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← JUNIOR ACHIEVEMENT USA FOUNDATION

Form 990 for tax year 2024

Filed by JUNIOR ACHIEVEMENT USA FOUNDATION.

Totals

Total revenue
$11,093,698
Total expenses
$331,209
Contributions and grants received
$10,629,665
Grants paid
$0
Program service revenue
$16,850
Investment income
$447,183
Other revenue
$0
Total assets, end of year
$11,127,455
Total liabilities, end of year
$286,607
Net assets or fund balances, end of year
$10,840,848
Program services expenses (Part IX)
$322,871
Management and general expenses
$8,338
Fundraising expenses
$0
Program service expenses (Part III)
$322,871

Program services were 97.5% 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.

  • 1d · Related organizations

    $10,309,665

  • 1f · All other contributions, gifts and grants

    $320,000

  • 2a · Program service revenue: PROGRAM FEES

    total $16,850 · related or exempt $16,850

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $148,590 · excluded $148,590

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $580,439

  • 7b · Less cost or other basis and sales expenses

    securities $281,846

  • 7c · Gain or loss

    securities $298,593 · other assets $0

  • 7d · Net gain or loss

    total $298,593 · excluded $298,593

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $5,655 · management and general $5,655

  • 11c · Fees: accounting

    total $2,250 · management and general $2,250

  • 11f · Fees: investment management

    total $15,834 · program services $15,834

  • 11g · Fees: other

    total $433 · program services $0 · management and general $433 · fundraising $0

  • 24a · Other expenses: EVENT EXPENSES

    total $307,037 · program services $307,037 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $237,980

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $300,000

  • 4 · Accounts receivable

    beginning of year $0 · end of year $20,646

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $10,568,829

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $7,972

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $278,635

  • 27 · Net assets without donor restrictions

    end of year $7,211,542

  • 28 · Net assets with donor restrictions

    end of year $3,629,306

Mission and programs · 2024

Mission

THE FOUNDATION'S MISSION IS TO SERVE AS A SUPPORTING ORGANIZATION FOR JUNIOR ACHIEVEMENT USA AND AFFILIATED ORGANIZATIONS TO CARRY OUT THE MISSION OF JUNIOR ACHIEVEMENT.

Activities or mission (Part I)

THE JUNIOR ACHIEVEMENT USA FOUNDATION'S ACTIVITY IS TO HOLD, MANAGE, OVERSEE, AND DISTRIBUTE ENDOWMENT AND OTHER FUNDS FOR THE BENEFIT OF JUNIOR ACHIEVEMENT USA AND AFFILIATED ORGANIZATIONS.

  • In addition to raising funds to support Junior Achievement USA, The JA USA Foundation also provides outstanding leadership training for JA USA and JA Area staff at various stages of their professional development - assisting them in the growth of their careers.

    Expenses $322,871 · Revenue $16,850

As filed on the 2024 return.

Listed in Part VII

  • Edward Priem II

    Chief Financial Officer

    Total calculated
    $373,468
    From this org
    $0
    From related orgs
    $354,142
    Other
    $19,326
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $294,420 related
    Bonus
    $0 + $59,062 related
    Other
    $0 + $660 related
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $5,526 related
    Filer's total
    $0 + $373,468 related

  • Evelyn Angelle

    Treasurer

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jack Kosakowski

    Vice Chair (Retired 6/30/2024)

    Total calculated
    $698,638
    From this org
    $0
    From related orgs
    $672,209
    Other
    $26,429
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $422,604 related
    Bonus
    $0 + $246,798 related
    Other
    $0 + $2,807 related
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $12,629 related
    Filer's total
    $0 + $698,638 related

  • Jim Hemak

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Kyle Hybl

    Chair

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Arnold Evans

    Director

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • John S Harris

    Director

    Total calculated
    $604,627
    From this org
    $0
    From related orgs
    $572,056
    Other
    $32,571
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $470,811 related
    Bonus
    $0 + $100,750 related
    Other
    $0 + $495 related
    Deferred
    $0 + $6,700 related
    Nontaxable benefits
    $0 + $25,871 related
    Filer's total
    $0 + $604,627 related

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

None.

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

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
THE GOVERNANCE PROCESS FOR DETERMINING COMPENSATION FOR THE ORGANIZATION'S CEO AND OTHER TOP MANAGEMENT IS MODELED AFTER THE REQUIREMENTS IN INTERNAL REVENUE CODE SECTION 4958 TO ESTABLISH THE REBUTTABLE PRESUMPTION OF REASONABLENESS FOR COMPENSATION. COMPENSATION WAS REVIEWED AND APPROVED BY THE EXECUTIVE COMPENSATION SUBCOMMITTEE (THE COMMITTEE) OF THE BOARD, WHICH IS COMPRISED OF INDEPENDENT PERSONS. BY ENGAGING AN INDEPENDENT COMPENSATION CONSULTANT (WILLIS TOWERS WATSON), THE COMMITTEE CONSIDERED COMPARABLE MARKET DATA FROM PUBLISHED SURVEYS AND FORM 990S OF COMPARABLE ORGANIZATIONS IN EVALUATING THE COMPENSATION FOR EACH INDIVIDUAL. THE COMMITTEE CONDUCTED A REVIEW OF THIS COMPARABILITY DATA AND DOCUMENTED ITS DELIBERATION AND DISCUSSION IN MINUTES THAT ARE RETAINED WITH THE GOVERNANCE MATERIALS OF JUNIOR ACHIEVEMENT USA. THE COMMITTEE FOLLOWED THE PROCESS TO ESTABLISH THE REBUTTABLE PRESUMPTION THAT COMPENSATION PAID TO THE ORGANIZATION'S CEO AND OTHER TOP MANAGEMENT PROFESSIONALS FOR PURPOSES OF SECTION 4958 BY RELYING ON PROFESSIONAL ADVICE IN THE WRITTEN OPINION OF REASONABLENESS FROM THE INDEPENDENT COMPENSATION CONSULTANT. THIS REVIEW PROCESS IS CONDUCTED ANUALLY AND WAS LAST COMPLETED IN 2025.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
2 May 2026
IRS schema version
2024v5.1
Source object
202621229349300712

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