Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $2,849

• 1f · All other contributions, gifts and grants

  $1,455,424

• 1g · Noncash contributions included above

  $23,564

• 3 · Investment income

  total $243,368 · excluded $243,368

• 7a · Gross sales of assets other than inventory

  securities $690,975

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

  securities $650,553

• 7c · Gain or loss

  securities $40,422

• 7d · Net gain or loss

  total $40,422 · excluded $40,422

• 8a · Fundraising events: gross income

  $16,476

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

  $2,849

• 8b · Fundraising events: direct expenses

  $17,797

• 8c · Net income from fundraising events

  total -$1,321 · excluded -$1,321

• 9a · Gaming: gross income

  $27,060

• 9b · Gaming: direct expenses

  $1,830

• 9c · Net income from gaming

  total $25,230 · excluded $25,230

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $375,215 · program services $375,215

• 5 · Compensation of officers, directors and key employees

  total $225,000 · program services $129,375 · management and general $5,625 · fundraising $90,000

• 10 · Payroll taxes

  total $18,334 · program services $10,542 · management and general $458 · fundraising $7,334

• 11f · Fees: investment management

  total $36,490 · management and general $36,490

• 11g · Fees: other

  total $6,518 · program services $1,933 · fundraising $4,585

• 13 · Office expenses

  total $201 · management and general $201

• 17 · Travel

  total $8,196 · program services $4,098 · fundraising $4,098

• 22 · Depreciation, depletion and amortization

  total $385,585 · program services $347,027 · management and general $19,279 · fundraising $19,279

• 24a · Other expenses: BOARD ACTIVITIES

  total $16,212 · program services $4,864 · management and general $3,243 · fundraising $8,105

• 24b · Other expenses: SUBSCRIPTIONS AND DUES

  total $1,650 · program services $825 · fundraising $825

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $897,673 · end of year $1,813,258

• 3 · Pledges and grants receivable

  beginning of year $126,768 · end of year $613,231

• 4 · Accounts receivable

  beginning of year $295,161 · end of year $7,971

• 9 · Prepaid expenses and deferred charges

  end of year $400

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

  $9,854,060

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

  $1,855,747

• 10c · Land, buildings and equipment, net

  beginning of year $8,355,502 · end of year $7,998,313

• 11 · Investments: publicly traded securities

  beginning of year $7,279,568 · end of year $7,937,552

• 17 · Accounts payable and accrued expenses

  beginning of year $12,660 · end of year $16,657

• 27 · Net assets without donor restrictions

  beginning of year $11,812,373 · end of year $12,745,305

• 28 · Net assets with donor restrictions

  beginning of year $5,129,639 · end of year $5,608,763

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 3

JUNIOR ACHIEVEMENT OF NORTHERN INDIANA, A RELATED ORGANIZATION, HAS A COMPENSATION COMMITTEE THAT MEETS TO SET THE PRESIDENT'S SALARY. THE COMMITTEE USES THE CAREER AND COMPENSATION FRAMEWORK DESIGNED BY WILLIS TOWERS WATSON. THIS IS A MARKET-BASED APPROACH THAT IS ANCHORED IN MARKET COMPETITIVENESS AND CLOSELY CORRELATED WITH OUR ORGANIZATION'S SIZE AND GEOGRAPHIC LOCATION.