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TABLE OF CONTENTS
LEADERSHIP ADDRESS _______________________________1
A CONVERSATION WITH JOSEPH A. PERI_____________2
ORGANIZATIONAL PROFILE ___________________________3
IMPACT BY NUMBERS ________________________________4
“…we
stillh
LEADERSHIP ADDRESS doin
delive
meeti
ringe
c o
avem
ngth
e
uchw
chall
e
orkt
n g e
o
progra n o mice o f
This past academic and fiscal organization focused on msa duca
they ndex tion
year proved to be one of advocacy and providing
oung perien
people c esto
extraordinary change and programs in economic and Citya ofN
ndLo ewYo
challenge for our nation, our financial education for
ngIsl rk
city and for our organization. teachers and students in and.”
The recent turbulence in the grades K-12. His work in the Anré
Willia
financial markets and the not-for-profit sector spans ms
recession that followed, over 25 years, including 14
significantly impacted the with CEE, where he previously
not-for-profit sector. Junior served as Executive Vice
Achievement of New York President and Chief Operating
saw financial and volunteer Officer, and before that as
resources shrink as a result of Chief Financial Officer. Joe
the poor economy, corporate is a seasoned executive who
layoffs and downsizing. The brings a wealth of expertise in
financial and budgeting lessons both not-for-profit management
that we teach our youth and K-12 economic and
suddenly became paramount financial education. We are
for us, and we knew we had all enthusiastic about the
to act assertively and decisively future he envisions for Junior
to survive this challenge. Achievement of New York.
We are moving forward We invite you to join us in
by controlling expenses, celebrating outstanding
and driving operational and individuals in the JA New York
programming efficiencies that community who have stepped
will balance commitments with up to take on the challenge of
costs. However, we still have inspiring others by giving back.
much work to do in meeting By investing time and resources,
the challenge of delivering and by exposing young
much needed economic people to real choices and
education programs and opportunities, they motivate
experiences to the young young people to take charge
people of New York City and of their future. Their stories
Long Island. I am deeply demonstrate that while
appreciative of the support and achievement isn’t easy,
dedication of my fellow Board anything is possible when
he
members, JA New York staff, encouragement, drive and
e r ,t n
nn ow
Bo thet
as well as funders and other opportunity meet. We present to
n e n
Ja efor nd,i
partners, for their hard work you Junior Achievement of New
and support to keep JA New York’s 2010 Annual Report— a n i v l a
m t Is d
wo senta ong dwar t
cil
York on a steady course. Profiles in Achievement.
n r e , L E o n e
u
Cou lrep aven d
Following the retirement
a h , an orM eth
of our long-time President, loc rook ounty alf brat High
B
of olk
C cip cele ork ed
rin , Y sor n.
ool
Douglas E. Schallau, we are
f f l , P h w o n
u l e sp tio
fortunate to have identified S e Sc N
a ssw igh J A am, unda r
and hired Joseph A. Peri to C H i gr o ei
Anré Williams ai ina pro ridF rth
lead Junior Achievement of Sin ntS e s G f o
Board Chair u ero nal red ncial
Mo olH
New York into a new era of
ho tio ono fina
Na reh
Junior Achievement of New York
Sc e
growth and excellence. Joe
e l
Th w e th loca s.
President, Global Commercial
most recently served as Acting y t s i s e
b
de n a o f nt
or ient stude
Card, American Express
Stu tst
President and Chief Executive
t
Officer of the Council for or quo chool
eff acy s
Economic Education (CEE), r ry
a leading economic education lite enta
m
ele
1
JUNIOR ACHIEVEMENT OF NEW YORK, INC.
JOSEPH A. PERI
A CONVERSATION WITH
PRESIDENT OF JA NEW YORK
JUNIOR ACHIEVEMENT OF NEW HOW DOES JA NEW YORK EXPECT programs have a positive
YORK WAS BORN ON THE EVE OF TO MEET THESE CHALLENGES? effect on youth development
THE GREAT DEPRESSION. HOW in general as kids gain
Our mission is to “inspire
RELEVANT IS THIS HISTORY TO important school and workplace
and prepare young people to
THE CHALLENGES YOUNG PEOPLE skills, learn how to prepare
succeed in a global economy.”
FACE TODAY? for their financial futures,
We do this by matching
and come to understand how
We are at a very critical time in corporate and community virtually every other private,
success in work and life can
our nation’s economic history, partner volunteers with public, and not-for-profit entity,
be achieved. And all of this:
just as we were during JA New schools and classrooms must learn to do business in a
showing kids how business,
York’s early days. I’m proud to throughout NYC and Long new way. We have tightened
and entrepreneurship works,
have the opportunity to lead an Island. These volunteers teach our budget, as you’ll see in the
and teaching them how to think
organization that is focused on K-12 students financial literacy, following pages. We have
entrepreneurially, whatever
achievement and success in entrepreneurship, and work cultivated new talent through
career path they choose—
both good times and bad. readiness skills. recent staffing hires. Together
plays an important role in
While most commentators are with our existing staff, they are
But these content skills, the economic development
interested in the effects of the helping us accomplish more
important as they are, are only and competitiveness of the
recent financial crisis and with less. We are diversifying
part of the impact of a Junior United States.
recession, does anyone doubt our fundraising targets and
Achievement experience. JA’s
the importance of strong WHAT IN YOUR BACKGROUND approaches; we are boosting our
extraordinary volunteer role
financial literacy skills, even DO YOU DRAW ON TO HELP GUIDE outreach efforts. We are going to
models bring their own
in “good times?” Is vibrant JA NEW YORK? build new business, education,
passion, knowledge and
economic development only and community partnerships to
positive attitudes to help Having been in the not-for-profit
important now that we face a help us meet current demand
inspire and motivate young sector for 25 years, I have gained
more uncertain future? I would and growth targets.
people. Students are able to a good understanding of what
argue the answer to these
envision possibilities and success looks like for an WHAT DOES ACHIEVEMENT
questions is no. However, it is
opportunities they may not organization, and how to get LOOK LIKE FOR JA NEW YORK?
