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Akron, OH (330) 434-1875 Jackson, MI (517) 782-7822 San Francisco, CA (650) 737-0370 Alaska (907) 344-0101 Jacksonville, FL (904) 398-9944 San Jose, CA (408) 988-8915 Albany, NY (518) 783-4336 Kalamazoo, MI (616) 343-0860 San Juan, Puerto Rico (787) 782-3044 Albuquerque, NM (505) 262-0853 Kansas City, MO (816) 561-3558 Santa Rosa, CA (707) 546-2578 Allentown, PA (610) 770-6223 Kingsport, TN (423) 392-8841 *Savannah, GA (912) 525-3991 sdlvjn Arizona , Inc. (602) 271-4210 Knoxville, TN (423) 584-4359 Scranton, PA (570) 346-9080 Arkansas (501) 280-9118 Lafayette, IN (765) 497-8833 Seattle, WA (206) 296-2600 Ashland, KY (606) 329-1699 Lancaster, PA (717) 397-5779 Shreveport, LA (318) 861-1778 Atlanta, GA (404) 257-1932 Lanett, AL (334) 644-4900 Sioux City, IA (712) 255-3519 Augusta, GA (706) 722-8345 Lansing, MI (517) 332-4585 Sioux Falls, SD (605) 336-7318 Annual Report Austin, TX (512) 837-5252 Las Vegas, NV (702) 362-8649 Spartanburg, SC (864) 585-9381 Bakersfield, CA (805) 328-9373 Lexington, KY (606) 219-2423 Spokane, WA (509) 624-7114 Baltimore, MD (410) 527-1966 Lima, OH (419) 225-5816 Springfield, MA (413) 525-5600 Baton Rouge, LA (225) 928-7008 Lincoln, NE (402) 467-1010 Springfield, MO (417) 873-6989 Battle Creek, MI (616) 968-9188 Longview, TX (903) 297-2202 Springfield, OH (937) 323-4725 Birmingham, AL (205) 879-9365 Lorain, OH (440) 329-3313 St. Joseph/Benton Harbor, MI (616) 983-7579 Boise, ID (208) 345-3990 Los Angeles, CA (323) 957-1818 Stamford, CT (203) 327-2535 Boston, MA (617) 367-5850 Louisville, KY (502) 425-8833 Stockton, CA (209) 943-6610 Bowling Green, KY (502) 782-0280 Lynchburg, VA (804) 846-4813 Syracuse, NY (315) 457-8917 Brazoria County, TX (409) 297-6411 Mansfield, OH (419) 747-9337 Terre Haute, IN (812) 232-6230 Bridgeport, CT (203) 382-0180 Melbourne, FL (407) 636-1000 Toledo, OH (419) 865-5511 Buffalo, NY (716) 853-1381 Memphis, TN (901) 366-7800 Topeka, KS (785) 235-3700 ** Camden, NJ (609) 880-1885 Miami, FL (305) 751-9200 Traverse City, MI (616) 922-6317 Canton, OH (330) 455-5141 Middletown, OH (513) 423-9776 Tulsa, OK (918) 599-9904 Cedar Rapids, IA (319) 395-7903 Midland, MI (517) 631-0162 Twin Cities, MN (612) 927-8354 Charleston, SC (843) 745-1141 Midland, TX (915) 682-4966 Warren/Youngstown, OH (330) 539-5268 Charleston, WV (304) 346-9753 Mississippi (601) 948-3997 Washington, DC (202) 296-1200 Charlotte, NC (704) 536-9668 Mobile, AL (334) 473-3901 Waterloo, IA (319) 274-0760 Chattanooga, TN (423) 892-4488 Naples, FL (941) 649-6066 