Financial Literacy | College and Career Readiness | Entrepreneurship Annual Report 2011-2012

Read Max Goldman’s inspiring JA story inside.

Inspiring and preparing young people to succeed in a global economy. jaum.org

Junior Achievement of the Upper Midwest 1800 White Bear Avenue North, Maplewood, MN 55109 tel: 651.255.0055 | fax: 651.255.0460 | www.jaum.org Design: Richard Hart Design | Printing: AFPI www.jaum.org Dear Partner: This past school year, thousands of community volunteers donated their time and expertise in the classroom, working with teachers and students to teach personal finance, college and career readiness and entrepreneurship. As a result, students in grades K-12 learned real-world skills that will help them succeed in school and beyond. Thank you! In light of the painful economic lessons recently learned by governments, families and businesses, there is an even greater need to educate our youth about how to effectively manage money and prepare for their future. JA programs teach 21st century skills and offer real-world experiences. In the coming year, JAUM is focusing on the following strategies to keep our organization relevant: • Integrate STEM (Science, Technology, Engineering, Math) careers at JA BizTown and introduce STEM into our K-12 curriculum • Educate students of different backgrounds and ethnicities about financial literacy, college and career readiness and entrepreneurship • Incorporate innovative teaching methods into our learning facility and into our curriculum such as smart board technology, video lessons and personal devices • Offer real-life experiences (job shadows, competitions, capstone projects) to expose students to opportunities beyond their classroom • Conduct local evaluations to validate learning and JAUM’s impact on student motivation As we embark on another exciting year, we look to you for continued support to help connect students with educators and business people to build a more fiscally savvy community. Together, we can inspire and prepare the next generation to succeed.

With gratitude,

Gordon A. Viere Gina Blayney CEO, President & CEO, CliftonLarsonAllen LLP JAUM Chairman, JAUM

JAUM’s impact in 2011-2012 Number of students served ...... 137,000 Number of volunteers ...... 7,500 Number of hours of JA curriculum ...... 1.2 million Number of schools ...... 695 Classroom Programs

84% of JA alumni indicate that JA enabled them to connect what they learned in the classroom to real life.

Elementary School Students in kindergarten through fifth grade learn basic concepts of business, economics, and the important role of education in preparing for a future career. The activities in our five sequential programs build on lessons from each preceding grade to provide students with a strong foundation for continued learning. Each volunteer-led program consists of five lessons.

Middle School Students in grades six through eight learn about the economic benefits of staying in school. JA programs reinforce the value of education as a way to prepare students for employment or college. Each volunteer-led program consists of six lessons.

High School JA’s high school programs teach students in grades nine through twelve to make informed, intelligent decisions about their future, and foster skills that will be valuable in the business world. Students learn important entrepreneurial concepts such as micro and macroeconomics, ethics, and career readiness skills. Each volunteer-led program consists of five to eight lessons.

Eight out of 10 high school students report that JA programs helped reinforce the importance of staying in school.

For a complete description of JA programs, visit www.jaum.org and click on “programs.”

2 Annual Report 2011-2012 | jaum.org Capstone Programs

JA BizTown JA BizTown combines classroom teaching with a daylong visit to the learning lab, a kid-sized city within JAUM headquarters. Through daily lessons and hands-on activities, students in grades four through six develop a strong understanding of the relationship between what they learn in school and their role in the community and local economy. Lessons culminate in a fully interactive town experience where students put their classroom learning to work as they practice decision making, leadership and teamwork. (See Profile on page 8) JA BizTown celebrated its 10th anniversary this year, serving more than 100,000 students since its inception.

JA Finance Park JA Finance Park teaches middle and high school students personal money management skills to help them make smart financial decisions and prepare for challenges in their adult lives. Classroom instruction is complimented by a virtual simulation or an on-site day of simulated budgeting scenarios where students visit businesses to gather information for making financial decisions while working to balance their budgets.

JA Job Shadow JA Job Shadow brings high school students into the workplace to learn about careers through one day, on-site orientations. Students learn practical business skills such as dressing and speaking professionally, being on time, working as part of a team, and providing effective customer service. These real world skills are enhanced with classroom lessons and follow-up activities. This year, nearly 6,000 local students experienced the real world while participating in JA Job Shadow at the following companies: AT&T, General Mills, ING, CliftonLarsonAllen, Direct Benefits, and Allianz.

JA Company Program Students create, market, and operate their own company as part of a school- based organization, club, or classroom enterprise. During a semester or over 12 weeks, students sell stock to raise capital, elect officers, buy materials, market their product or service, pay a dividend to stockholders, and liquidate their company. By organizing and operating an actual business, students learn first hand how businesses succeed. (See Profile on page 10)

JA Titan JA Titan teaches high school students how to successfully compete in the marketplace while enhancing their business, economics, and math skills. Students apply their business knowledge as they compete to create and market a successful company in this interactive business simulation. JA Titan can take place at school, at an area business, or at our Capstone facility in Maplewood, Minnesota. Test your skills by playing a sample game at http://titanpublic.ja.org/ Congratulations to our JAUM team for placing second in the JA Titan Global Challenge Competition. (Read about their success on page 4)

For a complete description of JA programs, visit www.jaum.org and click on “programs.”

Annual Report 2011-2012 | jaum.org 3 Student Success

Right: Edison High School students Lanee Johnson, Matthew Touxhue Vue, Johanna Ortega-Alvarado, Mishell Quiridumbay, and Zurizadi Zeferino Rosendo (left to right) represented Minnesota at the 2012 JA Company of the Year Competition.

JA Company of the Year Competition The annual National JA Company of the Year Competition is a contest of business skills, ingenuity and innovation that focuses on the accomplishments of our nation’s high school students. Currently reaching nearly 400,000 young people a year globally, the JA Company Program gives teens the skills to start and run their own businesses under the mentorship of a local business volunteer. Fifteen student-run companies were invited to compete in the national competition in Washington, D.C, including a local team from Edison High School in Minneapolis whose business model was based on an anti-bullying campaign. Students participated in a trade fair where they promoted and sold their products and pitched their companies to a panel of judges comprised of business leaders. The companies were evaluated on their financial performance, and on their presentation to the judging panel.

JA Titan Global Challenge Competition JA Titan is an online business simulation that complements high school business, economics, and math by educating students on what it takes to compete in the Above: Students Connor Duffy and Max Wang of marketplace and run a successful business. JA facilitates the Titan program Mounds View High School take second place at the in schools across the region, culminating with teams of two to four students 2012 JA Titan Global Business Challenge Competition. competing against one another in the Titan simulation. Top teams from each simulation qualify for the JA Titan Business Challenge Competitions in their respective communities, with winning teams advancing to regional and state competitions. This year’s metro competition was hosted by Thrivent Financial for Lutherans; Microsoft hosted the regional competition. A team from Mounds View High School in St. Paul successfully made their way through the local competitions, qualifying for the global competition in Delaware. The team took second place honors, besting teams from Russia, Poland and Canada.

Research shows that E&Y Ernst & Young Entrepreneur of the Year Scholarship scholarship recipients continue Matthew Vue, an Edison High School senior, is the 2012 Ernst & Young to achieve after graduation. Entrepreneur of the Year scholarship winner. This $1,000 scholarship is In the last two years, these awarded each year to a JA student who has excelled in the JA Company Program, displays a passion for education, and has significant personal and award winners have experienced academic achievements. Matthew will attend the University of Minnesota, 30% job growth, compared to where he will begin his college career as a sophomore. He plans to double- negative overall U.S. job growth.* major in Management Information Systems and Operation and Supply Chain Management. Matthew credits JA for helping him “build a strong foundation *According to the Bureau of Labor Statistics. for myself.”

