Junior Achievement Of The Michigan Great Lakes
- Assets
- $14.8m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 27
- Location
- Grand Rapids, MI
- Founding
- 05/1994
- Data as of
- 06/2021
- EIN
- 38-1557861
Organization Overview
Junior Achievement Of The Michigan Great Lakes is located in Grand Rapids, MI. 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 06/2021, Junior Achievement Of The Michigan Great Lakes employed 27 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Junior Achievement Of The Michigan Great Lakes 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 06/2021, Junior Achievement Of The Michigan Great Lakes generated $3.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $1.6m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE BUSINESS EDUCATION TO STUDENTS, GRADES K-12.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JUNIOR ACHIEVEMENT PROVIDES BUSINESS EDUCATION TO STUDENTS GRADE K-12 IN OUR FRANCHISE AREA. OVER 63,000 STUDENTS ATTEND THESE CLASSES, AND ARE PROVIDED BUSINESS LEADERSHIP TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Coderre III President | Officer | 40 | $223,892 |
Jay Edger Senior VP De | 40 | $106,210 | |
James Nicholson Vice Chair | OfficerTrustee | 1 | $0 |
Joe Tomaszewski Immediate Pa | OfficerTrustee | 1 | $0 |
John Maynard Vice Chair | OfficerTrustee | 1 | $0 |
Kevin Patterson Vice Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Erhardt Construction Construction | 6/29/21 | $3,355,038 |
Junior Achievement Usa Program Srvc | 6/29/21 | $125,669 |
Integrated Architecture Construction | 6/29/21 | $236,803 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,474,378 |
| Investment income | $50,879 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $92,818 |
| Net Gain/Loss on Asset Sales | -$20,498 |
| Net Income from Fundraising Events | -$130,549 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,467,028 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $5,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $428,581 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $552,914 |
| Pension plan accruals and contributions | $26,528 |
| Other employee benefits | $83,570 |
| Payroll taxes | $73,013 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,840 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $6,948 |
| Fees for services: Investment Management | $7,998 |
| Fees for services: Other | $46,072 |
| Advertising and promotion | $0 |
| Office expenses | $25,370 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $107,026 |
| Travel | $9,075 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $558 |
| Interest | $151 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,498 |
| Insurance | $22,301 |
| All other expenses | $0 |
| Total functional expenses | $1,581,494 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $999,474 |
| Savings and temporary cash investments | $57,609 |
| Pledges and grants receivable | $3,085,107 |
| 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 | $37,497 |
| Prepaid expenses and deferred charges | $12,456 |
| Investments—publicly traded securities | $2,046,165 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $122,745 |
| Total assets | $14,841,106 |
| Accounts payable and accrued expenses | $907,670 |
| Grants payable | $9,250 |
| Deferred revenue | $267,170 |
| 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 | $136,905 |
| Total liabilities | $1,320,995 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $13,520,111 |
Grants Recieved
Over the last fiscal year, we have identified 26 grants that Junior Achievement Of The Michigan Great Lakes has recieved totaling $1,010,827.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $353,500 |
Douglas & Maria Devos Foundation Grand Rapids, MI PURPOSE: CAPITAL CAMPAIGN | $125,000 |
Communtiy Foundation Of The Holland Zeeland Area Holland, MI PURPOSE: GENERAL SUPPORT | $100,000 |
The Greenville Area Community Foundation Greenville, MI PURPOSE: VARIOUS | $70,000 |
Peter C And Emajean Cook Foundation Grand Rapids, MI PURPOSE: CAPITAL CAMPAIGN | $62,500 |
Delta Dental Plan Of Michigan Okemos, MI PURPOSE: CHARITABLE DONATION | $44,500 |
Endowment Analysis
| Beg. Balance | $94,710 |
| Earnings | $28,708 |
| Admin Expense | $673 |
| Ending Balance | $122,705 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
William Davidson Institute At The University Of Michigan School Of B Ann Arbor, MI | $55,197,050 | $3,759,607 |
Junior Achievement Of Northern Indiana Fort Wayne, IN | $7,556,619 | $6,668,651 |
Partners Worldwide Grand Rapids, MI | $17,150,943 | $6,035,983 |
Junior Achievement Of Wisconsin Inc Milwaukee, WI | $25,670,610 | $3,770,604 |
Junior Achievement Of Central Indiana Indianapolis, IN | $5,835,841 | $2,240,758 |
Junior Achievement Of Central Ohio Columbus, OH | $1,469,613 | $2,217,232 |
Junior Achievement Usa Detroit, MI | $4,097,069 | $1,987,873 |
Junior Achievement Of The Michigan Great Lakes Grand Rapids, MI | $14,841,106 | $3,467,028 |
Social Promise Inc Greencastle, IN | $1,790,327 | $2,361,095 |
Mexico Mennonite Aid Nappanee, IN | $2,423,507 | $1,457,665 |
Global Gifts Inc Indianapolis, IN | $642,225 | $1,116,551 |
Junior Achievement Of Oki Partners Cincinnati, OH | $1,109,142 | $1,438,237 |