West Palm Beach, FL (561) 840-8700 Chicago, IL (312) 715-1300 Nashville, TN (615) 383-9500 Westchester, NY (914) 741-0150 Cincinnati, OH (513) 821-7460 New Bedford/Fall River, MA (508) 997-6536 Wichita, KS (316) 267-2248 Cleveland, OH (216) 861-8080 New Haven, CT (203) 265-5811 Wilmington, DE (302) 654-4510 Cleveland, TN (423) 476-6772 New Orleans, LA (504) 832-0102 Winston-Salem, NC (336) 727-2040 Colorado Springs, CO (719) 636-2474 New Yorl, NY (212) 949-5269 Wisconsin (414) 352-5350 Columbia, SC (803) 252-1974 ** Newark, NJ (973) 645-5470 Worcester, MA (508) 756-2207 Columbus, OH (614) 488-5373 Norfolk-Newport News, VA (757) 455-9500 York, PA (717) 843-8028 Dallas, TX (972) 690-8484 Oklahoma City, OK (405) 235-3399 Dayton, OH (937) 228-7930 Omaha, NE (402) 333-6410 * merged with JA of Georgia, 10/31/99 Decatur, AL (256) 353-3573 Orlando, FL (407) 898-2121 Decatur, IL (217) 428-2151 Owensboro, KY (270) 684-7291 ** New Jersey statewide consolidation planned Denver, CO (303) 534-5252 Pensacola, FL (850) 477-1420 for 1/1/00 Des Moines, IA (515) 279-9602 Peoria, IL (309) 673-0115 Detroit, MI (313) 964-3000 Philadelphia, PA (215) 895-6262 Dubuque, IA (319) 556-3933 Pittsburgh, PA (412) 281-7615 El Paso, TX (915) 858-6771 Portland, ME (207) 773-5200 ** Elizabeth, NJ (908) 289-6380 Portland, OR (503) 238-6430 Elkhart, IN (219) 293-4554 ** Princeton, NJ (609) 989-8989 Elmira, NY (607) 734-0562 Providence, RI (401) 331-3850 Eugene, OR (541) 687-8114 Quad Cities (309) 736-1630 Evansville, IN (812) 425-8152 Raleigh, NC (919) 821-2100 Fort Lauderdale, FL (954) 782-3677 Reading, PA (610) 373-3500 Fort Wayne, IN (219) 484-2543 Reno, NV (775) 323-8084 Fort Worth, TX (817) 731-0838 Richmond, IN (765) 962-0503 Grand Haven, MI (616) 844-0800 Richmond, VA (804) 217-8855 Grand Rapids, MI (616) 451-2674 Roanoke, VA (540) 989-6392 Greensboro, NC (336) 299-4339 Rochester, NY (716) 327-7400 Greenville, SC (864) 235-9491 Rockford, IL (815) 963-8413 Hamilton, OH (513) 894-2055 Sacramento, CA (916) 648-1084 Hartford, CT (860) 525-4510 Saginaw, MI (517) 752-9050 Honolulu, HI (808) 486-8806 Saint Louis, MO (314) 731-4000 Houston, TX (713) 682-4500 Saint Petersburg/Tampa,FL (727) 530-0884 Huntsville, AL (256) 533-4661 Salisbury, MD (410) 742-8112 Indianapolis, IN (317) 634-3519 Salt Lake City, UT (801) 355-5252 JA International (719) 540-0200 San Antonio, TX (210) 490-2007 www.ja.org MK349 Junior Achievement

Our Mission Junior Achievement will ensure that every child in America has a fundamental understanding of the free enterprise system.

