Form 990 for tax year 2023
Filed by JUNIOR ACHIEVEMENT OF MEMPHIS AND THE MID-SOUTH.
Totals
- Total revenue
- $3,391,536
- Total expenses
- $2,895,024
- Contributions and grants received
- $3,051,000
- Grants paid
- $0
- Program service revenue
- $170,480
- Investment income
- $58,656
- Other revenue
- $111,400
- Total assets, end of year
- $8,370,601
- Total liabilities, end of year
- $1,479,381
- Net assets or fund balances, end of year
- $6,891,220
- Program services expenses (Part IX)
- $2,388,788
- Management and general expenses
- $303,025
- Fundraising expenses
- $203,211
- Program service expenses (Part III)
- $2,388,788
Program services were 82.5% 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.
-
1e · Government grants (contributions)
$219,500
-
1f · All other contributions, gifts and grants
$2,831,500
-
2a · Program service revenue: PROGRAM REVENUE
total $170,480 · related or exempt $170,480
-
3 · Investment income
total $58,656 · excluded $58,656
-
6a · Gross rents
real property $21,130
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $21,130
-
6d · Net rental income or loss
total $21,130 · excluded $21,130
-
8a · Fundraising events: gross income
$113,501
-
8b · Fundraising events: direct expenses
$23,231
-
8c · Net income from fundraising events
total $90,270 · excluded $90,270
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $594,661 · program services $428,157 · management and general $95,145 · fundraising $71,359
-
7 · Other salaries and wages
total $622,837 · program services $448,443 · management and general $99,654 · fundraising $74,740
-
9 · Other employee benefits
total $58,260 · program services $41,946 · management and general $9,323 · fundraising $6,991
-
10 · Payroll taxes
total $83,756 · program services $60,304 · management and general $13,401 · fundraising $10,051
-
11b · Fees: legal
total $75 · management and general $75
-
11c · Fees: accounting
total $32,000 · management and general $32,000
-
11g · Fees: other
total $89,394 · program services $77,121 · management and general $7,013 · fundraising $5,260
-
12 · Advertising and promotion
total $312,326 · program services $310,926 · management and general $800 · fundraising $600
-
16 · Occupancy
total $137,636 · program services $126,931 · management and general $6,117 · fundraising $4,588
-
17 · Travel
total $86,526 · program services $86,526
-
20 · Interest
total $3,116 · program services $2,898 · management and general $125 · fundraising $93
-
22 · Depreciation, depletion and amortization
total $336,995 · program services $313,405 · management and general $13,480 · fundraising $10,110
-
24a · Other expenses: MATERIALS AND SUPPLIES
total $317,088 · program services $302,729 · management and general $8,205 · fundraising $6,154
-
24b · Other expenses: FOOD
total $77,721 · program services $77,721
-
24c · Other expenses: STAFF TRAINING
total $66,572 · program services $56,474 · management and general $5,770 · fundraising $4,328
-
24d · Other expenses: COMPUTERS AND SOFTWARE
total $39,136 · program services $28,621 · management and general $6,009 · fundraising $4,506
-
24e · All other expenses
total $36,925 · program services $26,586 · management and general $5,908 · fundraising $4,431
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $760,938 · end of year $2,671,638
-
3 · Pledges and grants receivable
beginning of year $2,225,478 · end of year $830,437
-
10a · Land, buildings and equipment: cost or other basis
$4,081,319
-
10b · Land, buildings and equipment: accumulated depreciation
$515,306
-
10c · Land, buildings and equipment, net
beginning of year $3,774,182 · end of year $3,566,013
-
15 · Other assets
beginning of year $1,351,183 · end of year $1,302,513
-
17 · Accounts payable and accrued expenses
beginning of year $367,407 · end of year $203,493
-
25 · Other liabilities
beginning of year $1,349,666 · end of year $1,275,888
-
27 · Net assets without donor restrictions
beginning of year $4,464,230 · end of year $6,168,783
-
28 · Net assets with donor restrictions
beginning of year $1,930,478 · end of year $722,437
Mission and programs · 2023
Mission
SINCE MAY 4, 1955, JUNIOR ACHIEVEMENT OF MEMPHIS AND THE MID-SOUTH HAS BEEN COMMITTED TO INSPIRE AND PREPARE YOUNG PEOPLE TO SUCCEED IN A GLOBAL ECONOMY. WE EMPOWER CHILDREN TO LEAD INDEPENDENT LIVES AS THEYWORK TO ATTAIN THEIR DREAMS THROUGH PROGRAMS THAT TEACH FINANCIAL LITERACY, WORK READINESS, AND ENTREPRENEURSHIP. OUR WORK ISACCOMPLISHED IN CLASSROOMS AND MOBILE LEARNING CENTERS ACROSS THEMID-SOUTH. WE HAVE A GEOGRAPHIC SERVICE FOOTPRINT OF 25 COUNTIES INARKANSAS, MISSISSIPPI, AND TENNESSEE.
Activities or mission (Part I)
TO EDUCATE AND INSPIRE YOUNG PEOPLE TO VALUE FREE ENTERPRISE, BUSINESS AND ECONOMICS TO IMPROVE THE QUALITY OF THEIR LIVES.
-
JA BIZTOWN COMBINES IN-CLASS LEARNING WITH A DAY-LONG VISIT TO A SIMULATED TOWN. THIS PROGRAM ALLOWS ELEMENTARY AND MIDDLE SCHOOL STUDENTS TO OPERATE BANKS, MANAGE BUSINESSES, WRITE CHECKS, AND VOTE FOR MAYOR. THE PROGRAM HELPS STUDENTS CONNECT THE DOTS TO WHAT THEYLEARN IN SCHOOL AND THE REAL WORLD. JA BIZTOWN HAS BEEN SERVING THEMID-SOUTH SINCE 2003 AND HAS BOTH A MOBILE UNIT AND A NEW EXPERIENTIAL LEARNING CENTER OPENING IN SPRING OF 2023 THAT WILL GIVE THE 25COUNTIES WE SERVE MULTIPLE OPTIONS FOR DELIVERY.
