2014-11-10T11:14:41-06:00 2014-06-30 420714325 MCGLADREY LLP 1 S WACKER DRIVE STE 800 CHICAGO IL 60606 990 2013-07-01 362170141 Junior Achievement of Chicago JUNI 3127151300 651 West Washington No 404 Chicago IL 60661 Sandra L Daffe' President 3127151300 2014-10-13 1 Wayne Harder P00294296 3126343400 2013 2015-11-30 17:44:51Z Sandra L Daffe' 651 West Washington No 404 Chicago IL 60661 9846814 0 1116 X www.jachicago.org X 1940 IL To inspire and prepare young people to succeed in a global economy. 128 127 80 11448 0 0 5686575 6999591 0 0 577952 876084 -46603 -94647 6217924 7781028 111000 101500 0 0 3939987 4290612 0 0 574840 2329207 2407370 6380194 6799482 -162270 981546 12694954 14782483 890108 1062571 11804846 13719912 To inspire and prepare young people to succeed in a global economy. 0 0 5255543 101500 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 2013-2014 school year, Junior Achievement of Chicago served 484,239 students in 22,914 classrooms throughout the Chicagoland area. 5255543 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 80 1 0 0 0 0 0 1 1 0 0 0 0 X 128 127 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 387131 0 139435 Patty Albo Director 1.00 X 0 0 0 Charles M Allen Director 0.30 X 0 0 0 Constantine Alexandrakis Director 1.00 X 0 0 0 Bruce Anderson Director 0.30 X 0 0 0 Richard W Ashley Director 1.00 X 0 0 0 Steve Battreall Director 1.00 X 0 0 0 Thomas L Bindley Director 1.00 X 0 0 0 Steven E Brady Director 0.30 X 0 0 0 Catherine S Brune Director 1.00 X 0 0 0 Francis X Buckley Jr Director 1.00 X 0 0 0 Barbara Byrd-Bennett Director 1.00 X 0 0 0 Alex Campbell Director 1.00 X 0 0 0 Neal Campbell Director 1.00 X 0 0 0 Michele Carlin Director 1.00 X 0 0 0 Jeffrey Childs Director 0.30 X 0 0 0 Robert B Chodos Director 1.00 X 0 0 0 Sheila Clary Director 0.30 X 0 0 0 John J Compernolle Director 0.30 X 0 0 0 James C Cotting Director 1.00 X 0 0 0 Bryan C Cressey Director 1.00 X 0 0 0 Marsha Cruzan Director 0.30 X 0 0 0 Christopher B Curtis Director 0.30 X 0 0 0 Ghram Debes Director 0.30 X 0 0 0 Patrice P DeCorrevont Director 0.30 X 0 0 0 Thomas M Detelich Director 0.30 X 0 0 0 James C Dowdle Director 1.00 X 0 0 0 Charles B Edelstein Director 1.00 X 0 0 0 Melissa Erhardt Director 0.30 X 0 0 0 Daniel P Fallon Director 0.30 X 0 0 0 Deborah Olivia Farmer Director 1.00 X 0 0 0 W James Farrell Director 1.00 X 0 0 0 David Fine Director 1.00 X 0 0 0 Kristen P Freund Director 0.30 X 0 0 0 Michael M Froy Secretary 1.00 X X 0 0 0 David J Geary Director 0.30 X 0 0 0 Pantelis A Georgiadis Director 1.00 X 0 0 0 John R Golden Director 0.30 X 0 0 0 Stephen J Grabek Director 0.30 X 0 0 0 Stedman Graham Director 0.30 X 0 0 0 Adam C Graves Director 0.30 X 0 0 0 Paul Green Director 1.00 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 Steve M Hatch Director 0.30 X 0 0 0 Thomas J Healy 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 0.30 X 0 0 0 John R Horne Director 0.30 X 0 0 0 Dennis Howarter Treasurer 1.00 X X 0 0 0 Bob Hubberts 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 1.00 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 John Kujawa Director 0.30 X 0 0 0 Jeff Langenbach Director 0.30 X 0 0 0 Kurt Laufer Director 0.30 X 0 0 0 F David Leiter Director 1.00 X 0 0 0 Brian Leonard Director 0.30 X 0 0 0 Robert A Livingston Director 1.00 X 0 0 0 D Rick Lowes 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 Ann M McHale Director 0.30 X 0 0 0 Stephen McLaughlin Director 1.00 X 0 0 0 Elaine Melonides Director 1.00 X 0 0 0 Lou Meshulam Director 0.30 X 0 0 0 Carla R Michelotti Director 1.00 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 1.00 X 0 0 0 Heather A Mooney Director 0.30 X 0 0 0 Brian Morgan Director 0.30 X 0 0 0 Eugene Morris Director 0.30 X 0 0 0 William L Morrison Director 1.00 X 0 0 0 Michael Murray III Director 0.30 X 0 0 0 William A Mynatt Jr Director 0.30 X 0 0 0 David W Nelms Chairman 1.00 X X 0 0 0 Stephen R Nesbitt Director 1.00 X 0 0 0 John D Nichols III Director 1.00 X 0 0 0 Larry P Nieman 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 Robert L Parkinson Jr Director 1.00 X 0 0 0 J David Pepper Director 1.00 X 0 0 0 Craig S Peters Director 0.30 X 0 0 0 Bruce J Piller 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 Camille Popiolek Director 0.30 X 0 0 0 Frank S Ptak Director 