What is the key to
unlocking the future? JUNIOR ACHIEVEMENT OF BRITISH COLUMBIA annual report | 2012 – 2013
In this annual report 4 A lifetime of positive impact 6
What is the key to unlocking the future?
7 Student reach 2012 – 2013 8 Our award winners 10 How do we prepare the next generation of leaders? 13
JABC alumni
14 Royal recognition within the JABC team 15 Our volunteers: bringing real-life business experience into classrooms 16
Business Laureates of British Columbia
20 Donors 26 Financial statements
2 Annual report 2012-2013 Samantha Tennant, recent Company Program participant, Point Grey Secondary, Vancouver.
28
Participating school districts and schools
32
Board of directors
33 Gala dinner and induction ceremonies cabinet 34
Meet the JABC team
35 The JA Worldwide vision
JABC Company of the Year, “Quenched” — Britannia
Community Secondary School, Vancouver
3 The “Quenched” executive team: (L-R) William Situ, Sariah Conor and Rachel Bwishe address the audience at Celebrate JA!
Annual report 2012-2013
A lifetime of positive impact WE’re getting bc youth ready for business Junior Achievement of British Columbia has been providing free business education since 1955. We enlist the services of 800 volunteers each year from business communities around the province, to take time out of their busy worklives and pass along some of their passion about business to our youth. Kids in BC who have participated in a Junior Achievement program are more likely to stay in school, will earn more and are 50% more likely to start a business. We know this because of Boston Consulting Group’s 2011 report on Junior Achievement’s Impact in Canada, which also reported that 75% of Junior Achievers believe JA had a significant impact on their financial literacy and was a critical driver of their work success. Junior Achievement is getting BC youth ready for business in an ever-changing global economy. That’s a positive impact for a lifetime.
4 Annual report 2012-2013 Recent participant in Business Basics: A Business of Our Own.
350 54 58 thousand
districts
years
Youth impacted
Reached
Inspiring the future
The number of JA volunteers who helped inspire BC youth in the last year.
799
The number of BC youth reached by Junior Achievement in the last year alone.
29,281 $
The number of Canadian jobs created each year as a direct result of Junior Achievement.
$45
7,000
The annual return to society on each dollar invested in Junior Achievement.
“When I arrived at the Next Generation Leaders Forum, I finally realized how this experience was going to alter my life. I learned useful and meaningful things, that will not only help me with my business in the future, but will make me a better person.” Bradley Daly — Parkland Secondary School, North Saanich, received a Next Generation Leaders Forum Award from Colliers.
By delivering engaging and effective business education programs to young british columbIANS, Junior Achievement fills the need for financial literacy education in schools.
5 Annual report 2012-2013
What is the key to unlocking the future?
Junior Achievement! What a year! It was filled with excitement and unprecedented accomplishments. Not only are we celebrating the achievement of our highest delivery goals ever, we also moved the needle forward in every aspect of our business, and were overwhelmed by increased commitment from donors, volunteers, the provincial government, community leaders, alumni and teachers.
Casey Forrest, Chair, JABC Board of Directors
We hear, from British Columbians, concerns about our province’s economic future and the readiness of our youth to take on important leadership roles. JABC addresses this head-on. We are uniquely positioned to provide students with the courage, leadership and business skills they will need to succeed in a global economy. Our accomplishments of 2012-13 have set the stage for success. A bold and ambitious new plan to double the number of students we reach by 2018 was approved by the Board of Directors. This plan will extend our reach in communities throughout the province, and pushes us to stretch even higher. Keeping up with new technologies and staying relevant are critical goals for JA. This past year we improved the delivery of key programs with online enhancements that allow students to access learning activities from anywhere in the province. As we grow, our stakeholders can expect JA to continue to reach out through new channels and program delivery models. We are proud of the diversity of students we impact. Since 2008, we have nearly tripled the number of aboriginal students we reach, and we continue to expand our outreach to homeschool groups, the Francophone community, and students who are at risk of failing or dropping out of school. We have introduced scholarships and awards to include all students in BC regardless of their circumstances.
Jan Bell-Irving, President & CEO, JABC
6 Annual report 2012-2013
We introduced a new Award for Oratory and Presentation Skills. The 2012-13 recipients of this award impressed everyone with their visions for success at this year’s Business Laureates of BC Hall of Fame Gala, where they addressed an audience of over 650 business leaders that included His Royal Highness, The Duke of York. One of our proudest accomplishments this year was our engagement of alumni. The newly created Ambassador Club, composed of recent JA graduates, has become an integral part of our stakeholder engagement strategy. As we close this year, we wish a heartfelt thank you to our teachers, volunteers, donors, alumni, staff and Board of Directors for contributing to our success. Thanks to all of you, JA continues to prepare the next generation of business and community leaders, guaranteeing the future success of BC’s economy.
Student reach 2012 – 2013 29,281 students 1,114 classes Elementary School (Grades 3-7) Business Basics Series: Our Business World = 213 classes A Business of Our Own = 74 classes
Middle School (Grades 8-10) Dollars with Sense = 229 classes Economics for Success = 387 classes Investment Strategies = 90 classes
High School (Grades 11 & 12) JA Titan Business Game = 79 classes Company Program In School = 33 classes Company Program After School = 9 classes
287 CLASSES
Elementary School
706 CLASSES
Middle School
121 CLASSES
High School
“JA’s Company Program has taught me to give back to my community and pass my knowledge to others so that they can develop their success and foster their potential. Thank you, Junior Achievement!” sariah conor — Britannia Community Secondary, Vancouver on stage at the 2013 Business Laureates of BC Gala presenting the speech that won her one of four Oratory and Presentation Skills Awards.
Over 75% of Achievers say Junior Achievement was a critical driver of their work success.
7 Annual report 2012-2013
Our award winners Congratulations to our 2012 – 2013 recipients. The students received their awards at our Celebrate JA! events in June. These awards are presented annually to current and past participants of JA Programs thanks to the generosity of our sponsors. Awards for Oratory & Presentation Skills Sponsors: Anonymous, RBC Wealth Management, Teck, TELUS
Winners of the Award for Oratory and Presentation Skills meet HRH, The Duke of York at this year’s Business Laureates of BC Hall of Fame Gala.
