Junior Achievement Of Western Massachusetts
- Assets
- $260.9k
- Revenue
- $405.0k
- Investments
- $261.0
- Employees
- 7
- Location
- Springfield, MA
- Founding
- 05/1994
- Data as of
- 06/2022
- 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 06/2022, Junior Achievement Of Western Massachusetts employed 7 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 06/2022, Junior Achievement Of Western Massachusetts generated $405.0k 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 (9.8%) each year. All expenses for the organization totaled $350.1k during the year ending 06/2022. 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
SEE SCHEDULE O
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 |
|---|---|---|---|
Jennifer Connolly Executive Director | Officer | 40 | $78,000 |
Michael Healy Member | Officer | 1 | $0 |
Cherlynne Mills Treasurer | Officer | 1 | $0 |
Tracey Alves-Lear Chair | Officer | 1 | $0 |
Tanya Shut Secretary | Officer | 1 | $0 |
Jodie Gerulaitis Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $47,350 |
| All other contributions, gifts, grants, and similar amounts not included above | $285,679 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $333,029 |
| Total Program Service Revenue | $0 |
| Investment income | $1,343 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $70,617 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $404,989 |
| 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. | $78,000 |
| Compensation of current officers, directors, key employees. | $10,468 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $97,087 |
| Pension plan accruals and contributions | $6,827 |
| Other employee benefits | $28,825 |
| Payroll taxes | $14,101 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $511 |
| Fees for services: Accounting | $23,192 |
| 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 | $6,157 |
| Information technology | $2,410 |
| Royalties | $0 |
| Occupancy | $17,280 |
| Travel | $384 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $876 |
| Insurance | $4,257 |
| All other expenses | $4,173 |
| Total functional expenses | $350,128 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $110,642 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,726 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,650 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $9,450 |
| Investments—publicly traded securities | $132,137 |
| Investments—other securities | $261 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $260,866 |
| Accounts payable and accrued expenses | $15,795 |
| 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 | $15,795 |
| Net assets without donor restrictions | $101,135 |
| Net assets with donor restrictions | $143,936 |
| 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 | $260,866 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Junior Achievement Of Western Massachusetts has recieved totaling $3,650.
| Awarding Organization | Amount |
|---|---|
Easthampton Savings Foundation Easthampton, MA PURPOSE: EXEMPT PURPOSE | $3,650 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Network For Teaching Entrepreneurship New York, NY | $9,589,884 | $12,214,690 |
Reel Stories Teen Filmmaking Inc Brooklyn, NY | $1,349,194 | $2,572,031 |
Youth Service Managers Inc Boxford, MA | $5,127,710 | $1,464,939 |
Young Entrepreneurs Academy Inc Pittsford, NY | $192,804 | $326,928 |
Junior Achievement Of Western Massachusetts Springfield, MA | $260,866 | $404,989 |
Partners For Education And Business Inc Syracuse, NY | $12,469 | $270,994 |
Nykbi Inc New York, NY | $57,865 | $227,712 |
Launch Gurls Somerville, MA | $55,231 | $245,609 |
Harvard Yearbook Publications Fund Tr Cambridge, MA | $0 | $152,575 |
Youth Business Initiative Norwalk, CT | $37,948 | $0 |
Himalayan Education Foundation Inc Peterborough, NH | $65,731 | $0 |
Core Vision Foundation Inc Jackson Heights, NY | $19,300 | $0 |