Annual Report 2018/19 - Junior Achievement Central Ontario · 32nd Annual Golf Classic $154,000...
Transcript of Annual Report 2018/19 - Junior Achievement Central Ontario · 32nd Annual Golf Classic $154,000...
A Member of JA Canada
JA Central Ontario
Annual Report2018/19
56,856Students
4,110Volunteers
608Schools Involved
2,230Programs Delivered
Table of Contents
Impact in Fiscal 2019
Leadership Message 1 In-School Programs 2 JA Field Trips 3 Company Program 4 Governors’ Dinner 8 Golf Classic 9 Corporate Donors 10 Individual Donors 16 Board of Directors 18 Board of Governors 19 Financials 20
JA Central Ontario | Annual Report 2018-19 1
Leadership Message
Jane EisbrennerPresident & CEO
Jon TaylorChair
Board of Directors
Jon TaylorChair, Board of Directors
Jane EisbrennerPresident & CEO
Hard to believe that JA Worldwide (JAWW) is celebrating their 100 year
anniversary! Equally as impressive is the fact that JAWW was recently
ranked #7 in a global list of 500 of the world’s best not-for-profit
organizations. Surviving a century of world events and landing in the top
10 of the world’s best, is no small feat!
As a proud member of the global JA network, we are delighted to deliver
on the impactful work of this brand in Central Ontario. This last year once
again provided applause and gratitude from teachers, corporate partners,
volunteers, parents and donors for the fact that what we do is so critically
important to the next generation. Household debt continues to rise and
young people living in a ‘cashless society’ fail to understand the value
of money and how to care for it. The good news is that JA is creating
a pipeline of entrepreneurs and raising a generation of astute money
managers. Skills and job expectations are changing dramatically, and JA is
paving the way to this change.
Year-over-year we are overwhelmed at the stories we hear from volunteers
who have been in the classroom or mentored students in Company
program. Our work would not happen without them and for that we are
most grateful. These volunteers have experienced first-hand the value of
what we teach, and repeatedly we hear our volunteers say: “I wish I had a
JA program when I was in school!”
To those reading this message and the highlights of our last fiscal
contained in this report, thank you. We appreciate the part you played in
fueling our responsibility to improve the money-management skills of the
next generation, to add value to their choice of career and to spark the
entrepreneurial spirit that will drive economic gain for our city, province
and country. Your friendship is valuable to us and we are most grateful.
Sincerely,
2 Annual Report 2018-19 | JA Central Ontario
1,978In-School Programs
In-School Programs
JA In-School Programs provide students an opportunity to explore concepts related to
responsible money management, entrepreneurship and workplace readiness. Trained volunteer
facilitators share insights and connections from their educational and work experiences to add
relevance to the learning.
SJA More than Money - grades 4-6
SJA Our Business World - grades 4-6
SJA Be Entrepreneurial Jr - grades 4-6
SJA Dollars with Sense - grade 7
SJA Economics for Success - grade 8
SJA Personal Finance - grades 9-12
SJA Investment Strategies Program - grades 9-12
SJA Company Program - grades 9-12
Across Central Ontario, the following JA programs were offered:
3,994Volunteers
45,768Students
For more details about our programs, please visit www.jacentralontario.org/our-programs/.
JA Central Ontario | Annual Report 2018-19 3
JA Field Trips
SAccenture
SAGF
SAIG
SCIBC
SColliers
SDeloitte
SFidelity
SFranklin Templeton
SManulife
SMarsh
SNOKIA
SOntario Trillium Foundation
SQuestrade
SRBC
SSAP
STD
STELUS
STMX
JA Field Trips provide students with a unique “out of classroom” learning experience. Hosted at a corporate office, post-secondary or community venue, students hear from industry experts and participate in a JA program led by an engaging
team. Participating in a field trip allows students to experience first hand what a corporate or post-
secondary environment is like.
