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 jrace@jaconn.org
Web and Social Media
JA Volunteer with Students

At Junior Achievement, 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 business 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, increasing 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
CEO/Executive Director Jeremy Race
Board Chair Raymond J. Sprague
Board Chair Company Affiliation The Hartford
Financial Summary
Revenue vs Expenses Bar Graph - All Years

At Junior Achievement, 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 business 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, increasing their understanding of the value of staying in school.

Background JA of Southwest New England’s origins date back to 1951, with the creation of a Hartford-based Junior Achievement organization. Today, JA of Southwest New England serves students in seven Connecticut counties (all but Fairfield County). 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. JA ignites the spark in students to experience and realize the opportunities and realities of work in a 21st-century global marketplace.

Last year, JA reached more than 43,000 young people in its Connecticut territory with programs delivered by business/community volunteers at no charge to participating schools/organizations 2,700 volunteers shared their talents and business experience in the classroom. All JA programs correlate to Connecticut's curriculum standards, which is one of the keys to the organization's success. These programs result in:

  • Increased student understanding of money, the world of work, and the importance of community.
  • Increased student understanding of money, the world of work, and the importance of community.
  • Increase 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.

In addition to the longstanding JA Company Program, JA continues to add more intensive programs including the JA Entrepreneurial Academy, a 15-week afterschool program for high school students in which students form their own company; JA Career Connections for Young Women, a conference and an 11-week afterschool program which prepares and inspires teenage girls to focus on careers and financial responsibility; and JA Career Walk, a day-long program where students receive an inside look at the local businesses in their community.  

For the 2015-16 school year, JA of Southwest New England received the 5 Star Award from Junior Achievement USA. The award recognizes JA areas that meet JA USA’s operational standards for compliance, student impact, operational efficiency, financial stability, and sustainability.

  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.
CEO Statement
2015-16 was an incredible year for Junior Achievement of Southwest New England:
  • Served 39,915 students in grades K-12 through our core in-school, afterschool, and out-of-school intensive programming (this included more than 6,000 students in Hartford; 3,000 in New Britain; 3,000 in New Haven, and 3,000 in Waterbury)
  • Delivered specialty programs to nearly 1,000 students
  • Successfully launched 11 student-run businesses through the JA Company program
  • Student company from JA Entrepreneurial Academy at Stanley Black & Decker qualified and competed in JA USA National Leadership Summit in Washington, D.C. 
  • Hosted 20 high school students from Shanghai, China through our one-of-a-kind JA Global Connection program
  • Awarded the prestigious 5-Star Award from JA USA - presented to JA offices that demonstrate program growth, financial stability and strong management
  • 15.18% student growth (year over year), compared national average of 2.96%
  • 16th fastest growing area n the U.S. (up from 37th in FY15)
  • 15.69% growth in instructional contact hours, compared to national average of 6.5%
  • 9.42% of student market served (up from 7.95% in FY15), compared to national average of 9.01%
Board Chair Statement
By every measure, 2015-16 was a record year. We served the most students in the history of our organization, nearly 40,000, thanks to the efforts of JA's incredible staff, board, donors, classroom volunteers, teachers and community partners. 
Not only did our student reach expand exponentially, but so did the amount of time (instructional contact hours) we spent with JA students. As compared to 108 other JA offices throughout the U.S., JA of Southwest New England continues to tout strong results. 
Our impact in this community has never been stronger, but the numbers only tell part of our story. Most importantly, we are changing the lives of young people in this region, empowering them to  own their economic success through experiential programs that teach them to better understand the intricacies of financial literacy, work readiness and entrepreneurship. According to a recent JA alumnus, " Junior Achievement became my foundation. I wouldn't be where I am today without Junior Achievement... I will be successful and anyone who believes in the power of Junior Achievement knows that they can help other students like me find their path." 
It's powerful testimonials like this that should remind each of us, JA staff and supporters, why we do what we do - student impact.
Thank you to all of our community partners. We are building a strong foundation that is only made possible thanks to the generosity of JA's donors and volunteers. Our goal is to annually serve 50,000 students by 2020. And with your commitment to Junior Achievement, we are confident this goal is achievable.  
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.
East Haven
Lower Naugatuck Valley
New Haven
North Branford
North Haven
West Haven
JA of Southwest New England, Inc. serves all of Connecticut, except Fairfield County.
JA programs are FREE to participating schools and teach students in grades K-12 about financial literacy, work readiness and entrepreneurship.  Essentially, JA teaches young people to be successful in the real world. JA's costs for each program are approximately $52 per student.
Population Served K-12 (5-19 years) / Poor,Economically Disadvantaged,Indigent / General/Unspecified
Program is linked to organization’s mission and strategy Yes
Program is frequently assessed based on predetermined program goals 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:

  • The JA program enhanced the students' problem solving skills: 94%.
  • The JA program increased students' knowledge of financial literacy and basic business concepts: 95%.
  • 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 a recent 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.

