Annual Report
Inspiring and preparing students to succeed in a global economy.
Framing Success W O R K R E A D I N E S S . F I N A N C I A L L I T E R A C Y. E N T R E P R E NEURSHIP.
Impact Data
W o r k r e a d i n e s s . f i n a n c i a l l i t e r a c y . e n t r e p r e n e u r s h i p.
Central Maryland Students served by JA
Students served in Central Maryland
1mi l l ion
968
1,278
since founded in 1957 49 1,724
High School Students Middle Grade Students
2,402
1,089
Maryland
457
316 3,850
6,255
5,269
Maryland students served in 2011:
20,166 Elementary Students
16,675
= counties ser ved
Impact of JA
JA bridges the gap of what students learn in school and how it applies to the real world.
Vo lu n t e e r s
= 200 people
2,400
Participation
634 TEACHERS
two hundred fourteen Schools and Partnerships
96
percent of teachers
agreed or strongly agreed that they would recommend JA to a colleague or friend.
252,166
Student contact hours
IN SIX HUNDRED THIRTY-FOUR CLASSES
Students who participate in JA’s financial literacy programs demonstrate higher levels of capability for critical financial tasks.
Economic Development
n On assessments that measure financial literacy, multiple studies demonstrate that JA students score significantly higher (at least 10 percent higher) than their peers.
88
percent
Students who participate in JA programs develop financial skills necessary for future success. JA students most frequently report they acquire management skills such as how to create a budget and how to set personal financial goals. n
of Junior Achievement alumni report they are confident in their ability to manage their personal finances effectively.
n Eight out of 10 teachers and volunteers agree that students who participate in JA’s elementary programs are more likely than their peers to have confidence in managing money.
Education Development
76
percent
n JA students are more likely to own their business. In a recent JA alumni study, 20 percent of respondents indicated that they own their own business, as opposed to 7 percent of a comparison group and 10 percent of the general population.
Youth Development
91 percent of teachers and volunteers agree or strongly agree that Junior Achievement programs connect what is learned in the classroom to the outside world. n
95
n Nearly eight out of 10 volunteers and teachers agree or strongly agree that participation in JA introduces students to new careers.
percent
of teachers report that students who participate in JA have a better understanding of how the real world operates.
n More than eight out of 10 of JA alumni indicate that JA enabled them to connect what they learned in the classroom to real life. n Seventy-five percent of teachers and volunteers agree or strongly agree that Junior Achievement programs help students’ realize the importance of staying in school. n Ninety-two percent of volunteers report that students who participate in JA have a better understanding of how the real world operates.
JA reinforces education value
8 10 out of
students report that JA programs helped reinforce the importance of staying in school.
in high school program evaluations
of JA alumni say they have the skills to start their own businesses, as opposed to 41 percent of non-JA respondents.
Almost eight out of 10 teachers and volunteers agree or strongly agree that JA better prepares students for the world of work. n
n In longitudinal studies, JA students were significantly more likely than their peers to believe that they would graduate from high school, pursue post-secondary education, and graduate from college. n Three out of four teachers agreed or strongly agreed that participation in JA improved students’ teamwork skills. n Almost nine out of 10 teachers agree or strongly agree that participation in JA improved students’ decision-making skills.
Students who participate in JA programs develop skills for future success.
percent of teachers
agreed or strongly agreed that participation in JA improved students’ critical-thinking skills.
n Eight out of 10 teachers agree or strongly agree that participation in JA improved students’ interpersonal communication skills. n More than seven out of 10 teachers agree or strongly agree that participation in JA improved students’ ability to analyze financial information. n 85 percent of JA alumni indicate that participation in JA programs helped them to strengthen their interpersonal communication skills.
A majority of teachers report that JA’s elementary school programs have a positive impact on students’ work-readiness skills. 1
Welcome from our leadership
Junior Achievement of Central Maryland is dedicated to inspiring and preparing young people to succeed in a global economy. Through a dedicated volunteer network, Junior Achievement provides in-school and after-school programs for kindergarten through 12th grade. Programs focus on work readiness, entrepreneurship and financial literacy. Founded in 1957, we serve more than 20,000 students each year throughout Central Maryland. Dear Friends,
Dr. Darrell A. Luzzo Board Chair Junior Achievement of Central Maryland -----------------------------Vice President Laureate Education, Inc.
