Ambitious Initiatives Inc
- Assets
- $0.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 3
- Location
- Atlanta, GA
- Founding
- 12/1999
- Data as of
- 12/2020
- EIN
- 58-2456882
Organization Overview
Ambitious Initiatives Inc, operating under the name Ambitious X, is located in Atlanta, GA. The organization was established in 1999. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2020, Ambitious X employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ambitious X is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Ambitious X generated $75.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (25.0%) each year. All expenses for the organization totaled $75.0k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (23.9%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
AMBITIOUS INITIATIVES WORKED WITH COMMUNITY ORGANIZATIONS IN ATLANTA TO BUILD A COLLECTIVE IMPACT STRATEGY FOR IMPROVING EDUCATIONAL OUTCOMES. THIS INCLUDED HOSTING SEVERAL WORKSHOPS AND EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wesley Daniel Executive Director | 40 | $0 | |
Lovett Stovall Board Member | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Carlisa Johnson Program Support | 12/30/17 | $12,000 |
Garner Circle Pr Public Relations | 12/30/17 | $5,000 |
Event Services Of Georgia Event Supplies | 12/30/17 | $4,470 |
Brandon Butler Advertisement | 12/30/17 | $3,500 |
Port City Media Group Audio Visual | 12/30/17 | $14,576 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $75,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $75,000 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $75,000 |
| Total expenses | $75,000 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Total liabilities | $0 |
| Net assets or fund balances | $0 |