24Field Trips
4,900Students
590Volunteers
Thank you to our partners who sponsored a JA Field Trip:
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Company Program
1,000+Students
$70,000+in Sales
63Companies
350+Volunteers
In the fall, our 2018 Company of the Year, myCryptoHippo, participated in the FedEx Junior Business Challenge at the PGA TOUR Championship in Atlanta. They were successful in competing in a Dragons’ Den style competition, pitching their business idea to a panel of judges. As the winning team, JA Central Ontario was awarded the grand prize - a $75,000 USD donation from FedEx.
FedEx Junior Business Challenge
Company of the Year
This year, AcornTalent was the recipient of our Company of the Year award. This student-run company focused on helping STEM students get their first job in data science through digital quizzes, hackathons and recruitment events.
Company Program is a hands-on business and career skill-building program for high school students. With mentorship from Volunteer Advisors, these young entrepreneurs worked together as a team to create, build and liquidate their very own business in 18 weeks.
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Company Program Events
Student Networking/ Governors’
DinnerWorkshops
Trade Show Interview Night ventureON
Student Management
Training
As part of the JA Company Program experience, students have additional opportunities to participate in events which include skill-building, networking and the application of new business skills. Below is an overview of the events offered to support this entrepreneurial experience. For more information about the Company Program experience, please visit www.jacocompanyprogram.ca.
“I enjoyed everything, from the keynote speaker to the breakout sessions. However, I think the best part was the networking
opportunity we were given. I met some amazing people.”
-JA Company Program Student, Student Management Training
Nov. 28, 2018 Dec. 1, 2018
Mar. 14, 2019 Apr. 24, 2019 May 15, 2019
Multiple Dates
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JA World of Choices
Milton Financial Literacy
5Events
855Students
In May 2019, we hosted our first financial literacy event for Milton students. Thanks to support from the Ontario Trillium Foundation*, over 400 grade 7 students learned from mentors and industry experts about currency and what it means to be SMART consumers. The insights shared, provided students with a basic understanding of what it takes to successfully manage their financial futures.
Throughout the year we hosted several JA World of Choices events for high school students. Through engaging career mentors and inspirational speakers, students learned about the limitless opportunities available to them as they consider their future educational and career pathways.
439Students
4,110Volunteers
*The Ontario Trillium Foundation (OTF) is an agency of the Government of Ontario, and one of Canada’s leading granting foundations. OTF awarded more than $120 million to some 700 projects last year to build healthy and vibrant communities.
JA Central Ontario | Annual Report 2018-19 7
Volunteer Spotlight Joanna Williams One of our very dedicated JA volunteers, Joanna Williams, is the 2019 Royden Richardson National JA Volunteer Recipient. As a JA Central Ontario volunteer for more than 18 years, Joanna is more than deserving of this recognition. She has facilitated more than 200 programs with JA as an in-class program volunteer and after-school Company Program Advisor. Congratulations Joanna and thank you - we are most grateful for your continued dedication! 1,500+
Volunteer Hours
Volunteer Impact
4,110Volunteers
2,721Corporate In-School & JA Field Trip Volunteers
579Community In-School & JA Field Trip Volunteers
291Teacher-led Program Volunteers458
Company Program Advisors & CP and Alumni Event Volunteers
61Board Members & Office Volunteers
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30th Annual Governors’ Dinner
$557,003 10,000
DollarsRaised
Students Benefited
JA Central Ontario hosted a very special Governors’ Dinner marking the 30th anniversary of the event while also celebrating the Homecoming 50th Anniversary of the Charter. James Cunningham lead the guests through a night commemorating the important work of JA Central Ontario and highlighting inspiring stories of entrepreneurial success from JA Alumni. The founder of our Charter, Doug Roberton, was also in attendance to partake in the celebrations (featured in photo above).