Jennifer Bodensiek President & CEO Junior Achievement of Central Maryland
2
When it comes to reaching more young people, Junior Achievement of Central Maryland is newly aggressive. 2011 marked the first of a three-year strategic plan to double the number of students we help shape each year. Completing this ambitious campaign will translate into JA reaching 40,000 young people per year in Maryland by 2014. So how have we done so far? We have exciting news to report. In many ways, year one of the new plan was a transformational year. We introduced a new, innovative learning environment for middle and high school students called JA Finance Park Virtual. To help school systems meet Maryland’s new State Department of Education Financial Literacy requirements, the program is proving very popular. During the 2011-2012 school year, we expect more than 10,000 students and their families will participate in JA Finance Park Virtual. The program builds a foundation for making intelligent, lifelong, personal financial decisions. In 2011, we also expanded the JA Job Shadow experience for high school students. The expanded program helped connect more students to careers in the STEM (Science, Technology, Engineering and Math) fields. Along these same lines, in 2011 we also began to pilot JA Fuel, a project to fuel innovation and more support for young people’s entrepreneurship ventures. As 2012 unfolds, we can say with great gratitude that Maryland provides a steady stream of 2,400 volunteers. With our ambitious plans for growth, we just may need a few thousand more. We invite you to join us.
The JA approach: n
n
n
n
Helps young people build an early understanding of earning potential, savings principles, and responsible spending formulas Nurtures work readiness and sound decision-making skills among young people Unlocks a hunger for high achievement and overall success Encourages young people to adopt an entrepreneurial mind-set in everything they do.
Seeing the big picture.
Junior Achievement reaches 8 million students worldwide, 4 million in the United States and more than 20,000 in Central Maryland.
p. 4 - 9
Case Studies Table of contents The Year in Review
Work Readiness Financial Literacy Entrepreneurship
p. 10 - 14
Listings JA Partners Events of the Year Honor Roll
p. 11
Where Your Dollars Go Participating Schools
p. 15
Financials 2011 Statement of Financial Position
3
Case Study e notrrke p W rr ee an dei nuersssh i p
Shadowing Success Students See a New Path after completing the program:
The statistics are sobering. Young people who drop out of high school are twice as likely as graduates to be unemployed; three times as likely to live in poverty; and eight times more likely to wind up in prison. Even worse, a high school drop-out is twice as likely to become the percent of parent of a drop-out. This cycle of despair clocks in at a students rate of 7,000 drop-outs per day. agree that doing well Although solutions are complex, a landmark study in school helps them on high school dropouts offers an important part of the achieve career goals. answer. Entitled The Silent Epidemic, the study found that one of the top reasons students drop out of school is because of a failure to see the relevance between school and work. To make this connection as clear as possible, a critical battle is underway, and JA is right in the middle of it. percent of students To help teachers with drop-out prevention, Junior Achievement offers JA Job Shadow. Powered by a say the experience well-regarded curriculum to prepare for the big day, made them more aware the program places students in the world of work for a of career options. high-impact day. Thanks to dozens of willing employers in Maryland, more than 1,300 students participate in JA Job Shadow each year. In Baltimore County, one such group came from percent of Overlea High School. Like other participants, the school’s students 40 students prepared for the big day by exploring career say the experience made options. They discussed the kinds of ‘success skills’ their them realize the importance future workplace would require of them. They created of staying in school. their first resume. They became excited about the world of work and how they could prepare for it. “The Job Shadow experience provided them with the reality and possibility of what is possible,” said Erik
97 91
88
4
programs used JA BizTown
JA Finance Park
JA Careers with a Purpose
JA Job Shadow
JA Company Program
JA Success Skills
JA Economics for Success
Our Nation JA Titan
Grooms, Academy of Finance Program Director for Baltimore County Public Schools. On the big day, the eager students piled into a bus and headed to AT&T in Hanover, Maryland. Students watched as AT&T professionals went about their day answering calls, writing emails, solving problems, and most importantly, using math, communications, and other important skills. The Overlea students asked questions about career paths in corporate sales, network engineering, human resources and more. They asked questions about the needed preparation. And they got answers. In the course of a single day, their volunteer hosts become their role models. As Robert Forsyth, vice president and general manager for AT&T in the region described it, “Our partnership with Junior Achievement let us provide these students with the kind of career exploration that will motivate them to stay in school and achieve meaningful careers.” For students, the experience is a discovery of sorts. One 2011 participant said she ”learned that if you want to be a successful business woman or man you have to focus on staying in school so you can become what you want to become.” To keep the momentum going, after the big day students create a personal action plan. The plan enables Job Shadow students to translate what they have learned into specific personal and professional goals. Grooms has nothing but praise for the program. “The job shadowing opportunity is paramount! It assists in bridging the gap between education and industry. It lets students receive hands-on experience and direction about specific career fields of interest. I urge all businesses and organizations to strongly consider participating in such a worthwhile and instrumental experience.”
