2023-11-09T16:58:46-07:00 2023-06-30 990 2022-07-01 860184349 JUNIOR ACHIEVEMENT OF ARIZONA JUNI 4803778500 636 West Southern Avenue Tempe AZ 852824508 Katherine K Cecala President 6022918483 2023-11-09 1 1 11 1 AAL2 X 2022 2023-04-26 12:10:37Z Katherine K Cecala 636 W Southern Ave Tempe AZ 85282 9284598 0 1116 X www.jaaz.org X 1963 AZ To prepare Arizona youth to succeed in work and life by giving them the skills to think critically, manage their money, thrive in their careers, and pursue entrepreneurship. 9 9 36 7445 0 0 7030440 6687043 310521 319435 79764 174779 -187244 -272755 7233481 6908502 11400 12275 0 0 2606147 3382753 0 0 1148190 1498494 1759368 4116041 5154396 3117440 1754106 8907412 10715236 796887 785594 8110525 9929642 X Junior Achievement of Arizona (JAAZ) equipped 170,002 students, Kindergarten through Young Adults, this year with the knowledge and skills needed to succeed in work and life. Through our 7,117 programmatic volunteers, JAAZ's critical programs help kids see their potential and gives them the skills and knowledge they need to step into that potential. Students are prepared to think critically, manage their money, thrive in their careers, and ultimately pursue the future they deserve. 0 0 1158656 12275 0 K-12 In-Class programs: Through JA's proven in-classroom programs, JAAZ empowered 78,938 students, K-12, in 145 schools to own their future success. Our hands-on, age-appropriate programs were delivered by 2,994 unique corporate and community volunteer mentors. Volunteers donated $2,441,682 in time to deliver our in-classroom programs. This volunteer donation is not reflected in the expenses of Part IX but is noted here to reflect the efficiencies gained through our volunteer delivery model. Including the value of all program volunteers in our expenses increases our program expense ratio to 82% reflecting the efficiency gained by leveraging the expertise of these volunteers. Our traditional in-classroom programs give students important knowledge and skills around financial literacy, work readiness, entrepreneurship and preparing them to think critically. Our survey shows that 95% of educators would recommend the programs to fellow educators. Furthermore, elementary school students who receive Junior Achievement programs demonstrate significantly higher (27% higher) critical thinking and problem-solving skills than their counterparts. 1286777 0 262280 JA BizTown program: JAAZ's JA BizTown is an experiential program that requires 4-6th grade students to participate in 14-20 hours of classroom instruction where they work together to create business plans, calculate operating costs, design a marketing campaign, apply for jobs, vote for city officials, and explore careers. Upon completion of the program, students who participate in JA BizTown experience an overall 23% percent knowledge gain (on average) in financial literacy and work readiness skills. Of the educators whose students participated in JA BizTown, 97% indicate that they would recommend the JA BizTown program to fellow teachers. This year, 18,629 students from 163 schools participated in the JA BizTown program. JAAZ partnered with 473 business, and 3,277 parent and teacher volunteers who delivered the JA BizTown program, donating $1,159,398 in their time. Including the value of all program volunteers in our expenses increases our program expense ratio to 82% reflecting the efficiency gained by leveraging the expertise of these volunteers. 859033 0 21500 4c. JA Inspire is JAAZ's premier career exploration and readiness program that allows students, 5th grade through post-secondary, to explore careers of the future. This year, 68,820 students from 338 schools and community partners participated in the innovative program. JA Inspire is a dynamic experience where learners participate in guided or self-led career readiness and exploration curriculum, a career inventory, badging experience and engage with Arizona employers across all industries/career clusters through nine virtual career exhibit halls. The activities teach students to develop a career plan, interviewing techniques, important soft skills, and more. These lessons can be implemented in a variety of ways to better fit the needs of educators and students, aligning to many of the major education competency standards and career readiness credentials. This program provides valuable context for career and educational pathway planning and critical work readiness skills. Student survey results showed 89% found a career that matches their skills and interests, 72% learned about a new career pathway or more about one they were interested in, 62% would recommend JA Inspire to a friend: and students demonstrated a 39% knowledge gain post-participation. 