fair to say that the recent crisis
have thought of, or had access there. I have twice before joined
has created a greater sense of There is great opportunity for us
to. They see the connection organizations that were at critical
urgency in addressing these throughout New York and Long
between hard work, staying in turning points in their long
issues. That’s why I think now, Island. Our work is more
school and pursuing further histories, so I am comfortable
more than ever, the work of relevant now than ever before,
education, and success; they with taking on both the
Junior Achievement is relevant given new financial realities,
grow to understand how their challenging environment and the
and necessary. global competition, and new
personal success helps advance exciting opportunities that we
WHAT ARE SOME OF TODAY’S societal good. And while these face. For the last 15 years, I have competencies needed by young
CHALLENGES, OTHER THAN THE experiences and lessons are worked specifically in the field people in the 21st Century
OBVIOUS ECONOMIC ONES? valuable across socio-economic of K-12 economic and financial economy. There is increasing
lines, they are especially education and my formative demand in the schools for what
You cannot read or watch the we do. And Junior Achievement
relevant to underserved professional years were spent
news today without coming is a tremendous brand with a
populations and communities. as a CPA in both public and
face-to-face with discouraging proven track record of success.
corporate accounting. So, I am
economic news. But the When you put this all together, We have been working with
well-versed in the value we
growing debate about the the work of Junior Achievement young people in NYC and Long
bring, and where to look for
eroding state of education is really about addressing some Island for over for 80 years.
opportunities. Ultimately, the
in our country, and its of the critical educational and During this time, we’ve
bottom-line for us is the same
repercussions, impacts not economic issues that we face positively impacted the lives of
as it is for private sector
just the future of our children, today. For example, we are in millions of kids. For JA New
business: good management,
but also our nation’s ability the midst of a national high York, “achievement” will
customer-focused products and
to compete on the global school dropout crisis, mainly ultimately be measured by
services, and sound financial
economic stage. In many ways, in the largest urban areas of building on the lessons of past
practices add up to success.
I believe that these conditions our country. By demonstrating successes to help shape,
bring into sharper relief longer- to young people the value of HOW HAS JA NEW YORK improve, and expand upon JA’s
term issues and threats to our staying in school and pursuing MANAGED THROUGH THE human capital investment in the
economic well-being. further educational opportunities, CHALLENGES OF THE PAST YEAR? lives of young people. I invite
Junior Achievement programs you to read on to meet some of
If there is any one thing that has
are helping to address this the people who are making this
been spotlighted in the past
problem. Junior Achievement happen right now.
year, it is that JA New York, like
2
2010 ANNUAL REPORT
2009-2010
ORGANIZATIONAL PROFILE
ABOUT JUNIOR ACHIEVEMENT and interpersonal relations. Crystal Sampson, Partner, PROGRAM LIST
OF NEW YORK They also learn the importance Ernst & Young, LLP, serves as
For more than 80 years, Junior of staying in school, as well Chair of the 20-member JA The following Junior
Achievement of New York (JA as personal and financial New York Associate Board. Achievement of New York
New York) has delivered management skills. programs and experiences
economic education and OUR BUDGET were delivered during the
empowerment programs to OUR VOLUNTEERS During the 2009-2010 2009-2010 program year.
NYC and Long Island students. Our volunteer pool is as fiscal/school year, JA New
Through a dedicated volunteer diverse as the students it York raised $3,783,000 from
network of corporate and serves. During the 2009-2010 corporate contributions, special Elementary
community individuals, JA New school year, more than 4,000 events revenue, individual Ourselves®
York provides high-quality K–12 corporate, community and gifts and foundation grants to Our Families®
in school, after school, and student volunteers mobilized to cover operating expenses of Our Community®
summer educational programs. deliver JA economic education $3,747,000. Contributions to Our City®
programs to local area students. JA New York, a 501(c)3 not- Our Region®
JA New York is the local What they all have in common for-profit organization, are tax Our Nation®
affiliate of Junior Achievement is a desire to contribute to the deductible to the full extent JA More than Money™
Worldwide, the world’s largest communities in which they live allowable by law.
and fastest-growing organization and work. Volunteers use their Middle
dedicated to inspiring and insight, their knowledge and WE MEET STANDARDS JA Economics for Success®
preparing young people to their experiences to inspire OF CHARITY ACCOUNTABILITY JA Global Marketplace®
succeed in a global economy. NYC and Long Island students. JA New York participates in the JA It’s My Business!™
JA educational programs focus Better Business Bureau (BBB) JA America Works!™
on three key content areas: OUR LEADERSHIP AND Charity Seal Program, a symbol JA Finance Park™
work readiness, entrepreneurship GOVERNANCE to donors that our organization JANY University
and financial literacy. Joseph A. Peri serves as has met the 20 Standards
President and Chief Staff Officer. for Charity Accountability. High
Today, 126 individual area Mr. Peri leads a 26-person The 20 standards evaluate JA Success Skills®
operations reach more than professional staff. Anré Williams, charities’ financial JA Careers with a Purpose™
four million students in the President, Global Commercial accountability, governance JA Company Program™
United States, with an Card, American Express, serves and oversight, effectiveness JA Business Ethics™
additional 5.7 million students as the volunteer Chair of a measures, fundraising and Junior Achievement Presents:
served by operations in 122 49-member JA New York Board informational materials. The NEFE High School
other countries worldwide. For of Directors. Financial Planning Program™
more information about JA JA Job Shadow™
New York and its programs, JA Exploring Economics™
t
ffor
nde
visit www.jany.org. JA Banks in Action™
a
tim e time
ll the a b out JANY University
OUR KEY PROGRAMS a e
for ingm pand
JA New York Business
Programs with age-appropriate
k you l ig hten s hi g
“Tha
n e n neu r ythin
Plan Competition
curricula are designed to teach
p u t into n tr epre a y ever
he
JA New York Youth
you ent,
e s oft
can
art
elementary students about their
n agem t t e.I p
Leadership Conferences
roles as individuals, workers m a iqu e g a ad r o
sset bein bass
JA New York High
e e m
and consumers and to prepare bu sin w h il
nt A life,
ired tude my
School Heroes
c qu S l in
k fu
middle and high school
Ia Yor use
JA New York Business
New been ejob
JA hth nd
students for key economic and
s g inga
a Education Days
m h h r ou k
career challenges they will
r a s t o r
Prog itw
a
rne
tw sines
s
her ss,o hbu me
face. Through role-playing,
he t o c e w it u t
computer-based simulations, w
ie w pr io n s hip it elyp
v t in
inter rela def
York
board games and classroom
il dinga e w c cess.”
discussions, students learn job- bu J A N t osu
le . th
peop tpa
n
Wilso
hunting skills, budgeting
t h erigh ake
sha
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techniques, communication N m n
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JA n,J
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Wale
3
JUNIOR ACHIEVEMENT OF NEW YORK, INC.
