2025-05-09T16:59:10+00:00 2024-06-30 440160260 Forvis Mazars LLP 111 South Tejon Suite 800 Colorado Springs CO 809039848 990 2023-07-01 136130107 ACHIEVEMENT FOUNDATION INC ACHI 8606130315 9 GOLFVIEW DRIVE WATERTOWN CT 06795 TOM KUSHNER TREASURER 2039122620 2025-05-09 true true Adam R Smith P00958966 7194714290 2025-05-07 2023 2025-03-06 01:10:19Z JAMES HEMAK 9 GOLFVIEW DRIVE WATERTOWN CT 06795 261937 false X WWW.ACHIEVEMENTFOUNDATION.ORG X 1945 CT 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 ITS AFFILIATES AND BENEFICIARIES 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. 14 14 0 14 0 0 49238 61197 0 0 107546 71951 579 0 157363 133148 318000 385500 0 18311 26617 0 0 62756 54114 399067 466231 -241704 -333083 5684881 6493443 275957 352500 5408924 6140943 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 ITS AFFILIATES AND BENEFICIARIES 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 363500 363500 0 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. 22000 22000 0 THE FOUNDATION MAKES SCHOLARSHIP PROGRAM AVAILABLE TO GRADUATES OF JUNIOR ACHIEVEMENT HIGH SCHOOL PROGRAMS. 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 ACHIEVEMENT AREAS 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 2023. 385500 true true false false false false true false true false false false false false 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 true 0 false false false false false false false false false false false false X 14 14 false true true 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 067951649 JIM HEMAK BOARD CHAIR 1.0 0.0 X X 0 0 0 R CHADWICK PAUL JR SECRETARY 1.0 0.0 X X 0 0 0 TOM KUSHNER TREASURER 1.0 0.0 X X 0 0 0 CATHY FRANCOMANO BOARD MEMBER 1.0 0.0 X 0 0 0 CHRIS WHITE BOARD MEMBER 1.0 0.0 X 0 0 0 DONNA STONE BUCHANAN BOARD MEMBER 1.0 0.0 X 0 0 0 GINA BLANEY BOARD MEMBER 1.0 0.0 X 0 0 0 JACK KOSAKOWSKI BOARD MEMBER 1.0 0.0 X 0 0 0 JOHN CAREY BOARD MEMBER 1.0 0.0 X 0 0 0 KURT SNYDER Board Member 1.0 0.0 X 0 0 0 MIKE HANNIGAN JR BOARD MEMBER 1.0 0.0 X 0 0 0 NORMAN FLEMING BOARD MEMBER 1.0 0.0 X 0 0 0 SANDRA BEACH LIN BOARD MEMBER 1.0 0.0 X 0 0 0 TIM GREINERT BOARD MEMBER 1.0 0.0 X 0 0 0 PAUL BRADY EXECUTIVE DIRECTOR 1.0 0.0 X 17013 0 0 17013 0 0 0 false false false 0 61197 61197 0 0 0 0 0 53662 53662 0 0 147078 128789 18289 0 18289 18289 0 0 0 0 0 133148 0 0 71951 363500 363500 22000 22000 26617 26617 36775 36775 0 0 0 0 2355 2355 555 555 9047 9047 4990 4990 DUES AND LICENSES 392 392 0 0 0 0 466231 385500 80731 0 109291 272756 484798 52923 0 0 0 0 396747 16250 0 0 0 0 4318580 5893212 375465 258302 0 0 0 5684881 6493443 275957 352500 0 0 0 0 275957 352500 X 4972493 5720211 436431 420732 5408924 6140943 5684881 6493443 X -333083 1046301 18801 X true X false true false X X 1 JUNIOR ACHIEVEMENT USA INC 841267604 7 true 52500 0 1 52500 0 true false false false false false false false false false false false false false false true true false 8725 18289 0 0 99400 53662 108125 71951 0 0 0 0 0 108125 71951 4024388 5119222 620428 394948 0 0 4644816 5514170 0 0 0 4644816 5514170 69672 82713 4575144 5431457 160130 190101 0 0 160130 190101 108125 91906 160130 160130 0 160130 385500 0 0 0 0 0 385500 0 160130 0 160130 0 0 268390 47211 237506 355517 908624 0 160130 0 748494 385500 0 0 385500 0 0 1133994 108260 47211 237506 355517 385500 Schedule A, Part IV, Section A, Line 1 SUPPORTING ORGANIZATIONS 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 375465 18801 394266 370300 5165 375465 428550 -58250 370300 378400 50150 428550 385758 -7358 378400 0.0 1.0 0.0 true false 0 X 1198250 1046301 18801 1065102 133148 0 0 133148 466231 0 0 466231 0 0 466231 Schedule D, Part V, Line 4 Intended uses of endowment funds 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 FIN 48 (ASC 740) footnote 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, 2024, 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 2(d) Other revenues in audited financial statements not in form 990 CHANGE IN VALUE OF TRUST - 18801 true 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 Ft Worth TX 761165706 750944915 501(c)(3) 25000 Program Support Junior Achievement of Western Massachusettes Inc 1500 Main Street Ste 217 Springfield MA 01103 042088304 501(c)(3) 25000 Program Support Junior Achievement of Western Connecticut Inc 835 Main St Bridgeport CT 06604 060644315 501(c)(3) 25000 Program Support Junior Achievement of Michigan Great Lakes Inc 4090 Lake Dr SE Grand Rapids MI 49546 381557861 501(c)(3) 25000 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 Kentuckyana Inc 1401 W Muhammed Ali Blvd Louisville KY 40203 610476694 501(c)(3) 25000 Program Support Junior Achievement of Central Maryland Inc 1725 Twin Springs Rd Baltimore MD 21227 520688275 501(c)(3) 35000 Program Support Junior Achievement of San Diego County Inc 4756 Mission Gorge Pl San Diego CA 92120 951727087 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 Alaska Inc 639 W International Airport Rd Ste 38 Anchorage AK 99518 920045091 501(c)(3) 8000 Program Support Junior Achievement of North Inc 1745 University Ave W St Paul MN 55104 411424988 501(c)(3) 25000 Program Support JUNIOR ACHIEVEMENT USA 12320 ORACLE BLVD STE 310 COLORADO SPRINGS CO 80921 841267604 501(C)(3) 52500 PROGRAM SUPPORT 13 0 FRANCOMANO, SWEENY & ACHIEVEMENT FOUNDATION SCHOLARSHIPS 13 22000 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. GRANT RECIPIENTS ARE REQUIRED TO FILE SEMIANNUAL REPORTS AND A FINAL ANNUAL REPORT. SCHOLARSHIP RECIPIENTS ARE REQUIRED TO FILE SEMESTER TRANSCRIPTS. Form 990, Part VI, Line 3 Delegation of management duties 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, Line 4 Significant changes to organizational documents THE ARTICLES WERE UPDATED DURING THE TAX YEAR TO CLARIFY THAT ITS FUNDS ARE LIMITED TO GRANTS TO SUPPORT JUNIOR ACHIEVEMENT USA, ITS AFFILIATES AND BENEFICIARIES, AND ONE OR MORE GROUPS ORGANIZED AND OPERATED EXCLUSIVELY FOR THESE PURPOSES. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 IS REVIEWED BY EXECUTIVE DIRECTOR, CHAIRMAN AND TREASURER BEFORE FILING TO THE IRS. Form 990, Part VI, Line 12c Conflict of interest 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, Line 19 Required 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 or fund balances CHANGE IN VALUE OF TRUST - 18801;