Junior Achievement of Southwest New England
Junior Achievement of Southwest New England, Inc
70 Farmington Avenue
Hartford CT 06105
Contact Information
Address Junior Achievement of Southwest New England, Inc
70 Farmington Avenue
Hartford, CT 06105-
Telephone (860) 525-4510 x
Fax 860-525-4403
E-mail lgolden@jaconn.org
Web and Social Media
Mission

At JA, we give young people the knowledge and skills they need to own their economic success, plan for their future, and make smart academic and economic choices. Our corporate and community volunteers deliver relevant, hands-on experiences that teach students from kindergarten through high school the basics of financial literacy, workforce readiness and entrepreneurship. JA programs empower students to make a connection between what they learn in school and how it can be applied in the real world and increase their understanding of the value of staying in school.

At A Glance
Year of Incorporation 1951
Organization's type of tax exempt status Public Supported Charity
Organization received a competitive grant from the community foundation in the past five years Yes
Leadership
CEO/Executive Director Louis Golden
Board Chair Christine Bromberg
Board Chair Company Affiliation Robinson & Cole
Financial Summary
 
Projected Revenue $1,869,489.00
Projected Expenses $1,868,078.00
Statements
Mission

At JA, we give young people the knowledge and skills they need to own their economic success, plan for their future, and make smart academic and economic choices. Our corporate and community volunteers deliver relevant, hands-on experiences that teach students from kindergarten through high school the basics of financial literacy, workforce readiness and entrepreneurship. JA programs empower students to make a connection between what they learn in school and how it can be applied in the real world and increase their understanding of the value of staying in school.

Background Hand in hand with caring adults concerned about the future success and economic health of young people and the communities in which they live, Junior Achievement empowers young people to own their future economic success by enhancing the relevancy of education. That’s because JA ignites the spark in students to experience and realize the opportunities and realities of work in a 21st-century global marketplace. Locally, JA serves students in grades K-12 throughout Connecticut, excluding only Fairfield County. Last year, JA reached more than 33,000 young people in its Connecticut territory with programs delivered by business/community volunteers at no charge to participating schools/organizations.
Impact

Last year, JA taught nearly 33,000 students in grades K-12 about business, jobs, and the importance of education for success. During the 2013-14 school year, more than 2,500 volunteers provided JA programs in 49 Connecticut towns, resulting in:

  • Increased student understanding of money, the world of work and the importance of community
  • Increased mentoring relationships provided by caring adults in the community
  • New business and education partnerships that create a bridge between the classroom and the workplace
  • Increased student awareness of local businesses, industries and career opportunities

Recently, JA has added several intensive programs including multiple student conferences at corporations and universities; JA Academy, a 15-week afterschool program for high school students in which students form their own company; and JA Global Connection, a student exchange and business creation partnership with JA China. All JA programs correlate to Connecticut's curriculum standards, which is one of the keys to the organization's success. 

For five of the past seven years, JA has received the highly coveted Summit Award from JA USA which recognizes area JA offices for the quality of their programs, overall management effectiveness and fiscal solvency. In 2007, JA received the Peak Performance Award from JA USA in recognition of student growth, revenue growth, and overall organizational quality.

 
Needs
  1. Volunteers to teach JA programs in K-12 classrooms throughout Connecticut, excluding only Fairfield County.
  2. Funding to support JA programs in K-12 classrooms throughout Connecticut, excluding only Fairfield County.
Service Categories
Primary Organization Category Education / Educational Services
Secondary Organization Category Employment / Job Training
Tertiary Organization Category Youth Development / Youth Development-Business
Areas Served
In a specific U.S. city, cities, state(s) and/or region.
Ansonia
Bethany
Branford
Cheshire
Derby
East Haven
Guilford
Hamden
Lower Naugatuck Valley
Madison
Milford
New Haven
North Branford
North Haven
Orange
Oxford
Seymour
Shelton
Shoreline
Wallingford
West Haven
Woodbridge
Other
JA of Southwest New England, Inc. serves all of Connecticut, except Fairfield County.
Programs
Description
JA programs are FREE to participating schools and teach students in grades K-12 about financial literacy, workforce readiness and entrepreneurship.  Essentially, JA teaches young people to be successful in the real world.
Population Served K-12 (5-19 years) / Poor,Economically Disadvantaged,Indigent / General/Unspecified
Program is linked to organization’s mission and strategy Yes
Short Term SuccessHelpOrganizations describe near term achievement(s) or improvement(s) that will result from this program. This may represent immediate outcomes occurring as a result of the end of a session or service.
Three year average:

1. The JA program enhanced the students' problem-solving skills.
94%
2. The JA program increased students' knowledge of financial literacy and basic business concepts.
95%
3. Because of the JA program, the students are better prepared for the future workforce.
86%
Long Term SuccessHelpOrganizations describe the ultimate change(s) that will result from this program. This may be far into the future and represent an ideal state.

