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Nonprofiteer
← JUNIOR ACHIEVEMENT OF CHICAGO

Form 990 for tax year 2022

Filed by JUNIOR ACHIEVEMENT OF CHICAGO.

Totals

Total revenue
$5,109,705
Total expenses
$5,311,755
Contributions and grants received
$4,641,447
Grants paid
$11,000
Program service revenue
$0
Investment income
$485,627
Other revenue
-$17,369
Total assets, end of year
$27,139,905
Total liabilities, end of year
$2,099,635
Net assets or fund balances, end of year
$25,040,270
Program services expenses (Part IX)
$3,705,357
Management and general expenses
$945,317
Fundraising expenses
$661,081
Program service expenses (Part III)
$3,705,357

Program services were 69.8% 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.

  • 1c · Fundraising events

    $1,567,242

  • 1f · All other contributions, gifts and grants

    $3,074,205

  • 3 · Investment income

    total $448,709 · excluded $448,709

  • 7a · Gross sales of assets other than inventory

    securities $2,364,808

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

    securities $2,327,890

  • 7c · Gain or loss

    securities $36,918

  • 7d · Net gain or loss

    total $36,918 · excluded $36,918

  • 8a · Fundraising events: gross income

    $264,717

  • 8a · Fundraising events: contributions included on line 1c

    $1,567,242

  • 8b · Fundraising events: direct expenses

    $326,473

  • 8c · Net income from fundraising events

    total -$61,756 · excluded -$61,756

  • 11d · All other revenue

    total $44,387 · excluded $44,387

  • 11e · Other revenue, total

    $44,387

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $11,000 · program services $11,000

  • 5 · Compensation of officers, directors and key employees

    total $621,563 · program services $342,603 · management and general $144,701 · fundraising $134,259

  • 6 · Compensation of disqualified persons

    total $2,491,753 · program services $1,774,851 · management and general $378,695 · fundraising $338,207

  • 8 · Pension plan contributions

    total $110,286 · program services $70,737 · management and general $22,669 · fundraising $16,880

  • 9 · Other employee benefits

    total $245,205 · program services $195,974 · management and general $31,918 · fundraising $17,313

  • 10 · Payroll taxes

    total $208,982 · program services $144,053 · management and general $33,813 · fundraising $31,116

  • 11c · Fees: accounting

    total $44,504 · management and general $44,504

  • 11f · Fees: investment management

    total $96,824 · management and general $96,824

  • 11g · Fees: other

    total $146,910 · program services $33,476 · management and general $82,958 · fundraising $30,476

  • 12 · Advertising and promotion

    total $5,659 · program services $2,669 · management and general $1,603 · fundraising $1,387

  • 13 · Office expenses

    total $59,293 · program services $48,874 · management and general $7,387 · fundraising $3,032

  • 14 · Information technology

    total $58,626 · program services $39,460 · management and general $13,905 · fundraising $5,261

  • 16 · Occupancy

    total $271,028 · program services $203,271 · management and general $40,654 · fundraising $27,103

  • 17 · Travel

    total $75,599 · program services $49,652 · management and general $16,604 · fundraising $9,343

  • 19 · Conferences, conventions and meetings

    total $42,753 · program services $28,454 · management and general $7,404 · fundraising $6,895

  • 21 · Payments to affiliates

    total $345,296 · program services $345,296

  • 22 · Depreciation, depletion and amortization

    total $33,742 · program services $25,307 · management and general $5,061 · fundraising $3,374

  • 23 · Insurance

    total $99,240 · program services $74,430 · management and general $14,886 · fundraising $9,924

  • 24a · Other expenses: Student Materials

    total $311,859 · program services $311,859

  • 24e · All other expenses

    total $31,633 · program services $3,391 · management and general $1,731 · fundraising $26,511

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $77,710 · end of year $157,300