Presenting Sponsor Thank you to our Additional Sponsors:
SADP SSAP STD STangerine
JA Central Ontario | Annual Report 2018-19 9
32nd Annual Golf Classic
$154,000 2,650
DollarsRaised
The prestigious Mississaugua Golf Course hosted our 32nd Annual Golf Classic this June, with golfers braving the rain and steadfastly supporting our students. We managed to have a great day on the course while raising important funds for our programs.
Presenting Sponsor Thank you to our Additional Sponsors: SBroadridge Financial Solutions SColliers SCIBC SGrant Thornton SPlan Group SQuestrade
JA Central Ontario
32nd
Students Benefited
10 Annual Report 2018-19 | JA Central Ontario
Top Corporate Donors
Volunteers Engaged
Over $100,000In order of student reach
322
139
We are most grateful for the following donors and are pleased to acknowledge their support of JA Central Ontario’s programs.
241
244
330
Student Reach
4,514
1,572
4,496
2,597
4,320
JA Central Ontario | Annual Report 2018-19 11
Corporate Donors Financial support from a broad community of corporations allows JA Central Ontario to invest in the leaders of tomorrow.
$30,000 to $99,999In alphabetical order
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Corporate DonorsCorporate Donors
$15,000 to $29,999In alphabetical order
Real Estate Management Services
JA Central Ontario | Annual Report 2018-19 13
Corporate Donors
Thank you to the following donors. With your support, we were able to offer programs to youth across Central Ontario. For a full list of our corporate donors, plesae visit: www.jacentralontario.org.
S AIG
S Allegis Group Foundation
S Allstate Insurance Company
of Canada
S Altus Group
S Broadridge Financial
Solutions (Canada) Inc.
S Burgundy Asset
Management
S Camp Jefferson / Jungle
Media
S Canada Life
S Capital One
S Chep Canada
S CI Financial Corp.
S Commonwell
S Crestview Strategy Inc.
S DUCA Financial Services
Credit Union Ltd.
S Economical Insurance
S Element Fleet Management
S Export Development Canada
S Finastra
S Fundserv
S General Electric Canada
S Hugessen Consulting
S IBM Canada Ltd.
S IIAC
S International Financial Data
Services (IFDS)
S Investment Industry
Regulatory Organization of
Canada (IIROC)
S InvestorCOM Inc.
S Jarislowsky Fraser Ltd.
S Knowledge First Financial
S Lee Hecht Harrison
Knightsbridge
S Marks & Clerk
S Mastercard
S Mercedes-Benz Financial
Services
S Moneris Solutions Corp.
S Newmarket Tay-Power
Distribution Ltd.
S No Fixed Address
S Northbridge
S Ontario Securities
Commission
S Osler Hoskin & Harcourt LLP
S Oxford Properties
S Pelmorex Corp.
S People Corporation
S Pepsico
S Plan Group
S Porsche Cars Canada
S Questrade
S Reckitt Benckiser (Canada)
Inc.
S Salesforce.org
S SAS Institute (Canada) Inc.
S SGH Design Partners
S Soroc Technology Inc.
S Starke Realty
S State Street Trust Company
Canada
S Suez Water Technologies &
Solutions
S Sutter Hill Development
Corporation
S TD Greystone Asset
Management
S TD Securities Underwriting
Hope Fund
S TELUS
S Thomas, Large & Singer Inc.
S UBS Bank
S Zurich Canada
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Did you know many employers encourage
volunteerism and philanthropy among their
employees?
Check with your HR department today and find out if your organization has a
matching program.
Thank you to our committed volunteers who have supported our work through
employee volunteer grants.