Our Purpose Junior Achievement educates and inspires young people to value free enterprise, business, and economics to improve the quality of their lives. What if... Corporate Contributors

Chairman’s Circle Arthur Andersen & Co. Abrahamian Pagliassotti & ($250,000 and Above) Argo Turboserve Corporation Tanaka “What if you changed the future?” BellSouth Corporation AlliedSignal Foundation Inc. The Ackerley Group Citigroup Foundation Alrod Associates, Inc. Cargill Ernst & Young LLP American Home Products An organization that is attentive and quickly adjusts to changing needs will not only Federal Express Corporation Corporation survive but can thrive. Junior Achievement celebrates its 80th anniversary and is proud of President’s Club GTE Foundation * AT&T a history of providing the highest quality economic education to our nation’s students. We ($100,000 - $249,999) Hilton Hotels Corporation The Beck Group have indeed thrived. Holborn Corporation Boise Cascade BP Amoco Foundation, Inc. * J.M. Huber Corporation Brokers & Reinsurance Markets Our organization faces great opportunities and difficult challenges. As we seize the Emerson Electric Company Independent Charities of Association opportunity to reach more students in more schools, we are challenged to recruit and Merrill Lynch & Co. Foundation, America Caterpillar Inc. retain the most qualified and committed volunteers. Partnerships and collaborations with Inc. Koch Industries Inc. The Central National-Gottesman various organizations are sources of new volunteers. Classroom teachers successfully USAA and The USAA LAWGIBB GROUP * Foundation recruit volunteers from communities surrounding their schools. Additionally, efforts with Foundation, A Charitable Metropolitan Life Foundation Citibank, N.A. the military and targeted industries are producing enthusiastic volunteers. Trust NationsBank Foundation City National Bank Rockwell * Liz Claiborne Foundation Curriculum materials are relevant, current, and effective. At the same time, they must be Major Investors Sprint Corporation Clarke American continuously improved. Students must learn about business and be exposed to ($50,000 - $99,999) Whirlpool Foundation CMS Energy professionals representing diverse fields. Interaction with our JA volunteers can The Xerox Foundation Colgate-Palmolive Company significantly impact a student’s future regardless of grade level. Students learn about 3M Compaq Computer Corporation options and choices–and they learn to dream and realize their dreams. AMBAC Inc. Partners Conoco ARAMARK ($5,000 - $9,999) Day Construction Company Corporations, foundations, and individuals are the sources of Junior Achievement’s JCPenney Company, Inc. Delta Consulting Group Inc. funding. They are to be thanked for supporting the programs that prepare our students The May Department Stores Aeroquip-Vickers, Inc. Frederick A. DeLuca Foundation, for the workplace and for life. It is their support that enables this dynamic program to Company Ameritech Inc. pave the road to a better future for our nation and its future citizens and leaders. The United Parcel Service Armstrong Foundation Diebold Incorporated Azteca Foods, Inc. C.W. Driver Contractors Investors The Bank of New York Durrant Architects Inc. ($25,000 - $49,999) Browning-Ferris Industries, Inc. Eastman Kodak Company The Chase Manhattan FMC Corporation ALLTEL Foundation FORBES INC. General Robert T. Herres (USAF, Ret.) James B. Hayes American Express Foundation Cooper Industries, Inc. Fru-Con Construction Chairman & CEO, USAA President & CEO Amway Corporation DST Systems, Inc. Corporation Chairman, Junior Achievement Inc. Junior Achievement Inc. BankAmerica Foundation Dayton Hudson Corporation Gamma Construction Company Bell Atlantic - New Jersey, Inc. Duke Energy Corporation Gamma One, Inc. The Boeing Company Enhance Financial Services Guilford Mills, Inc. Deloitte & Touche LLP Group Inc. The Hertz Corporation General Reinsurance The Goodyear Tire & Rubber Hoover Color Corporation Corporation Company Kimball International-Habig Pfizer, Inc. W. W. Grainger, Inc. Foundation, Inc. PricewaterhouseCoopers LLP Gulfstream Long Aldridge Norman LLP The Procter & Gamble Company Illinois Tool Works Foundation Lucent Technologies State Farm Mutual Automobile Johnson & Johnson Family of Manhattan Store Interiors, Inc. Insurance Company Companies Maritz Inc. Tricon Global Restaurants, Inc. LG&E Energy Foundation Marsh & McLennan Companies, MBIA Inc. Senior Partners Owens-Corning Foundation * MCI ($10,000 - $24,999) Frederic Wells, Inc. Moran Printing, Inc. Moye, O'Brien, O'Rourke, Hogan ADP Foundation Entrepreneurs and Pickert Alcoa Foundation * ($1,000 - $4,999) Ocean Energy, Inc.

