Académique Documents
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Table of Contents
Leadership Address
Message from our President
Dear friends, We still have a tough road ahead of us, but opportunity still exists.
The challenge is to prepare for it, recognize it and to leverage it.
Without a doubt, JA New York’s ability The good news is our people are smart; our mission is achievable;
to attract the support of a dynamic and we have a passionate and dedicated community of supporters.
community of people who care about We trust in our collective talent to creatively solve problems and
education and the future of our young we have the courage to remain optimistic and innovative.
people has been crucial to the
sustainability of the organization. This JA still has the potential to be the primary economic educational
year’s annual report theme—”Success is resource, not just in New York City, but in the world. At a local
More Than Luck”—invites you to read and level, we need to adapt to the environment and refocus our efforts
share the inspirational stories of students, on delivering high-impact programs with fewer resources. As a
volunteers, alumni and partners. community, we can do it. We’re determined and most of all, we’re
motivated. We believe in our resourcefulness to live up to the
In our 80th year of delivering economic education programs to promise of the JA mission—to inspire and prepare young people
NYC and Long Island students, the need for such education has to succeed in a global economy. We can’t guarantee that any of this
never been more visible or critical. This is a time to reflect on the will be easy, but we will make sure that whatever we ask you to
strength and reach of a mission that has championed financial do will be achievable and we will ensure that the JA New York
responsibility. For eight decades, JA New York has been a primary mission continues to be rewarding and inspiring.
economic education resource to prepare young people to be
responsible and successful citizens. Thank you for your dedication, your generosity, your imagination,
your optimism and for standing by us for eight decades of service
Our success has required more than luck to survive a challenging in support of our young people. The students we serve are grateful
year. The recent national and local economic downturn has for your volunteer and fundraising efforts. Without you, there
reshaped the giving/volunteering landscape that sustained us in would be less opportunity and resources to prepare them to
the past. Like most non-profits, we found ourselves struggling to navigate through a rapidly changing world. We hope you enjoy
fulfill our mission while expanding and maintaining stability. Now reading this year’s annual report and that you will find inspiration
more than ever, our young people—especially in underserved in testimonials from members of the JA community. Together, our
communities—are in danger of losing access to pathways of collective success will always be more than luck because we are
success, opportunity and hope. committed to touching lives, changing attitudes, inspiring hope
and igniting potential.
It’s clear the time is right for new ideas, approaches and solutions
to drive the organization forward to a more stable and successful Most sincerely,
future. We’ve already taken steps to reposition and strengthen the
organization. By restructuring and controlling expenses, we’re
laying the groundwork to become a better, stronger, more
efficient operation.
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JUNIOR ACHIEVEMENT OF NEW YORK, INC.
2008-2009
Organizational Profile More Than Luck
“JA programs are an essential tool for students. It gives them a foundation
PROGRAM LIST of financial knowledge that some of us take for granted. Learning simple
concepts such as earning interest, saving, spending and looking behind
The following Junior Achievement of deceptive marketing copy will help ensure that kids are armed with the
New York programs and experiences
power to navigate a complex financial landscape.”
were delivered during the 2008-2009 Michael Mondazzi
program year. HSBC Volunteer
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2009 ANNUAL REPORT
JA Has Been Proven Successful York Associate Board and Mr. Eliezer Diaz,
A 2001 study on JA’s program experience Director of Service Delivery and Customer
by Western Institute of Research and Services at Verizon Communications, served
Evaluation found that Supervisors of as Chair of a 15-member JA New York
companies where JA students were Hispanic Initiative Advisory Council.
employed believed JA students were
competent in the following areas as Our Budget
opposed to students with no JA experience: JA New York’s 2008-2009 budget was
• Showing initiative $4.2 million generated from corporate
JA New York student learns how to manage
money using hands-on, grade-appropriate,
• Being dependable contributions, special events revenue,
interactive curriculum. • Showing effort individual gifts and foundation grants.
• Working independently Contributions to JA New York, a 501(c) 3
not-for-profit organization, are tax deductible
• Possessing self-confidence to the full extent allowable by law.
Our Volunteers…
• Acting in a professional manner
Are as diverse as the students that they serve.
During the 2008-2009 school year, 4,783 • Appearing professional We Meet Standards
corporate, community and student volunteers • Possessing knowledge of job duties. of Charity Accountability
mobilized to deliver JA economic education JA New York participates in the Better
programs to NYC and Long Island students. Our Leadership and Governance Business Bureau (BBB) Charity Seal Program,
What they all have in common is a desire to a symbol to donors that our organization
Douglas E. Schallau serves as President and
contribute to the communities in which they has met the 20 Standards for Charity
Chief Staff Officer. Mr. Schallau leads a 32-
live and work. Volunteers use their insight, Accountability. The 20 standards evaluate
person professional staff. Mr. Anré Williams,
their knowledge and their experiences to charities’ financial accountability, governance
President, Global Commercial Card, American
inspire NYC and Long Island students. and oversight, effectiveness measures,
Express, serves as the volunteer Chair of a 63-
member JA New York Board of Directors. Ms. fundraising and informational materials.
Crystal Sampson, Partner, Ernst & Young, LLP,
serves as Chair of the 20-member JA New
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JUNIOR ACHIEVEMENT OF NEW YORK, INC.