Expenses $762,341 · Revenue $57,430
-
JA FINANCE PARK: IMAGINE YOU'RE A 27-YEAR-OLD SINGLE PARENT EARNING $25,000 A YEAR AS AN OFFICE ASSISTANT, OR PERHAPS YOU'RE A 35-YEAR-OLDREGIONAL MANAGER MAKING $65,000 ANNUALLY. HOW WILL YOU MANAGE YOURMONEY? AT JA FINANCE PARK, WHATEVER ROLE STUDENTS ARE ASSIGNED, THEYDEVELOP LIFELONG FINANCIAL SKILLS THROUGH THE PROGRAM'S SIMULATED EXPERIENCES. JA FINANCE PARK IS OFFERED VIRTUALLY, ON SITE AT SCHOOLS,OR IN OUR NEW EXPERIENTIAL LEARNING CENTER OPENED IN SPRING OF 2023.
Expenses $680,938
-
JA INSPIRE IS A UNIQUE CAREER EXPLORATION FAIR FOR EIGHTH GRADE STUDENTS ACROSS MEMPHIS AND THE MID-SOUTH. THIS EDUCATIONAL EVENT ISDESIGNED FOR STUDENTS TO RECEIVE HANDS-ON LEARNING EXPERIENCES FROMINDUSTRY EXPERTS THAT HIGHLIGHT FAST-GROWING CAREERS AND EMERGINGTECHNOLOGIES IN OUR LOCAL ECONOMY. JA INSPIRE WILL BRING TOGETHER AVARIETY OF EMPLOYERS AND THOUSANDS OF STUDENTS TO CREATE AN IMMERSIVE EXPERIENCE THAT EXPOSES STUDENTS TO DIFFERENT CAREERS AND THE SKILLSNEEDED TO PURSUE A FUTURE IN THESE INDUSTRIES. JA INSPIRE IS BOTH AVIRTUAL AND IN-PERSON LEARNING EXPERIENCE FOR MIDDLE AND HIGH SCHOOLSTUDENTS.
Expenses $717,128 · Revenue $113,050
-
Expenses $228,381
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Brandon CooperBRANDON COOPER
PAST BOARD CHAIR, INVESTMENT COMMITTEE CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
Karen KoplonKAREN KOPLON
CORPORATE SECRETARY
- Total calculated
- $0
- Hours/week
- 3
-
Jason CampbellJASON CAMPBELL
TREASURER
- Total calculated
- $0
- Hours/week
- 3
-
Adam KingADAM KING
CHAIR, AUDIT COMMITTEE
- Total calculated
- $0
- Hours/week
- 3
-
Pearson CrutcherPEARSON CRUTCHER
CHAIR, COMMUNITY ENGAGEMENT COMMITTEE
- Total calculated
- $0
- Hours/week
- 3
-
Kelly LomaxKELLY LOMAX
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
Brenda DuckettBRENDA DUCKETT
DEVELOPMENT COMMITTEE CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
Dr Sha FanionDR SHA FANION
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Rick FogelmanRICK FOGELMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Cassie Lynn FooteCASSIE LYNN FOOTE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Justin GentryJUSTIN GENTRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Henry GordonHENRY GORDON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Sheleah HarrisSHELEAH HARRIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Scotty HendricksSCOTTY HENDRICKS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Charlie HouseCHARLIE HOUSE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Darryl JacksonDARRYL JACKSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Casey KingCASEY KING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Samuel KingSAMUEL KING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Dr Mary McDonaldDR MARY MCDONALD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Kevin McEniryKEVIN MCENIRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Kimberly MooreKIMBERLY MOORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Brittney MurrayBRITTNEY MURRAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Alana Hu PerkovicALANA HU PERKOVIC
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Alex PinaALEX PINA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Brad PhillipsBRAD PHILLIPS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Jessica SeidnerJESSICA SEIDNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Steve SwainSTEVE SWAIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Ted TownsendTED TOWNSEND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Scott TrammellSCOTT TRAMMELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Robin WallaceROBIN WALLACE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Alonzo WeaverALONZO WEAVER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Kenneth WorlesKENNETH WORLES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Leigh MansbergLEIGH MANSBERG
PRESIDENT
- Total calculated
- $211,582
- From this org
- $207,268
- From related orgs
- $0
- Other
- $4,314
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $207,268
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $4,314
- Filer's total
- $211,582
-
Katie West McCraryKATIE WEST MCCRARY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Jason McNeilJASON MCNEIL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Dr Gregory BollerDR GREGORY BOLLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Tarek DernaikaTAREK DERNAIKA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Gabe FranceschiGABE FRANCESCHI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Tiffanie HedinTIFFANIE HEDIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Stephan FrenchSTEPHAN FRENCH
CHIEF OPERATING OFFICER
- Total calculated
- $159,902
- From this org
- $157,423
- From related orgs
- $0
- Other
- $2,479
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $157,423
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $2,479
- Filer's total
- $159,902
-
Bill DuffBILL DUFF
CHIEF FINANCIAL OFFICER
- Total calculated
- $119,802
- From this org
- $119,802
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Kesha IvyKESHA IVY
CHIEF ACADEMIC OFFICER
- Total calculated
- $103,378
- From this org
- $97,498
- From related orgs
- $0
- Other
- $5,880
- Hours/week
- 40
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 · Compensation survey or study
- 3 · Approval by the board or compensation committee
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
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
- 2023
- Filed
- 21 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202432969349301018
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