2013-02-15T15:11:01-06:00 2012-06-30 111986323 MARCUM LLP 53 STATE STREET FLOOR 38 BOSTON MA 02109 990 2011-07-01 136130107 ACHIEVEMENT FOUNDATION INC ACHI 8606130315 460 SMITH STREET NO K MIDDLETOWN CT 06457 WILLIAM ANNECHINI 8606130315 2013-02-11 1 DOUGLAS FARRINGTON P00370668 6177429666 2011 2016-03-07 17:11:31Z PAUL BRADY 460 SMITH STREET MIDDLETOWN CT 06457 1782480 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. 11 11 0 11 0 0 13670 15407 0 0 224364 221632 0 0 238034 237039 314011 144986 0 0 0 0 0 0 0 71319 63332 385330 208318 -147296 28721 4343766 3847428 149236 169439 4194530 3677989 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 88500 88500 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. 56486 56486 THE FOUNDATION MAKES TWO SCHOLARSHIP PROGRAMS AVAILABLE TO GRADUATES OF JUNIOR ACHIEVEMENT HIGH SCHOOL PROGRAMS. 144986 1 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 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 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X PAUL BRADY 8606130315 460 SMITH STREET SUITE K MIDDLETOWN CT 06457 X ALFRED LEE BRIGHT 1.00 X 0 0 0 MIKE HANNIGAN JR 1.00 X 0 0 0 NORMAN FLEMING 1.00 X 0 0 0 R CHADWICK PAUL JR 1.00 X X 0 0 0 CHRIS WHITE 1.00 X 0 0 0 CAROL MOZAK-WOLFF 1.00 X 0 0 0 WILLIAM ANNECHINI 1.00 X X 0 0 0 ANTHONY SCHOPP 1.00 X 0 0 0 JACK KOSAKOWSKI 1.00 X 0 0 0 KURT SNYDER 1.00 X 0 0 0 0 0 0 0 0 0 0 0 15407 15407 99652 99652 1667421 1545441 121980 121980 121980 237039 0 0 221632 88500 88500 56486 56486 6566 6566 33756 33756 10000 10000 745 745 454 454 3049 3049 391 391 7708 7708 LICENSE & PERMITS 260 260 PRINTING & REPRODUCTION 200 200 TELEPHONE 188 188 POSTAGE & DELIVERY 148 148 -133 -133 208318 144986 63332 0 4304 79165 131800 4656 14250 11250 3943904 3520618 249508 231739 4343766 3847428 70000 66000 79236 103439 149236 169439 X 3357227 2986717 451832 323570 385471 367702 4194530 3677989 4343766 3847428 X 28721 -545261 X 0 1 1 X 0 X X X 0 0 0 JUNIOR ACHIEVEMENT INC 841267604 12 0 1 1 88500 1 88500 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 385471 -17769 367702 354130 31341 385471 343931 10199 354130 430273 -86342 343931 1.00000 1 0 0 PERPETUAL TRUST HELD BY THIRD PARTY 231739 F 231739 SCHOLARSHIPS PAYABLE 103439 103439 237039 208318 28721 -545261 -545261 -516540 -308222 -545261 -545261 237039 0 237039 208319 0 208319 0 208319 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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. UNCERTAIN TAX POSITIONS THE ASSOCIATION ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A "CUMULATIVE PROBABILITY ASSESSMENT" THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. THE ASSOCIATION HAS IDENTIFIED ITS TAX STATUS AS A TAX-EXEMPT ENTITY AS A TAX POSITION; HOWEVER, THE ASSOCIATION HAS DETERMINED THAT SUCH A TAX POSITION DOES NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. THE ASSOCIATION IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURIDICTION. THE ASSOCIATION'S FEDERAL AND STATE TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THREE YEARS FOLLOWING THE DATE FILED. 1 JA OF GEORGIA 841267604 10000 SUPPORT OF EDUCATIONAL PROGRAMS JA OF UPPER MIDWEST 841267604 10000 SUPPORT OF EDUCATIONAL PROGRAMS JA OF WESTERN CONNECTICUT 841267604 20000 SUPPORT OF EDUCATIONAL PROGRAMS JUNIOR ACHIEVEMENT ROCKY MOUNTAINS 841267604 10000 SUPPORT OF EDUCATIONAL PROGRAMS JA OF GREATER DALLAS 841267604 7500 SUPPORT OF EDUCATIONAL PROGRAMS JA OF CENTRAL ILLINOIS 841267604 10000 SUPPORT OF EDUCATIONAL PROGRAMS JA OF SACRAMENTO INC 841267604 15000 SUPPORT OF EDUCATIONAL PROGRAMS JA OF NORTHERN INDIANA 841267604 10000 SUPPORT OF EDUCATIONAL PROGRAMS MARGARET RODRIGUEZ, UNIVERSITY OF PENNSYLVANIA 5000 AARON RUDY, SYRACUSE UNIVERSITY 5000 STANLEY CHIANG, EMORY UNIVERSITY 5000 DANIEL HAARBURGER, STANFORD UNIVERSITY 5000 GEORGLY LOMSADZE, YALE UNIVERSITY 5000 ZACHARY TERZIC, UNIVERSITY OF DENVER 5000 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 OF THE 990 IS REVIEWED BY THE BOARD. THE FINAL VERSION IS REVIEWED BY THE EXECUTIVE DIRECTOR AND TREASURER PRIOR TO SIGNATURE. FORM 990, PART VI, SECTION B, LINE 12C DISCUSSED AT ANNUAL MEETING. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO FOR INSPECTION AT OUR OFFICE AT 460 SMITH ST, SUITE K, MIDDLETOWN, CT CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -545,261.