Civic Intelligence

Ja Worldwide Inc.

990 • Fiscal year 2014 • EIN 27-3666259

Jul 01, 2013 to Jun 30, 2014 • Filed on Feb 05, 2015

177 Milk StreetSuite 10002109

(617) 315-8563

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

80th percentile

0.67x

Higher debt load relative to assets than 80% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

47th percentile

0.22x

Higher debt load relative to revenue than 47% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Net Margin

33rd percentile

-0.2%

Higher net margin than 33% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

91st percentile

$579,615

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 3.5% of source-year revenue.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Asset Growth

58th percentile

5.6%

Faster asset growth than 58% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Up

$5,490,003

Up $292,229 (+5.6%) from 2013

Net Assets

Up

$1,812,516

Up $474,847 (+35%) from 2013

Liabilities

Down

$3,677,487

Down $182,618 (-4.7%) from 2013

Revenue

$16,536,945

No earlier filing loaded for comparison.

Expenses

Up

$16,569,840

Up $2,535,518 (+18%) from 2013

Net Income

-$32,895

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2013: $5,197,774Liabilities 2013: $3,860,105Net Assets 2013: $1,337,6692013Assets 2014: $5,490,003Liabilities 2014: $3,677,487Net Assets 2014: $1,812,5162014Assets 2015: $7,400,944Liabilities 2015: $4,725,253Net Assets 2015: $2,675,6912015Assets 2016: $8,370,397Liabilities 2016: $5,337,524Net Assets 2016: $3,032,8732016Assets 2018: $7,522,237Liabilities 2018: $4,037,116Net Assets 2018: $3,485,1212018Assets 2019: $8,476,285Liabilities 2019: $3,946,065Net Assets 2019: $4,530,2202019Assets 2020: $11,180,983Liabilities 2020: $4,607,520Net Assets 2020: $6,573,4632020Assets 2021: $13,337,517Liabilities 2021: $6,358,666Net Assets 2021: $6,978,8512021Assets 2022: $14,229,210Liabilities 2022: $7,787,978Net Assets 2022: $6,441,2322022

Highlighted filing

2014

Assets$5,490,003
Liabilities$3,677,487
Net Assets$1,812,516

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MExpenses 2013: $14,034,3222013Revenue 2014: $16,536,945Expenses 2014: $16,569,840Net Income 2014: -$32,8952014Revenue 2015: $17,223,020Expenses 2015: $16,154,408Net Income 2015: $1,068,6122015Revenue 2016: $13,287,490Expenses 2016: $12,016,627Net Income 2016: $1,270,8632016Revenue 2018: $14,253,281Expenses 2018: $15,037,770Net Income 2018: -$784,4892018Revenue 2019: $19,026,950Expenses 2019: $17,998,543Net Income 2019: $1,028,4072019Revenue 2020: $22,449,969Expenses 2020: $20,378,618Net Income 2020: $2,071,3512020Revenue 2021: $19,001,773Expenses 2021: $18,752,749Net Income 2021: $249,0242021Revenue 2022: $21,801,943Expenses 2022: $22,108,965Net Income 2022: -$307,0222022

Highlighted filing

2014

Revenue$16,536,945
Expenses$16,569,840
Net Income-$32,895
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Feb 5, 2015
Return Version
2013v4.0
Gross Receipts
$16,536,945
Mission and Program Overview

Mission

Ja worldwide's mission is to inspire and prepare young people to succeed in a global economy.

