Ambition Angels

“Changes in voting members of the governing body: addition of president and ceo as a voting board member. Changes to officer titles and responsibilities. Renaming "president" to "president and ceo- and redefining duties. Adding roles of board chair and vice chair, who have authority to preside over meetings. Changes in board structure and composition: initial number of directors increased (from initially 3 to 5 directors). Changes to term lengths (now uniformly 3 years). Easier removal of directors director removal threshold lowered from two-thirds to a simple majority. Amendment process simplified reducing required vote for amendments from two-thirds. Significant clarification of conflict-of-interest policy the organization improved its governance by clearly defining rules and procedures for handling transactions involving directors or officers who have a conflict of interest elimination of compensation for directors/committee members change from allowing nominal compensation for committees to explicitly disallowing any compensation to directors or committee members (other than reimbursements)”

“The board has the responsibility for reviewing the organiation's form 990 (including all pertinent schedules) before it is filed with the internal revenue service. A draft of the form 990 is ready for review by the board no later than a week prior to the filing deadline. After the draft of the form 990 has been obtained by the board, they will have no more than a week to complete their review. In conducting their review of the draft of the form 990, the board conducts a top-level or big-picture type of review. However, if the board deems it necessary to conduct a more detailed review of the form 990, then they contact the preparer of the form 990 to requeset copies of the relevant detailed tax return workpapers which they would like to see. Once the board has completed its initial review of the form 990, a meeting or conference call is scheduled with the preparer of the form 990 to discuss any questions, comments, and suggested revisions identified by the board. The preparer of the form 990 makes any revisions to the form 990 as soon as feasibly possible to ensure that the form 990 is filed with the internal revenue service on a timely basis. All questions, comments, and suggested revisions set forth by the board are documended, along with any responses from the preparer of the form 990, if applicable.”

“There were no instances of the organization having to enforce compliance with the conflict of interest policy. The board of directors and officers prepare an annual disclosure of any possible conflicts of interest. These disclosures are reviewed by the organization's management team, and should any disclosure justify further discussion/determination, the full board would vote on the transaction without the board membmer or officer present for the deliberation.”

“The board relies on comparability data to determine and approve the compensation of the executive director. The board utilizes resources such as similary situated exempt organizations in their areas to benchmark pay along with market information from other exempt organizations and for- profit organizations to assess the competitiveness and reasonabliess of the compensation. Once a decision has been made, a vote is taken for approval by the board. Recusal of the individuals whose compensation is being determined is mandatory. A similar process is in place for determining compensation of the other key employees, if any.”

“The organization utilizes compensation surveys to determine a reasonable range of compensation for key employees (if any).”

“The following organizational documents are available (for inspection or copying) at the organization's main office during normal business hours at no charge: -tax exemption application (form 1023) -internal revenue service determination letter -articles of incorporation -by-laws the public inspection copy of the organization's form 990 and form 990-t, from the previous three years (at a minimum), will be available (for inspection or copying) at the organization's main office during normal business hours at no charge, if applicable. The public inspection copy of the form 990 will not include the schedule of schedule a excess contributors or the schedule b names and addresses of contributors. The organization will make best efforts to ensure that the forms 990 and 990-t held at their main office are the most updated versions of such. For example, in the instance where a form 990 has been amended, the amended version of the form 990 or form 990-t will be the one available for public inspection. When responding to a public inspection request for any organizational document or form 990 (including form 990-t) by anyone, the organization fulfills such request in a timely fashion without inquiring as to the reason for the public inspection request. The following other document (most updated versions) is made available for inspection or copying) at the organization's main office during normal business hours at no charge: -conflict of interest policy”

“The board of directrors and some programmatic volunteers.”

“In 2024, ambition angels reached significant new milestones in our mission to empower underserved teens with the skills and opportunities needed to launch thriving careers. Building on our previous success, we completed version 2 of the ambition app, a major evolution that introduced a career development and exposure focus, equipping teens with durable skills and simulated internship experiences to help them navigate pathways to economic independence. This year, we expanded our reach through area-wide rollouts in oakland and silicon valley, forming strategic partnerships with schools and youth-serving nonprofits to bring our platform to the communities that need it most. Our student advisory council played a crucial role in shaping app enhancements, ensuring that our content remains culturally relevant, engaging, and aligned with the aspirations of the teens we serve. To support this growth, we strengthened our organizational capacity by expanding our board and developing a comprehensive area-wide rollout plan and corporate partnership strategy in collaboration with stanford and harvard business school volunteers. These efforts position us for scalable, sustainable expansion in the coming years. With a continued focus on impact measurement, we deepened our work with research partners to assess how our platform fosters future orientation, a key predictor of long-term success for low-income youth. As we move forward, ambition angels remains committed to closing the opportunity gap and equipping the next generation with the tools to break cycles of poverty and build thriving futures.”

“Outside services -program 20,000 0 0 app creation service fees 303,039 0 0 video creation 9,177 0 0 impact assessment 34,243 0 0 course development 75,078 0 0 outside services - engagement 18,752 0 0 outside services - other 12,720 2,120 6,360 awards - program 10,005 0 0 total 483,014 2,120 6,360”