Dear Friends and Colleagues:

Each new year presents its own set of “They say that time changes things, but you actually have to change them yourself.” —Andy Warhol Youth Network unique challenges, opportunities and re- wards. The year 2007 was no exception.

This year’s annual report takes the form of a pictorial review – a timeline of PYN’s ninth year, with highlights that include: January June 26 Greater Philadelphia “The time is Chamber of Commerce > The Greater Philadelphia Chamber of hosts press conference to Commerce’s embrace of WorkReady announce WorkReady Philadelphia, and its successful internship goal reached:

always right campaign to double the number of Letter From PYN 1,049 employer-paid slots, employer-paid internships to at more than double the ’06 June 22 The City authorizes number. least 1,000; April 4 Representative $1M to support WorkReady Dwight Evans announces Philadelphia summer June 28 ‘Walking across the to do what > The alliance of organizations and stage’ for the first time are February 6 Philadelphia City an $820,000 state grant to programs. constituencies from around the City to 70 former dropouts and Council holds hearings on support WorkReady intern- develop new funding and ensure that March ships and partially offset the adjudicated youth recog- Philadelphia’s dropout crisis. March 5 PYN President youth internship opportunities were not additional costs of the nized for achievements in is right.” Laura Shubilla presents lost as a result of the Commonwealth’s Commonwealth’s recently education, citizenship, and featured remarks at the new minimum wage; and increased minimum wage. employment at first E3 —Martin Luther King, Jr. Summit on Graduation, held at the > The continuing progress of Project Improving High School Freedom Theater. Graduation Rates. May U-Turn, which leveraged $10M in new funds, helped to establish 1,400 new education program slots, and February developed a new system for recon- necting out-of-school youth to Board of Directors January 24 Largest Shadow- February 15 Greater Philadel- March 1 A fifth E3 Center March 8 American Youth April 13 Trained and sup- May 1 Training sessions educational options. David Brown, BrownPartners ing Day ever with 166 phia Chamber of Commerce opens in Southwest— Policy Forum convenes ported by PYN and the begin for organizations companies hosting 1,552 announces its commitment operated by Communities federal legislators and Children’s Commission, contracted to operate We extend our thanks and congratulations Jeffrey Brown, Brown’s Super Stores, Inc. (Secretary) 9th graders who spend time to double the number of February 27 The Philadelphia in Schools of Philadelphia. policy-makers to learn about 26 youth organize a mayoral summer programs; 446 to the dozens of dedicated partners Howard Cutler, Aetna with professionals at their employer-paid WorkReady Daily News releases a Project U-Turn from School forum at the National Consti- youth workers trained by throughout the City that helped to make Pamela Crawley, Citizens Bank January 2 The City’s worksites to learn about summer internships to 12-page special report on District CEO Paul Vallas, tution Center attended by beginning of July. these accomplishments possible. Your fourth E3 Center opens in career opportunities, what it 1,000. Collaborative leaders and three mayoral candidates Paul DiLorenzo, Casey Family Programs youth employment in the April 24 PYN receives major commitment to young people inspires us, takes to succeed on the job, researchers. and 600 youth. June Logan/Olney —operated two-year grant from the Pamela Gallimore, Community City, highlighting WorkReady June 4 Board of Directors and we look forward to working with you by the Indochinese and the economic value of 3 of Philadelphia (Vice Chair) and the E Centers. William Penn Foundation approves PYN’s first multi- on their behalf in the months and years American Council and education. to continue to support the year strategic plan – which to come. Elsa Perez, PFPC the Warren E. Smith March 12 ‘Efforts to June 23 St. Joseph’s basket- Project U-Turn campaign May 12 350 youth attend includes a new vision that Denise Ray, Philadelphia Family Court Health Centers. Outcomes’ data system ball coach Phil Martelli and the work of its many the “Make Yourself the “All of Philadelphia’s young