* Includes Payment of Previous Year Pledge Corporate Contributors Foundation Contributors

President’s Club Senior Partners Entrepreneurs Painted Sky Productions Columbia Lighting Retail Design Group, Inc. ($100,000 - $249,999) ($10,000 - $24,999) ($1,000 - $4,999) Panasonic Industrial Company CommNet, Inc. Southwestern Bell Poerio, Inc. Cooper Tire & Rubber Company Storage Technology Corporation RJR Nabisco Foundation Darling Store Fixtures The Store Kraft Manufacturing The Goizueta Foundation James E. and Diane W. Burke S. D. Bechtel, Jr. Foundation Ricoh Corporation Dialogic Corporation Company Robert R. McCormick Tribune Foundation, Inc. Henry M. Blackmer Foundation, Rose & Dooros, Inc. dba Private R. L. Dillmeier Enterprises, Inc. Stukas & Associates Foundation The Flaherty Family Foundation Inc. Label Dimeo Construction Company Michael K. Swim Consulting National Recreation Foundation Goals for Americans Foundation Sensormatic Electronics EMC Corporation Engineer Inc. Major Investors Incorporated Corporation * GE Capital - IT Solutions Target Woodworks, Inc. ($50,000 - $99,999) The Fran & Ray Stark Associates The Stanley Works The Georgia Marble Company Timeplex Group, Americas Foundation ($100 - $999) Symbol Technologies, Inc. The Greenbrier Companies Toshiba International The Pew Charitable Trusts * TC Architects, Incorporated * Henderson Group Corporation Partners Nevada FFA Foundation Thelen, Reid & Priest LLP Hill Communication Solutions Tucci, Segrete & Rosen Investors ($5,000 - $9,999) The TOVA Corporation LLC Consultants, Inc. ($25,000 - $49,999) Wachovia Corporation Innovative Marble and Tile, Inc. WalkerGroup / CNI Achievement Foundation, Inc. Woodworkers of Denver, Inc. The J.S. MacLean Company Walsh Brothers, Inc. Amelior Foundation The Little Family Foundation * Xerox Corporation JSA Architects El Pomar Foundation PACCAR Foundation Kvell Corcoran Associates, PC Horace A. Moses Foundation The Whitehead Foundation Shareholders A.J. Martini, Inc. New York Life Foundation (To $999) McLeodUSA Michael Systems Inc. Amdahl Corporation Newfield Construction, Inc. American Society of CLU & Northland Associates Inc. Individual Contributors ChFC David A. Mintz, Inc. Axiohm – Stradia Modern Woodcrafts, Inc. Julius Bloom & Son Fixtures, Inc. Monarch Marking Systems President’s Club Partners Gerald M. Czarnecki Charles W. Schellhorn Nason and Cullen, Inc. Jeffrey M. Brown Associates, Inc. ($100,000 - $249,999) ($5,000 - $9,999) James D'Agostino David L. Shedlarz Buch Construction, Inc. Océ Printing Systems USA, Inc. Fred N. Davis Martin F. Stein Carlson Associates, Inc. Otema Store Interiors Ltd. Carl H. Lindner Raymond B. Carey Livio D. DeSimone Mark A. Suwyn CEEM Oxford Industries, Inc. Bruce C. Coles Samuel A. DiPiazza Theodore L. Weise Wm. Christian Co. Pacific Printing Industries John C. Cushman Gary W. Edwards Cisco Systems Pavlik Design Team Investors Douglas L. DeVos James D. Edwards Cold Spring Granite Company RAS Builders, Inc. ($25,000 - $49,999) Associates Mary Flemke S. Jackson Faris ($100 - $999) Dennis E. Foster Lodwrick M. Cook W. Grant Gregory Robert C. Harmon Patricia L. Francy Donald R. Brinkley National Business Hall of Fame Senior Partners Clyde D. Keaton William M. Freeman Stephen P. Donovan Kay Koplovitz Roger W. Hale ($10,000 - $24,999) Donald E. Garretson Steven T. Mnuchin John Hayden William A. Grant Motorola Jewel-Osco William J. Hybl * Title Sponsor Kevin C. Clark H. John Riley Anthony W. Hall ($500,000) PricewaterhouseCoopers