Nonprofit · EIN 13-6130107
ACHIEVEMENT FOUNDATION INC
Tax-exempt · DEWITT, IA 52742
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $695,388 | $296,711 | $398,677 | $7,023,284 | $281,167 | $6,742,117 |
| June 30, 2024 | 990 | $133,148 | $466,231 | -$333,083 | $6,493,443 | $352,500 | $6,140,943 |
| June 30, 2023 | 990 | $157,363 | $399,067 | -$241,704 | $5,684,881 | $275,957 | $5,408,924 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $20,708
- Program service revenue
- $0
- Investment income
- $674,666
- Net gain from sales of assets
- $576,746
- Other revenue
- $14
Expenses
- Grants and similar amounts paid
- $224,500
- Compensation of officers, directors and key employees
- $22,124
- Salaries, compensation and benefits (total)
- $22,124
- Professional fundraising fees
- $0
- Legal fees
- $603
- Accounting fees
- $24,425
- Travel
- $3,506
- Program services (functional)
- $224,500
- Management and general (functional)
- $72,211
Balance sheet and other
- Total assets, start of year
- $6,493,443
- Total assets, end of year
- $7,023,284
- Total liabilities, end of year
- $281,167
- Net assets, end of year
- $6,742,117
- Publicly traded securities
- $6,445,076
- Net assets without donor restrictions
- $6,329,989
- Net assets with donor restrictions
- $412,128
- Gross receipts
- $2,278,463
- Employees
- 0
- Volunteers
- 14
- Year formed
- 1945
- State of legal domicile
- IA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL BRADY | EXECUTIVE DIRECTOR Officer | 1 | $22,124 |
| JIM HEMAK | BOARD CHAIR Trustee or director, Officer | 1 | $0 |
| R CHADWICK PAUL JR | SECRETARY Trustee or director, Officer | 1 | $0 |
| TOM KUSHNER | TREASURER Trustee or director, Officer | 1 | $0 |
| CATHY FRANCOMANO | BOARD MEMBER Trustee or director | 1 | $0 |
| CHRIS WHITE | BOARD MEMBER Trustee or director | 1 | $0 |
| DONNA STONE BUCHANAN | BOARD MEMBER Trustee or director | 1 | $0 |
| GINA BLAYNEY | BOARD MEMBER Trustee or director | 1 | $0 |
| JACK KOSAKOWSKI | BOARD MEMBER Trustee or director | 1 | $0 |
| JOHN CAREY | BOARD MEMBER Trustee or director | 1 | $0 |
| KURT SNYDER | Board Member Trustee or director | 1 | $0 |
| MIKE HANNIGAN JR | BOARD MEMBER Trustee or director | 1 | $0 |
| NORMAN FLEMING | BOARD MEMBER Trustee or director | 1 | $0 |
| SANDRA BEACH LIN | BOARD MEMBER Trustee or director | 1 | $0 |
| TIM GREINERT | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL BRADY | EXECUTIVE DIRECTOR Officer | 1 | $17,013 |
| JIM HEMAK | BOARD CHAIR Trustee or director, Officer | 1 | $0 |
| R CHADWICK PAUL JR | SECRETARY Trustee or director, Officer | 1 | $0 |
| TOM KUSHNER | TREASURER Trustee or director, Officer | 1 | $0 |
| CATHY FRANCOMANO | BOARD MEMBER Trustee or director | 1 | $0 |
| CHRIS WHITE | BOARD MEMBER Trustee or director | 1 | $0 |
| DONNA STONE BUCHANAN | BOARD MEMBER Trustee or director | 1 | $0 |
| GINA BLANEY | BOARD MEMBER Trustee or director | 1 | $0 |
| JACK KOSAKOWSKI | BOARD MEMBER Trustee or director | 1 | $0 |
| JOHN CAREY | BOARD MEMBER Trustee or director | 1 | $0 |
| KURT SNYDER | Board Member Trustee or director | 1 | $0 |
| MIKE HANNIGAN JR | BOARD MEMBER Trustee or director | 1 | $0 |
| NORMAN FLEMING | BOARD MEMBER Trustee or director | 1 | $0 |
| SANDRA BEACH LIN | BOARD MEMBER Trustee or director | 1 | $0 |
| TIM GREINERT | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL BRADY | EXECUTIVE DIRECTOR Officer | 1 | $7,837 |
| KURT SNYDER | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| JIM HEMAK | TREASURER Trustee or director, Officer | 1 | $0 |
| R CHADWICK PAUL JR | SECRETARY Trustee or director, Officer | 1 | $0 |
| MIKE HANNIGAN JR | BOARD MEMBER Trustee or director | 1 | $0 |
| CHRIS WHITE | BOARD MEMBER Trustee or director | 1 | $0 |
| NORMAN FLEMING | BOARD MEMBER Trustee or director | 1 | $0 |
| JACK KOSAKOWSKI | BOARD MEMBER Trustee or director | 1 | $0 |
| SANDRA BEACH LIN | BOARD MEMBER Trustee or director | 1 | $0 |
| JOHN CAREY | BOARD MEMBER Trustee or director | 1 | $0 |
| DENNIS HOULIHAN | BOARD MEMBER Trustee or director | 1 | $0 |
| DONNA STONE BUCHANAN | BOARD MEMBER Trustee or director | 1 | $0 |
| TOM KUSHNER | BOARD MEMBER Trustee or director | 1 | $0 |
| GINA BLANEY | BOARD MEMBER Trustee or director | 1 | $0 |
| CATHY FRANCOMANO | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1324K SPRINGBROOK LN, DEWITT, IA 52742-1055
- In care of
- % CHRISTINE KUNZ
- Principal officer (990 for 2024)
- JAMES HEMAK, 1324K Springbrook Lane, DeWitt, IA 52742
- Signed the 990
- TOM KUSHNER, TREASURER
- Phone
- (563) 343-0757
- Return prepared by
- Forvis Mazars LLP
Mission
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.
Program accomplishments
- 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.Expenses $195,000 · grants $195,000
- THE FOUNDATION MAKES SCHOLARSHIP PROGRAM AVAILABLE TO GRADUATES OF JUNIOR ACHIEVEMENT HIGH SCHOOL PROGRAMS.Expenses $29,500 · grants $29,500
- 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 ACHIEVEMENT AREAS 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 2024.0
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 13-6130107
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1947
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $7,023,284
- Income (IRS master file)
- $2,278,463
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $695,388 | $296,711 | $7,023,284 | IRS |
| 990 | June 2024 | $133,148 | $466,231 | $6,493,443 | IRS |
| 990 | June 2023 | $157,363 | $399,067 | $5,684,881 | XML |
| 990 | June 2022 | $450,812 | $288,307 | $5,204,649 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-6130107).
Questions about ACHIEVEMENT FOUNDATION INC
- What is the EIN of ACHIEVEMENT FOUNDATION INC?
- The employer identification number (EIN) of ACHIEVEMENT FOUNDATION INC is 13-6130107.
- Is ACHIEVEMENT FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1947.
- Are donations to ACHIEVEMENT FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ACHIEVEMENT FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ACHIEVEMENT FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ACHIEVEMENT FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of ACHIEVEMENT FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names JAMES HEMAK.
- Who are the officers and directors of ACHIEVEMENT FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 15 people; 1 received compensation from the organization, the highest $22,124 (PAUL BRADY, EXECUTIVE DIRECTOR).
- How much revenue does ACHIEVEMENT FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $695,388, expenses of $296,711 and total assets of $7,023,284 at year end.
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