S Ally Chimienti
S Amit Brahme
S Andy Montgomery
S Anndrea Chan
S Asma Haneef
S Bryceson Dodge
S Chandra Smith
S Charlotte Huang
S Chloe Scott
S Daniel Chertic
S David Mendez
S Denholm Kendall
S Forum Kapadia
S John Mazzawi
S Johnny Mazzawi
S Joy Gonsalves
S Kanwar Puneet Singh
S Keith Burt
S Kristina Szoke
S Lena Baho
S Lin Shi
S Margaret Veldman
S Matthew Ryan
S Mohammed Ali
S Nicholas Giardini
S Pafoua Vang-Facey
S Pairavi Srikanthan
S Paula Austin
S Sarah Hutcheon
S Shane Parreno
S Smruti Patel
S Stephanie Fadous
S Steve Tyers
S Sunayna Ali
S Thomas Leung
S Vrushti Shah
Corporate Volunteer Grants
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SBMO Institute for Learning S Idealogical Systems SDentons LLP SBrookfield Properties
SCreative Space SSeneca College SThe Village Hive
Gifts in Kind
SA.W.B. Charitable Foundation SActuarial Foundation of Canada SCadillac Fairview SCaldwell Securities Ltd. (Caldwell Foundation) SPeter & Catherine Clark Family Foundation SJohn Deere Foundation of Canada
SOntario Trillium Foundation SR. Howard Webster Foundation SRobert Kerr Foundation SRotary Club of Barrie SRotary Club of Whitby Sunrise SThe Catherine and Maxwell Meighen Foundation
Foundations & Grants
JA Central Ontario is one of only 200 out
of the 89,000 not-for-profit organizations in Canada accredited by
Imagine Canada.
JA Supporters
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S Abas Kanu S Adejisola Atiba S Adriana Finelli S Ajai Bambawale S Alana Shaver S Alex Du S Alex Pettes S Alex Todd S Amanda Fleet S Andrew Murphy S Andrew Volpe
S Andy Montgomery S Anil Jamani S Anil Passi S Anthony Boright S Ashton So S Brent Johnston S Brian Prentice S Bryceson Dodge S Calvin Pascall S Cameron Murray S Carol Lynde
S Carolyn Coad S Charles Macfarlane S Charles Malcolmson S Chris Cornell S Chris Manning S Christina Eaton S Christine Pearce S Chuck Scott S Colin Bosa S Colin McCallum S Corey Baker
S Dalal Zayouna S Damianos Eleftheriou S Dan Richmond S Darrell Bartlett S Dave Reece S Dave Schwertfeger S David Drury S Denise Costa S Dennis Ko
Individual Donors Our individual donors provide funding to allow us to reach more students. Thank you, we are most grateful for your support. For a full list of all of our individual donors, please visit www.jacentralontario.org.
S Derek Szeto S Donald Fisher S Doug Sarro S Duncan Sinclair S Ed & Michele Keohane S Erica Hughes S Fayaz Suleman S Feng Zheng S Frances Scarcelli S Gale Carey
S Gary & Joanne Reamey S George Monize S Gerjon Kalaco S Gianluca Cairo S Glenn Daurio S Graham Clark S Grant Wallace S Gurreet Sidhu S Ian Russell S Ian Tolliver
S Jacob Pinto S Jacqueline & Roy Benin S James Cunningham S James Gilles S James Mackintosh S Jamie & Karen Collins S Jane Eisbrenner S Janelle St. Omer S Jay Gould S Jay Wiltshire
S Jean Desgagne S Jean-Paul Marmoreo S Jennifer Cutajar S Jennifer James S Jennifer Lim S Jim White S John Brenko S John Cucchiella
“JA is a valuable experience for my students. Every year, I request a program because I know that this opportunity connects my students with experts and draws on their expertise to help my students build financial awareness and literacy.”