Kraft® Foods, Inc. C. J. Silas Elwood D. Howse Raymond M. Démeré, Joe Jalinsky BP Amoco Kurtis Productions, Ltd. Albert E. Suter Victoria B. Jackson Jr. Lonny J. Jay Official Airline Sponsor Minolta Arte Johnson James C. Dowdle R. Marvin Womack William M. Kendrick Partner American Airlines Motorola, Inc. Jerome T. Loeb Robert T. and Shirley J. John F. McGillicuddy ($150,000) Union Beverage Company Entrepreneurs William B. Marx John C. Metzger Talus Cellars, Sonoma, California Herres Charitable Joe T. McMillan WGN-TV Children’s Charities, a Gift-in-Kind Donations ($1,000 - $4,999) Eric van Miltenburg Bozell Worldwide Tribune Company Fund fund of the McCormick Tribune Frank P. Pekny Gary M. Nielsen Comdisco, Inc. James T. Hackett Foundation Darryl F. Allen Dennis R. Purdum Robert B. Rogers Crain’s Chicago Business Phillip B. Lassiter Douglas P. Beighle Bruce E. Ranck Hicks B. Waldron The Eli’s Cheesecake Company William G. Lowrie Frank A. Rossi Associate Sponsors Tova Borgnine * Hays T. Watkins Forbes Magazine Denman K. McNear Lewis W. Saxby * ($100,000) John L. Clendenin JCPenney Company Inc. Comdisco, Inc. John T. Cody C. Barry Schaefer Ameritech Jello-O®

* Includes Payment of Previous Year Pledge * Includes Payment of Previous Year Pledge Financials Financials

Junior Achievement Incorporated Junior Achievement Incorporated Junior Achievement Incorporated Statements of Financial Position Statements of Cash Flows Statements of Activities June 30, 1999 and 1998 Years Ended June 30, 1999 and 1998 Years Ended June 30, 1999 and 1998

1999 1998 ASSETS 1999 1998 OPERATING ACTIVITIES: 1999 1998 Cash and cash equivalents: Change in net assets $ (979,315) $1,614,851 Unrestricted General $ 2,537- $ 604,771- Adjustments to reconcile change in net Board Total Temporarily Total Temporarily Board designated 234,960- 657,098- assets to net cash provided by (used in) General Designated Unrestricted Restricted Total Unrestricted Restricted Total Temporarily restricted 23,870- 449,058- operating activities: SUPPORT AND REVENUE: 323,678- 350,922- Total cash and cash equivalents 261,367- 1,710,927- Depreciation Contributions $ 1,532,270- $ 138,500- $ 1,670,770- $ 1,015,145- $ 2,685,915- $ 1,859,416- $ 2,092,000- $ 3,951,416- (181,429) (365,865) Gains on Investments Program material sales 10,952,055- 10,952,055- 10,952,055- 9,841,667- 9,841,667- Investments: Changes in operating assets and Cost of sales 7,077,351- 7,077,351- 7,077,351- 7,027,622- 7,027,622- General 4,083- 300,833- liabilities: Profit on program (109,702) (233,754) Board designated 3,118,739- 2,656,856- Accounts receivable from affiliates material sales 3,874,704- 3,874,704- 3,874,704- 2,814,045- 2,814,045- Temporarily restricted 491,508- 1,017,977- Contributions receivable - temporarily Area fees - affiliates 3,481,654- 3,481,654- 3,481,654- 3,820,879- 3,820,879- 380,668- (411,351) Total investments 3,614,330- 3,975,666- restricted Investment and other (2,993,057) (254,462) Inventory income 141,245- 249,138- 390,383- 97,934- 488,317- 536,871- 123,089- 659,960- 72,125- (172,767) Accounts receivable from affiliates, Other assets Total 9,029,873- 387,638- 9,417,511- 1,113,079- 10,530,590- 9,031,211- 2,215,089- 11,246,300- less allowance of $227,422 in 1999 and Accounts payable and accrued Special events, net of 1,749,074- 1,189,603- $77,500 in 1998 1,646,485- 1,536,783- liabilities expenses of $1,708,910 in Contributions receivable - Net cash provided by (used in) 1999 and $352,765 in 1998 150,000- 150,000- 