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Ambition Preparatory Charter School

Tax-deductible

Jackson, MS501(c)(3)Since 2017EducationEIN 82-3875659Revenue $8.4M in FY2024

On file with the IRSambitionprep.org5331 Clinton Blvd, 39209-3003 · Jackson, MSTax-exempt since Sep 2018School — 170(b)(1)(A)(ii)

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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.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
Run by 15 volunteers and 127 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 4
filings with a surplus
Average surplus $416K a year · 8% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$145K
to officers and key staff · 2% of spending
Top officer’s pay higher than 61% of similar orgs
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $45K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$6.9M
64% of total assets
Fine: liabilities are 64% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$8.4M
+24% vs prior year
Spent
$6.8M
To programs
88%
Net assets
$3.9M
By yearFY2021–FY2024
Revenue
$8.4M
FY2024▲ +24%
Tap a bar for its year
Revenue by fiscal year
FY2021$2.8M
FY2022$4.6M
FY2023$5.6M
FY2024$6.8M
FY2024$8.4M
Expenses
$6.8M
FY2024▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2021$2.5M
FY2022$4.0M
FY2023$5.3M
FY2024$6.3M
FY2024$6.8M
Net assets
$3.9M
FY2024▲ +68%
Tap a bar for its year
Net assets by fiscal year
FY2021$936K
FY2022$1.6M
FY2023$1.9M
FY2024$2.3M
FY2024$3.9M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2018.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $6.0M Management & general 12% · $804K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990; $145K paid to officers and key staff.

Part VII, Section A · reportable compensation
Dearchie Scott
Executive Director
$144,624Pt VII · Sec A
Tonya Morgan
Board Member
$0Pt VII · Sec A
Thomas Whetzel
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Marcus Burger
Board Chair
$0Pt VII · Sec A

Dearchie Scott’s $145K as Executive Director is at the 61st percentile of top reported officer pay among 3395 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021
Dearchie Scott$144,624$133,725$122,670$109,587$102,734
Sharon Harris—$107,517———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Ambition Preparatory Charter School executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Teaches K-8 students academic skills and self-discipline for college and life success.

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Provided by the organization

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1 program · $6.0M · in their own filed words · FY2024
01

Students in kindergarten through 4TH grade will be enrolled in our lower academy. They will strategically focus on literacy and oral language. We will nurture positive character development so that our students are not only successful in college but also successful in life.

