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
Mission

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
Leadership
CEO/Executive Director Jeremy Race
Board Chair Matthew Cambi
Board Chair Company Affiliation PwC
Financial Summary
Revenue vs Expenses Bar Graph - All Years
Statements
Mission

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.
Impact

Last year, JA reached more than 47,000 young people in its Connecticut territory with programs delivered by business and community volunteers at no charge to participating schools/organizations. More than 3,000 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 has developed intensive programs including JA Entrepreneurial Academy, an afterschool program for high school students in which students form their own company; JA Career Connections for Young Women, a conference and afterschool program which inspires teenage girls to focus on careers and financial responsibility; JA Career Walk, a day-long program where students receive an inside look at the local businesses in their community; and JA Day in Banking, a half day-long program where students visit a bank, learn about the industry, and meet with bank executives.

For the last three years, JA has received the highly coveted 5-Star Award from JA USA which recognizes area JA offices for the quality of their programs, overall management effectiveness, and fiscal solvency. The Institute of Financial Literacy selected JA as its 2018 “Organization of the Year.”

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.
CEO Statement
2017-18 was another incredible year for Junior Achievement of Southwest New England:
  • Served 45,321 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). 
  • Delivered specialty programs to nearly 4,000 students. 
  • Successfully launched 26 student-run businesses through the JA Company program. 
  • Awarded the prestigious 5-Star Award from JA USA for the 3rd consecutive year - presented to JA offices that demonstrate program growth, financial stability and strong management.
Board Chair Statement
During the 2017-18 school year, JA delivered life-changing programs to more than 45,000 students in Connecticut, representing a 31% increase in students reached since 2016.
 
We earned JA USA’s 5-Star Award for the 3rd consecutive year – acknowledgment of JA Areas that demonstrate program growth, financial stability, and strong overall management.
 
But as we often say, it’s not about awards or numbers. We are motivated by the young people who inspire us with their entrepreneurial ideas, their financial know-how, and business acumen. We are inspired by stories of JA alumni who achieve great success as they climb the corporate ladders, yet also actively participate in their communities.
You see, JA is more than just a fun program for students. It’s more than just an opportunity for business men and women to give back by volunteering in a classroom. JA is about making connections for young people with mentors. JA is about bridging the gap between school and world of work. It’s these inspiring connections that help make JA a key player in the realm of economic and community development. It’s these powerful JA experiences that help provide young people with inspired careers.
Connecticut’s economic growth is dependent on organizations like Junior Achievement. Helping to develop the future workforce is a priority that we take seriously, now more than ever.
 
Thank you to all of our wonderful supporters. We continue to inch closer to our goal of reaching 50,000 students by 2020 and it would not be possible without the generosity of our funders, volunteers, educators, board and staff. And though we may measure our short-term success in the number of students we serve. It’s the long-term success of JA alumni and the impact they have on their communities that inspires us.
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.
Bethany
Branford
Cheshire
East Haven
Guilford
Hamden
Lower Naugatuck Valley
Madison
Milford
New Haven
North Branford
North Haven
Orange
Oxford
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, 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.

Students:

  • “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.
Teacher:
  • “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.

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
Experience

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.

Staff
Number of Full Time Staff 13
Number of Part Time Staff 4
Number of Volunteers 2900
Number of Contract Staff 0
Staff Retention Rate 75%
Staff Demographics - Ethnicity
African American/Black 1
Asian American/Pacific Islander 0
Caucasian 13
Hispanic/Latino 1
Native American/American Indian 0
Other 1 Middle Eastern
Staff Demographics - Gender
Male 4
Female 13
Unspecified 0
Former CEOs and Terms
NameTerm
Lou GoldenApr 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
Collaborations

JA needs strong partnerships with schools, businesses, and community organizations in order to deliver its programming. Other collaborations involve non-corporate volunteers, offer special programming to students outside of the traditional classrooms, and provide more intensive experiences. Partnering organizations include numerous chambers of commerce, such as MetroHartford Alliance, Greater New Haven Chamber of Commerce and Manchester Chamber of Commerce; nonprofits, such as Connecticut Science Center and the Bushnell Center for Performing Arts; higher education institutions, such as the University of Hartford, UCONN, Albertus Magnus, and Quinnipiac University; civic organizations, such as HYPE (Hartford Young Professionals and Entrepreneurs), The Junior League of Hartford, and PULSE (Greater New Haven Young Professionals; government agencies, such as the U.S. Navy and U.S. Coast Guard; and professional associations such as NAAIA (National African American Insurance Association) and CoreNet.

