2022-10-28T15:10:33-05:00 2022-06-30 420714325 RSM US LLP 30 South Wacker Dr Suite 3300 Chicago IL 606063392 990 2021-07-01 362170141 Junior Achievement of Chicago JUNI 3127151300 651 W Washington Blvd 404 Chicago IL 60661 Thomas Staab President and CEO 3127151300 2022-10-18 1 Thomas Staab XXX-XX-XXXX Ariel Garcia P02244437 3126343400 2022-10-04 0 AAL1 IAL1 2021 2022-09-23 18:48:47Z Thomas Staab 651 W Washington Blvd 404 Chicago IL 60661 7651706 0 X www.jachicago.org X 1940 IL To inspire and prepare young people to succeed in a global economy. 115 114 39 2205 0 0 3916917 4691160 0 0 1499711 903437 -17141 -57896 5399487 5536701 8500 11000 0 0 2263514 2735547 0 0 607415 1286018 1520773 3558032 4267320 1841455 1269381 26961592 24417639 1524923 1168690 25436669 23248949 To inspire and prepare young people to succeed in a global economy. 0 0 2942373 11000 0 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 2021-2022 school year, Junior Achievement of Chicago served 229,599 students in 11,832 classrooms throughout the Chicagoland area. 2942373 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 0 0 39 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 115 114 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 Suite 404 Chicago IL 606612123 Thomas Staab President & CEO 37.50 X X 370725 0 1560 Katherine Scherer Chair 1.00 X X 0 0 0 Michael Froy Secretary 1.00 X X 0 0 0 Paul Green Treasurer 1.00 X X 0 0 0 Jeffrey Albee Director 0.50 X 0 0 0 Michael Albers Director 0.50 X 0 0 0 Bruce Anderson Director 0.50 X 0 0 0 Brian Barnes Director 0.50 X 0 0 0 Anna Bathrick 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 Thomas Bindley Director 0.50 X 0 0 0 Hillary Bochniak Director 0.50 X 0 0 0 Catherine Bourke Director 0.50 X 0 0 0 Randy Burt Director 0.50 X 0 0 0 Thomas Cahill Director 0.50 X 0 0 0 Deia Campanelli Director 0.50 X 0 0 0 Alexander Campbell Director 0.50 X 0 0 0 Neal 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 0.50 X 0 0 0 Tyson Cornell Director 1.00 X 0 0 0 Bryan Cressey 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 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 0.50 X 0 0 0 Gina Fezler Director 0.50 X 0 0 0 James Fields Director 0.50 X 0 0 0 Stanley 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 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 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 Jose Isasi II Director 0.50 X 0 0 0 Janice Jackson Director 0.50 X 0 0 0 Donna Jennings 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 0.50 X 0 0 0 Lester Knight Director 0.50 X 0 0 0 Mablene Krueger Director 1.00 X 0 0 0 Paul Larson Director 0.50 X 0 0 0 Katie Lawler Director 0.50 X 0 0 0 Christine Leahy Director 1.00 X 0 0 0 Matthew Leonard Director 0.50 X 0 0 0 Katherine Linzer Director 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 Gary Maus Director 0.50 X 0 0 0 Willie Mayberry Director 0.50 X 0 0 0 Anthony McCain Director 0.50 X 0 0 0 Carla Michelotti Director 0.50 X 0 0 0 Michael Mikhail 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 Tracie Morris Director 1.00 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 Amy Pflueger Director 0.50 X 0 0 0 David Pilotto Director 0.50 X 0 0 0 Frank Ptak Director 0.50 X 0 0 0 Scott Ramsbottom Director 0.50 X 0 0 0 Mark Roche Director 0.50 X 0 0 0 John Rodi Director 1.00 X 0 0 0 Patrick Roxworthy Director 0.50 X 0 0 0 James Rozsypal Director 0.50 X 0 0 0 James Samartzis Director 0.50 X 0 0 0 Greg Saul Director 0.50 X 0 0 0 Rod Schrader Director 0.50 X 0 0 0 E Scott Santi Director 1.00 X 0 0 0 Rex Sessions Director 0.50 X 0 0 0 Erik Severinghaus 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 Chris Sweetland 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 Daniel Van Aken Director 0.50 X 0 0 0 Molly VandenHeuvel Director 0.50 X 0 0 0 Bryn Wiley Director 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 Constantine Alexandrakis Director 0.50 X 0 0 0 Peter Colley Director 0.50 X 0 0 0 W James Farrell Director 0.50 X 0 0 0 John R Horne Director 0.50 X 0 0 0 Richard H Lenny Past Chair 0.50 X 0 0 0 David W Nelms Director 0.50 X 0 0 0 Thomas E Richards Director 0.50 X 0 0 0 Norman H Wesley Director 0.50 X 0 0 0 Maria Ramos Senior VP of Education & Operations 37.50 X 184891 0 10804 Derek Ernst VP of Development 37.50 X 163562 0 1017 Terrance D Guthrie VP of Finance and Admin 37.50 X 152533 0 10608 871711 0 23989 4 0 1 0 0 1598502 3092658 4691160 383327 383327 2408204 1888094 520110 520110 520110 168832 1598502 226911 -58079 -58079 183 183 183 5536701 0 0 845541 