2021-12-03T14:44:16-06:00 2021-06-30 111986323 MARCUM LLP 53 STATE STREET FLOOR 17 BOSTON MA 02109 990 2020-07-01 136130107 ACHIEVEMENT FOUNDATION INC ACHI 8606130315 9 GOLFVIEW DRIVE WATERTOWN CT 06795 JAMES HEMAK TREASURER 8606130315 2021-11-30 1 JAMES HEMAK 999009999 DOUGLAS FARRINGTON P00370668 6178075000 2021-11-30 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z PAUL BRADY 9 GOLFVIEW DRIVE WATERTOWN CT 06795 1292343 0 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 OTHER NONPROFIT ORGANIZATIONS 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 15 0 0 23708 36984 0 0 548550 303169 0 0 572258 340153 274627 24462 0 0 0 0 0 0 0 94927 60288 369554 84750 202704 255403 5084060 6134982 24941 32903 5059119 6102079 X 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 OTHER NONPROFIT ORGANIZATIONS 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. 0 0 THE FOUNDATION MAKES GRANTS TO NONPROFIT ORGANIZATIONS WHICH DEVELOP A BETTER UNDERSTANDING OF THE FREE ENTERPRISE SYSTEM IN YOUNG PEOPLE. DUE TO THE EFFECTS OF COVID-19 NO GRANTS WERE MADE DURING THE FISCAL YEAR ENDED JUNE 30, 2021. 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 ACHIEVEMENTAREAS 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. 24462 24462 THE FOUNDATION MAKES TWO SCHOLARSHIP PROGRAMS AVAILABLE TO GRADUATES OF JUNIOR ACHIEVEMENT HIGH SCHOOL PROGRAMS. 24462 1 1 0 0 0 0 0 1 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X X PAUL BRADY 8606130315 9 GOLFVIEW DRIVE WATERTOWN CT 06795 X MIKE HANNIGAN JR CHAIRMAN 1.00 X X 0 0 0 JIM HEMAK TREASURER 1.00 X X 0 0 0 R CHADWICK PAUL JR SECRETARY 1.00 X X 0 0 0 SANDRA BEACH LIN BOARD MEMBER 1.00 X 0 0 0 DONNA STONE BUCHANAN BOARD MEMBER 1.00 X 0 0 0 GINA BLANEY BOARD MEMBER 1.00 X 0 0 0 CATHY FRANCOMANO BOARD MEMBER 1.00 X 0 0 0 DENNIS HOULIHAN BOARD MEMBER 1.00 X 0 0 0 JOHN CAREY BOARD MEMBER 1.00 X 0 0 0 TOM KUSHNER BOARD MEMBER 1.00 X 0 0 0 JEANNE JOHNNY SWEENY BOARD MEMBER EMERITUS 1.00 X 0 0 0 CHRIS WHITE BOARD MEMBER 1.00 X 0 0 0 NORMAN FLEMING BOARD MEMBER 1.00 X 0 0 0 JACK KOSAKOWSKI BOARD MEMBER 1.00 X 0 0 0 KURT SNYDER BOARD MEMBER 1.00 X 0 0 0 PAUL BRADY EXECUTIVE DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 36984 36984 35888 35888 1219471 952190 267281 267281 267281 340153 0 0 303169 24462 24462 9050 9050 15698 15698 29690 29690 205 205 19 19 3895 3895 MISC EXPENSES 1184 1184 TELEPHONE 263 263 LICENSE & PERMITS 250 250 POSTAGE & DELIVERY 34 34 84750 24462 60288 0 445383 185296 470852 252349 1560315 1465289 2229112 3803498 378398 428550 5084060 6134982 24941 32903 24941 32903 X 4642440 5539348 416679 562731 5059119 6102079 5084060 6134982 255403 787555 2 X 1 X 0 1 0 X X 1 JUNIOR ACHIEVEMENT USA INC 841267604 7 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 29219 0 0 69799 35888 69799 65107 0 0 0 0 0 0 69799 65107 3337570 3419779 886563 676940 0 0 4224133 4096719 0 0 0 4224133 4096719 63362 61451 4160771 4035268 145627 141234 0 0 145627 141234 69799 59329 145627 145627 0 145627 24462 0 22749 0 0 0 47211 0 145627 0.000000000000 145627 0 0 0 0 234972 320279 555251 0 145627 0 409624 47211 0 47211 0 0 456835 0 0 89345 320279 47211 PART IV, SECTION A, LINE 1 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 MEM 0 378400 50150 428550 385758 -7358 378400 393034 -7276 385758 388034 4989 393034 373260 14774 388034 1.00000 1 0 0 PERPETUAL TRUST HELD BY HORACE A. MOSES 292586 F ESTATE OF S. BAYARD COLGATE 113853 F ESTATE OF ERNEST W. WOOD 22111 F 428550 SCHOLARSHIPS PAYABLE 32903 32903 X 1098020 787555 2 787557 310463 29690 29690 340153 55060 0 55060 29690 29690 84750 PART V, LINE 4: 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. PART X, LINE 2: 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, 2021, 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: ROUNDING 2. 1 FRANCOMANO, SWEENY AND ACHIEVEMENT FOUNDATION SCHOLARSHIPS 11 24462 CASH PART I, LINE 2: GRANT RECIPIENTS ARE REQUIRED TO FILE QUARTERLY REPORTS AND A FINAL ANNUAL REPORT. SCHOLARSHIP RECIPIENTS ARE REQUIRED TO FILE SEMESTER TRANSCRIPTS. FORM 990, PART VI, SECTION A, LINE 3 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, SECTION B, LINE 11B REVIEWED BY EXECUTIVE DIRECTOR, CHAIRMAN AND TREASURER. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL BRIEFING AT BOARD MEETING TO REVIEW POLICY. OFFICERS, DIRECTORS, AND KEY EMPLOYEES SIGN STATEMENT ON POLICY. FORM 990, PART VI, SECTION C, LINE 19 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 ORGANIZATIONS OFFICE.