Board Chair
Matthew Cambi
Company Affiliation PwC
Term July 2019 to June 2020
Board of Directors
NameAffiliation
Jill AlbertelliPratt & Whitney
Donald Allan Jr.Stanley Black & Decker, Inc.
Francine AustinFrancine's Salon & Day Spa
Thomas BailerExecutive Support Services
Steve BonnellWinona PVD
Steve BroderickStanley Black & Decker
Christine BrombergRobinson & Cole LLP
Jay ButhEversource Energy
Lawrence CarboniWhittlesay
Brian CarillonSantander
Pamela CarpenterTravelers
Jonathan CollettCohn Reznick
Joseph DeSantisDeloitte
Thomas DeVittoBlumShapiro
David Doherty
Christopher Eberly
Anne EvansU.S. Department of Commerce, International Trade Administration
Joseph FarhatCentral Connecticut State University
Paul FoodyWaste Management
Michelle GaleotaSunset Ridge School
Thomas GoetterSimpler Consulting, L.P.
Jason GutcheonProfessional Business Insurers
John GuyWebster Bank
Chris HeylCiDRA Corporate Services
Terrell HillWindsor Public Schools
Matthew HoffmanHoffman Auto Group
Geoff HuntPratt & Whitney
Susan JacksonKPMG LLP
Donna LeckyHealthVenture
Brian LevineBank of America Merrill Lynch
David LoudenFathom
Kenneth McGovernKMR Executive Search LLC
Samuel McKnightRetired
David MercierThe Hartford Steam Boiler Inspection and Insurance Company
Nitin MhatreWebster Bank
Mark NisbettPeople Places & Spaces
Ngozi NnajiAKO Brokerage Services LLC
Celia PetersonAetna
Thomas PhillipsTL Philips Consulting Service
William PiotrowskiLydall
Michael PoloACMT, AdChem Manufacturing Technologies, Inc.
Sean RieglerErnst & Young LLP
David RobinsonThe Hartford
Kelly RomePrudential
Lynn RossiniSaint Francis Foundation
Pamela SawyerAccess Health CT
Robb SchilbergPrime Materials Recovery, Inc.
Wendy SimoncelliIBM
Raymond SpragueNapatree Advisors
Tina St. PierreLandmark Partners, Inc.
Charles SzilagyiBank of America
Bala ThiruDeloitte Consulting
Thomas TrumblePrivate Capital Group, LLC
Dawne Ware
Michele WhiteVOYA
Edward WhittemoreMurtha Cullina LLP
Board Demographics - Ethnicity
African American/Black 7
Asian American/Pacific Islander 2
Caucasian 48
Hispanic/Latino 0
Native American/American Indian 0
Other 0 0
Board Demographics - Gender
Male 40
Female 17
Standing Committees
Audit
Board Governance
Development / Fund Development / Fund Raising / Grant Writing / Major Gifts
Executive
Finance
Investment
Program / Program Planning
Special Events (Golf Tournament, Walk / Run, Silent Auction, Dinner / Gala)
Strategic Planning / Strategic Direction
Additional Boards: Advisory Board Members
NameAffiliation
Helene AugustineWells Fargo
Bo BradstreetBohan & Bradstreet
Gregg BurtonCarmody Torrance Sandak & Hennessey
Stephen CarberyYale New Haven Hospital
Anthony CastellonCitizens Bank
William CreaserChase
Somia FaridEdible Arrangements International, LLC
Dr. Howard FeroAlbertus Magnus College / The Leadership Doc
G. Christopher HeylCiDRA Corporate Services
David KeiserRetired, Alexion Pharmaceuticals
Michael LenkowskiMarcum, LLP
Brian LevineBank of America Merrill Lynch
Joseph LoPrestiEBP Supply Solutions
Susan MartinelliRSM US, LLP
Samuel McKnightRetired, AT&T
Camille MurphyMurphy & Company CPA's, LLC
Matt O'Connor, PhDQuinnipiac University
Susan RapiniSouthern Connecticut State University School of Business
Amy ShahYale Office of International Affairs
Brian WalkerWalker Training & Consulting
 
Financials
Fiscal Year Start July 01 2018
Fiscal Year End June 30 2019
Projected Revenue $2,007,000.00
Projected Expenses $1,985,735.00
Credit Line Yes
Reserve Fund Yes
Documents
Audit Documents
Audit2018
Audit2017
Audit2016
Audit2015
Audit2014
Audit2013
Audit2012
Audit2009
Audit2008
Audit2007
IRS Letter of Exemption
IRS letter
Detailed Financials
Prior Three Years Assets and Liabilities Chart
Fiscal Year201720162015
Total Assets$3,520,651$3,523,211$3,028,673
Current Assets$2,193,221$2,387,481$1,894,258
Long-Term Liabilities$70,960$98,475$78,920
Current Liabilities$308,369$518,914$696,547
Total Net Assets$3,141,322$2,905,822$2,253,206
Prior Three Years Top Three Funding Sources
Fiscal Year201720162015
Top Funding Source & Dollar AmountStanley Black & Decker $135,000United Technologies $243,100United Technologies $245,000
Second Highest Funding Source & Dollar AmountAetna $118,401The Hartford $159,853The Hartford $123,000
Third Highest Funding Source & Dollar AmountThe Hartford $115,040Stanley Black & Decker $130,000Stanley Black & Decker $120,000
Capitial Campaign
Currently in a Capital Campaign? No
Comments
CEO Comments

Last year, JA had a surplus for the tenth consecutive year. This allowed our organization to increase its student reach to more than 45,000 students annually. It has also allowed our organization to build its endowment (investment fund), further securing a strong foundation for continued significant growth.

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. Some financial information from the organization’s IRS Form 990, audited financial statements or other financial documents approved has been inputted by Foundation staff. The Foundation has not audited the organization’s financial statements or tax filings, and makes no representations or warranties thereon. A more complete picture of the organization’s finances can be obtained by viewing the attached 990s and audited financials. 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 Matthew Cambi
Board Chair Company Affiliation PwC

 

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