Skip to content
Nonprofiteer
← JUNIOR ACHIEVEMENT OF MIDDLE TENNESSEE

Form 990 for tax year 2023

Filed by JUNIOR ACHIEVEMENT OF MIDDLE TENNESSEE.

Totals

Total revenue
$2,179,932
Total expenses
$2,250,658
Contributions and grants received
$1,496,652
Grants paid
$0
Program service revenue
$202,904
Investment income
$47,841
Other revenue
$432,535
Total assets, end of year
$3,949,715
Total liabilities, end of year
$1,314,789
Net assets or fund balances, end of year
$2,634,926
Program services expenses (Part IX)
$1,745,621
Management and general expenses
$230,706
Fundraising expenses
$274,331
Program service expenses (Part III)
$1,745,621

Program services were 77.6% 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)

    $200,000

  • 1f · All other contributions, gifts and grants

    $1,296,652

  • 1g · Noncash contributions included above

    $52,951

  • 2a · Program service revenue: JA BIZTOWN PROGRAM

    total $157,800 · related or exempt $157,800

  • 2b · Program service revenue: JA FINANCE PARK PROGRAM

    total $45,104 · related or exempt $45,104

  • 3 · Investment income

    total $47,841 · related or exempt $143 · excluded $47,698

  • 8a · Fundraising events: gross income

    $609,630

  • 8b · Fundraising events: direct expenses

    $179,515

  • 8c · Net income from fundraising events

    total $430,115

  • 11a · Other revenue: OTHER

    total $2,420 · related or exempt $2,420

  • 11e · Other revenue, total

    $2,420

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $318,911 · program services $210,551 · management and general $70,184 · fundraising $38,176

  • 7 · Other salaries and wages

    total $590,003 · program services $438,979 · management and general $18,120 · fundraising $132,904

  • 8 · Pension plan contributions

    total $8,976 · program services $7,644 · management and general $239 · fundraising $1,093

  • 9 · Other employee benefits

    total $101,057 · program services $86,572 · management and general $2,973 · fundraising $11,512

  • 10 · Payroll taxes

    total $63,328 · program services $45,405 · management and general $5,761 · fundraising $12,162

  • 11c · Fees: accounting

    total $9,700 · program services $5,124 · management and general $4,576

  • 13 · Office expenses

    total $6,070 · program services $3,529 · management and general $1,943 · fundraising $598

  • 16 · Occupancy

    total $218,854 · program services $203,534 · management and general $8,754 · fundraising $6,566

  • 17 · Travel

    total $5,477 · management and general $5,477

  • 20 · Interest

    total $164 · management and general $164

  • 22 · Depreciation, depletion and amortization

    total $244,539 · program services $225,168 · management and general $19,371

  • 23 · Insurance

    total $28,679 · program services $25,028 · management and general $1,639 · fundraising $2,012

  • 24a · Other expenses: PROGRAM AND SUPPORT FEES

    total $165,418 · program services $129,026 · management and general $14,888 · fundraising $21,504

  • 24b · Other expenses: REPAIR & MAINTENANCE

    total $115,306 · program services $104,005 · management and general $6,195 · fundraising $5,106

  • 24c · Other expenses: PROGRAM MATERIALS

    total $92,663 · program services $92,663

  • 24d · Other expenses: STUDENT TRANSPORTATION

    total $89,060 · program services $89,060

  • 24e · All other expenses

    total $192,453 · program services $79,333 · management and general $70,422 · fundraising $42,698

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,235,035 · end of year $1,431,972

