Annual Report 2010 work readiness entrepreneurship financial literacy Year At A Glance V F A T I-S A A-S S F A S 2200 “JA provides an exceptional opportunity for my stu- 270 “When I went through the Finance Park pilot 2100 260 2000 dents to hear how their content knowledge applies in program last year, I realized how complicated being 1900 the real world. I continue to reach out year after year 250 an adult would be! After six weeks of training, 1800 because of the warmth and energy of volunteers!” 240 I became an adult for a day and learned that 1700 managing finances can be tough! ere are so many Jamie Gadley 230 1600 things I take for granted— entertainment, food, cell 1500 4th Grade Teacher 220 phones—all of them have to come out of the budget! 1400 Dogwood Elementary School 1300 200 And that’s just the beginning. 1200 180 I thank Junior Achievement for instilling in me, 1100 S C H 160 and thousands of other students, the tools we need 1000 ( ) 900 140 to be prepared for the competitive world in front 280 800 of us. Because of your commitment, we have every 120 700 260 reason to be excited. Junior Achievement has helped 600 100 240 me feel prepared to overcome the challenges ahead 500 80 and reach my financial goals.” 400 220 300 60 James Joo 200 200 40 9th Grade 100 180 W.T. Woodson High School 20 0 160 04 05 06 07 08 09 10 0 140 04 05 06 07 08 09 10 F A V 120 C 100 “I enjoy teaching the students and I love seeing S S 1 Leadership’s Message their bright eyes, smiles, and curious minds 80 ( ) 2 Student Competitions absorb business knowledge. It is always sad 60 45 3 Superintendents’ Perspective ending a JA program because as a volunteer 40 4 Junior Achievement Programs you build strong relationships in such a short 40 time that it just breaks your heart. In pretty 20 6 Junior Achievement Finance Park 35 much all my JA classes that I have taught the 0 7 Volunteers kids embraced me as one of their own—even 04 05 06 07 08 09 10 30 10 In-School Sites at times crying when I told them it was my 11 After-School Sites last day. I love the thank you cards. I keep the 25 12 Donors cards in a special memory chest so when I am old and gray I can take a look at those thank 20 16 Washington Business Hall of Fame you cards and truly cherish the memories.” 17 Junior Achievement Bowl 15 18 Volunteer Organizations Robert Zagorski Microbiologist 10 20 Board of Directors United States Department of the Army 21 Financials 5 0 04 05 06 07 08 09 10 Leadership’s Message To our Junior Achievement Community: Edward J. Grenier III President and CEO We bring this annual report to you with confidence from solid accomplishments Junior Achievement of the and high anticipation for academic excellence in the year ahead. National Capital Area Accomplishments. Despite the tough economic climate, we are pleased to report that over 2,000 adult role models impacted the lives of over 36,000 youth in Greater Washington. We are also proud of completing our Finance Park facility, a milestone for Junior Achievement that demonstrates our deep commitment to our region’s young people. Anticipation. is coming year Junior Achievement will provide hands-on, personal budgeting training to over 14,000 students through the JA Finance Park curriculum and simulation. We are also committed to helping more students throughout Greater Washington develop the work-related life skills necessary to compete in the global economy. Gary H. Tabach Academic Excellence. Junior Achievement occupies the unique position as the Chair, Board of Directors worldwide leader in youth financial education. Students completing Junior Junior Achievement of the Achievement programs understand how to manage their financial future. National Capital Area And teachers and faculty agree that JA programs help prepare their students Southeast Regional Managing Partner for the world of work. Deloitte & Touche LLP Your belief in and commitment to the youth of Greater Washington enables Junior Achievement to continue its leadership role in work readiness, entrepreneurship and financial literacy education. You make our work possible. workank you! readiness entrepreneurship J A • A R financial literacy Student Competitions Y E Y® just 16 when she was struck by a car while bicycling to work. from previous years are posted online at www.myJA.org/ During the five days she spent in the hospital before her students/essay/. In June, Junior Achievement and Ernst & Young, LLP death, Codi’s friends came to understand the fear and proudly presented Wendy Cai and Kristy Choi with the 2009 Junior Achievement Essay Competition Student Winners sadness that come with having a youth hospitalized. 