Junior Achievement Of Southwest New England
- Assets
- $5.3m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 15
- Location
- Hartford, CT
- Founding
- 05/1994
- Data as of
- 06/2022
- EIN
- 06-0665972
Organization Overview
Junior Achievement Of Southwest New England is located in Hartford, CT. 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 Southwest New England employed 15 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Junior Achievement Of Southwest New England 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 Southwest New England generated $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $1.9m 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
THE ORGANIZATION IS DEDICATED TO EDUCATING STUDENTS ABOUT WORKFORCE READINESS, ENTREPRENEURSHIP AND FINANCIAL LITERACY THROUGH EXPERIENTIAL, HANDS-ON PROGRAMS. THESE PROGRAMS HELP PREPARE YOUNG PEOPLE FOR THE REAL WORLD BY SHOWING THEM HOW TO GENERATE WEALTH AND EFFECTIVELY MANAGE IT, HOW TO CREATE JOBS WHICH MAKE THEIR COMMUNITIES MORE ROBUST, AND HOW TO APPLY ENTREPRENEURIAL THINKING TO THE WORKPLACE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO EMPOWER YOUNG PEOPLE TO OWN THEIR ECONOMIC SUCCESS THROUGH A SERIES OF PROGRAMS OFFERED TO K-12 STUDENTS. 16,546 STUDENTS PARTICIPATED IN THE PROGRAM THROUGHOUT 7 COUNTIES, INCLUDING HARTFORD, LITCHFIELD, NEW HAVEN, WINDHAM, TOLLAND, NEW LONDON AND MIDDLESEX.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeremy D Race President & | Officer | 40 | $188,869 |
Lawrence J Carboni Director | Trustee | 1 | $0 |
Claude Howard Director | Trustee | 1 | $0 |
Susan D Jackson Director | Trustee | 1 | $0 |
Brian Levine Director | Trustee | 1 | $0 |
Dawn Lazarus Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $177,500 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $266,818 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,329,213 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,773,531 |
| Total Program Service Revenue | $0 |
| Investment income | $380 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $76,158 |
| Net Income from Fundraising Events | $481,633 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,331,852 |
| 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. | $188,869 |
| Compensation of current officers, directors, key employees. | $50,617 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $582,785 |
| Pension plan accruals and contributions | $33,507 |
| Other employee benefits | $281,349 |
| Payroll taxes | $76,995 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $60,670 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $87,231 |
| Advertising and promotion | $38,861 |
| Office expenses | $12,260 |
| Information technology | $37,086 |
| Royalties | $0 |
| Occupancy | $57,292 |
| Travel | $7,962 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,557 |
| Interest | $0 |
| Payments to affiliates | $209,717 |
| Depreciation, depletion, and amortization | $8,086 |
| Insurance | $16,109 |
| All other expenses | $43,020 |
| Total functional expenses | $1,898,442 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,861,714 |
| Savings and temporary cash investments | $487,559 |
| Pledges and grants receivable | $313,625 |
| 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 | $30,333 |
| Net Land, buildings, and equipment | $22,808 |
| Investments—publicly traded securities | $2,627,995 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,344,034 |
| Accounts payable and accrued expenses | $248,282 |
| Grants payable | $0 |
| Deferred revenue | $312,572 |
| 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 | $560,854 |
| Net assets without donor restrictions | $4,668,161 |
| Net assets with donor restrictions | $115,019 |
| 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 | $5,344,034 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Junior Achievement Of Southwest New England has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Keiser Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
Torrington Savings Foundation Wilmington, DE PURPOSE: JA PROJECT TOMORROWS FOR NORTHERN CONNECTICUT STUDENTS | $5,000 |
Farmington Bank Community Foundation Inc Hartford, CT PURPOSE: JR. APPRENTICE | $5,000 |
Endowment Analysis
| Beg. Balance | $18,799 |
| Earnings | -$2,005 |
| Ending Balance | $16,794 |
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 |