JA Worldwide is dedicated to addressing social/economic challenges of young people by educating & empowering them to transform their future & own their own economic success.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$3,460,135$4,585,347▲ $1,125,212
Pledges and Grants Receivable$1,536,270$749,332▼ $786,938
Accounts Receivable$117,508$69,429▼ $48,079
Prepaid Expenses and Deferred Charges$45,229$56,953▲ $11,724
Receivables From Officers Etc$0$7,217▲ $7,217
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$5,179,142$5,490,003▲ $310,861
Other Assets Total$20,000$21,725▲ $1,725
Liabilities
Escrow Account Liability$3,284,755$2,446,790▼ $837,965
Accounts Payable and Accrued Expenses$521,876$747,218▲ $225,342
Grants Payable$0$483,479▲ $483,479
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$3,806,631$3,677,487▼ $129,144
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,127,901$1,596,049▲ $468,148
Unrestricted Net Assets$244,610$216,467▼ $28,143
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$1,372,511$1,812,516▲ $440,005
Total Liabilities and Net Assets / Fund Balance$5,179,142$5,490,003▲ $310,861

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$1,127,901$5,135,935-$4,667,787$1,596,049
2012$1,776,885$1,099,081→ $0$1,748,065$1,127,901
2011$0$3,810,128→ $0$2,033,243$1,776,885
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sean C RushPresident & CEOFT$405,240$174,375$579,615
Ainar D Aijala JrDirector-$512,991$66,624$579,615
Margie WangCOO & CFOFT$234,484$100,883$335,367
Michael BrayDirector-$290,367$45,000$335,367
Chinwe EffiongSVP - Africa-$203,845$97,585$301,430
Ralph de la VegaChair through 12/2013-$237,266$64,164$301,430
Linda RimerSVP -Asia/Pacific AmericasFT$134,128$122,086$256,214
Gerald M CzarneckiDirector-$226,429$29,785$256,214

Board Members and Trustees

NameTitle
Francesco Vanni d'ArchirafiChairman effective 01/2014
Alan J KellyDirector
Dave SenayDirector
David CunninghamDirector
Desi LopezDirector
Edward G GalanteDirector
John S ScheidDirector
Larry LevaDirector
Mayu AvilaDirector
Richard HartzellDirector
Rob PitfieldDirector
Sheikh Khaled Bin ZayedDirector
Steve WongDirector
Michel De WolfSecretary
Maliz BeamsTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Junior Achievement USAFund/accting/admin-$462,500
Xanegy Psc LLCAccting/reporting-$127,093
Leonardo Martellottoconsulting-$124,476
Eco Ventures InternationalProgram Evaluations-$103,542
Revenue and Support

Revenue Composition

Contributions and Grants
$14,811,153
Program Service Revenue
$1,696,789
Investment Income
$36
Other Revenue
$28,967
All Other Contributions
$13,430,930
Change in Net Assets
$-32,895

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table2$82,920fair market value
Other Non Cash Contri Table1$34,506fair market value
Total Noncash Contributions3$117,426-

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,913,816
Revenue Not Reported on Financial Statements
$10,623,129
Revenue Not Reported on Form 990
$1,018,472
Other Revenue Adjustments
$10,623,129
Total Revenue per Audited Statements
$6,932,288
Total Revenue per Form 990
$16,536,945
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$10,622,870
Other Expenses$4,096,003
Salaries, Compensation, and Employee Benefits$1,850,967
Total Fundraising Expense$1,005,061
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$9,042,191--$9,042,191
Grants to Domestic Orgs$1,580,679--$1,580,679
Current Officers, Directors, Trustees, and Key Employees$758,661$210,363$159,160$1,128,184
Other Salaries and Wages$164,424$266,736$180,414$611,574
Fees for Services Other$315,260$171,829$115,732$602,821
Fees for Services Management$25,000$89,000$286,000$400,000
All Other Expenses$253,162$101,139$12,683$366,984
Travel$196,003$85,595$46,552$328,150
Occupancy$104,308$66,715$61,127$232,150
Office Expenses$147,624$64,756$18,600$230,980
Fees for Services Accounting$67,176$42,319$36,614$146,109
Advertising$86,283$37,893$18,110$142,286
Other Expenses$86,131$33,496$255$119,627
Fees for Services Legal$47,896$30,842$27,659$106,397
Payroll Taxes$29,473$17,794$14,364$61,631
Conferences and Meetings-$44,382-$44,382
Other Employee Benefits$7,242$13,039$9,555$29,836
Insurance$14,425$7,520$7,300$29,245
Pension Plan Contributions$4,955$7,694$7,093$19,742
Information Technology$6,729$4,290$3,843$14,862
Total Functional Expenses$14,001,876$1,562,903$1,005,061$16,569,840

