Annual Report 2018/19 - Junior Achievement Central Ontario · 32nd Annual Golf Classic $154,000 2,650 Dollars Raised The prestigious Mississaugua Golf Course hosted our 32nd Annual

A Member of JA Canada

JA Central Ontario

Annual Report2018/19

56,856Students

4,110Volunteers

608Schools Involved

2,230Programs Delivered

Table of Contents

Impact in Fiscal 2019

Leadership Message 1 In-School Programs 2 JA Field Trips 3 Company Program 4 Governors’ Dinner 8 Golf Classic 9 Corporate Donors 10 Individual Donors 16 Board of Directors 18 Board of Governors 19 Financials 20

JA Central Ontario | Annual Report 2018-19 1

Leadership Message

Jane EisbrennerPresident & CEO

Jon TaylorChair

Board of Directors

Jon TaylorChair, Board of Directors

Jane EisbrennerPresident & CEO

Hard to believe that JA Worldwide (JAWW) is celebrating their 100 year

anniversary! Equally as impressive is the fact that JAWW was recently

ranked #7 in a global list of 500 of the world’s best not-for-profit

organizations. Surviving a century of world events and landing in the top

10 of the world’s best, is no small feat!

As a proud member of the global JA network, we are delighted to deliver

on the impactful work of this brand in Central Ontario. This last year once

again provided applause and gratitude from teachers, corporate partners,

volunteers, parents and donors for the fact that what we do is so critically

important to the next generation. Household debt continues to rise and

young people living in a ‘cashless society’ fail to understand the value

of money and how to care for it. The good news is that JA is creating

a pipeline of entrepreneurs and raising a generation of astute money

managers. Skills and job expectations are changing dramatically, and JA is

paving the way to this change.

Year-over-year we are overwhelmed at the stories we hear from volunteers

who have been in the classroom or mentored students in Company

program. Our work would not happen without them and for that we are

most grateful. These volunteers have experienced first-hand the value of

what we teach, and repeatedly we hear our volunteers say: “I wish I had a

JA program when I was in school!”

To those reading this message and the highlights of our last fiscal

contained in this report, thank you. We appreciate the part you played in

fueling our responsibility to improve the money-management skills of the

next generation, to add value to their choice of career and to spark the

entrepreneurial spirit that will drive economic gain for our city, province

and country. Your friendship is valuable to us and we are most grateful.

Sincerely,

2 Annual Report 2018-19 | JA Central Ontario

1,978In-School Programs

In-School Programs

JA In-School Programs provide students an opportunity to explore concepts related to

responsible money management, entrepreneurship and workplace readiness. Trained volunteer

facilitators share insights and connections from their educational and work experiences to add

relevance to the learning.

SJA More than Money - grades 4-6

SJA Our Business World - grades 4-6

SJA Be Entrepreneurial Jr - grades 4-6

SJA Dollars with Sense - grade 7

SJA Economics for Success - grade 8

SJA Personal Finance - grades 9-12

SJA Investment Strategies Program - grades 9-12

SJA Company Program - grades 9-12

Across Central Ontario, the following JA programs were offered:

3,994Volunteers

45,768Students

For more details about our programs, please visit www.jacentralontario.org/our-programs/.


JA Field Trips

SAccenture

SAGF

SAIG

SCIBC

SColliers

SDeloitte

SFidelity

SFranklin Templeton

SManulife

SMarsh

SNOKIA

SOntario Trillium Foundation

SQuestrade

SRBC

SSAP

STD

STELUS

STMX

JA Field Trips provide students with a unique “out of classroom” learning experience. Hosted at a corporate office, post-secondary or community venue, students hear from industry experts and participate in a JA program led by an engaging

team. Participating in a field trip allows students to experience first hand what a corporate or post-

secondary environment is like.

24Field Trips

4,900Students

590Volunteers

Thank you to our partners who sponsored a JA Field Trip:


Company Program

1,000+Students

$70,000+in Sales

63Companies

350+Volunteers

In the fall, our 2018 Company of the Year, myCryptoHippo, participated in the FedEx Junior Business Challenge at the PGA TOUR Championship in Atlanta. They were successful in competing in a Dragons’ Den style competition, pitching their business idea to a panel of judges. As the winning team, JA Central Ontario was awarded the grand prize - a $75,000 USD donation from FedEx.

FedEx Junior Business Challenge

Company of the Year

This year, AcornTalent was the recipient of our Company of the Year award. This student-run company focused on helping STEM students get their first job in data science through digital quizzes, hackathons and recruitment events.