249702 0 35655 A Finance Park program: Our second experiential program for students is JA Finance Park, which requires middle and high school students to participate in 14-20 hours of classroom instruction where they learn important personal money management skills. They then apply those newly acquired skills in a virtual simulation where they are given a fictional life scenario and are required to create and maintain a balanced personal budget. This year, 3,615 students from 37 schools received the JA Finance Park curriculum and were empowered to manage their money and navigate financial complexities in their future. Upon completion of the program, JA Finance Park students showed a 37% percent financial literacy knowledge gain. JAAZ partnered with 373 business, parent and teacher volunteers who delivered the JA Finance Park program, donating $103,430 of their time and mileage. Including the value of all program volunteers in our expenses increases our program expense ratio to 82% reflecting the efficiency gained by leveraging the expertise of these volunteers. 249702 0 35655 3554168 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 10 0 1 36 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 X X Amy Schaefer 4803778500 636 West Southern Avenue Tempe AZ 852824508 Katherine K Cecala President 60 0.25 X X 339760 0 29074 Sam Alpert Chief Development Officer 45 0 X 192943 0 19763 Elizabeth Clements VP People & Technology 50 0 X 149582 0 17042 Anne Landers Chief Operating Officer 55 0 X 145573 0 16348 Joss Francheterre SR VP Major Gifts 45 0 X 143394 0 18204 Amy Schaefer VP Finance 42 2 X X 112335 0 14864 Colleen Cox Sr. VP. Education 50 0 X 111957 0 14778 Frank Marino Member 1 0.5 X 0 0 0 Karen Quick Member 4 0 X 0 0 0 Brad Harper Vice Chair 1 0 X 0 0 0 Charlie Smith Vice Chair 2 0 X 0 0 0 Arturo Perez Chair 5 0 X 0 0 0 Cary Smith Treasurer/Secretary 2 0 X 0 0 0 Gayle Petrillo Member 0.5 0 X 0 0 0 Patricia Watterkotte Member 1 0 X 0 0 0 Pete Rathwell Member 1 1 X 0 0 0 1195544 0 130073 7 0 1 0 0 58254 0 1031681 44276 2164458 3388374 257354 6687043 319435 319435 0 0 319435 127946 0 0 127946 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1990676 0 1943843 0 46833 0 46833 0 0 46833 144405 1031681 427737 -283332 0 -283332 11977 4516 7461 0 0 7461 0 0 0 0 0 0 Life Insurance Cash Surrender Value 900099 1388 0 0 1388 Snack Reimbursements 900099 1299 0 0 1299 Rebate - storage pod 900099 230 230 0 0 199 0 0 199 3116 6908502 319665 0 -98206 X 750 750 11525 11525 0 0 0 0 1406159 795031 208604 402524 0 0 0 0 1576818 1125469 104443 346906 50583 28480 5216 16887 155662 112324 8285 35053 193531 127687 18100 47744 0 0 0 0 0 0 0 0 17335 0 17335 0 0 0 0 0 0 0 11589 0 11589 0 193672 164670 4936 24066 0 0 0 0 189704 129693 23057 36954 53564 39443 4020 10101 0 0 0 0 55454 50985 1785 2684 39856 28723 3568 7565 0 0 0 0 37484 14672 1680 21132 14334 7814 2065 4455 163826 163826 0 0 167611 147104 12417 8090 45587 41033 1753 2801 Program Materials 273535 273535 0 0 Marketing 160655 67807 10835 82013 Non-cash contributions 149557 145410 1346 2801 Uncollectible pledges 59950 0 0 59950 125655 78187 11004 36464 5154396 3554168 452038 1148190 2029767 837892 34173 101435 2121946 2857389 16004 18132 0 0 0 0 0 0 3000 6850 94108 95216 4794349 2510143 2218156 2284206 2354704 4477174 0 0 0 0 0 0 35554 36942 8907412 10715236 442991 418325 0 0 13205 10345 0 0 0 0 0 0 19745 45978 17500 7500 303446 303446 796887 785594 X 6312121 8034780 1798404 1894862 8110525 9929642 8907412 10715236 1754106 65011 0 0 0 0 X 0 1 X 1 1 1 X 4133171 3695318 4325937 7030440 6687042 25871908 0 0 0 0 0 0 0 0 0 0 0 0 4133171 3695318 4325937 7030440 6687042 25871908 0 25871908 11313 32674 27160 76438 127946 275531 0 0 0 0 0 0 14189 7659 9109 11518 53051 95526 26242965 578885 0.98586 0.98826 X Schedule A, Part II, Line 10 Other income for 2022 consists of Life Insurance Cash Surrender Value $1,388, Snack Reimbursements $1,299, Rebates of $429, and Net Gaming $7,461. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1095309 167 108832 6024 43788 11804 1142692 1349126 0 -203171 5480 27025 18141 1095309 1046468 0 362060 5347 37103 16952 1349126 1084501 0 11644 5000 28217 16460 1046468 1103227 0 52053 11445 60151 5628 1078056 0.56819 0.29979 0.13202 0 1 1 0 457700 457700 0 3364827 1756830 1607997 0 424337 416348 7989 0 355875 178665 177210 0 191610 158300 33310 2284206 0 Loan from Foundation for JA of Arizona 303446 303446 X 7281904 65011 14400 0 293991 373402 6908502 0 0 0 6908502 5408278 14400 0 0 239482 253882 5154396 0 0 0 5154396 Schedule D, Part V, Line 4 The Endowment Funds are to be used to support the programs of Junior Achievement of Arizona. Schedule D, Part X, Line 2 The Organization is exempt from federal and state income taxes under Section 501(c)(3) of the Internal Revenue Code and Section 