Case Study financial literacy
Eighth-grader Clare Napoli set out to be a big spender, envisioning herself with an expensive house and a sporty Ford Mustang. Then Junior Achievement’s online economics education program, called JA Finance Park, gave her a virtual identity, and Napoli discovered that she was the parent of two children. “It told me that I should plan better because I have to pay for their education,” said Clare, who with other eighth-graders is using JA Finance Park to meet new state financial literacy requirements. “I have to save my money. I bought a ranch house, and my car is an economical Toyota.” “It puts them in a simulated real-life situation where they need to budget the money that they make each month,” said Cindy Dupski, a JA Finance Park teacher. “They have to make wise investing and spending decisions in here, and ultimately it gives them insight into their future when they have to make financial decisions on their own.” Howard County Superintendent of Schools Sydney Cousin says that the partnership will assist the system in ensuring that students leave with the spending, saving and investing skills needed for their lives beyond high
programs used JA BizTown
JA More than Money
JA Economics for Success
JA Personal Finance
JA Finance Park
From Big Spenders to Savvy Savers
school. “This is a golden opportunity for the Junior Achievement program to work with our students and our families and to talk about financial education and financial literacy,” said Cousin. “We want to make sure that our students and our families are financially literate.” In 2011, Maryland rolled out new financial literacy requirements. To help in the effort, JA began a systemwide implementation of JA Finance Park in Baltimore City Public Schools, Howard County Public Schools, Kent County Public Schools and the Archdiocese of Baltimore. By the end of 2012, JA expects to reach more than 10,000 students in the middle grades. “JA Finance Park represents the kind of innovative solutions we need to support our schools and students as they implement the Maryland State Department of Education’s financial literacy education curriculum,” says Bernard J. Sadusky, Ed.D., Maryland State Department of Education’s interim state superintendent of schools. “The program engages and excites students, leading to stronger critical thinking and decision-making skills while helping schools meet the new standards.” Thanks to local funders, the program is provided at no cost to schools or students. “Citi chose to support JA Finance Park in Baltimore City,” says Sheldon Caplis, the Citi Community Development Regional Director in Maryland. “JA Finance Park has a proven track record for success. It teaches students of today how to become responsible citizens of tomorrow.” The Allstate Foundation agrees. “We know our investment in JA Finance Park helps prepare young people to be educated consumers and to make smart financial choices,” says Shelva Clemmons, an Allstate Foundation spokesperson. “We are proud to help students make the connection between school and real life.” After 19 teacher-led sessions, the program culminates in an online personal finance simulation where students are assigned an adult persona. Upon “entering” JA Finance Park, students are randomly given a marital status, number of children (if any), level of education, employment and income, then asked to apply lessons learned. Like eighth-grader Clare Napoli, they quickly learn that choices, compromises, and saving for the future are key concepts for living within their means.
JA Finance Park top sponsors: The Allstate Foundation The Citi Foundation The Financial Planning Association of Maryland First Financial Credit Union The Foundation for Financial Planning France-Merrick Foundation The Harry and Jeannette Weinberg Foundation Marion I. & Henry Knott Foundation New York Life Foundation Stanley Black & Decker Toyota Financial Services University of Phoenix
5
Case Study entrepreneurship
Fueling the Future is Hard Work Some people are primed for risk-taking and success. Not many of them are like Jordan Ratti. Jordan enjoyed building web sites and working with graphic design. But she was also a risk-taker. In one bold move, she decided to open Limsicle Productions. At the time, she was 14. To those that knew Jordan, it was no surprise she was named Junior Achievement and Ernst & Young’s Youth Entrepreneur of the year.
a national ja survey reveals:
51
percent of teens
say they want to open a business someday.
6
Bill Glazer and daughter Mara Glazer continue a family tradition of supporting entrepreneurship.
