2026-05-05T08:15:00+00:00 2025-06-30 440160260 Forvis Mazars LLP 111 South Tejon Suite 800 Colorado Springs CO 809039848 990 2024-07-01 136130107 ACHIEVEMENT FOUNDATION INC ACHI 5633430757 1324K Springbrook Lane DeWitt IA 52742 TOM KUSHNER TREASURER 2039122620 2026-05-05 true false X Adam R Smith P00958966 7194714290 2026-05-05 2024 2025-03-06 01:10:19Z X JAMES HEMAK 1324K Springbrook Lane DeWitt IA 52742 2278463 false X WWW.ACHIEVEMENTFOUNDATION.ORG X 1945 IA 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 61197 20708 0 0 71951 674666 0 14 133148 695388 385500 224500 0 26617 22124 0 0 0 54114 50087 466231 296711 -333083 398677 6493443 7023284 352500 281167 6140943 6742117 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 195000 195000 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. 29500 29500 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 2024. 224500 true false false false false false false false 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 true 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 false true true true true true true false false false false NY X X Christy Kunz 5633430757 1324K Springbrook Lane DeWitt IA 52742 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 BLAYNEY 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 22124 0 0 22124 0 0 0 false false false 0 20708 20708 0 0 0 0 0 97920 97920 0 0 2159821 1583075 576746 0 576746 576746 Other income 14 14 0 0 0 0 14 695388 0 0 674680 195000 195000 29500 29500 22124 22124 603 603 24425 24425 12315 12315 0 0 0 0 1909 1909 21 21 3506 3506 2270 2270 4827 4827 DUES AND LICENSES 211 211 0 0 0 0 296711 224500 72211 0 272756 189939 52923 112105 0 0 0 0 16250 0 0 0 0 0 5893212 6445076 258302 276164 0 0 0 6493443 7023284 352500 281167 0 0 0 0 352500 281167 X 5720211 6329989 420732 412128 6140943 6742117 6493443 7023284 X 398677 204135 -1638 X true X false X true false X X 1 JUNIOR ACHIEVEMENT USA INC 841267604 7 true 33333 0 1 33333 0 true false false false false false false false false false false false false false false true true false 18413 84417 0 0 53662 97934 72075 182351 0 0 0 0 0 72075 182351 5119222 5768295 394948 421073 258302 276164 5772472 6465532 0 0 0 5772472 6465532 86587 96983 5685885 6368549 199006 222899 0 0 199006 222899 72075 61264 199006 199006 0 199006 288660 0 0 0 0 0 288660 288660 199006 1.45 199006 0 0 14237 237506 88500 305000 645243 0 199006 0 446237 288660 0 0 288660 0 0 734897 0 52737 88500 310500 98559 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. Schedule A, Part IV, Section D, Line 3 Significant Voice JA USA has a significant voice in the Achievement Foundation's investment policies. JA USA has appointed James Hemak and Tim Greinerrt, President of JA USA, to the Board, and Jack Kosakowski, CEO of JA USA, also serves on the Board. All three Board members-each closely connected to JA USA-have a significant voice in the Achievement Foundation's investment policies and in directing the use of the organization's income or assets throughout the year. Schedule A, Part V, Section D Line 8 Responsiveness and Attentivness Achievement Foundation is responsive to JA USA, as three members of its Board are directly associated with JA USA: James Hemak, appointed to the Achievement Foundation Board by JA USA Tim Greinert, President of JA USA, appointed to the Achievement Foundation Board by JA USA Jack Kosakowski, CEO of JA USA, appointed to the Achievement Foundation Board by JA USA These appointments demonstrate that Achievement Foundation is responsive to its supported organization, JA USA, by having three Board members with significant ties to JA USA. Additionally, Achievement Foundation is attentive to JA USA by supporting various programs within the Junior Achievement system. The Foundation provides grants to area Junior Achievement (JA) organizations in need and offers loans to help sustain their operations. Achievement Foundation also directly supports JA USA through grants to the national organization as well as to specific departments within JA USA. 394266 17862 412128 375465 18801 394266 370300 5165 375465 428550 -58250 370300 378400 50150 428550 0.0 1.0 0.0 true false 0 X 905070 204135 17862 221997 683073 12315 12315 695388 284396 0 0 284396 12315 12315 296711 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 - 17862 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Investment Management fees - 12315 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Investment Management fees - 12315 true Junior Achievement USA 12320 Oracle Blvd Ste 310 Colorado Springs CO 80921 841267604 501(C)(3) 195000 PROGRAM SUPPORT 1 0 FRANCOMANO, SWEENY & ACHIEVEMENT FOUNDATION SCHOLARSHIPS 12 29500 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 contracted with Paul Brady, Executive Director, to provide administrative services to the foundation. Paul Brady served as the Executive Director under this contract. Kathy Bucci was hired in January 2025 to serve a the contracted bookkeeper. 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 990 form is reviewed by the Administrative Contractor, Chairman, and Treasurer before filing with the IRS. Form 990, Part VI, Line 12c Conflict of interest policy There is an annual briefing at a board meeting to review Conflict of Interest policy. Officers, directors, and key employees sign the Conflict of Interest 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 - 17862; Change in Grants Payable - -19500; Total - -1638; Junior Achievement USA 12320 Oracle BLVD Colorado Springs CO 80921 841267604 Charitable CO 501(c)(3) 7 NA false Junior Achievement USA Health & Welfare 12320 ORACLE BLVD STE 310 Colorado Springs CO 80921 841223492 EE Benefits CO 501(c)(9) JA USA false 3DE National LLC 3565 Piedmont Road NE BLDG 1 Atlanata GA 30305 831444494 Education GA 501(c)(3) 7 JA USA false Junior Achievement USA Foundation 12320 Oracle Blvd STE 310 Colorado Springs CO 80921 992646340 Support JA USA CO 501(c)(3) Type I JA USA false false true false false false false false false false false false false false false false false false false false