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Nonprofit · EIN 82-3875659

AMBITION PREPARATORY CHARTER SCHOOL

Tax-exempt · JACKSON, MS 39209

Financials

$5.6M$5.3M2022$6.8M$6.3M2023$8.4M$6.8M2024
Revenue Expenses · by fiscal year end
Financials of AMBITION PREPARATORY CHARTER SCHOOL by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$8,427,714$6,836,929$1,590,785$10,857,515$6,927,368$3,930,147
June 30, 2024990$6,791,748$6,313,582$478,166$9,823,214$7,483,852$2,339,362
June 30, 2023990$5,565,557$5,269,707$295,850$9,186,987$7,325,791$1,861,196
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$8,303,621
of which government grants
$8,245,807
Program service revenue
$111,843
Investment income
$0
Net rental income
$12,250
Other revenue
$12,250

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$156,856
Other salaries and wages
$3,293,271
Salaries, compensation and benefits (total)
$4,017,555
Professional fundraising fees
$0
Accounting fees
$42,925
Occupancy
$273,137
Travel
$211,108
Depreciation
$495,254
Program services (functional)
$6,032,778
Management and general (functional)
$804,151

Balance sheet and other

Total assets, start of year
$9,823,214
Total assets, end of year
$10,857,515
Total liabilities, end of year
$6,927,368
Net assets, end of year
$3,930,147
Land, buildings and equipment
$6,832,867
Net assets without donor restrictions
$3,930,147
Gross receipts
$8,427,714
Employees
127
Volunteers
15
Year formed
2017
State of legal domicile
MS

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
DEARCHIE SCOTTEXECUTIVE DIRECTOR
Officer
40$144,624$8,782
ROCHELLE LEE- VINCENTBOARD MEMBER
Trustee or director
1$0$0
TONYA MORGANBOARD MEMBER
Trustee or director
1$0$0
THOMAS WHETZELBOARD MEMBER
Trustee or director
1$0$0
MARCUS BURGERBOARD CHAIR
Trustee or director, Officer
1$0$0
MEGAN STITZINGERVICE CHAIR
Trustee or director, Officer
1$0$0
TORREN BALLARDTREASURER
Trustee or director, Officer
1$0$0
990 for the year ended June 30, 2024: 8 people
NameTitleHours / weekCompensationOther / benefits
DEARCHIE SCOTTEXECTUTIVE DIRECTOR
Officer
40$133,725$6,925
SHARON HARRISCHIEF OF STAFF
Highest-paid employee
40$107,517$8,392
ROCHELLA LEE- VINCENTBOARD MEMBER
Trustee or director
1$0$0
TONYA MORGANBOARD MEMBER
Trustee or director
1$0$0
MARCUS BURGERBOARD CHAIR
Trustee or director, Officer
1$0$0
MEGAN STITZINGERVICE CHAIR
Trustee or director, Officer
1$0$0
TORREN BALLARDSECRETARY TIL JAN 2024, TREASURER
Trustee or director, Officer
1$0$0
THOMAS WETZELTREASURER TIL JAN 2024, BOARD MEMBER
Trustee or director, Officer
1$0$0
990 for the year ended June 30, 2023: 6 people
NameTitleHours / weekCompensationOther / benefits
DEARCHIE SCOTTEXECTUTIVE DIRECTOR
Officer
40$122,670$25,852
MARCUS BURGERBOARD CHAIR
Trustee or director, Officer
1$0$0
MEGAN STITZINGERVICE CHAIR
Trustee or director, Officer
1$0$0
TORREN BALLARDSECRETARY
Trustee or director, Officer
1$0$0
THOMAS WETZELTREASURER
Trustee or director, Officer
1$0$0
ROCHELLA LEE- VINCENTBOARD MEMBER
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
5331 CLINTON BLVD, JACKSON, MS 39209-3003
Principal officer (990 for 2024)
SHUN POWELL, 5331 CLINTON BLVD, JACKSON, MS 39209
Signed the 990
SHUN POWELL, COO
Phone
(601) 487-1658
Return prepared by
EAG GULF COAST LLC

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.

990 for the year ended June 30, 2025

Program accomplishments

  • 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. WE FIRMLY BELIEVE THAT COLLEGE BEGINS IN KINDERGARTEN.STUDENTS IN 5TH THROUGH 8TH GRADE WILL BE ENROLLED IN OUR UPPER ACADEMY. OUR UPPER ACADEMY WILL BUILD OFF OF THE SKILLS THAT STUDENTS LEARNED IN THE LOWER ACADEMY. UPON COMPLETION OF OUR PROGRAM, OUR STUDENTS WILL BE PREPARED FOR HIGH SCHOOL AND ON A PATH TO COLLEGE SUCCESS. AMBITION PREP STUDENTS WILL EXPRESS THEMSELVES IN AN EFFECTIVE MANNER TO LEAD CHANGE WITHIN THEIR COMMUNITIES AND KNOW THE POWER AND POTENTIAL OF THEIR VOICE.
    Expenses $6,032,778 · revenue $124,093

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
82-3875659
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2018
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B29)
Assets (IRS master file)
$10,857,515
Income (IRS master file)
$8,427,714

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$8,427,714$6,836,929$10,857,515IRS
990June 2024$6,791,748$6,313,582$9,823,214XML
990June 2023$5,565,557$5,269,707$9,186,987XML
990June 2022–––IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 82-3875659).

Questions about AMBITION PREPARATORY CHARTER SCHOOL

What is the EIN of AMBITION PREPARATORY CHARTER SCHOOL?
The employer identification number (EIN) of AMBITION PREPARATORY CHARTER SCHOOL is 82-3875659.
Is AMBITION PREPARATORY CHARTER SCHOOL tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
Are donations to AMBITION PREPARATORY CHARTER SCHOOL tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does AMBITION PREPARATORY CHARTER SCHOOL file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of AMBITION PREPARATORY CHARTER SCHOOL due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did AMBITION PREPARATORY CHARTER SCHOOL last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of AMBITION PREPARATORY CHARTER SCHOOL?
The 990 for the year ended June 30, 2025 names SHUN POWELL.
Who are the officers and directors of AMBITION PREPARATORY CHARTER SCHOOL?
The 990 for the year ended June 30, 2025 lists 7 people; 1 received compensation from the organization, the highest $144,624 (DEARCHIE SCOTT, EXECUTIVE DIRECTOR).
How much revenue does AMBITION PREPARATORY CHARTER SCHOOL have?
On its 990 for the year ended June 30, 2025 it reported revenue of $8,427,714, expenses of $6,836,929 and total assets of $10,857,515 at year end.

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