Sariah Conor - Britannia Community Secondary, Vancouver Joy Fan - Leonard Stern School of Business, New York University Ryan Tavakol - Simon Fraser University, Burnaby Corey Wong - Sauder School of Business, University of British Columbia
Spring Online Challenge Winners (Titan Business Game) Hon. Naomi Yamamoto, BC Minister of State for Small Business, with recipients of the Keg Foundation Next Generation Leaders Forum Award Jotham Chow, Abby Muscutt and Shirley Guo.
Zack Goldsmith & Kory Kury - Vernon Secondary, Vernon
THE Keg Spirit Foundation Next Generation Leaders Forum Awards Sponsor: The Keg Spirit Foundation Jotham Chow - Stratford Hall, Vancouver Shirley Guo - Richmond Secondary, Richmond Adrienne Henderson - Oak Bay Secondary, Victoria Abby Muscutt - Argyle Secondary, North Vancouver Tom Scinocca - Mount Douglas Secondary, Victoria
Colliers International Next Generation Leaders Forum Award – Victoria Sponsor: Colliers International
8 Annual report 2012-2013
Bradley Daly - Parkland Secondary, North Saanich
Dr. Donald Rix Inspiring Business Excellence Scholarship Sponsor: Rix Family Foundation Rachel Bwishe - Britannia Community Secondary, Vancouver
Scholarship for Entrepreneurial Studies (BCIT) Sponsor: BCIT Peter Thomson Centre for Venture Development Jordan Yep - Pinetree Secondary, Coquitlam
Leadership Awards Leadership Certificates Sariah Conor - Britannia Community Secondary, Vancouver Amy Le - John Oliver Secondary, Vancouver Fiona Lee - Fraser Heights Secondary, Surrey Alice Zhang - Gleneagle Secondary, Coquitlam
Award for Excellence & Leadership Tammy Tsui - Killarney Secondary, Vancouver
CIBC Student Company Awards Sponsor: CIBC
Rachel Bwishe (centre), winner of the Dr. Donald Rix “Inspiring Business Excellence” Scholarship, with Julienne Hills of Coast Capital Savings (L) and Andrew Schofield (R), Vice Principal of Britannia Community Secondary School.
CIBC Student Company of the Year for British Columbia & Outstanding Shareholders’ Report ‘QUENCHED’ - Britannia Community Secondary, Vancouver
Environmental Stewardship
Tammy Tsui of Killarney Secondary in Vancouver, winner of the JABC Award for Excellence & Leadership, speaking on stage at Celebrate JA! in June.
‘Evergreen Eden’ - Burnaby South Secondary ‘WickED’ - Surrey Board of Trade Youth Leaders of Today
Sales Leader of the Year Jason Choi - Lord Byng Secondary, Vancouver
Team Spirit & Cooperation ‘USB+’ - Kerrisdale Community Centre, Vancouver
Best Sales & Marketing Strategy ‘Mochro’ - Metro Vancouver
Creativity & Innovation ‘BOOM’ - Accenture, Vancouver
9 Annual report 2012-2013
How do we prepare the next generation of leaders? BC Business challenge The 15th annual BC Business Challenge brought together 21 student teams from schools across BC for a day of high-powered business gaming. The challenge utilizes JA’s Titan business simulation in which participants respond to changing conditions and compete for market domination. Congratulations to winners in each of three categories, Titan Market (experienced students), Executive Market (some experience) and Entrepreneurs Market (new to the game): Titan Market
West Point Grey Academy Wolves – Vancouver
Executive Market
Georges P. Vanier Secondary Hella Skrilla – Courtenay
Entrepreneurs Market Lambrick Park Secondary Lions – Victoria
Students from Pinetree Secondary in Coquitlam analyze market conditions to develop their strategy for the next stage of the game.
10 Annual report “Wolves” from West Point Grey Academy, Vancouver - Winners of “Titan Market”. 2012-2013
JABC Board Member Kenton Low gets the inside scoop from team “Panthers” of Vernon Secondary School in the middle of the game.
entrepreneurship Junior Achievement has a number of programs that allow students to see and understand the role of business in our society. By collaborating with professional volunteer consultants to design, organize and operate a real business, students experience how a small enterprise functions. Creating an enterprise of their own is a transformational experience for many students who are inspired to explore entrepreneurism as a career goal.
◀
Student-venture companies “Boom”, “WickED” and “YES!” spent a day selling their products at Richmond Centre Mall. All three groups were participating in Junior Achievement’s Company Program.
work readiness Junior Achievement provides students with leadership and problem-solving skills to prepare them for the workforce. Programs encourage students to take a closer look at the advantages of staying in school and how the choices they make can positively impact their future dreams, aspirations and outcomes. JA provides students with the knowledge, attitudes and skills they will need for long-term career success.
◀
Students participating in our Dollars with Sense program at Panorama Ridge Secondary in Surrey are interviewed by a City TV crew who are there to shine a light on Coast Capital Savings’ tremendous support of this highly demanded program.
11 Annual report 2012-2013
FINANCIAL LITERACY Junior Achievement programs give students personal money management skills, challenging them to apply these concepts in their own lives. Activities teach students about effective spending and how to avoid credit and debt pitfalls. By learning how to make better economic decisions, students see how they can successfully manage changes in career and life directions.
Grade 9 students from every school in the Kamloops School District gather at Thompson Rivers University for a full day of JA’s Economics for Success.
▶
Business Basics A Business of Our Own engages elementary-school students in activities to apply their knowledge and skills to a real life situation. Students become the Presidents and CEOs of their very own retail sales business. A Business of Our Own helps students identify key success factors to turn personal and team performance into profit. From start to finish, students set up their retail sales stand, track profits and eventually distribute earnings. This is so much more than your conventional lemonade stand!
