2025-01-21T14:33:22-06:00 2024-06-30 363168081 SIKICH LLC 1415 W DIEHL RD SUITE 400 NAPERVILLE IL 605632349 990 2023-07-01 362170141 JUNIOR ACHIEVEMENT OF CHICAGO JUNI 3127151300 651 W WASHINGTON BLVD STE 404 CHICAGO IL 606612123 THOMAS STAAB PRESIDENT & CEO 3127151300 2025-01-21 1 0 JILL M BOYLE CPA P01246734 6305668400 2025-01-21 2023 2024-10-15 13:58:12Z THOMAS STAAB 651 W WASHINGTON BLVD STE 404 CHICAGO IL 606612123 8728632 0 1116 X WWW.JACHICAGO.ORG X 1940 IL TO INSPIRE AND PREPARE YOUNG PEOPLE TO SUCCEED IN A GLOBAL ECONOMY 95 94 61 3694 0 0 4641447 4578821 0 0 485627 3191447 -17369 -30256 5109705 7740012 11000 11000 0 0 3677789 4183468 0 0 750022 1622966 1622248 5311755 5816716 -202050 1923296 27139905 28460820 2099635 1676931 25040270 26783889 TO INSPIRE AND PREPARE YOUNG PEOPLE TO SUCCEED IN A GLOBAL ECONOMY 0 0 4054305 11000 JUNIOR ACHIEVEMENT EDUCATES STUDENTS, FROM KINDERGARTEN THROUGH 12TH GRADE, ABOUT WORKFORCE READINESS, ENTREPRENEURSHIP AND FINANCIAL LITERACY THROUGH EXPERIENTIAL, HANDS-ON PROGRAMS. JUNIOR ACHIEVEMENT PROGRAMS HELP PREPARE YOUNG PEOPLE FOR THE REAL WORLD BY SHOWING THEM HOW TO GENERATE WEALTH AND EFFECTIVELY MANAGE IT, HOW TO CREATE JOBS WHICH MAKE THEIR COMMUNITIES MORE ROBUST, AND HOW TO APPLY ENTREPRENEURIAL THINKING TO THE WORKPLACE. STUDENTS PUT THESE LESSONS INTO ACTION AND LEARN THE VALUE OF CONTRIBUTING TO THEIR COMMUNITIES. IN THE 2023-2024 SCHOOL YEAR, JUNIOR ACHIEVEMENT OF CHICAGO SERVED 363,802 STUDENTS IN 17,955 CLASSROOMS THROUGHOUT THE CHICAGOLAND AREA. 4054305 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 61 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 95 94 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 IL IN X TERRANCE GUTHRIE 3127151300 651 W WASHINGTON BLVD STE 404 CHICAGO IL 606612123 THOMAS STAAB PRESIDENT & CEO 37.50 X X 428481 0 17386 KATHERINE SCHERER CHAIR 2.00 X X 0 0 0 MICHAEL FROY SECRETARY 2.00 X X 0 0 0 PAUL GREEN TREASURER 2.00 X X 0 0 0 JEFFREY ALBEE DIRECTOR 0.50 X 0 0 0 BRIAN BARNES DIRECTOR 0.50 X 0 0 0 MELISSA BEAN DIRECTOR 1.00 X 0 0 0 SEAN BENTLEY DIRECTOR 0.50 X 0 0 0 JAMES BRAMBLET DIRECTOR 0.50 X 0 0 0 RANDY BURT DIRECTOR 0.50 X 0 0 0 THOMAS CAHILL DIRECTOR 1.00 X 0 0 0 DEIA CAMPANELLI DIRECTOR 0.50 X 0 0 0 NEAL CAMPBELL DIRECTOR 0.50 X 0 0 0 ALEXANDER CAMPBELL DIRECTOR 0.50 X 0 0 0 ROBERT CHODOS DIRECTOR 1.00 X 0 0 0 JESSICA COLE DIRECTOR 1.00 X 0 0 0 JOHN