2016-05-16T09:39:45-05:00 2015-06-30 111986323 MARCUM LLP 53 STATE STREET FLOOR 38 BOSTON MA 02109 990 2014-07-01 136130107 ACHIEVEMENT FOUNDATION INC ACHI 8606130315 460 SMITH STREET NO K MIDDLETOWN CT 06457 MICHAEL HANNIGAN JR CHAIRMAN 8606130315 2016-05-16 1 DOUGLAS FARRINGTON P00370668 6178075000 2016-05-16 2014 2016-08-17 19:52:53Z PAUL BRADY 460 SMITH STREET MIDDLETOWN CT 06457 3148263 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 JUNOIR ACHIEVEMENT AREAS IN FINANCIAL NEED, AND MAKES SCHOLARSHIPS TO STUDENTS WHO HAVE COMPLETED JUNIOR ACHIEVEMENT PROGRAMS. 10 10 0 10 0 0 15750 13448 0 0 470156 533732 0 0 485906 547180 135093 164109 0 0 0 0 0 0 0 72772 71575 207865 235684 278041 311496 4909125 4536878 155925 167117 4753200 4369761 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 118500 118500 THE FOUNDATION MADE GRANTS TO NONPROFIT ORGANIZATIONS WHICH DEVELOP A BETTER UNDERSTANDING OF THE FREE ENTERPRISE SYSTEM IN YOUNG PEOPLE. 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. 45609 45609 THE FOUNDATION MAKES TWO SCHOLARSHIP PROGRAMS AVAILABLE TO GRADUATES OF JUNIOR ACHIEVEMENT HIGH SCHOOL PROGRAMS. 164109 1 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 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 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X X PAUL BRADY 8606130315 460 SMITH STREET SUITE K MIDDLETOWN CT 06457 X ALFRED LEE BRIGHT BOARD MEMBER 1.00 X 0 0 0 MIKE HANNIGAN JR SECRETARY 1.00 X X 0 0 0 NORMAN FLEMING BOARD MEMBER 1.00 X 0 0 0 R CHADWICK PAUL JR CHAIRMAN 1.00 X X 0 0 0 CHRIS WHITE BOARD MEMBER 1.00 X 0 0 0 CAROL MOZAK-WOLFF BOARD MEMBER 1.00 X 0 0 0 ANTHONY SCHOPP 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 BONNAE MESHULAM BOARD MEMBER 1.00 X 0 0 0 0 0 0 0 0 0 0 0 13448 13448 108500 108500 3026315 2601083 425232 425232 425232 547180 0 0 533732 118500 118500 45609 45609 6754 6754 18009 18009 38398 38398 62 62 3032 3032 484 484 3854 3854 TELEPHONE 459 459 LICENSE & PERMITS 275 275 POSTAGE & DELIVERY 196 196 PRINTING & REPRODUCTION 52 52 235684 164109 71575 0 90966 16319 302187 441939 5500 3500 4104988 3681665 405484 393455 4909125 4536878 66000 72500 89925 94617 155925 167117 X 4189609 3942666 158107 33640 405484 393455 4753200 4369761 4909125 4536878 X 311496 -694934 -1 X 0 1 X 0 0 X X 1 JUNIOR ACHIEVEMENT INC 841267604 7 1 118500 0 1 118500 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 104317 0 0 0 93369 0 197686 0 0 0 0 0 0 0 197686 0 4256579 0 301379 0 0 0 4557958 0 0 0 0 4557958 0 68369 0 4489589 0 157136 0 0 0 157136 0 197686 168033 157136 168033 0 168033 164109 0 24173 0 0 0 188282 118500 168033 0.705 168033 0 0 0 0 0 0 188282 0 168033 20249 0 0 20249 0 20249 PART IV, SECTION A, LINE 1: THE FUNDS OF THE FOUNDATION SHALL BE EXPENDED IN THE INTERESTS OF JUNIOR ACHIEVEMENT, 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. PART IV, SECTION D, LINE 2: ACHIEVEMENT FOUNDATION BOARD MEMBER JACK KOSAKOWSKI IS THE PRESIDENT OF THE JUNIOR ACHIEVEMENT BOARD OF DIRECTORS WHICH IS THE SUPPORTED ORGANIZATION RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 405482 -12027 393455 378918 26564 405482 367702 11216 378918 385471 -17769 367702 354130 31341 385471 1 0 0 PERPETUAL TRUST HELD BY HORACE A. MOSES 257491 F ESTATE OF S. BAYARD COLGATE 113853 F ESTATE OF ERNEST W. WOOD 22111 F 393455 SCHOLARSHIPS PAYABLE 94617 94617 X -147755 -694935 -694935 547180 0 547180 235684 0 235684 0 235684 PART V, LINE 4: THE FUNDS ARE USED FOR THE EXPANSION OF THE WORK OF JUNIOR ACHIEVEMENT 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)(4) 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, 2015 AND 2014, 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. 1 JA OF CENTRAL FLORIDA 841267604 7500 SUPPORT OF EDUCATIONAL PROGRAMS JA OF WESTERN KENTUCKY 841267604 10000 SUPPORT OF EDUCATIONAL PROGRAMS JA OF GREATER SAINT LOUIS 841267604 10000 SUPPORT OF EDUCATIONAL PROGRAMS JA OF NORTHERN INDIANA 841267604 7500 SUPPORT OF EDUCATIONAL PROGRAMS JA OF KENTUCKIANA 841267604 10000 SUPPORT OF EDUCATIONAL PROGRAMS JA OF SOUTHWESTERN INDIANA 841267604 10000 SUPPORT OF EDUCATIONAL PROGRAMS JA OF SOUTH DAKOTA 841267604 10000 SUPPORT OF EDUCATIONAL PROGRAMS JA OF NORTHERN CALIFORNIA 841267604 10000 SUPPORT OF EDUCATIONAL PROGRAMS JA OF WESTERN PENNSYLVANIA 841267604 10000 SUPPORT OF EDUCATIONAL PROGRAMS JA OF CENTRAL MARYLAND 841267604 10000 SUPPORT OF EDUCATIONAL PROGRAMS JA OF ROCKY MOUNTAINS 841267604 5000 SUPPORT OF EDUCATIONAL PROGRAMS JA OF ALASKA 841267604 6000 SUPPORT OF EDUCATIONAL PROGRAMS YOUTHBIZ INC 841212586 6000 SUPPORT OF EDUCATIONAL PROGRAMS SUPPORT OF EDUCATIONAL PROGRAMS SUPPORT OF EDUCATIONAL PROGRAMS CHELSEA COOK, UNIVERSITY OF MIAMI 1 2000 JOSUEL PLASENCIA, BABSON COLLEGE 1 5000 TERRY LIN, UNIVERSITY OF PENSYLVANIA 1 1000 WILHELM THURSTON, UNIVERSITY OF MISSOURI 1 2000 JENNA RACHEL KAHN, UNIVERSITY OF GEORGIA 1 1000 GREGORY LOMSADZE, YALE UNIVERSITY 1 5000 ZACHARY TERZIC, UNIVERSITY OF DENVER 1 5000 BILAL GUTU, DARTMOUTH COLLEGE 1 1000 SHANEL STEWART, MISSISSIPPI STATE UNIVERSITY 1 1000 MIA ROHR, JOHN PAUL THE GREAT CATHOLIC UNIVERSITY 1 5000 NICHOLAS WELTHY, AMERICAN UNIVERSITY 1 5000 CHRYSTINA CHENG, UNIVERSITY OF DENVER 1 2500 ERICA WILLIAMS, UNIVERSITY OF GEORGIA 1 2000 SHONTEL STEWART, UNIVERSITY OF GEORGIA 1 2000 SARA HOJJAITE, GEORGIA INSTITUTE OF TECHNOLOGY 1 2000 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 AMERICAN COUNCIL OF ENGINEERING COMPANIES OF CONNECTICUT TO PROVIDE ADMINISTRATIVE SERVICES TO THE FOUNDATION. PAUL BRADY SERVES AS EXECUTIVE DIRECTOR OF THE FOUNDATION UNDER THIS CONTRACT. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS ELECT THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B YES. VARIOUS DECISONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11 A DRAFT IS EMAILED TO THE ENTIRE BOARD FOR THEIR REVIEW. THE FINAL VERSION IS REVIEWED BY THE EXECUTIVE DIRECTOR AND TREASURER PRIOR TO SIGNATURE. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER AND EXECUTIVE DIRECTO SIGNS A COPY OF THE POLICY EACH YEAR AND IT IS REPORTED AT A BOARD MEETING. FORM 990, PART VI, SECTION C, LINE 19 UPON WRITTEN, IN PERSON OR E-MAIL REQUEST, THE ORGANIZATION WILL SEND COPIES OF TAX RETURNS, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS. FORM 990, PART XI, LINE 9: ROUNDING -1.