43-1201(4) of the Arizona Revised Statutes. However, the Organization remains subject to income taxes on any net income that is derived from a trade or business, regularly carried on and not in furtherance of the purpose for which it was granted exemption. The Organization utilizes the provisions of FASC 740-10, which prescribes a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Based on the Organization's evaluation of the June 30, 2020 through 2022 income tax returns and positions expected to be taken in the June 30, 2023 income tax returns, the Organization did not engage in activities or take uncertain tax positions that would jeopardize its tax-exempt status, or generate unrelated business income, which would be subject to taxation. In the event the Organization is assessed interest or penalties by major tax jurisdictions, it will be included in the provision for income taxes in the consolidated financial statements. Schedule D, Part XI, Line 2d Other consists of $64,722 Revenues of combined related organizations, net of eliminations; $427,737 Special Events Expense; ($58,587) Gift-in-kind inventory used in Special Events; $4,516 Gaming Expenses; ($144,405) Direct Costs of Benefits to Donors and $8 Accumulated Rounding netted against revenues in the audited financial statements. Schedule D, Part XII, Line 2d Other consists of $10,214 Expenses of combined related organizations, net of eliminations; $427,737 Special Events Expense; ($58,587) Gift-in-kind inventory used in Special Events; $4,516 Gaming Expenses; ($144,405) Direct Costs of Benefits to Donors and $8 Accumulate Rounding netted against revenues in the audited financial statements. JAO Golf Tournament 613203 512951 100252 0 99574 59770 17766 0 62977 Stock Market Challenge 211617 196417 15200 0 424 6144 9361 0 50871 4 351266 322313 28953 1252 2365 13160 8156 2600 93317 1176086 1031681 144405 1252 102363 79074 35283 2600 207165 427737 -283332 1 The amount of stipends paid to individuals on Schedule I, Part III, Line 1 represents only cash payments to teachers, while the grants expense listed on Form 990, Part III, Line 4a includes payments to schools as well as accrued expenses for stipends not yet paid at the end of the fiscal year. 26 11525 0 Cash Stipends are not paid until program completion is verified. Teachers, who coordinate the delivery of Junior Achievement programs at their campuses, report See Schedule I, Part IV, Statement 1 program status on a bi-weekly basis. This report shows which volunteers have been recruited, trained, started the Junior Achievement program and/or completed the program. All paperwork is cross referenced with that of the volunteers. Once program completion is verified, the stipend is then paid. Schedule I, Part I, Line 2 Stipends are not paid until program completion is verified. Teachers, who coordinate the delivery of Junior Achievement programs at their campuses, report program status on a bi-weekly basis. This report shows which volunteers have been recruited, trained, started the Junior Achievement program and/or completed the program. All paperwork is cross referenced with that of the volunteers. Once program completion is verified, the stipend is then paid. X X X 0 0 0 0 0 0 0 0 0 Katherine K Cecala President 339760 0 0 0 0 0 0 0 29074 0 368834 0 0 0 Sam Alpert Chief Development Officer 192943 0 0 0 0 0 0 0 19763 0 212706 0 0 0 Elizabeth Clements VP People & Technology 149582 0 0 0 0 0 0 0 9490 0 159072 0 0 0 Anne Landers Chief Operating Officer 145573 0 0 0 0 0 0 0 16348 0 161921 0 0 0 Joss Francheterre SR VP Major Gifts 143394 0 0 0 0 0 0 0 18204 0 161598 0 0 0 X Fundraising Items 246 113867 Fair value of items X Program Materials 140260 13 Fair value of items X Administrative 9 3227 Fair value of items 0 0 1 1 Schedule M, Part I, Line 32b The organization solicits non-cash contributions through the volunteer members of its special events committees. Some of these committee members may also be members of the governing board or a district board. Items solicited are primarily used for fundraising auctions at special events. Form 990, Part I, Line 6 The total number of volunteers listed in Part I, Line 6 of 7,445, includes volunteers who helped with our special event fundraisers (234), performed general administrative tasks (94), and program delivery (7,117). These 7,445 volunteers donated 111,633 hours of their time. The total value of the their time and mileage, based on the Independent Sector Volunteer rate specific to Arizona and applied to the estimated number of hours donated; and the federal mileage rate applied to the estimated number of miles driven, is $3,874,234. Form 990, Part III, Line 4e Volunteers are an integral part of JAAZ's success, as they enable JAAZ to leverage every dollar contributed to serve