COMPERNOLLE DIRECTOR 0.50 X 0 0 0 ELLE CORDES RADKE DIRECTOR 1.00 X 0 0 0 TYSON CORNELL DIRECTOR 1.00 X 0 0 0 RANDAL DAWSON DIRECTOR 0.50 X 0 0 0 GHRAM DEBES DIRECTOR 0.50 X 0 0 0 PATRICE DECORREVONT DIRECTOR 1.00 X 0 0 0 DAVID DEES DIRECTOR (THROU 09/26/23) 0.50 X 0 0 0 DOUG DONOVAN DIRECTOR 0.50 X 0 0 0 DONNA DORSEY DIRECTOR 0.50 X 0 0 0 BOB DUTZI DIRECTOR 0.50 X 0 0 0 CHARLES EDELSTEIN DIRECTOR 1.00 X 0 0 0 PAULA FERGUSON DIRECTOR 0.50 X 0 0 0 GINA FEZLER DIRECTOR 0.50 X 0 0 0 JAMES FIELDS DIRECTOR 0.50 X 0 0 0 JOSEPH FITZPATRICK DIRECTOR 0.50 X 0 0 0 SARAH FLANAGAN DIRECTOR 0.50 X 0 0 0 KRISTEN FREUND DIRECTOR 1.00 X 0 0 0 KAREN GALIVAN DIRECTOR 0.50 X 0 0 0 STEPHEN GRABEK DIRECTOR 1.00 X 0 0 0 STEDMAN GRAHAM DIRECTOR 0.50 X 0 0 0 DAN CHIP HARDT DIRECTOR 0.50 X 0 0 0 GRANT HARVEY DIRECTOR 0.50 X 0 0 0 JONATHAN HAUGEBERG DIRECTOR 0.50 X 0 0 0 JOAN HEGGEN DIRECTOR 0.50 X 0 0 0 STEVE HENN DIRECTOR 0.50 X 0 0 0 ROBERTO HERENCIA DIRECTOR 1.00 X 0 0 0 GARY HOLDREN DIRECTOR 0.50 X 0 0 0 MARK HUNTINGTON DIRECTOR 0.50 X 0 0 0 JOSE ISASI II DIRECTOR 0.50 X 0 0 0 GEORGE JOHNSON DIRECTOR 0.50 X 0 0 0 JOCELYN JOPA DIRECTOR 0.50 X 0 0 0 KIP KELLEY DIRECTOR 0.50 X 0 0 0 ANTHONY KESMAN DIRECTOR 0.50 X 0 0 0 JAMIE KIEFFER DIRECTOR 1.00 X 0 0 0 PAUL LARSON DIRECTOR 0.50 X 0 0 0 KATIE LAWLER DIRECTOR 1.00 X 0 0 0 CHRISTINE LEAHY DIRECTOR 1.00 X 0 0 0 MATT LEONARD DIRECTOR (THROU 09/26/23) 0.50 X 0 0 0 CURTIS MAAS DIRECTOR 0.50 X 0 0 0 PATRICK MACELLARO DIRECTOR 0.50 X 0 0 0 DAVID MARBERGER DIRECTOR 1.00 X 0 0 0 TERRANCE TERRY MAXWELL DIRECTOR 0.50 X 0 0 0 WILLIE MAYBERRY DIRECTOR 0.50 X 0 0 0 CARLA MICHELOTTI DIRECTOR 0.50 X 0 0 0 AARON MINER DIRECTOR 0.50 X 0 0 0 THOMAS MONAHAN DIRECTOR 0.50 X 0 0 0 HEATHER MOONEY DIRECTOR 0.50 X 0 0 0 BRIAN MORGAN DIRECTOR 0.50 X 0 0 0 PAUL MORGAN DIRECTOR 0.50 X 0 0 0 WADE MYNATT DIRECTOR 0.50 X 0 0 0 STEPHEN NESBITT DIRECTOR 0.50 X 0 0 0 LARRY NIEMAN DIRECTOR 0.50 X 0 0 0 ROBERT O'KEEF DIRECTOR 0.50 X 0 0 0 EDMOND OPLER DIRECTOR 0.50 X 0 0 0 DONALD ORTEGEL DIRECTOR 0.50 X 0 0 0 CHARMAINE OWENS DIRECTOR 0.50 X 0 0 0 ALBERTO PARACCHINI DIRECTOR 0.50 X 0 0 0 MORDIE PEARSON DIRECTOR 0.50 X 0 0 0 JOSE PENA DIRECTOR 1.00 X 0 0 0 FRANK PTAK DIRECTOR (THROU 09/26/23) 0.50 X 0 0 0 SCOTT RAMSBOTTOM DIRECTOR 0.50 X 0 0 0 MARK ROCHE DIRECTOR (THROU 09/26/23) 0.50 X 0 0 0 JOHN RODI DIRECTOR 1.00 X 0 0 0 JIM ROZSYPAL DIRECTOR (THROU 01/31/24) 0.50 X 