4 Annual Report 2011-2012 | jaum.org Established in 2005, the JAUM Business Hall of Fame honors leaders from the Minnesota business community and shares their stories with the students that JAUM serves as examples of success. Laureates are selected for their entrepreneurial achievements and community mindedness.

Thanks to our 2012 Sponsors

Presenting Sponsor Accenture, Business Journal, Federated Insurance, Horton Holding, Lariat Companies, Pentair, Starkey Hearing Technologies and Wells Fargo Leader. Mentor. Role Model.

2012 Laureates Honored

Dave Anderson Bill Austin Pinky McNamara Steve Rothschild Bob Senkler Glen Taylor founder, founder and CEO, founder, founder and CEO, chairman of the board, Famous Dave’s Starkey Hearing Activar former CEO, Securian Taylor Corporation Technologies Twin Cities RISE! Financial Group

Former Laureates

2005 Elmer Andersen 2007 Stan Hubbard Tom Moe Governor of MN, ECM Publishers Hubbard Broadcasting Dorsey & Whitney LLP Jim Campbell Irwin L. Jacobs Duane Benson Wells Fargo Bank Minnesota Genmar Holdings, Inc. Minnesota Early Learning Foundation L.D. (Desi) DeSimone Dave koch George Hormel 3M Graco Hormel Foods Luella G. Goldberg Bill Marvin Corporate Director and Civic Leader Marvin Windows and Doors 2010 Mary Brainerd HealthPartners Reatha Clark king Dale R. Olseth General Mills Foundation, Surmodics Gene Frey Metropolitan State University Waldorf Corporation Mike Wright

Carl Pohlad Supervalu Inc. Bruce Nicholson Marquette Financial Companies, Thrivent Financial for Lutherans Minnesota Twins 2008 Otto Bremer Gene Sit Otto Bremer Foundation and Sit Investment Associates Paul A. Schilling Bremer Banks Waldorf Paper Products Bill Sweasy Marilyn Carlson Nelson Red Wing Shoe Company 2006 Brad Anderson Carlson Companies Best Buy Co., Inc. Stephen W. Sanger 2011 Al Annexstad Federated Insurance W. Harry Davis, Sr. General Mills, Inc.

Civil rights activist, Businessman Hugh Schilling Lynn Casey Padilla Speer Beardsley Bill George Horton Holding, Inc.

Medtronic Inc. Warren Staley Richard Davis U.S. Bancorp James J. Hill Cargill Great Northern Railway Randall Hogan Pentair, Inc. Ebba C. Hoff man 2009 Esperanza Guerrero-Anderson Smead Manufacturing Inc. Milestone Growth Fund Jim Humphrey Andersen Corporation Dick McFarland Bob Ulrich RBC Dain Rauscher Target Corporation M.A. Mortenson, Jr M.A. Mortenson Company

Annual Report 2011-2012 | jaum.org 5 Special Events

April 25 & 26, 2013 JA bigBowl is an easy and fun way for companies to participate in a team building event that boosts employee morale and promotes healthy competition. The 2012 JA bigBowl raised nearly $700,000 across our three-state area, a 23% increase over last year’s revenue. Thanks to more than 3,000 business professionals from 77 different companies who helped make this event a record-breaking success. 2013 JA bigBowl

2012 JA bigBowl Industry Challenge Accounting Ernst & Young $496 per bowler average CliftonLarsonAllen $56,693 total raised

Banking Wells Fargo $235 per bowler average U.S. Bancorp $51,097 total raised

Insurance The Hartford $219 per bowler average Allianz $62,478 total raised

Manufacturing Xcel Energy $244 per bowler average Donaldson $14,736 total raised

Other Thomson Reuters $254 per bowler average GE $12,934 total raised

Retail Best Buy $172 per bowler average AT&T $14,376 total raised

Rookie Thomson Reuters $7,629 total raised

2012 JA bigBowl All Company Challenge All State – Most Money Raised CliftonLarsonAllen $67,382

Twin Cities Metro – Most Money Raised Allianz $62,478

Twin Cities Metro – Highest Team Average Ernst & Young $2,481

Thanks to our 2012 Sponsors Presenting Sponsor

6 Annual Report 2011-2012 | jaum.org Special Events

January 17, 2013 Featuring the JA Titan program, corporate teams strategically review profi ts or losses and manage company resources in this fun and competitive online business simulation. This year’s event attracted 67 corporate teams that raised $55,000 for JAUM.

Thanks to our 2012 Sponsors

Congratulations to the 2012 Titan of Industry Champions from Production Services International.

June 2013 JAUM’s Bid for Kids Online Auction is an opportunity to shop guilt-free on hundreds of fun and unique items knowing that your participation supports JAUM. You can also participate by donating an auction item, volunteering to contact local businesses for donations, and helping us spread the word. This year’s auction featured nearly 100 items that raised more than $13,000.

Annual Report 2011-2012 | jaum.org 7 Profile

Take It to the Max Local student Max Goldman gains confidence through JA experience.

pend an hour or so (JAUM) programs that he feels have At JAUM’s Maplewood talking with 14-year- helped unleash his confidence. headquarters, 10,000 sq. ft. of space old Max Goldman and Max is a three-time veteran of the has been transformed into a miniature you’ll walk away smiling JAUM summer camp program, town square, complete with roof- and shaking your head, JA BizTown. He credits his experiences scraping trees, sidewalks, streetlights wishing there was a there with both giving him a glimpse and about a dozen business fronts. Sway to bottle his particular blend of into the inner workings of a business On almost every day of the year, enthusiasm, drive and infectious charm. community and also with offering him up to 125 squealing, whooping kids Max, an eighth-grader, bubbles over a chance to develop and demonstrate descend on the Disney-like setting to with plans. His ideas ricochet around his leadership abilities. spend the day feverishly working in the room as he talks, ranging from his “[The camp] was a week of heaven an economy writ small. They apply growing interest in pursuing public for me,” says Max with a grin that lights for jobs as politicians, bankers, speaking as a career; his excitement at up his face. “It was a combination of radio broadcasters and CEOs of transferring to an arts-focused school people who were really into business the various businesses, create for his coming freshman year, and who got to act like businesspeople and “products,” negotiate sales, pay bills his gratitude and thanks to the Junior people who just wanted to have fun at and generally create an economy in Achievement of the Upper Midwest a summer camp.” a microcosm. JAUM created JA BizTown 10 years Max initially became familiar with JA ago as a hands-on business simulator in third grade when his mother, Tera, By Kelly O’Hara Dyer designed for kids. It offers both one- volunteered to teach the JA school day events and the more concentrated curriculum at his school. It was his Photos: Reflektions by Sheri full-week summer camp. Mom who suggested Max might also

