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2020 ANNUAL REPORT

www.JAColorado.org

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CONTENTS

01 02 03 04 05 06 07 2

3

About Junior Achievement-Rocky Mountain

5

2019-2020 At A Glance

9

JA Alumni

12

Diversity, Inclusion, Equity, And Access

14

JA Impact And Outcomes

17

2019-2020 Financials

20

2019-2020 Supporters & Sponsors


ABOUT

01

JUNIOR ACHIEVEMENT ROCKY MOUNTAIN

3


ABOUT

JUNIOR ACHIEVEMENT ROCKY MOUNTAIN Junior Achievement’s purpose is to inspire and prepare young people to succeed in a global economy. Too many young people do not have the opportunity to learn the practical knowledge and skills they need for future success: foundational lessons that help them become financially literate, career-ready, and entrepreneurial. Junior Achievement-Rocky Mountain (JA) exists so that K-12th grade students, regardless of background, possess the tools they need to build a future for themselves in which they are optimistic, economically self-sufficient, and determined, with a belief in the power of free enterprise.

JA provides relevant, high quality programs at no cost to schools or families. These lessons are delivered by corporate and community volunteers who share their stories and perspectives with students. To be a valuable resource during the pandemic, JA has developed virtual lessons and exciting real-world simulations that can be implemented and accessed easily in-school or remotely.

4 • About Junior Achievement-Rocky Mountain


2019-2020

02

AT A GLANCE

5


2019 2019 - 2020

AT A GLANCE August

2019-2020 classroom programs and JA Finance Park, presented by Transamerica kick off the new school year, serving hundreds of students each day.

September Entrepreneurial-minded teens gain access to Denver Startup Week through JA, made possible by Comcast Technology Solutions. Read the Denver Startup Week Youth Pass news coverage

JA students Melanie Zhou and Mia Hayden win the Denver Startup Week Pitch Competition, with an award of $100,000 in cash and prizes for their business, Oasis Mental Health. Watch Melanie and Mia’s news coverage on CBS4

November Students from across the Denver Metro region participate in the JA Stock Market Challenge, presented by Wells Fargo, an immersive stock-trading simulation. Watch an overview of the event

6 • 2019-2020 At A Glance


November Students from Northern Colorado and Wyoming participate in the Fort Collins-based JA Stock Market Challenge.

2020 Read about the alternative high school students who won the competition.

January

JA and the Denver Metro Chamber of Commerce induct a new class of laureates to the Colorado Business Hall of Fame, presented by UMB. View the video vignette playlist of 2020 laureates

February

JA partners with the Space Foundation and Lockheed Martin to deliver the Junior Space Entrepreneur Program, in which students developed a business plan and pitched their ideas for a “mission to Mars.” Read about the week-long Space Entrepreneur workshop

7 • 2019-2020 At A Glance


March COVID-19 forces surprise shutdown! JA quickly pivots to virtual programming for students. Read an overview of how JA has adapted programs

April JA honors volunteer Mark Wynne as the 2020 Volunteer of the Year, presented by TIAA. Meet Mark

JA hosts a virtual town hall for teens, “Tomorrows Are More Important Than Ever.” Watch the town hall recording on CNBC

May JA honors teacher Paul Rosenthal as the 2020 Educator of the year, presented by TIAA. Learn about the impact Paul is making on troubled youth

JA honors Adams 12 Five Star Schools as the 2020 Advocate of the year, presented by TIAA. Learn how the district values and integrates JA lessons

JA hosts a virtual town hall for teens, “Why Entrepreneurship Now” featuring alumnus Mark Cuban. Watch the town hall recording

8 • 2019-2020 At A Glance


JA

ALUMNI

9

03


JA ALUMNI Junior Achievement volunteers and supporters make a difference for students, now, and in the future. A new survey of 1,002 Junior Achievement alumni conducted by Ipsos, one of the world’s leading market research firms, finds that JA programs made a strong impact on JA participants’ professional and personal development into adulthood and the working world. The survey also finds JA alumni who are entrepreneurs are making an economic impact in their communities. Additionally…

JA alumni are job creators.

84%

4-in-5

of businesses owned by JA alumni have employees

compared to only 20% of U.S. small businesses

JA alumni report Junior Achievement played an important role in their decision to pursue further education

4-in-5

JA alumni report Junior Achievement played an important role in choosing their career path

In fact...

51%

of JA alumni report having a bachelor’s degree or higher

26%

compared to 1.7% of U.S. small businesses

of JA alumni businesses employ more than 100 people

compared to 33% of the U.S. population

JA alumni businesses are generating significant revenue too.