2010 Youth Entrepreneur of the Year Award during the Scott S. Yu, 12th Grade, Montgomery Blair High School, Silver Spring, MD Wendy and Kristy began Codi’s Hats out of compassion Madeline M. Alpert, 12th Grade, Walt Whitman High School, Bethesda, MD Ernst & Young Entrepreneur of the Year Greater Washington for the suffering of others and the belief that the joy of Steven J. Goldberg, 10th Grade, Walt Whitman High School, Bethesda, MD Awards Gala at the Ritz Carlton in Tysons Corner. charity could help them heal. Katrina L. Hauprich, 11th Grade, Paint Branch High School, Burtonsville, MD Jane E. Kessner, 12th Grade, Walt Whitman High School, Bethesda, MD In the past year, the organization has mobilized over 200 Maya I. Krishnan, 12th Grade, Richard Montgomery High School, Rockville, MD Mica L. Moore, 12th Grade, omas Jefferson High School for Science and volunteers to create kid-friendly, safe, creative, and quality Technology, Alexandria, VA head coverings for children fighting cancer and other serious Caroline B. Sherrard, 12th Grade, Walt Whitman High School, Bethesda, MD life-threatening illnesses. ey then donate the hats to Wilbur E. Shirley, 11th Grade, Richard Montgomery High School, Rockville, MD hospitals and treatment centers across the U.S. Wendy and Luke M. Smith, 12th Grade, omas S. Wootton High School, Rockville, MD 2009 Junior Achievement Essay Competition School Winners Kristy are now seniors at Richard Montgomery High School Benjamin Banneker Academic High School, Washington, DC in Rockville, MD. Paint Branch High School, Burtonsville, MD Stone Bridge High School, Ashburn, VA Junior Achievement and Ernst & Young congratulate these young entrepreneurs on their success. J A E C In fall 2009, Junior Achievement of the National Capital Area and David M. Rubenstein, Co-Founder and Managing Director of e Carlyle Group, held an essay competition on the topic “How can Greater Washington Companies Responsibly and Effectively Deal with the Economic Challenges Facing the United States?” A panel of independent judges carefully reviewed the students’ 2010 Youth Entrepreneurs of the Year Wendy Cai and Kristy Choi with Ernst & Young LLP Greater essays and chose ten winners, with one first place essay Washington Managing Partner and JA Board Chair-Elect, Kevin Virostek (left) and Junior Achievement and nine runners-up. Chief Operating Officer Amy Marcenaro Heckman (right). Credit: Freed Photography Out of the distinguished group of winners, Scott S. Yu’s essay Each year, the award recognizes an area high school student was chosen as the first place winner, for which he received a who embodies the entrepreneurial spirit promoted by JA $20,000 scholarship. Each of the nine runners-up received and who demonstrates the ability to successfully launch and a $10,000 scholarship. In addition, the school with the manage a business. greatest number of eligible applicants in each of Maryland, Wendy, 16, and Kristy, 17, were honored for founding Codi’s Virginia, and Washington, DC received a $6,000 grant. Hats (www.codishats.org), a non-profit organization that In spring 2010, David M. Rubenstein announced the topic creates and provides hats to children staying at hospitals Front row from left: Junior Achievement President & CEO Ed Grenier, Maya I. for the 2010 Junior Achievement Essay Competition, Krishnan, Caroline B. Sherrard, first place winner Scott S. Yu, Mica L. Moore, and treatment centers. e two founded Codi’s Hats in 2009 “What can the Greater Washington business community and competition sponsor David M. Rubenstein. Middle row: Steven J. Goldberg, in loving memory of their friend Codi Alexander, who was Jane E. Kessner, and Madeline M. Alpert. Back row: Luke M. Smith, Wilbur E. learn from today’s high school students?” e winning essays Shirley, and Katrina L. Hauprich. W R • E • F L Superintendents’ Perspective Dr. Jack D. Dale “We appreciate Junior Achievement Superintendent programs as valuable resources for Fairfax County Public Schools teaching our students entrepreneurial skills and preparing them for an increasingly Dr. William R. Hite, Jr. competitive workplace. Junior Achievement Superintendent programs support standards of learning, Prince George’s County Public Schools can be integrated into curricula, and give Sr. Bernadette McManigal students an opportunity for practical Superintendent of Catholic Schools applications of business and economic Diocese of Arlington concepts. As superintendents, we strongly Dr. Patrick Murphy support Junior Achievement and the Superintendent programs that it provides.” Arlington County Public Schools Ms. Michelle Rhee Chancellor District of Columbia Public Schools Dr. Morton Sherman Superintendent Alexandria City Public Schools Dr. Jerry Weast Superintendent Montgomery County Public Schools Dr. Patricia Weitzel-O’Neill Former Superintendent of Catholic Schools Archdiocese of Washington, DC Junior Achievement • Annual Report 2010 3 Programs Junior Achievement uses hands-on experiences to help young people understand the economics of life. In partnership with business and educators, Junior Achievement brings the real world to students, opening their minds to their potential.