0 0 0 ROD SCHRADER DIRECTOR 0.50 X 0 0 0 ELBERT SINGLETON DIRECTOR 0.50 X 0 0 0 MARK SKROCH DIRECTOR 0.50 X 0 0 0 LAURA SLAGTER DIRECTOR 0.50 X 0 0 0 DENIS SPRINGER DIRECTOR 0.50 X 0 0 0 LISA STENGLEIN DIRECTOR 0.50 X 0 0 0 BOB STEWART DIRECTOR 0.50 X 0 0 0 LYNETTE STOKES DIRECTOR 0.50 X 0 0 0 LISA STUVER DIRECTOR 0.50 X 0 0 0 CHRISTOPHER SWEETLAND DIRECTOR 0.50 X 0 0 0 BECKY TINKHAM DIRECTOR 0.50 X 0 0 0 MICHAEL TOWER DIRECTOR 1.00 X 0 0 0 MARY ANN TRAVERS DIRECTOR 0.50 X 0 0 0 DAN VAN AKEN DIRECTOR (THROU 09/26/23) 0.50 X 0 0 0 SANDRA WAYNE DIRECTOR 0.50 X 0 0 0 THOMAS WEBER DIRECTOR 0.50 X 0 0 0 BRYN WILEY DIRECTOR (THROU 09/26/23) 0.50 X 0 0 0 SPENCER WILLIAMS DIRECTOR 0.50 X 0 0 0 NATHAN WINTERS DIRECTOR 0.50 X 0 0 0 DESMOND WONG DIRECTOR 0.50 X 0 0 0 MARIA RAMOS SVP OF EDUCATION & OPERATIONS 37.50 X 229262 0 19792 TERRANCE GUTHRIE VP OF FINANCE AND ADMINISTRATION 37.50 X 179798 0 18000 RAVI PARAKKAT VP OF DIGITAL TRANSFORMATION 37.50 X 174543 0 27088 DEREK ERNST VP OF DEVELOPMENT 37.50 X 184074 0 9749 AMY YOUNGBERG VP OF PROGRAMS 37.50 X 131994 0 14670 1328152 0 106685 6 0 1 0 0 1665356 2913465 4578821 572624 572624 3265042 646219 2618823 2618823 2618823 307021 1665356 342401 -35380 -35380 MISCELLANEOUS 900099 5124 5124 5124 7740012 0 0 3161191 11000 11000 631386 362402 140595 128389 2849734 1997677 458019 394038 138050 93593 23739 20718 335019 227131 57610 50278 229279 155443 39427 34409 49453 49453 104344 104344 65170 4878 28589 31703 47440 41881 3191 2368 15517 7909 6154 1454 325269 237874 55678 31717 71114 60040 5306 5768 10202 3370 5295 1537 399157 399157 51327 38495 7699 5133 100050 71450 19073 9527 STUDENT MATERIALS 341976 341976 MISC. 41229 29 8217 32983 5816716 4054305 1012389 750022 157300 208642 2601508 493492 106750 145550 227184 180497 55728 94767 675903 526002 173082 149901 22595214 26317428 1223139 870543 27139905 28460820 461325 341824 42678 65178 320500 297010 1275132 972919 2099635 1676931 X 24848353 26584459 191917 199430 25040270 26783889 27139905 28460820 1923296 -179677 0 X 0 1 X 1 0 X 5073897 3916917 4691160 4641447 4578821 22902242 5073897 3916917 4691160 4641447 4578821 22902242 1690703 21211539 358575 251652 383327 448709 572624 2014887 97208 0 0 0 97208 1679 535 183 44387 5124 51908 25066245 0.84620 0.86650 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21005324 2741588 11000 989000 22746912 19217278 2298046 11000 499000 