The Achievement Foundation, by using its financial resources, dedicates itself to developing a better understanding of the free enterprise system by young people. The Achievement Foundation makes grants to junior Achievement USA, its affiliates, and beneficiaries in support of the foundation's mission; makes loans to junior Achievement areas in financial need; and makes scholarships to students who have completed junior Achievement programs.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
$8K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $48K a year · 14% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$8K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
18 mo
of spending, in cash
Plus $4.7M in investments, Pt X · Ln 11–13
Looks good: 17.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$276K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$157K
-65% vs prior year
Spent
$399K
To programs
80%
Net assets
$5.4M
By yearFY2021–FY2025
Revenue
$157K
FY2023▼ -65%
Tap a bar for its year
Revenue by fiscal year
FY2021$340K
FY2022$451K
FY2023$157K
FY2024$133K
FY2025$695K
Expenses
$399K
FY2023▲ +38%
Tap a bar for its year
Expenses by fiscal year
FY2021$85K
FY2022$288K
FY2023$399K
FY2024$466K
FY2025$297K
Net assets
$5.4M
FY2023▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2021$6.1M
FY2022$5.2M
FY2023$5.4M
FY2024$6.1M
FY2025$6.7M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1947.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $318K Management & general 20% · $81K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990; $8K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Director
$7,837Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022
Paul Brady$22,124$17,013$7,837$10,368

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Achievement Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds programs to teach young people about free enterprise and supports students in related programs.

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Provided by the organization

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3 programs · $318K · in their own filed words · FY2022
01

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.

$292Kprogram expense
02

The foundation makes scholarship program available to graduates of junior achievement high school programs.

$26Kprogram expense
03

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.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 30 grants · $1.1M · 2020–2024
Junior Achievement USACO · FY2024$195,000
Unitemized GrantFY2024$29,500
Junior Achievement USACO · FY2023$52,500
Junior Achievement North INCMN · FY2023$25,000
Unitemized GrantFY2023$22,000
Junior Achievement USACO · FY2022$52,500
See all 30 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$157K
Ln 12
Investment incomeLn 3$108K
Gifts and grantsLn 1h$49K
Other incomeLn 4–11$579
Money outPt IX
$399K
Ln 25
Programscol B$318K
Managementcol C$81K
Owns and owesPt X
$5.4M
net assets · Ln 32
Cash and savingsLn 1–2$594K
Total assetsLn 16$5.7M
LiabilitiesLn 26$276K
PeoplePt VI, VII
15
listed · VII A
PaidVII A1
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$49K
Investment incomeLn 3$108K
Other incomeLn 4–11$579
Gains on assetsLn 7$9K
Total revenueLn 12$157K
Assets in detailPt X, end of year
CashLn 1$109K
SavingsLn 2$485K
Cash and savings togetherLn 1–2$594K
InvestmentsLn 11–13$4.7M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$5.7M
LiabilitiesLn 26$276K
Net assetsLn 32$5.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 614
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$503K$594K
InvestmentsLn 11–13$3.8M$4.7M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$5.2M$5.7M
LiabilitiesLn 26$38K$276K
Net assetsLn 32$5.2M$5.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$292K$292K
Grants to domestic individualsLn 2$26K$26K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$18K$18K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$16K$16K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$28K$28K
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$3K$3K
Information technologyLn 14$40$40
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$10K$10K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$381$381
Total functional expensesLn 25$399K$318K$81K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $695K$297K$399K$6.7M 990 PDF
FY2024 $133K$466K−$333K$6.1M 990 PDF
FY2023 Viewing $157K$399K−$242K$5.4M 990 PDF
FY2022 $451K$288K$163K$5.2M 990 PDF
FY2021 $340K$85K$255K$6.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $157,363 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $18,496$49,238
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $432,316$107,546
I-11 Other revenuePrior year $0$579
I-12 Total revenuePrior year $450,812$157,363
I-13 Grants and similar amounts paidPrior year $202,592$318,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$18,311
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $85,715$62,756
I-18 Total expensesPrior year $288,307$399,067
I-19 Revenue less expensesPrior year $162,505−$241,704
Part VI · Governance 14 of 14 board members independent, 1 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $157,363 across 9 lines filed
VIII-1f All other contributions, gifts and grants$49,238
VIII-1h Total contributions, gifts and grants$49,238
VIII-3 Investment incomeExcluded from tax $98,821$98,821
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax $8,725$8,725
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $579$579
VIII-12 Total revenueExcluded from tax $108,125$157,363
Part IX · Statement of functional expenses $399,067 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $292,000$292,000
IX-2 Grants to domestic individualsPrograms $26,000$26,000
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffManagement $18,311$18,311
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $15,939$15,939
IX-11d Lobbying fees$0
IX-11f Investment management feesManagement $28,086$28,086
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $3,454$3,454
IX-14 Information technologyManagement $40$40
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelManagement $9,768$9,768
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $5,088$5,088
IX-24 Other expenses (24a–d)Management $381$381
IX-25 Total functional expensesPrograms $318,000 · Management $81,067 · Fundraising $0$399,067
Part X · Balance sheet $5,684,881 assets, 24 lines filed
Asset lines not itemized here account for $396,747; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $176,706$109,291
X-2 Savings and temporary cash investmentsStart of year $325,958$484,798
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $3,453,584$4,318,580
X-12 Other securitiesStart of year $370,300$375,465
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $5,204,649$5,684,881
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $38,495$275,957
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $38,495$275,957
X-27 Net assets without donor restrictionsStart of year $4,708,888$4,972,493
X-28 Net assets with donor restrictionsStart of year $457,266$436,431
X-32 Total net assets or fund balancesStart of year $5,166,154$5,408,924
X-33 Total liabilities and net assetsStart of year $5,204,649$5,684,881
Part XI · Reconciliation of net assets $5,408,924 net assets at year end
XI-1 Total revenue$157,363
XI-2 Total expenses$399,067
XI-3 Revenue less expenses−$241,704
XI-4 Net assets at start of year$5,166,154
XI-5 Net unrealized gains (losses) on investments$479,309
XI-9 Other changes in net assets$5,165
XI-10 Net assets at end of year$5,408,924

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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