Company Program is a hands-on business and career skill-building program for high school students. With mentorship from Volunteer Advisors, these young entrepreneurs worked together as a team to create, build and liquidate their very own business in 18 weeks.


Company Program Events

Student Networking/ Governors’

DinnerWorkshops

Trade Show Interview Night ventureON

Student Management

Training

As part of the JA Company Program experience, students have additional opportunities to participate in events which include skill-building, networking and the application of new business skills. Below is an overview of the events offered to support this entrepreneurial experience. For more information about the Company Program experience, please visit www.jacocompanyprogram.ca.

“I enjoyed everything, from the keynote speaker to the breakout sessions. However, I think the best part was the networking

opportunity we were given. I met some amazing people.”

-JA Company Program Student, Student Management Training

Nov. 28, 2018 Dec. 1, 2018

Mar. 14, 2019 Apr. 24, 2019 May 15, 2019

Multiple Dates


JA World of Choices

Milton Financial Literacy

5Events

855Students

In May 2019, we hosted our first financial literacy event for Milton students. Thanks to support from the Ontario Trillium Foundation*, over 400 grade 7 students learned from mentors and industry experts about currency and what it means to be SMART consumers. The insights shared, provided students with a basic understanding of what it takes to successfully manage their financial futures.

Throughout the year we hosted several JA World of Choices events for high school students. Through engaging career mentors and inspirational speakers, students learned about the limitless opportunities available to them as they consider their future educational and career pathways.

439Students

4,110Volunteers

*The Ontario Trillium Foundation (OTF) is an agency of the Government of Ontario, and one of Canada’s leading granting foundations. OTF awarded more than $120 million to some 700 projects last year to build healthy and vibrant communities.


Volunteer Spotlight Joanna Williams One of our very dedicated JA volunteers, Joanna Williams, is the 2019 Royden Richardson National JA Volunteer Recipient. As a JA Central Ontario volunteer for more than 18 years, Joanna is more than deserving of this recognition. She has facilitated more than 200 programs with JA as an in-class program volunteer and after-school Company Program Advisor. Congratulations Joanna and thank you - we are most grateful for your continued dedication! 1,500+

Volunteer Hours

Volunteer Impact

4,110Volunteers

2,721Corporate In-School & JA Field Trip Volunteers

579Community In-School & JA Field Trip Volunteers

291Teacher-led Program Volunteers458

Company Program Advisors & CP and Alumni Event Volunteers

61Board Members & Office Volunteers


30th Annual Governors’ Dinner

$557,003 10,000

DollarsRaised

Students Benefited

JA Central Ontario hosted a very special Governors’ Dinner marking the 30th anniversary of the event while also celebrating the Homecoming 50th Anniversary of the Charter. James Cunningham lead the guests through a night commemorating the important work of JA Central Ontario and highlighting inspiring stories of entrepreneurial success from JA Alumni. The founder of our Charter, Doug Roberton, was also in attendance to partake in the celebrations (featured in photo above).

Presenting Sponsor Thank you to our Additional Sponsors:

SADP SSAP STD STangerine


32nd Annual Golf Classic

$154,000 2,650

DollarsRaised

The prestigious Mississaugua Golf Course hosted our 32nd Annual Golf Classic this June, with golfers braving the rain and steadfastly supporting our students. We managed to have a great day on the course while raising important funds for our programs.

Presenting Sponsor Thank you to our Additional Sponsors: SBroadridge Financial Solutions SColliers SCIBC SGrant Thornton SPlan Group SQuestrade

JA Central Ontario

32nd

Students Benefited


Top Corporate Donors

Volunteers Engaged

Over $100,000In order of student reach

322

139

We are most grateful for the following donors and are pleased to acknowledge their support of JA Central Ontario’s programs.

241

244

330

Student Reach

4,514

1,572

4,496

2,597

4,320


Corporate Donors Financial support from a broad community of corporations allows JA Central Ontario to invest in the leaders of tomorrow.

$30,000 to $99,999In alphabetical order


Corporate DonorsCorporate Donors

$15,000 to $29,999In alphabetical order

Real Estate Management Services


Corporate Donors

Thank you to the following donors. With your support, we were able to offer programs to youth across Central Ontario. For a full list of our corporate donors, plesae visit: www.jacentralontario.org.

S AIG

S Allegis Group Foundation

S Allstate Insurance Company

of Canada

S Altus Group

S Broadridge Financial

Solutions (Canada) Inc.

S Burgundy Asset

Management

S Camp Jefferson / Jungle

Media

S Canada Life

S Capital One

S Chep Canada

S CI Financial Corp.

S Commonwell

S Crestview Strategy Inc.

S DUCA Financial Services

Credit Union Ltd.