8 Annual Report 2011-2012 | jaum.org be interested in the more intensive JA Business Hall of Fame, have been summer camp program. transformative. “I’ve never been one to be shy,” Max Both also think that JA has given 12,000 says. “I always like to try new stuff and Max important real-life successes that local students became jump right into it so I decided to run for he may have missed out on otherwise. business owners, consumers mayor of JA BizTown my first year.” He In fact, Max is candid about his and community citizens at pauses for just a moment. “Apparently, sometimes-disappointing experiences JA BizTown this year. it worked,” he says a beat later, and in his regular public school setting. then laughs out loud. “I don’t fit in real well at school,” Max’s first stint as JA BizTown he says with a shrug. “I’m just kind of mayor came after an “all-out” a different person. I moved here from campaign, even though he had no idea Seattle when I was 5, and although the issue, which he acknowledges but what a mayor actually did. He even put everybody was starting fresh in which he doesn’t view as something together a PowerPoint® presentation kindergarten, I still felt a little out of that will affect his admittedly big plans. as part of his campaign, coining the place. I was a little different and I had In fact, he’s spoken publicly to groups slogan, “Take It to the Max!” some problems and I didn’t feel very in the past to educate people on the His second year, he again ran comfortable here until I was in fourth subject of Tourette’s. for and won the role of mayor. (He grade. By then, everyone’s already “Now with [going to] my new school, confides that during his third year at made their friends and decided who’s I know myself better, I’ve figured the camp, it was suggested that he popular and who’s not. If you go to the myself out more, and I know my might want to give other kids a shot same school for eight years, that’s set personality,” Max says about looking at the job, and he instead happily in stone by third grade.” forward to the new school year. accepted the post of JA BizTown radio Part of the reason Max felt “With going to a new high school, announcer and DJ.) different at school is that he has a I can go in there and have a fresh start As he talks, Max and his father, mild case of Tourette’s Syndrome, a and say, ‘This is what I’m like.’” David, a former professional speaker neurological disorder that generally David Goldman both fully and stand-up comedian-turned- starts in childhood and which causes encourages Max’ ambitions and stockbroker, continually trade involuntary muscle movements. In displays evident pride in his son’s wisecracks across the table. Both Max’s case, the Tourette’s manifests accomplishments. father and son agree that the JA partly as rapid blinking, and occasional “When he’s on stage, he’s bold, he’s BizTown experiences and later JA squirming in his chair, but even as his fearless, he’s engaging,” says David. opportunities Max has had, including muscles twitch, his bright blue-green In fact, the former comedian admits speaking publicly at the JA board gaze stays locked squarely on his that he’s always thought he and his meetings and participating in the visitor. He speaks matter-of-factly about son could perform a stand-up routine together, but on the one occasion when they did perform, “It was stand- up, but it wasn’t what I envisioned. He was the lovable, endearing guy and I had to be the straight man,” he says shaking his head. Asked about what he thinks the biggest benefit of JA is, Max thinks for a moment before he responds. “I learned a lot,” he says. “I learned how to help run a community. I’ve always wanted to start a business, and still do. I guess I’m running sort of a freelance thing now…with my public speaking. “[JA] is about giving opportunities to kids that don’t have them. And with JA, they don’t just say ‘See ya!’ at the end of the camp. If you’re interested, they’ll keep on giving you opportunities, like they have with me. They’ve given me these opportunities and these baby steps and they’ve helped me grow as a person and as a speaker.” ▲

Annual Report 2011-2012 | jaum.org 9 Profile

Creating His Own Beat JA gave Deontay Blanchard the inspiration and skills to succeed.

By Kelly O’Hara Dyer Photos: Reflektions by Sheri

10 Annual Report 2011-2012 | jaum.org t 17, Deontay Blanchard Through LYME, and in conjunction Blanchard, who says his first is a man with a plan, with JA, students at HSRA had an exposure to JA programs came when and that plan includes opportunity to put together an actual he was in elementary school and JA someday making his record label and then distribute and brought tutors to his school, joined the mark in the music promote the compilation on their own. JA program at HSRA. The program business, based in part “Every year our school gets a JA involves regular class time in addition Aon the skills he’s learned through his project like LYME, and I got interested to studio time for recording. association with Junior Achievement. when they said that this year, students “In the class, we have meetings Blanchard is currently attending were going to be able to run a studio- about how to run a business, and how the public charter High School for the based record label,” says Blanchard. to pursue our dreams of running a Recording Arts (HSRA) in St. Paul. It’s “I was interested in that, and I got a business, whether that be doing hair a program designed to help students little bit more involved with JA and or fixing cars or making music,” he explore creative endeavors, including started going to meetings and meeting says. “It’s like interning, [but] before music, and for the students to find with people.” you go do this job, you get to try it a way to both achieve a high school As part of the ongoing recording out here.” diploma and learn more about subject project, students got to explore Blanchard says he wants to matter that truly interests them. every facet of the music business, continue on in school to study In Blanchard’s case, he is especially from securing funding (money from business, management and interested in hip-hop, R&B and rap. JA corporate sponsor State Farm accounting, all of which he anticipates “I also produce, make beats and supported the project) to finding artists will help him pursue his dream of engineer,” he adds. “My favorite part? and producing their songs. making music professionally. Hearing my voice,” he says with a “The record label is called Another “[What I learned through] JA is raucous laugh. Level Records,” says Blanchard. exactly what I want to go to school

“My interest in music came from “Basically, we get artists from the for,” he says. “It taught me, ‘You want my step-dad, who’s passed away, but school or in the St. Paul/Minneapolis to run a business? Well this is how you he’s the one that got me interested in area and we created a compilation run a business.’ it,” he says. “I’ve always had a passion with songs from our artists and “The main thing I’ve gotten out for music and this school is based created a CD, booked studio time, of JA is really like a life lesson,” he around that. The basic message [at all that. I knew this was going to be a says, reflecting on his experiences. HSRA] is, ‘There is always another hard job when they said, ‘run a record “Coming to the end of the year, I’ve option for you, there’s always another label’ but I was like, ‘I can finally see realized that JA helped me a lot with option rather than dropping out,’” he what this really means to be behind my organization; it helped me organize adds. “Most kids who drop out never this.’ We had to do a business report myself. I used to be everywhere,” he do anything with their lives, and HSRA [and] create departments. I was in says emphatically. “You know how in is like, ‘Here’s another option.’ It’s the production department, and your room you have your stuff set up? like a normal school but with more we also had financial and human You have books [piled] over here, hair opportunities. I [came] here because resources departments. We had to stuff over there, all that. And it was I was behind on two or three credits do fundraisers to raise money for the like, ‘You know where you should put and I wanted to catch up, and I may shows, so we sold shirts and bracelets everything but you’re just too lazy to also be able to graduate early.” and things like that. do it.’ Blanchard transferred to HSRA “What I did was I was basically the “After I joined JA, I’m actually a during the past school year. One of one who engineered a bunch of our pretty organized person now,” he the programs that the school offers artists and got their songs and their says. “I’m the person who’s like, immediately caught his attention, quality good,” he says. “I was behind ‘Okay, now I’m going to put everything a project known as L-Y-M-E, the scenes, making beats for them and where it needs to be.’ And then I which stands for Leave Your Mark helping out with the album cover and look at it and say, ‘Wow. I got this. Everywhere. all of that.” Good job!’” ▲