JA will determine the impact of its programs on its students with several evaluation tools. These tools measure the following: (1) students’ knowledge gain and attitudinal change; (2) teachers’ assessment of program effectiveness; and (3) volunteers’ assessment of program effectiveness. With the teachers help, JA administers pre- and post-tests to participating students to assess knowledge gain and attitudinal changes. JA also asks participating teachers to assess their students' knowledge gain in the three content areas of financial literacy, work readiness, and entrepreneurship.

After programs, teachers and volunteers complete brief surveys to assess their experiences and are invited to share feedback with JA staff. The volunteers also report back on the number of lessons that they complete and how many students they taught.
Examples of Program SuccessHelpOrganization's site specific examples of changes in clients' behaviors or testimonies of client's changes to demonstrate program success.


  • “My favorite thing I learned during JA was how to manage money, how to run a business with the right employees, and how important it is to get a job and an education,” 5th grade student.
  • “You teach us how to be something in life and have a business and community. You taught us about regions and companies and insurance,” 4th grade student.
  • “I would like to say that the people who spent the day in my room were lovely! They were kind, attentive, and enthusiastic! The students loved them!” teacher discussing the volunteer.


  • "It was the best day I've had in months. Just wonderful, inquisitive children that I miss already. Hoping to be able to go back to the same school next year to see "my" kids."

JA Student Impact Story:

Josslyn, a 10th grade student in New Britain, participated in JA programs each year consecutively from sixth through eighth grade. She was enrolled in a citywide dropout prevention program called Graduation Odyssey, and JA became an integral part of the program’s curriculum.

As an active participant in JA programs each year, JA invited her to speak at the 10th annual Partners in Achievement Breakfast in Hartford. In front of more than 400 guests, Josslyn gave a moving testimonial about her experience and how being involved in JA programs helped her to realize her potential and to set goals for her future success. She ended by stating emphatically, “Thanks to JA…I will graduate high school. I will attend college. I will be successful.” This truly demonstrates the power of Junior Achievement.

In 2015, Josslyn participated in the first ever JA Career Connections for Young Women (JACC) in Hartford. The intensive 12-week afterschool program prepares and inspires teenage girls, including Josslyn, to focus on careers, professional goals, and financial responsibility.

CEO/Executive Director
Jeremy Race
Term Start July 2016
Email jrace@jaconn.org

Jeremy Race, M.Ed., President and CEO, is responsible for the organization's overall strategic planning, fundraising, and key community partnerships. Mr. Race joined JA in 2002 as Program Manager and later became Director of Development, then Vice President, Development, and then Chief Operating Officer. In his current role, he manages two board committees and works closely with more than 500 funders and key stakeholders throughout seven Connecticut counties. In 2011, Mr. Race was presented with the Rising Star Award from JA USA.

Number of Full Time Staff 13
Number of Part Time Staff 3
Number of Volunteers 2700
Number of Contract Staff 2
Staff Retention Rate 75%
Staff Demographics - Ethnicity
African American/Black 2
Asian American/Pacific Islander 1
Caucasian 12
Hispanic/Latino 0
Native American/American Indian 0
Other 1 Middle Eastern
Staff Demographics - Gender
Male 3
Female 13
Unspecified 0
Former CEOs and Terms
Lou Golden Apr 2002 - July 2016
Senior Staff
Title Chief Administrative Officer
Formal Evaluations
CEO Formal Evaluation Yes
CEO/Executive Formal Evaluation Frequency Annually
Senior Management Formal Evaluation Yes
Senior Management Formal Evaluation Frequency Bi-Annually
Non Management Formal Evaluation Yes
Non Management Formal Evaluation Frequency Annually

JA could not serve Connecticut students without the support of the community. Partnering organizations include numerous chambers of commerce; nonprofits, such as Connecticut Science Center, the Bushnell Center for Performing Arts, and the University of Hartford; civic organizations, such as HYPE (Hartford Young Professionals and Entrepreneurs), Junior League of Hartford, LUPA (Latinos United for Professional Advancement), and PULSE; and government agencies such as the U.S. Navy and U.S. Coast Guard.