2009-2010
IMPACT BY NUMBERS
IMPACT DATA
Geographic Footprint: NYC and Long Island
Staff Members: 26
Office Locations: 2
Student Reach: 60,584
Elementary Students: 38,673
Middle School Students: 11,002
High School Students: 10,909
Student Mix:
Elementary 64%
Middle 18%
High 18%
Volunteer Pool: 4,418
Classes Taught: 2,653
4
2010 ANNUAL REPORT
WHERE ARE
ALUMNI PROFILES
THEY NOW?
Have you ever wondered what happens to the JA students you
encounter over the years? We caught up with two former JA students
residing in the New York City/Long Island area to talk about life after
JA and to see how their formative JA educational experiences have
helped to position them for success.
5
JUNIOR ACHIEVEMENT OF NEW YORK, INC.
6
2010 ANNUAL REPORT
nt
veme
celebrity “glam squad” to come when called upon to do so.
chie
and work on her makeup and This is what I would like to
A
hair. She even planned for convey and impress upon
The tion:
Molly Simms to come in and any student wanting to enter
E q u a = Succ
ess”
practice a runway walk with this field.”
y the excited young teen. Denise
unit She continues, “A lot of kids
Op port says being a part of a young
on+
just think it’s easy to become
ti girl’s dream come true was
para a designer, or a stylist. It’s not
“Pre beyond rewarding.
easy, but there are so many
So far in her career, Denise more opportunities available to
has assisted with backstage those who are willing to work
reporting at some of the for it,” she says. “You can work
fashion industry’s top runway on the retail side, be a creative
shows and red carpet events, director, work in fashion pr, or
many of which have been work on advertising campaigns—
featured on network and cable the opportunities are endless.”
TV shows including: GMA,
She also wants students to
Oprah, CNN, NBC, FOX, CBS
friend’s parents in Long Island. consultations with designers know that in the digital age,
EARLY SHOW, VH1, E!,
Each day, she commuted into and global brands. Her hard technology, when used the
Extra!, ET, and BET.
the city, but she didn’t take any work has paid off. Denise has right way, can give them a
Denise has also helped style competitive edge.
experience for granted. She made an impression on some
some of Hollywood’s most
made sure she got the most of the biggest names in the “In just a few minutes you can
fashionable celebrities including
out of her internships. She industry, and she has developed research a company before
Molly Sims, Jennifer Lopez,
networked with everyone at a reputation as a talented and interviewing, and you can read
Fergie, Michelle Monaghan,
the company and learned the resourceful fashionista. and access fashion magazines
Hilary Rhoda, Liv Tyler,
ins and outs of the business. and archives from all over
Denise loves that no two days Renee Zellweger, Halle Berry
She says this “real world” the world. If you like writing,
in her job are the same. The and Sarah Jessica Parker to
education taught her more than try blogging about fashion.
adrenaline of the constant name a few. Her contributions
any course she took at school. All of these initiatives will
change is ideal for her go- have also supported fashion
She was interning at Harper’s getting personality, but she’s give young up-and-coming
features in top fashion
Bazaar for eight months seen a lot of girls buckle under fashionistos an edge over
magazines such as Harper’s
when she met Mary Alice the pressure and quit. In order competition and a head-start
Bazaar, Essence and Vogue.
Stephenson, who was to move up the ladder, she’s over previous generations.”
All this amounts to a pretty
working as a contributor for paid her fair share of dues. impressive resume for a By encouraging students to
the magazine. Denise was She’s had to steam a garment young woman who is just pursue their dreams and giving
looking to move into a stylist eight times to make sure it getting started. Denise has them tips on how to do so,
role. She quickly went to work looks perfect, go on coffee come full circle and is now Denise hopes to honor and
and served as fashion and runs more times than she can dedicating her time to contribute to positive
stylist assistant for high profile count, and stand on her feet inspiring young women and influences from her past—
fashion editors including Daria for hours holding dresses men to pursue their dreams like Junior Achievement. Her
Hines, Melanie Ward, Brana during a photo shoot. through Junior Achievement’s greatest wish is to impress
Wolf, Jenny Capitan, and Job Shadow Program. upon young people her
But there are obvious perks in
Amanda Ross. After these personal motto and equation
her job too. One of Denise’s She credits tenacity and hard
freelance stints, Stephenson of achievement: “preparation +
top experiences was working work with her ability to survive
hired her on a trial basis. Four opportunity = success.”
with the Make-a-Wish and thrive in the business of
years later, Denise has
Foundation to make a young fashion. “The real fashion game
expanded her role and is now
girl’s wish come true. It was the is hard work,” she says. “It’s
a studio and market director for
girl’s wish to wear a Roberto not just about, ‘oh this is cute,
the company, STEPHENSON.
Cavalli dress to the prom. and I like this outfit.’ The
In her position, she assists
Denise staged a celebrity fitting reality is that it’s a lot of work.
with styling for magazines,
for the teen, and on the day of You have to be on your toes to
celebrities and creative
the prom, she arranged for a think constantly and act fast
7
JUNIOR ACHIEVEMENT OF NEW YORK, INC.