Instilling such entrepreneurship dates back to Junior Achievement’s original program, begun in 1919. JA operates under the belief that starting and running a business—or at least learning the skills to do so—gives young people an advantage in life. It also fulfills the vision of JA’s founders: For small business to remain one of the bedrocks of the free enterprise system, young people must be cultivated for it. Fortunately, the desire among American youth to become entrepreneurs endures. A recent national survey commissioned by Junior Achievement reveals at least half (51 percent) of U.S. teens say they want to open a business someday. Unfortunately, not all of them are as motivated to take action as Jordan Ratti. For one Maryland entrepreneur, Junior Achievement’s mission to spark the entrepreneurial spirit has become a family affair. Shaped by World War II and American values, Bill Glazer’s father Harry believed what made America great was strong business. Launching a fine menswear business in Baltimore in 1946, Harry eventually turned the business over to his son, Bill. Over the decades, Bill significantly grew his father’s business and mastered marketing strategies. He eventually used those lessons learned to launch a successful consulting business and to write books to help others learn how to start their own enterprise. Today, Bill shares his passion for helping others through entrepreneurship with his daughter, Mara Glazer. Together, the Glazers have provided more than $150,000 to Junior Achievement since 2010. Bill says the reason they are passionate about Junior Achievement is because of the “terrific work they do in instilling entrepreneurship in young adults, and at such
an early age. The programs and training they receive from Junior Achievement will ready them for their future, regardless of what profession they seek. I’m delighted that my daughter Mara has also become so supportive. My hat is off to Junior Achievement for the great work and for the great people I’ve met that run the organization.” In 2011, Mara helped Junior Achievement plan a new, innovative entrepreneurship experience called JA Fuel. Much like its title suggests, JA Fuel is built to motivate high school students to ‘learn-by-doing.’ Unique to Maryland, the customized after-school experience is a fresh update of JA’s legacy program: JA Company Program. It will teach leadership, communication skills, and financial management. Scheduled to pilot in 2012, the program’s students will form actual companies and offer a real product or service. Our area’s best mentors will help them. Through JA Fuel, students will have the opportunity to attend professional development events and network with the region’s business leaders. The training will be important for another reason too: learning how to take on the competition. Culminating in a rigorous contest for the state’s best-run student company, JA Fuel will send a winning student company to represent Maryland in the National Junior Achievement Company Competition. Powered by programs such as JA Fuel, and through the support of others like the Glazer family, JA honors its legacy: spark an entrepreneurial fire in today’s young people.
Mara Glazer and Jennifer Bodensiek, president of JA, pose with future business leaders in JA BizTown.
Powered by programs such as JA Fuel, and through the support of others like the Glazer family, JA honors its legacy: to spark an entrepreneurial fire in today’s young people. programs used JA America Works
JA It’s My Business!
JA Be Entrepreneurial
JA More Than Money
JA Company Program
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Case Study volunteers
The Power of People Volunteers in schools play an important role in the lives of students. Students with involved adult volunteers at their school generally have better grades, better attendance, and higher graduation rates than those without such involvement.
mickey elsberg Volunteer Junior Achievement of Central Maryland
Increased adult involvement correlates to more positive attitudes, motivation, and self-esteem among students. Fortunately, corporate and small-business volunteers are central to Junior Achievement. In 2011, more than 2,400 volunteers offered their time and insight to help local teachers reach local students. From inner city Baltimore to the suburbs to the rural areas of the Eastern shore, our volunteers freely donate their expertise toward the greater good. Stuart “Mickey” Elsberg is one of them. For Mickey, volunteering for Junior Achievement has become a way of life. After operating a successful chain of pharmacies in the Greater Washington area, Mickey retired to Chestertown in Kent County. Like most volunteers, he had been involved with JA while working full time. But in his retirement, he stepped up his involvement even more. He soon introduced JA to the Kent County community, and today, has become a virtual ambassador for the JA mission there. Each year, he helps recruit other volunteers
In 2011, more than
2,400
junior a chi e v e m e nt v olu nt e e r s
offered their time and insight to help teachers reach their students.
8
from the community, and solicits donations to reach as many Kent County classrooms as possible. With nearly one in five children in Kent County living in poverty, Mickey believes that exposing them to JA programs and establishing a stronger connection between education and future success can make a positive difference. But Junior Achievement programs are only truly successful when a steady source of volunteers willing to go into the classroom in their spare time can be found. To make a lasting impact on the area’s students, Mickey knew he would need a creative way to find volunteers. With a very limited number of employers in the area, Kent County had at least one untapped resource, and Mickey found it: Washington College’s Students in Free Enterprise chapter, part of the national SIFE network. Thanks to Mickey’s efforts, the SIFE chapter happily adopted JA as one of its signature volunteer initiatives. Partnering with Susan Vowels, associate professor of business and SIFE facility advisor at Washington College, talented SIFE student members used their own commitment to enrich their knowledge of business by volunteering to help JA. Targeting mostly elementary school programs, the college-age leaders worked closely with Mickey to coordinate petitions of support from school officials and from community members. Soon a new program was born. Thanks to their partnership, in 2011 alone more than 500 young people in Kent County benefited from Junior Achievement.
why you should volunteer n
Meet new people
Improve communication, management, and interpersonal skills n
Gain a clearer understanding of school structure and curriculum in your own community n
Share your own story of success and motivate the next generation n
To find out how you can be a JA volunteer visit www.jamaryland.org 9
Central Maryland
l
i
s
t
i
n
g
s
Junior achievement
Partner Organizations 21st Century Learning Centers Anne Arundel County AVID Program Anne Arundel County AVID Advisory Board Assurant Educational Alliance Baltimore County Public Schools Academy of Finance Baltimore County AVID Program Baltimore County Public Schools Business, Management, and Finance Advisory Board Baltimore County Workforce Development Council Baltimore Dream Academy Baltimore Grandfamilies Baltimore Urban Debate League Carroll County Chamber of Commerce Child First Authority, Inc. Children’s Aid Society Carrera Program
Jack & Jill of America, Inc.