  • 2 · Savings and temporary cash investments

    beginning of year $3,684,822 · end of year $2,601,508

  • 3 · Pledges and grants receivable

    beginning of year $129,000 · end of year $106,750

  • 8 · Inventories for sale or use

    beginning of year $228,895 · end of year $227,184

  • 9 · Prepaid expenses and deferred charges

    beginning of year $56,891 · end of year $55,728

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

    $844,552

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

    $671,470

  • 10c · Land, buildings and equipment, net

    beginning of year $84,250 · end of year $173,082

  • 11 · Investments: publicly traded securities

    beginning of year $19,847,663 · end of year $22,595,214

  • 15 · Other assets

    beginning of year $308,408 · end of year $1,223,139

  • 17 · Accounts payable and accrued expenses

    beginning of year $440,886 · end of year $461,325

  • 18 · Grants payable

    beginning of year $22,221 · end of year $42,678

  • 19 · Deferred revenue

    beginning of year $397,175 · end of year $320,500

  • 25 · Other liabilities

    beginning of year $308,408 · end of year $1,275,132

  • 27 · Net assets without donor restrictions

    beginning of year $23,069,938 · end of year $24,848,353

  • 28 · Net assets with donor restrictions

    beginning of year $179,011 · end of year $191,917

Mission and programs · 2022

Mission

To inspire and prepare young people to succeed in a global economy.

  • Junior Achievement educates students, from kindergarten through 12th grade, about workforce readiness, entrepreneurship and financial literacy through experiential, hands-on programs. Junior Achievement programs help prepare young people for the real world by showing them how to generate wealth and effectively manage it, how to create jobs which make their communities more robust, and how to apply entrepreneurial thinking to the workplace. Students put these lessons into action and learn the value of contributing to their communities. In the 2022-2023 school year, Junior Achievement of Chicago served 306,822 students in 14,780 classrooms throughout the Chicagoland area.

    Expenses $3,705,357 · Grants $11,000

As filed on the 2022 return.

Listed in Part VII

  • Thomas Staab

    President & CEO

    Total calculated
    $429,532
    From this org
    $412,722
    From related orgs
    $0
    Other
    $16,810
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $290,469
    Bonus
    $122,253
    Other
    $0
    Deferred
    $15,250
    Nontaxable benefits
    $1,560
    Filer's total
    $429,532

  • Katherine Scherer

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Michael Froy

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Paul Green

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Albee

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Michael Albers

    Director (Until 04/23)

    Total calculated
    $0
    Hours/week
    0.5

  • Bruce Anderson

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Mary Ann Travers

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Brian Barnes

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Anna Bathrick

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Melissa Bean

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sean Bentley

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Thomas Bindley

    Director (Until 09/22)

    Total calculated
    $0
    Hours/week
    0.5

  • Catherine Bourke

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Hillary Bochniak

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Randy Burt

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Thomas Cahill

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Deia Campanelli

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Alexander Campbell

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Neal Campbell

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Robert Chodos

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jessica Cole

    Director

    Total calculated
    $0
    Hours/week
    1

  • John Compernolle

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Elle Cordes Radke

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Tyson Cornell

    Director

    Total calculated
    $0
    Hours/week
    1

  • Bryan Cressey

    Director (Until 09/22)

    Total calculated
    $0
    Hours/week
    1

  • Randal Dawson

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Ghram Debes

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Patrice DeCorrevont

    Director

    Total calculated
    $0
    Hours/week
    1

  • David Dees

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Donna Dorsey

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Bob Dutzi

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Charles Edelstein

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Paula Ferguson

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Gina Fezler

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • James Fields

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Stanley Fields

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Joseph Fitzpatrick

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Sarah Flanagan

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Kristen Freund

    Director

    Total calculated
    $0
    Hours/week
    1

  • Stephen Grabek

    Director

    Total calculated
    $0
    Hours/week
    1

  • Stedman Graham

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Dan Hardt

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Grant Harvey

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Jonathan Haugeberg

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Joan Heggen

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Steve Henn

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Roberto Herencia

    Director

    Total calculated
    $0
    Hours/week
    1

  • Gary Holdren

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Jose Isasi II

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Janice Jackson

    Director (Until 09/22)

    Total calculated
    $0
    Hours/week
    0.5

  • George Johnson

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Jocelyn Jopa

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Kip Kelley

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Anthony Kesman

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Jamie Kieffer

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Lester Knight

    Director (Until 09/22)

    Total calculated
    $0
    Hours/week
    0.5

  • Mablene Krueger

    Director (Until 07/22)