-Grade 7 Teacher, 2019
JA Central Ontario | Annual Report 2018-19 17
S John Duda S John Tanfield S Joy & Eddie Gonsalves
S Juste Songailaite S Karen Goodson S Karim Kanji S Karrie Van Belle S Katherine MacMillan S Keith Burt S Kezhi Jin S Kristina Szoke S Kunal Shah S Laura Pillsworth S Lawrence Ritchie S Len Lim S Leslie Rivers S Lorne Daley S Louisa Lau S Louise Mangalino S Lynn Gonsalves S Margaret Blake S Margaret Veldman S Maria Pimenta S Marthy Raci S Matthew Chou S Matthew Williams S Michael Gilbert S Michelle Cowan S Michelle Leuschner S Michelle Micuda S Mira Shemtov S Moira Klein Swormink S Monica Reddon S Monique Allen S Mun Wai Ho S Nadeem Shabbar S Nardine Flaro S Nichole Quan S Nicole Yeomans S Pafoua Vang-Facey
S Paul & Sue Riedlinger S Paul Cusi S Paula & Bill Roberts S Pauline Armour S Pauline James S Raj Buttar S Randy Reid S Richard Morris S Richard Skippon S Rick Matthews S Rino D’Onofrio S Robert Baillie S Robert Courteau S Roy Fraser S Ryan Fagan S Sarah Hutcheon S Sarah Robson S Scott Clark S Scott Dodd S Shana Bates S Sonya Sherwood S Sooky Lee S Spatzie Dublin S Stephanie Brown S Stephanie Fadous S Stephen Remedios S Steve Holder S Steven Elliott S Steven Haasz S Stuart & Ruth Davis S Sunir Chandaria S Tania Litsos S Thomas Leung S Tim Baxter S Tim Lefebvre S Tracey Bissett S Uros Karadzic S Vera Veljanov S Wayne Bolton S Anonymous
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Board of DirectorsCatherine Perry-RobertsonLeadership Volunteer
Chris CornellPartner, Audit Financial ServicesKPMG
Chris ManningSVP, Global Risk ManagementScotiabank
Chuck ScottCEO, CanadaCushman & Wakefield
Dean HopkinsChief Growth OfficerOneEleven
Hitesh PeshavariaPartner Deloitte
John DudaExecutive VP, CanadaColliers International
Jon TaylorBoard ChairSenior PartnerGovan Brown
Joseph MullinsSVP & Head GM, Canada Professional ServicesSAP Canada Inc.
Kevin NicholsVP, FinanceHSBC
Michelle CowanRegional VP, MarkhamRBC
Nardine FlaroRegional VP, Personal BankingBMO
Paul RiedlingerLeadership Volunteer
Richard SkipponPartnerErnst & Young (EY)
Roy BeninPresidentACE Bakery
Sally AnPartner, Audit & Assurance GroupPwC
Stephanie BrownVP, Finance InnovationTD Bank
Stephanie FadousSVP, Actuarial Policy, Actuarial GroupManulife
Steve TyersSVP, Region Head, GTA EastCIBC
JA Central Ontario | Annual Report 2018-19 19
Board of GovernorsAndrew VolpeDirector & Portfolio ManagerJarislowsky Fraser
Anil PassiManaging DirectorDBRS
Benjamin TalDeputy Chief EconomistCIBC
Brent JohnstonPresidentRogers Communications
Cameron MurraySVP, Client Services & CIOFidelity Investments Canada
Christina EatonLeadership Volunteer
Corey BakerVP Finance & CFOPepsi Co.
Darrell BartlettChief Compliance OfficerKnowledge First Financial
David RustonPartner, Canadian Patent AgentMarks & Clerk
Derek VernonCP, Head, Enterprise Payments ModernizationBMO Financial Group
Duncan SinclairChairmanDeloitte
Edward KeohaneSVP, Wealth Management Client SolutionsScotiabank
Fayaz SulemanVP & CFOBurgundy Asset Management Ltd.
Ian RussellPresident & CEOIIAC
Jamie CollinsVP, Personal Landing & Board ChairTD Bank
Jay WiltshireVP, Institutional RelationshipsTD Greystone Asset Management
Jean DesgagnéLeadership Volunteer
Jeffrey AllsopEVP & Managing Director, Head of Global BankingHSBC
Jeremy JagtPartnerGrant Thornton LLP
Jim AbernethyEVP & CFOMarsh
Jim WhiteChief Sales Officer & EVP Commercial InsuranceHUB International Ontario Ltd.