CELEBRATING ACHIEVEMENT
ABOVE & BEYOND
2009-2010 CELEBRATION HONOREES
The 2009-2010 school year got off to a great start with the celebration of outstanding leadership in the JA New York community at the
2009 Annual Leadership Celebration Dinner at the World Financial Center Winter Garden.
2009 LIFETIME programs set a new standard knowledge, confidence and For many young people who are
ACHIEVEMENT HONOREE of corporate philanthropic social skills he felt he needed faced with overwhelming odds,
H Ronald Weissman excellence for board company to break out of his shell. it’s tempting to believe that the
Retired Partner, Ernst & Young partners. Looking back on only choices available lead to a
“It is clear to me that the
Retired Board Treasurer & Chairman of nearly three decades of service dead end. Fear of failure and
opportunities and experiences
the Audit Committee, JA New York to JA New York, he cherishes lack of opportunity either drives
presented by Junior Achievement
both the opportunity to give us to action or spirals us into
JA New York honored retired were instrumental in boosting
back to others and the wealth a state of despair. We may
Board Treasurer and Ernst my confidence and giving me
of unexpected benefits he has not recognize that our
and Young Partner, H Ronald the motivation I needed to excel.
enjoyed as a result. circumstances do not define us.”
Weissman, with a Lifetime In the past two years, I’ve given
Achievement Award, in 2009 STUDENT LEADER speeches at colleges, made After graduating from
recognition of his 28-years OF THE YEAR elevator pitches to potential Information Technology High
on the JA New York Board Sumit Pal investors and led a team of my School in Queens, Sumit
of Directors. Class of 2009, peers as CEO of a student-run enrolled at New York
Information Technology High School business enterprise. The Student University Polytech, where he
A former high school math Ambassador program gave me studies computer engineering.
teacher, Weissman transitioned Sumit Pal is an alum of the
the confidence to confront
his career to the corporate world Junior Achievement of New
my weaknesses.
where he excelled, eventually York Student Ambassador
rising to the position of senior program (2007-2008). Sumit
partner with top accounting attributes his experience at JA
firm, Ernst & Young. Under Mr. New York with giving him the
Weissman’s leadership, Ernst
and Young’s volunteer and fiscal
support of JA New York
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8
2010 ANNUAL REPORT
9
JUNIOR ACHIEVEMENT OF NEW YORK, INC.
INSPIRED ACHIEVER:
INTRODUCING KEITH KOCHIE
A NEW YORK VOLUNTEER PROFILE IN ACHIEVEMENT
The thing I am most I see the value in the work we
passionate about in life is… are doing, and I appreciate the
constant support from both my
Well, I feel very strongly
firm and my colleagues, who
about providing young
afford me these opportunities.
people with the best start
possible in life. Education and What do you find most
civic responsibility is really meaningful about the Junior
important to me. Each of us Achievement mission?
has a role to play in making
I’m hard pressed to find another
the world a little bit better
group of people who are this
for ourselves and others. We
passionate and committed in
all have something to give,
pursuit of their mission to
whether it’s time, money or
inspire and prepare young
even just an idea of how to
people to succeed in a global
solve a pressing social
economy. As an organization,
problem. I’m also passionate
its ability to adapt to the
about nature, my family and
ever-changing scholastic and
trying to be a good father and
economic landscape, to attract
role model. Last and not least,
dedicated and talented
I have a strong passion for
individuals, is unrivaled.
food. I was raised around the
rclaysCapitaland
KeithKochie,AVP,Ba food industry, and I enjoy What are your proudest
kc orp oratevolunteer.
proudJANewYor cooking as well as fine dining. accomplishments as a Junior
Achievement volunteer?
When and how did you first
become involved with Junior I’m most proud of succeeding
Achievement? in setting up an annual
City/state of birth: Who are your role models? scholarship fund at Forest Hills
I have been fortunate to work
Astoria, New York High School—the JA partner
My role models are not rich for two great firms: Goldman
school where I have been
City/state of residence: or famous. I admire people Sachs and Barclays. My first
volunteering for the last six
Florham Park, New Jersey much closer to home. My exposure to JA came back in
years. With the assistance of
grandmother taught me to 1995 when I participated in
College/degrees: the business school teacher
be charitable. My first boss, Goldman Sach’s first Bowl-A-
Baruch College (Robert Suydam) and the
Andrew Loungo, taught me the Thon. It was an amazing
BBA Business Management support of Barclays and JA
value of hard work, the value experience for all involved.
New York, we created a
Profession/title & responsibilities: of teamwork and how to be We managed to grow it from a
program to highlight and award
Financial Services resourceful and creative. small ten-lane event, to a two-
two students each year, whose
Industry/AVP/ Through his guidance, I day, 80-lane event, which
commitment exemplifies JA’s
Treasury Operations became better at mentoring netted over $125,000 to support
core values.
others to be successful at their JA New York’s programs. By
Number of years affiliated the time I left the company, I’m also very proud of the JA
jobs. He opened the door to
with JA New York: 15 participation in Goldman’s fundraising legacy I helped
my first business experience
and provided me with support annual Bowl-A-Thon event create at Goldman. I’m
during my days in high school had become contagious among fortunate to now have the
and in college. Finally, I admire company employees. It has support of Barclays to work
and have learned so much continued to evolve over in support of JA New York.
from my best friend’s wife— the years. I’m happy to say that we’ve
Valerie—who struggles daily already hosted successful cross
Whether it is teaching JA
with Chrohn’s disease. From divisional events at Barclays,
programs in the classroom,
her, I have learned so much and I look forward to continued
inspiring students to teach JA
about courage and strength growth and expansion.
programs to first and second
during life’s setbacks and grade students, hosting job
challenges. These are the shadow days, or being part of
people who have inspired JA New York’s Associate Board,
me the most.
10
2010 ANNUAL REPORT
11
JUNIOR ACHIEVEMENT OF NEW YORK, INC.
RAISING ACHIEVEMENT
EDUCATOR
GILBERTO VEGA
PROFILE
PRINCIPAL, ACADEMY OF FINANCE & ENTERPRISE
12
2010 ANNUAL REPORT
EDUCATOR
BOARD OF DIRECTORS
PROFILE
KAREEN JOAN FRANCIS
EDUCATOR, ACADEMY OF HOSPITALITY & TOURISM,
ERASMUS HALL CAMPUS
13
JUNIOR ACHIEVEMENT OF NEW YORK, INC.