    Total calculated
    $0
    Hours/week
    1

  • Paul Larson

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Katie Lawler

    Director

    Total calculated
    $0
    Hours/week
    1

  • Christine Leahy

    Director

    Total calculated
    $0
    Hours/week
    1

  • Matthew Leonard

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Katherine Linzer

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Curtis Maas

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Patrick Macellaro

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • David Marberger

    Director

    Total calculated
    $0
    Hours/week
    1

  • Gary Maus

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Willie Mayberry

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Anthony McCain

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Carla Michelotti

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Michael Mikhail

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Thomas Monahan

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Heather Mooney

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Brian Morgan

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Paul Morgan

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Tracie Morris

    Director (Until 08/22)

    Total calculated
    $0
    Hours/week
    1

  • Wade Mynatt

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Stephen Nesbitt

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Larry Nieman

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Robert O'Keef

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Edmond Opler

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Donald Ortegel

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Charmaine Owens

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Alberto Paracchini

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Mordie Pearson

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Jose Pena

    Director

    Total calculated
    $0
    Hours/week
    1

  • David Pilotto

    Director (Until 09/22)

    Total calculated
    $0
    Hours/week
    0.5

  • Frank Ptak

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Scott Ramsbottom

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Mark Roche

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • John Rodi

    Director

    Total calculated
    $0
    Hours/week
    1

  • Patrick Roxworthy

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • James Rozsypal

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • James Samartzis

    Director (Until 09/22)

    Total calculated
    $0
    Hours/week
    0.5

  • E Scott Santi

    Director (Until 09/22)

    Total calculated
    $0
    Hours/week
    1

  • Greg Saul

    Director (Until 09/22)

    Total calculated
    $0
    Hours/week
    0.5

  • Rod Schrader

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Rex Sessions

    Director (Until 09/22)

    Total calculated
    $0
    Hours/week
    0.5

  • Erik Severinghaus

    Director (Until 09/22)

    Total calculated
    $0
    Hours/week
    0.5

  • Elbert Singleton

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Mark Skroch

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Laura Slagter

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Denis Springer

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Lisa Stenglein

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Bob Stewart

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Lynette Stokes

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Lisa Stuver

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Chris Sweetland

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Michael Tower

    Director

    Total calculated
    $0
    Hours/week
    1

  • Daniel Van Aken

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Thomas Weber

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Bryn Wiley

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Spencer Williams

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Nathan Winters

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Desmond Wong

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Maria Ramos

    SVP of Education & Operations

    Total calculated
    $230,023
    From this org
    $208,840
    From related orgs
    $0
    Other
    $21,183
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $170,817
    Bonus
    $38,023
    Other
    $0
    Deferred
    $10,509
    Nontaxable benefits
    $10,674
    Filer's total
    $230,023

  • Derek Ernst

    VP of Development

    Total calculated
    $184,572
    From this org
    $174,818
    From related orgs
    $0
    Other
    $9,754
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $148,822
    Bonus
    $25,996
    Other
    $0
    Deferred
    $8,708
    Nontaxable benefits
    $1,046
    Filer's total
    $184,572

  • Terrance Guthrie

    VP of Finance and Administration

    Total calculated
    $189,089
    From this org
    $171,117
    From related orgs
    $0
    Other
    $17,972
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $143,587
    Bonus
    $27,530
    Other
    $0
    Deferred
    $8,668
    Nontaxable benefits
    $9,304
    Filer's total
    $189,089

  • Ravi Parakkat

    VP of Digital Transformation

    Total calculated
    $189,082
    From this org
    $162,627
    From related orgs
    $0
    Other
    $26,455
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $137,744
    Bonus
    $24,883
    Other
    $0
    Deferred
    $1,283
    Nontaxable benefits
    $25,172
    Filer's total
    $189,082

  • Amy Youngberg

    VP of Programs

    Total calculated
    $128,687
    From this org
    $113,777
    From related orgs
    $0
    Other
    $14,910
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $97,113
    Bonus
    $16,664
    Other
    $0
    Deferred
    $5,779
    Nontaxable benefits
    $9,131
    Filer's total
    $128,687

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 committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 7
All employees are eligible to participate in the incentive plan assuming that they have been employed at JA of Chicago for at least six months and meet requirements based on their performance review. The plan is funded based on JA of Chicago's fundraising goal. At target performance, payouts for bonuses are determined based on percentage of base salary. The Compensation Committee of the Board of Directors administers the plan and has discretion over the rules and interpretations of the plan.

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
2022
Filed
31 October 2023
IRS schema version
2022v5.0
Source object
202343059349303074

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