  • 3 · Pledges and grants receivable

    beginning of year $393,247 · end of year $362,513

  • 9 · Prepaid expenses and deferred charges

    beginning of year $28,290 · end of year $11,383

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

    $3,988,109

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

    $2,898,120

  • 10c · Land, buildings and equipment, net

    beginning of year $1,279,236 · end of year $1,089,989

  • 15 · Other assets

    beginning of year $1,251,383 · end of year $1,053,858

  • 17 · Accounts payable and accrued expenses

    beginning of year $53,990 · end of year $116,957

  • 19 · Deferred revenue

    beginning of year $119,674 · end of year $90,400

  • 23 · Secured mortgages and notes payable

    beginning of year $37,242 · end of year $17,895

  • 25 · Other liabilities

    beginning of year $1,270,633 · end of year $1,089,537

  • 27 · Net assets without donor restrictions

    beginning of year $2,067,143 · end of year $2,042,429

  • 28 · Net assets with donor restrictions

    beginning of year $638,509 · end of year $592,497

Mission and programs · 2023

Mission

JUNIOR ACHIEVEMENT OF MIDDLE TENNESSEE IS PART OF THE WORLD'S LARGEST ORGANIZATION DEDICATED TO GIVING YOUNG PEOPLE THE KNOWLEDGE AND SKILLS THEY NEED TO OWN THEIR ECONOMIC SUCCESS, PLAN FOR THEIR FUTURE, AND MAKE SMART ACADEMIC AND ECONOMIC CHOICES. OUR FINANCIAL LITERACY, WORK READINESS AND ENTREPRENEURSHIP PROGRAMS EMPOWER STUDENTS TO MAKE A CONNECTION BETWEEN WHAT THEY LEARN IN SCHOOL AND HOW IT CAN BE APPLIED IN THE REAL WORLD. THIS ENHANCES THE RELEVANCE OF THEIR CLASSROOM LEARNING AND INCREASES THEIR UNDERSTANDING OF THE VALUE OF STAYING IN SCHOOL. FOUNDED IN MIDDLE TENNESSEE IN 1957, JUNIOR ACHIEVEMENT NOW OPERATES IN 16 COUNTIES IN THE REGION AND IS PRESENT IN OVER 200 SCHOOLS. THROUGH VOLUNTEER-DRIVEN PROGRAMS, OUR MENTORS ALSO MOTIVATE THE STUDENTS TO BELIEVE "I CAN- AND REALIZE THEIR FULL POTENTIAL.

  • ECONOMIC EDUCATION PROGRAMS BENEFITTING STUDENTS IN MIDDLE TENNESSEE. THESE CLASSROOM-BASED PROGRAMS FOR KINDERGARTEN THROUGH 12TH GRADE COVER A RANGE OF TOPICS RELATED TO THE FOUNDATIONS OF A LOCAL/GLOBAL ECONOMY, FINANCIAL LITERACY, PERSONAL RESPONSIBILITY AS A COMMUNITY MEMBER, ENTREPRENEURSHIP, AND OVERALL CAREER PREPARATION/READINESS. THESE HIGHLY INTERACTIVE PROGRAMS ARE DELIVERED BY BUSINESS AND COMMUNITY VOLUNTEERS WHO EXPOSE STUDENTS TO A 'REAL-WORLD' PERSPECTIVE AND SERVE AS POSITIVE ROLE MODELS AND MENTORS TO STUDENTS.

    Expenses $321,448

  • JA BIZTOWN IS AN UNMATCHED LEARNING EXPERIENCE WHERE 4TH-6TH GRADE STUDENTS TAKE ON THE ROLE OF EMPLOYEE, TAX PAYER AND CONSUMER IN A SIMULATED CITY. THE VISIT TO THE JA BIZTOWN FACILITY IS THE CAPSTONE TO THE IN-CLASSROOM LEARNING. THE HANDS-ON EXPERIENTIAL PROGRAM GIVES STUDENTS A GLIMPSE INTO LIFE AS A MEMBER OF THE COMMUNITY AND HOW EACH INDIVIDUAL CAN CONTRIBUTE TO THEIR COMMUNITY'S OVERALL SUCCESS. JA BIZTOWN OPERATES THROUGHOUT THE SCHOOL YEAR AND ADDITIONALLY PARTNERS WITH SUMMER PROGRAMS.

