2024-05-06T12:30:30-05:00 2023-06-30 FORVIS LLP 111 South Tejon Suite 800 Colorado Springs CO 809039848 990 2022-07-01 136130107 ACHIEVEMENT FOUNDATION INC % PAUL BRADY ACHI 8606130315 9 GOLFVIEW DRIVE WATERTOWN CT 06795 Tom Kushner TREASURER 8606130315 2024-05-15 true Tom Kushner 999009999 Adam R Smith CPA P00958966 7194714290 2024-05-01 2022 2023-04-26 12:10:37Z JAMES HEMAK 9 GOLFVIEW DRIVE WATERTOWN CT 06795 442043 false X WWW.ACHIEVEMENTFOUNDATION.ORG X 1945 CT SEE SCHEDULE O. 14 14 0 14 0 0 18496 49238 0 0 432316 107546 0 579 450812 157363 202592 318000 0 0 0 18311 0 0 0 85715 62756 288307 399067 162505 -241704 5204649 5684881 38495 275957 5166154 5408924 X THE ACHIEVEMENT FOUNDATION, BY USING ITS FINANCIAL RESOURCES, DEDICATES ITSELF TO DEVELOPING A BETTER UNDERSTANDING OF THE FREE ENTERPRISE SYSTEM BY YOUNG PEOPLE. THE ACHIEVEMENT FOUNDATION MAKES GRANTS TO JUNIOR ACHIEVEMENT USA AND OTHER NONPROFIT ORGANIZATIONS IN SUPPORT OF THE FOUNDATION'S MISSION, MAKES LOANS TO JUNIOR ACHIEVEMENT AREAS IN FINANCIAL NEED, AND MAKES SCHOLARSHIPS TO STUDENTS WHO HAVE COMPLETED JUNIOR ACHIEVEMENT PROGRAMS. false false 292000 292000 THE FOUNDATION MAKES GRANTS TO NONPROFIT ORGANIZATIONS WHICH DEVELOP A BETTER UNDERSTANDING OF THE FREE ENTERPRISE SYSTEM IN YOUNG PEOPLE. THE FOUNDATION AWARDS GRANTS TO JUNIOR ACHIEVEMENT USA AND JUNIOR ACHIEVEMENT AREAS FOR NEW AND INNOVATIVE PROGRAMS AND PROGRAMS SERVING URBAN OR OTHER POORER POPULATIONS. 0 0 0 THE FOUNDATION MAKES LOANS TO SPECIFIC JUNIOR ACHIEVEMENT PROGRAMS IN FINANCIAL NEED. THESE LOANS ARE REPAID AT NO INTEREST IF THE LOANS ARE REPAID ACCORDING TO THE AGREED UPON SCHEDULE. DURING 2020 THE COVID-19 PANDEMIC CAUSED MANY JUNIOR ACHIEVEMENTAREAS TO EXPERIENCE FINANCIAL STRESS. AS A RESULT OF THIS, THE ACHIEVEMENT FOUNDATION MADE 32 LOANS TO THOSE AREAS TOTALING $1,680,315. $1,335,315 OF THE LOANS WERE FUNDED IN 2020 WITH THE REMAINING $345,000 FUNDED IN 2021. THERE WERE NO NEW LOANS MADE IN 2022. 26000 26000 0 THE FOUNDATION MAKES SCHOLARSHIP PROGRAM AVAILABLE TO GRADUATES OF JUNIOR ACHIEVEMENT HIGH SCHOOL PROGRAMS. 318000 true true false false false false false true false true false true false false true true true false false false false false false false false false false true true false false false false false false false false false false false false false false false false false false true 1 0 0 false false false false false false false false false false false false X 14 14 false true false false false false false true true false false true true true true true true false false false NY X X PAUL BRADY 8606130315 9 GOLFVIEW DRIVE WATERTOWN CT 06795 PAUL BRADY EXECUTIVE DIRECTOR 1.0 0.0 X 7837 0 0 KURT SNYDER CHAIRMAN 1.0 0.0 X X 0 0 0 JIM HEMAK TREASURER 1.0 0.0 X X 0 0 0 R CHADWICK PAUL JR SECRETARY 1.0 0.0 X X 0 0 0 MIKE HANNIGAN JR BOARD MEMBER 1.0 0.0 X 0 0 0 CHRIS WHITE BOARD MEMBER 1.0 0.0 X 0 0 0 NORMAN