Annual Report 2011-2012 | jaum.org 11 Profile avid Martinez, 32, sees the role he plays as a Junior Achievement volunteer as part of a natural cycle: When he was younger, many hands reached out to help him succeed, and Dtoday, he in turn tries to pass that legacy of giving back on to others. Martinez, who still has the trim, compact build of the high school and college wrestler he once was, is both earnest and thoughtful as he talks about the personal importance volunteerism and mentoring have to him. He is matter-of-fact when he says that education changed his life, and today, he’s interested in giving others that same opportunity. Martinez works as an implementation manager for Wells Fargo’s Image Relationship Management group in Minneapolis, which manages the company’s check image exchange relationships with other banks. He splits the rest of his hours between attending night classes for his soon-to-be-finished MBA from Bethel University; as a husband and father to two children, Miles, 4, and Lydia, one-and-a-half, and working tirelessly on a variety of volunteer efforts, including those at JA. As a Puerto Rican native who moved to the Twin Cities area with Paying it Forward his mother when he was 7 after his parents divorced, Martinez is particularly interested in efforts that serve the Latino/Hispanic community. Corporate volunteer He points to several times in his past where he received help that allowed David Martinez shares real-world him to move forward from a potentially “at risk” student in a minority group to skills with local students. a successful business person. When he arrived in Minnesota, Martinez spoke little English, and he attended a school for students who needed to learn English as a second language. As the oldest of six kids, Martinez also grew up in a “very low-income family” headed by his mother, who at times needed to rely on public assistance. He attended school in St. Paul, and would later attend the University of Minnesota, where he earned a degree in global By Kelly O’Hara Dyer studies. (In a surprising twist, Martinez spent a semester during his senior Photos: Reflektions by Sheri year studying in Santiago, Chile with

12 Annual Report 2011-2012 | jaum.org about 25 students from all across the “we played basketball with kids and in St. Paul], and I think it was the first U.S. It was there that he met his wife, then helped mentor them.” time that had been done. I think we Meredith, who as it turned out, lived With this as a backdrop, Martinez had 27 classrooms involved. We’re only 10 miles away from him in St. Paul.) credits the focused efforts of Wells doing it again in May for grades K-6.” Before he started his freshman year Fargo’s volunteerism initiatives with Martinez has also been actively at the U, Martinez said he benefited giving him an introduction to JA. involved with JA by teaching the “JA: greatly from a program where at-risk “I initially got involved in around It’s My Business” program for the high school graduates were enrolled 2006, 2007 through Wells Fargo,” last few weeks at the international in an outreach effort designed to help Martinez says. “[Wells has] a JA baccalaureate Anwatin Middle them succeed at—and eventually Corporate Council, a group of 15 to School in Minneapolis. The program graduate from—the University. 20 individuals who are very involved is designed to get students thinking “When I went to the U, I was in a with JA and they encourage people to entrepreneurially, and Martinez smiles program called Summer Institute. It get involved.” as he recounts some of his recent was for kids who were at risk for not Martinez first volunteered to interactions with the class. continuing on in school but who had assist at a JA BizTown event and was “[It’s all about] getting them to think a decent GPA. The U spent the whole delighted with the experience. of ideas of products or services that summer with us, teaching us about they could form a business around, everything from financial aid to higher and we talk about famous business education to just ‘living,’” he says. people who’ve launched products “There were about 100 of us in [that and how they get started. It gets them group], Native American kids, African- thinking, ‘Wow, this is something that American, Latino and Asian.” I could really do,’” says Martinez. The program gave Martinez the “That’s really the conversation that boost he needed to succeed at the U, we’re having. Once you get them and it also introduced him to a diverse engaged, they really come up with community of individuals who would go some interesting things.” on to become his fraternity brothers. A few of those “interesting ideas” “A group of about 12 of us got include a girl who pondered the together from that [program] and possibilities of creating a flying car formed a sub-group, a multicultural (Martinez says he just read about fraternity called Sigma Lambda a new start-up created by MIT Beta,” he says. “That was a great aeronautical engineers that is offering support group for me through college. just that). Another student suggested Our principles were brotherhood, creating glow-in-the-dark book pages scholarship, leadership, community for reading at night, and a third student service and cultural awareness, was enthusiastic about creating because we were all diverse. We were “We went to the facility and there unbreakable three-ring binders made 18, 19, 20 years old…[but] based on were about 100 kids in the room of metal that could be personalized those principles, we started doing a getting ready to go run the city. My and embellished with magnets. lot of community service and giving job was to sit with them and help them Martinez intends to keep back right away. We formed our own form their business strategies and volunteering with JA, and he also has mentoring programs, and we would it was really cool. From there, I just his sights set on finding more ways go out to schools. It’s just part of who continued volunteering. to work within the Latino community we are,” he adds, noting that the sense “Over the past three years, I through education to help improve the of community he found in the group decided to focus specifically on graduation success rates of students. mirrored what he’s come to see in the Spanish immersion schools. What we “That’s what I’m really passionate Latino community and in other minority proposed last year was to go into a about,” he says. “I try to find every populations as a whole. “It’s just a school and do a JA in a Day in Spanish opportunity I can to be doing that kind reality in a lot of minority and diverse at Adams [Spanish Immersion School of work.” ▲ communities that we are very family- and community-oriented because it’s like you’re in survival mode [in daily life]. Everybody is helping each other out.” Throughout college, Martinez and his frat brothers volunteered to Each year, JAUM engages more than 7,500 volunteers, help with school fundraisers, to help mostly business professionals, who share their knowledge with younger students learn to read, and local students. Through leadership and mentoring, volunteers with a program they started called help students make a connection between what they learn in “Homework and Hoops,” where school and how it can be applied in the real world.

Annual Report 2011-2012 | jaum.org 13 Award Winners

Junior Achievement of the Upper Midwest recognizes our 2011-2012 award winners for excellence and extraordinary dedication to our mission.

Leadership Awards

Silver Leadership Awards Pat Pazderka Corporate Council of the Year Tom Hoff Partner U.S. Bancorp Project Coordinator Oppenheimer Wolff & Donnelly SW/WC Service Cooperatives Elementary Teacher of the Year Ellyn Shook Carrie Casey Jeff Kerr Global Managing Director – HR Noble Elementary President, Institutional Trust & Custody Accenture U.S. Bancorp Shane Waslaski Elementary Volunteer of the Year Ed Barnett Daniel Mulheran Senior Vice President Otter Tail Corporation President of U.S. Individual Life Middle School Teacher of the Year Distribution Hardmon Williams Christopher Hamiel ING Vice President, General Manager South Junior High School Brian Peterson MN/Northern Plains Senior Vice President AT&T Mobility Middle School Volunteer of the Year Allianz Life Insurance Company Mariah Okerstrom of North America CliftonLarsonAllen LLP JA bigBowl Coordinator of the Year Gordon Viere High School Teacher of the Year Rachelle Kuhlmann CEO Peggy Elhert Ernst & Young CliftonLarsonAllen LLP Duluth High School Capstone Teacher of the Year High School Volunteer of the Year Bronze Leadership Awards Martha Rush Dan Platta Beth Abbott Mounds View High School Cargill Assistant Vice President of Capstone Volunteer of the Year Strategic Initiatives Volunteer Liaison of the Year George Glaros The Hartford John Lund DeVry University Netha Johnson Tennant Company President, Filtration Solutions Pentair, Inc.