The Children’s Guild
Kennedy Krieger Institute
Elev8! Baltimore
Learning, Inc.
Engaging Youth Entrepreneurs (EYE) for Change
makingCHANGE
Financial Planning Association of Maryland Future Business Leaders of America Howard County Academy of Finance Howard County Chamber of Commerce Howard County Financial Education Alliance Howard County Public Library Howard County Youth Development Coalition
10
Maryland Association of CPAs Maryland Business Roundtable for Education Maryland Chamber of Commerce Maryland Coalition for Financial Literacy Maryland Council on Economic Education Maryland DECA Maryland State Department of Education Business Management and Finance State Advisory Council
Maryland State Department of Education Financial Literacy Advisory Council Maryland State Department of Education Financial Literacy Design Team Owings Mills Chamber of Commerce Target Community and Educational Services Inc. Washington College Students in Free Enterprise We Work for Health University of MarylandDepartment of Social WorkSocial Work Community Outreach Services Voices for Children
Where Your Dollars Go In 2011, funds were used to help students in the following Maryland schools.
* Denotes Private Schools
Anne Arundel County Annapolis High Arnold Elementary Arundel Bay Christian Academy* Arundel High Belle Grove Elementary Broadneck Elementary Broadneck High Brock Bridge Elementary Chesapeake High Crofton Elementary Deale Elementary Eastport Elementary Folger McKinsey Elementary Four Seasons Elementary Freetown Elementary Georgetown East Elementary Germantown Elementary Glen Burnie High Hebron Harmon Elementary Hilltop Elementary Jacobsville Elementary Jones Elementary Linthicum Elementary Lothian Elementary Meade High Millersville Elementary Mills – Parole Elementary Monarch Academy Public Charter Mount Oak Christian* North County High Northeast High Old Mill High Pasadena Elementary Pershing Hills Elementary Rolling Knolls Elementary Severna Park High Shady Side Elementary South Shore Elementary Southern High Southern Middle Tracey’s Elementary Van Bokklen Elementary Windsor Farm Elementary Woodside Elementary Baltimore City Abbottston Elementary Alexander Hamilton Elementary Bais Yaakov Middle* Cecil Elementary City Neighbors Charter* Coldstream Park Elementary Digital Harbor High Edgecombe Circle Elementary Fort Worthington Elementary Francis Scott Key Elementary / Middle Friendship Academy of Engineering & Technology Furman Templeton Elementary George Washington Elementary Graceland Park Elementary / Middle Hampden Elementary / Middle Harlem Park Elementary
James McHenry Elementary KIPP Ujima Village Academy Middle Mother Seton Academy* Northwestern Senior High Northwood Elementary Patapsco Elementary/Middle Patterson Park Public Charter Rognel Heights Elementary Roland Park Country* School of the Cathedral* St Ambrose Catholic* The Gilman School * The SEED School of Maryland Violetville Elementary William Paca Elementary Windsor Hills Elementary Woodbourne School* Yorkwood Elementary Fallstaff Elementary Hilton Elementary Baltimore County Bear Creek Elementary Bnos Yisroel of Baltimore* Carver Center for Arts & Technology High Catonsville Elementary Catonsville High Chadwick Elementary Chatsworth Elementary Chesapeake High Children’s Guild Special Dayspring Christian Academy* Dulaney High Dundalk High Eastern Technical High Elmwood Elementary Fort Garrison Elementary Franklin Elementary Franklin High Garrison Forest School* Hereford High Immaculate Heart of Mary* Kenwood High Landsdowne High Lansdowne Middle Loch Raven High Milford Mill Academy High New Town Elementary New Town High Orems Elementary Our Lady of Grace* Our Lady of Hope – St. Luke* Overlea High Owings Mills High Padonia Elementary Parkville High Patapsco High Perry Hall High Pikesville High Randallstown Elementary Randallstown High Reisterstown Elementary Riderwood Elementary
Sacred Heart of Glyndon* Sandy Plains Elementary Sollers Point High Sparrows Point High St. Pius X Catholic School* St. Stephen Bradshaw* Towson High Western School of Technology High Winand Elementary Winand Middle Woodlawn High Carroll County Cranberry Station Elementary Eldersburg Elementary Elmer Wolfe Elementary Friendship Valley Elementary Gerstell Academy* Mechanicsville Elementary Robert Moten Elementary Spring Garden Elementary Frederick County The Banner School* Thurmount Middle School Harford County Aberdeen High Aberdeen Middle Edgewood Middle George D. Lisby Elementary at Hillsdale Halls Cross Roads Elementary Mountain Christian School* Our Lady of Grace School* Ring Factory Elementary Howard County Cradlerock Elementary Laurel Woods Elementary Oakland Mills High Oakland Mills Middle Wilde Lake High Kent County Galena Elementary H.H. Garnett Elementary Millington Elementary Rock Hall Elementary Rock Hall Middle Worton Elementary Washington County Antietam Academy Boonsboro Elementary Boonsboro Middle Clear Spring Middle E. Russell Hicks Middle Hancock Middle / Senior High Northern Middle Smithsburg Middle Springfield Middle Western Heights Middle
11
2011 Special Events JA golf tournament
| JA annual bowl-a-thon
golf Sponsored by Accelerent, the inaugural Junior Achievement of Central Maryland Tournament of Champions golf event raised $15,000 in 2011. Junior Achievement’s vice chair of the board Billy Yerman led the effort. “It’s amazing how many of us take our financial security for granted,” says Yerman, CEO of The Strata Group. “Personally, I wonder how much better off we all would be if there had been programs like this around when I was a kid. A lot, I think.” Proceeds from the event supported the expansion of JA’s financial education programs in high-need communities. Held at Hayfields Country Club, the golf outing included wine tasting by Barefoot Wine & Bubbly, a hole-in-one car donated by Norris Automotive, and a lunch and reception provided by Chef’s Expressions.
