2021-10-29T13:49:54-05:00 2021-06-30 420714325 RSM US LLP 30 South Wacker Dr Suite 3300 Chicago IL 606063392 990 2020-07-01 362170141 Junior Achievement of Chicago JUNI 3127151300 651 W Washington Blvd No 404 Chicago IL 60661 Thomas Staab President and CEO 3127151300 2021-10-28 1 Thomas Staab XXX-XX-XXXX Rebekuh Eley P01247672 3126343400 2021-10-28 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z Thomas Staab 651 W Washington Blvd No 404 Chicago IL 60661 8414515 0 1116 X www.jachicago.org X 1940 IL To inspire and prepare young people to succeed in a global economy. 136 135 86 2300 0 0 5073897 3916917 0 0 115267 1499711 98887 -17141 5288051 5399487 6000 8500 0 0 3934481 2263514 0 0 542939 1972916 1286018 5913397 3558032 -625346 1841455 20522078 26961592 1127251 1524923 19394827 25436669 To inspire and prepare young people to succeed in a global economy. 0 0 2235187 8500 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 2020-2021 school year, Junior Achievement of Chicago served 173,309 students in 7,171 classrooms throughout the Chicagoland area. 2235187 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 86 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 136 135 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 Sandy Daffe' President & CEO (until 11/1/2020) 37.50 X X 505770 0 19233 Thomas Staab President & CEO (as of 11/1/2020) 37.50 X X 232397 0 1560 Richard H Lenny Chair 1.00 X X 0 0 0 Michael M Froy Secretary 1.00 X X 0 0 0 Katherine M Scherer Treasurer 1.00 X X 0 0 0 Jeffrey L Albee Director 0.50 X 0 0 0 Michael Albers Director 0.50 X 0 0 0 Constantine G Alexandrakis Director 1.00 X 0 0 0 Bruce A Anderson Director 0.50 X 0 0 0 Anna Bathrick Director 0.50 X 0 0 0 Melissa L Bean Director 1.00 X 0 0 0 Sean Bentley Director 0.50 X 0 0 0 Thomas L Bindley Director 0.50 X 0 0 0 Hillary Bochniak Director 0.50 X 0 0 0 Barbara Bodem Director 0.50 X 0 0 0 Catherine M Bourke Director 0.50 X 0 0 0 S Biff Bowman Director 1.00 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 G Campbell Director 0.50 X 0 0 0 Neal J Campbell Director 0.50 X 0 0 0 David R Casper Director 1.00 X 0 0 0 Robert B Chodos Director 1.00 X 0 0 0 Jessica Cole Director 0.50 X 0 0 0 Peter Colley Director 0.50 X 0 0 0 John J 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 James C Cotting Director 0.50 X 0 0 0 Bryan C Cressey Director 1.00 X 0 0 0 Marsha Cruzan Director 0.50 X 0 0 0 Randal Dawson Director 0.50 X 0 0 0 Ghram Debes Director 0.50 X 0 0 0 Patrice P 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 B Edelstein Director 0.50 X 0 0 0 W James Farrell Director 0.50 X 0 0 0 Gina Fezler Director 0.50 X 0 0 0 James D Fields Director 0.50 X 0 0 0 Stanley S 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 Ian Foster Director 0.50 X 0 0 0 Kristen P Freund Director 0.50 X 0 0 0 Stephen J Grabek Director 1.00 X 0 0 0 Stedman Graham Director 0.50 X 0 0 0 Paul Green Director 1.00 X 0 0 0 Dan W Hardt Director 0.50 X 0 0 0 Grant Harvey Director 0.50 X 0 0 0 Denis Healy Sr Director 0.50 X 0 0 0 Steve Henn Director 0.50 X 0 0 0 Roberto R Herencia Director 1.00 X 0 0 0 Gary E Holdren Director 0.50 X 0 0 0 John R Horne Director 0.50 X 0 0 0 Brian Hughes Director 0.50 X 0 0 0 Jose A Isasi II Director 0.50 X 0 0 0 Janice K Jackson Director 0.50 X 0 0 0 Donna Jennings Director 0.50 X 0 0 0 George E 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 K Kesman Director 0.50 X 0 0 0 Jamie Kieffer Director 0.50 X 0 0 0 Amy King Director 0.50 X 0 0 0 Lester B Knight Director 0.50 X 0 0 0 Mablene Krueger Director 1.00 X 0 0 0 Jeff Langenbach Director 0.50 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 Olivier Leonetti Director 0.50 X 0 0 0 Katherine Linzer Director 0.50 X 0 0 0 Curtis N Maas 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 Anthony McCain Director 0.50 X 0 0 0 Carla R 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 A 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 0.50 X 0 0 0 Wade Mynatt Director 0.50 X 0 0 0 David W Nelms Director 1.00 X 0 0 0 Stephen R Nesbitt Director 0.50 X 0 0 0 Larry P Nieman Director 0.50 X 0 0 0 Roger Odle Director 0.50 X 0 0 0 Robert O'Keef Director 0.50 