150,000- 147,030- 147,030- (1,737,958) 1,717,177- temporarily restricted 898,183- 1,278,851- operating activities Net assets released from Inventory 4,514,454- 1,521,397- restrictions 1,959,607- 1,959,607- (1,959,607) 1,025,931- (1,025,931) Other assets 484,574- 556,699- INVESTING ACTIVITIES: (412,947) (2,756,551) 7,543,696- 4,893,730- Purchase of investments TOTAL SUPPORT 955,712- 2,153,774- Proceeds from sale of investments AND REVENUE 10,989,480- 537,638- 11,527,118- (846,528) 10,680,590- 10,204,172- 1,189,158- 11,393,330- Land, buildings and equipment: Purchase of equipment (254,367) (242,584) Buildings 4,928,385- 4,928,385- Net cash provided by (used in) OPERATING EXPENSES: 288,398- (845,361) Furniture and equipment 1,656,716- 2,750,059- investing activities Program services: Allowance for depreciation (2,984,160) (4,008,192) Field services 4,759,475- 4,478- 4,763,953- 4,763,953- 3,842,996- 3,842,996- Buildings and equipment, net 3,600,941- 3,670,252- INCREASE (DECREASE) IN CASH AND Communications and (1,449,560) 871,816- Land 1,278,481- 1,278,481- CASH EQUIVALENTS marketing 1,757,210- 313,627- 2,070,837- 2,070,837- 1,092,647- 1,092,647- Artwork 30,000- 30,000- Research and development 1,298,199- 1,298,199- 1,298,199- 848,427- 848,427- Land, buildings and CASH AND CASH EQUIVALENTS, Human resources 1,122,541- 25,895- 1,148,436- 1,148,436- 1,671,566- 1,671,566- 1,710,927- 839,111- equipment, net 4,909,422- 4,978,733- BEGINNING OF YEAR Total program services 8,937,425- 344,000- 9,281,425- 9,281,425- 7,455,636- 7,455,636-

TOTAL $ 16,328,815- $ 15,559,056- CASH AND CASH EQUIVALENTS, Supporting services: $ 261,367- $1,710,927- END OF YEAR Management and general 1,240,833- 92,936- 1,333,769- 1,333,769- 1,301,092- 1,301,092- LIABILITIES AND NET ASSETS Fund raising - National Office 721,033- 721,033- 721,033- 670,829- 670,829- Accounts payable and accrued liabilities $ 4,048,047- $ 2,298,973- Total supporting services 1,961,866- 92,936- 2,054,802- 2,054,802- 1,971,921- 1,971,921-

Net assets: TOTAL OPERATING Unrestricted: EXPENSES 10,899,291- 436,936- 11,336,227- 11,336,227- 9,427,557- 9,427,557- Represented by land, buildings and equipment 4,705,137- 4,969,755- CHANGE IN NET General 2,116,943- 1,892,959- ASSETS BEFORE 6,822,080- 6,862,714- DEPRECIATION 90,189- 100,702- 190,891- (846,528) (655,637) 776,615- 1,189,158- 1,965,773- Board designated: Headquarters Development/ DEPRECIATION (323,678) (323,678) (323,678) (350,922) (350,922) Endowment 1,156,953- 1,365,589- FUND TRANSFER 192,855- (192,855) Other 2,260,640- 2,144,157- CHANGE IN NET ASSETS (40,634) (92,153) (132,787) (846,528) (979,315) 425,693- 1,189,158- 1,614,851- 3,417,593- 3,509,746- NET ASSETS, BEGINNING 6,862,714- 3,509,746- 10,372,460- 2,887,623- 13,260,083- 9,946,767- 1,698,465- 11,645,232- Total unrestricted 10,239,673- 10,372,460- NET ASSETS, ENDING $ 6,822,080- $ 3,417,593- $ 10,239,673- $ 2,041,095- $ 12,280,768- $ 10,372,460- $ 2,887,623- $ 13,260,083- Temporarily restricted 2,041,095- 2,887,623- Total net assets 12,280,768- 13,260,083- TOTAL $ 16,328,815 $ 15,559,056 - - Board Members

