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Nonprofiteer
← JA ALABAMA ECONOMIC CENTER INC

Form 990 for tax year 2024

Filed by JA ALABAMA ECONOMIC CENTER INC.

Totals

Total revenue
$0
Total expenses
$12
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$15,335,869
Total liabilities, end of year
$14,735,881
Net assets or fund balances, end of year
$599,988
Program services expenses (Part IX)
$12
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$12

Program services were 100.0% 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.

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $12 · program services $12

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $9,263,379

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

    $6,072,490

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $6,072,490

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $45,056

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $14,010,453

  • 25 · Other liabilities

    beginning of year $0 · end of year $680,372

  • 27 · Net assets without donor restrictions

    beginning of year $0 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $599,988

Mission and programs · 2024

Mission

THE MISSION OF JA ALABAMA ECONOMIC CENTER IS TO INSPIRE AND PREPARE YOUNG PEOPLE TO SUCCEED IN A GLOBAL ECONOMY. THROUGH A NETWORK OF DEDICATED CLASSROOM MENTORS FROM THE BUSINESS COMMUNITY, JUNIOR ACHIEVEMENT WORKS WITH STUDENTS AND TEACHERS IN GRADES K-12 TO IMPLEMENT CURRICULUM FOCUSING ON SEVEN KEY CONTENT AREAS: BUSINESS, ECONOMICS, ENTREPRENEURSHIP, FINANCIAL LITERACY, WORKPLACE READINESS, CITIZENSHIP, AND ETHICS.

Activities or mission (Part I)

TO OWN THE BUILDING AND PROPERTY IMPROVEMENTS LOCATED AT 2200 5TH AVENUE NORTH BIRMINGHAM, ALABAMA. THE BUILDING IS USED AS AN ECONOMIC EDUCATION CENTER PROVIDING EXPERIENTIAL LEARNING OF FINANCIAL LITERACY, WORK READINESS, AND ENTREPRENEURSHIP TO STUDENTS.

  • TO MAINTAIN THE BUILDING AND PROPERTY IMPROVEMENTS LOCATED AT 2200 5TH AVENUE NORTH BIRMINGHAM, ALABAMA.

    Expenses $12

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David Walker

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Wayne Houston

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Mark McCutcheon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Chip Reed

    VP & SECRETARY

    Total calculated
    $0
    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.

Grants on this return

No itemized grants to organizations 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
2024
Filed
9 March 2026
IRS schema version
2024v5.5
Source object
202600769349301225

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