EIN 13-6130107

Achievement Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Watertown
Year formed
1945
Most recent tax filings
2024-06-01
NTEE code, primary
Description
Achievement Foundation grants and loans to nonprofits support young people's understanding of free enterprise, with a focus on innovative programs.
Total revenues
$133,148
2024
Total expenses
$466,231
2024
Total assets
$6,493,443
2024
Num. employees
0
2024

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 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 2023.
The Foundation makes scholarship program available to graduates of junior Achievement high school programs.

Grants made by Achievement Foundation

GranteeGrant descriptionAmount
Junior Achievement USA (JA)Program Support$52,500
Junior Achievement of Central MarylandProgram Support$35,000
Junior Achievement of Delaware (JAD)Program Support$25,000
...and 10 more grants made

Who funds Achievement Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Moses H Fbo Afny PF TaGeneral Operating$11,791

Financials for Achievement Foundation

RevenuesFYE 06/2024
Total grants, contributions, etc.$61,197
Program services$0
Investment income and dividends$53,662
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$18,289
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$133,148
Data update history
July 14, 2025
Posted financials
Added Form 990 for fiscal year 2024
July 13, 2025
Updated personnel
Identified 1 new personnel
July 5, 2025
Received grants
Identified 1 new grant, including a grant for $11,791 from Moses H Fbo Afny PF Ta
July 2, 2025
Used new vendors
Identified 1 new vendor, including
August 11, 2024
Posted financials
Added Form 990 for fiscal year 2023
Nonprofit Types
Grantmaking organizationsSchoolsCharities
Issues
Education
Characteristics
Provides grantsEndowed supportProvides scholarshipsTax 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/ 
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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