According to the 2010 Junior Achievement Retrospective Survey:

  • 92% of JA alumni surveyed stated that JA positively affected their future
  • 84% credit JA with helping them identify their future career paths
  • 67% stated that JA made them realize the importance of staying in school
  • 58% indicated that JA enabled them to connect what they learned in the classroom to real life
Program Success Monitored ByHelpOrganizations describe the tools used to measure or track program impact.
Upon completion of the proposed project, JA will evaluate the following:
 
Teacher and volunteer consultant surveys solicited from every participant to evaluate Junior Achievement programming.
 
Pre- and post-tests administered to students prior to and after JA programming to assess knowledge gain and attitudinal changes.

Program results are reported to funding sources at the end of each program year, and more often if requested. 
Examples of Program SuccessHelpOrganization's site specific examples of changes in clients' behaviors or testimonies of client's changes to demonstrate program success. In the words of a recent student from Hartford’s Pathways to Technology High School who experienced a JA program last year:

 “In JA, I learned the difference between ‘using’ and ‘abusing’ credit cards and how I need to live below my limits and manage my money responsibly…When I’m old enough I want to buy a house and [JA] gave me the knowledge I need to make sure I have good credit and will not be tempted to borrow irresponsibly."

CEO/Executive Director
Louis Golden
Term Start Apr 2002
Email lgolden@jaconn.org
Staff
Number of Full Time Staff 14
Number of Part Time Staff 1
Number of Volunteers 2500
Staff Retention Rate 100%
Staff Demographics - Ethnicity
African American/Black 3
Asian American/Pacific Islander 0
Caucasian 11
Hispanic/Latino 0
Native American/American Indian 0
Other 1 Middle Eastern
Staff Demographics - Gender
Male 3
Female 12
Unspecified 0
Senior Staff
Title Vice President, Special Events
Title Chief Administrative Officer
Title Vice President, Development
Formal Evaluations
CEO Formal Evaluation Yes
CEO/Executive Formal Evaluation Frequency Annually
Senior Management Formal Evaluation Yes
Senior Management Formal Evaluation Frequency Semi-Annually
Non Management Formal Evaluation Yes
Non Management Formal Evaluation Frequency Semi-Annually
Board Chair
Christine Bromberg
Company Affiliation Robinson & Cole
Term July 2014 to June 2016
Board of Directors
NameAffiliation
Jill Albertelli Pratt & Whitney
Gregory Alcorn Carrier Corporation
Don Allan Stanley Black&Decker
Marc Andrukiewicz Yankee Gas
Francine Austin Francine's Salon & Day Spa
Thomas Bailer Executive Support Service, LLC
Steven Bonnell RSCC Wire & Cable LLC
Scott Boutin
Larry Brown Horton International LLC
Sharon Burns Walmart
Matt Cambi PWC
Sherry Ann Coelho Prudential Financial
Joseph DeSantis Deloitte
Matthew Desfosses Higher One
Thomas DeVitto BlumShapiro
Patrick Duffany J.H. Cohn LLP
Christopher Eberly ING
Anne Evans U.S. Department of Commerce
Thomas Ferreira McGladrey & Pullen
Paul Foody Community Volunteer
Allison Fresher Bank of America
Thomas Goetter Simpler Consulting
Jason Gutcheon Professional Business Insurers
John Guy Webster Bank
Terrell Hill
Susan Jackson KPMG
Kenneth James Travelers
David Louden Fathom
Brendan Lynch Retired, Travelers Life & Annuity
Ilene Malina Farmington Bank
Hugh Manke Updike,Kelly & Spellacy, PC
Samuel McKnight Retired, AT&T
David Mercier
Venkata Natarajan Prudential
Laura Nigro
Paul Pendergast
Thomas Phillips Capital Workforce Partners
Michael Polo ACMT, AdChem Manufacturing
William Reis Connecticut Natural Gas
Sean Riegler Ernst & Young
Jennifer Rizzotti
Lynn Rossini Saint Francis Foundation
William Samuelson People's United Bank
Pamela Sawyer State Representative, 55th District
Wendy Simoncelli IBM
Paul Singer
Amy Span Wergeles Henkel of America, Inc.
Ray Sprague The Hartford
Bala Thiru Accenture
Thomas Trumble Private Capital Group, LLC
Michelle Vigue East Hartford Schools
Edward Whittemore Murtha Cullina LLP
Board Demographics - Ethnicity
African American/Black 6
Asian American/Pacific Islander 0
Caucasian 44
Hispanic/Latino 0
Native American/American Indian 0
Other 3 Indian (2) & Other (1)
Board Demographics - Gender
Male 30
Female 14
Unspecified 9
Board Co-Chair
Term July 2012 to June 2014
Standing Committees
Audit
Board Governance
Development / Fund Development / Fund Raising / Grant Writing / Major Gifts
Executive
Finance
Investment
Marketing
Program / Program Planning
Special Events (Golf Tournament, Walk / Run, Silent Auction, Dinner / Gala)
Strategic Planning / Strategic Direction
Additional Board/s Members and Affiliations
NameAffiliation
Edward Bradstreet Bohan & Bradstreet
Sharon Burns
Gregg Burton
Thomas Candrick Carmody & Torrance
Lawrence Carboni
Bill Creaser TD Bank
Matt DesFosses
Beth Higgins
David Keiser Retired, Alexion Pharmaceuticals
David Keiser
Peter Kozodoy
Brian Levine
Joe LoPresti Eastern Bag & Paper
Hugh Manke
Samuel McKnight
James Miller
Helene Robbins
Lynn St. James
Brian Walker Walker & Associates
 