$6.0Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Mississippi First INCFY2024$45K
Total grants receivedfrom 1 funder$45K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$8.4M
Ln 12
Gifts and grantsLn 1h$8.3M
Fees for servicesLn 2g$112K
Other incomeLn 4–11$12K
Money outPt IX
$6.8M
Ln 25
Programscol B$6.0M
Managementcol C$804K
Owns and owesPt X
$3.9M
net assets · Ln 32
Cash and savingsLn 1–2$3.0M
Total assetsLn 16$10.9M
LiabilitiesLn 26$6.9M
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8.3M
Government grantsLn 1e$8.2M
Fees for servicesLn 2g$112K
Other incomeLn 4–11$12K
Total revenueLn 12$8.4M
Assets in detailPt X, end of year
CashLn 1$3.0M
Cash and savings togetherLn 1–2$3.0M
Land, buildings, equipmentLn 10c$6.8M
Other assetsLn 15$12K
Total assetsLn 16$10.9M
LiabilitiesLn 26$6.9M
Net assetsLn 32$3.9M
OperationsPt I, VI
EmployeesI 5127
VolunteersI 615
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$2.2M$3.0M
Land, buildings, equipmentLn 10c$7.1M$6.8M
Total assetsLn 16$9.8M$10.9M
LiabilitiesLn 26$7.5M$6.9M
Net assetsLn 32$2.3M$3.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$157K$118K$39K
Other salaries and wagesLn 7$3.3M$3.0M$305K
Pension plan contributionsLn 8$41K$37K$4K
Other employee benefitsLn 9$267K$267K
Payroll taxesLn 10$260K$234K$26K
Accounting feesLn 11c$43K$32K$11K
Other fees for servicesLn 11g$374K$308K$66K
Office expensesLn 13$188K$141K$47K
OccupancyLn 16$273K$217K$56K
TravelLn 17$211K$211K$162
InterestLn 20$314K$236K$79K
Depreciation, depletion and amortizationLn 22$495K$396K$99K
InsuranceLn 23$167K$134K$33K
Other expenses (24a–d)Ln 24$675K$637K$38K
All other expensesLn 24e$78K$77K$1K
Total functional expensesLn 25$6.8M$6.0M$804K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $6.8M$6.3M$478K$2.3M 990 PDF
FY2023 $5.6M$5.3M$296K$1.9M 990 PDF
FY2022 $4.6M$4.0M$630K$1.6M 990 PDF
FY2021 $2.8M$2.5M$261K$936K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $8,427,714 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,691,127$8,303,621
I-9 Program service revenuePrior year $87,671$111,843
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $12,950$12,250
I-12 Total revenuePrior year $6,791,748$8,427,714
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $3,580,229$4,017,555
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,733,353$2,819,374
I-18 Total expensesPrior year $6,313,582$6,836,929
I-19 Revenue less expensesPrior year $478,166$1,590,785
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $8,427,714 across 6 lines filed
VIII-1e Government grants$8,245,807
VIII-1f All other contributions, gifts and grants$57,814
VIII-1h Total contributions, gifts and grants$8,303,621
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $111,843$111,843
VIII-6 Net rental income or lossRelated to mission $12,250$12,250
VIII-12 Total revenueRelated to mission $124,093 · Unrelated business $0 · Excluded from tax $0$8,427,714
Part IX · Statement of functional expenses $6,836,929 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $117,642 · Management $39,214$156,856
IX-7 Other salaries and wagesPrograms $2,988,436 · Management $304,835$3,293,271
IX-8 Pension plan contributionsPrograms $36,614 · Management $4,068$40,682
IX-9 Other employee benefitsPrograms $267,004$267,004
IX-10 Payroll taxesPrograms $233,768 · Management $25,974$259,742
IX-11c Accounting feesPrograms $32,194 · Management $10,731$42,925
IX-11g Other fees for servicesPrograms $308,171 · Management $66,042$374,213
IX-13 Office expensesPrograms $141,224 · Management $47,073$188,297
IX-16 OccupancyPrograms $217,050 · Management $56,087$273,137
IX-17 TravelPrograms $210,946 · Management $162$211,108
IX-20 InterestPrograms $235,682 · Management $78,560$314,242
IX-22 Depreciation, depletion and amortizationPrograms $396,203 · Management $99,051$495,254
IX-23 InsurancePrograms $133,580 · Management $33,395$166,975
IX-24 Other expenses (24a–d)Programs $637,003 · Management $37,907$674,910
IX-24e All other expensesPrograms $77,261 · Management $1,052$78,313
IX-25 Total functional expensesPrograms $6,032,778 · Management $804,151 · Fundraising $0$6,836,929
Part X · Balance sheet $10,857,515 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $2,223,967$3,018,513
X-3 Pledges and grants receivableStart of year $493,387$982,503
X-9 Prepaid expenses and deferred chargesStart of year $4,009$11,780
X-10c Land, buildings and equipment, netStart of year $7,084,438$6,832,867
X-15 Other assetsStart of year $17,413$11,852
X-16 Total assetsStart of year $9,823,214$10,857,515
X-17 Accounts payable and accrued expensesStart of year $896,639$498,987
X-26 Total liabilitiesStart of year $7,483,852$6,927,368
X-27 Net assets without donor restrictionsStart of year $2,339,362$3,930,147
X-32 Total net assets or fund balancesStart of year $2,339,362$3,930,147
X-33 Total liabilities and net assetsStart of year $9,823,214$10,857,515
Part XI · Reconciliation of net assets $3,930,147 net assets at year end
XI-1 Total revenue$8,427,714
XI-2 Total expenses$6,836,929
XI-3 Revenue less expenses$1,590,785
XI-4 Net assets at start of year$2,339,362
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,930,147

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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