JA Golf Event Supporters Accelerent
PricewaterhouseCoopers
Mr. Edward Baines
Prime Lending
Mr. Terry Butler
PSA
Clark Leadership
Sandy Spring Bank
Mr. Steve Gevarter
SB & Company
Glass Jacobson
The Baltimore Ravens
Hamilton Federal Bank
The Strata Group
Hartman Executive Advisors
UBS
Mr. Leslie Hirschfield
Verizon
Mr. Clint Lucas
WBAL Radio and Television
McCormick & Company
Whiteford Taylor Preston, LLP
PhRMA
12
Prime Lending, McCormick & Company and The Strata Group foursomes play to support JA.
bowl-a-thon In 2011, Junior Achievement’s annual bowl-a-thon provided an ideal opportunity for area employers to offer a team-building exercise to its employees and raise funds for JA. More than 25 companies and nearly 1,500 participants helped JA raise more than $115,000 in 2011. Each year, T. Rowe Price uses the event as a “fun-raising” experience for its staff. In 2011, the company brought more than 170 employees to a JA bowl-a-thon. All of the fun raised more than $33,000 to support JA’s highest-need communities. T. Rowe Price Vice President and Junior Achievement board member Suzanne Ricklin says her ingredients to bowl-a-thon success involved “having most of our divisions represented,” calling it the “winning combination.” In 2011, T. Rowe Price increased employee participation by 10 percent and donations by 15 percent. Suzanne says she plans on an even bigger turn-out in 2012.
ADP, Inc.
Laureate Education, Inc.