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$16,569,840
Expenses Not Reported on Financial Statements$10,623,129
Other Expense Adjustments$10,623,129
Total Expenses per Audited Statements$6,965,183
Expenses per Audited Statements$5,946,711
Expenses Not Reported on Form 990$1,018,472
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
84-1267604-501(c)(3)-$300,370
74-1153957-501(c)(3)-$89,000
41-1424988-501(c)(3)-$67,000
94-1322179-501(c)(3)-$64,150
36-2170141-501(c)(3)-$52,000
86-0184349-501(c)(3)-$45,000
25-0983059-501(c)(3)-$43,000
13-3031828-501(c)(3)-$42,500
39-0826295-501(c)(3)-$40,000
06-0665972-501(c)(3)-$35,000
84-0430495-501(c)(3)-$33,000
95-1727087-501(c)(3)-$33,000
58-0598050-501(c)(3)-$32,000
14-1429763-501(c)(3)-$31,500
32-0014307-501(c)(3)-$30,000
52-0688275-501(c)(3)-$27,890
38-1557861-501(c)(3)-$25,999
62-0810145-501(c)(3)-$25,000
22-1774147-501(c)(3)-$25,000
84-6009223-501(c)(3)-$25,000
59-1098499-501(c)(3)-$25,000
91-0604913-501(c)(3)-$25,000
06-0644315-501(c)(3)-$25,000
06-0932913-501(c)(3)-$24,000
61-0606480-501(c)(3)-$23,875
75-0881589-501(c)(3)-$23,000
56-0672085-501(c)(3)-$22,000
61-0476694-501(c)(3)-$22,000
38-1348535-501(c)(3)-$22,000
95-1799192-501(c)(3)-$22,000
66-0273258-501(c)(3)-$20,500
16-0821488-501(c)(3)-$18,750
42-0919209-501(c)(3)-$18,500
44-0604809-501(c)(3)-$18,000
94-6080866-501(c)(3)-$17,000
57-0547967-501(c)(3)-$15,795
59-0871446-501(c)(3)-$15,000
34-0733164-501(c)(3)-$13,125
35-0922731-501(c)(3)-$12,500
98-0098267-501(c)(3)-$10,000
71-0658775-501(c)(3)-$10,000
04-2127020-501(c)(3)-$10,000
59-2461562-501(c)(3)-$10,000
87-0225875-501(c)(3)-$10,000
72-0469314-501(c)(3)-$10,000
47-0535692-501(c)(3)-$10,000
46-0306352-501(c)(3)-$8,000
23-1472517-501(c)(3)-$7,500
54-0803325-501(c)(3)-$7,500
56-1107715-501(c)(3)-$7,500
62-0549549-501(c)(3)-$6,000
34-0940986-501(c)(3)-$5,625