Ms. Ginger A. Ackerley Mr. Samuel A. DiPiazza, Jr. Mr. David E. Hall Mr. David C. Novak Co-Chairman/Co-President Managing Partner, Tax and Legal Services - President, TNN, CMT Vice Chairman & President The Ackerley Group Americas A CBS Cable Network Tricon Global Restaurants, Inc. Seattle, WA PricewaterhouseCoopers Nashville, TN Louisville, KY New York, NY Dr. Kenneth S. Burnley Mr. William W. Hanna Mr. Peter S. Ordway Superintendent Mr. Stephen P. Donovan, Jr. Vice Chairman of the Board Non-Executive Chairman of the Pump Group The financial statements of Junior Achievement Inc., for the year ended June 30, 1999, have been examined by Colorado Springs School District #11 President - Global Beverage & North Koch Industries Inc. David Brown Union Pumps (A Textron Deloitte & Touche LLP, independent certified public accountants, on which an unqualified opinion was rendered on Colorado Springs, CO America Food & Beverage Wichita, KS Company) The Procter & Gamble Company Hickory Corners, MI September 9, 1999. The complete set of financial statements and the unqualified opinion by Deloitte & Touche LLP Mr. Raymond G. Chambers Cincinnati, OH Dr. Willie W. Herenton are on file at Junior Achievement Inc., and are available on request. Chairman Mayor of Memphis Dr. Constantine Papadakis Amelior Foundation Mr. James C. Dowdle Memphis, TN President Morristown, NJ Executive Vice President Drexel University Junior Achievement Inc. is once again proud to meet the National Charities Information Bureau (NCIB) standard on Tribune Company Gen. Robert T. Herres (USAF, Ret.) Philadelphia, PA Mr. Kevin C. Clark Chicago, IL Chairman & CEO Use of Funds. Eighty-two percent of Junior Achievement’s expenses were for program services. This compares to the Chairman & CEO United Services Automobile Association Mr. Frank P. Pekny NCIB minimum standard of sixty percent. The following is a brief description on how these funds were used. KMC Holdings Mr. Gary W. Edwards San Antonio, TX Vice Chairman and CFO Rowayton, CT Executive Vice President - Refining, City National Bank Marketing, Supply & Transportation Mr. Elwood D. Howse, Jr. Beverly Hills, CA Field services provides assistance and guidance which help the 172 Junior Achievement area offices provide Mr. John L. Clendenin Conoco, Inc. President West Palm Beach, FL Houston, TX Cable & Howse Ventures Mr. Dennis R. Purdum economic education to local cities and communities. Support in staff hiring, board recruitment, training, and quality Mercer Island, WA Senior Vice Chair management are services which enable these areas to deliver consistent high quality programs to students in the Mr. John T. Cody, Jr. Mr. James D. Edwards Ernst & Young Dallas, TX Managing Partner - North America Mr. William J. Hybl New York, NY local schools. Arthur Andersen Chairman & CEO Mr. Bruce C. Coles New York, NY El Pomar Foundation Mr. Bruce E. Ranck Chairman, President & CEO Colorado Springs, CO Former, President & CEO Communications and marketing provide the print and electronic messages which explain and promote the Junior LAWGIBB GROUP Mr. S. Jackson Faris Browning-Ferris Industries Alpharetta, GA President & CEO Ms. Victoria B. Jackson Houston, TX Achievement programs to corporations, volunteers and educators at national and local levels. National Federation of Independent Nashville, TN Mr. Lodwrick M. Cook Business Mr. H. John Riley, Jr. Co-Chairman Washington, DC Mr. Arte Johnson Chairman, President & CEO Special events and communication targeted to specific audiences are created and implemented by these departments Global Crossing Ltd. Bel Air, CA Cooper Industries, Inc. to further interest and involve them in Junior Achievement programs. Beverly Hills, CA Ms. Tina S. Flaherty Houston, TX President & CEO Mr. Clyde D. Keaton Mr. Buster Corley Image Marketing International President & CEO Mr. James H. Rosenfield Research and development efforts continually