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2009 ANNUAL REPORT
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JUNIOR ACHIEVEMENT OF NEW YORK, INC.
Jason’s Story
In July 2008, Beat the Boss, a children’s up with an idea for their own prototype.
business reality show produced by the The company then produces the two fully
British Broadcasting Corporation practical products. As kids and consumers,
(BBC), reached out to Junior Achievement the Bright Sparks know the children’s
of New York to audition JA students as market, and as established entrepreneurs
potential participants on the show. Beat the Big Shots know business and
the Boss encourages middle school kids marketing. But who can design the
to develop competitive entrepreneurial most successful product?
and business skills.
At the end of each episode, the finished
For one Harlem-based JA after-school prototypes are revealed to 25 children. The
student, this opportunity was an amazing kids vote for their favorite product. The
educational journey, which took him from team with the most votes wins a limousine
Harlem to Pittsburgh, where he matched ride home while the losers take the bus.
business wits with aspiring young
entrepreneurs from across the pond. In the We interviewed Jason Hoating about his
process, he learned some valuable lessons Beat the Boss experience:
about taking risks and what constitutes a
winning business idea. WHY DO YOU THINK YOU TRIED
JA After-School student, Jason Hoating OUT FOR THE SHOW?
received the experience of a lifetime when Jason Hoating, an 8th grade student, I decided to try out for the show because
he was selected to appear on the BBC participates in the Children’s Aid Society I want to be a chef and have my own
Children's business education show,
at the Drew Hamilton Learning Center restaurant and television show. To have a
"Beat the Boss."
After-School Program in Harlem. He has TV show, I have to learn not to be shy on
participated in JA programs since 6th grade. camera. I thought that I should go for it so
Jason was one of several students who that I could get a nice experience being on
participated in the Beat the Boss auditions TV. I’m very spontaneous. I don’t like to
in NYC. Out of one hundred finalists, Jason lose. It’s the perfect competition for me.
was one of three selected to be on the show. I’m very competitive.
The program pits two teams against each WHAT DID THE INTERVIEWER
other. One team consists of kids—the ASK YOU?
Bright Sparks. They compete against the She asked me what I would say to the
Big Shots—three adult entrepreneurs. The bosses if I won. I said, “Watch out bosses,
teams are then briefed on a new product because here I come!” Then she laid out
for a recognizable brand in the children’s different objects and asked me to pick up
consumer market. Products range from an object and try to sell it to her. I chose
household goods, clothing and the note pad. I said, “This notepad is
leisure/sporting goods to food and magical. If you buy it and use it you will
confectionary. The teams must carry out have good dreams every night.” I think she
market research and brainstorm to come picked me because I had good sales ability.
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2009 ANNUAL REPORT
HOW DID YOU FEEL ABOUT MAKING WHAT HAPPENED? WOULD YOU DESCRIBE THIS
IT THROUGH THE FINAL AUDITION WHAT DID YOU LEARN? OPPORTUNITY AS A GOOD
PROCESS? We lost by five points. We learned the LEARNING EXPERIENCE?
I was the only African-American kid there winning edge is in the details. The Bright It was a really great experience. I made
and at first, this made me feel a bit out of Sparks and the Big Shots had to make new friends and I learned something new.
place. I was like, why am I here? But then bikes. It was important to understand what It was all moving so fast for me. I just had
I told myself I’m here to win a competition. would make our bike stand out to our to take each moment and savor it. I would
And that’s when I got my composure and customers. As kids, we were way out of our think to myself, I’m actually here. That’s
actually won a place on the show. It made league because we were making bikes for what made me happy—whether I won or
me feel special, because I know that there adults. How do we know what adults like? lost—but I really wanted to win.
are a lot of kids out there—like me—who Well, we found out that adults like horns
wanted it just as bad. I just told myself on their bikes, because they like to make It also made me feel very smart. People
“Jason, go for it! This is a good opportunity sounds more than kids do. Kids like speed, who were interested in buying the bike
for you to make your life better—to learn adults like sound. were brought into the studio where they
new things.” I saw this as an opportunity cast their votes for the one they preferred.
to open new doors. When they told me I We learned this when we went to a local We lost by five votes. I was devastated, but
made it, I had to leave the room. I went park to ask different adults what features then they told us why we lost. When I
into the waiting area and cried. they would like on their bikes. I think the found out it was because we didn’t include
question was what would your ideal bike a horn, I realized we should have taken the
WHAT ADVICE WOULD YOU HAVE look like? It was so much fun because they man in the park seriously. After the show,
FOR OTHER KIDS WHO MIGHT FIND gave us such interesting answers. Some said one of the Bosses told us when you do
THEMSELVES IN A SIMILAR SITUATION? they would like three brakes on their bike, your market research if someone gives you
If you have a dream and an opportunity, one person said he would like a horn—the a strange answer, don’t exclude it. That
don’t stop. Take it, because it might be ones that make sounds and some said they could be your winning edge.
the only opportunity that you get. Make would like at least three lights.
opportunities work for you because they AFTER THIS EXPERIENCE, WHAT
can move you toward your dreams. After we left the park, we discussed how ADVICE WOULD YOU GIVE TO
we were going to make our bike. We ASPIRING ENTREPRENEURS AND
WHO WERE THE OTHER KIDS wanted it to be red. We had a green light in BUSINESS PEOPLE?