12 Annual report 2012-2013
Grade 5 students from the Sk’elep School of Excellence run a car wash business using skills learned in JA’s A Business of Our Own program. The local RCMP came out to support the students and have their vehicles cleaned at this fun and profitable event.
▶
JABC alumni Since 1955 more than 350,000 students have participated in Junior Achievement of British Columbia programs. The memories and experiences the Alumni share capture the very best of Junior Achievement’s exciting record of success. Our JABC Ambassador Club, launched in 2009, invites recent JA graduates to participate as volunteers at events, conferences and tradeshows. This past year, Ambassadors created an Alumni Board with an executive team whose purpose is to grow the club and create alumni events where participants can gather to network with each other and with business leaders in the community.
JABC Ambassadors get the inside track through a visit to Ritchie Brothers Auctioneers Headquarters in Burnaby. The tour was led by Dave Ritchie himself, who shared stories about how they built the world’s largest industrial auction company from a small used furniture store in Kelowna.
70% of Achievers indicate that participation in a JA Canada program had a significant impact on their desire to be an entrepreneur. JABC Ambassadors and current JA students gather at The Business Laureates of BC Hall of Fame (at Vancouver Convention Centre East) to meet Business Laureates Dick Bradshaw, Dave Ritchie, Dr. Ken Spencer, John S. MacDonald, Dr. Norman B. Keevil and Joseph Segal.
13 Annual report 2012-2013
Royal recognition within the JABC team Junior Achievement of British Columbia is proud of the six members of our team who received the Queen’s Diamond Jubilee Medal as recognition for their contributions to our province and country. Created in 2012 to mark the 60th anniversary of Her Majesty Queen Elizabeth II’s accession to the Throne as Queen of Canada, the Queen Elizabeth II Diamond Jubilee Medal was a tangible way for Canada to honour Her Majesty for her service to this country. At the same time, this commemorative medal served to honour significant contributions and achievements by Canadians.
Barbara Brink (Left - JABC Board Member), Jan Bell-Irving (Middle right - JABC President and CEO) and Tim Manning (Far right – JABC Board Past President) receive their medals at a luncheon with special guest, Kevin Falcon (Middle left).
14 Annual report 2012-2013
Diane Dent (Right – JABC Board Member) receives her medal from Acting President of Junior Achievement Canada, Stephen Ashworth (Left).
Brian Phillips (Right – Past Chair, JABC Board of Directors) receives his medal from Tim Manning (Left – JABC Board Past President).
Steve Wilson, former JABC Board Member and Past Chair, displays his Diamond Jubilee Medal with wife, Peggy.
Our volunteers: bringing real-life business experience into classrooms JABC pays tribute to 800 volunteers who taught, mentored and inspired more than 29,000 students this year. Our volunteers bring their own innovative ideas and experience to create memorable lessons for the participants. We are amazed by their passion and ingenuity which help make our programs a tremendous success. Thank you!
“I think everybody in the business community should really think about volunteering for Junior Achievement. It’s great satisfaction to see the kids go through the programs and the children of BC are our future for the business community.”
photo courtesy of the Surrey - North Delta Leader
David Olson — 12 Year JABC Volunteer Director, Commercial Banking at Scotiabank
Ingrid Bos of Coast Capital Savings shares her knowledge with students participating in the Dollars With Sense program at Panorama Ridge Secondary in Surrey.
Junior Achievers are 50% more likely to open their own business which leads to innovation, new jobs, and wealth creation.
15 Annual report 2012-2013
Business Laureates of British Columbia Dr. Norman B. Keevil O.B.C., Ph.D, LL.D. Chairman, Teck Resources Ltd.
Hassan Khosrowshahi O.B.C. Chairman, Persis Group of Companies
Phillips, Hager & North Co-Founders
Hall of Fame The Business Laureates of BC Hall of Fame is an initiative of Junior Achievement of British Columbia, honouring business leaders who have made outstanding contributions to our province. Each year new Laureates are formally inducted at the Gala Dinner and Induction Ceremonies in May.
Gala Dinner & Induction Ceremonies May 16, 2013 This year’s Gala raised over $670,000 to help JABC deliver free business education programs for youth and inspire the next generation of business and community leaders. With the attendance of HRH The Duke of York, the Gala has become an event fit for royalty.
Dick Bradshaw
Bob Hager 1938 - 2011
Presented by:
2013 Laureate Inductees, Dr. Norman Keevil, Dr. Rudy North, Hassan Khosrowshahi, Dick Bradshaw, Judy Hager (accepting on behalf of her late husband, Bob Hager) and John Montalbano (accepting on behalf of the late Art Phillips).
16
Dr. Rudy North C.M., LL.D. CEO, North Growth Management Ltd.
Annual
Art Phillips 1930 – 2013
View their biographical profiles at report 2012-2013 businesslaureatesbc.org
William Westeringh, Managing Partner, Fasken Martineau Co-Presenting Sponsor, with Jan Bell-Irving, President & CEO, JABC.
Gary Laxon, Director, Private Banking, Scotiabank Private Client Group, Co-Presenting Sponsor. Top left photo: His Royal Highness, The Duke of York. Middle left photo: Tony Parsons of CBC News, Emcee. Bottom left photo: (L-R) Barbara Brink, Gala Co-Chair, Jan Bell-Irving, President & CEO, JABC, Casey Forrest, JABC Board Chair and Partner at PFM Executive Search with Frank McKenna, Keynote Speaker.
17 Annual report 2012-2013
Business Laureates of BC Gala Dinner Presenting Sponsors and After Dinner Reception Sponsors $35,000 (L-R) Peter Blake, CEO, Ritchie Bros. Auctioneers and Gala Co-Chair, Judith Guichon, Lieutenant Governor of BC, with Kelly Heed, Vice Chairman, Colliers International.
“The Business Laureates of British Columbia Hall of Fame, created by Junior Achievement British Columbia, provides a platform to recognize those leaders in the community who have not only achieved success in business, but more importantly, have provided strong leadership in their community and mentored young entrepreneurs and professionals to help them achieve their own goals. As the representative of Her Majesty The Queen and on behalf of the people of British Columbia, congratulations to the 2013 inductees. Thank you for your continued leadership in the community.”