more students. Our volunteer mentors, in preparing for and delivering Junior Achievement programs, donated approximately $3,704,510 of their time (based on the Independent Sector Volunteer rate specific to Arizona and applied to the estimated number of hours required for each program). This gift of time is not reflected in the expenses of Part IX but is worthy of note as it reflects the efficiencies gained through our volunteer program-delivery model. Taking into account the value of volunteer donated time and miles, our program expenses ratio would increase to 82%, which is a more accurate representation of the efficiency with which we deliver our programs. Form 990, Part VI, Section B, Line 11b Once a draft of the Form 990 is completed, it is reviewed by the VP of Finance of the organization. It is then sent to the organization's Finance and Audit Committee and President. The Committee, President, and VP of Finance meet to discuss and review. Upon agreement of this group, the Form 990 is sent to the State Board of Directors prior to submission to the IRS. Form 990, Part VI, Section B, Line 12c The entire JAAZ staff and governing board are annually given a copy of the conflict of interest policy to review and sign. Conflicts, should there be any, are addressed on a case by case basis. If a conflict arises, the individual involved must provide a solution as to how the conflict will be resolved. Compliance issues regarding employees are referred to the President. Compliance issues regarding the President are referred to the Board Chair. Compliance issues regarding board members are referred to the President and the Board Chair. Compliance issues regarding the Board Chair or any unresolved issues are referred to Junior Achievement USA Vice President of Employment and Employee Relations or his/her designee. Form 990, Part VI, Section B, Line 15 The State Board of Directors has a compensation sub-committee that reviews the President's compensation. Junior Achievement USA provides guidance in the form of salary survey compilations that are adjusted for geographic location, size of chapter, and experience of staff. The position is reviewed for appropriateness within the salary range. This process was last completed in October 2023. Adjustments are made based on merit, cost of living and available resources of the organization. Form 990, Part VI, Section C, Line 19 JAAZ makes its combined audited financial statements, annual report and the Form 990 available on the Organization's web site, as well as making them available to the public upon request. The organization does not normally make its governing documents and conflict of interest policy available to the public. Form 990, Part IX, Line 25 The gift of volunteer time is not reflected in the expenses of Part IX. In addition to the Programmatic Volunteers time and mileage of $3,704,510 noted on Part III, Lines 4a 4b and 4e; we had 328 Special Events and Administrative volunteers donate 4,547 hours of their time. The value of the their time and mileage, based on the Independent Sector Volunteer rate specific to Arizona and applied to the estimated number of hours donated; and the federal mileage rate applied to the estimated number of miles driven, is $169,723. Foundation for Junior Achievement of Arizona Inc 636 W Southern Ave Tempe AZ 85282 942823694 Administration of funds to benefit JAAZ Programs AZ 501(C)3 11A N/A 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 1 0 0 Foundation for Junior Achievement of Arizona Inc c 36600 Amount based on cash receipts. Foundation for Junior Achievement of Arizona Inc e 303446 Balance of existing loan at year end and verified with Foundation for Junior Achievement of Arizona, Inc. See Part VII Supplemental Information for loan details. Foundation for Junior Achievement of Arizona Inc n 0 Junior Achievement of Arizona provides a conference room for the board of trustees meetings. No value is assigned as amounts are not significant. Foundation for Junior Achievement of Arizona Inc o 7616 The Foundation for Junior Achievement of Arizona, Inc. has no employees. All accounting and miscellaneous services are provided by employees of Junior Achievement of Arizona. Value is based on employee hourly rates of salary and benefits for the time spent on Foundation for Junior Achievement of Arizona activities. Foundation for Junior Achievement of Arizona Inc q 51 Filing Fee of Arizona Corporation Commission annual report and filing fee for the Form 990 and fee for an electronic Form 990 questionnaire is paid by Junior Achievement of Arizona, and then reimbursed by The Foundation for Junior Achievement of Arizona. Estimated incremental value of audit fees and general administrative fees paid for by Junior Achievement of Arizona are reimbursed.