take a closer look

IMPACT 2010-2011

Financial Literacy I Entrepreneurship I Work Readiness Table of INTRODUCTION Contents

2...... Message from the Chairs Each day, Junior Achievement (JA) staff and business mentors in 15 Charter offices across 4...... The IMPACT of JA Canada are working hard toward one common goal:

6...... Programs to inspire and prepare young people to succeed in a global In 2011, 8...... Volunteers economy. 216,469 students 10...... Next Generation Leaders Guided by our core values, we: across Canada TM 12...... The Order of the Business Hall of Fame believe in the boundless potential of youth; participated in a commit to principles of market-based 14...... National Awards & Scholarships economics and entrepreneurship; JA program demonstrate a passion for what we do 16...... National Contributors with honesty and integrity; free-of-charge. respect the talents, creativity, perspectives, 18...... 2010 – 2011 JA Canada Foundation Board of Directors and backgrounds of all individuals; adhere to the power of partnership and 19...... 2010 – 2011 JA Canada Board of Directors collaboration, and; display conviction for the educational and 20...... Financial Overview motivational impact of relevant, hands-on learning.

21...... JA across Canada In so doing, we aspire to be recognized by businesses, educators and policymakers across the country as the premiere organization for preparing our youth to be successful, contributing members of our society.

As a national office, the role of JA Canada is to provide leadership, guidance and support to our local Charters. It is because of our Charters, in conjunction with their respective Boards of Directors, dedicated business mentors, schools and sponsors, that JA has made such a positive impact not only over the past year, but throughout the course of our 55+ year history.

1 JA BY THE NUMBERS JA makes a positive annual impact on Canada’s economy.

$45 For over 55 years, as the largest youth education organization in The BCG study found that JA programs produce more It’s time to Take a Closer Look at the more than 216,000 The annual return to Canadian society Canada, Junior Achievement (JA) has inspired and prepared more financially literate graduates that save more and borrow less than students who benefited from our programs last year, and at our for every $1 spent by JA Canada. than 2.7 million youth to succeed in an ever-changing global the average Canadian. Achievers believe JA to be the driving 13,000+ dedicated business mentors who delivered in excess of economy. And, while the organization itself has progressively force behind their financial literacy skills of budgeting, long 1.4 million hours of instructional time in over 400 communities evolved, the need for effective and meaningful business education term planning and investing. The result is more solvent citizens across the country.

programs, particularly in a climate of continued economic who put a lower burden on the social safety net, provide for Take a closer look at the countless organizations and individuals $535 million instability, has remained the same. their own retirement and are a more active investor base. Amount contributed by the work of who have provided financial support, our teams of talented Junior Achievement and the entrepreneurial And so, after 55 years, it begs the question... JA graduates are better prepared for the workforce resulting in employees located in Charters across the country, at the efforts of our Achievers to the Canadian is Junior Achievement making an impact in Canada? accelerated career tracks, altered trajectories and more skilled JA Canada, JA Canada Foundation and Charter Boards of

economy each year. employees. Achievers believe their participation in JA had a Directors whose selfless commitment is only surpassed by the JA professes to be the successful link between education and the significant effect on their ability to get a job and perform at work. immeasurable wealth of intellect, knowledge and acumen they business world by giving youth the confidence and knowledge bring to the organization. they need to define personal success, enhance their workforce JA produces graduates who are more likely to become 65 readiness and pursue their dreams – but do we deliver? JA entrepreneurs, create jobs and power our economy. These It’s time to take a closer look at the impact of Percentage of Achievers who believe claims to inspire youth to make better financial decisions, start future business leaders attribute JA as being the catalyst that Junior Achievement in Canada! JA programs had a significant impact on a company, develop a career plan and express their innovative gave them the ambition to open their own business, and the their staying in school and enrolling in spirit – but are youth really listening? transformational force that empowered them with the skills and post-secondary education. abilities to do so successfully. It is these new enterprises and the Results of the recently released Boston Consulting Group study new jobs they create that will drive the economic engine to “Making an Impact, Assessing Junior Achievement of Canada’s Louise Mitchell create increased prosperity and help close the productivity gap. Value Creation” would suggest the answer to both questions is Chair, Board of Directors 216,469 a resounding “Yes”! JA in Canada is making an IMPACT and it’s time to JA CanadaTM Number of Canadian students Take a Closer Look! We invite you to take a closer look at our who received JA programs in 2011, Analysis demonstrates that JA is over-delivering on all three of impact on the Canadian economy, at the role our programs free-of-charge. our pillars… play in Canada’s education system, the success our graduates