evaluate and upgrade existing programs and develop new curricula Co-Founder, Co-Chairman & Co-CEO New York, NY Argo Turboserve Corporation President Dave & Buster's, Inc. Carlstadt, NJ JHR & Associates and supporting materials to provide the most effective instructional package possible. Dallas, TX Mr. William E. Flaherty New York, NY Chairman & CEO Dr. William M. Kendrick Mr. Dave Corriveau Horsehead Industries, Inc. Vice President Mr. C. Barry Schaefer Human Resources reflects one of our primary organizational values that people are our most important asset. This Co-Founder, Co-Chairman & Co-CEO New York, NY TransACT Education Inc. Executive Director group helps maintain high standards of staffing across the nation which in turn provides the quality personnel Dave and Buster's, Inc. Union, WA The Beacon Group Dallas, TX Mr. Dennis E. Foster New York, NY necessary to support the organization. Vice Chairman Mr. Phillip B. Lassiter Mr. John C. Cushman, III Alltel Corporation Chairman, President & CEO Mr. Charles W. Schellhorn President & CEO Little Rock, AR AMBAC, Inc. President Our mission is necessarily staff intensive resulting in the need to provide professional training and development at Cushman Realty Corporation New York, NY Argus Health Systems, Inc. all staff levels. Los Angeles, CA Ms. Patricia L. Francy Kansas City, MO Treasurer & Controller Mr. Arthur D. Little Mr. Gerald M. Czarnecki Columbia University Principal Mr. David L. Shedlarz Chairman & CEO New York, NY The Little Investment Company Senior Vice President & CEO Deltennium Group, Inc. Boston, MA Pfizer, Inc. Annapolis, MD Mr. William M. Freeman New York, NY President and CEO Mr. Jerome T. Loeb Mr. James D'Agostino Bell Atlantic - New Jersey, Inc. Chairman of the Board Mr. A. Sami Siddiqui President, West Region Newark, NJ The May Department Stores Company President & CFO - NA Cards Bovis Construction Corp. St. Louis, MO Citibank San Francisco, CA Mr. Donald E. Garretson Long Island, NY Mendota Heights, MN Mr. William G. Lowrie Mr. Fred N. Davis, III Lisle, IL Mr. Martin F. Stein Chairman Mr. Stedman Graham Founder Strategic Perception, Inc. Chairman & CEO Mr. Christopher Mahoney Stein Optical Hollywood, CA S. Graham & Associates Senior Vice President of Operations Milwaukee, WI Chicago, IL United Parcel Service Mr. Gary L. Davis Atlanta, GA Mr. Albert E. Suter Executive Vice President - Chief Human Mr. W. Grant Gregory Senior Vice Chairman, C.A.O. & Director Resources and Administration Officer Chairman Mr. William B. Marx, Jr. Emerson Electric Co. JCPenney Company, Inc. Gregory & Hoenemeyer, Inc. Village of Golf, FL St. Louis, MO Plano, TX Greenwich, CT Mr. Liam E. McGee Mr. Mark A. Suwyn Mr. Raymond M. Demere Mr. G. Jim Gunn President Chairman & CEO Palo Alto, CA Chicago, IL Bank of America, Southern California Louisiana - Pacific Corporation Los Angeles, CA Portland, OR Mr. Livio D. DeSimone Mr. James T. Hackett Chairman of the Board and CEO President & CEO Mr. Joe T. McMillan Mr. Theodore L. Weise 3M Ocean Energy, Inc. President President & CEO St. Paul, MN Houston, TX Exxon Coal and Minerals Company Federal Express Corporation Houston, TX Memphis, TN Mr. Douglas L. DeVos Mr. Roger W. Hale Senior Vice President - Asia Pacific Chairman & CEO Mr. Denman K. McNear Amway Corporation LG&E Energy Corp. Kentfield, CA Ada, MI Louisville, KY Mr. Steven T. Mnuchin Mr. Anthony W. Hall, Jr., Esq. Managing Director City Attorney - Houston, Texas Goldman, Sachs & Co. Houston, TX New York, NY