Bank of America
Miles & Stockbridge
BB&T
New York Life
Baltimore Business Journal
Northrop Grumman
Best Buy
PricewaterhouseCoopers LLP
Broadview Networks
Reznick Group
CareFirst
SB & Company
BB&T
Clifton Gunderson
SC & H Group, LLC
Baltimore Business Journal
Ernst & Young
T. Rowe Price
IKEA
Grant Thornton
Toyota Financial Services
Northrop Grumman
Hamilton Federal Bank
UBS Financial Services
T. Rowe Price
Katz Abosch
Wells Fargo
Wells Fargo
KPMG LLP
Special Thanks to Our 2011
JA Bowl-A-Thon Sponsors
Bowl-A-Thon Participating Organizations
T. Rowe Price and Bank of America associates show off how to have fun at JA’s annual bowl-a-thon events.
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Junior Achievement
The 2011 Honor Roll n the Valedictorians: $50,000+ CareFirst BlueCross BlueShield Glazer-Kennedy Insider’s Circle LLC Harry and Jeanette Weinberg Foundation Northrop Grumman T. Rowe Price Toyota Financial Services Wells Fargo n the salutatorians: $20,000+ Allstate Foundation Baltimore Business Journal Bank of America Citi Foundation Foundation for Financial Planners France-Merrick Foundation Marion I. & Henry J. Knott Foundation Maryland State Department of Education McCormick & Company Merritt Properties MOI Stanley Black & Decker University of Phoenix
the principal’s list: $10,000+ Aetna Annie E. Casey Foundation First Financial Credit Union Mr. Christopher P. Giermek Mr. Charles T. Langmead Real Estate Title & Escrow LLC The Strata Group Susquehanna Bank Zurich North America
n
the dean’s list: $5,000+ AEGON Ascend One Corporation Associated Jewish Community Federation AT&T The Baltimore Life Companies BB&T Constellation Energy Foundation Dresher Foundation Ernst & Young Hamilton Federal Bank Henry and Ruth Blaustein Rosenberg Foundation IBM KPMG Legg Mason & Company LLC Mr. Gerry Lindner Miles & Stockbridge P.C. P & G Fund of The Greater Cincinnati Foundation PricewaterhouseCoopers LLP Ms. Suzanne Ricklin Ronald McDonald House Charities of Baltimore State Farm Talcott Gran Charitable Trust Verizon WBALTV/Radio
n
the achievement list: $1,000+ ADP, Inc. America Bowls American Trading & Production Company Baldwin Foundation The Baltimore Ravens Mr. Robert Barnes BottomLine Growth Strategies Ms. Jennifer W. Bodensiek
n
14
JA gratefully acknowledges the support of the following donors:
Mr. Joseph Bunch Ms. Susan Burkom Ms. Karen Campbell Mr. Matthew Casciano Mr. Ron Causey Children’s Fresh Air Society Fund Clark Leadership Clifton Gunderson LLP Columbia Foundation Coppin State University Ms. Carol Coughlin Financial Planning Association of Maryland Mr. Arthur Flach Mr. Martin Fletcher Mr. Gene Frazier Glass Jacobson Grant Thorton Greater Baltimore Board of Realtors Hartman Executive Advisors Mr. Albert Homiak Huether-McClelland Foundation Incred-a-Shred John J. Leidy Foundation Mr. Gregory C. Kallmyer Mr. John Kastner Laureate Education, Inc. Ms. Jennifer Leary Lehigh Cement Company Mr. Darrell A. Luzzo M & T Bank M. S. Electrical Training LLC Mr. and Mrs. George Magnotta Midshore Community Foundation Morton and Sophia Macht Foundation Municipal Employees Credit Union of Baltimore New York Life Office Max PhRMA Point Breeze Credit Union Prime Lending PSA Financial Mr. & Mrs. Robert Reiners SB & Company SC& H Group LLC SunTrust Bank Ms. Karen Syrylo Target TD Bank UBS Financial Services Wal-Mart Whiteford Taylor Preston LLP n the rising stars list: $100+ Advance Business Systems Atlantic Broadband Mr. Edward Baines Ms. Linda Baker Mr. Tom Beckett Ms. Lucy Bell Broadview Networks Ms. Patricia Browne Mr. Terry Butler Mr. Brian Casto Centerville National Bank Chesapeake Bank & Trust Chesapeake Benefit Chesapeake Profit Solutions LLC Chester River Hospital Ms. Kiayah Cobb Ms. Joanne Collin Mr. Jason Cooke Deutsche Bank Alex.Brown Ms. Chimere DeVane
Mr. John Dinkel Dixon Valve & Coupling Company Mr. Alan Dobzinski Edward John Foundation Elsberg Family Fund Farmers & Merchants Bank Mr. Brannon Fitch Mr. Steve Gevarter Mr. Terry Gilleland Global Payments Ms. JoAnn Goldberger Mr. Nicholas Greaves H & R Block Financial Advisors Ms. Stacey Harpine Mr. Les Hirshfield Mr. Paul M. Holden Ms. Kim Holmes Mr. Arthur Horsman Ms. Sarah Janowitz Ms. Kathleen Kasabula KatzAbosch Kent County Chamber of Commerce Ms. Lori L. Kirby Mr. Robert Knych Mr. Stephen M. Kozak Mr. Clint Lucas Ms. Margaret McCarthy Mr. Lee McChesney Mr. Roy McDonald Merck Partnership for Giving Ms. Elaine Michelson Mr. Edward Paulis Planet Green PNC Bank Principal Financial Group Mr. Donald A. Rea Reznick Group Mr. Mark Rhode Mr. James Ross Rotary Club of Bonds Meadow Mr. Jeffrey Rupp Ms. Donna Russo Sandy Spring Bank Saul Ewing LLP Mr. Mike Schendel Mr. Steve Smalley Mr. James B. Smith Mr. William Smith Ms. Cheryl Spell Terrapin Financial Services Mr. Douglas C. York Mr. & Mrs. Roger Young
Statement of
Financial Position
As of June 30, 2011
Unrestricted Net Assets Revenue and Support
$530,524 155,249 27,024 159,148 6,978 2,189
Contributions Special Events Government Fees for Service In-kind Other Income Total Revenue and Support
$881,112
Expenses
Program Services Supporting Services
835,319 164,456
Total Expenses
$999,775
Change in Unrestricted Net Assets Unrestricted net assets, beginning of year
(118,663)
Unrestricted Net Assets, End of Year
480,904
Assets Cash and cash equivalents Investments Pledges and other receivables Prepaid expenses Property and equipment Total Assets
$331,062 13,084 208,692 7,144 10,027 $570,009
$362,241
Liabilities and Net Assets Temporarily Restricted Net Assets
Liabilities
Accounts payable and accrued expenses
Contributions $124,490 Change in Temporarily Restricted Net Assets $124,490 Temporarily restricted net assets, beginning of the year 0 Temporarily Restricted Net Assets, End of Year Changes in Net Assets Net assets beginning of year Net Assets, End of Year
$124,490 5,827 480,904
$486,731
Deferred revenue Total Liabilities
$41,565 41,713 $83,278
Net assets
Unrestricted Temporarily restricted Total Net Assets
$362,241 124,490
Total Liabilities and Net Assets
$570,009
$486,731
15
Central Maryland
board of directors
Junior achievement Executive Committee
Board of Directors
CHAIR Darrell A. Luzzo, Ph.D
Robert T. Barnes
Vice President Laureate Education, Inc.