14 Annual Report 2011-2012 | jaum.org Financials 2011-2012

Consolidated Operating Statement* Consolidated Balance Sheet* ($ in millions) ($ in millions)

Support & Revenue Expenses Assets Operating Income Personnel 2.0 M Cash 1.0 M Corporations 1.3 M Operations .3 M Investments .8 M Individuals .6 M Facilities .1 M Pledge Receivables .2 M Foundations .1 M Program Materials .6 M Prepaid and other Assets .1 M Campaign .2 M Total Expense $3.0 M Property & Equipment Events .9 M (net of depreciation) 2.0 M Depreciation $.1 M Total Operating Revenue $3.1 M Total Assets $4.1 M

*Consolidated financial information including JAUM Other Income and Support operations and JAUM Foundation – unaudited and Capstone & Satellite non-GAAP. A responsible operating surplus allows Liabilities us to self-fund our cash flow needs and build a solid Other Liabilities .3 M Program Fees .3 M financial foundation for continued program growth. Total Income & Support $3.4 M Audited, GAAP financial statements with footnotes Total Liabilities $.3 M will be posted on our website, www.jaum.org, in September 2012 following the completion of our annual external financial audit. Net Assets Change in Net Assets .6 M Unrestricted Net Assets 2.6 M Temp Restricted Net Assets .1 M Permanetly Restricted Net Assets .5 M Total Net Assets $3.8 M

Total Liabilities & Net Assets $4.1 M

13% 72%

11%

4%

Functionalized Expenses Program 72%

Development 13% Thanks to your support, we provided 1.2 million hours Management & General 11% of curriculum in 2011-2012. Volunteer Recruitment 4%

Annual Report 2011-2012 | jaum.org 15 Top Corporate Partners

These 25 companies were instrumental in helping JAUM achieve its goals in 2011-2012 through a combination of funding, volunteerism, special event participation and in-kind support. Companies are listed in order of total resources given to JA.

Throughout our three-state region, these regional partners contributed 47% of JAUM’s funding and nearly 1,900 volunteers, allowing our area’s young people to benefit from more than 1 million hours of JAUM curriculum this year. Our programs and initiatives would not be possible without their dedicated support of the JA mission.

1 Wells Fargo 9 Accenture 18 Horton Holding, Inc. 2 Allianz Life Insurance Company 10 The Hartford 19 AT&T Mobility of North America 11 General Mills 20 Donaldson 3 U.S. Bancorp 12 Best Buy 21 Federated Insurance 4 CliftonLarsonAllen LLP 13 Pentair 22 University of St. Thomas 5 Xcel Energy 14 Ernst & Young 23 Bremer Bank; 6 3M 15 Cargill Otto Bremer Foundation 7 GE 16 Deluxe Corporation 24 State Farm 8 Thrivent Financial for Lutherans 17 UnitedHealth Group 25 ING

16 Annual Report 2011-2012 | jaum.org Investors

This list represents a compilation of all 2011-2012 resources given to JAUM by community. This includes funding, event participation, volunteer hours and in-kind support.

METRO President’s Circle The Carlson Family Red Wing Shoe Hudson Prairie Elementary United Way of Hastings Guardian Property ($200,000 – $399,999) Foundation Foundation School University Bank Management Allianz Life Insurance Thomson Reuters Rust Consulting, Inc. Hudson Rotary Club University of Minnesota – Hands On Twin Cities Company of North America Travelers & Travelers Symantec Corp. Ingenix, Inc. Employee Volunteers Hays Companies Wells Fargo Bank & Foundation Target Instant Web Companies University of Minnesota HealthEast Care System Wells Fargo Foundation UnitedHealth Group TCF Bank & TCF Bank Inver Grove Heights Alumni Association HealthPartners Minnesota Walmart & Walmart Foundation Community College Valspar Corporation Hiway Federal Credit Union Foundation Wipfli LLP Investment Centers Vermillion Insurance Houlton Elementary School Century Circle of America – Hudson Agency YMCA – Northwest ING DIRECT ($100,000 – $199,999) Shareholder’s Circle J&B Group Vermillion State Bank U.S. Bancorp & Institute of Production ($10,000 – $24,999) Associates Circle JP Morgan Chase Western Bank & Recording U.S. Bancorp Foundation American Financial ($1,000 – $4,999) Just Kidding Clothing William Mitchell College IWCO Direct CliftonLarsonAllen LLP Printing, Inc. of Law Allina Hospitals & Clinics Kaleidoscope Place J&L Steel & Electrical GE & GE Foundation Associated Bank Anchor Bank Kohl’s Willow River Company Services Thrivent Financial Minnesota Anoka Rotary Club Land O’Lakes, Inc. Willow River Elementary Kopp Family Foundation for Lutherans & C.H. Robinson Worldwide School Thrivent Financial for Baker Tilly Virchow Lockheed Martin Kraft Foods, Inc. Citizens Community Wisconsin Indianhead Lutherans Foundation Krause, LLP Mardell Partners, Inc. Lawson Software Federal Technical College Bank of America McGladrey Lutheran Community Cummins Power YMCA – Andover Investor’s Circle Generation Boston Scientific Merrill Lynch Wealth Foundation YMCA – Chain of Lakes ($75,000 – $99,999) DST Marketing Briggs and Morgan Management Mary T. Inc YMCA – River Valley 3M & 3M Foundation Services, LLC Cardinal Health Metro Dentalcare Maxxon Corporation YMCA – St. Croix Valley Accenture Federated Insurance Caribou Coffee Company MindShift Technologies Merrill Corporation YMCA – White Bear Area General Mills & Fleishman Hillard University of Minnesota – Mortenson Family MidCountry Bank General Mills Foundation Zion Lutheran Church H.B. Fuller Company Carlson School of Foundation Mike and Linda Fiterman Management The Hartford Inver Grove Toyota Mutual of Omaha Family Foundation CenterPoint Energy KPMG, LLP National Marrow Donor Friend’s Circle Minco Products, Inc. Century 21 Premier Group Program ($500 – $999) Entrepreneur’s Circle Oracle Minneapolis Community Century College North American Banking Abbott Northwestern Technical College ($50,000 – $74,999) RBC Wealth Management Company Hospital AT&T Mobility & RBC Foundation Ceridian Corporation Minnesota Department North Hennepin Anchor Advisory Group of Commerce Best Buy & Best Buy Tennant Company Children’s Hospital and Foundation Clinics of Minnesota Community College Augsburg College Minnesota Housing The Business Journal Bremer Bank & Otto Bremer City of Burnsville Northeast Bank Aveda Finance Agency Foundation UnitedHealthcare City of Hastings Northern Tier Energy Bethel University Minnesota National Guard University of Minnesota – Cargill & Cargill Foundation Office Depot Bituminous Roadways, Inc. Minnesota Public Radio Student Volunteers City of Prior Lake Deluxe Corporation & City of Savage Parker Hannifin Brooklyn Park Rotary Club Minnesota Readings Corps Deluxe Corporation University of Phoenix Corporation Capella Education Monticello Clinic Foundation Cityview Performing Arts Magnet Piper Jaffray Companies Company Morningstar Chiropractic Donaldson Company, Inc. Sponsor’s Circle Polaris Industries L P CarVal Investors Clinic & Donaldson Foundation ($5,000 – $9,999) County Market Prestige Wine Group CB Richard Ellis MSP Communications Ernst & Young LLP Affinity First Federal Dakota County Sheriff’s Department Ramsey International CDI/Hastings Fire Dept Nash Finch Company Horton Holding, Inc. Credit Union DCA Title Fine Arts Center City of Bloomington New River Medical Center Pentair, Inc. & Pentair Archway Rasmussen College Foundation ATK DeVry University City of St. Paul North American RBC Tile & Stone Membership Group Inc. University of St. Thomas Connexus Energy Trust, Inc. Digital River Inc. City of St. Paul Rosemount, Inc. Fire Department Northwestern Mutual Xcel Energy & Xcel Energy Fabcon E P Rock Elementary School Sam’s Club City of Waconia Oak Trust Credit Union Foundation Fed Ex Ecolab, Inc. Seagate Technology LLC Coldwell Banker Burnet Park Midway Bank Fogo de Chao Experis Manpower SMART Networking Group Concordia University Park Nicollet Partner’s Circle Heraeus Medical Farmers Insurance St. Croix County Co-operative Plating, Inc. Pepsico ($25,000 – $49,999) Hubbard Broadcasting Ameriprise Financial, Inc. Foundation First American Bank – St. Croix Valley Insurance CWF Solutions Premier Bank Hudson Service, Inc. Andersen Corporation & Johnson Brothers Deaver Piano Studio Prime Therapeutics Andersen Corporate Wholesale Liquor Frontier Communications St. Jude Medical Delta Airlines QWEST Foundation Foundation of Minnesota, Inc. Joseph C. & Lillian A. Duke Staples Technology Direct Marketing Services RE/MAX Advantage Plus BMO Harris Bank General Reinsurance Corp Solutions Foundation ESI Corporate Regina Medical Center Deloitte Graco Foundation State of Minnesota Kroll Ontrack Fairview Southdale Regions Hospital ING Great River Energy SUPERVALU Inc. Loram Maintenance of Way Hospital Resco Printing M.A. Mortenson Company Hastings Community TV Sweitzer Foundation Margaret Rivers Fund FamilyMeans Consumer River Crest Parent Group Minnesota School of Hewlett-Packard The U.S. Trust Company Credit Counseling Service Medtronic & Medtronic RiverWood Bank Business Foundation Honeywell Topline Federal Fiat Wealth Management RSP Architects, Ltd. PricewaterhouseCoopers LLP Microsoft Hospitality House Credit Union First National Financial Russell’s on the Lake SCICOM Data Services Oppenheimer Wolff Houlihan-Lokey Trane Company Services SMSC Gaming Enterprise Securian Financial Group & & Donnelly HSBC – North America TruStone Financial Floor Coverings Securian Foundation International Sportech Inc. Padilla Speer Beardsley Hudson Daybreak UBS Financial Services State Farm Insurance Great Clips, Inc. Star Tribune Foundation Production Services Rotary Club United States Postal ▲ Companies International Service State Bank of Hamburg

