Junior Achievement Of Southern Massachusetts
- Assets
- $375.8k
- Revenue
- $554.3k
- Investments
- $0.0
- Employees
- 5
- Location
- New Bedford, MA
- Founding
- 05/1994
- Data as of
- 06/2022
- EIN
- 04-3193575
Organization Overview
Junior Achievement Of Southern Massachusetts is located in New Bedford, MA. 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 06/2022, Junior Achievement Of Southern Massachusetts employed 5 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Junior Achievement Of Southern 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 06/2022, Junior Achievement Of Southern Massachusetts generated $554.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $491.7k during the year ending 06/2022. While expenses have increased by 12.9% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
JUNIOR ACHIEVEMENT OF SOUTHERN MASSACHUSETTS INSPIRES AND PREPARES YOUNG PEOPLE TO SUCCEED IN THE GLOBAL ECONOMY. OUR VOLUNTEER-DELIVERED, EXPERIENTIAL PROGRAMS GIVE STUDENTS KNOWLEDGE AND SKILLS IN FINANCIAL LITERACY, WORK READINESS AND ENTREPRENEURSHIP. JUNIOR ACHIEVEMENT HELPS TO ENHANCE THE RELEVANCE OF STUDENTS' CLASSROOM LEARNING AND INCREASE THEIR UNDERSTANDING OF THE VALUE OF STAYING IN AND EXCELLING AT SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FACILITATED PROGRAMS FOR BUSINESS EDUCATION CONDUCTED 306 LEARNING EXPERIENCES, REACHING 6,256 STUDENTS FOR 36,359 EDUCATIONAL CONTACT HOURS. JUNIOR ACHIEVEMENT ALSO PROVIDES INNOVATIVE FINANCIAL LITERACY, CAREER READINESS AND ENTREPRENEURSHIP PROGRAMS OUTSIDE OF THE CLASSROOM INCLUDING OUR TITAN BUSINESS CHALLENGE PROGRAM FOR HIGH SCHOOL SENIORS WHICH PREPARES THEM FOR SUCCESS IN THE BUSINESS WORLD AND OUR SPARK PROGRAM FOR MIDDLE SCHOOL GIRLS WHICH BUILDS LEADERSHIP SKILLS AND PREPARES THEM TO BE FUTURE ENTREPRENEURS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Pelletier President | Officer | 40 | $85,682 |
Michael Patacao Chair | OfficerTrustee | 2.5 | $0 |
Nathan Araujo Immediate Past Chair | OfficerTrustee | 2.5 | $0 |
Willitts Mendonca Vice Chair | OfficerTrustee | 2.5 | $0 |
Vernon Miles Exec Committee At Large | OfficerTrustee | 2.5 | $0 |
Robert Fregault Secretary | OfficerTrustee | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $91,545 |
| All other contributions, gifts, grants, and similar amounts not included above | $462,590 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $554,135 |
| Total Program Service Revenue | $0 |
| Investment income | $181 |
| 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 | $554,316 |
| 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. | $96,497 |
| Compensation of current officers, directors, key employees. | $12,545 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $164,773 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,651 |
| Payroll taxes | $20,683 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,518 |
| Fees for services: Accounting | $24,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $19,890 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,081 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,232 |
| Interest | $0 |
| Payments to affiliates | $38,201 |
| Depreciation, depletion, and amortization | $1,319 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $491,655 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $338,484 |
| Pledges and grants receivable | $35,000 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,348 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $375,832 |
| Accounts payable and accrued expenses | $24,397 |
| 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 | $0 |
| Total liabilities | $24,397 |
| Net assets without donor restrictions | $273,782 |
| Net assets with donor restrictions | $77,653 |
| 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 | $375,832 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Junior Achievement Of Southern Massachusetts has recieved totaling $190,905.
| Awarding Organization | Amount |
|---|---|
Carney Family Charitable Foundation Bridgewater, MA PURPOSE: EDUCATION | $50,000 |
Greater Fall River Development Corporation Fall River, MA PURPOSE: FINANCIAL LITERACY, CAREER READINESS AND ENTREPRENEURSHIP/GENERAL FUND | $35,000 |
Horace A Moses Trust U Ind 10109278002 Pittsburgh, PA PURPOSE: GENERAL OPERATING | $20,000 |
Cla Foundation Minneapolis, MN PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
Thomas A Rodgers Jr Family Foundation Newport, RI PURPOSE: SCHOLARSHIPS | $15,000 |
Robert F Stoico Firstfed Charitable Foundation Swansea, MA PURPOSE: EXEMPT PURPOSE | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Polish-American Freedom Foundation New York, NY | $332,912,578 | $20,651,430 |
Omidyar-Tufts Microfinance Fund Somerville, MA | $114,828,830 | -$1,213,909 |
Dress For Success Worldwide New York, NY | $9,765,263 | $14,118,582 |
Endeavor Global Inc New York, NY | $17,758,887 | $22,239,624 |
Financial Services Volunteer Corps Inc New York, NY | $4,338,276 | $8,058,219 |
Romanian American Foundation New York, NY | $151,764,693 | $36,392,050 |
Nest Inc New York, NY | $5,296,909 | $4,810,117 |
Cerge-Ei Foundation New York, NY | $13,211,124 | $3,287,220 |
Junior Achievement Of New York New York, NY | $4,177,610 | $3,603,746 |
Junior Achievement Of Greater Boston Inc Boston, MA | $2,896,719 | $2,830,681 |
Junior Achievement Of Southwest New England Hartford, CT | $5,344,034 | $2,331,852 |
Shared Interest Inc New York, NY | $15,315,615 | $1,510,190 |