Program areas at Achievement Foundation
The Foundation makes grants to nonprofit organizations which develop a better understanding of the free enterprise system in young people. The Foundation awards grants to junior Achievement usa and junior Achievement areas for new and innovative programs and programs serving urban or other poorer populations.
The Foundation makes scholarship program available to graduates of junior Achievement high school programs.
The Foundation makes loans to specific junior Achievement programs in financial need. These loans are repaid at no interest if the loans are repaid according to the agreed upon schedule. During 2020 the covid-19 pandemic caused many junior achievementareas to experience financial stress. As a result of this, the Achievement Foundation made 32 loans to those areas totaling $1,680,315. $1,335,315 of the loans were funded in 2020 with the remaining $345,000 funded in 2021. There were no new loans made in 2022.
Grants made by Achievement Foundation
Who funds Achievement Foundation
Grants from foundations and other nonprofits
Personnel at Achievement Foundation
| Name | Title | Compensation | Date of data |
|---|
| Paul Brady | Executive Director | $7,837 | 2023-06-30 |
| James Hemak | Past Treasurer | | 2023-05-02 |
| Tom Kushner | Treasurer | $0 | 2024-05-06 |
| R Chadwick Paul | Secretary / Chairman | $0 | 2023-06-30 |
| Jim Hemak | Past Treasurer / Board Member | $0 | 2023-06-30 |
| ...and 3 more key personnel |
Financials for Achievement Foundation
| Revenues | FYE 06/2023 | FYE 06/2022 | % Change |
|---|
| Total grants, contributions, etc. | $49,238 | $18,496 | 166.2% |
| Program services | $0 | $0 | - |
| Investment income and dividends | $98,821 | $54,633 | 80.9% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $8,725 | $377,683 | -97.7% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $579 | $0 | 999% |
| Total revenues | $157,363 | $450,812 | -65.1% |
Organizations like Achievement Foundation
| Organization | Type | Location | Revenue |
|---|
| Masonic Foundation of Utah | 501(c)(3) | Salt Lake City, UT | $130,268 |
| National Exchange Club Foundation | 501(c)(3) | Toledo, OH | $724,006 |
| Psi Iota Xi Charities | 501(c)(3) | Muncie, IN | $62,844 |
| Zeeland Education Foundation | 501(c)(3) | Zeeland, MI | $173,616 |
| Golden Tornado Scholastic Foundation | 501(c)(3) | Butler, PA | $391,105 |
| Clarksville Montgomery County Education Foundation | 501(c)(3) | Clarksville, TN | $511,684 |
| Orono Foundation for Education | 501(c)(3) | Long Lake, MN | $672,144 |
| The Belton Educational Enrichment Foundation | 501(c)(3) | Belton, TX | $518,296 |
| Pride in the Tiger Foundation | 501(c)(3) | Marshall, MN | $375,918 |
| York Technical College Foundation | 501(c)(3) | Rock Hill, SC | $348,109 |
Data update history
August 11, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 13, 2024
Used new vendors
Identified 1 new vendor, including
July 20, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 26, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Grantmaking organizationsSchoolsCharities
Issues
Education
Characteristics
Provides grantsEndowed supportTax deductible donationsNo full-time employeesAccepts online donations
General information
- Address
- 9 Golfview Dr
- Watertown, CT 06795
- County
- Naugatuck Valley Planning Region, CT
- Website URL
- achievementfoundation.org/Â
- Phone
- (860) 613-0315
IRS details
- EIN
- 13-6130107
- Fiscal year end
- June
- Taxreturn type
- Form 990
- Year formed
- 1945
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- B00: Education: General
- NAICS code, primary
- 813211: Grantmaking Foundations
- Parent/child status
- Independent
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