557
Expenses
$5,269,707
Net income
$295,850
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$9.19$7.33$1.86$5.57$5.27$0.30
2023Summary only. Only limited summary data is available for this year.$9.19$7.33$1.86$5.57$5.27$0.30
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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