FLEMING BOARD MEMBER 1.0 0.0 X 0 0 0 JACK KOSAKOWSKI BOARD MEMBER 1.0 0.0 X 0 0 0 SANDRA BEACH LIN BOARD MEMBER 1.0 0.0 X 0 0 0 JOHN CAREY BOARD MEMBER 1.0 0.0 X 0 0 0 DENNIS HOULIHAN BOARD MEMBER 1.0 0.0 X 0 0 0 DONNA STONE BUCHANAN BOARD MEMBER 1.0 0.0 X 0 0 0 TOM KUSHNER BOARD MEMBER 1.0 0.0 X 0 0 0 GINA BLANEY BOARD MEMBER 1.0 0.0 X 0 0 0 CATHY FRANCOMANO BOARD MEMBER 1.0 0.0 X 0 0 0 7837 0 0 0 false false false 0 49238 49238 0 98821 98821 0 0 0 0 0 293405 284680 8725 8725 8725 0 0 0 0 0 0 0 0 0 MISCELLANEOUS INCOME 900099 579 579 579 157363 108125 292000 292000 26000 26000 0 0 18311 18311 0 0 0 0 0 0 0 15939 15939 0 0 28086 28086 0 0 3454 3454 40 40 0 0 9768 9768 0 0 0 0 0 5088 5088 Dues/Licenses 381 381 399067 318000 81067 0 176706 109291 325958 484798 0 0 0 0 0 0 0 0 878101 396747 0 0 0 0 0 0 3453584 4318580 370300 375465 0 0 0 0 0 0 5204649 5684881 0 0 38495 275957 0 0 0 0 0 0 0 0 0 0 0 0 0 0 38495 275957 X 4708888 4972493 457266 436431 5166154 5408924 5204649 5684881 X -241704 479309 5165 X true X false true false X X 1 JUNIOR ACHIEVEMENT USA INC 841267604 7 true 52500 0 1 52500 0 0.00000 true false false false false false false false false false false false false false false true true false 0 23606 0 0 54633 75794 54633 99400 0 0 0 0 0 0 54633 99400 4027967 4024388 470155 620428 0 4498122 4644816 0 0 4498122 4644816 67472 69672 4430650 4575144 155073 160130 0 155073 160130 54633 46438 155073 155073 0 155073 318000 0 0 0 0 0 318000 0 155073 0.0 155073 0 0 89345 320279 47211 237506 694341 0 155073 0 539268 318000 0 0 318000 0 0 857268 0 268390 47211 237506 355517 PART IV, SECTION A, LINE 1 THE FUNDS OF THE FOUNDATION SHALL BE EXPENDED IN THE INTERESTS OF JUNIOR ACHIEVEMENT USA, INC., EITHER DIRECTLY THROUGH THAT AGENCY OR ITS DIVISIONS, OR IN THE DEVELOPMENT OF PLANS AND PROCEDURES BY OTHER AGENCIES IN THE PROMULGATION AND ADAPTATION OF PROGRAMS FOR ITS OPERATIONS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X HONORING FOUNDING BOARD MEMBER false 370300 5165 5165 370300 428550 -58250 370300 378400 50150 428550 385758 -7358 378400 393034 -7276 385758 1.00000 true false THIRD PARTY 375465 F 375465 0 0 X 604320 479309 5165 484474 119846 37517 37517 157363 361550 361550 37517 37517 399067 SCHEDULE D, PART V, LINE 4 THE FUNDS ARE USED FOR THE EXPANSION OF THE WORK OF JUNIOR ACHIEVEMENT USA, INC TO NEW AREAS OR FOR STUDIES IN THE IMPROVEMENT OF THE PROGRAM. THEY ARE ALSO USED FOR SPECIAL TRAINING AND RECRUITING FILMS. SCHEDULE D, PART X, LINE 2 THE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AS SUCH, THE FOUNDATION IS EXEMPT FROM STATE AND FEDERAL INCOME TAXES ON INCOME RELATED TO ITS TAX EXEMPT PURPOSE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN AND HAS CONCLUDED THAT AS OF JUNE 30, 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. SCHEDULE D, PART XI, LINE 2D INCOME ON BOOKS, NOT ON RETURN: 5,165 Change in value of