Jim CucchiellaLeadership Volunteer
Karim Kanji President & CEOSutter Hill Investment Corp.
Karrie Van BelleSVP, Head of Marketing & CommunicationsAGF
Katherine MacMillanPresident & CEOIFDS
Larry RitchiePartnerOsler
Margaret BlakeVP, Merchandising & PurchasingStaples Business Advantage
Ramy DimitryCFOTangerine
Rhonda KloslerNational COORSM Canada
Richard HeraldPresidentNokia Canada Inc.
Rino D’OnofrioSVP, Insurance BusinessRBC Insurance
Robert BailliePresident & CEOState Street Trust Company Canada
Ryan FaganEVPAltus Group
Sander Van DuijnVP, America’sIce Mobile
Sarah RobsonPresident & CEOMarsh Canada
Stuart DavisGlobal Head, Financial Crimes Risk ManagementScotiabankTim Lefebvre
Managing DirectorAccenture
Wayne BoltonPrincipal, ComplianceEdward Jones
20 Annual Report 2018-19 | JA Central Ontario
Financials2019 2018
ASSETS
Cash and Investments $2,138,284 $ 2,153,240
Accounts Receivable and Other Assets $368,282 $342,778
Total Assets $2,506,566 $ 2,496,018
LIABILITIES
Accounts Payable and Accrued Liabilities $143,758 $167,447
Deferred Contributions $88,320 $91,000
Total Liabilities $232,078 $258,447
NET ASSETS
Unrestricted $574,488 $837,571
Endowment Fund $500,000 $500,000
Internally Restricted $1,200,000 $900,000
Total Net Assets $2,274,488 $2,237,571
Total Liabilities and Net Assets $2,506,566 $2,496,018
STATEMENT OF OPERATIONS for the year ended June 30, 2019
REVENUES
2019 2018
Program Designated Contributions $1,521,311 $1,514,183
Donations and other Contributions $232,098 $223,769
Special Events $701,538 $644,770
Interest and Other Income $80,859 $35,430
Total Revenues $2,535,806 $ 2,418,152
EXPENSES
Program and Materials $1,146,738 $1,071,460
Special Events $204,420 $203,049
Resource Development Personnel $338,759 $299,658
Administrative Personnel $411,017 $420,023
Office and General $194,544 $150,796
Marketing $74,959 $48,465
Facilities and Amortization $152,621 $149,930
Total Expenses $2,523,058 $2,343,381
EXCESS OF REVENUES OVER EXPENSES BEFORE UNDERNOTED ITEM $12,748 $74,771
Unrealized Gain (loss) on Investments $24,167 $46,351
Excess of Revenues over Expenses $36,915 $ 121,122
STATEMENT OF FINANCIAL POSITIONas of June 30, 2019
36,818 Students Waiting for Our Programs.
We Need Your Help to Reach More Students!
Your support fuels our ability to expand our reach, giving more young people the opportunity to learn critical life skills. Whether you volunteer, support us as a corporate partner, provide a gift as a donor, or join the conversation on social media, we encourage your involvement as it impacts the financial well-being of our youth and future leaders. With your continued support, we can continue to ensure youth have the foundation of knowledge that will set them up for a successful future.
Please visit www.jacentralontario.org to learn more about the ways you can support.
Our programs are provided at no charge to schools, students or parents. This is only possible through the funding from our partners and supporters.
A Member of JA Canada
JA Central Ontario
133 Richmond Street West, Ste 405Toronto, ON M5H 2L3416-360-5252www.jacentralontario.org
Charitable Registration #10755 4297 RR0001
@JACentralON @JACentralON @JACentralON JA Central Ontario
We’re on a mission to inspire and prepare young people to succeed in a global economy.
We’re on a mission to inspire and prepare young people to succeed in a global economy.