Financial Literacy – deliver improved understanding attain and at the value we provide to participants, employers of financial concepts; and society. Jos Wintermans Chair, Board of Directors 75 Work Readiness – prepare students with the skills JA CanadaTM Foundation Percentage of Achievers who believe required in the business world; JA programs had a significant impact in the development of financial literacy Entrepreneurship – develop skills and foster the and decision making skills. ambition for entrepreneurial ventures.

2 3 JA IMPACT The IMPACT of Junior Achievement

To measure the value of programs delivered by Junior Achievement (JA) across Canada, the Boston in Canada. Consulting Group (BCG) completed a year-long study to assess the impact of Junior Achievement’s mission.

The study, independent of any review from JA, JA makes a positive impact on Canada’s economy. JA helps to fill a gap in Canada’s education system. JA is a life changing event. JA graduates achieve higher levels of success. began with the development of an organizational and market fact base, led to over 50 interviews with various stakeholders, and culminated in a large quantitative study. Results from the study determined that JA programs make a substantial positive impact on Canada’s economy.

IMPACT Online

By helping youth stay in school, encouraging entrepreneurship, By delivering engaging and effective business education Participation in JA Canada programs provides a transformational Achievers are better prepared for the workforce, resulting in and teaching financial literacy skills, JA Canada creates an programs to young Canadians, JA Canada helps to fill the event that alters ambitions and encourages Achievers to do their getting ahead faster and providing better results for their annual return to society of $45 for every $1 spent. need for financial literacy education in school. more with their lives. employers.

The annual impact on Canada’s economy, directly attributed to JA Canada programs reach nearly a quarter-million Canadian Over 65% of Achievers indicate that participation in JA Achievers earn 50% more, on average, than those who do not the work of JA Canada, is $105 million. students in more than 400 communities each year, and are Canada programs had a significant impact on staying in school benefit from a JA Canada program. delivered free-of-charge. and enrolling in post-secondary education. Each year, $425 million can be attributed directly to the Achievers are 3x more likely to spend less than they earn and Created as a resource for stakeholders, the “Take a entrepreneurial activity of Achievers. Achievers credit JA Canada programs with being the driving 70% of Achievers indicate that participation in a JA Canada are far less likely to be unemployed or rely on social assistance. Closer Look” website was launched in the fall of 2011 force behind their financial literacy skills of budgeting, program had a significant impact on their desire to be an By providing youth with the skills necessary to become Achievers are 50% more likely to open their own business with the intent of communicating the full IMPACT of long-term planning, and investing. entrepreneur. JA programs. innovative, productive, and contributing citizens, JA Canada which leads to innovation, new jobs, and wealth creation.

For more information or to download the full BCG Final Report, ensures the competitive well-being of Canada’s economy. Over 75% of Achievers cite JA Canada programs as having a Achievers save more, borrow less, and do better financially than visit www.JAimpact.com significant impact in developing their financial literacy skills, the average Canadian. As a result, they are more self-reliant, decision making skills, analytic capabilities, and business sense. put a lower burden on the social safety net, and they provide better for their own retirement. 4 5 Junior Achievement helps to fill a JA CANADA PROGRAMS gap in Canada’s education system.