S Economical Insurance

S Element Fleet Management

S Export Development Canada

S Finastra

S Fundserv

S General Electric Canada

S Hugessen Consulting

S IBM Canada Ltd.

S IIAC

S International Financial Data

Services (IFDS)

S Investment Industry

Regulatory Organization of

Canada (IIROC)

S InvestorCOM Inc.

S Jarislowsky Fraser Ltd.

S Knowledge First Financial

S Lee Hecht Harrison

Knightsbridge

S Marks & Clerk

S Mastercard

S Mercedes-Benz Financial

Services

S Moneris Solutions Corp.

S Newmarket Tay-Power

Distribution Ltd.

S No Fixed Address

S Northbridge

S Ontario Securities

Commission

S Osler Hoskin & Harcourt LLP

S Oxford Properties

S Pelmorex Corp.

S People Corporation

S Pepsico

S Plan Group

S Porsche Cars Canada

S Questrade

S Reckitt Benckiser (Canada)

Inc.

S Salesforce.org

S SAS Institute (Canada) Inc.

S SGH Design Partners

S Soroc Technology Inc.

S Starke Realty

S State Street Trust Company

Canada

S Suez Water Technologies &

Solutions

S Sutter Hill Development

Corporation

S TD Greystone Asset

Management

S TD Securities Underwriting

Hope Fund

S TELUS

S Thomas, Large & Singer Inc.

S UBS Bank

S Zurich Canada


Did you know many employers encourage

volunteerism and philanthropy among their

employees?

Check with your HR department today and find out if your organization has a

matching program.

Thank you to our committed volunteers who have supported our work through

employee volunteer grants.

S Ally Chimienti

S Amit Brahme

S Andy Montgomery

S Anndrea Chan

S Asma Haneef

S Bryceson Dodge

S Chandra Smith

S Charlotte Huang

S Chloe Scott

S Daniel Chertic

S David Mendez

S Denholm Kendall

S Forum Kapadia

S John Mazzawi

S Johnny Mazzawi

S Joy Gonsalves

S Kanwar Puneet Singh

S Keith Burt

S Kristina Szoke

S Lena Baho

S Lin Shi

S Margaret Veldman

S Matthew Ryan

S Mohammed Ali

S Nicholas Giardini

S Pafoua Vang-Facey

S Pairavi Srikanthan

S Paula Austin

S Sarah Hutcheon

S Shane Parreno

S Smruti Patel

S Stephanie Fadous

S Steve Tyers

S Sunayna Ali

S Thomas Leung

S Vrushti Shah

Corporate Volunteer Grants


SBMO Institute for Learning S Idealogical Systems SDentons LLP SBrookfield Properties

SCreative Space SSeneca College SThe Village Hive

Gifts in Kind

SA.W.B. Charitable Foundation SActuarial Foundation of Canada SCadillac Fairview SCaldwell Securities Ltd. (Caldwell Foundation) SPeter & Catherine Clark Family Foundation SJohn Deere Foundation of Canada

SOntario Trillium Foundation SR. Howard Webster Foundation SRobert Kerr Foundation SRotary Club of Barrie SRotary Club of Whitby Sunrise SThe Catherine and Maxwell Meighen Foundation

Foundations & Grants

JA Central Ontario is one of only 200 out

of the 89,000 not-for-profit organizations in Canada accredited by

Imagine Canada.

JA Supporters


S Abas Kanu S Adejisola Atiba S Adriana Finelli S Ajai Bambawale S Alana Shaver S Alex Du S Alex Pettes S Alex Todd S Amanda Fleet S Andrew Murphy S Andrew Volpe

S Andy Montgomery S Anil Jamani S Anil Passi S Anthony Boright S Ashton So S Brent Johnston S Brian Prentice S Bryceson Dodge S Calvin Pascall S Cameron Murray S Carol Lynde

S Carolyn Coad S Charles Macfarlane S Charles Malcolmson S Chris Cornell S Chris Manning S Christina Eaton S Christine Pearce S Chuck Scott S Colin Bosa S Colin McCallum S Corey Baker

S Dalal Zayouna S Damianos Eleftheriou S Dan Richmond S Darrell Bartlett S Dave Reece S Dave Schwertfeger S David Drury S Denise Costa S Dennis Ko

Individual Donors Our individual donors provide funding to allow us to reach more students. Thank you, we are most grateful for your support. For a full list of all of our individual donors, please visit www.jacentralontario.org.

