Junior Achievement Of Western Massachusetts
- Assets
- $418.1k
- Revenue
- $484.1k
- Investments
- $1.1k
- Employees
- 4
- Location
- Springfield, MA
- Founding
- 05/1994
- Data as of
- 06/2023
- EIN
- 04-2088304
Organization Overview
Junior Achievement Of Western Massachusetts is located in Springfield, MA. The organization was established in 1994. According to its NTEE Classification (O53) the organization is classified as: Youth Development - Business, under the broad grouping of Youth Development and related organizations. As of 06/2023, Junior Achievement Of Western Massachusetts employed 4 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Junior Achievement Of Western Massachusetts 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 Western Massachusetts generated $484.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.4%) each year. All expenses for the organization totaled $420.6k during the year ending 06/2023. 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
JUNIOR ACHIEVEMENT OF WESTERN MASSACHUSETTS IS PART OF THE WORLD'S LARGEST ORGANIZATION DEDICATED TO GIVING YOUNG PEOPLE THE KNOWLEDGE AND SKILLS THEY NEED TO OWN THEIR ECONOMIC SUCCESS, PLAN FOR THE FUTURE, AND MAKE SMART ACADEMIC AND ECONOMIC CHOICES. OUR FINANCIAL LITERACY, WORK READINESS AND ENTREPRENEURSHIP PROGRAMS EMPOWER STUDENTS TO MAKE A CONNECTION BETWEEN WHAT THEY LEARN IN SCHOOL AND HOW IT CAN BE APPLIED IN THE REAL WORLD. THIS ENHANCES THE RELEVANCE OF THEIR CLASSROOM LEARNING AND INCREASES THEIR UNDERSTANDING OF THE VALUE OF STAYING IN SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECONOMIC EDUCATION PROGRAMS TAUGHT IN SCHOOLS BY VOLUNTEERS FROM BUSINESSES TO OVER 12,000 STUDENTS IN ELEMENTARY, MIDDLE AND HIGH SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracey Alves-Lear Chair | OfficerTrustee | 1 | $0 |
Terrell Joyner Vice President | OfficerTrustee | 1 | $0 |
Cheri Mills Treasurer | OfficerTrustee | 1 | $0 |
Lena Buteau Secretary | OfficerTrustee | 1 | $0 |
Darlene Libiszewski Previous Co-Chair | Trustee | 1 | $0 |
Phil Goncalves Executive Committee Member-At-Large | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $390,466 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $390,466 |
| Total Program Service Revenue | $44,911 |
| Investment income | $4,239 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$156 |
| Net Income from Fundraising Events | $44,593 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $484,053 |
| 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. | $82,619 |
| Compensation of current officers, directors, key employees. | $12,393 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $127,563 |
| Pension plan accruals and contributions | $8,348 |
| Other employee benefits | $37,659 |
| Payroll taxes | $16,338 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,673 |
| Advertising and promotion | $0 |
| Office expenses | $9,180 |
| Information technology | $1,984 |
| Royalties | $0 |
| Occupancy | $31,445 |
| Travel | $270 |
| 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 | $32,912 |
| Depreciation, depletion, and amortization | $3,485 |
| Insurance | $1,131 |
| All other expenses | $1,784 |
| Total functional expenses | $420,629 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,452 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $50,230 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,044 |
| Prepaid expenses and deferred charges | $3,943 |
| Net Land, buildings, and equipment | $35,965 |
| Investments—publicly traded securities | $152,838 |
| Investments—other securities | $1,077 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $72,551 |
| Total assets | $418,100 |
| Accounts payable and accrued expenses | $33,132 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $58,924 |
| Total liabilities | $92,056 |
| Net assets without donor restrictions | $203,108 |
| Net assets with donor restrictions | $122,936 |
| 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 | $418,100 |