ON THE SHOW? the back and a green light at the front, but • When doing market research—take
They were British. There was a girl named we completely forgot the horn. it seriously!
Angela and a boy named Michael. It was a • No matter where you are from, try to
bit like the Olympics because we were WHY DID YOU FORGET THE make some friends. You always need
representing different countries. I made DETAIL OF THE HORN? friends. You can’t be alone by yourself.
friends with Angela. We called her “motor When one of the people told us he likes a • Don’t cry on TV—Don’t cry—because it
mouth Angela”—because she couldn’t stop loud horn on a bike, we thought he was really isn’t a good look.
talking. I liked to hear her talk too. Our just trying to be funny. Why would adults • Always, always—win or lose—have fun.
bedtime was at 10pm. We didn’t go to bed like horns on their bikes? We didn’t take it Have lots and lots of fun! Love what
until 10:30pm. Angela just talked and talked seriously and it would have given us the you do!
and talked. winning edge. If I was ever in a situation
like this again. I wouldn’t dismiss any
HOW LONG DID IT TAKE TO SHOOT information.
YOUR EPISODE OF BEAT THE BOSS?
I was there for two weeks. We had to move
“When you Ithold
into a house. a torch
had three to light
bedrooms, another’s
a living
room and the kitchen was fantastic. I had
path you brighten your own.”
my room, Angela had her room and Michael
had his. Michael was really smart
Benand
Sweetland “Economic success is increasingly based on the
Author
educated—well we all were. There were
three of us in the group and there were two effective utilization of intangible assets, such
groups—the Big Shots—and our group the as knowledge, skills, and innovative potential as
Bright Sparks. One of the bosses was a
real estate owner and he was a very top the key resource for competitive advantage.”
notch guy; the best salesman I’ve ever met.
—Economic and Social
Research Council, 2005
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JUNIOR ACHIEVEMENT OF NEW YORK, INC.
2008-2009
Leadership Award
Honorees: [L-R]
Douglas Schallau,
President of JA New
York; Kenneth
Chenault, Business
Leader of the Year
Honoree, Xiang Siow,
Student Leader of
the Year Honoree;
Robert Catell,
Lifetime Achievement
Honoree and Anré
Williams, Board
Chair, JA New York.
Rewarding Excellence
Annual Leadership Awards Gala Honorees
The Leadership Awards Gala is a major annual fundraising event that recognizes and celebrates the outstanding
leadership of select JA New York business leaders and supporters in the JA New York community.
THE MOST LIKELY Through this program, Mr. Siow was able Mr. Siow is now a student in the University
TO SUCCEED! to actively participate in and experience of Chicago Liberal Arts program where he
exclusive leadership, career and personal continues to explore and pursue his
STUDENT LEADER OF THE YEAR development opportunities which have interests in literature, history, social
Xiang Siow encouraged him make good choices in life. sciences, political science, sociology, and
Class of 2008 During his time in the program, Mr. Siow economics. He attributes his success to the
Stuyvesant High School blossomed from a quiet, shy student into support of his parents and to the quality of
a confident and accomplished young man. experiences he has been fortunate to have
Stuyvesant High School graduate, Xiang Mr. Siow proved that with hard work, received as a JA New York student. Junior
Siow is the 2008 Junior Achievement of commitment and the willingness to take Achievement of New York congratulates
New York Student Leader of the Year some risks, one could learn new skills and Xiang Siow, the 2007-2008 Student Leader
honoree. Mr. Siow was a member of distinguish oneself as an accomplished of the Year Honoree.
the prestigious JA New York Student individual. During the program, he also
Ambassador program (2007-2008). Each participated in the JA New York High School
year JA New York selects students through Heroes program where he volunteered to
a rigorous application/interview process teach financial literacy skills to elementary
for our exclusive, competitive academic school students in underserved communities.
enrichment and leadership development He participated in several high-profile media “There can be no
program. Student Ambassadors are high job shadow opportunities at WCBS-TV,
school students who have demonstrated WNBC-TV and BronxNet Cable where he happiness if the
a strong desire to give back to their volunteered to serve as an on-air guest
communities. They are required to speaker in a discussion about the financial things we believe
demonstrate leadership ability, a desire empowerment of youth. Xiang has also in are different than
to succeed, a willingness to get involved, utilized his public speaking skills on several
and an active interest in their futures. The occasions as a JA New York representative. the things we do.”
