2016-11-07T11:16:15-06:00 2016-06-30 420714325 RSM US LLP 1 S Wacker Drive Ste 800 Chicago IL 60606 990 2015-07-01 362170141 Junior Achievement of Chicago JUNI 3127151300 651 West Washington No 404 Chicago IL 60661 Sandra L Daffe' President 3127151300 2016-11-07 1 Wayne Harder P00294296 3126343400 2015 2017-02-10 21:41:12Z Sandra L Daffe' 651 West Washington No 404 Chicago IL 60661 14244381 0 1116 X www.jachicago.org X 1940 IL To inspire and prepare young people to succeed in a global economy. 122 121 98 14138 0 0 7268660 9823395 0 0 664172 208423 -48509 -151023 7884323 9880795 6000 6000 0 0 4427847 4333989 0 0 526369 2289570 2410243 6723417 6750232 1160906 3130563 16739180 18603774 2240124 1046041 14499056 17557733 To inspire and prepare young people to succeed in a global economy. 0 0 5261106 6000 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 2015-2016 school year, Junior Achievement of Chicago served 554,742 students in 26,848 classrooms throughout the Chicagoland area. 5261106 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 1 0 0 0 0 0 0 0 0 1 11 0 1 98 1 0 0 0 0 0 1 1 0 0 0 0 X 122 121 0 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 Sandra L Daffe' President 38.00 X X 430848 0 166482 Michael M Froy Secretary 1.00 X X 0 0 0 Dennis Howarter Treasurer 1.00 X X 0 0 0 David W Nelms Chairman 1.00 X X 0 0 0 Thomas E Richards Vice Chairman 1.00 X X 0 0 0 Jeffrey L Albee Director 0.30 X 0 0 0 Constantine Alexandrakis Director 1.00 X 0 0 0 Bruce A Anderson Director 0.30 X 0 0 0 Richard W Ashley Director 1.00 X 0 0 0 William W Barrett Director 0.30 X 0 0 0 Steve Battreall Director 0.30 X 0 0 0 Melissa L Bean Director 1.00 X 0 0 0 Thomas L Bindley Director 1.00 X 0 0 0 Hillary Bochniak Director 0.30 X 0 0 0 Alex Campbell Director 1.00 X 0 0 0 Neal Campbell Director 1.00 X 0 0 0 David R Casper Director 1.00 X 0 0 0 William J Chase Director 1.00 X 0 0 0 Robert B Chodos Director 1.00 X 0 0 0 Thomas Clarkson Director 1.00 X 0 0 0 John J Compernolle Director 0.30 X 0 0 0 James C Cotting Director 0.30 X 0 0 0 Bryan C Cressey Director 1.00 X 0 0 0 Marsha Cruzan Director 0.30 X 0 0 0 Beatty D'Alessandro Director 0.30 X 0 0 0 Kenneth G Daubenspeck Director 0.30 X 0 0 0 Ghram Debes Director 0.30 X 0 0 0 Patrice P DeCorrevont Director 1.00 X 0 0 0 Charles B Edelstein Director 0.30 X 0 0 0 Daniel P Fallon Director 0.30 X 0 0 0 W James Farrell Director 1.00 X 0 0 0 Joseph Fitzpatrick Director 0.30 X 0 0 0 Susan M Forsell Director 0.30 X 0 0 0 Ian S Foster Director 0.30 X 0 0 0 Kristen P Freund Director 0.30 X 0 0 0 T Brian Gauen Director 0.30 X 0 0 0 David J Geary Director 0.30 X 0 0 0 Pantelis A Georgiadis Director 0.30 X 0 0 0 Peter K Gillespie Director 0.30 X 0 0 0 John R Golden Director 0.30 X 0 0 0 Shelley Goodman Director 1.00 X 0 0 0 Stephen J Grabek Director 1.00 X 0 0 0 Stedman Graham Director 0.30 X 0 0 0 Paul Green Director 0.30 X 0 0 0 Anders Gustafsson Director 0.30 X 0 0 0 Dan Chip W Hardt Director 1.00 X 0 0 0 Kevin Hartman Director 0.30 X 0 0 0 Denis J Healy Sr Director 0.30 X 0 0 0 Roberto R Herencia Director 0.30 X 0 0 0 Gary E Holdren Director 1.00 X 0 0 0 John R Horne Director 0.30 X 0 0 0 Janice K Jackson Director 0.30 X 0 0 0 James V James Director 0.30 X 0 0 0 Mary Catherine Jaros Director 0.30 X 0 0 0 Donna Jennings Director 0.30 X 0 0 0 George E Johnson Director 0.30 X 0 0 0 Kip Kelley Director 0.30 X 0 0 0 Anthony K Kesman Director 0.30 X 0 0 0 Lester Knight Director 0.30 X 0 0 0 David C Koch Director 0.30 X 0 0 0 Jeff Langenbach Director 0.30 X 0 0 0 Katie Lawler Director 0.30 X 0 0 0 F David Leiter Jr Director 1.00 X 0 0 0 Richard H Lenny Director 1.00 X 0 0 