trust true Junior Achievement of Central Maryland 1725 TWIN SPRING RD BALTIMORE MD 21227 520688275 501(C)3 35000 PROGRAM SUPPORT Junior Achievement USA 12320 ORACLE BLVD STE 310 COLORADO SPRINGS CO 80921 841267604 501(C)3 52500 PROGRAM SUPPORT Junior Achievement of North Central Ohio Inc 4353 Executive Cir NW Canton OH 44718 340940986 501(C)3 25000 PROGRAM SUPPORT Junior Achievement of the Michigan Great Lakes In 4090 Lake Dr SE Grand Rapids MI 49546 381557861 501(C)3 25000 PROGRAM SUPPORT Junior Achievement of Western Massachusetts Inc 1500 Main Street Suite 217 PO Box Springfield MA 01115 042088304 501(C)3 25000 PROGRAM SUPPORT Junior Achievement of Delaware Inc 522 S Walnut St Wilmington DE 19801 510078199 501(C)3 25000 PROGRAM SUPPORT Junior Achievement of the Chisholm Trail Inc 6300 Ridglea Pl Ste 400 Fort Worth TX 76116 750944915 501(C)3 25000 PROGRAM SUPPORT Junior Achievement of East Tennessee Inc 2135 N Charles G Seivers Blvd Clinton TN 37716 620810145 501(C)3 25000 PROGRAM SUPPORT Junior Achievement of San Diego County Inc 4756 Mission Gorge Place San Diego CA 92120 951727087 501(C)3 25000 PROGRAM SUPPORT Junior Achievement of Kentuckiana Inc 1401 W Muhammed Ali Blvd Louisville KY 40203 610476694 501(C)3 25000 PROGRAM SUPPORT 10 FRANCOMANO, SWEENY AND ACHIEVEMENT FOUNDATION SCHO 13 26000 SCHEDULE I, PART I, LINE 2 GRANT RECIPIENTS ARE REQUIRED TO FILE QUARTERLY REPORTS AND A FINAL ANNUAL REPORT. SCHOLARSHIP RECIPIENTS ARE REQUIRED TO FILE SEMESTER TRANSCRIPTS. FORM 990, PART I, LINE 1 THE ACHIEVEMENT FOUNDATION, BY USING ITS FINANCIAL RESOURCES, DEDICATES ITSELF TO DEVELOPING A BETTER UNDERSTANDING OF THE FREE ENTERPRISE SYSTEM BY YOUNG PEOPLE. THE ACHIEVEMENT FOUNDATION MAKES GRANTS TO JUNIOR ACHIEVEMENT USA AND OTHER NONPROFIT ORGANIZATIONS IN SUPPORT OF THE FOUNDATION'S MISSION, MAKES LOANS TO JUNIOR ACHIEVEMENT AREAS IN FINANCIAL NEED, AND MAKES SCHOLARSHIPS TO STUDENTS WHO HAVE COMPLETED JUNIOR ACHIEVEMENT PROGRAMS. FORM 990, PART VI, SECTION A, LINE 3 DELEGATION OF CONTROL: ACHIEVEMENT FOUNDATION CONTRACTS WITH PAUL BRADY TO PROVIDE ADMINISTRATIVE SERVICES TO THE FOUNDATION. PAUL BRADY SERVES AS EXECUTIVE DIRECTOR OF THE FOUNDATION UNDER THIS CONTRACT. FORM 990, PART VI, SECTION B, LINE 11B review of form 990: THE FORM 990 IS REVIEWED BY EXECUTIVE DIRECTOR, CHAIRMAN AND TREASURER BEFORE FILING TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C monitoring compliance with policy: THERE IS AN ANNUAL BRIEFING AT BOARD MEETINGS TO REVIEW POLICY. OFFICERS, DIRECTORS, AND KEY EMPLOYEES SIGN STATEMENT ON POLICY. FORM 990, PART VI, SECTION C, LINE 19 documents available to the public: UPON WRITTEN, IN PERSON OR E-MAIL REQUEST, THE ORGANIZATION WILL MAKE COPIES OF TAX RETURNS, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE AT THE ORGANIZATION'S OFFICE. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS: 5,165 Change in value of trust