18
The Honourable Judith Guichon, OBC — Lieutenant Governor of British Columbia
Annual report 2012-2013
Laureate Champion Sponsor $25,000 The Jim Pattison Group
Laureate Selection Sponsor $25,000 PFM Executive Search
Student Awards Sponsors $25,000 Anonymous RBC Wealth Management
Teck Resources Limited TELUS
Speaker Sponsor $20,000
reception sponsor $20,000
CN
Wesbild Holdings Limited
evening production sponsor $20,000 Canaccord Financial Inc.
platinum sponsors $10,000 Austeville Properties Ltd. Blakes Boston Pizza International Inc. CIBC Clark Wilson LLP
Deans Knight Capital Management Ltd. Deloitte Enbridge Inc. Encana Corporation The Keg Restaurants Ltd.
Kingswood Capital Corporation MCL Motor Cars Phillips, Hager & North Investment Management Polygon Homes Ltd.
Ritchie Bros. Auctioneers Inc. TD Bank Group West Fraser Timber Co. Ltd.
Cushman & Wakefield Ltd. GoldCorp Incorporated HSBC Bank Canada
Port Metro Vancouver PricewaterhouseCoopers LLP RBC Royal Bank
RBC Wealth Management - PH&N Investment Counsel Spencer Creo Foundation
BMO Bank of Montreal Canfor Corporation Capilano Suspension Bridge Colliers International Farris, Vaughan, Wills & Murphy
Finning International Inc. International Forest Products Limited KPMG LLP Peter B. Gustavson School of Business - University of Victoria
RBC Capital Markets Sauder School of Business, UBC Vancouver Airport Authority Wesbild Holdings Ltd.
gold sponsors $8,000 BCLC Best Buy Canada Coast Capital Savings Credit Union
silver sponsors $6,000 Accenture BC Lions Football Club Beedie Development Group Belkorp Industries Inc. Black Press Group Ltd.
media Sponsors BC Business Magazine CBC British Columbia
wine sponsor Quails’ Gate Winery
production sponsor Oh Boy Productions
Laureate tables The Province The Vancouver Sun
Times Colonist
Paul Balfour Dick F. Bradshaw Judy Hager John Montalbano Rudy North
Peter O’Sullivan Phillips, Hager & North Investment Management Teck Resources Limited
19 Annual report 2012-2013
Donors Junior Achievement’s funding partners have a lasting impact on BC’s youth. JA programs can only be delivered free to students and schools with the investment of generous donors. Thank you for your support.
CORPORATE, FOUNDATIONS, COMMUNITY AND GOVERNMENT The following list represents contributions to JABC made between July 1, 2012 and June 30, 2013. Their generosity allowed more than 29,000 students to participate in our business education programs during the 2012-13 school year.
CHAIRMAN’S CIRCLE $250,000 +
20 Annual report A JABC volunteer shares his experience in the classroom. 2012-2013
President’s Club $100,000 – $249,999
MAJOR investors $50,000 – $99,999
investors $25,000 – $49,999 Chartered Professional Accountants CIBC Djavad Mowafaghian Foundation
Great-West Life HSBC Bank Canada TELUS
Senior PartnerS $10,000 – $24,999 Accenture Austeville Properties Ltd. BC Hydro Colliers International Deloitte & Touche Foundation Canada Economical Insurance
Grant Thornton LLP Prospera Credit Union Scotiabank Group TD Bank Group Teekay Corporation
Partners $5,000 – $9,999 Blakes BMO Bank of Montreal Intergulf Investment Corporation
National Money Mart Company TELUS Victoria Community Board WorkSafe BC
Students and teachers from Panorama Ridge Secondary in Surrey help JABC accept a huge cheque for $135,000.00 from Coast Capital Savings, our presenting sponsor for the Dollars with Sense program in BC.
students who participate in junior achievement programs earn more, start more businesses, and help create more jobs.
21 Annual report 2012-2013
Entrepreneurs $1,000 – $4,999 ADP Canada Connor, Clark & Lunn Financial Group CSI Global Education Inc. Duncan Sabine Collyer Partners LLP ELM Foundation Foxhill Incorporated GE Kamloops Foundation MacDonald, Dettwiler and Associates Ltd.
Marin Investments Norco Products Ltd. NWM Private Giving Foundation Prodigy Group Rotary Club of Kamloops Daybreak Sage Stern Partners Inc. TWG Canada West Vancouver Community Foundation
Shareholders $100 – $999
22 Annual report 2012-2013 JABC volunteers teach Economics for Success.
A.B.C. Recycling Ltd. Am-Pri Construction Ltd. Auld Phillips Ltd. Canadian Supply Chain Sector Council Central Okanagan Foundation City of Langford Dorigo Systems Ltd. Fraser Valley Steel & Wire Ltd. Fred Deeley Imports Ltd. Garnett Capital Corporation Heartwood Manufacturing Ltd. Ivanplats Ltd.
J N Burnett Secondary Lepik Construction Ltd. London Drugs Ltd. Mercury Launch & Tug Ltd. Michael O’Brian Family Foundation Norjay Services Ltd. Park Shore Motors Ltd. Ritchie W. McCloy Award Fund Russell Food Equipment Limited Strategic Charitable Giving Foundation Thomas Pride Canada Ltd. Vector Engineering Services Ltd.
