Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $495,682

• 1d · Related organizations

  $374,161

• 1e · Government grants (contributions)

  $865,727

• 1f · All other contributions, gifts and grants

  $5,269,204

• 1g · Noncash contributions included above

  $5,391

• 2a · Program service revenue: JA BIZTOWN

  total $221,078 · related or exempt $221,078

• 2b · Program service revenue: JA TRADITIONAL CLASSROOM

  total $23,180 · related or exempt $23,180

• 3 · Investment income

  total $329,343 · excluded $329,343

• 7a · Gross sales of assets other than inventory

  securities $260,343

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

  securities $0

• 7c · Gain or loss

  securities $260,343

• 7d · Net gain or loss

  total $260,343 · excluded $260,343

• 8a · Fundraising events: gross income

  $2,475

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

  $495,682

• 8b · Fundraising events: direct expenses

  $82,320

• 8c · Net income from fundraising events

  total -$79,845 · excluded -$79,845

• 11a · Other revenue: MISCELLANEOUS REVENUE

  total $7,220 · excluded $7,220

• 11e · Other revenue, total

  $7,220

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $730,000 · program services $730,000

• 2 · Grants to domestic individuals

  total $25,450 · program services $25,450

• 7 · Other salaries and wages

  total $4,130,888 · program services $2,800,906 · management and general $405,437 · fundraising $924,545

• 8 · Pension plan contributions

  total $91,934 · program services $62,318 · management and general $9,021 · fundraising $20,595

• 9 · Other employee benefits

  total $242,455 · program services $164,351 · management and general $23,790 · fundraising $54,314

• 10 · Payroll taxes

  total $298,081 · program services $202,058 · management and general $29,248 · fundraising $66,775

• 11c · Fees: accounting

  total $25,590 · management and general $25,590

• 11d · Fees: lobbying

  total $66,000 · program services $66,000

• 11g · Fees: other

  total $237,875 · program services $154,845 · fundraising $83,030

• 13 · Office expenses

  total $185,726 · program services $124,014 · management and general $17,951 · fundraising $43,761

• 16 · Occupancy

  total $555,236 · program services $454,581 · management and general $25,264 · fundraising $75,391

• 17 · Travel

  total $70,860 · program services $47,315 · management and general $6,849 · fundraising $16,696

• 20 · Interest

  total $401,598 · program services $328,795 · management and general $18,273 · fundraising $54,530

• 21 · Payments to affiliates

  total $686,049 · program services $596,127 · management and general $63,624 · fundraising $26,298

• 22 · Depreciation, depletion and amortization

  total $576,768 · program services $472,210 · management and general $26,244 · fundraising $78,314

• 24a · Other expenses: PROGRAM MATERIALS

  total $286,151 · program services $286,151

• 24b · Other expenses: OTHER PROGRAM COSTS

  total $177,879 · program services $177,879

• 24c · Other expenses: MISCELLANEOUS EXPENSE

  total $126,437 · program services $38,835 · management and general $5,572 · fundraising $82,030

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $11,524,984 · end of year $335,953

• 2 · Savings and temporary cash investments

  end of year $3,618,024

• 3 · Pledges and grants receivable

  beginning of year $4,119,662 · end of year $3,081,865

• 4 · Accounts receivable

  beginning of year $31,614 · end of year $2,033

• 8 · Inventories for sale or use

  beginning of year $17,290 · end of year $24,810

• 9 · Prepaid expenses and deferred charges

  beginning of year $46,992 · end of year $83,426

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

  $18,401,213

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

  $4,483,237

• 10c · Land, buildings and equipment, net

  beginning of year $13,975,308 · end of year $13,917,976

• 11 · Investments: publicly traded securities

  end of year $7,024,993

• 17 · Accounts payable and accrued expenses

  beginning of year $816,520 · end of year $325,540

• 23 · Secured mortgages and notes payable

  beginning of year $15,544,421

• 27 · Net assets without donor restrictions

  beginning of year $723,548 · end of year $16,099,356

• 28 · Net assets with donor restrictions

  beginning of year $12,631,361 · end of year $11,664,184

The filer's explanations (Part III)

PART I, LINE 7

THERE ARE TWO KEY COMPONENTS OF THE EXECUTIVE COMPENSATION PHILOSOPHY OF THE ORGANIZATION: 1) REWARD FOR PERFORMANCE AND 2) PROVIDE REASONABLE AND COMPETITIVE PAY PACKAGES WITH THOSE OFFERED TO LEADERS OF ORGANIZATIONS COMPARABLE TO THE ORGANIZATION IN TERMS OF SIZE, COMPLEXITY, AND MISSION IMPACT. AS PART OF THE REWARD FOR PERFORMANCE, THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD HAS ADOPTED AN INCENTIVE COMPENSATION PLAN (THE PLAN). THE PLAN INTENDED TO STIMULATE AND REWARD RESULTS AND ACHIEVEMENT NECESSARY TO ACCOMPLISH THE STRATEGIC MISSION AND IMPACT OF THE ORGANIZATION. THE PLAN IS DESIGNED TO MOTIVATE GROWTH INTO TOTAL REVENUE AND PROGRAMMATIC IMPACT IN OUR COMMUNITIES SERVED; LINK THE ACCOMPLISHMENTS OF THE ORGANIZATION'S MISSION TO COMPENSATION AND CONTROL COSTS BY PROVIDING VARIABLE COMPENSATION BASED ON PERFORMANCE TO ENHANCE AFFORDABILITY OF A TOTAL CASH COMPENSATION PROGRAM; AND ENHANCE THE FOCUS, MOTIVATION, AND RETENTION OF KEY ORGANIZATIONAL MANAGEMENT. THERE IS A CAP ON THE AMOUNT OF INCENTIVE THAT ANY EXECUTIVE CAN EARN FROM THE PLAN. THE COMPENSATION COMMITTEE USES DIRECTION IN DETERMINING THE LEVEL OF ACHIEVEMENT OF CERTAIN PERFORMANCE MEASUREMENTS. THE COMPENSATION COMMITTEE ALSO ANNUALLY EXAMINES THE COMPARABLE MARKET DATA FOR THESE POSITIONS TO ENSURE COMPENSATION REMAINS REASONABLE WHEN LOOKING AT THE TOTAL COMPENSATION PACKAGE. THE EXECUTIVE COMMITTEE OF THE BOARD MAY, IN THEIR SOLE DISCRETION, AND AT ANY TIME, ELECT TO AMEND, SUSPEND, OR TERMINATE THE PLAN. AMOUNTS PAID UNDER THE PLAN ARE INCLUDED IN PART II COLUMN (B)(II).