International Summary

Offices
5
Employees
20
Spending
$11,252,008

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (Including Iceland and Greenland)Grantmaking---$3,510,028
Middle East and North AfricaGrantmakingEconomic Education Prg--$1,637,470
East Asia and the PacificGrantmakingEconomic Education Prg15$1,483,269
Sub-Saharan AfricaFundraising---$1,195,263
South AmericaGrantmakingEconomic Education Prg110$695,852
North AmericaGrantmakingEconomic Education Prg24$486,400
Central America and the CaribbeanGrantmakingEconomic Education Prg11$416,322
Sub-Saharan AfricaGrantmaking---$412,050
Central America and the CaribbeanProgram Services---$349,877
Russia and the Newly Independent StatesGrantmakingEconomic Education Prg--$329,150
North AmericaFundraising---$285,500
Europe (Including Iceland and Greenland)Fundraising---$205,600
South AmericaProgram Services---$82,794
Russia and the Newly Independent StatesProgram Services---$80,463
South AsiaGrantmakingEconomic Education Prg--$71,650
East Asia and the PacificProgram Services---$10,320
Middle East and North AfricaProgram Services----
Europe (Including Iceland and Greenland)Program Services----
Sub-Saharan AfricaProgram Services----
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$0$7,217▲ $7,217
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No
Filing and Contact Details

Filer

EIN
27-3666259
In Care Of
% MARGIE WANG
Phone
6173158563

Signing Officer

Name
Margie M Wang
Title
Chief Operating Officer & CFO
Phone
6173158563
Signed
2015-02-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sean Rush President CEO
Formed
2011
Legal Domicile
De
Voting Board Members
20
Independent Board Members
19
Employees
12
Volunteers
454,250

Preparer

Preparer
Rita F Worster CPA
Phone
6173158563
Supplemental Narrative

Additional Explanations

ORGANIZATION'S MISSION CONT.

PART III, LINE 1 Junior Achievement is the world's largest organization dedicated to giving young people the knowledge and skills they need to own their economic success, plan for their future, and make smart academic and economic choices. Our financial literacy, work readiness and entrepreneurship programs empower students to make a connection between what they learn in school and how it can be applied in the real world. This enhances the relevance of their classroom learning and increases their understanding of the value of staying in school.

Members

PART VI, LINE 6 & 7B The organization's members are organizations that have entered into an operating agreement with JA Worldwide. Each member has voting rights for approval of revisions made to the operating agreements and the ability to change the member fee.

Describe Process to Review 990

PART VI, LINE 11B The Form 990 is prepared by a third party and is reviewed by the Audit committee of the Board. A draft is supplied via a web site link for the entire Board to review before filing the final 990 with the IRS.

Describe How Conflict of Interest Policy Is Monitored & Enforced

PART VI, LINE 12C All officers, directors, and employees are required annually to complete and update a conflict of interest declaration as a method of disclosing and ethically resolving potential conflicts of interest. Should any transaction or act of any officer, director, and employee constitute a possible conflict of interest, the individual is required to disclose all the relevant facts for consideration to determine whether a conflict of interest actually exists, and if so, the manner in which it should be resolved.

Describe Process for Determining Compensation

PART VI, LINE 15A & 15B The governance process for determining compensation for the Organization's CEO and other top management is modeled after the requirements in Internal Revenue Code Section 4958 to establish the presumption of reasonable compensation. Compensation was reviewed and approved by the Executive Compensation Subcommittee (the Committee) of the Board of Governors, which is comprised of independent persons. By engaging an independent compensation consultant, the Committee considered comparable market data from published surveys and Form 990 of comparable organizations in evaluating the compensation for each individual. The Committee conducted a review of this comparability data and documented its deliberation and discussion in minutes that are retained with the other governance materials of the Organization. The Committee followed the process to establish the presumption that compensation paid to the Organization's CEO and other top management for purposes of Section 4958 by relying on professional advice in the written opinion of reasonableness from the independent compensation consultant. This review process is conducted annually and was last done in 2013.

Describe How Documents Are Made Available to the Public

PART VI, LINE 19 JA Worldwide, Inc. makes its financial statements, governing documents, and conflict of interest policy available to the public upon request.

Compensation

PART VII Compensation deliberations take into account services provided to the filing organization and its affiliates. Revenue presented in the Form 990 does not include the revenue of the 121 JA affiliates who are part of the global JA network that JA Worldwide oversees. In FYE 2014, revenue of all affiliates totaled $318,002,847.