0 Robert A Livingston Director 1.00 X 0 0 0 D Rick Lowe Director 0.30 X 0 0 0 Trish Lukasik Director 0.30 X 0 0 0 Curtis N Maas Director 0.30 X 0 0 0 Jeffrey A Malehorn Director 0.30 X 0 0 0 Don Manning Director 0.30 X 0 0 0 Stephen McLaughlin Director 0.30 X 0 0 0 Elaine Melonides Director 0.30 X 0 0 0 Carla R Michelotti Director 0.30 X 0 0 0 Michael Mikhail Director 0.30 X 0 0 0 Paul Miller Director 0.30 X 0 0 0 Phil Miller Director 0.30 X 0 0 0 Heather A Mooney Director 0.30 X 0 0 0 Brian Morgan Director 0.30 X 0 0 0 William L Morrison Director 0.30 X 0 0 0 Wade Mynatt Director 0.30 X 0 0 0 Stephen R Nesbitt Director 1.00 X 0 0 0 John D Nichols Director 1.00 X 0 0 0 Larry P Nieman Director 0.30 X 0 0 0 Roger Odle Director 0.30 X 0 0 0 Robert O'Keef Director 0.30 X 0 0 0 Edmond Opler Director 0.30 X 0 0 0 Charmaine Owens Director 0.30 X 0 0 0 DJ Paoni Director 0.30 X 0 0 0 Alberto Paracchini Director 0.30 X 0 0 0 Robert L Parkinson Jr Director 1.00 X 0 0 0 J David Pepper Director 1.00 X 0 0 0 David M Pilotto Director 0.30 X 0 0 0 Nicholas K Pontikes Director 1.00 X 0 0 0 Frank S Ptak Director 1.00 X 0 0 0 Paul E Purcell Director 0.30 X 0 0 0 Zain Raj Director 0.30 X 0 0 0 Mark Roche Director 0.30 X 0 0 0 Patrick Roxworthy Director 0.30 X 0 0 0 Jimmy Samartzis Director 0.30 X 0 0 0 E Scott Santi Director 1.00 X 0 0 0 Gale E Sayers Director 0.30 X 0 0 0 Katherine M Scherer Director 1.00 X 0 0 0 William H Scherr Director 0.30 X 0 0 0 Nicole R Schmied Director 0.30 X 0 0 0 Rod Schrader Director 0.30 X 0 0 0 Rex L Sessions Director 0.30 X 0 0 0 Erik Severinghaus Director 0.30 X 0 0 0 Stephen E Sheridan Director 0.30 X 0 0 0 Luis M Sierra Director 0.30 X 0 0 0 Laura Slagter Director 0.30 X 0 0 0 Denis E Springer Director 0.30 X 0 0 0 Chase Stevenson Director 0.30 X 0 0 0 Steven Strobel Director 0.30 X 0 0 0 John B Sullivan Director 0.30 X 0 0 0 Robert A Sullivan Director 1.00 X 0 0 0 Michael J Tower Director 1.00 X 0 0 0 Mary Ann Travers Director 0.30 X 0 0 0 Daniel R Van Aken Director 0.30 X 0 0 0 Valerie J Van Meter Director 0.30 X 0 0 0 Robert R Vogel Director 0.30 X 0 0 0 Donn T Vucovich Director 0.30 X 0 0 0 Mark Wagner Director 1.00 X 0 0 0 Harvey Walden III Director 0.30 X 0 0 0 John H Walker Director 0.30 X 0 0 0 Kristi Weaver Director 0.30 X 0 0 0 Jens Welin Director 0.30 X 0 0 0 Larry J Wert Director 0.30 X 0 0 0 Norman H Wesley Director 1.00 X 0 0 0 Bryn Wiley Director 0.30 X 0 0 0 Spencer Williams Director 0.30 X 0 0 0 Maxine Winer Director 0.30 X 0 0 0 Desmond C Wong Director 0.30 X 0 0 0 Colleen Zambole Director 0.30 X 0 0 0 Thomas Staab Senior Vice President of Development 38.00 X 174464 0 29285 Maria Ramos VP, City Operations 38.00 X 142981 0 29694 Peter Truschke VP, Suburban Operations 38.00 X 114005 0 39566 Derek Ernst VP, Suburban Operations 38.00 X 130560 0 21635 992858 0 286662 5 0 1 0 Micro Electric 651 W Washington Blvd Chicago IL 60661 Office Renovation 121742 1 3742405 6080990 688397 9823395 351273 351273 3840167 3983017 -142850 -142850 -142850 223584 3742405 380569 -156985 -156985 5962 5962 5962 9880795 0 0 57400 6000 6000 988776 555758 234538 198480 2381745 2103945 158517 119283 404750 311056 56564 37130 343987 264359 48072 31556 214731 165024 30009 19698 34237 34237 81152 81152 159878 53463 100317 6098 62429 24041 3403 34985 136103 107494 17345 11264 18679 13451 2353 2875 234460 170945 41349 22166 183885 164979 14630 4276 21092 14770 4607 1715 142381 142381 110960 110960 130885 98658 19475 12752 Program Materials 1032947 1032947 Food 31593 31593 29562 242 5229 24091 6750232 5261106 962757 526369 146527 453665 2493614 1173942 423998 108396 3963 11679 270731 271533 