VICE CHAIR Arthur E. Flach Managing Partner Grant Thornton
VICE CHAIR William L. Yerman CEO The Strata Group
Tanesha Boldin Vice President & Market Manager Work Place Banking Division PNC Bank
Troy Brewer Vice President Wells Fargo Investments
Patricia Browne
TREASURER, AUDIT CHAIR Gerry Lindner
President & CEO P. Browne and Associates Consulting
Partner Ernst & Young LLP
Susan Burkom
SECRETARY Paul M. Holden
Managing Director, Internal Audit Services KPMG LLP
Senior Vice President Bank of America
Brian W. Casto
IMMEDIATE PAST CHAIR Christopher P. Giermek Partner PricewaterhouseCoopers LLP
BOARD DEVELOPMENT CHAIR Suzanne Ricklin
Associate Miles & Stockbridge
Ron Causey Managing Director SC&H Group, LLC
Josh Chumley
Vice President T. Rowe Price Group, Inc.
Maryland Campus Director University of Phoenix
STRATEGIC GROWTH CHAIR Joseph G. Bunch
Shelva Clemons
Director, Design Services Department BGE
MARKETING CHAIR John Kastner Vice President, Marketing/Communications CareFirst BlueCross BlueShield
AT-LARGE MEMBERS Jennifer W. Bodensiek President & CEO Junior Achievement of Central Maryland, Inc.
Karen Campbell Director, Bomber Programs Northrop Grumman
Gene Frazier Branch Manager PrimeLending
George J. Magnotta, Jr. Senior Vice President, Wealth Management Advisory Risk Executive Bank of America
16
Former Manager of Lean Initiatives and Best Manufacturing Practices Northrop Grumman
Capital Region, Foundation Chair Allstate Insurance Company
Carol L. Coughlin, CPA, MBA, CEPA CEO & Founder Bottom Line Growth Strategies, Inc.
W. Talbot Daley Director, Retail Sales and Services Legg Mason Capital Management
John Dinkel Publisher Baltimore Business Journal
Alan Dobzinski President Accountability Experts, Inc.
Scott Dorsey President Merritt Properties, LLC
Alan Eisgrau General Manager Best Buy Store (#1436)
Norman A. Endlich, Ph.D Dean, Brown School of Business and Leadership Stevenson University
Brannon Fitch Senior Vice President, Corporate Bank BB&T
Martin T. Fletcher Managing Partner Whiteford Taylor Preston, LLC
Nicholas Greaves Former President & CEO Better Business Bureau of Greater Maryland
Albert Homiak Vice President Enterprise Risk Management The Baltimore Life Companies
Danielle Jarosinski Manager Verizon Communications
Junior Achievement’s long reach helps students see a bigger world.
Contact us C. Gregory Kallmyer, CFP
Donald A. Rea
Vice President The Kallmyer Group UBS Financial Services Inc.
Attorney at Law Saul Ewing
Robert J. Reiners Jennifer Leary Partner Clifton Gunderson, LLP
V.P. Finance & Strategic Planning McCormick U.S. Industrial Group
Gregory M. Remeikis, CPA Lee McChesney CFO, DIY Division Stanley Black & Decker
Principal Reznick Group, P.C.
Jeff Rupp Monica Mitchell Vice President Wells Fargo
President & CEO Incred-a-Shred
10711 Red Run Boulevard Suite 110 Owings Mills, MD 21117 443.394.7211
Karen T. Syrylo, CPA Edward Paulis Vice President & Assistant General Counsel Zurich North America
Peter Porter SmarterCities Solution Sales Manager IBM
State Taxation Consultant Maryland Chamber of Commerce
David Webb Partner GoBeyond IT
Roger A. Young Financial Advisor Wells Fargo Advisors
www.jamaryland.org
JA elementary, middle, and high school programs prepare students to develop successful financial management habits, empower them to explore the potential of becoming an entrepreneur, and provide them with the skills necessary to succeed in a global workforce.
www.jamaryland.org