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← JUNIOR ACHIEVEMENT OF CENTRAL FLORIDA FOUNDATION INC

Form 990 for tax year 2023

Filed by JUNIOR ACHIEVEMENT OF CENTRAL FLORIDA FOUNDATION INC.

Totals

Total revenue
$49,888
Total expenses
$80,920
Contributions and grants received
$0
Grants paid
$70,000
Program service revenue
$0
Investment income
$49,888
Other revenue
$0
Total assets, end of year
$1,492,185
Total liabilities, end of year
$70,000
Net assets or fund balances, end of year
$1,422,185
Program services expenses (Part IX)
$70,000
Management and general expenses
$10,920
Fundraising expenses
$0
Program service expenses (Part III)
$70,000

Program services were 86.5% 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.

  • 3 · Investment income

    total $49,888 · excluded $49,888

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $70,000 · program services $70,000

  • 11f · Fees: investment management

    total $10,920 · management and general $10,920

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $13,437 · end of year $11,981

  • 11 · Investments: publicly traded securities

    beginning of year $1,314,461 · end of year $1,480,204

  • 18 · Grants payable

    beginning of year $0 · end of year $70,000

  • 27 · Net assets without donor restrictions

    beginning of year $312,630 · end of year $406,795

  • 28 · Net assets with donor restrictions

    beginning of year $1,015,268 · end of year $1,015,390

Mission and programs · 2023

Mission

RAISES/MAINTAINS FUNDS FOR JACF WHICH EMPOWERS STUDENTS TO ECONOMIC SUCCESS BY DELIVERING INNOVATIVE, EXPERIENTIAL LEARNING PROGRAMS IN FIN LITERACY, CAREER READINESS, AND ENTREPRENEURSHIP. EDUCATORS AND BUSINESS LEADERS INSPIRE AND PREPARE STUDENTS TO SUCCEED.

Activities or mission (Part I)

