Totals
- Total revenue
- $1,161,002
- Total expenses
- $850,692
- Contributions and grants received
- $1,161,002
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $540,132
- Total liabilities, end of year
- $157,749
- Net assets or fund balances, end of year
- $382,383
- Program services expenses (Part IX)
- $611,844
- Management and general expenses
- $30,899
- Fundraising expenses
- $207,949
- Program service expenses (Part III)
- $611,844
Program services were 71.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$1,161,002
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $164,863 · program services $98,918 · management and general $16,486 · fundraising $49,459
-
7 · Other salaries and wages
total $46,127 · program services $27,676 · management and general $4,613 · fundraising $13,838
-
9 · Other employee benefits
total $1,711 · program services $1,027 · management and general $171 · fundraising $513
-
10 · Payroll taxes
total $15,404 · program services $9,242 · management and general $1,540 · fundraising $4,622
-
11c · Fees: accounting
total $3,250 · program services $1,950 · management and general $325 · fundraising $975
-
11e · Fees: professional fundraising services
total $120,601 · fundraising $120,601
-
11g · Fees: other
total $456,037 · program services $446,465 · management and general $2,468 · fundraising $7,104
-
12 · Advertising and promotion
total $1,184 · program services $711 · management and general $118 · fundraising $355
-
13 · Office expenses
total $19,583 · program services $10,599 · management and general $4,072 · fundraising $4,912
-
16 · Occupancy
total $3,024 · program services $1,815 · management and general $302 · fundraising $907
-
17 · Travel
total $5,163 · program services $5,163
-
19 · Conferences, conventions and meetings
total $216 · program services $129 · management and general $22 · fundraising $65
-
23 · Insurance
total $5,693 · program services $3,416 · management and general $569 · fundraising $1,708
-
24a · Other expenses: DONOR STEWARDSHIP
total $2,250 · fundraising $2,250
-
24b · Other expenses: EMPLOYEE RECRUITMENT
total $2,134 · program services $1,281 · management and general $213 · fundraising $640
-
24c · Other expenses: ENGAGEMENT EVENTS
total $1,939 · program services $1,939
-
24d · Other expenses: PROGRAM SUPPLIES/EQUIP.
total $1,259 · program services $1,259
-
24e · All other expenses
total $254 · program services $254
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $72,073 · end of year $412,096
-
3 · Pledges and grants receivable
end of year $128,036
-
17 · Accounts payable and accrued expenses
end of year $157,749
-
27 · Net assets without donor restrictions
beginning of year $72,073 · end of year $382,383
Mission and programs · 2023
Mission
HELPING EQUIP UNDERSERVED TEENS WITH THE SKILLS NEEDED TO THRIVE IN SCHOOL, THEIR CAREERS, AND LIFE.
-
IN 2023, AMBITION ANGELS SIGNIFICANTLY EXPANDED OUR IMPACT ON UNDERSERVED TEENS, TRIPLING OUR CURRICULUM LIBRARY AND WELCOMING KEY TEAM MEMBERS, INCLUDING AN OPERATIONS MANAGER AND CURRICULUM DEVELOPER. OUR FUNDRAISING EFFORTS SAW A FIVEFOLD INCREASE, LEADING TO OUR LARGEST DONATION FOR A CITY-WIDE LAUNCH IN OAKLAND IN 2024. IN PARTNERSHIP WITH STANFORD, WE ESTABLISHED A FRAMEWORK FOR LONG-TERM IMPACT ASSESSMENTS, EMPHASIZING THE 5 C'S OF POSITIVE YOUTH DEVELOPMENT. OUR PROGRAM'S EFFECTIVENESS WAS UNDERSCORED BY A THIRD-PLACE FINISH IN THE NATIONAL TELOCITY MENTAL HEALTH CHALLENGE, DEMONSTRATING OUR APP'S POTENTIAL IN MENTAL HEALTH AND PERSONAL DEVELOPMENT. THIS YEAR'S SUCCESSES SET A STRONG FOUNDATION FOR FUTURE GROWTH AND DEEPER COMMUNITY ENGAGEMENT.
Expenses $611,844
As filed on the 2023 return.
Listed in Part VII
-
Olaremi SobomehinOLAREMI SOBOMEHIN
PRESIDENT/CE
- Total calculated
- $164,863
- From this org
- $164,863
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $164,863
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $164,863
-
Jerrell BrownJERRELL BROWN
TREASURER/BO
- Total calculated
- $0
- Hours/week
- 1
-
Aaron RagsdaleAARON RAGSDALE
SECRETARY/BO
- Total calculated
- $0
- Hours/week
- 1
-
Kendra SobomehinKENDRA SOBOMEHIN
CFO/BOARD
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 20 March 2024
- IRS schema version
- 2023v5.0
- Source object
- 202401079349300310
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