Ja Africa

“Family and business relationships: the following persons are all employees of a related organization (ja worldwide) and therefore have a business relationship: *asheesh advani, ceo - ja worldwide *joseph tortora, cfo - ja worldwide *simi nwogugu, ceo - ja africa *caroline jenner, coo - ja worldwide”

“Members: the sole member of ja africa, inc. (jaa) shall be ja worldwide, inc. Which has the right to elect and remove directors. The following actions require approval by the member: 1) amendment, modification, or restatement of the certificate or bylaws; 2) merger, consolidation, reorganization, or dissolution of jaa or the sale, lease or exchange, or other disposition, transfer or conveyance of all or substantially all of its assets; 3) any material change in any current nonprofit purpose and objectives of jaa; 4) entering into any operating agreement between jaa and any of its local areas, other than in substantially the form previously approved by the member, or modifying or amending to any material extent any such operating agreement in a manner substantially inconsistent with such form.”

“Process to review the form 990: 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.”

“Process for monitoring compliance with conflict of interest policy: 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: 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 of JA Worldwide, Inc., 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, Towers Watson. This review process is conducted annually and was last done in 2020.”

“Governing documents available to the public: ja africa makes its financial statements, governing documents, and conflict of interest policy available to the public upon request.”

“COMPENSATION: Compensation for Asheesh Advani, Joseph Tortora and Mark Kripp are for services as employees of JA Worldwide, Inc., a related organization. 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 114 JA affiliates who are part of the global JA network that JA Worldwide oversees. In FYE 2020, revenue of all affiliates totaled $333,661,391.”

“Organization's mission cont. 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.”