INDIVIDUALS PARTNERs $5,000 – $9,999 David R. Bain
Wilfred Landry
Robert H. Lee
Entrepreneurs $1,000 – $4,999 Casey Forrest Janis Hamilton Lois Nahirney
Brian Phillips United Way - Anonymous Donors
Keith Watson Darrell J. Wickstrom
SHAREHOLDERS $100 – $999 Dr. James L. Armstrong Siobhan Aspinall Bruce Aunger Rattan Bagga D.H. Bell Irving Jan Bell-Irving Brenda Benham Barbara Brink Haji Charania Cindy Choi Diane Dent Gavin Dew Mandeep Dhaliwal Robin Dhir Colin Erb
Gulshan Goyal Glen Helmlinger Lynne Henshaw Jack Hooper George Hungerford Barb Jones John C. Kerr Michael L. Lee Phil Lehn Kenton Low Carole MacFarlane Tim Manning Dan McLaren Roderick McLean Steve McLean
Michael Moretto July Ono Victoria Pang Rick Peterson Bob Rai Shelley Rogers John Ross Alix Santoro Linda Sin Andrew Sloan David Thistle Wendy Thorpe Anne Tower Deborah Wakeham David Zadak
Gift In Kind Canada Wide Media Compugen Inc. Greater Victoria Chamber of Commerce Microsoft Corporation
School District #23 Steve McLean, Hewlett Packard (Canada) Ltd. Thompson Rivers University Urban Systems Foundation
“The strength of our economy is the key to our ability to provide for our citizens, and our young people are the key to the future of our economy and so to the prosperity of all.” David Bain — JABC Donor Partner, Bull, Housser & Tupper LLP
By providing youth with the skills necessary to become innovative, productive, and contributing citizens, Junior Achievement ensures the competitive well-being of BC’s economy.
23 Annual report 2012-2013
endowment Donors Generous Endowment Gifts allow JA students to receive scholarships and awards for outstanding achievements.
President’s Club $100,000 – $249,999
corporate champions The Corporate Champions Program acknowledges organizations for their total financial commitment and volunteers during a fiscal year.
heroes $25,000 and over / 25+ Volunteers
ambassadors $25,000 and over / 10+ Volunteers
role models $10,000 and over / 10+ Volunteers Accenture
24 Annual report Volunteer shares his expertise in JABC’s Investment Strategies Program. 2012-2013
BMO Bank of Montreal
Associates 10+ Volunteers ADP Canada Envision Financial Interior Savings Credit Union
Investors Group Inc. Island Savings Credit Union
heritage Donors Successful delivery of Junior Achievement’s business education programs would not be possible without continued support from our donors. JABC has established the Heritage Donors Program to recognize cumulative donations since 1999.
founders $1,000,000 and over Lotte & John Hecht Memorial Foundation
The Province of British Columbia
Pioneers $500,000 and over British Columbia Securities Commission
RBC Foundation
Visionaries $250,000 and over Austeville Properties Ltd. CIBC Coast Capital Savings Credit Union Djavad Mowafaghian Foundation
HSBC Bank Canada Institute of Chartered Accountants of British Columbia Rix Family Foundation Scotiabank Group
TELUS Western Economic Diversification Canada
Fasken Martineau DuMoulin LLP Grant Thornton LLP Great-West Life The Keg Spirit Foundation London Drugs Ltd.
PFM Executive Search Phillips, Hager & North Investment Management TD Bank Group Teekay Corporation
Leaders $100,000 and over Accenture BC Hydro Bell Canada BMO Bank of Montreal Canaccord Financial Inc.
delivery partners Special thanks to the following organizations that helped JABC deliver programs in communities where we do not have local staff.
25
Community Futures 16/37 Community Futures Nadina Community Futures Pacific Northwest
Annual report 2012-2013
Community Futures Quesnel Community Futures Stuart Nechako Haida Gwaii Community Futures
Financial statements These summarized financial statements include the records of Junior Achievement of British Columbia only. The complete audited financial statements, reported on by Grant Thornton LLP, Chartered Accountants are available upon request.
Statement of Financial Position June 30 Assets Current Cash and cash equivalents Investments Interest and other receivables Prepaid expenses
$
Long-term investments Equipment
26 Annual report 2012-2013
2012
2013
1,863,901 219,705 145,215 4,269
$
482,556 1,641,586 165,433 3,666
2,233,090
2,293,241
460,029 75,999
641,833 31,213
$
2,769,118
$
2,966,287
Liabilities Current Accounts payable and accrued liabilities $ Deferred contributions, externally restricted Current portion of obligation under capital lease
76,698 337,915 4,211
$
106,267 382,416 4,230
Deferred contributions, externally restricted Deferred contributions related to equipment Obligation under capital lease
418,824 358,268 37,904 14,389
492,913 666,668 10,667 4,868
829,385
1,175,116
200,000 1,739,733
168,500 1,622,671
1,939,733
1,791,171
Net assets Endowment Unrestricted
$
2,769,118
$
2,966,287
Statement of Operations Year Ended June 30 Revenue Contributions Special events Government grant Interest Endowment income Amortization of deferred contributions related to equipment
2012
2013 $
969,946 818,410 333,324 66,288 29,361
$
914,933 772,685 488,142 60,534 28,839
3,200
4,571
2,220,529
2,269,704
1,198,320 330,489 264,323 95,404 75,057 56,167 25,182 18,418 17,539 12,665 884 10
1,179,972 294,483 262,459 95,616 75,931 51,675 25,112 101,133 24,500 13,428 945 407
2,094,458
2,125,661
Excess of revenue over expenses before undernoted
126,071
144,043
Unrealized loss on investments
(13,850)
(40,292)
4,841
-
Expenses Salaries and benefits Special events Programs Facilities National fees Office Staff development Special projects Accounting and audit Amortization Interest on capital lease obligation Other
Gain in disposal of equipment Excess of revenue over expenses
$
117,062
$
103,751
“The Government of British Columbia is pleased to support Junior Achievement’s work with youth throughout the province. Providing students with a better understanding of small business, entrepreneurship and financial literacy is an important step in ensuring the future success of BC’s economy.” Naomi Yamamoto — Minister of State for Small Business, Province of British Columbia
27 Annual report 2012-2013
Participating school districts 54 of 60 school districts engaged:
81
87
New in 2012 – 2013: School District #50 Haida Gwaii School District #84 Vancouver Island West #5 Southeast Kootenay #6 Rocky Mountain #8 Kootenay Lake #20 Kootenay-Columbia #22 Vernon #23 Central Okanagan #27 Cariboo-Chilcotin #28 Quesnel #33 Chilliwack #34 Abbotsford #35 Langley #36 Surrey #37 Delta #38 Richmond #39 Vancouver #40 New Westminster #41 Burnaby
60
92
82
59 91 54
50
52 57
28 49
#42 Maple Ridge-Pitt Meadows #43 Coquitlam #44 North Vancouver #45 West Vancouver #46 Sunshine Coast #47 Powell River #48 Sea to Sky #51 Boundary #52 Prince Rupert #53 Okanagan Similkameen #54 Bulkley Valley #57 Prince George #58 Nicola-Similkameen #59 Peace River South #60 Peace River North #61 Greater Victoria #62 Sooke #63 Saanich
#64 Gulf Islands #67 Okanagan Skaha #68 Nanaimo-Ladysmith #69 Qualicum #70 Alberni #71 Comox Valley #72 Campbell River #73 Kamloops/Thompson #74 Gold Trail #75 Mission #78 Fraser-Cascade #79 Cowichan Valley #82 Coast Mountains #83 North OkanaganShuswap #85 Vancouver Island North #91 Nechako Lakes #93 Conseil Scolaire Francophone
27 73
85
28 Annual report 2012-2013
84
47
72
70
69
22
48 46
71 68 79
62
42 36 35 34
6
83
74
72
85
78 33
58
Plus Independent Schools, Homeschooling Groups and First Nations On-Reserve.