RAISES/MAINTAINS FUNDS FOR JACF WHICH DELIVERS STUDENT PROGRAMS IN FIN LITERACY & ENTREPRENEURSHIP

  • JUNIOR ACHIEVEMENT OF CENTRAL FLORIDA (JACF) IS COMMITTED TO EQUIPPING YOUNG PEOPLE WITH THE SKILLS AND MINDSET THEY NEED TO BUILD SUCCESSFUL FUTURES. BY DELIVERING EDUCATIONAL PROGRAMS CENTERED ON FINANCIAL LITERACY, WORK READINESS, AND ENTREPRENEURSHIP, JACF SUPPORTS STUDENTS ACROSS ORANGE, OSCEOLA, VOLUSIA, AND SEMINOLE COUNTIES. SINCE ITS INCEPTION, JACF HAS IMPACTED THE LIVES OF MORE THAN 2,000,000 STUDENTS. IN THE 2023-2024 SCHOOL YEAR ALONE, JACF PROVIDED OVER 50,000 STUDENTS WITH NEARLY 1 MILLION HOURS OF INSTRUCTION. NOTABLE PROGRAM OUTCOMES FROM THIS PAST YEAR INCLUDE:JA FINANCE PARK VIRTUAL (FPV): A FLAGSHIP INITIATIVE, JA FINANCE PARK VIRTUAL, DELIVERED OVER 340,000 HOURS OF INSTRUCTION TO 24,000 8TH GRADERS AND GRADUATING SENIORS. (CONTINUED ON SCHEDULE O) THIS COMPREHENSIVE 25-HOUR PROGRAM INTRODUCES STUDENTS TO ESSENTIAL PERSONAL FINANCE CONCEPTS AS THEY PREPARE FOR ADULTHOOD.THE PROGRAM'S DIGITAL FORMAT ALLOWS TEACHERS TO CONDUCT LESSONS IN-PERSON OR REMOTELY, INCREASING ACCESSIBILITY AND FLEXIBILITY. THROUGH THE JA FPV SIMULATION, STUDENTS ARE ASSIGNED AVATARS WITH REAL-LIFE SCENARIOS. THEY PRACTICE BUDGETING AND MANAGING FINANCES ACROSS LIFE STAGES, INCLUDING RETIREMENT, BUILDING LONG-TERM FINANCIAL CAPABILITY.JACF COLLABORATES WITH SCHOOL DISTRICTS, EDUCATORS, AND BUSINESS PARTNERS TO ENSURE THE EFFECTIVE DELIVERY AND REACH OF THE PROGRAM THROUGHOUT THE REGION.3DE BY JUNIOR ACHIEVEMENT:THE 3DE BY JUNIOR ACHIEVEMENT PROGRAM LAUNCHED IN CENTRAL FLORIDA DURING THE 2019-2020, SCHOOL YEAR, STARTING WITH OAK RIDGE HIGH SCHOOL (ORLANDO) AND OSCEOLA HIGH SCHOOL (KISSIMMEE). THE 3DE MODEL TRANSFORMS HIGH SCHOOL EDUCATION BY INTEGRATING BUSINESS CONCEPTS AND REAL-WORLD CHALLENGES DIRECTLY INTO THE CLASSROOM ACROSS ALL CORE SUBJECTS.KEY EDUCATIONAL BENEFITS:1. ENHANCES RELEVANCE AND ENGAGEMENT BY CONNECTING ACADEMICS TO REAL-WORLD EXPERIENCES.2. DEEPENS UNDERSTANDING THROUGH SUSTAINED BUSINESS ENGAGEMENT.3. ENCOURAGES APPLICATION OF ACADEMIC CONCEPTS TO FOSTER SKILL DEVELOPMENT AND KNOWLEDGE RETENTION.OUTCOMES:IN 2023-2024, THE PROGRAM ENROLLED 954 STUDENTS ACROSS THREE HIGH SCHOOLS: OAK RIDGE, OSCEOLA, AND NEWLY ADDED OCOEE HIGH SCHOOL. STUDENTS PARTNERED WITH 150 BUSINESS PROFESSIONALS, PARTICIPATING IN NEARLY 700 HOURS OF COACHING AND PROBLEM-SOLVING EXERCISES BASED ON REAL BUSINESS CASE STUDIES.LOOKING AHEAD, TWO ADDITIONAL SCHOOLS-EAST RIVER HIGH SCHOOL AND INNOVATION HIGH SCHOOL-WILL LAUNCH 3DE PROGRAMS IN 2024-2025, FURTHER EXPANDING THE MODEL'S FOOTPRINT IN CENTRAL FLORIDA.JA INSPIRE: IS A HYBRID PROGRAM DESIGNED TO PREPARE MIDDLE SCHOOL STUDENTS FOR FUTURE CAREER OPPORTUNITIES THROUGH A COMBINATION OF CLASSROOM INSTRUCTION AND A HANDS-ON CAREER EXPO. THE PROGRAM IS COMPOSED OF THREE INTEGRATED COMPONENTS:1. EIGHT HOURS OF IN-CLASS SESSIONS2. PARTICIPATION IN THE JA INSPIRE CAREER EXPO3. A POST-EVENT CLASSROOM DEBRIEFAT THE EXPO, STUDENTS EXPLORE A WIDE RANGE OF CAREERS THROUGH INTERACTIVE EXHIBITS AND ACTIVITIES THAT REFLECT TOOLS AND TECHNOLOGIES USED IN VARIOUS INDUSTRIES. THIS EXPERIENCE IS CUSTOMIZED TO HIGHLIGHT HIGH-WAGE, HIGH-GROWTH SECTORS RELEVANT TO THE CENTRAL FLORIDA REGION.2023-2024, PROGRAM IMPACT:1. NEARLY 23,000 HOURS OF CLASSROOM AND EXPERIENTIAL INSTRUCTION DELIVERED2. OVER 7,000 8TH-GRADE STUDENTS ENGAGED ACROSS THE REGIONINITIALLY LAUNCHED IN 2018, THE FIRST JA INSPIRE EVENT BROUGHT TOGETHER 3,000 STUDENTS FROM ALL 14 OSCEOLA PUBLIC MIDDLE SCHOOLS. STUDENTS VISITED OSCEOLA HERITAGE PARK, WHERE THEY EXPLORED OVER 47,000 SQUARE FEET OF INTERACTIVE, CAREER-THEMED STATIONS.THE CONTINUED SUCCESS OF JA INSPIRE DEMONSTRATES JACF'S ABILITY TO CONNECT STUDENTS WITH REAL-WORLD CAREER PATHWAYS, HELPING THEM ENVISION THEIR FUTURES AND STRENGTHENING THE REGIONAL WORKFORCE PIPELINE.

    Expenses $70,000 · Grants $70,000

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

Listed in Part VII

  • PAT KNIPE

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • ERNIE WILDING

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • JUAN AMO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • VAN BOGAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • JIM CROSS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • DIANE DIFEBBO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • IXCHELL DUARTE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • JEFF JENNINGS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • FRED KITTINGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • JOHN KLUMPH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • FRAN KOROSEC

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • BILL LOWMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • TIM MYERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • DERRICK VALKENBURG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • KAREN REVELS

    PRESIDENT & CEO

    Total calculated
    $226,964
    From this org
    $0
    From related orgs
    $201,356
    Other
    $25,608
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $162,556 related
    Bonus
    $0 + $34,000 related
    Other
    $0 + $4,800 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $25,608 related
    Filer's total
    $0 + $226,964 related
  • WALTER NASON

    CFO

    Total calculated
    $14,844
    From this org
    $0
    From related orgs
    $13,249
    Other
    $1,595
    Hours/week
    1 + 10 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

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
2023
Filed
7 May 2025
IRS schema version
2023v6.0
Source object
202511279349303121

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