S Derek Szeto S Donald Fisher S Doug Sarro S Duncan Sinclair S Ed & Michele Keohane S Erica Hughes S Fayaz Suleman S Feng Zheng S Frances Scarcelli S Gale Carey

S Gary & Joanne Reamey S George Monize S Gerjon Kalaco S Gianluca Cairo S Glenn Daurio S Graham Clark S Grant Wallace S Gurreet Sidhu S Ian Russell S Ian Tolliver

S Jacob Pinto S Jacqueline & Roy Benin S James Cunningham S James Gilles S James Mackintosh S Jamie & Karen Collins S Jane Eisbrenner S Janelle St. Omer S Jay Gould S Jay Wiltshire

S Jean Desgagne S Jean-Paul Marmoreo S Jennifer Cutajar S Jennifer James S Jennifer Lim S Jim White S John Brenko S John Cucchiella

“JA is a valuable experience for my students. Every year, I request a program because I know that this opportunity connects my students with experts and draws on their expertise to help my students build financial awareness and literacy.”

-Grade 7 Teacher, 2019


S John Duda S John Tanfield S Joy & Eddie Gonsalves

S Juste Songailaite S Karen Goodson S Karim Kanji S Karrie Van Belle S Katherine MacMillan S Keith Burt S Kezhi Jin S Kristina Szoke S Kunal Shah S Laura Pillsworth S Lawrence Ritchie S Len Lim S Leslie Rivers S Lorne Daley S Louisa Lau S Louise Mangalino S Lynn Gonsalves S Margaret Blake S Margaret Veldman S Maria Pimenta S Marthy Raci S Matthew Chou S Matthew Williams S Michael Gilbert S Michelle Cowan S Michelle Leuschner S Michelle Micuda S Mira Shemtov S Moira Klein Swormink S Monica Reddon S Monique Allen S Mun Wai Ho S Nadeem Shabbar S Nardine Flaro S Nichole Quan S Nicole Yeomans S Pafoua Vang-Facey

S Paul & Sue Riedlinger S Paul Cusi S Paula & Bill Roberts S Pauline Armour S Pauline James S Raj Buttar S Randy Reid S Richard Morris S Richard Skippon S Rick Matthews S Rino D’Onofrio S Robert Baillie S Robert Courteau S Roy Fraser S Ryan Fagan S Sarah Hutcheon S Sarah Robson S Scott Clark S Scott Dodd S Shana Bates S Sonya Sherwood S Sooky Lee S Spatzie Dublin S Stephanie Brown S Stephanie Fadous S Stephen Remedios S Steve Holder S Steven Elliott S Steven Haasz S Stuart & Ruth Davis S Sunir Chandaria S Tania Litsos S Thomas Leung S Tim Baxter S Tim Lefebvre S Tracey Bissett S Uros Karadzic S Vera Veljanov S Wayne Bolton S Anonymous


Board of DirectorsCatherine Perry-RobertsonLeadership Volunteer

Chris CornellPartner, Audit Financial ServicesKPMG

Chris ManningSVP, Global Risk ManagementScotiabank

Chuck ScottCEO, CanadaCushman & Wakefield

Dean HopkinsChief Growth OfficerOneEleven

Hitesh PeshavariaPartner Deloitte

John DudaExecutive VP, CanadaColliers International

Jon TaylorBoard ChairSenior PartnerGovan Brown

Joseph MullinsSVP & Head GM, Canada Professional ServicesSAP Canada Inc.

Kevin NicholsVP, FinanceHSBC

Michelle CowanRegional VP, MarkhamRBC

Nardine FlaroRegional VP, Personal BankingBMO

Paul RiedlingerLeadership Volunteer

Richard SkipponPartnerErnst & Young (EY)

Roy BeninPresidentACE Bakery

Sally AnPartner, Audit & Assurance GroupPwC

Stephanie BrownVP, Finance InnovationTD Bank

Stephanie FadousSVP, Actuarial Policy, Actuarial GroupManulife

Steve TyersSVP, Region Head, GTA EastCIBC


Board of GovernorsAndrew VolpeDirector & Portfolio ManagerJarislowsky Fraser

Anil PassiManaging DirectorDBRS

Benjamin TalDeputy Chief EconomistCIBC

Brent JohnstonPresidentRogers Communications

Cameron MurraySVP, Client Services & CIOFidelity Investments Canada

Christina EatonLeadership Volunteer

Corey BakerVP Finance & CFOPepsi Co.

Darrell BartlettChief Compliance OfficerKnowledge First Financial

David RustonPartner, Canadian Patent AgentMarks & Clerk

Derek VernonCP, Head, Enterprise Payments ModernizationBMO Financial Group

Duncan SinclairChairmanDeloitte

Edward KeohaneSVP, Wealth Management Client SolutionsScotiabank

Fayaz SulemanVP & CFOBurgundy Asset Management Ltd.