X 0 0 0 Edmond F Opler Director 0.50 X 0 0 0 Donald J Ortegel Director 0.50 X 0 0 0 Charmaine P Owens Director 0.50 X 0 0 0 Alberto Paracchini Director 0.50 X 0 0 0 Ed Paulis 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 L Pflueger Director 0.50 X 0 0 0 David M Pilotto Director 0.50 X 0 0 0 Nick K Pontikes Director 1.00 X 0 0 0 Frank S Ptak Director 0.50 X 0 0 0 Scott Ramsbottom Director 0.50 X 0 0 0 Thomas E Richards 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 E Scott Santi Director 1.00 X 0 0 0 Greg Saul Director 0.50 X 0 0 0 Gale E Sayers Director 0.50 X 0 0 0 Rod Schrader Director 0.50 X 0 0 0 Rex L Sessions Director 0.50 X 0 0 0 Erik Severinghaus Director 0.50 X 0 0 0 Luis M Sierra 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 E 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 J Tower Director 1.00 X 0 0 0 Mary Ann Travers Director 0.50 X 0 0 0 Matt Troka Director 0.50 X 0 0 0 Daniel R Van Aken Director 0.50 X 0 0 0 Robert R Vogel Director 0.50 X 0 0 0 Larry Wert Director 0.50 X 0 0 0 Norman H Wesley 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 C Wong Director 0.50 X 0 0 0 Maria Ramos VP of Operations 37.50 X 164781 0 10255 Derek Ernst VP of Operations 37.50 X 150930 0 1017 Terrance D Guthrie VP of Finance and Admin 37.50 X 130861 0 10006 1184739 0 42071 5 0 1 0 0 812679 3104238 3916917 251652 251652 4120933 13862 2886736 0 1234197 13862 1248059 1248059 110616 812679 128292 -17676 -17676 535 535 535 5399487 0 0 1482570 8500 8500 738167 295267 248787 194113 1172373 820687 179917 171769 72268 42272 16973 13023 154334 101617 20447 32270 126372 76261 27832 22279 38981 38981 92008 92008 76009 100 51652 24257 2835 2835 56156 39163 12635 4358 57340 42346 9351 5643 156887 112041 26907 17939 25607 15307 4327 5973 7561 131 7430 404964 404964 86743 65058 13011 8674 186698 140023 28005 18670 Student Materials 66687 66687 27542 1928 1643 23971 3558032 2235187 779906 542939 114888 76411 1034993 5151365 141094 108000 358598 333042 4844 42632 641298 601816 128745 39482 18353472 20823479 385444 387181 20522078 26961592 358499 449042 17721 19721 365587 668979 385444 387181 1127251 1524923 X 19264827 25222413 130000 214256 19394827 25436669 20522078 26961592 1841455 4200387 0 X 0 1 X 1 0 X 6528977 6492145 6233500 5073897 3916917 28245436 6528977 6492145 6233500 5073897 3916917 28245436 1519833 26725603 350781 378706 480977 358575 251652 1820691 5877 97208 0 103085 9618 4845 2480 1679 535 19157 30188369 707630 0.88530 0.91340 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15395683 446650 5592209 8500 21426042 16323456 653 27574 6000 950000 15395683 16610157 41058 828241 6000 1150000 16323456 16073635 450033 1242489 6000 1150000 16610157 14457325 497055 1975255 6000 850000 16073635 0.99000 0.01000 0.00000 0 0 616805 577323 39482 24493 24493 0 39482 Sec. 457(b) Plan Deferred Compensation 387181 387181 X 10058658 4200387 22500 400000 4622887 5435771 92008 -128292 -36284 5399487 4016816 22500 528292 550792 3466024 92008 92008 3558032 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: Increase in Board Designated Endowments 400,000. Part XI, Line 4b - Other Adjustments: Fundraising Event Expenses -128,292. Part XII, Line 2d - Other Adjustments: Fundraising Event Expenses 128,292. Increase in Board Designated Endowments 400,000. GOLF 350156 239540 110616 112461 3474 CBHF 305500 305500 7 267639 267639 1632 8894 1831 923295 812679 110616 1632 121355 5305 128292 -17676 1 Scholarships 5 8500 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 Sandy Daffe' President & CEO (until 11/1/2020) 399132 0 103800 0 2838 0 0 0 19233 0 525003 0 0 0 Thomas Staab President & CEO (as of 11/1/2020) 197650 0 33750 0 997 0 0 0 1560 0 233957 0 0 0 Maria Ramos VP of Operations 147620 0 16650 0 511 0 0 0 10255 0 175036 0 0 0 Derek Ernst VP of Operations 135117 0 15075 0 738 0 0 0 1017 0 151947 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, Senior Vice President of Education and Operations, Vice President of Development, and Vice President of Finance and Administration. 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's accountant 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).