Board of Directors April expanded to collect addresses WorkReady Robert Schwartz, Esq., Juvenile Law Center (Chair) partners. Catalyst for Change” summit people take their rightful January 27 The School information on participation private sector interns during Thomas Sheaffer, City of Philadelphia, through the Youth Develop- places as full and contribut- District launches its plan for and investment levels for one-day training symposium Stacy Holland, Co-President and COO Health & Opportunity (Treasurer) ment Initiative, a place- ing members of a world- secondary education reform, partners and employers. designed to impart skills based investment strategy class workforce for the Margie Tolen, Comcast which includes an ‘anchor’ for successful workplace Annual Report for the Year supported by the William region.” Deborah Zateeny, Zateeny Loftus LLP (Of Counsel) on dropout reduction based experiences. on the work of Project Penn Foundation. As of June 30, 2008 Robert Schwartz, Chair, Board of Directors U-Turn. June 8 Youth applications for Summer WorkReady 2007 programs are due; 10,626 youth complete the enroll- Laura Shubilla, Co-President and CEO ment process. 2007 Funders Brown’s Family ShopRites Philadelphia JT Board Unite Here WorkReady Seal-of-Approval Contracted Youth-Serving Horizon House STATEMENT OF FINANCIAL POSITION / June 30, 2007 REVENUE, BY FUNDING STREAM Campus Philly Philadelphia Newspapers Internship Employers Organizations in 2007: Indochinese American Council Aetna Foundation Cancer Treatment Centers of America Philadelphia O.I.C., Inc. Intercultural Family Services Inc. ASSETS Our Vision: All of Philadelphia’s young people Allen Hilles Fund Businesses that hosted their own African American Interdenominational Workforce Investment Act (WIA) - Formula Cannon Graphics Philadelphia Safe and Sound JEVS Human Services Bank of America internship programs that met Ministries, Inc. CURRENT ASSETS take their rightful places as full and contributing The Children’s Hospital of Philadelphia Korean Community Development Barra Foundation WorkReady’s criteria for excellence African Cultural Alliance of North America Cash and Cash Equivalents $ 3,352,762 5,937,485 December 4 PYN staff present Citizens Bank Philadelphia Workforce Investment Services Center members of a world-class workforce for the Bill & Melinda Gates Foundation* in 2007 Allegheny West Foundation Cohen Placitella & Roth Board LULAC National Educational Contracts Receivable 3,268,837 workshops at national meet- Brown’s Super Stores, Inc. ASPIRA, Inc. of City of Philadelphia - Dept. of Human Services region. Comcast Philadelphia Youth Network The Academy of Natural Sciences Services Center Advances, Subcontractors 256,002 ings of the National Youth Campbell Soup Foundation Boys & Girls Clubs of Philadelphia Commerce Bank PNC Aramark Management & Environmental Prepaid Expenses, Advances, and Deposits 168,293 Employment Coalition and Carnegie Corporation of New York* The Bridge, a subsidiary of the 5,612,867 Our Mission: As a catalyst for collective action, Communications Workers of America Reit Management & Research LLC Ballard Spahr* Technologies, Inc. Charles Stewart Mott Foundation* Philadelphia Health Management Total Current Assets 7,045,894 the National Association of Community Behavioral Health Saint Joseph’s Bank of America Marriott Foundation Temporary Assistance for Needy Families (TANF) the Philadelphia Youth Network makes connec- Citizens Bank Foundation Corporation FIXED ASSETS, Net of Accumulated Depreciation of $521,995 267,879 Workforce Development Community College of Philadelphia Saul Ewing Camp Dresser McKee Mt. Airy USA October City of Philadelphia Cambodian Association of Greater Professionals. tions among individuals, organizations and Community Council Schnader Harrison Segal & Lewis Catholic Social Services Multicultural Youth Exchange Total Assets 7,313,773 3,336,621 Dolfinger-McMahon Foundation Philadelphia Consumer Credit Counseling Service Sovereign Bank City of Philadelphia, Fleet Management New Foundations Charter School August 10 Summer systems. We increase capacity and resources Herr Foods, Inc. Camden County Council on of Delaware County Communities in Schools Urban New Jersey Academy for Aquatic

Finacial Report Stradley Ronon Stevens & Young William Penn Foundation Lincoln Financial Foundation Economic Opportunity LIABILITIES AND NET ASSETS WorkReady programs end, in order to provide world-class preparation so Day & Zimmermann Sunoco, Inc. Technology Project Sciences

