Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2023.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
78 cents of each dollar spent went to programs.
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
5 people listed on the 990; $165K paid to officers and key staff.
Olaremi Sobomehin’s $165K as President/Ce is at the 97th percentile of top reported officer pay among 1613 $100K–1M 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 · 1 named individual · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Olaremi Sobomehin | $165,000 | $165,000 | $164,863 | $82,500 |
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.
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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
Equips underserved teens with skills for school, careers, and life.
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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…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $412K | $270K |
| Total assetsLn 16 | $540K | $313K |
| LiabilitiesLn 26 | $158K | $314 |
| Net assetsLn 32 | $382K | $312K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $177K | $106K | $18K | $53K |
| Other salaries and wagesLn 7 | $216K | $130K | $22K | $65K |
| Other employee benefitsLn 9 | $16K | $10K | $2K | $5K |
| Payroll taxesLn 10 | $32K | $19K | $3K | $10K |
| Accounting feesLn 11c | $5K | $5K | ||
| Professional fundraising feesLn 11e | $5K | $5K | ||
| Other fees for servicesLn 11g | $491K | $483K | $2K | $6K |
| Office expensesLn 13 | $36K | $23K | $3K | $10K |
| OccupancyLn 16 | $6K | $4K | $616 | $2K |
| TravelLn 17 | $7K | $7K | ||
| InsuranceLn 23 | $11K | $6K | $1K | $3K |
| Other expenses (24a–d)Ln 24 | $14K | $4K | $157 | $10K |
| Total functional expensesLn 25 | $1.0M | $791K | $57K | $168K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $962K | $1.2M | −$210K | $102K | 990 PDF |
| FY2024 Viewing | $946K | $1.0M | −$70K | $312K | 990 PDF |
| FY2023 | $1.2M | $851K | $310K | $382K | 990 PDF |
| FY2022 | $222K | $160K | $62K | $72K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $946,098 across 3 lines filed
Part IX · Statement of functional expenses $1,016,020 across 12 lines filed
Part X · Balance sheet $312,775 assets, 8 lines filed
Part XI · Reconciliation of net assets $312,461 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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