21005324 21426042 450000 -2647764 11000 19217278 15395683 446650 5592209 8500 21426042 16323456 653 27574 6000 950000 15395683 0.99000 0.01000 0 0 651410 501509 149901 24493 24493 0 149901 LEASE LIABILITY 778949 REFUNDABLE ADVANCE 50000 SEC. 457(B) PLAN DEFERRED COMPENSATION 143970 972919 X 7455991 -179677 -179677 7635668 104344 104344 7740012 5712372 0 5712372 104344 104344 5816716 PART V, LINE 4: IN TIME OF NEED THE FUNDS WILL ALLOW THE ORGANIZATION TO CONTINUE ITS NORMAL OPERATIONS. PART X, LINE 2: ACCORDING TO THE INTERNAL REVENUE SERVICE, THE ORGANIZATION IS CONSIDERED A SUBORDINATE ORGANIZATION OF JA USA AND IS RECOGNIZED AS A 501(C)(3) ORGANIZATION. THE ORGANIZATION IS NOT CLASSIFIED AS A PRIVATE FOUNDATION. THE ORGANIZATION FOLLOWS THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESS THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED ON THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE-LIKELY-THAN-NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE ORGANIZATION AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR THE REPORTING PERIODS PRESENTED IN THE FINANCIAL STATEMENTS. THE ORGANIZATION ANNUALLY FILES FORM 990 IN THE U.S. FEDERAL JURISDICTION AND IN THE STATES OF ILLINOIS AND INDIANA. THE ORGANIZATION IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE EXAMINATIONS OF TAX AUTHORITIES FOR TAX YEARS PRIOR TO 2021. CBHF 919045 865725 53320 65452 29378 GOLF OUTING 518778 338478 180300 1730 154946 3503 12 534554 461153 73401 3962 56744 20281 2251 4154 1972377 1665356 307021 5692 211690 85733 2251 37035 342401 -35380 1 SCHOLARSHIPS 7 11000 PART I, LINE 2: ALL SCHOLARSHIP RECIPIENTS MUST PROVIDE JUNIOR ACHIEVEMENT OF CHICAGO WITH THEIR PROOF OF IDENTIFICATION, STUDENT ID, AND CURRENT SEMESTER'S CLASS SCHEDULE. ONCE ALL INFORMATION IS PROVIDED, JA OF CHICAGO SENDS A FORMAL LETTER ENCLOSED WITH THE CHECK VERIFYING THE TERMS OF HOW IT IS TO BE APPLIED AND TO WHOM. THE OFFICE OF FINANCIAL AID OF SAID UNIVERSITY RECEIVES THE CHECK AND IS TO APPLY A CREDIT TOWARDS THE STUDENT'S TUITION. X X X X 0 0 0 0 0 0 0 1 0 THOMAS STAAB PRESIDENT & CEO 315371 0 113110 0 0 0 16500 0 886 0 445867 0 0 0 MARIA RAMOS SVP OF EDUCATION & OPERATIONS 188781 0 40481 0 0 0 11525 0 8267 0 249054 0 0 0 RAVI PARAKKAT VP OF DIGITAL TRANSFORMATION 149496 0 25047 0 0 0 9150 0 17938 0 201631 0 0 0 TERRANCE GUTHRIE VP OF FINANCE AND ADMINISTRATION 156152 0 