Ian RussellPresident & CEOIIAC

Jamie CollinsVP, Personal Landing & Board ChairTD Bank

Jay WiltshireVP, Institutional RelationshipsTD Greystone Asset Management

Jean DesgagnéLeadership Volunteer

Jeffrey AllsopEVP & Managing Director, Head of Global BankingHSBC

Jeremy JagtPartnerGrant Thornton LLP

Jim AbernethyEVP & CFOMarsh

Jim WhiteChief Sales Officer & EVP Commercial InsuranceHUB International Ontario Ltd.

Jim CucchiellaLeadership Volunteer

Karim Kanji President & CEOSutter Hill Investment Corp.

Karrie Van BelleSVP, Head of Marketing & CommunicationsAGF

Katherine MacMillanPresident & CEOIFDS

Larry RitchiePartnerOsler

Margaret BlakeVP, Merchandising & PurchasingStaples Business Advantage

Ramy DimitryCFOTangerine

Rhonda KloslerNational COORSM Canada

Richard HeraldPresidentNokia Canada Inc.

Rino D’OnofrioSVP, Insurance BusinessRBC Insurance

Robert BailliePresident & CEOState Street Trust Company Canada

Ryan FaganEVPAltus Group

Sander Van DuijnVP, America’sIce Mobile

Sarah RobsonPresident & CEOMarsh Canada

Stuart DavisGlobal Head, Financial Crimes Risk ManagementScotiabankTim Lefebvre

Managing DirectorAccenture

Wayne BoltonPrincipal, ComplianceEdward Jones


Financials2019 2018

ASSETS

Cash and Investments $2,138,284 $ 2,153,240

Accounts Receivable and Other Assets $368,282 $342,778

Total Assets $2,506,566 $ 2,496,018

LIABILITIES

Accounts Payable and Accrued Liabilities $143,758 $167,447

Deferred Contributions $88,320 $91,000

Total Liabilities $232,078 $258,447

NET ASSETS

Unrestricted $574,488 $837,571

Endowment Fund $500,000 $500,000

Internally Restricted $1,200,000 $900,000

Total Net Assets $2,274,488 $2,237,571

Total Liabilities and Net Assets $2,506,566 $2,496,018

STATEMENT OF OPERATIONS for the year ended June 30, 2019

REVENUES

2019 2018

Program Designated Contributions $1,521,311 $1,514,183

Donations and other Contributions $232,098 $223,769

Special Events $701,538 $644,770

Interest and Other Income $80,859 $35,430

Total Revenues $2,535,806 $ 2,418,152

EXPENSES

Program and Materials $1,146,738 $1,071,460

Special Events $204,420 $203,049

Resource Development Personnel $338,759 $299,658

Administrative Personnel $411,017 $420,023

Office and General $194,544 $150,796

Marketing $74,959 $48,465

Facilities and Amortization $152,621 $149,930

Total Expenses $2,523,058 $2,343,381

EXCESS OF REVENUES OVER EXPENSES BEFORE UNDERNOTED ITEM $12,748 $74,771

Unrealized Gain (loss) on Investments $24,167 $46,351

Excess of Revenues over Expenses $36,915 $ 121,122

STATEMENT OF FINANCIAL POSITIONas of June 30, 2019

36,818 Students Waiting for Our Programs.

We Need Your Help to Reach More Students!

Your support fuels our ability to expand our reach, giving more young people the opportunity to learn critical life skills. Whether you volunteer, support us as a corporate partner, provide a gift as a donor, or join the conversation on social media, we encourage your involvement as it impacts the financial well-being of our youth and future leaders. With your continued support, we can continue to ensure youth have the foundation of knowledge that will set them up for a successful future.

Please visit www.jacentralontario.org to learn more about the ways you can support.

Our programs are provided at no charge to schools, students or parents. This is only possible through the funding from our partners and supporters.

A Member of JA Canada

JA Central Ontario

133 Richmond Street West, Ste 405Toronto, ON M5H 2L3416-360-5252www.jacentralontario.org

Charitable Registration #10755 4297 RR0001

@JACentralON @JACentralON @JACentralON JA Central Ontario

We’re on a mission to inspire and prepare young people to succeed in a global economy.

We’re on a mission to inspire and prepare young people to succeed in a global economy.

Documents

Annual Report 2018/19 - Junior Achievement Central Ontario · 32nd Annual Golf Classic $154,000 2,650 Dollars Raised The prestigious Mississaugua Golf Course hosted our 32nd Annual