JA New York Student Ambassador program Mr. Siow embodies what it means to be
puts motivated young students on the fast a JA New York Student Ambassador—by —Albert Camus
track to a successful future. demonstrating strong leadership ability, social Philosopher
responsibility and a strong desire to succeed. and Writer
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2009 ANNUAL REPORT
THE MOST LIKELY TO LEAD Mr. Chenault serves on the boards of Robert B. Catell became Chairman,
American Express and several other corporate National Grid, USA following the acquisition
BUSINESS LEADER OF THE YEAR and nonprofit organizations, including IBM, by National Grid of KeySpan Corporation,
Kenneth I. Chenault Procter & Gamble Company, the Arthur Ashe where Mr. Catell was Chairman and Chief
Chairman and Chief Executive Officer Institute for Urban Health, the National Center Executive Officer of KeySpan Corporation
American Express Company on Addiction & Substance Abuse at Columbia and KeySpan Energy Delivery, the former
University, the Smithsonian Institution’s Brooklyn Union. His career with Brooklyn
Since completing his service as a JA New Advisory Council for the National Museum of Union started in 1958. Mr. Catell is also
York Board Member, Mr. Chenault remains African American History & Culture, the Chairman of Northeast Gas Markets and
committed to encouraging NYC and Long Phoenix House Foundation and the World Alberta Northeast Gas Ltd., and a member
Island students to achieve and succeed in Trade Center Memorial Foundation. He also is of the Board of Directors of KEYERA
school and in life. His latest contribution on the boards of the Partnership for New York Energy Management Ltd. He is co-chair
came through leading American Express City, The Business Council and the Business of the Board of the Downtown Brooklyn
to become the largest JA New York Bowl-A- Roundtable and serves as Vice Chairman of Partnership and Chairman of the Long
Thon corporate fundraising company. each of these organizations. Junior Island Association.
Achievement of New York congratulates
Kenneth I. Chenault is Chairman and Chief Kenneth Chenault, the 2007-2008 Business Mr. Catell is a past Chairman of the American
Executive Officer of American Express Leader of the Year Honoree. Gas Association, the Partnership for New
Company. Mr. Chenault joined the company York City, Inc., the U.S. Energy Association
in September 1981 as Director of Strategic (USEA), and the Advisory Board of the City
Planning. He was named President of the College of New York’s School of Engineering.
Consumer Card Group in 1989, and in 1993 THE MOST INSPIRATIONAL
He serves on JPMorgan/Chase’s Metropolitan
he became President of Travel Related LIFETIME ACHIEVEMENT AWARD Advisory Board, the advisory board of
Services (TRS), which encompassed all of Robert B. Catell HeartShare for Human Services, and the
American Express’ card and travel businesses Chairman advisory board for SUNY Farmingdale. His
in the United States. In 1995, he assumed National Grid, USA further contributions to the community
additional responsibility for the company’s include serving as a Trustee of the Brooklyn
worldwide card and travel businesses and Mr. Catell’s invaluable service to JA New Botanic Garden. He serves as a Member
also was named Vice Chairman of American York began in the late eighties when he Emeritus of the Brooklyn Law School. He is a
Express. Mr. Chenault became President and began his tenure as a Board Member. His former Chairman of the Brooklyn Chamber of
Chief Operating Officer in February 1997. impact continues to grow; he recently led Commerce. Junior Achievement of New
He assumed his current responsibilities as National Grid in launching their first ever JA York congratulates Robert B. Catell, the
CEO on January 1, 2001, and as Chairman New York Bowl-A-Thon. Over the course of 2007-2008 Lifetime Achievement Honoree.
on April 23 of that year. his relationship with Junior Achievement,
combined with past KeySpan JA New York
Bowl-A-Thons, Mr. Catell has helped raise
nearly $1.5 million to date.
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JUNIOR ACHIEVEMENT OF NEW YORK, INC.
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2009 ANNUAL REPORT
Michael Sondak
Media Supervisor
Digitas
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JUNIOR ACHIEVEMENT OF NEW YORK, INC.
Tanvir Hossain and Andy Horowitz create value and inspiration through a teaching partnership at Long Island City's Bryant High School.
You’ve heard of Butch and Sundance, Batman and Robin, Kirk and Spock, Felix and Oscar. Now meet Hossain and Horowitz,
Junior Achievement (JA) of New York’s “super-buddy” teaching team! For more than two years, Hossain and Horowitz have formed a
successful partnership teaching economics and personal money management skills to Bryant High School students.
Andy Horowitz was born in Kew Gardens “I always liked training and As a Business major, Tanvir understands
and was raised in North Woodmere, Long personal finance skills are necessary for
Island. After 20 years in corporate banking,
teaching people and JA life-long financial stability and success. This
Horowitz made a life-changing decision to provided the perfect forum to motivated him to seek opportunities where
become a NYC public high school teacher. give back in a meaningful way. he could encourage students to learn these
A tall, wiry, energetic man, he engages and Volunteering made my decision skills before entering the business world.
communicates knowledge and ideas to his
students at a thorough, rapid-fire-pace. To
to transition from business to
“I hope high schoolers can benefit
him, teaching is not just a job—it’s a education much easier.”
vocation. “My stint at Bryant High School as
from my experiences. I learned
a Junior Achievement volunteer convinced Tanvir Hossain is a 20-year old Baruch about college and managing
me that teaching business classes to high College business student. He was born in money after graduating high
schoolers could be rewarding,” he said. “I Dhaka, Bangladesh and grew up around
“Sunnyside” of Queens. Only a few years
school. If I had learned how the
made a decision to change career in mid-
stream. And I never looked back.” older than the Bryant High School students, system worked and how to
Hossain’s teaching style is laid-back, but manage money at an earlier age,
He now teaches economics in the same high confident. It’s clear he has a passion for I would have done some things a
school where he served as a JA volunteer. business and all things financial. And he
knows how to present the JA curriculum little differently during and after
so that it’s relevant and interesting. high school.”
We sat down with Hossain and Horowitz to
talk about their teaching partnership.
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JUNIOR ACHIEVEMENT OF NEW YORK, INC.