When you take a closer look you’ll see that Junior Achievement’s Elementary: unique programs allow students to experience and understand From Small Steps to Giant Leaps business while encouraging them to do more with their lives. Our programs enable young people to gain financial responsibility, Our Community: Needs, Jobs, Tools 8,291 students reached in 2011 take a make confident decisions, and become innovators. Across Canada, we offer a suite of nine national programs. Our Country: Technology and Innovation 8,894 students reached in 2011 Designed to enhance the overall education levels of participants

and prepare them for the business world, these programs act Our Business World* closer to augment elementary, middle and high school curricula with 33,212 students reached in 2011 Over 75% of Achievers standardized and formalized business education. A Business of Our Own cite JA programs as having a In 2011, JA programs reached over 216,000 students in more 9,804 students reached in 2011 than 400 communities, and were delivered by over 13,000 significant impact qualified business mentors. According to the BCG study, Middle: look over 75 per cent of program participants credit JA as being in developing their From Piggy Banks to Portfolios the critical driver of their financial literacy skills, decision financial literacy skills. making skills, and analytic ability. Economics for Success* www.JAimpact.com 93,186 students reached in 2011 As an organization, JA impacts the most students and delivers the most programs. We provide not just quantity but also Dollars with Sense* quality in terms of transforming the trajectory of participants. 33,386 students reached in 2011 Our alumni therefore go on to provide significant positive impact, both for their employers and society at large. Secondary: Bringing Ideas to Life

Company Program: A Student Venture* 7,170 students reached in 2011

Dream Big 1,335 students reached in 2011

JA Titan* 6,754 students reached in 2011

* Program also offered in French 6 7 Business mentors help Achievers deliver VOLUNTEERS

better results for their future employers. The H.E. Miskiman Leadership Award

The JA Canada Volunteer of the Year award was inspired by H.E. Miskiman. The award recognizes Volunteer business and honours volunteers from all sectors of our organization who advance the goals of Junior leaders provide a unique Achievement both locally and nationally.

learning experience Congratulations to Barbara Brink C.M., O.B.C., The unique learning experience provided to JA participants is our 2010 award recipient!

rooted in the more than 13,000 volunteer mentors who, year Barbara was recruited to the Business Laureates after year, help deliver our programs. of British Columbia Hall of Fame in its inaugural year as Co-Chair and continues to serve in this capacity. Young people need positive role models to help them realize Barbara’s contribution to the Hall of Fame Gala Dinner their full potential. Our mentors come from all walks of business has helped to raise nearly $2 million and has made Each year, life, yet they have many things in common: the desire to impart the event a premier business event in Vancouver. their enthusiasm for business, their ability to motivate students, more than 13,000 In October 2007, Barbara further committed to and their willingness to share knowledge and experiences. dedicated business JABC as a member of Board of Directors and is Through partnerships with and small, medium and large serving as the inaugural Chair of the Strategic Development Committee. In addition, Barbara mentors deliver over organizations, as well as individual business leaders, Junior sits on the JABC Fundraising Committee and the Achievement of Canada is able to inspire, prepare and 1.4 million hours Nominating Committee. empower youth by offering them real-world knowledge of of instructional time. work readiness, financial literacy and entrepreneurship. Barbara has played an integral role in planning, developing and implementing JABC’s fundraising Professionally trained and screened, our experienced mentors strategy and goals. In fact, in part due to Barbara’s provide a unique blend of experiential learning, business reality, vision and leadership, JABC secured a grant from and social leadership. the provincial government for $1 million and a legacy gift for $400,000.

Barbara does not seek traditional volunteer roles, but rather looks for gaps and applies herself to opportunities where she can apply innovative leadership. Her flair for fundraising and strategic decision-making, as well as her ability to recognize barriers and find solutions are a powerful inspiration.

Barbara Brink C.M., O.B.C. 8 9 NEXT GENERATION LEADERS Junior Achievement is a life changing event.

2011 Event Highlights 41st Annual Next Generation Leaders Forum

Each year, more than 100 youth business leaders are selected to attend the Next Generation Leaders Forum (NGL) for their high potential and the opportunity to advance their career.

