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← JAKC FOUNDATION

Form 990 for tax year 2024

Filed by JAKC FOUNDATION.

Totals

Total revenue
$43,884
Total expenses
$43,884
Contributions and grants received
$0
Grants paid
$43,884
Program service revenue
$0
Investment income
$43,884
Other revenue
$0
Total assets, end of year
$4,674,883
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$4,674,883
Program services expenses (Part IX)
$43,884
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$43,884

Program services were 100.0% 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.

  • 3 · Investment income

    total $43,884 · excluded $43,884

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $43,884 · program services $43,884

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $286,483 · end of year $286,483

  • 7 · Other notes and loans receivable

    beginning of year $4,388,400 · end of year $4,388,400

  • 27 · Net assets without donor restrictions

    beginning of year $4,674,883 · end of year $4,674,883

Mission and programs · 2024

Mission

TO SUPPORT THE ACTIVITIES OF JUNIOR ACHIEVEMENT OF MIDDLE AMERICA INC.

  • TO SUPPORT JUNIOR ACHIEVEMENT'S DEVELOPMENT, EQUPIMENT AND OPERATIONS OF A NEW YOUTH FINANCIAL AND CAREER LEARNING LABORATORY AND CENTER IN KANSAS CITY, KANSAS. JAKC FOUNDATION ENTERED INTO A FINANANCING ARRANGEMENT UTILIZING FEDERAL NEW MARKET TAX CREDITS UNDER SECTION 45D OF THE CODE FOR FINANCING THE IMPROVEMENTS, EQUIPMENT, AND OPERATIONS NECESSARY FOR THE DEVELOPMENT OF THE CENTER.

    Expenses $43,884 · Grants $43,884

As filed on the 2024 return.

Listed in Part VII

  • KATHRYN RHODES

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • LEROY MCCARTY

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • JEFFREY ANDERSON

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • KC MATHEWS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • VERCIE LARK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • MEGAN STURGES STANFIELD

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $196,495
    From this org
    $0
    From related orgs
    $179,625
    Other
    $16,870
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $179,625 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,765 related
    Nontaxable benefits
    $0 + $10,105 related
    Filer's total
    $0 + $196,495 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)

PART I, LINE 3
THE NATIONAL OFFICE, JA USA LOCATED IN COLORADO SPRINGS, CO PROVIDES COMPARABLE DATA FOR THE COMPENSATION FOR THE JUNIOR ACHIEVEMENT OF GREATER KANSAS CITY STAFF BASED ON POSITION AND GEOGRAPHIC REGION. THE CHAIRMAN AND VICE CHAIRMAN REVIEW THE INFORMATION AND MAKE A RECOMMENDATION THE THE EXECUTIVE COMMITTEE FOR APPROVAL, REGARDING CEO ANNUAL COMPENSATION AND BONUSES.

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

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
13 February 2026
IRS schema version
2024v5.5
Source object
202600449349302155

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