19
10
23 67 53
8 51
20
5
Districts shaded in green are engaged with JABC.
Participating schools #5 Southeast Kootenay
#27 Cariboo-Chilcotin
Mount Baker Secondary
David Thompson Secondary Selkirk Secondary Traditional Learning Academy
Big Lake Elementary Columneetza Secondary Kwaleen Elementary Likely Elemementary & Jr Secondary Peter Skene Ogden Secondary Williams Lake Secondary
#20 Kootenay-Columbia
#28 Quesnel
#6 Rocky Mountain
Glenmerry Elementary #22 Vernon Okanagan Landing Elementary Vernon Christian School Vernon Secondary #23 Central Okanagan Anne McClymont Elementary Bankhead Elementary Belgo Elementary Chief Tomat Elementary Constable Neil Bruce Middle School Dr. Knox Middle School Ellison Elementary George Elliot Secondary George Pringle Elementary Glenmore Elementary Heritage Christian School Hudson Road Elementary Immaculata Regional High School Kelowna Senior Secondary KLO Middle School North Glenmore Elementary Okanagan Mission Secondary Okanagan Montessori Elementary & Preschool Pearson Elementary Quigley Elementary Raymer Elementary Rutland Middle School Shannon Lake Elementary South Kelowna Elementary South Rutland Elementary Springvalley Elementary Studio 9 School of the Arts
Correlieu Secondary #33 Chilliwack Strathcona Elementary #34 Abbotsford Abbotsford Christian School Abbotsford Collegiate Abbotsford Traditional Middle School Aberdeen Elementary Clayburn Middle School McMillan Elementary Mountain Elementary Robert Bateman Secondary St. John Brebeuf Terry Fox Elementary W.J. Mouat Secondary Yale Secondary #35 Langley Betty Gilbert Elementary Gordon Greenwood Elementary James Kennedy Elementary #36 Surrey A.H.P. Matthew Elementary Beaver Creek Elementary Cambridge Elementary Cloverdale Christian School Coyote Creek Elementary Dr. F.D. Sinclair Elementary Enver Creek Secondary Erma Stephenson Elementary Fleetwood Park Secondary Fraser Heights Secondary Frost Road Elementary
Green Timbers Elementary Holy Cross Regional High School Janice Churchill Elementary Jessie Lee Elementary Johnston Heights Secondary Kwantlen Park Secondary L.A. Matheson Secondary Mary Jane Shannon Elementary North Ridge Elementary North Surrey Learning Centre North Surrey Secondary Old Yale Road Elementary Pacific Academy Panorama Ridge Secondary Princess Margaret Secondary Queen Elizabeth Secondary Semiahmoo Secondary Sullivan Heights Secondary Surrey Christian School Traditional Learning Academy Westerman Elementary
Grade 5 Students learn Business Basics.
#37 Delta Burnsview Secondary Cliff Drive Elementary Delview Secondary Gibson Elementary Heath Elementary North Delta Secondary Pinewood Elementary Seaquam Secondary Sunshine Hills Elementary #38 Richmond J.N. Burnett Secondary R.C. Palmer Secondary Richmond Secondary Steveston-London Secondary
Over 65% of Achievers indicate that participation in JA Canada programs had a significant impact on staying in school and enrolling in postsecondary education.