Team Meetings Hosted in 2011 by the Queen’s School of Business in Kingston, Upon arrival, delegates were placed in teams and Ontario, these future leaders connect with leading experts from presented with the “The Ultimate Business Challenge.” business schools and industry to network at an international Students worked together to write a full business case, level, be inspired, and practice their business acumen. and present their findings to a panel of judges. NGL is recognized by JA Worldwide® as the premier international Participation in a conference for Junior Achievement youth. This year’s conference welcomed delegates from 10 countries including Canada, Bahamas, Junior Achievement Cayman Islands, Denmark, Hong Kong, India, Jamaica, Northern program provides a Ireland and Republic of Ireland, Norway, and the United States. transformational event Network Session The NGL experience is a unique blend of personal growth, Business is all about connections. The networking that alters ambitions and practical experience and confidence building. Achievers faced session presented delegates with the opportunity to learn about JA in other countries and share their own real business challenges and developed strategies in collaboration encourages Achievers country’s business perspectives. with their global peers. to do more with their lives. Having developed the skills necessary to make their dreams a reality, students return to their countries, communities and schools with a new perspective on what is possible. The relationships and life skills they build last a lifetime as they progress into higher education and the workforce.

Workshops 2011 Premier National Sponsor Run by program sponsors, these interactive workshops are the cornerstone of learning at NGL. Delegates answered business related questions, 2011 Premier International Sponsor listened to guest speakers, and contributed to group-wide discussions.

2011 Host Sponsor

10 11 2011 SELECTION COMMITTEE

Celebrating the achievements that Chancellor Mr. Tom O’Neill Chairman of the Board inspire tomorrow’s leaders. Mr. Jack Cockwell C.B.H.F. Group Chairman Brookfield Asset Management Inc.

Mr. Richard Currie O.C., C.B.H.F. Former Chairman Established by Junior Achievement of Canada in 1979, The nomination and selection process is sponsored by “Through the activities of JA and BCE Inc. The Canadian Business Hall of Fame celebrates the lifetime Knightsbridge Human Capital Solutions and an independent Mr. William A. Dimma C.M., O.ONT. by way of accepting this award Chairman Emeritus accomplishments of Canada’s most distinguished business Selection Committee, representing Canada’s foremost business, Home Capital Group leaders, past and present. Each year, Inductees are chosen for academic and media organizations, oversees the process. and honour, Canadian Business Mr. Serge Godin C.M., C.B.H.F. their enduring contributions to the economic development and Founder and Executive Chairman Each May, at the Gala Dinner Induction Ceremony, CGI Group Inc. prosperity of Canada. They become Companions to the Order Hall of Fame Inductees share in Inductees are celebrated for their lifetime accomplishments of the Business Hall of Fame and receive the post-nominal the responsibility of stewarding Ms. Donna Soble Kaufman and honoured for their vision, impact and service to the Chair designation C.B.H.F. TransAlta Corporation economy, community and our nation. As Companions, our next generation of business The Hon. John Manley P.C., O.C. these Inductees will forever inspire and encourage Junior President & CEO leaders.” - Tom O’Neill Achievement students and Canada’s future business Canadian Council of Chief Executives leaders to reach their dreams. Mr. Peter Mansbridge O.C. Chief Correspondent CBC News The Canadian Business Hall of Fame Title Sponsor: Mr. David O’Brien O.C., C.B.H.F. Chairman Encana

Mr. Courtney Pratt O.C. Chairman Toronto Region Research Alliance

Mr. David Saunders Dean Queen’s School of Business

Ms. Heather Shaw Executive Chair Corus Entertainment Inc.

Ms. Carole Taylor O.C. Chancellor Simon Fraser University

Mr. Lynton (Red) Wilson O.C., C.B.H.F. Chair, CAE Chancellor, McMaster University

EX-OFFICIO MEMBERS Mr. David R. Shaw President & CEO Knightsbridge Human Capital Solutions

2011 Inductees (from left to right): 12 W. , Seymour Schulich, 13 Guy Laliberté, Aldo Bensadoun. Junior Achievement graduates NATIONAL AWARDS AND SCHOLARSHIPS achieve higher levels of success.