14
2010 ANNUAL REPORT
BOARD OF DIRECTORS
ASSOCIATE BOARD
X. Rick Niu ASSOCIATE BOARD CHAIR Keith Kochie
Chief Marketing Officer Crystal L. Sampson Assistant Vice President
ING Retirement Partner Barclays Capital
Ernst & Young LLP
David Obstler Brian McMorrow
Chief Financial Officer
MSCI
MEMBERS Director Field Operations NYC
National Grid
Christopher Burke
Gavin G. O’Connor Managing Director Saidah Nash
Managing Director Collaboration, Inc. Vice President, Multimedia
Goldman Sachs Thomson Reuters
Dawn Carrillo
Peter Pamel Vice President, Paul Olson
Chief Executive Officer NY Metro Marketing Manager Director
Fillit Communications Banco Popular, North America Viscogliosi Bros., LLC
Doug Worman
Executive Vice President
Alterra Capital Holdings
Joanne Zaiac
President
Digitas, New York Region
17
JUNIOR ACHIEVEMENT OF NEW YORK, INC.
18
2010 ANNUAL REPORT
CORPORATE/SCHOOL PARTNERSHIPS
COMPANY S C HOOL LOC ATION
A.T. Kearney Murry Bergtraum High School for Business Careers Manhattan
American Express High School for Dual Language and Asian Studies Manhattan
High School of Economics and Finance Manhattan
MS 223 The Laboratory School of Finance and Technology Bronx
Murry Bergtraum High School for Business Careers Manhattan
Baruch College (Zicklin School of Business) Murry Bergtraum High School for Business Careers Manhattan
Norman Thomas High School Manhattan
PS 86 Kingsbridge Heights School Bronx
PS 230 The Doris Cohen Elementary School Brooklyn
Cogswell Realty Group, LLC PS 154 Harriet Tubman Elementary School Manhattan
Deloitte & Touche, LLP Academy of Hospitality & Tourism High School: Erasmus Hall Campus Brooklyn
Brooklyn Academy of Science & the Environment High School Brooklyn
Grand Concourse Academy Charter Elementary School Bronx
Mott Hall II Middle School Manhattan
PS 16 Leonard Dunkly Elementary School Brooklyn
PS 72 Manhattan Elementary School Manhattan
PS 198 Isador and Ida Straus Elementary School Manhattan
PS 212 Queens Elementary School Queens
19
JUNIOR ACHIEVEMENT OF NEW YORK, INC.
CORPORATE/SCHOOL PARTNERSHIPS
COMPANY S C HOOL LOC AT ION
Ernst & Young LLP Brooklyn School for Music & Theatre Brooklyn
Flushing High School Queens
PS 2 Meyer London Elementary School Manhattan
PS 230 The Doris Cohen Elementary School Brooklyn
Transfiguration Elementary School Manhattan
HSBC Bank USA, N.A. Andrew T. Morrow Elementary School Long Island
Bronx High School of Science Bronx
John Lewis Childs Elementary School Long Island
Lafayette High School Brooklyn
PS 140 Nathan Straus School Manhattan
PS 206 Joseph F. Lamb School Brooklyn
PS 212 Queens Elementary School Queens
PS 282 Park Slope School Brooklyn
JP Morgan Chase & Co. Barack Obama Elementary School Long Island
Floral Park Memorial High School Long Island
Jackson Annex Elementary School Long Island
Massapequa High School Long Island
JAv
olunte
ersd
time edica
anda te
ttenti
inspir onto
eand
prep
kids are
tona
vigate
way their
succe
ssfull
throu y
ghth
ewor
ld.
NBC Universal PS 161 The Crown School for Law and Journalism Brooklyn
PS 208 Alain L. Locke Elementary School Manhattan
Stern School of Business, New York University PS 19 Asher Levy Elementary School Manhattan
The Boston Consulting Group PS 85 The Judge Charles J. Vallone Elementary School Queens
21
JUNIOR ACHIEVEMENT OF NEW YORK, INC.
BUSINESS INVESTORS
$200,000.00+ $10,000.00+ $1,000.00+ Marriott Eastside Hotel
NASDAQ OMX American International Group ACE Overseas General McGlinchey Stafford, PLLC
Educational Foundation Best Buy Co., Inc. Ariba, Inc. Nationwide Credit, Inc.
Digitas Arjay Telecommunications Inc. Patni Computer Systems, Inc.
$100,000.00+ Diversified Agency Services Atlantic Wireless Group, Inc. Promesa Foundation, Inc.
American Express Euro RSCG Life Cellular Wholesales Services, Inc. Proskauer Rose LLP
Ernst & Young LLP General Electric Company Cheever Development Corp. PS 206 Joseph F. Lamb
HSBC Bank USA, N.A. K&L Gates LLP ComScore Strand Import & Distributors, Inc.
Pfizer Inc McKinsey & Company, Inc. Dynamic Corporate Holdings The Randolph Group LLC
PricewaterhouseCoopers, LLP Nara Bank Eastern Locating Service The Rosenthal Law Firm
NeON Draftfcb EMC Corporation Vidal Partnership, Inc.
$50,000.00+ Patterson Belknap Webb & Tyler LLP Frandzel Robins Bloom & Csato, L.C. Wagner & Hunt, P.A.
AT&T Small Bone Innovations Inc. Fusion Wireless
BNY Mellon The Actuarial Foundation Get Connected of Bronx Inc. Under $500.00
Cadwalader, Wickersham & Taft LLP The Sidney Milton & Leoma Google, Inc. Alan C. Greenberg Foundation, Inc.
Credit Suisse Simon Foundation HDG Consulting, Inc. Astoria Federal Savings & Loan
Deloitte & Touche LLP The Von Damm Family Houlihan Lokey Awisco New York Corp.
Goldman Sachs Evergreen Foundation HTC America, Inc. Bank of America
ING Investment Management US Bank Kenyon Charitable Foundation Bilco Electrical Contracting Inc.
Americas Viscogliosi Bros., LLC Laborers International Union of CAC of New York, Inc.
