Junior Achievement Of Memphis And The Mid-South
- Assets
- $8.4m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 36
- Location
- Cordova, TN
- Founding
- 05/1994
- Data as of
- 06/2024
- EIN
- 62-0549549
Organization Overview
Junior Achievement Of Memphis And The Mid-South is located in Cordova, TN. 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 06/2024, Junior Achievement Of Memphis And The Mid-South employed 36 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Junior Achievement Of Memphis And The Mid-South 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 06/2024, Junior Achievement Of Memphis And The Mid-South generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $2.9m during the year ending 06/2024. While expenses have increased by 14.3% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE AND INSPIRE YOUNG PEOPLE TO VALUE FREE ENTERPRISE, BUSINESS AND ECONOMICS TO IMPROVE THE QUALITY OF THEIR LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JA BIZTOWN COMBINES IN-CLASS LEARNING WITH A DAY-LONG VISIT TO A SIMULATED TOWN. THIS PROGRAM ALLOWS ELEMENTARY AND MIDDLE SCHOOL STUDENTS TO OPERATE BANKS, MANAGE BUSINESSES, WRITE CHECKS, AND VOTE FOR MAYOR. THE PROGRAM HELPS STUDENTS CONNECT THE DOTS TO WHAT THEYLEARN IN SCHOOL AND THE REAL WORLD. JA BIZTOWN HAS BEEN SERVING THEMID-SOUTH SINCE 2003 AND HAS BOTH A MOBILE UNIT AND A NEW EXPERIENTIAL LEARNING CENTER OPENING IN SPRING OF 2023 THAT WILL GIVE THE 25COUNTIES WE SERVE MULTIPLE OPTIONS FOR DELIVERY.
JA FINANCE PARK: IMAGINE YOU'RE A 27-YEAR-OLD SINGLE PARENT EARNING $25,000 A YEAR AS AN OFFICE ASSISTANT, OR PERHAPS YOU'RE A 35-YEAR-OLDREGIONAL MANAGER MAKING $65,000 ANNUALLY. HOW WILL YOU MANAGE YOURMONEY? AT JA FINANCE PARK, WHATEVER ROLE STUDENTS ARE ASSIGNED, THEYDEVELOP LIFELONG FINANCIAL SKILLS THROUGH THE PROGRAM'S SIMULATED EXPERIENCES. JA FINANCE PARK IS OFFERED VIRTUALLY, ON SITE AT SCHOOLS,OR IN OUR NEW EXPERIENTIAL LEARNING CENTER OPENED IN SPRING OF 2023.
JA INSPIRE IS A UNIQUE CAREER EXPLORATION FAIR FOR EIGHTH GRADE STUDENTS ACROSS MEMPHIS AND THE MID-SOUTH. THIS EDUCATIONAL EVENT ISDESIGNED FOR STUDENTS TO RECEIVE HANDS-ON LEARNING EXPERIENCES FROMINDUSTRY EXPERTS THAT HIGHLIGHT FAST-GROWING CAREERS AND EMERGINGTECHNOLOGIES IN OUR LOCAL ECONOMY. JA INSPIRE WILL BRING TOGETHER AVARIETY OF EMPLOYERS AND THOUSANDS OF STUDENTS TO CREATE AN IMMERSIVE EXPERIENCE THAT EXPOSES STUDENTS TO DIFFERENT CAREERS AND THE SKILLSNEEDED TO PURSUE A FUTURE IN THESE INDUSTRIES. JA INSPIRE IS BOTH AVIRTUAL AND IN-PERSON LEARNING EXPERIENCE FOR MIDDLE AND HIGH SCHOOLSTUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brandon Cooper Past Board Chair, Investment Committee Chair | OfficerTrustee | 3 | $0 |
Karen Koplon Corporate Secretary | OfficerTrustee | 3 | $0 |
Jason Campbell Treasurer | OfficerTrustee | 3 | $0 |
Adam King Chair, Audit Committee | OfficerTrustee | 3 | $0 |
Pearson Crutcher Chair, Community Engagement Committee | OfficerTrustee | 3 | $0 |
Kelly Lomax Board Chair | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $219,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,831,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,051,000 |
| Total Program Service Revenue | $170,480 |
| Investment income | $58,656 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $21,130 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $90,270 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,391,536 |
| 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. | $594,661 |
| Compensation of current officers, directors, key employees. | $95,145 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $622,837 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $58,260 |
| Payroll taxes | $83,756 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $75 |
| Fees for services: Accounting | $32,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $89,394 |
| Advertising and promotion | $312,326 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $137,636 |
| Travel | $86,526 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,116 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $336,995 |
| Insurance | $0 |
| All other expenses | $36,925 |
| Total functional expenses | $2,895,024 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,671,638 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $830,437 |
| 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 | $3,566,013 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,302,513 |
| Total assets | $8,370,601 |
| Accounts payable and accrued expenses | $203,493 |
| 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 | $1,275,888 |
| Total liabilities | $1,479,381 |
| Net assets without donor restrictions | $6,168,783 |
| Net assets with donor restrictions | $722,437 |
| 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 | $8,370,601 |