Board Chair
Raymond J. Sprague
Company Affiliation The Hartford
Term July 2016 to June 2017
Board of Directors
Jill Albertelli Pratt & Whitney
Donald Allan Jr.Stanley Black & Decker, Inc.
Francine Austin Francine's Salon & Day Spa
Thomas Bailer Executive Support Services
Steve Bonnell
Scott Boutin MetLife
Christine Bromberg Robinson & Cole LLP
Charles Bunnell Mohegan Trible Nation
Sharon Burns Walmart
Jay Buth Eversource Energy
Matthew Cambi PwC
Lawrence Carboni Whittlesay
Pamela Carpenter Travelers
Sherry Ann Coelho Prudential Retirement
Joseph DeSantis Deloitte
Matthew Desfosses Sun Life Financial
Thomas DeVitto BlumShapiro
David Doherty
Chris Eberly
Anne Evans U.S. Department of Commerce, International Trade Administration
Glynis Fitzgerald Central Connecticut State University
Paul Foody Waste Management
Michelle Galeota East Hartford Schools
Eric Galvin ConnectiCare
Jason Giulietti Connecticut Economic Resource Center
Thomas Goetter Simpler Consulting, L.P.
Jason Gutcheon Professional Business Insurers
John Guy Webster Bank
Chris Heyl CiDRA Corporate Services
Terrell Hill Windsor Public Schools
Matthew Hoffman Hoffman Auto Group
Geoff Hunt UTC Aerospace
Susan Jackson KPMG LLP
Ken James
Peter Kozodoy GEM Advertising
Brian Levine Bank of America Merrill Lynch
David Louden Fathom
Ilene Malina IAM Marketing by Design
Kenneth McGovern
Samuel McKnight Retired
David Mercier The Hartford Steam Boiler Inspection and Insurance Company
Nitin Mhatre Webster Bank
Thomas Phillips TL Philips Consulting Service
Michael Polo ACMT, AdChem Manufacturing Technologies, Inc.
William Reis UIL Holdings Corporation
Sean Riegler Ernst & Young LLP
Lynn Rossini Saint Francis Foundation
Pamela Sawyer Access Health CT
Wendy Simoncelli IBM
Paul Singer GE Industrial Solutions
Charles Szilagyi Bank of America
Bala Thiru Cognizant
Thomas Trumble Private Capital Group, LLC
Dawne Ware
Michele White VOYA
Edward Whittemore Murtha Cullina LLP
Board Demographics - Ethnicity
African American/Black 7
Asian American/Pacific Islander 3
Caucasian 44
Hispanic/Latino 0
Native American/American Indian 0
Other 3 0
Board Demographics - Gender
Male 42
Female 12
Unspecified 3
Standing Committees
Board Governance
Development / Fund Development / Fund Raising / Grant Writing / Major Gifts
Program / Program Planning
Special Events (Golf Tournament, Walk / Run, Silent Auction, Dinner / Gala)
Strategic Planning / Strategic Direction
Additional Board/s Members and Affiliations
Helene Augustine Wells Fargo
Edward Bradstreet Bohan & Bradstreet
Sharon Burns Walmart
Gregg Burton Carmody Torrance Sandak & Hennessey
Stephen Carbery Yale New Haven Hospital
Anthony Castellon Citizens Bank
William Creaser Chase
Matthew DesFosses Sun Life Financial
Dr. Howard Fero Albertus Magnus College / The Leadership Doc
G. Christopher Heyl CiDRA Corporate Services
Beth Higgins BlumShapiro
David Keiser Retired, Alexion Pharmaceuticals
Peter Kozodoy GEM Advertising
Brian Levine Bank of America Merrill Lynch
Joseph LoPresti EBP Supply Solutions
Susan Martinelli RSM US, LLP
Samuel McKnight Retired, AT&T
James Miller Marcum LLP
Ada Myteberi
Amy Shah Yale Office of International Affairs
Lynn St. James Comcast Cable Communications
Brian Walker Walker Training & Consulting
Fiscal Year Start July 01 2017
Fiscal Year End June 30 2018
Projected Revenue $2,017,000.00
Projected Expenses $1,990,571.00
Credit Line Yes
Reserve Fund Yes
Audit Documents
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 Year201620152014
Foundation and
Corporation Contributions
Government Contributions$0$0$0
Individual Contributions$25,023$38,851$37,188
Investment Income, Net of Losses$80$44$45
Membership Dues------
Special Events$426,521$581,625$752,108
Revenue In-Kind------
Prior Three Years Expense Allocations Chart
Fiscal Year201620152014
Program Expense$1,351,402$1,190,418$1,139,152
Administration Expense$531,312$412,171$298,282
Fundraising Expense$248,697$404,947$325,228
Payments to Affiliates------
Total Revenue/Total Expenses1.301.061.14
Program Expense/Total Expenses63%59%65%
Fundraising Expense/Contributed Revenue10%18%15%
Prior Three Years Assets and Liabilities Chart
Fiscal Year201620152014
Total Assets$3,523,211$3,028,673$2,560,567
Current Assets$2,387,481$1,894,258$1,772,188
Long-Term Liabilities$98,475$78,920--
Current Liabilities$518,914$696,547$478,620
Total Net Assets$2,905,822$2,253,206$2,081,947
Prior Three Years Top Three Funding Sources
Fiscal Year201620152014
Top Funding Source & Dollar AmountUnited Technologies $243,100United Technologies $245,000The Hartford $138,800
Second Highest Funding Source & Dollar AmountThe Hartford $159,853The Hartford $123,000United Technologies $115,054
Third Highest Funding Source & Dollar AmountStanley Black & Decker $130,000Stanley Black & Decker $120,000Travelers $101,710
Short Term Solvency
Fiscal Year201620152014
Current Ratio: Current Assets/Current Liabilities4.602.723.70
Long Term Solvency
Fiscal Year201620152014
Long-Term Liabilities/Total Assets3%3%0%
Capitial Campaign
Currently in a Capital Campaign? No
CEO Comments

Last year, JA had a surplus for the ninth 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 jrace@jaconn.org
CEO/Executive Director Jeremy Race
Board Chair Raymond J. Sprague
Board Chair Company Affiliation The Hartford


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