Other Changes in Net Assets

PART XI, LINE 9 Net asset transfer from affiliates 472,900

Prior Year Balance Sheet

PART X, COLUMN A CHANGES WERE MADE IN THE PRIOR YEAR (06/30/13) BALANCE SHEET AND RESULTED IN THE FOLLOWING NET EFFECT TO NET ASSETS: 06/30/2013 NET ASSETS - 1,337,669 06/30/2013 RESTATED NET ASSETS - 1,372,511 The consolidated financial statement with subsidiary organization JA Africa did not change but it was determined that a vehicle and some accrued liabilities should have been reported by JA Africa rather than JA Worldwide.

Financial Statement Notes

Trust, Escrow, and Custodial Arrangements

Part IV, Line 2b The Organization assists its affiliates around the world in setting up their own organizations to administer Junior Achievement programs. The Organization holds funds on behalf of these affiliates for their expenses. These are included in cash and contributions receivable on the statement of financial position and total $2,563,522 and $340,190, respectively, as of June 30, 2014.

Intended Use of the Organization'S Endowment Funds

Part V, Line 4 Temporarily restricted funding and grants have been donor-restricted for specific purposes or specified time frames. Restrictions are for the development of various types of curriculum: after school, online programs, ethics curriculum, and personal financial literacy programs. Grants also provide funding for monitoring and evaluation, marketing and awareness, student competitions and grant administration.

Uncertain Tax Positions

Part X, Line 2 Management has evaluated their income tax positions under the guidance included in ASC 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.

Book and tax difference

Part XI, Line 4b Designated Contributions to US JA Offices and Member Nations Treated as Agency Transactions for Financial Statement Purposes 10,622,870* Expense net with revenue on financials, but treated as expense for 990 purposes 259 Total 10,623,129

Book and tax difference

Part XII, Line 4b Designated Contributions to US JA Offices and Member Nations Treated as Agency Transactions for Financial Statement Purposes 10,622,870* Expense net with revenue on financials, but treated as expense for 990 purposes 259 Total 10,623,129 * The organization assumes acknowledgment responsibility for these grants. This is the most efficient approach with numerous member nations benefitting from an individual grant. Therefore, the organization includes the grant revenue and grant expense on form 990.

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IRS990/ContractorCompensationGrp/ContractorName/PersonNm2Eco Ventures International
IRS990/ContractorCompensationGrp/ContractorName/PersonNm3LEONARDO MARTELLOTTO
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IRS990/Desc0The organization supported its 121-country member network around the world in setting up and/or maintaining their own organization to administer Junior Achievement programs. JA Worldwide's members reached approximately 10 million elementary through post-secondary students powered by 454,250 volunteers for the year ended June 30, 2014.
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IRS990/Form990PartVIISectionAGrp/PersonNm0Ainar D Aijala Jr
IRS990/Form990PartVIISectionAGrp/PersonNm1Michael Bray
IRS990/Form990PartVIISectionAGrp/PersonNm2Gerald M Czarnecki
IRS990/Form990PartVIISectionAGrp/PersonNm3Ralph de la Vega
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IRS990/Form990PartVIISectionAGrp/PersonNm7Sheikh Khaled Bin Zayed
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IRS990/Form990PartVIISectionAGrp/PersonNm9John S Scheid
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IRS990/Form990PartVIISectionAGrp/PersonNm12Steve Wong
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IRS990/Form990PartVIISectionAGrp/PersonNm15David Cunningham
IRS990/Form990PartVIISectionAGrp/PersonNm16Richard Hartzell
IRS990/Form990PartVIISectionAGrp/PersonNm17Alan J Kelly
IRS990/Form990PartVIISectionAGrp/PersonNm18Larry Leva
IRS990/Form990PartVIISectionAGrp/PersonNm19Mayu Avila
IRS990/Form990PartVIISectionAGrp/PersonNm20Margie Wang
IRS990/Form990PartVIISectionAGrp/PersonNm21Linda Rimer
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