“I learned that when you work
together with a team, you make
everything better and you get
better ideas and results.”
Herminio Reyes
8th Grade
Board of Directors* Bronx Writing Academy
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2009 ANNUAL REPORT
JA New York President, Doug Schallau Board Chair, Anré Williams honors Board Board Member, Kevin Liles, leads a successful
receives a generous donation from AT&T at Treasurer and Chairman of the Audit Committee, inaugural Warner Music Bowl-A-Thon fundraising
Yankee Stadium presented by Board H Ronald Weissman who retired at the end effort to benefit JA New York.
Member, Tom Devito, Vice President and of June from the JA New York Board after 28
General Manager, AT&T NY, NJ. years of service.
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JUNIOR ACHIEVEMENT OF NEW YORK, INC.
Associate Board Associate Board Chair and JA New York Board Member, Crystal
Sampson and JA New York president, Doug Schallau at the 1st JA
New York Alumni networking event.
The JA New York Associate Board are executive and entrepreneurial “rising stars” who are committed to leveraging their
networks and using their business experiences and strategic leadership skills to provide project resource assistance to select
JA New York initiatives.
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2009 ANNUAL REPORT
Telemundo 47 anchor Nadia Torres hosts JA Hispanic Initiative Advisory Council Member, Lucia Ballas Traynor hosts JA
New York Job Shadow students. New York Job Shadow students at People En Espanol.
*Ex officio
Corporate/School Partnerships
NEW YORK CITY PARTNERSHIPS
FIR M SCHOOL B O R O U G H / C O U N TY
Accenture Bronx Center for Science & Mathematics Bronx
2 Partnerships MS 319 Maria Teresa Mirabal Middle School Manhattan
American Express Company High School for Dual Language & Asian Studies Manhattan
6 Partnerships High School of Economics & Finance Manhattan
William E. Grady High School Brooklyn
MS 223 The Laboratory School of Finance & Technology Bronx
Murry Bergtraum High School Manhattan
Stuyvesant High School Manhattan
Cadwalader Wickersham & Taft LLP High School for Public Service Brooklyn
1 Partnership
Cogswell Realty Group, LLC PS 154 Harriet Tubman Elementary School Manhattan
1 Partnership
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2009 ANNUAL REPORT
FIR M SCHOOL B O R O U G H / C O U N TY
Edison Learning PS 166 Henry Gradstein Elementary School Queens
1 Partnership
NYU Stern School of Business JA New York Student Ambassador Program Manhattan
3 Partnerships PS 019 Asher Levy Elementary School Manhattan
PS 112 Dutch Kills Elementary School Queens
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JUNIOR ACHIEVEMENT OF NEW YORK, INC.
The Bank of New York Mellon Corporation Brooklyn Technical High School Brooklyn
4 Partnerships Murry Bergtraum High School Manhattan
PS 018 John Peter Zenger Elementary School Bronx
PS 134 Henrietta Szold Elementary School Manhattan
The Boston Consulting Group PS 085 Judge Charles Vallone Elementary School Queens
1 Partnership
Turner Sports and Entertainment Digital Graphic Communication Arts High School Manhattan
1 Partnership
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2009 ANNUAL REPORT
School Partners
BRONX MS 390 Middle School After-School Community Centers
Elementary Schools MS 399 Middle School Betances IV Community Center
PS 001 Courtlandt Elementary School Urban Assembly School for Columbus Clubhouse
PS 009 Ryer Avenue Elementary School Wildlife Conservation Highbridge Community Life Center, Inc.
PS 011 Highbridge Elementary School Joel E. Smilow Clubhouse
PS 018 John Peter Zenger Elementary School K-8 Schools Marble Hill Community Center
PS 028 Mount Hope Elementary School CIS 117 Joseph H. Wade School Melrose II Program
PS 036 Unionport Elementary School Mott Haven Academy Charter School Mullaly Community Center
PS 043 Jonas Bronck Elementary School PS/IS 214 Lorraine Hansberry Academy School New Settlement Apartments
PS 071 Rose E. Scala Elementary School PS/MS 037 Multiple Intelligences School Owen Dolen Recreation Center
PS 079 Creston Elementary School PS/MS 095 The Sheila Mencher PAL Webster Center
PS 086 Kingsbridge Heights Elementary School Van Cortlandt School West Bronx Recreational Center
PS 093 Albert G. Oliver Elementary School
PS 105 Senator Abraham Bernstein School 6-12 Schools BROOKLYN
PS 109 Sedgwick Elementary School Bronx Preparatory Charter School Elementary Schools
PS 160 Walt Disney Elementary School Frederick Douglass Academy III School Achievement First Crown Heights
PS 246 Poe Cottage Elementary School South Bronx Preparatory School Charter Elementary School
PS 306 Elementary School Urban Assembly School for America Come Back to
Applied Math & Science God Christian Academy
Middle Schools Brooklyn Bureau of Community Service
Bronx Writing Academy Middle School High Schools PS 011 Purvis J. Behan Elementary School
CIS 022 Jordan L. Mott Middle School Academy for Language & PS 015 Patrick F. Daly Elementary School
IS 125 Henry Hudson Middle School Technology High School PS 016 Leonard Dunkly Elementary School
IS 131 Albert Einstein Middle School Academy for Scholarship & PS 032 Samuel Mills Sprole Elementary School
IS 192 Piagentini-Jones Middle School Entrepreneurship High School PS 038 Pacific Elementary School
IS 242 Mott Hall V Middle School Bronx Center For Science & PS 067 Charles Dorsey Elementary School