18%

of JA alumni businesses have revenues of $5 million or more

compared to 4.5% of U.S. small businesses

62%

of JA alumni are currently working in positions that are “manager status or above”

75%

of JA alumni have a positive view of the American economic system

10 • JA Alumni


JA alumni are more likely to say they are better off than their parents were. As adults, fewer JA alumni characterize their household income as lower income compared to their household as a child, and a greater number of JA alumni report they are currently in higher income households compared to their household as a child. How would you characterize your household income as a child? Don't Know 2%

- Elijah Janello, JA Alum Lower Income 20%

Higher Income 18%

I wouldn’t have been able to end up working where I do now if it weren’t for JA. It was a lot of hard work but JA was the reason I even had a direction to go in. It’s life changing.

Meet Elijah

Middle Income 60%

How would you characterize your household income as an adult? Don't Know 2% Lower Income 14% Higher Income 28%

Middle Income 57%

Read the full JA alumni survey results

11 • JA Alumni

Today I got to teach a fourth grade class about the importance of financial knowledge through JA. It was a little over 18 years ago that I was in their shoes, where another JA volunteer inspired me to want to join the Finance industry. Never in my life did I think I would actually fulfill that dream and become a Stockbroker, but I definitely never imagined I’d be back in this school doing the same for other students. My heart is happy today. - Fergie Alvarez, JA Alum & Volunteer


04

DIVERSITY, INCLUSION, EQUITY, AND ACCESS

12


DIVERSITY, INCLUSION, EQUITY, AND ACCESS The economic impact from COVID-19 has heightened awareness of economic inequity for segments of our population, particularly for women, African Americans, Hispanics, those lacking education beyond high school, and the young. Undoubtedly, there are substantial systemic changes that need to happen that are beyond the mission of an organization like Junior Achievement. That said, these changes will only make a difference if people are prepared to seize opportunities.

2019-2020 JA Student Demographics Unknown 3% Black 3%

Hispanic 34%

Knowledge is power, and JA’s proven approach empowers people of all backgrounds in the form of financial capability, career readiness, and an entrepreneurial mindset. In the 2020 JA alumni survey conducted by Ipsos, JA alumni of all races and ethnicities report they somewhat or strongly agree their JA program was a great experience, exposed them to new ways of thinking, broadened their horizons, showed them new work or career opportunities, and motivated them to succeed and learn.

White 51%

Other 5%

Multiracial 4%

JA alumni who say that JA positively impacted their future choices and perceptions:

96%

Black

95%

Hispanic

93%

White

JA alumni who say JA gave them confidence in new situations:

60%

Black

45%

Hispanic

49%

White

JA alumni who have started one or more businesses during their careers:

52%

Black

60%

Hispanic

51%

White

JA alumni who say JA programs were instrumental in their decision to pursue further education:

58%

Black

13 • Diversity, Equity, Inclusion, And Access

51%

Hispanic

45%

White


JA

05

IMPACT AND OUTCOMES

14


HOW DO WE KNOW THAT JUNIOR ACHIEVEMENT MAKES AN IMPACT ON YOUNG PEOPLE? A multiyear third-party study conducted by QREM, LLC found that… JA Opens New Pathways for Students • JA students show large learning gains in career readiness, financial literacy, and entrepreneurship, as well as positive development gains in life skills, school attitudes, and optimism. • Economically disadvantaged students make larger learning gains than their more advantaged peers. JA Students Are Driven • JA students are more optimistic about achieving future success.

I have met some of the most incredible JA volunteers, they have brought life to my classroom. The lessons truly are engaging, and I’ve got to tell you, students are having a great time and don’t even know they’re learning. Without Junior Achievement, I really feel like there would be a gap in our school system. - Hilary Wimmer, 2020 Colorado Teacher of the Year Meet Hilary

Because of Junior Achievement, I was able to launch my own business in high school, learn about the business world from different aspects, and also become a leader in my own regard. - Melanie Zhou, JA Student Meet Melanie

• JA students feel less entitled and more self-motivated. JA Students Retain What They Learn • JA students take their knowledge with them for 3-5+ years. Research shows that knowledge retained for 5 years is sustained for life.

The results presented in this report are based on both an external evaluation conducted by QREM, LLC. and internal analysis. Junior Achievement-Rocky Mountain, Inc. has randomly selected students by classroom and assigned them into one of three groups as participants in a third-party evaluation. Testing effects were monitored, and other mitigating factors such as low-income status were controlled. Statistical testing included determining differences between pre- and posttests, examining correlational findings, and building structural equation models to determine impacts. Sample sizes in matched groups exceeded minimal standards for each level (elementary, middle, and high) and each group. The results and findings presented in this report are statistically significant with a confidence level of 95% or higher.