Leadership Teams Nelson Foundation Center for Literacy having served 8,156 youth Drexel University, Institute for Women’s Synterra Conrad O'Brien Gellman & Rohn, PC* Norris Square Civic Association CURRENT AND OTHER LIABILITIES 2,434,036 our City’s youth can thrive in a regional and Pennsylvania Commission on Crime Cheyney University/Healthlink at 1,280 worksites through Heath and Leadership Talson Solutions, LLC Dechert* North Light Community Center Accounts Payable, Contractors 2,429,579 and Delinquency International Program School District of Philadelphia global economy. Drexel University, Office of Research Delaware Valley Industrial Resource Opportunities Industrialization Centers Accounts Payable, Other 247,412 93 contracts. November 1 After consulting November 17 Project U-Turn December 6 WorkReady Pennsylvania Department of Labor The Children’s Hospital of Philadelphia November Economy League of Greater Philadelphia Thomas Jefferson University Hospital Corporation of America, Inc. Accrued Expenses 257,335 and Industry City of Philadelphia Department of 1,408,643 with staff from PYN and Symposium held at School intern request process Educational Data Systems Tierney Communications Diversified Search Open Borders Project July Recreation Deferred Revenue 3,746,898 Pennsylvania Department of Public August 8 Teens who conduct the School District of District of Philadelphia becomes available on-line; Enterprise Leadership Team Elliott-Lewis Top of the Tower Duane Morris LLP* Pennsylvania School for the Deaf Total Liabilities 6,681,224 Welfare Communities in Schools of WIA - Youth Offender Grant Philadelphia, New York Education Center, marking employers can download Episcopal Community Services Towers Perrin Free Library of Philadelphia Philadelphia Academies, Inc. the Youth Satisfaction Carol Austin, Vice President, Strategic Initiatives Pennsylvania General Assembly Philadelphia, Inc. ESM Productions Union Packaging GlaxoSmithKline Philadelphia Housing Authority Survey exceed goal of October 8 PYN Training becomes the first city to the one-year anniversary of forms and upload job Philadelphia City Council Community Action Agency of 456,146 July 1 The state minimum Jenny Bogoni, Vice President, Partnerships FA Davis United Communities of Southeast The KeVen Parker Company Philadelphia Commercial Development reaching 30% of the Lab opens and “Data replicate the Student Success the U-Turn campaign launch, descriptions at The Philadelphia Coca-Cola Delaware County NET ASSETS Fox Chase Cancer Center Philadelphia Kleinbard Bell & Brecker LLP* Corporation wage increases from $6.25 Ambassadors” program Center Model, with a center and reporting to the public www.workreadyphila.org. Harvey Chism*, Vice President, Educational Initiatives Bottling Company Congreso de Latinos Unidos, Inc. Unrestricted 632,549 Fee-Based Revenues - Employer-Paid Internships WorkReady worksites. The University of Pennsylvania Lockheed Martin IS & S Philadelphia Futures to $7.15. Philadelphia Department of District 1199C Training and Temporary Restricted established to support opening at Brooklyn’s on progress made during Rebecca Fabiano*, Vice President, Capacity Building Greater Philadelphia Chamber of WPVI-TV MEE Productions Philadelphia Mural Arts Program 343,744 Human Services Upgrading Fund Total Liabilities 632,549 PYN’s contracted providers. Bushwick High School. the first year. Stacy Holland, Co-President and Chief Operations Commerce Wyeth Pharmaceuticals Mercy Hospital Please Touch Museum Philadelphia Education Fund Diversified Community Services Officer Greater Philadelphia Tourism Yoh Services, LLC Montgomery, McCracken, Walker Resources for Human Development Total Liabilities and Net Assets 7,313,773 Youth Transition Funders Group August Philadelphia Foundation EducationWorks Marketing Corporation & Rhoads LLP Respond, Inc. Anthony Marzolino*, Chief Financial Officer Philadelphia Housing Authority Foundations, Inc. / KidZone Philadelphia IKON Office Solutions WorkReady Internship Investors Oteri’s Bakery Temple University 299,671 Provincial Foundation Frankford Community Development Melissa Orner, Sr. Vice President, Communications and Independence Blue Cross Pepper Hamilton LLP* To Our Children’s Future with Health Prudential Community Resources Businesses and corporate foundations Corporation FUNCTIONAL STATEMENT OF ACTIVITIES / July 1, 2006 to June 30, 2007 Development J.A. Reinhold Asset Management The Philadelphia Coca-Cola United Communities of Southeast Youth Opportunity Grant Rittenhouse Foundation that sponsored youth internships in Free Library of Philadelphia JEVS Human Services Bottling Company Philadelphia SUPPORT AND REVENUE July 2 WorkReady Philadel- August 9 Democratic Mayoral September 5 Young Friends September 29 Young Leader- November 28 Philadelphia December 12 PYN provides Michael Pompey*, Chief Information Officer Samuel S. Fels Fund non-profit organizations or small Germantown Settlement October 31 PYN Youth Jewish Federation of Greater Philadelphia Water Department* University of Pennsylvania 27,6678 Nominee Michael Nutter of PYN is launched to Youth Council recognizes staffing and content support School District of Philadelphia businesses in 2007 Girard College Development Fund Contracts $ 20,202,794 phia 2007 summer pro- ship Connector Project Ambassadors