Peter Mansbridge Youth Leadership Award The Evelyn Ruskin Sponsored by: Mr. Peter Mansbridge JA Corporate Awareness Scholarship The Hunter Family Siera Bearchell Sponsored by: (in memory of Evelyn Ruskin) JA Saskatchewan Jody Lussier Peter Mansbridge Positive Change Award JA Nova Scotia Sponsored by: Mr. Peter Mansbridge TD Canada Trust Fund Scholarship Marie Corriveau Petrone TD Canada Trust Fund JA Quebec Sponsored by: Emmett Harrison Deloitte Inspiration Awards JA Saskatchewan On average, Sponsored by: Deloitte The Seymour Schulich Achievers earn Siera Bearchell Entrepreneurship Scholarship JA Saskatchewan 50% more, than Sponsored by: Mr. Seymour Schulich Bryan Rice those who do not Nicole Lengies JA Nova Scotia JA Waterloo Region benefit from Junior Isabel Racine Remeez Virji Achievement JA Quebec JA Southern Alberta James Sun programs. Jasmine Kassam JA Central Ontario JA Southern Alberta The Al Beech Memorial Award Tiffany Chow Sponsored by: Ms. Lorraine Beech JA Southern Alberta Brittany Wolff Milica Trapara JA Central Ontario JA London Sakshi Sharma The Richard Ivey School of Business, JA Southern Alberta Entrepreneurship Institute Scholarship (Nigel Martin Memorial Award) Sponsored by: Richard Ivey School of Business Entrepreneurship Institute Milica Trapara 14 JA London 15 Your generosity, experience, NATIONAL CONTRIBUTORS and guidance help make an IMPACT.

Mentors $100K + Role Models $50K – $99K Advocates $25K - $49K Crawford, P. Aldo Group Inc. Barrick Gold Corporation Hugessen Consulting Inc. Knightsbridge Human Capital Bell Canada BMO Capital Markets Irving Oil Limited Power Corporation of Canada Business Development Bank of Canada Bombardier Inc. KPMG MSLP RBC Foundation Deloitte & Touche LLP CGI Group Inc. Ned Goodman Investment Counsel Ltd. TD Bank Financial Group Loblaw Companies Limited CIBC World Markets Inc. Queen’s School of Business The Seymour Schulich Foundation Maund, R. Cirque du Soleil Inc. The Printing House Limited Thomson Reuters Scotiabank Compass Group Canada XEROX Canada The Group Costco Wholesale Canada Ltd.

The Seymour Schulich Foundation

Maund, R.

Crawford, P.

We sincerely thank the Investors $10K - $24K Gowling Lafleur Henderson LLP New Gold Inc. University of Toronto - Division of Accenture Inc. Grant Thornton LLP Nipissing University Advancement Acxsys Corporation Great West Life Assurance Company Oberfeld Snowcap Inc. University of Western Ontario following individuals and Adecco Employment Services Limited Holland College Ogilvy Renault Vale Aeroplan Holt Renfrew & Company Ltd. OMERS Veritas Communications Inc. organizations for helping Assurant Solutions HSBC Bank Canada Parmalat Canada Inc. Weston Foods Inc. Barclays Capital Canada, Inc. Hudson’s Bay Company PepsiCo Foods Canada Wilfrid Laurier University make JA Canada a Bata Ltd. IBM Canada Ltd. Pitfield, R. Wintermans, J. Becton Dickinson Canada Infiniti Canada PricewaterhouseCoopers LLP continuing success. Belden Canada ING Direct Race, D.H. Gifts-In-Kind Birchcliff Energy Ltd. J. C. Penney Company, Inc. Raymond James Ltd. Boston Consulting Group BloombergSen Investment Partners Jetport Inc. Research in Motion Limited Stikeman Elliott Borden Ladner Gervais LLP Kinross Gold Corporation Rio Tinto Alcan The Printing House Borealis Kraft Canada Ryerson University Brookfield Asset Management Inc. LifeLabs Medical Laboratory Services SAJO Inc. Scholarships Clark, L. Lindt & Sprüngli (Canada), Inc. SAP Canada Inc. Beech, C.L. Compass Group Canada Magna International Inc. Saputo Dairy Products Canada G.P. Deloitte & Touche Foundation Canada Coril Holdings Ltd. Maple Leaf Foods Inc. Schulich School of Business Hunter Family Corus Entertainment Inc. McCain Foods Limited Schulich School of Law Mansbridge, P. CTV McCarthy Tetrault LLP Shaw Communications Inc. Richard Ivey School of Business Davies Ward Phillips & Vineberg LLP McDonald’s Restaurants of Canada Ltd. Sobeys Inc. Schulich, S. de Gaspe Beaubien Family Foundation McGill University Stewart McKelvey TD Canada Trust Dollarama L.P. Metro Inc. Stikeman Elliot LLP University of Victoria Ernst & Young LLP Metro Toronto Convention Centre Teck Resources Limited University of Western Ontario Fairfax Financial Holdings Limited Miller Thomson LLP The John & Judy Bragg Foundation General Electric Canada National Bank Financial Tridel Corporation 16 Globalive Communications Corp. National Money Mart Company Trimac Transportation 17 Goldman Sachs Canada Inc. Nestle Canada Inc. Tutsch, T. BOARDS OF DIRECTORS 2010-2011 Boards of Directors