IS 424 The Hunts Point Middle School Mathematics High School PS 069 The New Vision Elementary School
Kappa III Middle School Bronx High School of Science PS 075 Mayda Cortiella Elementary School
MS 045 Thomas C. Giordano Middle School Bronx Leadership Academy High School PS 091 Albany Elementary School
MS 080 Isobel Rooney Middle School Bronx School of Law & Finance PS 094 Henry Longfellow Elementary School
MS 101 Edward R. Byrne Middle School Collegiate Institute for Math & PS 097 Highlawn Elementary School
MS 144 Michelangelo Middle School Science High School PS 100 Coney Island Elementary School
MS 180 Dr. Daniel Hale Williams Middle School DeWitt Clinton High School PS 102 Bay View Elementary School
MS 181 Pablo Casals Middle School Fordham High School of the Arts PS 105 Blythebourne Elementary School
MS 206 Ann Mersereau Middle School Harry S. Truman High School PS 106 Edward Everett Hale Elementary School
MS 223 The Laboratory School of Health Opportunity High School PS 115 Daniel Mucatel Elementary School
Finance & Technology HS 682 Fannie Lou Hamer PS 119 The Amersfort Elementary School
MS 273 Frederick Douglass Freedom High School PS 124 Silas Dutcher Elementary School
Academy V Junior High School HS 692 Monroe Academy for PS 139 Alexine A. Fenty Elementary School
MS 301 Paul Laurence Dunbar Middle School Visual Arts & Design High School PS 158 Warwick Elementary School
MS 326 Bronx Green Middle School New School for Arts & Sciences High School PS 160 William T. Sampson Elementary School
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JUNIOR ACHIEVEMENT OF NEW YORK, INC.
School Partners
(continued)
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2009 ANNUAL REPORT
“I really enjoyed my experience as a Junior Achievement student this school year. I have improved
significantly in my confidence level, networking skills and public speaking skills. I feel fortunate
to be exposed to these opportunities.”
Shelby Cover
11th Grade/Student Ambassador
KPMG volunteers with Harlem Day JA high school students attend a School-to-
Charter School elementary students. Work education day at Deloitte & Touche. 23
JUNIOR ACHIEVEMENT OF NEW YORK, INC.
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2009 ANNUAL REPORT
Community Partners
NYC AFTER-SCHOOL
COMMUNITY PARTNERSHIPS
AND SUMMER PROGRAMS
Alianza Dominicana
Asian-American Service Center of New York
Asian-American Coalition for Education
Aspira of New York
Bergen Beach Youth Organization (4 sites) El Puente Samuel Field Y (2 sites)
Bronx Arts Ensemble Flatbush Beacon Program Sesame Flyers International
Bronx Christian Community Fort Greene Senior Council South Asian Youth Action
Bronx Institute of Lehman College Freedom School South Brooklyn Youth Consortium
Brooklyn Bureau of Community Service Gaining Early Awareness and Readiness Sports and Arts In Schools Foundation
Brooklyn Chinese-American Association for Undergraduate Programs St. Ann’s Episcopal Church
(7 sites) (Gear Up) (13 sites) Supportive Children’s Advocacy Network
Builders for Family and Youth Diocese Good Shepherd Services (8 sites) The After-School Corporation (TASC)
of Brooklyn Goodwill Industries of Greater N.Y. University Settlement Beacon Program
Catholic Charities of New York and Northern N.J. (2 sites) Vision Urbana
Child Center of New York (4 sites) Graham Windham Star Community Woodside on the Move (2 sites)
Children’s Aid Society (10 sites) Beacon Center YMCA Cross Island
Children’s Art & Science Workshops (3 sites) Grand Street Settlement YMCA Greenpoint Kids in Control Program
Chinese-American Planning Council Greater Ridgewood Youth Council (3 sites) YMCA Jamaica
Church Avenue Merchants Block Groundwork YMCA Prospect Park (4 sites)
Association (CAMBA) (6 sites) HANAC Beacons YMCA Twelve Towns (4 sites)
Committee for Hispanic Children Heartshare Human Services of New York YMCA West Side (4 sites)
and Families Highbridge Community Life Center
Community Association of Hudson Guild
Progressive Dominicans I Have A Dream Foundation NYC SUMMER YOUTH EMPLOYMENT
Community Mediation Services (2 sites) Imani House PROGRAM PARTNERSHIPS
Department of Youth and Jacob Riis Settlement House
Community Development Madison Square Boys & Girls Club (4 sites) Alianza Dominicana
East New York Development Corporation Magic Carpet Day Camp Catholic Charities Brooklyn and Queens
East Side House Settlement Maspeth Town Hall Community Center Community Association of
(4 sites) Progressive Dominicans
Millennium Development (7 sites) NYC Mission Society
Mount Hope Housing Company Phipps Community
Project READY Program Development Corporation
New Settlement Apartments Southern Queens Park Association
New York City Parks and Recreation
(13 sites)
NYC Mission Society LONG ISLAND COMMUNITY
Phipps Community Development PARTNERSHIPS
Corporation
Police Athletic League (4 sites) Comsewogue Youth Club
Queens Borough Public Library (12 sites) Family Service League (2 sites)
Queens Herald Church Glen Cove Youth Bureau
Ridgewood Bushwick Senior Jack and Jill of Nassau County
Citizen Council Liberty Partnership Program (3 sites)
Wyandanch Youth Services
Young People’s Day Camp
Financial Statements
The following represent excerpts of the financial statements of Junior Achievement of New York, Inc. as of and for the years
ended June 30, 2009 and 2008. 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.