23646 0 0 0 9107 0 8893 0 197798 0 0 0 DEREK ERNST VP OF DEVELOPMENT 158914 0 25160 0 0 0 9145 0 604 0 193823 0 0 0 AMY YOUNGBERG VP OF PROGRAMS 111311 0 20683 0 0 0 6695 0 7975 0 146664 0 0 0 PART I, LINE 7 ALL EMPLOYEES ARE ELIGIBLE TO PARTICIPATE IN THE INCENTIVE PLAN ASSUMING THAT THEY HAVE BEEN EMPLOYED AT JA OF CHICAGO FOR AT LEAST SIX MONTHS AND MEET REQUIREMENTS BASED ON THEIR PERFORMANCE REVIEW. THE PLAN IS FUNDED BASED ON JA OF CHICAGO'S FUNDRAISING GOAL. AT TARGET PERFORMANCE, PAYOUTS FOR BONUSES ARE DETERMINED BASED ON PERCENTAGE OF BASE SALARY. THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS ADMINISTERS THE PLAN AND HAS DISCRETION OVER THE RULES AND INTERPRETATIONS OF THE PLAN. FORM 990, PART VI, SECTION A, LINE 2 JUNIOR ACHIEVEMENT OF CHICAGO HAS A BOARD OF DIRECTORS COMPRISED OF TOP EXECUTIVES FROM A BROAD RANGE OF INDUSTRIES. BY THE VERY NATURE OF HAVING A LARGE BOARD, SOME DIRECTORS HAVE FAMILY AND BUSINESS RELATIONSHIPS WITH ONE ANOTHER. THESE RELATIONSHIPS DO NOT CAUSE A CONFLICT WITH ANY TAX-EXEMPT PURPOSE OF JUNIOR ACHIEVEMENT OF CHICAGO. FORM 990, PART VI, SECTION A, LINE 6 ALL PERSONS OR ORGANIZATIONS WHO HAVE CONTRIBUTED $5,000 OR MORE IN CASH TO THIS CORPORATION DURING THE IMMEDIATELY PRECEDING 12-MONTH PERIOD SHALL BE A MEMBER. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER AT EACH ELECTION OF DIRECTORS WILL HAVE ONE VOTE TO ELECT. FORM 990, PART VI, SECTION A, LINE 7B EACH MEMBER SHALL BE ENTITLED TO ONE VOTE ON EACH MATTER SUBMITTED TO A VOTE OF THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B A RESOLUTION WAS PASSED BY JA OF CHICAGO'S BOARD OF DIRECTORS AUTHORIZING THE AUDIT COMMITTEE TO APPROVE THE FORM 990 ON AN ANNUAL BASIS. THE AUDIT COMMITTEE REVIEWS A DRAFT OF THE COMPLETED FORM 990 PRIOR TO FILING WITH THE IRS. A MEETING IS THEN HELD WITH JA'S TAX CONSULTANTS TO DISCUSS THE FORM 990. IF NEEDED, CHANGES ARE MADE. COPIES OF THE FINAL FORM 990 ARE THEN MADE AVAILABLE TO JA'S FULL GOVERNING BODY VIA JA'S WEBSITE OR ONLINE BOARD PORTAL. A FINAL COPY IS THEN FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL OF JA CHICAGO'S EMPLOYEES AND BOARD MEMBERS ARE REQUIRED TO COMPLETE AND SIGN A CONFLICT OF INTEREST DECLARATION UPON ASSUMING THEIR JUNIOR ACHIEVEMENT RESPONSIBILITIES. JUNIOR ACHIEVEMENT OF CHICAGO'S BOARD COMPLETE A NEW DECLARATION ANNUALLY. ALL CONFLICT OF INTEREST DECLARATIONS ARE REVIEWED