KPMG LLP Volt Management Corp. North America Collectcorp
National Grid Leitner Group Inc. Data-Mail, Inc.
The JP Morgan Chase Foundation $5,000.00+ Meritech Resources, Inc. Deutsche Bank
The New York Stock Exchange, Inc. Achievement Foundation Mobile Communications Plus Deutsche Bank Americas Foundation
Thomson Reuters BCD Travel New York Life Insurance Co. Devlin, Naylor & Turbyfill, PLLC
Broad And Cassel North Jersey Development Enterprise GA Group
$25,000.00+ Charitybuzz Group, Inc. Foam Technology, Inc.
Accenture Clifford Chance US LLP Pantech Wireless, Inc. Goodsearch
Banco Popular–NY Metro Region Cognizant Technology Solutions The Valles Foundation H & L Electric, Inc.
Con Edison Huron Consulting Group The Warren and Katherine House of Bangles Jewelry, Inc.
G. C. Andersen Partners, LLP Mayer Brown LLP Coopersmith Foundation Jones, Walker, Waechter, Poitevent,
JP Morgan Chase & Co. Merrill Lynch & Co., Inc. ULQ, LLC Carrere & Denegre, LLP
MetLife Musculoskeletal Clinical United Recovery Systems, Inc. Meyner and Landis
Ogilvy & Mather Regulatory Advisers, LLC Wireless Channels Services Inc. Norkus Enterprises, Inc.
Terex Corporation Oracle Corporation NYC Mission Society
The C. George Van Kampen Paradigm Spine, LLC $500.00+ Phase Mechanical
Foundation Research Foundation of Adorno & Yoss LLP Prudential Foundation
The Walt Disney Company CUNY/Medgar Evers College AM & G Waterproofing LLC RFJ Insulation Inc.
Verizon Shearman & Sterling LLP Anthony F. Lama Rlty Srvcs, Inc. Rick Steiner Fell & Benowitz LLP
Wheels Inc. Bancker Construction Corp. Select Equity Group, Inc.
$15,000.00+ Becket & Lee LLP Simon and Marie Jaglom
Ace American Insurance Co. $2,500.00+ Bickerstaff Heath Delgado Acosta LLP Foundation, Inc.
Barclays Capital Asurion Bilzin Sumberg Baena Price & Step by Step Infant
BlackRock Financial Management, Inc. Avis Budget Group Axelrod LLP Development Center
Capital One Foundation, Inc. Axia Ltd Cohen & Perfetto LLP Sykes Enterprises
Citi Foundation Booz & Company Cullen and Dykman LLP Trecreo, Inc.
Edelman Bravosolution Direct Market Designs, Inc. Unilever
FedEx Express Brookfield Financial Properties Durst Organization L.P. Wildchild Editorial, Inc.
Fulbright & Jaworski LLP Chuhak & Tecson, P.C. FHL Bank Wireless World
Morgan Stanley Mercer Gabelli Funds
Pitney Bowes Public Health Care GC Services
Six Flags, Inc. Staples Hallen Construction Co., Inc.
The Boston Consulting Group VisionIT Hawkeye, LLC
TIAA-CREF Williams Lea Inc. Iron Mountain
US Bank National Association Jaspan Schlesinger Hoffman LLP
L&K Partners, Inc.
Lord & Taylor
M. T. C. Transportation Co.
22
2010 ANNUAL REPORT
INDIVIDUAL INVESTORS
$400,000.00+ $1,000.00+ $500.00+ GIFTS-IN-KIND
Goldman Sachs Gives Fahad Ali Steven Barry
We gratefully acknowledge the
William J. Barrett Matthew Burkley
generous support of the
$25,000.00+ Richard Bart Robert B. Catell
following companies and
Paul Schreiber Andrew J. Berndt Michael W. Chin
business professionals for in-
John J. Boyle William Coburn
kind contributions, products
$10,000.00+ Louis J. Briskman, Esq. Mitchell Cohen
and services totaling $475,857
Dennis J. Block Kevin Cassidy Dan Connelly
donated during the 2009-2010
Margaret C. Fechtmann Lai Chu Frank D’Arrigo
fiscal year.
Gary J. Kozlowski Frank Comerford Richard J. De Freitas
Crystal L. Sampson Mark Cope Wade Deffenbaugh
American Airlines
Anré Williams George Curth Marc S. Dieli
American Express
Gus Daghash Sean Doherty
AT&T
$5,000.00+ Kenneth D. Daly Daniel Duffy
AT&T Mobility
Gary M. Binstein Zachary DeCarlo Dennis Finn
Banco Popular
Leslie V. Godridge Lloyd Desatnick Ramarnie Footman-Hampton
BlackRock
Peter K. Ingerman Mary K. Duke Alicia Garcia
Bradford Renaissance Portrait
Ami Kaplan Neal Finkelman P G. Garrison
Broadway/New York Comedy Club
Merrill M. Kraines Thomas Fryar Matt Gebo
Cadwalader
Theodore E. Niedermayer Paige Garrepy Charles Gerdts
Chadbourne & Parke LLP
Richard J. Poccia Frank Giana Bryan Hoffman
Chartis Insurance
Anthony G. Viscogliosi Sandra Giordano Jonathan Hogue
Continental Airlines
H Ronald Weissman Lawrence E. Golub Mark Jamin
Credit Suisse
Lu Guo Steven Kantorowitz
D’Addario
$2,500.00+ Brandon Haenel Ingrid Keating
Deloitte & Touche LLP
Pervez Bamji Kevin Hutt Geoffrey Klass
Delta Airlines
Kevin Barr Angelo A. Incorvaia Josh N. Kuriloff
Edelman
Willie E. Dennis Carla Jackson Peter Labonski
Ernst & Young LLP
Diane E. D’Erasmo James & Marie Johnston Jimmy Lee
FedEx
Thomas DeVito Rachel Jusseaume Bryan Lindholz
Fillit Communications
Joseph W. Duggan Brian Keenan Eric Lobenfeld
Giella Custom Blend Cosmetics
Alex Duncan Peter F. Kirn Craig Lowry
Guggenheim Museum
Nancy C. Gardner Douglas Klares Mark Madsen
John Barret Salon
Susan Geiger Cathy A. Laguardia Dana McIlwain
Joshua Weitzman
William Janetschek Robert Leary Ellen J. Odoner
Kohlberg Kravis Roberts & Co.