Annual Report 2011-2012 | jaum.org 17 Investors

METRO MANkATO Friend’s Circle R.R. Gould Foundation Bremer Bank Associates Circle Blue Cross Blue Shield Shareholder’s Circle ($500 – $999) RE/MAX Lakes Areas CenturyLink Minnesota ($1,000 – $4,999) Bobcat Company ($10,000 – $25,000) Steinwall Inc. Realty Duluth Superior Area Advanced Engineering Cargill All American Foods TE Connectivity The Cote Family Foundation Community Foundation and Environmental Casselton Community HickoryTech Corporation Services, Inc. The Park Tavern Wells Fargo Bank & Holiday Inn and Suites Endowment Fund Taylor Corporation Aevenia, Inc. The Prouty Project Wells Fargo Foundation JB Marvin Building Central Cass PTO Companies Minnesota Ag Country The Saint Paul Hotel Keyport Lounge and Liquor City of Fargo Xcel Energy Aldevron Time Out Pilates Kiwanis Club of Friendly Country Financial Friend’s Circle Fitness Studio Duluth Alerus Financial Courtyard By Marriott Sponsor’s Circle ($500 – $999) Toro Foundation Lamar Outdoor Advertising Alex Stern Family Dakota Specialty Milling ($5,000 – $9,999) ATEK Products Foundation U.S. Postal Employee Lincoln High School Bethany Lutheran College Baxter Chiropractic Discovery Benefits Credit Union Maurices Inc. Archway Bremer Bank B-Dirt Construction Essentia Health Unitech Electronic Mayne Design Bank Forward – Fargo Minnesota State University – BlackRidgeBank Fargo Moorhead Contractors, LLC McGladrey BCBS/Noridian West Fargo Chamber Mankato Brainerd Area Sertoma Club University of Wisconsin – Members Cooperative Border States Electric of Commerce Subway – Mankato Stout Brainerd Savings & Credit Union Bremer Bank Ferrellgas TCF Bank Loan Association Veolia ES Rolling Hills Michaud Distributing Choice Financial Group Flint Communications Wells Fargo Landfill Clow Stamping Company Miner’s, Inc. CornerStone Bank Gary Cavett, CPA Vision Staffing Solutions Corporate Commission of Red Rock Radio Dawson Insurance Goldmark Associates Circle Wayside House the Mille Lacs Band of Reuben Johnson & Son, Inc. DMI Industries Gremada Industries ($1,000 – $4,999) Wilson Learning Ojibwe Indians RJS Construction Group, LLC E.W. Wylie Corporation Health Acount Services Agstar Farm Credit Corporation Crow Wing Power Services First International Bank Woodbury Financial CTC SimplyFun Insure Forward & Trust Alumna Trailers Services Inc. Essentia Health’s Brainerd Superior Beverages Kadmas Lee & Jackson Frontier Trust Archer Daniels Midland Zurich North America Medical Center TruStar Federal Credit Union Kenetic Leasing, Inc. Company Johnson Controls Extra Wife Ent. and Norwex U.S. Bancorp Kohl’s Bolton & Menk, Inc. Manpower Mathias C. Justin, LTD Viant Crane, LLC Liberty Business Systems Buster’s Sports Bar & Grill Marco Business Products BRAINERD Minneapolis Heart Institute XANGO LT Recruiting Services, Inc. Carlson-Tillisch Eye Clinic Microsoft Shareholder’s Circle Minnesota Amusement MBN Engineering, Inc. Citizens Community Unlimited, Inc. Noridian Mutual Insurance ($10,000 – $25,000) Friend’s Circle MDU Resources Federal Pedigree Technologies Ascensus Minnesota School of ($500 – $999) Foundation City of Pemberton Business Postal Family Federal CliftonLarsonAllen LLP Beacon Bank MetroPlains Management CliftonLarsonAllen LLP Minnesota State Community Credit Union Xcel Energy Boise, Inc. Moorhead Police Community Bank and Technical College Principal Financial Group Department Border State Bank Eide Bailly Norman and Associates RBC Foundation National Hospitality Sponsor’s Circle City of Duluth Fine Impressions, Inc. Northern Pines Mental Ronald McDonald House Services ($5,000 – $9,999) Health Center DSGW Architects Greater Mankato Area Rotary Club of Moorhead Natwick Appraisal Brainerd Jaycees Duluth News Tribune United Way Pequot Lakes PTA North Dakota National Bremer Bank Field Logic, Inc. Sanford Health Pillager School Guard Contractor Greater Mankato Growth Mid-Minnesota Federal First Witness Scheel’s Corporate Prairie Bay Restaurant Noridian Administrative Immanuel St. Josephs Credit Union SERVE Foundation Pro Staff Kohl’s Services Jones Page Jacobson Sinner Bros. & Bresnahan Family Foundation Rice Lake Construction Kolquist, Seitz and Goldman Northern Pipe Products Associates Circle Starion Financial Kato Engineering Ruttger’s Bay Lake Lodge Koochiching Economic Paul J. Tronsgard DDS PC ($1,000 – $4,999) Development Authority State Bank & Trust Kohl’s St. Cloud Hospital Petro Serve USA B. Johnson & Associates, Ltd. Republic Bank – Duluth Swanson Health Products Mankato Clinic State Farm Insurance Red River Dance & Brainerd Lions Club Target Companies Western National Bank Performing Company Mankato Kasota Stone Brainerd Rotary Foundation of Duluth The Barry Foundation Timberwood Church ShoreMaster, Inc. Minnesota Valley Federal Central Lakes College The Village Family Service Credit Union Walmart The RLE Group Century 21 Realty Center Thrivent Financial for MinnStar Bank – Mankato CenturyLink Minnesota Town & Country Credit Lutherans Foundation Modern Woodmen of FARGO Union ChamberMaster TMI Hospitality America DULUTH Shareholder’s Circle TRN Abstract and Title Crow Wing County TrueIT Northwestern Mutual United Way Shareholder’s Circle ($10,000 – $25,000) Ulteig Engineers Oleson+Hobbie Fargo Public Schools U.S. Courts Federal Courts Crow Wing Power ($10,000 – $25,000) Union State Bank Library Architects, LLC Gate City Bank Community Trust Lloyd K. Johnson Western State Bank Paulsen Architects Foundation Upstream Intelenet Cuyana Range Elementary Phoenix International Vaaler Insurance Primevest Financial PTA Minnesota Power U.S. Bancorp Services, Inc. Friend’s Circle Vogel Law Firm Cuyuna Range Chamber University of Minnesota – Wal-Mart Foundation Promotions 2000, Inc. Duluth ($500 – $999) WDAY of Commerce Wells Fargo Accenture Rasmussen College West Acres Development, LLP Gammello, Qualley, Xcel Energy Advertising Marketing Red Door Creative, Inc. Pearson & Mallak Sponsor’s Circle West Fargo Exchange Club American Crystal Sugar Scheels All Sports – Goldleaf Partners ($5,000 – $9,999) Sponsor’s Circle Company Widmer Roel PC Mankato Northland Foundation Grand View Lodge ($5,000 – $9,999) American Family Insurance Wimmers Diamonds South Central College Wells Fargo Hallett Charitable Trust Bank of the West Anderson, Bottrell, Sanden The Thro Company Kohl’s Eide Bailly & Thompson U.S. Bancorp Lakeland Mold Company Associates Circle Fargo-Moorhead Area Anne Carlsen Center United Prairie Bank ($1,000 – $4,999) McDonald’s Foundation Apex Engineering Group, Inc. Walmart Allete Inc. Mills GM Forum Communications Appareo Systems Weinerman & Associates, LLC Benna Ford Superior Company Northern Food King Barnesville Community Best Buy Otter Tail Corporation Foundation