Junior Achievement Junior Achievement of Canada Foundation of Canada

The Foundation brings the past, present and future of business together to develop

a skilled, productive and Lynne Clark Purdy Crawford, C.C. William Dimma, C.M., Norman L. Attridge Brenda Brown Valerie Campbell Dr. Mary Anne Chambers Lynne Clark Senior Partner Counsel O.ONT. Assistant Vice President Senior Vice President Principal Senior Vice President Senior Partner Financial Services Osler, Hoskin & Harcourt LLP Chairman Emeritus Business Services Human Resources Valerie Campbell (retired) Financial Services innovative workforce.” Deloitte & Touche LLP Home Capital Group Inc. EnVision Credit Union Compass Group Canada & Associates Scotiabank Deloitte & Touche LLP

Jos Wintermans President & CEO LifeLabs International Chair, JA Canada Foundation

Jeffrey J. McCaig L. Jacques Ménard, O.C., O.Q. Louise Mitchell Jim Doherty Michael Foulkes David Gordon Neil Harrison Tim Hewat Chairman and CEO Chairman Senior Vice President Vice President & Executive Vice President Managing Partner Partner, Financial Services Industry Partner Trimac Transportation Ltd. BMO Nesbitt Burns and Sales, Client Strategy General Manager (retired) Cohn & Wolfe Assurance and Advisory Amrop Knightsbridge President BMO Financial Life and Health Products Central Sales Operations TD Bank Financial Group Deloitte & Touche LLP Executive Search Group, Québec TD Insurance Xerox Canada Limited “The board consists of dedicated individuals who are committed to building and

David Race John Rogers, Q.C. David R. Shaw Bill Hogarth Joe Mardini Scott McGeachy Dr. Brian McMillan Louise Mitchell growing JA in Canada.” Chairman Emeritus Chief Executive Officer Founder & CEO Director of Education (retired) Vice President President President Senior Vice President CAE Inc. Stewart McKelvey Knightsbridge Human York Region District Data Center Solutions McGeachy Farms Holland College Sales, Client Strategy Capital Solutions School Board Bell Canada 1997 Ltd. Life and Health Products TD Insurance Louise Mitchell Senior Vice President Sales, Client Strategy Life and Health Products TD Insurance Chair, Board of Directors JA Canada

Thomas A. Tutsch Jos Wintermans Jamie O’Born Brian Phillips Roberto Sbrugnera Jeffrey Singer Former CEO of President & CEO President Vice President (retired) Senior Director Partner BMO Nesbitt Burns LifeLabs Inc. The Printing House RBC Phillips, Hager & North Treasury, Risk and Stikeman Elliott LLP Equity Partners and Former Investment Counsel Investor Relations Deputy Chair of Metro Inc. BMO Nesbitt Burns