11000 11000 955750 460331 268641 226778 1345499 1019677 139705 186117 80359 46604 19045 14710 202832 146752 16829 39251 151107 98023 26418 26666 41409 41409 105065 105065 98046 52969 12369 32708 4346 1753 1128 1465 48436 40698 4662 3076 73374 58778 9245 5351 203205 152404 30481 20320 39384 19746 12732 6906 12648 7555 3212 1881 437175 437175 35912 26934 5387 3591 133986 100302 20310 13374 Student Materials 261067 261067 26720 605 894 25221 4267320 2942373 717532 607415 76411 77710 5151365 3684822 108000 129000 333042 228895 42632 56891 721977 637727 39482 84250 20823479 19847663 387181 308408 26961592 24417639 449042 440886 19721 22221 668979 397175 387181 308408 1524923 1168690 X 25222413 23069938 214256 179011 25436669 23248949 26961592 24417639 1269381 -3457101 0 X 0 1 X 1 0 X 6492145 6233500 5073897 3916917 4691160 26407619 6492145 6233500 5073897 3916917 4691160 26407619 1603456 24804163 378706 480977 358575 251652 383327 1853237 0 5877 97208 0 0 103085 4845 2480 1679 535 183 9722 28373663 345656 0.87420 0.88530 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21426042 450000 -2647764 11000 19217278 15395683 446650 5592209 8500 21426042 16323456 653 27574 6000 950000 15395683 16610157 41058 828241 6000 1150000 16323456 16073635 450033 1242489 6000 1150000 16610157 0.99000 0.01000 0.00000 0 0 697484 613234 84250 24493 24493 0 84250 Sec. 457(b) Plan Deferred Compensation 308408 308408 X 2553944 -3457101 352500 -3104601 5658545 105065 -226909 -121844 5536701 4741664 579409 579409 4162255 105065 105065 4267320 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, Junior Achievement of Chicago is considered a subordinate organization of Junior Achievement USA and is recognized as a 501(c)(3) organization and is entitled to all rights of a 501(c)(3) organization. Junior Achievement of Chicago considers whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements and 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 Junior Achievement of Chicago 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. Junior Achievement of Chicago annually files Form 990 in the U.S. federal jurisdiction and in the States of Illinois and Indiana. Part XI, Line 2d - Other Adjustments: Designation of Board-Designated Endowments - Fund Transfer 350,000. Appropriation of Endowments 2,500. Part XI, Line 4b - Other Adjustments: Fundraising Event Expenses -226,909. Part XII, Line 2d - Other Adjustments: Fundraising Event Expenses 226,909. Designation of Board-Designated Endowments - Fund Transfer 350,000. Appropriation of Endowments 2,500. GOLF 508479 342097 166382 0 169852 2223 CBHF 1052504 1052504 50777 5 206351 203901 2450 3139 920 1767334 1598502 168832 3139 169852 53920 226911 -58079 1 Scholarships 7 11000 Part I, Line 2: All scholarship recipients must provide Junior Achievement of Chicago with their social security number, 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 275850 0 94875 0 0 0 0 0 1560 0 372285 0 0 0 Maria Ramos Senior VP of Education & Operations 159224 0 25667 0 0 0 0 0 10804 0 195695 0 0 0 Derek Ernst VP of Development 142962 0 20600 0 0 0 0 0 1017 0 164579 0 0 0 Terrance D Guthrie VP of Finance and Admin 129096 0 23437 0 0 0 0 0 10608 0 163141 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 there are directors that 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 at the Board of Directors meeting. Directors who were not available to view the Form 990 at the meeting are provided access to a copy 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 Executive Committee complete a new declaration annually. The remainder of the Board is asked to provide annual updates if there are any changes. (I.E. A new potential conflict arises.) 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 conflict of interest on an annual basis. Form 990, Part VI, Section B, line 15 Junior Achievement USA and JA Chicago utilize a pay structure designed by WMS & Company called Equi-Comp. Equi-Comp ranges are benchmarked against the external labor market and are a source of comparable data. JA Chicago's Compensation Committee meets annually to discuss and ultimately approve compensation for JA Chicago's 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 receives compensation data from JA USA and Equi-Comp staff. The performance information for each key employee along with the Equi-Comp data is reviewed. Following the committee's meeting and decisions, JA Chicago's Chair of the Compensation Committee sends a letter to JA Chicago 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).