18 Annual Report 2011-2012 | jaum.org Investors

NEW ULM Friend’s Circle Shareholder’s Circle Arneson Distributing Initiative Foundation Pennington, Lies & GNP Company ($500 – $999) ($10,000 – $25,000) Company Times Media/Gannett Cherne, P.A. Granite Logistics Abdo Eick & Meyers LLP 3M Associated Milk Foundation Plaza Park Bank Services LLC Billings and Company, Inc. Producers Inc. Quinlivan & Hughes, P.A. Gray, Plant, Mooty, Mooty Brown & Brown Insurance Sponsor’s Circle Broadway Chiropractic Associates Circle Resource Training & & Bennett, P.A. Wellness Center Coughlan Companies, Inc. ($5,000 – $9,999) ($1,000 – $4,999) Solutions Holland & Frank Executive Chamber of Commerce – & Employee Benefit Deichman Construction CliftonLarsonAllen LLP Apollo High School Schlenner, Wenner & St. James Company Solutions, Inc Gallery 19 SouthPoint Federal Assessco Environmental Credit Union Christensen Family Farms Services Sentry Bank The Johnson Group Horizon Milling Marketing Windings, Inc. Eide Bailly Benton Telecommunications St. Cloud Optimist Club (AM) James R. Weir Insurance Knife River an MDU Healthy Communities, Foundation St. Cloud State University Jamie’s Pemberton Pub Healthy Youth Resources Company Associates Circle Best Buy Stearns History Museum Kato Roofing, Inc. Jensen Motors of New Ulm Leonard, Street and Deinard ($1,000 – $4,999) C.H. Robinson Worldwide and Research Center Krengel Brothers Tiling, Inc. McDowell Company All American Foods Mathiowetz Construction CentraCare Health Systems U.S. Bancorp Leonard, Street and MidTown Fitness Bank Midwest Pharmacy Relief Services Central Minnesota Noon United Way of Central Deinard New Core Wireless Citizens Bank of New Ulm Schwartz Farms, Inc. Optimist Club Minnesota Lindsay Window & Doors Northland Capital Financial Dittrich Specialties, Inc Sleepy Eye Ambulance CenturyLink Minnesota The Vos Family Foundation Manpower Service Services, LLC Gislason & Hunter, LLP – College of St. Benedict Maschka, Riedy & Ries Park Industries New Ulm Sturm Funeral Home Collegeville Community Friend’s Circle Law Firm Primevest Financial Kraft Foods, Inc. Taylor Corporation Credit Union ($500 – $999) Midwest Dynamic Services, Inc. Liberty Tax Service Trinity Lutheran Church Dorn & Walberg Limited Anderson Trucking Merchandizing Services, Inc. Reichert Wenner PA New Ulm Medical Center United Way of Brown County Edina Realty Mortgage Minnesota Elevator, Inc. Array Services Group Rice Building Systems New Ulm Real Estate, LLC Gannett Foundation/ Minnesota Lake Lions Club St. Cloud Times Catholic Charities St. Cloud Sartell City Council MTU Onsite Energy Norwood Promotional Children’s Home Short Stop Catering Products Gold’s Gym Pioneer Hi-Bred ST.CLOUD Central Minnesota Springbrook Software Nu-Telecom Heartland Four Wheel Drive International, Inc. Shareholder’s Circle & Transmission, Inc. Credit Union St. Augusta American ProGrowth Bank Sam’s Club ($10,000 – $25,000) Kohl’s Cetera Financial Group Legion Post 621 Target ING DIRECT Snell Motors Kraft Foods, Inc. Charter Media St. Cloud Hospital United Prairie Bank Morgan Family Foundation South Central Small Liberty Insurance Citibank Student Loans St. Cloud Industrial Business Development Wide Area Associates Wells Fargo Agency, Inc Doherty Staffing Solutions Products, Inc Center Xcel Energy Mahowald Insurance E & I Cooperative St. Cloud ISD 742 Southern Minnesota Friend’s Circle Purchasing St. Cloud Surgical Center Endodontics Marco, Inc. ($500 – $999) Sponsor’s Circle Merrill Corporation Edward Jones Starkey Laboratories Valley News Accenture ($5,000 – $9,999) MidCountry Bank Executive Express Target Verizon Wireless Alliance Bank Bremer Bank Nahan Printing, Inc. Explore Information Traut Companies Zender Insurance American Family CliftonLarsonAllen LLP Services, LLC Agency, Inc. Northwestern Mutual W. Gohman Construction Insurance Holiday Inn Hotel and F & M Bank – Sauk Rapids Pam’s Auto, Inc. W3i Ameriprise Financial, Inc. Suites Gilleland Chevrolet-Cadillac Zimmer Dairy