co-facilitate Laura Shubilla, Co-President and Chief Executive Officer Philadelphia Philadelphia Zoo Variety-The Children’s Charity Seybert Institution Goodwill Industries Contributions 131,812 Philadelphia Housing Authority grams begin for more than addresses WorkReady support PYN’s mission launched in partnership with their first presentation on Tracee Hunt, Vice President for the inaugural meeting of Keystone Mercy Health Plan Aetna Foundation PA Real Estate Investment Trust YouthBuild Philadelphia Charter School * also on Operations Leadership Team Sunoco Partners LLC Greater Philadelphia Federation of In-Kind Contributions 3,520 8,000 young people. Philadelphia concluding through fundraising, events LEADERSHIP Philadelphia. youth voice and leadership, of the Philadelphia Coca- the Pennsylvania Council on KPMG Bank of America Reed Smith LLP* Youth Empowerment Services U.S. Congress Settlements Interest and Other Fees 319,329 203,791 celebration and challenges and networking. Cola Bottling Company, as the Workforce of Tomorrow, LaSalle University Campbell Soup Foundation Schaff & Young* at PA Service Academy U.S. Department of Labor Greater Philadelphia Urban Affairs Life Science Career Alliance Comcast Spectacor Social Security Administration Total Revenues 20,657,455 Philadelphia employers Conference in Harrisburg, PA. she steps down after two the successor body to the Operations Leadership Team Union Benevolent Association Coalition Corporations Lincoln Financial Group Deloitte St. Christopher’s Hospital for Children to double the number of years as Council Chair. state Youth Council. United Way of Southeastern PA Maryum Darby-Madison, Director, Program Design Mercy Hospital of Philadelphia Greater Philadelphia Chamber of Thomas Jefferson University* July 18 School District unsubsidized workplace September 9 PYN announces 107,344 and Support Foundation Commerce EXPENSES receives second of two U.S. new leadership structure, Morgan Lewis & Bockius LLP Thomas Jefferson Univ. Hospital* “It is never too late to become internships again in ‘08. William Penn Foundation Independence Foundation Chekemma Fulmore-Townsend, Director, Performance Nazareth Hospital The Union League of Philadelphia Contracted Provider Services 10,157,941 PA Dept. of Labor and Industry (RCEP) Department of Labor grants with Stacy Holland and * through the Youth Transition Funders Group Leadership Philadelphia-Junto One Management NeatReceipts U.S. Army Corp of Engineers what you might have been.” Youth Wages, Stipends, and Fringe Benefits 5,093,675 totaling $5.8 million to Laura Shubilla as co- PA Real Estate Investment Trust Lincoln Financial Group Foundation University of Pennsylvania 92,449 Direct Services 4,108,669 support new multiple path- presidents. Stephanie Gambone, Director, School Support WorkReady Premier Internship PBS Kids Sprout MEDecision The Wistar Institute and Business Partnerships Employers Pennoni Associates Michael Lillys WolfBlock LLP* —George Eliot Total Program Services 19,360,285 Foundations - Other ways options proposed PriceWaterhouseCoopers through Project U-Turn. Karen Howard, Director, Student Success Centers Businesses that hired and paid for The Pennsylvania Horticultural Society *through the Bridges Program Management and General 1,282,345 Prudential Foundation 75,748 youth internships at their worksites Pepsi Bottling Group Fundraising 13,442 C. Kemal Nance, Director, Student Leadership Initiatives in 2007 Philadelphia Business Journal Shire Pharmaceuticals Total Expenses 20,656,072 Other Revenue and Interest Income Derrick Perkins, Director, Provider Support Philadelphia College of Osteopathic UPS Abington Memorial Hospital Medicine United Way of Southeastern Pennsylvania Changes In Net Assets 1,383 72,232 Joanne Sabasino, Sr. Budget Analyst ACE American Insurance Company Philadelphia Convention & Visitor’s Acme Markets, Inc. Net Assets, Beginning of Year 631,166 Nancy Santiago-Negrón, Director, Policy & Planning Bureau September Aetna Philadelphia Council AFL-CIO Total Funding $ 20,657,455 3 Net Assets, End of Year 632,549 Janine Wright, Director, E Initiatives AFSCME DC 33 Philadelphia Council for Community AFSCME Local 2187 Advancement December Albert Einstein Medical Center Philadelphia Federation of Teachers A complete copy of the Independent Auditors' Report and Financial Statements, dated June 30, 2007, Staff List Current as of June 30, 2008 American Association for Cancer Research The Philadelphia Foundation is available upon request. Please e-mail [email protected] Aqua America Philadelphia Industrial Development “Time is the coin of your life. It is the only coin you have, and only you can determine how it will be spent.” —Carl Sandburg Blank Rome Corporation