0 8000 894142 522680 163097 371462 12991406 15932746 245844 272351 16739180 18603774 597559 489306 34221 29221 1362500 255163 245844 272351 2240124 1046041 X 14369056 17427733 130000 130000 14499056 17557733 16739180 18603774 3130563 -101886 30000 0 X 0 1 X 1 0 X 5417309 5686575 6999591 7453160 9924781 35481416 5417309 5686575 6999591 7453160 9924781 35481416 1616515 33864901 323032 339080 303077 366043 351273 1682505 5077 5962 11039 37174960 980794 0.91100 0.86420 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11505479 3783713 24136 6000 850000 14457328 10918688 1134677 208114 6000 750000 11505479 9149655 952444 1722589 6000 900000 10918688 8513544 2351 1339760 6000 700000 9149655 8210442 1038141 137228 6000 800000 66267 8513544 0.99100 0.00900 0.00000 0 0 826962 476843 350119 67180 45837 21343 371462 Sec. 457(b) Plan Deferred Compensation 272351 272351 X 11039478 -101886 30000 850000 778114 10261364 -380569 -380569 9880795 7980801 1230569 1230569 6750232 0 6750232 Part V, Line 4: In time of need the funds will allow the organization to continue to operate 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 (UBIT). There were no unrecognized tax benefits identified or recorded as liabilities during the years ended June 30, 2016 or 2015. Junior Achievement of Chicago annually files Form 990 in the U.S. federal jurisdiction and in the States of Illinois and Indiana. Junior Achievement of Chicago's Form 990 for 2013 and subsequent years are subject to examination by the Internal Revenue Service. Part XI, Line 2d - Other Adjustments: Release of Board Designated Endowments 850,000. Part XI, Line 4b - Other Adjustments: Fundraising Expenses -380,569. Part XII, Line 2d - Other Adjustments: Release of Board Designated Endowments 850,000. Fundraising Expenses 380,569. Anniversary Dinner 2206500 2105114 101386 86158 80562 Golf Outing 433311 350448 82863 1300 81668 8 1326178 1286843 39335 800 5435 105717 18929 3965989 3742405 223584 800 5435 191875 1300 181159 380569 -156985 1 Scholarships 4 6000 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 Sandra L Daffe' President 336168 0 92000 0 2680 0 150386 0 16096 0 597330 0 0 0 Thomas Staab Senior Vice President of Development 144249 0 30030 0 185 0 29285 0 0 0 203749 0 0 0 Maria Ramos VP, City Operations 117352 0 25339 0 290 0 22495 0 7199 0 172675 0 0 0 Peter Truschke VP, Suburban Operations 102976 0 10628 0 401 0 19865 0 19701 0 153571 0 0 0 Derek Ernst VP, Suburban Operations 112667 0 17483 0 410 0 21635 0 0 0 152195 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. X 14 688397 Mean Stock Price 0 0 0 1 Part I, Column (b): There were 14 stock contributions during the year. Part I, Line 32b: Junior Achievement of Chicago has a standing order with Morgan Stanley to sell all stock contributions when received. Form 990, Part VI, Section A, line 6 All persons or organizations who have contributed $1,000 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 11 A resolution was passed by JA 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 Controller 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 Equip-Comp. Equip-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 Development, Controller, and Vice Presidents of Program Operations. The Compensation Committee receive compensation data from JA USA and Equi-Comp staff. The performance information for each key employee along with the Equi-Comp data was reviewed. Following the committee's meeting and decisions, JA Chicago's Chairman 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. Other governing documents, including its 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).