Junior Achievement Of Central Carolinas
- Assets
- $7.7m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 22
- Location
- Charlotte, NC
- Founding
- 05/1994
- Data as of
- 06/2022
- EIN
- 56-0672085
Organization Overview
Junior Achievement Of Central Carolinas is located in Charlotte, NC. 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 Central Carolinas employed 22 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Junior Achievement Of Central Carolinas 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 Central Carolinas generated $2.0m 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 $2.4m during the year ending 06/2022. While expenses have increased by 7.4% 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
ECONOMIC EDUCATION OF YOUNG PEOPLE
Describe the Organization's Program Activity:
Part 3 - Line 4a
JUNIOR ACHIEVEMENT'S APPROACH TO DEVELOPING HIGH-QUALITY ECONOMIC EDUCATION PROGRAMS IN FIFTY COUNTIES IN NORTH CAROLINA AND THREE COUNTIES IN SOUTH CAROLINA IS BASED ON A PARTNERSHIP WITH THE EDUCATION AND BUSINESS COMMUNITIES. PROGRAMS ARE DESIGNED TO HELP YOUNG PEOPLE ACQUIRE AN UNDERSTANDING OF THE FUNDAMENTAL PRINCIPLES OF ECONOMICS AND THE FREE ENTERPRISE SYSTEM, ARRIVE AT REASONED JUDGEMENTS ABOUT ECONOMIC ISSUES AND DEVELOP THE SKILLS NEEDED TO FULFILL RESPONSIBILITIES AS PRODUCERS, CONSUMERS AND CITIZENS OF THE AMERICAN ECONOMY. PROGRAMS ARE RUN AT THE ELEMENTARY, MIDDLE SCHOOL AND SENIOR HIGH LEVELS FOR IN-SCHOOL CLASSES. THE JUNIOR ACHIEVEMENT CENTER IS USED FOR GENERAL PROGRAM PURPOSES. THE ORGANIZATION HAS DEVELOPED A PROGRAM, BIZTOWN, WHICH IS HELD AT THE CENTRAL FACILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Cherne Past President And CEO | Officer | 2 | $108,742 |
Jeffrey Ledford Chairman | OfficerTrustee | 2 | $0 |
Christopher Kuehn Treasurer | OfficerTrustee | 2 | $0 |
Joe Fernandez Secretary | OfficerTrustee | 2 | $0 |
Dorothy Gorman Current Presdient And CEO | OfficerTrustee | 2 | $0 |
Brad Jones Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ksq Architects Building Design | 6/29/18 | $266,031 |
Barnhill Contracting Company Building Construction | 6/29/18 | $905,880 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $310,792 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,656,331 |
| Noncash contributions included in lines 1a–1f | $61,520 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,967,123 |
| Total Program Service Revenue | $0 |
| Investment income | $5,851 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$13,155 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,959,819 |
| 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. | $108,741 |
| Compensation of current officers, directors, key employees. | $7,407 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $718,302 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $87,626 |
| Payroll taxes | $64,795 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $34,393 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $388,517 |
| Travel | $5,919 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $141,658 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $288,646 |
| Insurance | $31,573 |
| All other expenses | $33,588 |
| Total functional expenses | $2,375,520 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,414,272 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $867,454 |
| Accounts receivable, net | $65,706 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,904 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,181,271 |
| Investments—publicly traded securities | $80,020 |
| Investments—other securities | $0 |
| Investments—program-related | $39,927 |
| Intangible assets | $0 |
| Other assets | $13,399 |
| Total assets | $7,663,953 |
| Accounts payable and accrued expenses | $146,559 |
| 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 | $2,422,032 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $815,264 |
| Total liabilities | $3,383,855 |
| Net assets without donor restrictions | $3,543,098 |
| Net assets with donor restrictions | $737,000 |
| 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 | $7,663,953 |
Grants Recieved
Over the last fiscal year, we have identified 32 grants that Junior Achievement Of Central Carolinas has recieved totaling $547,911.
| Awarding Organization | Amount |
|---|---|
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $149,300 |
Townebank Foundation Suffolk, VA PURPOSE: GEN. CHARITABLE | $114,286 |
Lpl Financial Foundation Inc Boston, MA PURPOSE: OPERATIONAL SUPPORT | $55,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $45,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $36,399 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $32,446 |
Endowment Analysis
| Beg. Balance | $93,175 |
| Earnings | -$12,976 |
| Admin Expense | $2,489 |
| Net Contributions | $2,309 |
| Ending Balance | $80,019 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Junior Achievement Of Georgia Inc Atlanta, GA | $25,901,404 | $11,179,246 |
Amazima Ministries International Education And Empowerment For East Franklin, TN | $5,696,478 | $7,457,934 |
Gray Matters Capital Inc Atlanta, GA | $45,313,464 | $11,858,965 |
Chalmers Center For Economic Development At Covenant College Lookout Mountain, GA | $1,151,964 | $2,299,914 |
Solar Sister Inc Great Falls, VA | $695,942 | $2,413,061 |
Junior Achievement Of Central Carolinas Charlotte, NC | $7,663,953 | $1,959,819 |
Justice And Mercy International Inc Nashville, TN | $1,957,323 | $2,696,538 |
Junior Achievement Of Memphis And The Mid-South Cordova, TN | $5,171,864 | $2,925,302 |
Junior Achievement Of Middle Tennessee Nashville, TN | $3,230,603 | $1,528,982 |
Junior Achievement International China Inc Raleigh, NC | $1,654,810 | $1,596,019 |
Junior Achievement Of Central Virginia Richmond, VA | $3,721,520 | $1,075,619 |
Five Talents U S A Vienna, VA | $799,220 | $1,258,418 |