Individual Donors

President Member Christine Gibson Korwin & Marilyn Lockie Wayde Heirigs Tony & Jill Szczepaniak John Hajostek ($25,000 – $50,000) James & Tamara Giertz Daniel & Carol Mulheran James & Patricia Hemak Hardmon & Eboni David & Kim Hakensen Hugh K. Schilling Paul & Michelle Koch Bruce & Carol Nicholson Ann Hengel Kelly Williams Jill Harbaugh John & Sallie March Jon & Alissa Nudi Jeffrey & Deanna Kerr Denise & Cory Holtz Entrepreneur Member Brian & Emily Peterson David & Martha Rader Peter Koelsch Silver Circle Will Hsu ($10,000 – $24,999) Stephen & Karen Sanger Stacey & Noah Sandler Suresh & Bhuvana Krishna ($500 – $999) Robert Kierlin Jon Ahlers Jim & Gina Blayney Brian & Stacey Schweitzer Christina Selby Eric & Elizabeth Laughlin Toby Kommer Douglas and Jill Benner Mike & Ann Duffy Warren & Mary Lynn Staley Ellyn & Patrick Shook Patrick Lynch Lawrence Koury Larry & Ann Bick Dick & Joyce H. McFarland David & Autumn Tysk Matt & Jeanie Steele Jeff Loch Brent Kukla Family Fund of The Mpls William Blake Gordon & Diane Viere George & Jacqueline Tyson Bruce & Andrea Machmeier Dan Kvsnicka Foundation Jesse Botker Ellen & Jeff Valde Mark Mahla Loren & Sharon Meyer Marna & Erick Ricker Thomas Brown Platinum Circle Thomas & Karen Moe Kent Pekel Michael Roos & Lynn Casey & ($2,500 – $4,999) Brian & Karla Myres Family Chris Puto & Susan Hecklen Cindy Goplen Gold Circle Michael Thornton Vicki Bailey & Louis Speltz ($1,000 – $2,499) Fund of the CMCF Megan Swap Ann Curme Shaw & Dan & Sue Childers Reid Shaw Jim Butts Beth & Jim Abbott Mark & Gretchen Noordsy Alan Tennessen Andrew Chow Sandy & Doug Coleman Jeffrey & Mary Botz Patrick Pazderka Robin & Steve Turner Scott Cummings Diamond Circle Pete Godich & Martie Woods Thomas Cronin Joe & Selena Ressa Jim & Ruthanne Vos Eugene & Mary Frey ($5,000 – $9,999) Craig & Kimberly Gordon Andrew Currie Roger & Carol Ryburg Jonathan and Amy Warrey Gilbert Baldwin Christina Froehlich Allan & Karla Johnson Marilyn Dahl Kelly Bretz & Daniel Rydel LaChelle & Bob Williams Terry & David Gilberstadt James & Carmen Campbell Netha & Lynn Johnson Livio DeSimone Scott Savoy Timothy Grafe Ronald & Julie Hafner Tim & Mary Johnson Phil & Dani Esten Ryan & Shannon Stauff John Grieman Thomas & Kim Holman Mike & Nancy Keller Donald & Adele Garretson Steve & Deb Steen

Annual Report 2011-2012 | jaum.org 19 Board of Directors 2012

Chair Christine Gibson Peter koelsch Stacy B. Sandler Gordon Viere Optum 3M Deloitte Services CliftonLarsonAllen LLP Chief of Staff Technical Director, Materials Principal CEO Resource Division James R. Giertz Hugh k. Schilling H.B. Fuller Company Suresh krishna Horton Holding, Inc. Vice-Chair Chief Financial Officer Polaris Industries, Inc. Chairman & CEO Vice President Global Operations David J. Rader Terry Gilberstadt Daryl D. Schulz & Integration Wells Fargo Horton Holding, Inc. Stifel Nicolaus Business Executive, SBA Lending Corporate Secretary korwin Lockie Branch Manager Pete Godich Bremer Bank Ann C. Shaw Senior Vice President Secretary Deluxe Corporation Ceridian Corporation Patrick Pazderka Senior Vice President, Fulfillment Daniel Mulheran Senior Vice President and Oppenheimer Wolff & Donnelly General Counsel, Ethics & Craig A. Gordon ING Partner President of US Individual Affirmative Action RBC Correspondent Services Life Distribution President Ellyn J. Shook Treasurer Tim Grafe Jon Nudi Accenture Global Managing Director – HR Tim Johnson Donaldson Company General Mills Vice President, President SCICOM Data Services Global Director Business Steven D. Steen CEO & CFO Snacks Division Development Associated Bank Minnesota Regional Retail Director Ronald P. Hafner kent Pekel Directors Wipfli LLP Search Institute Tony Szczepaniak President & CEO Beth Abbott Partner McGladrey – Minneapolis The Hartford Managing Director, Accounting David Hakensen Brian Peterson Assistant Vice President of Allianz Life Insurance Company Industry Services Strategic Initiatives Fleishman Hillard Senior Vice President and of North America Ellen Valde Senior Vice President Daryoush Allaei General Manager PricewaterhouseCoopers LLP Sheer Wind, Inc. Christopher Puto Partner CEO and CTO Bruce Hanson RR Donnelly University of St. Thomas Shane Waslaski Dean, Opus College of Business Brett Anderson Vice President of Enterprise Otter Tail Corporation Briggs and Morgan Healthcare Michael Roos Senior Vice President Attorney Patricia Hanson KPMG, LLP Hardmon Williams III Zach Augustyn Partner – Tax Innovation Leader Robert Hanvik AT&T Mobility State Farm Insurance Christopher M. Russo Vice President, General Manager Agency Field Executive for Hamish Communications Consultant BMO Harris Bank MN/Northern Plains St. Paul Agency Field Office Vice President Vicki Bailey Tom Hoff SW/WC Service Cooperatives Advantus Capital Management Vice President, Investment Law, Project Coordinator Chief Compliance Officer Tom Holman Project LEAD! Members 2012 Morning Foundation Douglas Benner Founder and Director TCF Bank Neal Bradsher Eric Laughlin Executive Vice President Al Johnson KPMG, LLP Thomson Reuters Cargill, Inc. Nathan Buller Jeff Loch kelly Bretz Vice President Global Business Thrivent Financial for Lutherans Briggs & Morgan GE Capital Retail Finance Services Director of Pricing & Financial Lee Bunge John Lund Evaluation Netha N. Johnson, Jr. Wells Fargo Bank Tennant Pentair, Inc. Sheila Brown President, Filtration Solutions Andrew Chow Holly L. Meyer Travelers Best Buy Ceridian Vice President, Assistant Paul Johnson Nate Bornstein Paul Nelson Treasurer Xcel Energy Best Buy The Hartford Vice President, Investor Relations Mark Casper & Financial Management Scott T. Cummings Lynn Patzner Keyport Lounge and Liquor Accenture Xcel Energy CEO Michael keller Federated Insurance Company Melissa Daul kamas Rooney Marilyn Dahl First Vice President Honeywell Ernst & Young (Retired) Wells Fargo Bank Regional President Jeff Kerr Janet Johanson James Schulz U.S. Bancorp Production Services AFPI Michael Duffy President, Institutional Trust International DST Market Services, LLC Mary Volker Partner & Custody Steve Johnson U.S. Bancorp Donaldson Company Phil Esten Joann knuth Abby Fletcher University of Minnesota Alumni (Retired) MN Association of Teresa Johnson ING Association Secondary School Principals GE Capital Fleet Executive Director Ben Greene President and CEO Jan kruchoski PricewaterhouseCoopers LLP Donald Garretson Paul koch CliftonLarsonAllen LLP Dan Platta (Retired) 3M UBS Financial Services Cargill, Inc. Senior Vice President Elizabeth Laughlin CFO General Mills

20 Annual Report 2011-2012 | jaum.org Financial Literacy | College and Career Readiness | Entrepreneurship Annual Report 2011-2012

Read Max Goldman’s inspiring JA story inside.

Inspiring and preparing young people to succeed in a global economy. jaum.org

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