Naresh Kumar Maria Lykos Christopher O’Donnell
KPMG
Victor Malanga Guy Madsen Mary Pagano
Lucky Strike
Nanette Malebranche Maura Markus John Paguaga
NASDAQ Marketsite
Lisa Martin John Marshall Joe Palumbo
National Grid
Kenneth E. Newman Maria Martins Carlos Pereda
NBC Hispanic Forum
X. Rick Niu Stephen McCreary, Jr. Eric Poley
Nooka Inc.
Peter Pamel Michael Modena Michael A. Poveda
Ogilvy & Mather
D. Neil Radey Robert E. Moritz Marc Ricks
PricewaterhouseCoopers LLP
Marc Sheinbaum Maria R. Morris James Roth
Rota Portrait Design
Kimberly A. Wagner, PhD Donna Murphy Richard Rothman
Teen Kids News
Jeffrey Wurgler David M. Obstler Andrew Sinclair
The Algonquin Hotel
Joanne Zaiac Pip Peel Lula Sisco
The Daily Show
Michael Russo James Smith
Thomson Reuters
Douglas E. Schallau Tim Smith
US Bank
Manika Sood Rich Stamm
John Twite The Fuji Family
Sajid Usman Puneet Walia
Brian Varga William Waller
Eric Vukmirovich Michael Walsh
John Wade Michael Wieser
Janette Walby Bill Wilkinson
Allen Wolfbiss Trevor Williams
Amy Wolff Mike Yglesias
Robert J. Womack David E. Zeltner
Caroline Wong
Paul Zemsky Under $500.00
262 donors gave a total of
$52,807.00
23
JUNIOR ACHIEVEMENT OF NEW YORK, INC.
FINANCIAL STATEMENTS
The following represents excerpts of the financial statements of Junior Achievement of New York, Inc. as of and for the years ended June 30,
2010 and 2009. The complete set of financial statements has been examined by our independent auditors, KPMG LLP, upon which they have
issued an unqualified opinion. These financial statements, including our independent auditors’ report, are on file with Junior Achievement
of New York, Inc. and are available upon request. Please write to Junior Achievement of New York, Inc., 205 East 42nd Street, Suite 203,
New York, NY 10017. You may also call 212.907.0035 or e-mail us at Audit@jany.org.
24
2010 ANNUAL REPORT
Statement of Activities
Years Ended June 30, 2010 and 2009
2010 2009
Temporarily Permanently
Unrestricted Restricted Restricted Total Total
SUPPORT AND REVENUE
Support:
Contributions (net of participation payments $1,440,895 $ 225,679 $ — $1,666,574 $2,463,970
of $54,964 in 2010 and $51,260 in 2009)
Donated services 475,857 — — 475,857 182,327
Total support 1,916,752 225,679 — 2,142,431 2,646,297
Special events (net of direct expenses and participation
payments of $571,392 in 2010 and $686,791 in 2009) 1,608,098 — — 1,608,098 1,523,491
Interest and other income 32,353 — — 32,353 3,140
Total revenue 3,557,203 225,679 — 3,782,882 4,172,928
Net assets released from restriction 384,806 (384,806) — — —
Total support and revenue 3,942,009 (159,127) — 3,782,882 4,172,928
EXPENSES
Program services:
High school programs 375,805 — — 375,805 867,416
Middle school programs 367,592 — — 367,592 660,202
Elementary school programs 1,254,828 — — 1,254,828 1,911,184
Total program services 1,998,225 — — 1,998,225 3,438,802
Supporting services:
Management and general 986,881 — — 986,881 540,740
Fundraising:
Volunteer recruiting costs 124,141 — — 124,141 192,535
General solicitation of funds 634,072 — — 634,072 434,231
Total supporting services 1,745,094 — — 1,745,094 1,167,506
Total operating expenses 3,743,319 — — 3,743,319 4,606,308
Non-operating activities:
Donated services support — — — — 245,790
Donated services expenses — — — — (245,790)
Losses on pledges (3,500) — — (3,500) (435,673)
Total non-operating activities (3,500) — — (3,500) (435,673)
Increase (decrease) in net assets 195,190 (159,127) — 36,063 (869,053)
Net assets at beginning of year 55,785 1,428,532 — 1,484,317 2,353,370
Net assets at end of year $ 250,975 $1,269,405 $ — $1,520,380 $1,484,317
25
JUNIOR ACHIEVEMENT OF NEW YORK, INC.
26
2010 ANNUAL REPORT
STUDENT PROFILE
SAMUEL ARIJELOYE
itist ho
oplew
without the other. My definition of more important for me to
b y p e
ted t
avoid being bullied than it
suppor vemen
achievement is how high you
bounce when you hit the floor. did for me to learn. Soon, I
a c h i e
about ned
care elear
Everyone goes through tough became influenced by bad
s s . I’ v
ucce
things and situations and
or
times, but how do you know that
you have what it takes to survive spent more time trying to fit
ands i n s p iration
take ranted
…”
notto
and learn from it? I like to think in than I did on studying.
f o r g
ement
that I do. Thankfully, everything changed
Education is important in my when I got to high school. My achiev
family. I’m passionate about parents moved our family out
securing my future and helping of Crown Heights into an East
my family with financial needs. New York residential
One of my dreams is to go to neighborhood. It was like night
college so that I’ll be better and day. The environment was
positioned to help my parents. safer and less stressful. Now we Manhattan. What I appreciate skills and basic foundations
My biggest fear is not being able were in a lower middle class most about Murry Bergtraum is of learning that I needed to
to achieve the educational and neighborhood of families who its racial, social and academic succeed in high school. I found
life goals I have set for myself. were more invested in their diversity. I also appreciate that myself struggling to get good
community. In my new there are more resources grades because of what I
My early education neighborhood, people had a available to students. Most of missed out on in middle
experiences were in the Crown clearer vision for their futures all, the environment is safe school. I had to make up my
Heights, Brooklyn public and had access to resources to and I can focus on academics mind to work harder because
schools. The schools I attended help them reach their life goals. instead of survival tactics. I had a lot of catching up to do
were over-crowded, dirty,
In addition, I now had the if I was to even come close to
sometimes violent and had However, high school was
opportunity to attend a better achieving my goals in life. It
very few resources. You can’t tougher than I anticipated.
high school—Murry Bergtraum was also hard breaking away
imagine what it’s like trying to One of the biggest challenges
High School for Business from the past. Sometimes
learn in an environment like I faced was the discovery that
Careers, located in downtown people would continue to
this. It affected me greatly. I was seriously behind in the
27
JUNIOR ACHIEVEMENT OF NEW YORK, INC.