26
2009 ANNUAL REPORT
“You cannot motivate the best people with money. Money is just a way to keep score.
The best people in any field are motivated by passion.”
Eric S. Raymond
Statements of Activities
Years ended June 30, 2009 and 2008
2009 2008
Temporarily Permanently
Unrestricted restricted restricted Total Total
SUPPORT AND REVENUE
Support:
Contributions (net of participation payments
of $51,260 in 2009 and $45,623 in 2008) $ 1,394,709 $1,069,261 $ — $2,463,970 $2,684,721
Donated services 182,327 — — 182,327 254,862
Total support 1,577,036 1,069,261 — 2,646,297 2,939,583
Special events (net of direct expenses and participation
payments of $686,791 in 2009 and $574,688 in 2008) 1,523,491 — — 1,523,491 2,225,503
Interest and other income 3,140 — — 3,140 18,506
Total revenue 3,103,667 1,069,261 — 4,172,928 5,183,592
Net assets released from restriction 488,640 (231,140) (257,500) — —
Total support and revenue 3,592,307 838,121 (257,500) 4,172,928 5,183,592
EXPENSES
Program services:
High school programs 823,377 — — 823,377 546,478
Middle school programs 625,767 — — 625,767 501,800
Elementary school programs 1,844,367 — — 1,844,367 2,189,145
Total program services 3,293,511 — — 3,293,511 3,237,423
Supporting services:
Management and general 608,033 — — 608,033 603,270
Fundraising:
Volunteer recruiting costs 216,495 — — 216,495 202,627
General solicitation of funds 488,269 — — 488,269 561,829
Total supporting services 1,312,797 — — 1,312,797 1,367,726
Total operating expenses 4,606,308 — — 4,606,308 4,605,149
Non-operating activities:
Donated services support 245,790 — — 245,790 —
Donated services expenses (245,790) (245,790) —
Losses on pledges (414,838) (20,835) — (435,673) (72,924)
Total non-operating activities (414,838) (20,835) — (435,673) (72,924)
Increase (decrease) in net assets (1,428,839) 817,286 (257,500) (869,053) 505,519
Net assets at beginning of year 1,484,624 611,246 257,500 2,353,370 1,847,851
Net assets at end of year $ 55,785 $1,428,532 $ — $1,484,317 $2,353,370
27
JUNIOR ACHIEVEMENT OF NEW YORK, INC.
Business Investors
28
2009 ANNUAL REPORT
Frandzel Robins Bloom & Csato, L.C. Devlin Naylor & Turbyfill, P.L.L.C. ACE
George A. Ramlose Foundation, Inc. The Durst Organization American Express Company
Hawkeye, LLC Eastern Locating Service Angelsoft
Herrick, Feinstein LLP GC Services Anré Williams
IMG Sports & Entertainment Horizon Employee Leasing, Inc. Broadway/New York Comedy Club
Jaspan Schlesinger Hoffman LLP Island Federal Credit Union Cadwalader, Wickersham & Taft LLP
Kilpatrick Stockton LLP Laborers International Union of Chadbourne & Parke
La Asociación Benéfica North America Chase Auto Finance
Cultural Father Billini Mad River Bar & Grill Columbia Business School
Mayer Brown LLP MSPC Certified Public Accountants & Deloitte & Touche
Mitsubishi UFJ Trust and Banking Advisors, P.C. Edelman Public Relations Worldwide
Corporation Navigant Consulting, Inc. Ernst & Young, LLP
Musculoskeletal Clinical Regulatory Regional Appraisal Assoc., Inc. Exec-Comm LLC
Advisers, LLC RMTS LLC FedEx Express
Nationwide Credit, Inc. Siemens Corporation Fillit Communications
North Jersey Development Group, Inc. Solove & Solove, P.A. Gerald Peart Photography
Paradigm Spine, LLC Strand Import & Distributors, Inc. Harlem Lanes
RiskMetrics Group The Fatta Foundation Huron Consulting Group
Signature Bank The Frank & Fred Friedman John Barrett Salon
Small Bone Innovations Family Foundation Joshua Weitzman
Southern Queens Park Association The Town Tavern Leisure Time
The Actuarial Foundation Veri Oro Inc. National Grid
The Kandell Fund Vidal Partnership, Inc. NBC/Universal Studio
The Kupferberg Foundation Wallwork Brothers, Inc. New York University
The Rosenthal Law Firm Ogilvy & Mather Worldwide
United Recovery Systems, LP ASSOCIATE–(Under $500) Pfizer Inc
46 Associates gave a total of: $12,232.53. PricewaterhouseCoopers, LLP
ACHIEVER–($500+) Six Flags, Inc.