29 Annual report 2012-2013
#39 Vancouver
30 Annual report 2012-2013 Recent participant in JABC’s Business Basics Program.
Aries Alternate Program Britannia Community Secondary Chief Maquinna Elementary Crofton House David Oppenheimer Elementary David Thompson Secondary Dr. R.E. McKechnie Elementary École Jules Quesnel Elementary Edith Cavell Elementary Elsie Roy Elementary Eric Hamber Secondary Florence Nightingale Elementary Foundation Alternate School General Brock Elementary Gladstone Secondary Gordon House Youth Search Hastings Community Elementary Henry Hudson Elementary J.W. Sexsmith Elementary John Oliver Secondary Killarney Secondary Lord Byng Secondary Lord Nelson Elementary Lord Strathcona Community Elementary Lord Tennyson Elementary Magee Secondary Pattison High School Point Grey Secondary Prince of Wales Secondary Queen Alexandra Elementary Queen Mary Elementary Renfrew Community Elementary Shaughnessy Elementary Sir James Douglas Elementary Sir John Franklin Community School Sir Sandford Fleming Elementary Sir Wilfred Grenfell Community School Sir William Van Horne Elementary Sir Winston Churchill Secondary Spectrum Alternate Program St. Anthony of Padua School St. George’s School St. John’s School St. Patrick’s Elementary Stratford Hall Take A Hike Program Templeton Secondary Trafalgar Elementary Tyee Elementary University Hill Secondary
Vancouver Christian Vancouver Technical Secondary Vinery Alternative Program West Alternative Program West Point Grey Academy York House School #40 New Westminster Herbert Spencer Elementary #41 Burnaby Burnaby Central Secondary Burnaby North Secondary Burnaby South Secondary Byrne Creek Secondary Capitol Hill Elementary Cariboo Hill Secondary Clinton Elementary Douglas Road Elementary Gilmore Community Elementary Inman Elementary Marlborough Elementary Moscrop Secondary Sperling Elementary #42 Maple Ridge-Pitt Meadows Blue Mountain Elementary Eric Langton Laity View Elementary Meadowbridge Secondary Samuel Robertson Technical Secondary #43 Coquitlam Como Lake Middle School Coquitlam Alternate Basic Education Dr. Charles Best Secondary Gleneagle Secondary Hampton Park Elementary Kwayhquitlum Middle School Maple Creek Middle School Minnekhada Middle School Mundy Road Elementary Pinetree Secondary Pitt River Middle School Port Moody Secondary Scott Creek Middle School #44 North Vancouver Argyle Secondary Blueridge Elementary Carisbrooke Elementary Carson Graham Secondary Cove Cliff Elementary
Dorothy Lynas Elementary Handsworth Secondary Highlands Elementary Holy Trinity Elementary Kenneth Gordon School Larson Elementary Lions Gate Christian Academy Lynnmour Community School Queensbury Elementary Ridgeway Elementary Seycove Secondary Seymour Heights Elementary St. Pius X Elementary Sutherland Secondary Westview Elementary Windsor Secondary #45 West Vancouver Caulfeild Elementary Ridgeview Elementary Rockridge Secondary Sentinel Secondary West Bay Elementary West Vancouver Secondary #47 Powell River Edgehill Elementary #48 Howe Sound Howe Sound Secondary Mamquam Elementary Pemberton Secondary Squamish Elementary Whistler Secondary #50 Haida Quai/Queen Charlotte Sk’aadgaa Naay Elementary #52 Prince Rupert Charles Hays Secondary #54 Bulkley Valley Houston Secondary #57 Prince George College Heights Secondary D.P. Todd Secondary Duchess Park Secondary Heritage Elementary Kelly Road Secondary Lakewood Jr. Secondary Malaspina Elementary Pineview Elementary Prince George Secondary
#58 Nicola-Similkameen
#63 Saanich
Diamond Vale Elementary Kengard Alternate Merritt Bench Elementary Merritt Secondary
Bayside Middle School Individual Learning Centre Parkland Secondary Prospect Lake Elementary Royal Oak Middle School Stelly’s Secondary
#61 Greater Victoria Arbutus Middle School Campus View Elementary Cedar Hill Middle School Central Middle School Colquitz Middle School Discovery School Doncaster Elementary Esquimalt High School Gordon Head Middle School Hillcrest Elementary Lambrick Park Secondary Margaret Jenkins Elementary Maria Montessori Academy Mount Douglas Secondary Oak and Orca Bioregional School Oak Bay High School Pacific Christian School Pembroke Street School Reynolds Secondary Rogers Elementary Shoreline Community School Spectrum Community School St. Andrew’s Regional High School St. Margaret’s School St. Michael’s University School Strawberry Vale Elementary Torquay Elementary Victoria High School
École Puntledge Park Elementary George P. Vanier Secondary
#62 Sooke
#72 Campbell River
Belmont Secondary Dunsmuir Middle School Edward Milne Community School Hans Helgesen Elementary Happy Valley Elementary John Stubbs Memorial School Metchosin Technical Centre Pacific Secondary Sangster Elementary Savory Elementary Spencer Middle School Westshore Centre for Learning and Training
#64 Gulf Islands Phoenix Elementary #68 Nanaimo-Ladysmith Cedar Community Secondary Chase River Elementary Cinnabar Valley Elementary Coal Tyee Elementary Hammond Bay Elementary Pleasant Valley Elementary Rutherford Elementary Uplands Park Elementary Woodlands Secondary #69 Qualicum Ballenas Secondary Kwalikum Secondary Springwood Middle School #70 Alberni Alberni District Secondary John Paul II Catholic School Maaqtusils School Ucluelet Secondary #71 Comox Valley
Logan Lake Secondary Norkam Secondary Pacific Way Elementary Parkcrest Elementary Rayleigh Elementary Robert L. Clemitson Elementary Sa-Hali Secondary Skelep School of Excellence South Kamloops Secondary St. Ann’s Academy Summit Elementary Westmount Elementary #74 Gold Trail Ashcroft Elementary Ashcroft Secondary Cache Creek Elementary David Stoddart Secondary Kumsheen Secondary Lillooet Secondary #75 Mission Mission Secondary #78 Fraser Cascade Hope Secondary Seabird Island Community Elementary and Secondary #79 Cowichan Valley Cowichan Secondary Frances Kelsey Secondary Quamichan Middle School Queen of Angels School
“Junior Achievement provides the model and path for students to ‘get there’ and pursue building a business of their own that contributes and gives back to the community and their school.” Mike Ruttan — Retired Principal, Alberni District Secondary School
#82 Coast Mountains Hazelton Secondary #84 Vancouver Island West
École des Deux Mondes Elementary Timberline Secondary
Ray Watkins Elementary
#73 Kamloops/Thompson
#85 Vancouver Island North
A.E. Perry Elementary At Risk Youth Kamloops Barriere Secondary Beattie School of the Arts Chase Secondary Clearwater Secondary Dallas Elementary Heritage Christian School Kamloops Christian School
Eagle View Elementary North Island Secondary #91 Nechako Lakes Lakes District Secondary Nechako Valley Secondary #93 Conseil Scolaire Francophone École Victor Brodeur
By helping youth stay in school, encouraging entrepreneurship, and teaching financial literacy skills, JA creates an annual return to society of $45 for every $1 spent.