    Expenses $704,543

  • JA FINANCE PARK IS A PROGRAM DEVELOPED TO EDUCATE AND INSPIRE FINANCIAL INDEPENDENCE AND CAREER EXPLORATION. THIS PROGRAM GIVES MIDDLE AND HIGH SCHOOL STUDENTS THE SKILLS THEY NEED TO SUCCEED IN THE CAREERS OF TOMORROW. STUDENTS GAIN AN UNDERSTANDING OF THE RELATIONSHIP BETWEEN FINANCIAL DECISIONS AND THE ABILITY TO SUSTAIN A DESIRED LIFESTYLE. AFTER IN- CLASSROOM INSTRUCTION, STUDENTS PARTICIPATE IN A DAY-LONG HANDS-ON BUDGETING SIMULATION.

    Expenses $719,630

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • TRENT KLINGENSMITH

    PRESIDENT

    Total calculated
    $190,879
    From this org
    $167,200
    From related orgs
    $0
    Other
    $23,679
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,200
    Bonus
    not reported
    Other
    not reported
    Deferred
    $23,679
    Nontaxable benefits
    not reported
    Filer's total
    $190,879

  • RACHEL DYER

    SR. DIR. OP.

    Total calculated
    $128,032
    From this org
    $106,400
    From related orgs
    $0
    Other
    $21,632
    Hours/week
    40

  • DARA BACON

    SR. DIR. DEV

    Total calculated
    $115,698
    From this org
    $106,400
    From related orgs
    $0
    Other
    $9,298
    Hours/week
    40

  • MINDY BARRY

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL BASH

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PAIGE BIGHAM

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MERRILL BOHREN

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MALCOLM BRAGG

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JENNIFER BRANTLEY

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAVE BRIGGS

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • LUCY CARTER

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARK CATE

    GOVERNMENT R

    Total calculated
    $0
    Hours/week
    1

  • RACE CHOLEWINSKI

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CHRIS CLAYBROOK

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • HIRAM COX

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PAUL CRAIG

    EDUCATION CH

    Total calculated
    $0
    Hours/week
    1

  • MIKE CURB

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SHOUVIK DAS

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ALEX DAWALD

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LAURA DELEOT

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • REGGIE DESTIN

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOHN DOERGE

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BOBBY EDWARDS

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAVID GARFINKLE

    PAST TREASUR

    Total calculated
    $0
    Hours/week
    1

  • DOUG GHERTNER

    INDIVIDUAL G

    Total calculated
    $0
    Hours/week
    1

  • STEVE GLASGOW

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LESLIE GODFREY

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JEFF GOODWIN

    FUNDING VC

    Total calculated
    $0
    Hours/week
    1

  • CLINT GRAY

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JASON GREGORY

    BOARD DEV VC

    Total calculated
    $0
    Hours/week
    1

  • COREY HAMMONDS

    BOARD DEV CH

    Total calculated
    $0
    Hours/week
    1

  • CLIFTON HARRIS

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CANDIAS HAYES

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOHN HAYES

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DREW HENDRICKSON

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • COLE HODGES

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GEORGE H ARMISTEAD III

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • W DAVID JONES

    SPECIAL PROJ

    Total calculated
    $0
    Hours/week
    1

  • KELLY KING

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MEREDITH LONG

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JUSTIN MAIERHOFER

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • STEVE MASON

    FUNDING CHAI

    Total calculated
    $0
    Hours/week
    1

  • DAVE MICHAEL

    EVENTS VICE

    Total calculated
    $0
    Hours/week
    1

  • MEGAN MOODY

    EVENTS CHAIR

    Total calculated
    $0
    Hours/week
    1

  • RUSS MORGAN

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BRIAN NOCK

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JIM PARROTT

    EDUCATION VI

    Total calculated
    $0
    Hours/week
    1

  • DAVID PEMBERTON

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JANELLE RAAEN

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TODD RAVIN

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • IVAN REEVES

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JEROME RICHARDSON

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARVIN SHOTTS

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JEFF SMITH

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NIKKI SMITH-BARTLEY

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SHANNON SULLIVAN

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOHN WEST

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • LARRY WHISENANT

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BILL WICKETT

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CAROLINE WILLIAMS

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LORI WILLIAMS

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CLAUDIA ZUAZUA

    MEMBER

    Total calculated
    $0
    Hours/week
    1

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 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
15 November 2024
IRS schema version
2023v5.0
Source object
202403209349314210

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.