1.00 X 0 0 0 Paul E Purcell Director 1.00 X 0 0 0 Zain Raj Director 0.30 X 0 0 0 Kathi M Regas Director 0.30 X 0 0 0 Thomas E Richards Vice Chairman 1.00 X X 0 0 0 Mark Roche Director 0.30 X 0 0 0 Patrick Roxworthy Director 0.30 X 0 0 0 Gale E Sayers Director 0.30 X 0 0 0 Katherine M Scherer Director 1.00 X 0 0 0 Nicole R Schmied Director 0.30 X 0 0 0 Rod Schrader Director 0.30 X 0 0 0 Joy Schwartz Director 0.30 X 0 0 0 Michael Scimo Director 0.30 X 0 0 0 Rex L Sessions Director 0.30 X 0 0 0 Stephen E Sheridan Director 0.30 X 0 0 0 Luis M Sierra Director 1.00 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 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 0.30 X 0 0 0 Harvey Walden III Director 1.00 X 0 0 0 John H Walker 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 Steven 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 158700 0 25240 Maria Ramos VP, City Operations 38.00 X 123398 0 35732 Peter Truschke VP, Suburban Operations 38.00 X 109135 0 33497 Derek Ernst VP, Suburban Operations 38.00 X 118237 0 18443 896601 0 252347 5 0 1 0 0 1454776 5544815 103617 6999591 303077 303077 2386628 1813621 573007 573007 573007 150826 1454776 252165 -101339 -101339 6692 6692 6692 7781028 6692 0 774745 101500 101500 710504 546507 86539 77458 2675649 2058059 325894 291696 380121 292382 46299 41440 316216 243228 38515 34473 208122 160084 25349 22689 32415 32415 71309 71309 70974 30651 10280 30043 136075 108556 16290 11229 39559 29308 6361 3890 171885 117956 34201 19728 171401 152914 13076 5411 28280 17634 6543 4103 133173 133173 93869 93869 117482 88112 17622 11748 Program Printing 1278071 1278071 Maintenance & Cleaning 39074 29305 7060 2709 23803 1276 4304 18223 6799482 5255543 969099 574840 12952 334786 623793 787716 227321 304258 3367 8209 262967 267773 10500 13000 552406 394688 144342 157718 11231411 12689721 178301 219302 12694954 14782483 436586 595683 27721 26721 247500 220865 178301 219302 890108 1062571 X 11674846 13589912 130000 130000 11804846 13719912 12694954 14782483 981546 933520 0 X 0 1 X 1 0 X 3783967 5817400 5417309 5686575 6999591 27704842 3783967 5817400 5417309 5686575 6999591 27704842 3528670 24176172 234376 282416 323032 339080 303077 1481981 29186823 3838013 0.82830 0.81210 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9149655 952444 1722589 6000 900000 10918688 8513544 2351 1339760 6000 700000 9149655 8210442 1038141 137228 6000 800000 66267 8513544 7004520 985 1779516 6000 500000 68579 8210442 6592108 43 986607 6000 500000 68238 7004520 0.98810 0.01190 0 0 485226 368988 116238 67180 25700 41480 157718 Sec. 457(b) Plan Deferred Compensation 219302 219302 X 9549048 933520 30000 900000 1863520 7685528 95500 95500 7781028 7633982 30000 900000 930000 6703982 95500 95500 6799482 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, 2014 or 2013. 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 2011 and subsequent years are subject to examination by the Internal Revenue Service. Part XI, Line 2d - Other Adjustments: Release of Board Designated Endowments 900,000. Part XI, Line 4b - Other Adjustments: Contributions Restricted for Scholarships to Students 95,500. Part XII, Line 2d - Other Adjustments: Release of Board Designated Endowments 900,000. Part XII, Line 4b - Other Adjustments: Contributions Restricted for Scholarships to Students 95,500. Bowl-A-Thon 602979 596691 6288 800 5489 57909 13509 Golf Event 416016 353800 62216 1815 55281 25836 2462 2 586607 504285 82322 124 45129 27628 16183 1605602 1454776 150826 800 7428 158319 53464 32154 252165 -101339 1 Scholarships 16 101500 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 0 0 0 0 0 0 0 0 0 Sandra L Daffe' President 336113 0 32000 0 19018 0 126583 0 12852 0 526566 0 0 0 Thomas Staab Senior Vice President of Development 132750 0 25800 0 150 0 24726 0 514 0 183940 0 0 0 Maria Ramos VP, City Operations 105668 0 17490 0 240 0 19650 0 16082 0 159130 0 0 0 X 4 103617 Mean Stock Price 0 0 1 Part I, Column (b): There were 4 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 on-line board portal. A final copy is then filed with the IRS. Form 990, Part VI, Section B, line 12c 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. Part VI, 12A - 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.) 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.