31 Annual report 2012-2013
Board of directors Junior Achievement of Bc
Chair: Casey Forrest
Barbara Brink
Cindy Choi
Diane Dent
Colin Erb
PFM Executive Search
Applied Strategies Ltd.
Chan Choi & Company
Accenture
Deloitte
Rob Duncan
Phil Lehn
Kenton Low
Carole MacFarlane
Tim Manning
Duncan Sabine Collyer Partners LLP
CIBC
Ritchie Bros.
Education Consultant
RBC Royal Bank
Dan Mclaren
Michael Moretto
Lois Nahirney
Rick Peterson
Darrell Wickstrom
Commonwealth Mortgage Corp.
BC Securities Commission
Teekay Shipping (Canada) Ltd.
Waterfront Mining Group
Fasken Martineau DuMoulin LLP
32 Annual report 2012-2013
Gala dinner and induction ceremonies cabinet Co-Chair Co-Chair
Peter Blake, Chief Executive Officer, Ritchie Bros. Auctioneers Barbara Brink, C.M., O.B.C., Vice President, Applied Strategies Ltd.
Past Chairs John C. Kerr, C.M., O.B.C., LL.D., Chairman, Lignum Investments Terry A. Lyons, Chairman, Eacom Timber Corporation Conrad Pinette, President, Condor Holdings Jim Shepard, Chair, CC4JOBS Cabinet Members Olin Anton, Managing Partner, Deloitte & Touche LLP Kevin D. Bent, Pacific Newspaper Group & Postmedia Network Inc. Robin Dhir, President & COO, Twin Brook Developments Ltd. Pat Elemans, Assistant Dean, Peter B. Gustavson School of Business, UVIC Casey Forrest (Ex-Officio), Partner, Pinton Forrest & Madden Kelly Heed, Vice-Chairman, Colliers International George Hungerford, O.C., O.B.C., Hungerford Properties Gary Laxon, Director, Private Banking, Scotia Private Client Group Phil Lehn, Vice President, Commercial Banking, BC, CIBC Kenton Low, Vice President, Marketing, Ritchie Bros. Auctioneers Jason Ludwig, Vice President of Marketing, The Vancouver Sun/The Province Dan McLaren, President, Commonwealth Mortgage Corp. Dale Parker, Corporate Director Jane Peverett, Corporate Director, Encana and CIBC John Scott, CEO, Scott Construction Ltd. Will Westeringh, Managing Partner, Fasken Martineau DuMoulin LLP John Winter, President & CEO, BC Chamber of Commerce Laureate Selection Committee Brian Canfield, C.M., O.B.C., D.Tech. Ruston (Rusty) Goepel Nancy McKinstry, C.M.
Barbara Brink, Gala Co-Chair with HRH The Duke of York.
“His Royal Highness was delighted to meet a number of your Hall of Fame Business Laureates. The Duke of York was very pleased to have the opportunity to meet four of your young Achievers and to hear directly from them about the impact of Junior Achievement on their career development. His Royal Highness sends his best wishes to you for the continued success of Junior Achievement in British Columbia.” Amanda Thirsk — Private Secretary to The Duke Of York
33 Annual report 2012-2013
Meet the JABC team Provincial Administration Jan Bell-Irving President
Andrew Sloan
Vice President, Marketing & Communications
Esther Lee
Office Manager
Heather Schellenberg Book-keeper
Development Alix Santoro
Vice President, Development
Siobhan Aspinall
Senior Development Officer
Linda Sin
Manager, Development and Events
Theresa Frazao
Development Assistant
Standing (L-R): Deborah Wakeham, Gail Stroud, Theresa Frazao, Jason Ranchoux, Linda Sin, Santhy Yeager, Tara Warren, Siobhan Aspinall, Linda Conn, Cheryl Borgmann, Esther Lee, Laura Roberts, Ivy Chan and Barb Jones. Seated (L-R): Anne Tower, Jan Bell-Irving, Alix Santoro and Andrew Sloan.
Programs Anne Tower
Vice President, Programs & Regional Operations
Kamloops Region
34
Gemma Gowling
Regional Manager, Kamloops
Lower Mainland Region Annual Lynne Henshaw Regional Manager, report Lower Mainland 2012-2013
Barb Jones
Program Manager, High School Programs
Cheryl Borgmann
Program Manager, Middle School Programs
Ivy Chan
Program Manager, Middle School Programs
Laura Roberts
Program Manager, Fraser Valley
Tara Warren
Program Assistant
Northern BC Region Jack Hooper
Regional Manager, Northern BC
David Wahlund
Program Coordinator, Northern BC
Okanagan Region
Vancouver Island Region
Jason Ranchoux
Deborah Wakeham
Beth Veenkamp
Linda Conn
Santhy Yeager
Gail Stroud
Regional Manager, Okanagan Program Coordinator, Okanagan Program Coordinator, Okanagan
Regional Manager, Vancouver Island
Program Coordinator, Victoria Program Coordinator, Central and Upper Vancouver Island
The JA Worldwide vision Purpose To inspire and prepare young people to succeed in a global economy.
Vision JA will be the partner of choice for businesses, educators and policy-makers around the globe seeking to expand workforce and economic development. We will be revered for providing experiences that promote the skills, understanding and perspectives students will need to succeed in a global economy and become productive, contributing members of society.
Values Belief in the boundless potential of young people. Commitment to the principles of market-based economics and entrepreneurship. Passion for what we do and honesty, integrity and excellence in how we do it. Respect for the talents, creativity, perspectives and backgrounds of all individuals. Belief in the power of partnership and collaboration. Conviction in the educational and motivational impact of relevant, hands-on learning.
35 Annual report JABC students meet achievers from around the world at each year’s Next Generation Leaders 2012-2013 Forum.
JUNIOR ACHIEVEMENT OF British Columbia Suite 110 - 475 West Georgia Street Vancouver, BC V6B 4M9 T: 604.688.3887 F: 604.689.5299 Email: info@jabc.org Regional Offices Vancouver Island Region Okanagan Region Kamloops Region Northern BC Region Charitable Registration # 11897 - 6166 RR0001
WWW.JABC.ORG