Nonprofit · EIN 87-2513010
AMBITION ANGELS
Tax-exempt · E PALO ALTO, CA 94303
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $961,824 | $1,171,959 | -$210,135 | $168,680 | $66,354 | $102,326 |
| December 31, 2024 | 990 | $946,098 | $1,016,020 | -$69,922 | $312,775 | $314 | $312,461 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $961,824
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $189,000
- Other salaries and wages
- $279,421
- Salaries, compensation and benefits (total)
- $561,626
- Professional fundraising fees
- $0
- Accounting fees
- $4,850
- Occupancy
- $9,585
- Travel
- $5,810
- Program services (functional)
- $909,983
- Management and general (functional)
- $66,341
- Fundraising (functional)
- $195,635
Balance sheet and other
- Total assets, start of year
- $312,775
- Total assets, end of year
- $168,680
- Total liabilities, end of year
- $66,354
- Net assets, end of year
- $102,326
- Net assets without donor restrictions
- $102,326
- Gross receipts
- $961,824
- Employees
- 5
- Volunteers
- 20
- Year formed
- 2021
- State of legal domicile
- CA
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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| OLAREMI SOBOMEHIN | PRESIDENT/CE Trustee or director, Officer | 40 | $165,000 | $24,000 |
| JERRELL BROWN | TREASURER/BO Trustee or director, Officer | 1 | $0 | $0 |
| LARA SELLERS | SECRETARY/BO Trustee or director, Officer | 1 | $0 | $0 |
| TODD SINGLETON | CHAIR/BOARD Trustee or director, Officer | 1 | $0 | $0 |
| MICHELLE VILCHEZ | VICE CHAIR/B Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| OLAREMI SOBOMEHIN | PRESIDENT/CE Trustee or director, Officer | 40 | $165,000 | $11,800 |
| JERRELL BROWN | TREASURER/BO Trustee or director, Officer | 1 | $0 | $0 |
| LARA SELLERS | SECRETARY/BO Trustee or director, Officer | 1 | $0 | $0 |
| TODD SINGLETON | CHAIR/BOARD Trustee or director, Officer | 1 | $0 | $0 |
| MICHELLE VILCHEZ | VICE CHAIR/B Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1265 BEECH ST, E PALO ALTO, CA 94303-2020
- Principal officer (990 for 2025)
- OLAREMI SOBOMEHIN, 1265 BEECH STREET, EAST PALO ALTO, CA 94303
- Signed the 990
- OLAREMI SOBOMEHIN, PRESIDENT/CEO
- Phone
- (503) 803-5569
- Website
- WWW.AMBITIONANGELS.ORG
- Return prepared by
- SOZO CONSULTING
California records
California keeps its own records of charities and corporations. Search them by EIN 87-2513010 or by the name AMBITION ANGELS.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
HELPING EQUIP UNDERSERVED TEENS WITH THE SKILLS NEEDED TO THRIVE IN SCHOOL, THEIR CAREERS, AND LIFE.
Program accomplishments
- AMBITION ANGELS OPERATED THE AMBITION APP, A FREE MOBILE PLATFORM DELIVERING VIRTUAL CAREER INTERNSHIP SIMULATIONS AND LIFE SKILLS PROGRAMMING TO UNDERSERVED HIGH SCHOOL STUDENTS ACROSS THE BAY AREA. IN 2025, THE ORGANIZATION SERVED 1,038 STUDENTS, FACILITATED OVER 20,000 INTERNSHIP DAYS THROUGH THE APP, AND MAINTAINED ACTIVE PARTNERSHIPS WITH 36 SCHOOLS AND NONPROFIT ORGANIZATIONS. STUDENTS ENGAGED IN IMMERSIVE, DOMAIN-SPECIFIC INTERNSHIP EXPERIENCES IN AREAS INCLUDING MARKETING, ENTREPRENEURSHIP, AND THE SKILLED TRADES, AND BUILT CAREER PORTFOLIOS THROUGH STRUCTURED CURRICULUM. PROGRAMMING WAS DELIVERED PRIMARILY THROUGH SCHOOL AND NONPROFIT PARTNER CHANNELS.Expenses $909,983
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 87-2513010
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $168,680
- Income (IRS master file)
- $961,824
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $961,824 | $1,171,959 | $168,680 | XML |
| 990 | December 2024 | $946,098 | $1,016,020 | $312,775 | XML |
| 990 | December 2023 | $1,161,002 | $850,692 | $540,132 | IRS |
| 990 | December 2022 | $222,100 | $160,022 | $72,073 | 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 87-2513010).
Questions about AMBITION ANGELS
- What is the EIN of AMBITION ANGELS?
- The employer identification number (EIN) of AMBITION ANGELS is 87-2513010.
- Is AMBITION ANGELS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to AMBITION ANGELS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AMBITION ANGELS 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 ANGELS due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AMBITION ANGELS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of AMBITION ANGELS?
- The 990 for the year ended December 31, 2025 names OLAREMI SOBOMEHIN.
- Who are the officers and directors of AMBITION ANGELS?
- The 990 for the year ended December 31, 2025 lists 5 people; 1 received compensation from the organization, the highest $165,000 (OLAREMI SOBOMEHIN, PRESIDENT/CE).
- How much revenue does AMBITION ANGELS have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $961,824, expenses of $1,171,959 and total assets of $168,680 at year end.
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