46 Stone Street Venture Gifts-In-Kind Slazdesign
Aegis Receivables Management, Inc. We gratefully acknowledge the generous The Boston Consulting Group
Axiant, LLC support of the following companies and The Daily Show
Bancker Construction Corp. business professionals for in-kind contribu- Thirdway Brand Trainers
Berken Building Company tions, products and services totaling Thomson Reuters
Brokers Service Marketing Group II, LLC $428,117, donated during the 2008-2009 ZipCar
Cole, Scott & Kissane, P.A. fiscal year.
Daily News
29
JUNIOR ACHIEVEMENT OF NEW YORK, INC.
Individual Investors
30
2009 ANNUAL REPORT
31
JUNIOR ACHIEVEMENT OF NEW YORK, INC.
I had JA classes in the 7th and 8th grades at This is the beauty of the volunteer When our kids believe they cannot thrive
Isaac Newton School in East Harlem. We experience. The concepts and words our in their communities, the strongest
learned a lot about the stock market and volunteer used really grabbed our attention members leave and the most vulnerable
how it worked. We looked for patterns and and made us want to engage in discussions are left behind. Often, this results in a
researched and analyzed three-year trends with her. Our volunteer wasn’t a trained cycle of spiritual, social and economic
in the market. Upon reflection, I realize teacher, but she had experience and the poverty. There’s not much left to aspire
how sophisticated this information was knowledge to break down big and to when your community’s role models
for middle school students. complicated ideas for 8th graders. disappear. And how do we think it makes
people feel when they are left behind with
My most vivid memory is of the JA I want the financial literacy empowerment no way of escaping their economic and
volunteer. She was an African-American of my students to go beyond JA’s social circumstances?
woman and she was a vice president in curriculum. Junior Achievement is the spark
her company. She was so confident and that we use to engage and inspire young One of JA’s key messages is: you can be
knowledgeable about business and finance. people to be accountable for their own financially successful in any neighborhood
For most of us, this was the first time we education. We’re not expecting our students and you can help transform your life and
had contact with a person of color of this to become experts, but we are expecting the lives of people around you by
stature. It made us believe that we could be them to have enough knowledge to make embracing education and investing in
like her; we could excel too. While I was in educated and informed decisions. This your community through business and
the “the talented and gifted class” in our knowledge will help them transform their enterprise. If you come from East Flatbush,
school, I was also one of the poor kids neighborhoods into stronger and more you don’t have to work or live in
from the neighborhood. Students in my productive communities. Manhattan to be successful. Success is
school were from struggling, working-class possible if you live and work in the South
families or surviving on public assistance. We teach our kids to believe they must Bronx with a commitment to really develop
Discussions about finance, investing, saving move out of the neighborhood in order to and invest in your community. If our kids
and managing money were foreign to us. It be successful. There’s nothing wrong with don’t make the connection between
was life changing to have a successful, the concept of reinvention, but sometimes empowerment in the classrooms and in
professional role model connect with us. our beliefs have unexpected consequences. their homes, then we are not being
32
Volunteers Make a Difference!
“I really absorbed a lot of information that you shared with me about becoming a
proactive student and time manager. The discussion with you really influenced
me personally because you made me feel that I still have a chance to become
whatever I want to be.”
Samuel Arijeloye
10th Grade/Student Ambassador
Murray Bergtraum High School
Samuel Arijeloye
effective. It’s our job to transfer the Economic independence and empowerment savings and our spending is vitally
knowledge from within the school walls, is something we all strive for. The trouble is important. It affects everything we do.
to seed growth and progression in the many of us don’t know where to start in order Most of us invest a lot of time and money
students’ neighborhoods. to achieve this goal. Junior Achievement gives on styling and looking after our hair, but
kids a starting point, the knowledge and the we are unable or unwilling to spend two
I live across the street from where I grew skills necessary to begin plotting a course or three hours managing our finances.
up. When I was young, my community was toward economic autonomy. This is what We’re used to giving this power and
decimated by the crack epidemic. Young happened to me. It was like having the responsibility to others and as we have
people were trapped by poverty and saw lights turned on in a dark room. To this seen in recent times, this is not always
no other alternatives for moving their lives day, I remember some of the fundamental the best course of action. We need to be
forward. Today, I’m an anomaly in my finance and economic lessons I learned involved in deciding how we manage and
neighborhood. When people see me, they back then. And I’ve clearly benefitted from invest our money. We can no longer afford
refer to me as “Mike—the success of the this knowledge. to sidestep these decisions because of lack
neighborhood.” The truth is I’m not the of information. In a world of shrinking
only success story. I’m one of the few who An important piece of our educational resources, future generations are going to
decided to come back. This is why I am foundation is missing. It’s a critical building have to be prepared to take responsibility
passionate about teaching kids they can be block necessary to support our future for their financial well-being. This is why
successful anywhere—if they have the right aspirations. Our ability to understand and Junior Achievement’s mission is so relevant
knowledge, preparation and attitude. control our money, our investments, our and critical to education today.
33
New York City Junior Achievement of New York, Inc. gratefully acknowledges the
205 East 42nd Street following people and companies for their participation and work
Suite 203 in creating this Annual Report:
New York, NY 10017
Telephone: 212.949.5269 Design
Fax: 212.949.5262 Fillit Communications www.fillitcomm.com