Junior Achievement Of Maine Inc
- Assets
- $1.0m
- Revenue
- $796.6k
- Investments
- $0.0
- Employees
- 7
- Location
- Portland, ME
- Founding
- 05/1994
- Data as of
- 06/2023
- EIN
- 01-0275159
Organization Overview
Junior Achievement Of Maine Inc is located in Portland, ME. The organization was established in 1994. According to its NTEE Classification (Q32) the organization is classified as: International Economic Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2023, Junior Achievement Of Maine Inc employed 7 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Junior Achievement Of Maine Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Junior Achievement Of Maine Inc generated $796.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $744.6k during the year ending 06/2023. While expenses have increased by 12.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
JUNIOR ACHIEVEMENT OF MAINE PROACTIVELY PARTNERS WITH BUSINESSES, NON-PROFITS, AND EDUCATORS TO CREATE AND DELIVER QUALITY DRIVEN, IMPACTFUL, RELEVANT EXPERIENCES TO KINDERGARTEN -12TH GRADE STUDENTS STATEWIDE, RESULTING IN ECONOMICALLY SELF-SUFFICIENT CITIZENS CAPABLE OF LEADING CHOICE-FILLED LIVES. COMMUNITY VOLUNTEERS BRING JA'S INNOVATIVE PROGRAMS TO LIFE, ADDING IN THEIR UNIQUE LIFE AND WORK EXPERIENCE TO THE LESSONS, AND INSPIRING AND PREPARING STUDENTS TO MAKE CONNECTIONS BETWEEN WHAT THEY ARE LEARNING IN SCHOOL TO A FUTURE CAREER PATH. DURING FY22, JA CONTINUED TO PIVOT THEIR RESOURCES AND MODEL TO HELP EDUCATORS, PARENTS, AND STUDENTS NAVIGATE THE WORLD OF DISTANCE-LEARNING. THEY CONTINUE TO DEVELOP AND ENHANCE THEIR LEARNING EXPERIENCES FOR IN PERSON AND VIRTUAL DELIVERY TO MEET THE CHANGING NEEDS IN EDUCATION, SO STUDENTS CAN CONTINUE TO GAIN SKILLS AND COMPETENCES IN WORK AND CAREER READINESS, FINANCIAL DECISION MAKING, AND ENTREPRENEURIAL MINDSET. ALL LEARNING EXPERIENCES ARE DELIVERED BY VOLUNTEER MENTORS WHO HELP RAISE ASPIRATIONS AND EMPOWER STUDENTS TO PLAN FOR SUCCESSFUL FUTURES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Colleen Mccracken Board Chair | OfficerTrustee | 1 | $0 |
Robert Banaski Vice Chair | OfficerTrustee | 1 | $0 |
Tom Morgan Secretary | OfficerTrustee | 1 | $0 |
Cheryl Rogers Treasurer | OfficerTrustee | 1 | $0 |
Jaime Berg Director | OfficerTrustee | 1 | $0 |
Al Bugbee Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $250,166 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $534,310 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $784,476 |
| Total Program Service Revenue | $0 |
| Investment income | $12,163 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $796,639 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $105,025 |
| Compensation of current officers, directors, key employees. | $21,005 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $320,707 |
| Pension plan accruals and contributions | $6,714 |
| Other employee benefits | $37,886 |
| Payroll taxes | $32,536 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,862 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $43,428 |
| Advertising and promotion | $9,837 |
| Office expenses | $12,756 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,260 |
| Travel | $17,222 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $79,761 |
| Depreciation, depletion, and amortization | $4,836 |
| Insurance | $4,594 |
| All other expenses | $0 |
| Total functional expenses | $744,574 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $957,933 |
| Pledges and grants receivable | $12,162 |
| Accounts receivable, net | $10,960 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,305 |
| Net Land, buildings, and equipment | $1,636 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $36,430 |
| Total assets | $1,029,426 |
| Accounts payable and accrued expenses | $75,199 |
| Grants payable | $0 |
| Deferred revenue | $55,587 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $37,870 |
| Total liabilities | $168,656 |
| Net assets without donor restrictions | $779,770 |
| Net assets with donor restrictions | $81,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,029,426 |