 
Financials
Fiscal Year Start July 01 2014
Fiscal Year End June 30 2015
Projected Revenue $1,869,489.00
Projected Expenses $1,868,078.00
Documents
Form 990s
Form 9902013
Form 9902012
Form 9902011
Form 9902010
Form 9902009
Form 9902008
Form 9902007
Audit Documents
Audit2013
Audit2012
Audit2009
Audit2008
Audit2007
IRS Letter of Exemption
IRS letter
Detailed Financials
Prior Three Years Revenue Sources ChartHelpThe financial analysis involves a comparison of the IRS Form 990 and the audit report (when available) and revenue sources may not sum to total based on reconciliation differences. Revenue from foundations and corporations may include individual contributions when not itemized separately.
Fiscal Year201320122011
Foundation and
Corporation Contributions
$1,214,622$1,045,029$893,806
Government Contributions$0$0$0
Federal------
State------
Local------
Unspecified------
Individual Contributions$57,599$48,690$35,327
------
--$10,000$15,000
Investment Income, Net of Losses$14,398$12,115$12,305
Membership Dues------
Special Events$663,038$426,601$330,300
Revenue In-Kind------
Other($90,671)($72,897)($25,008)
Prior Three Years Expense Allocations Chart
Fiscal Year201320122011
Program Expense$944,126$900,578$836,704
Administration Expense$268,031$176,760$152,345
Fundraising Expense$314,012$210,381$189,490
Payments to Affiliates------
Total Revenue/Total Expenses1.221.141.07
Program Expense/Total Expenses62%70%71%
Fundraising Expense/Contributed Revenue16%14%15%
Prior Three Years Assets and Liabilities Chart
Fiscal Year201320122011
Total Assets$2,002,834$1,534,997$1,306,696
Current Assets$1,326,578$955,943$755,617
Long-Term Liabilities------
Current Liabilities$305,045$247,167$207,866
Total Net Assets$1,697,789$1,287,830$1,098,830
Prior Three Years Top Three Funding Sources
Fiscal Year201320122011
Top Funding Source & Dollar AmountThe Hartford $85,000Travelers $100,000Travelers Foundation $100,000
Second Highest Funding Source & Dollar AmountWebster Bank $57,000United Technologies $100,000TD Charitable Foundation $69,500
Third Highest Funding Source & Dollar AmountBank of America $56,915The Hartford $71,000Hartford Financial Services Group $50,000
Solvency
Short Term Solvency
Fiscal Year201320122011
Current Ratio: Current Assets/Current Liabilities4.353.873.64
Long Term Solvency
Fiscal Year201320122011
Long-Term Liabilities/Total Assets0%0%0%
Capitial Campaign
Currently in a Capital Campaign? No
Comments
CEO Comments

Last year, JA had a surplus for the fifth consecutive year.  This allowed our organization to hire two new staff and also develop longer duration programs.  JA hopes to continue this growth with additional surpluses in years to come.

Foundation Staff Comments

This profile, including the financial summaries prepared and submitted by the organization based on its own independent and/or internal audit processes and regulatory submissions, has been read by the Foundation. Financial information is inputted by Foundation staff directly from the organization’s IRS Form 990, audited financial statements or other financial documents approved by the nonprofit’s board. The Foundation has not audited the organization’s financial statements or tax filings, and makes no representations or warranties thereon. The Community Foundation is continuing to receive information submitted by the organization and may periodically update the organization’s profile to reflect the most current financial and other information available. The organization has completed the fields required by The Community Foundation and updated their profile in the last year. To see if the organization has received a competitive grant from The Community Foundation in the last five years, please go to the General Information Tab of the profile.

Address Junior Achievement of Southwest New England, Inc
70 Farmington Avenue
Hartford, CT 06105
Primary Phone 860 525-4510
Contact Email lgolden@jaconn.org
CEO/Executive Director Louis Golden
Board Chair Christine Bromberg
Board Chair Company Affiliation Robinson & Cole

 

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