18 19 Financial Overview JA Across Canada

Balance Sheet (As at June 30, 2011) Restricted JA CanadaTM and Special Operating Strategic Capital Operating Projects Reserve Reserve Asset Endowment Total Total Fund Fund Fund Fund Fund Fund 2011 2010 www.jacan.org Assets Current Assets 1,288,331 313,898 755,545 169,730 - - 2,527,504 1,930,735 British Columbia www.jabc.org Note Receivable 6,668 - - - - - 6,668 13,332 Investments - - - - - 417,642 417,642 367,940 Northern Alberta & N.W.T. Capital Assets - - - - 10,456 - 10,456 14,404 www.janorthalberta.org Total Assets 1,294,999 313,898 755,545 169,730 10,456 417,642 2,962,270 2,326,411 Southern Alberta www.jasouthalberta.org Liabilities and Fund Balances Current Liabilities 310,276 126,474 - - - - 436,750 478,451 Saskatchewan Fund Balances 984,723 187,424 755,545 169,730 10,456 417,642 2,525,520 1,847,960 www.jasaskatchewan.org Total Liabilities and Manitoba Fund Balances 1,294,999 313,898 755,545 169,730 10,456 417,642 2,962,270 2,326,411 www.jamanitoba.org

Southwestern Ontario Statement of Operations and Changes in Fund Balances (For the year ended June 30, 2011) www.jaswont.org Restricted and Special Operating Strategic Capital London & District Operating Projects Reserve Reserve Asset Endowment Total Total www.jalondon.org Fund Fund Fund Fund Fund Fund 2011 2010 Waterloo Region Revenue www.jawaterlooregion.org Contributions 1,608,956 130,000 - - - - 1,738,956 1,652,167 Guelph Wellington Development Grants - 356,060 - - - - 356,060 413,818 www.jaguelphwellington.org Youth Development Conferences 239,114 - - - - - 239,114 145,845 Contests, Awards Central Ontario and Scholarships - 14,579 - - - - 14,579 14,588 www.jacentralontario.org Operations 410,170 - 5,100 690 - 85,321 501,281 414,948 Québec 2,258,240 500,639 5,100 690 - 85,321 2,849,990 2,641,366 www.jequebec.org Expenses New Brunswick Organization and www.janewbrunswick.org Project Management 751,687 - - - 8,468 - 760,155 977,296 Prince Edward Island National Awareness www.japei.org and Communications 201,621 5,197 - - - - 206,818 191,493 Nova Scotia Contests, Awards and Scholarships - 22,930 - - - - 22,930 23,372 www.janovascotia.org Charter Support Newfoundland & Labrador and Development 524,992 - - - - - 524,992 506,870 www.janewfoundland.org Program Development and Delivery - 447,885 - - - - 447,885 495,407 National IT Support and Development 209,650 - - - - - 209,650 200,349 1,687,950 476,012 - - 8,468 - 2,172,430 2,394,787 Changes in Fund Balances Excess/(deficiency) of revenues over expenses 570,290 24,627 5,100 690 (8,468) 85,321 677,560 246,579 Fund balances, beginning 747,029 154,445 510,445 69,040 14,404 352,597 1,847,960 1,601,381 Inter-fund transfers, net (328,076) 8,352 240,000 100,000 - (20,276) - - Capital assets purchased (4,520) - - - 4,520 - - - Fund balances, ending 984,723 187,424 755,545 169,730 10,456 417,642 2,525,520 1,847,960

These summarized financial statements include the records of Junior Achievement of Canada only, and do not include activities of any JA Chartered Organization. 20 The complete audited financial statements, reported on by Grant Thornton LLP, Chartered Accountants, are available upon request. 21 Make an IMPACT and support JA in your region. Visit www.jacan.org Call 1-800-265-0699

Charitable Registration Number: 10755 4222 RR0002

JA Canada™ 1 Eva Road, Suite 218 Toronto, ON, M9C 4Z5 Tel: (416) 622-4602 Fax: (416) 622-6861

The Junior Achievement name and logo are Financial Literacy Entrepreneurship Work Readiness registered trademarks of Junior Achievement of I I Canada. JA Business Basic Series programs, JA Economics for Success, JA Dollars with Sense and JA Company Program – A Student Venture, are TM all trademarks of Junior Achievement of Canada. JA Canada A Member of JA Worldwide

Design and production by Warne Marketing + Communications www.warne.com