STUDENT PROFILE
SAMUEL ARIJELOYE (CONTINUED)
28
2010 ANNUAL REPORT
PROGRAM PROFILE
CAPITAL ONE/JA FINANCE PARK™
I
ndbudgets…
ncialplansa
it tea ch es meaboutfina m y mo m. NowI
“… backwi th
enjoycoming lthebillso
n
wouldreally thtopayal
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knowh ersalary.”
akeswithh -MS217Stud
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whatshem
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italOne / JAFinanc nt s re al
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andfinanc howwel ewhat etype
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eyinth is
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ewYorkcor
poratev
olunteer
Capital One/Junior Achievement resounding success, that the Finance Park™. Students get “Our investment in Capital
Finance Park™ is an innovative, two organizations have since to adopt various adult personas One/Junior Achievement
experiential financial education expanded the initiative to and profiles, and they come Finance Park™ is more than
program that teaches basic eight markets, including New face-to-face with the challenges just doing the right thing; it
money management and York City and Long Island, and realities of adult life and teaches students important
budgeting skills to middle and serving 33,000 middle-school financial decision-making. skills that they can use for the
high school students. The 2009- students through 2009. rest of their lives,” says Ellen
Students are assigned fictional
2010 school year marked the Weber, Suffolk County Market
This unique, award‐winning jobs, incomes, families and
third consecutive year of the President for Capital One
program for middle and high expenses. They are then
program in the NYC and Long Bank. “Our associates who
school students begins with four expected to develop and
Island markets. To date, Capital volunteer at Finance Park are
weeks of an intensive stick to appropriate budgets.
One/JA Finance Park has able to play a key role in
classroom-based financial Students are forced to separate
delivered vital financial literacy encouraging financial literacy
education curriculum wants from needs when
education to over 9,000 NYC and economic opportunity.
developed by Junior they are faced with real‐life
and Long Island middle and This is a unique and creative
Achievement. Students then decisions about housing,
high school students. way to help youngsters
have an opportunity to put furnishings, investments,
become financially literate.”
The first Capital One/Junior their newly learned money food, entertainment, phone,
Achievement Finance Park™ management skills to the test cable, savings and charitable
began as a pilot in October in a high‐tech, experiential contributions—all financial
2006, in McLean, Virginia. learning lab—Capital lifestyle choices they will be
The pilot was such a One/Junior Achievement making upon entering adulthood.
29
JUNIOR ACHIEVEMENT OF NEW YORK, INC.
PROGRAM PROFILE
JA NEW YORK BUSINESS PLAN COMPETITION
We are proud to congratulate Business Plan Competition. Mr. the Business Plan Competition • Reinvigorating the
W.T. Clarke’s High School Andersen saw an opportunity over a five-year period in NYC entrepreneurial spirit
students—Samantha Wendorf, to expand upon KPMG’s model and Long Island. in a future generation of
Samantha DiFilippi and by formalizing and creating an business leaders to secure
With the generous support of
Kareema Roushdy, the 2010 entrepreneurship incubator America’s place as a global
our partners, JA New York is
winners of the JA New York program for high school students. business innovator and
determined to fulfill its vision to
Business Plan Competition. And the JA New York Business technological and
increase youth entrepreneurship
This is the second consecutive Competition was born. Since its economic leader.
opportunities in NYC schools
year that a team from W.T. inception, nearly 2,000 NYC and
and communities by: By successfully engaging
Clarke High School has walked Long Island students have
students in entrepreneurial
away with top honors in JA received a business • Inspiring and seeding NYC
thinking and creativity within a
New York’s highly popular and entrepreneurship experience and Long Island students’
business context, the JA New
fast growing experiential, through this program. interest in entrepreneurism
York Business Plan Competition
entrepreneurship education as a pathway to economic
Two years later, the JA New is designed to make education
program. During the 2009-2010 and social empowerment;
York Business Plan Competition more relevant and exciting to
school year, more than 700
attracted the attention of the • Encouraging the use of students. Through this dynamic
young, aspiring students
NASDAQ OMX Educational entrepreneurial thinking entrepreneurship experience,
participated in various stages
Foundation, which saw an to conceive and drive young people learn to make
of the program.
opportunity to invest in a high- solutions to tackle business connections between what they
The JA New York Business Plan impact, youth entrepreneurship and social problems; learn in school, and practical
Competition was originally education program that has applications of this knowledge
inspired by an art and design captured the enthusiasm of in the business and work world.
high school entrepreneurial NYC and Long Island students
contest, hosted by JA New York within a very short period of
“The
Board Company, KPMG. In time. In 2009, The NASDAQ JAN
Plan ewYo
2008, JA New York and G. OMX Educational Foundation
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lotof etition usine
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gave ss
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31
JUNIOR ACHIEVEMENT OF NEW YORK, INC.
STAFF LIST*
EXECUTIVE OFFICE PROGRAMS
Roseanne Maurici
Vice President, Events
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Manager, Resource Development
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Becky Baek
Senior Manager, Events
Daniel Langley
Manager, Events
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PROFILES IN ACHIEVEMENT
New York City Junior Achievement of New York gratefully acknowledges the
205 East 42nd Street following supporters for their participation and work in creating
Suite 203 this Annual Report:
New York, NY 10017
Telephone: 212.949.5269 Design
Fax: 212.949.5262 Fillit Communications www.fillitcomm.com