BY JUNIOR ACHIEVEMENT OF CHICAGO'S VICE PRESIDENT OF FINANCE AND ADMINISTRATION AND PRESIDENT. ANY POTENTIAL CONFLICTS THAT ARE NOTED EITHER ON THE INITIAL CONFLICT OF INTEREST DECLARATION OR SUBSEQUENTLY DURING THE YEAR ARE EVALUATED TO DETERMINE IF A TRUE CONFLICT EXISTS AND WHAT STEPS ARE NEEDED. JUNIOR ACHIEVEMENT OF CHICAGO'S AUDIT COMMITTEE REVIEWS ALL POTENTIAL CONFLICTS OF INTEREST ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 JUNIOR ACHIEVEMENT USA AND JA CHICAGO, IN COLLABORATION WITH WILLIS TOWERS WATSON, ADOPTED THE CAREER AND COMPENSATION FRAMEWORK, A STRATEGIC MOVE AIMED AT FORMULATING MARKET-BASED SALARY RANGES FOR JA AREA PRESIDENTS. THIS TRANSFORMATION UNDERSCORES THE COMMITMENT TO ALIGNING EXECUTIVE COMPENSATION WITH THE ORGANIZATIONAL STRATEGY, FOSTERING A CULTURE OF EXCELLENCE, AND DRIVING EXCEPTIONAL PERFORMANCE AMONG LEADERSHIP TEAMS. LEVERAGING MARKET DATA, THESE ORGANIZATIONS AIM TO BENCHMARK EXECUTIVE COMPENSATION AGAINST INDUSTRY PEERS, TAKING INTO ACCOUNT FACTORS SUCH AS COMPANY SIZE, REGIONAL LABOR COSTS, AND INDUSTRY DYNAMICS. THE FINAL COMPENSATION DETERMINATION FOR EXECUTIVES WITHIN THESE SALARY RANGES IS GUIDED BY AN ASSESSMENT OF INDIVIDUAL PERFORMANCE, ORGANIZATIONAL ACHIEVEMENTS, AND ALIGNMENT WITH STRATEGIC OBJECTIVES. JA CHICAGO'S COMPENSATION COMMITTEE CONVENES ON AN ANNUAL BASIS TO DELIBERATE AND ULTIMATELY APPROVE COMPENSATION PACKAGES FOR KEY EXECUTIVES, INCLUDING THE PRESIDENT AND CEO, SENIOR VICE PRESIDENT OF EDUCATION AND OPERATIONS, VICE PRESIDENT OF DEVELOPMENT, VICE PRESIDENT OF FINANCE AND ADMINISTRATION, VICE PRESIDENT OF DIGITAL TRANSFORMATION, AND VICE PRESIDENT OF PROGRAMS. THE COMPENSATION COMMITTEE RELIES ON COMPREHENSIVE COMPENSATION DATA PROVIDED BY JA USA AND WILLIS TOWERS WATSON PERSONNEL, COUPLED WITH PERFORMANCE EVALUATIONS FOR EACH KEY EMPLOYEE. FOLLOWING THESE DELIBERATIONS, THE CHAIR OF THE COMPENSATION COMMITTEE AT JA CHICAGO FORMALLY COMMUNICATES THE APPROVED COMPENSATION PACKAGES THROUGH A LETTER, THEREBY AUTHORIZING THE APPROPRIATE COMPENSATION FOR THE UPCOMING YEAR. FORM 990, PART VI, SECTION C, LINE 19 JUNIOR ACHIEVEMENT OF CHICAGO PUBLISHES ITS ANNUAL REPORT ON ITS WEBSITE ANNUALLY, IN ADDITION TO ITS ANNUAL OPERATING REVENUE AND EXPENSES. GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND DETAILED FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN IRC SECTION 6104(D).