15 • JA Impact And Outcomes


JA BY THE NUMBERS: 2019-2020 95% 90% 84% 85%

of JA volunteers say their experience was meaningful of educators say Junior Achievement provides value to their classroom of teachers say they would actively recommend JA programs to their colleagues of volunteers say they would actively recommend volunteering for JA to others

2019-2020 Total Students Served:

75,484

**

Classes Reached:

3,131 Educators:

4,227

35%

Virtual Program Students Served

Lower-Income Students

Schools Reached:

Volunteer Experiences:

441 Contact Hours:

2,212

515,877

4,494 Volunteer Partner Companies:

111

*Prior to schools shutting down in spring 2020, JA was projected to reach 117,500 students in the 2019-2020 school year

16 • JA Impact And Outcomes


2019-2020

06

FINANCIALS

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2019-2020 FINANCIALS Individual Donations:

Foundation Donations:

$992,117

$485,376

18%

9%

Special Event Revenue:

Corporate Donations:

69%

$3,851,695

-2%

2020 Revenue, Gains, And Other Support

($92,355)*

Total: $5,597,912

Increase in Net Assets of Endowment Fund:

1%

$ 43,047

Other Revenue:

4%

In-kind Contributions:

1%

$240,040

$77,992

Individual Donations:

Foundation Donations:

$542,995

$674,554

11%

14%

Special Event Revenue:

Corporate Donations:

52%

$2,458,453

Other Revenue:

6% $273,359

15%

2019 Revenue, Gains, And Other Support

$704,966

Total: $4,754,440

Increase in Net Assets of Endowment Fund:

1%

$48,049 In-kind Contributions:

1%

$52,064

*The COVID-19 pandemic impacted operations in spring 2020 as events were canceled, reducing revenue from special events. JA-Rocky Mountain normally receives more than 80% of its revenue from special events during the March through June time period, which did not allow the organization to make up for expenses incurred prior to the onset of the pandemic.

18 • 2019-2020 Financials


2019-2020 FINANCIALS Fundraising Expenses:

13%

$532,928

2020 Expenses Program Expenses:

74%

$3,000,288

Total Expenses: $4,034,694

Management, General, and Building Expenses:

12%

$501,478

Fundraising Expenses:

12%

$535,805

Management, General, and Building Expenses:

2019 Expenses Program Expenses:

76%

$3,357,355

12%

Total Expenses: $4,449,136

$555,976

2019 2020 Net Assets (end of year) +Increase

*Increase resulting from the purchase of land and capital campaign contributions for a new educational facility.

19 • 2019-2020 Financials

$4,528,288

$6,091,506

$305,304 $1,563,218*


2019-2020

07

SUPPORTERS & SPONSORS

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THANK YOU JA SUPPORTERS AND SPONSORS! $500K+ Ginny and John E. Freyer, Sr.

$100K+ Charles Schwab & Co., Inc.

Thomas and Beatrice Taplin

Coloradans for Responsible Energy Development

Wells Fargo

Daniels Fund

$75K+ Transamerica

Prologis

$50K+ Adolph Coors Foundation

Janus Henderson

American Furniture Warehouse

L.C. Fulenwider

Considine Family Foundation

OtterCares Foundation

FirstBank

Western Union

Bob Hottman

$20K+ Accenture

Bank of the West

Adams 12 Five Star Schools

Shawn and Jennifer Barker

Arrow Electronics

Community First Foundation

AT&T

Confluence Companies, LLC

Ball Corporation

Deloitte

21 • 2019-2020 Supporters & Sponsors


Denver Toyota Dealers Association

Oakwood Homes

EY

Sandy and Leslie Rothe

Todd Grover

Santander Consumer USA

IMA Financial Group

Shana Glassman Foundation

John and Kate Ives

SM Energy

Jefferson County School District

Stevinson Automotive

Kevin and Patricia Kelley

TIAA

Larry and Pat Kendall

Travelers Insurance Company

Liberty Media

U.S. Bank

Evan and Evi Makovsky

UMB Bank

Matt and Aileen McConnell

Jim and Judy Vaughn

MDC/Richmond American Homes Foundation

Verizon Foundation

Ed and Wendy Nekritz

Tim and Lisa Walsh

Nelnet, Inc.

Xcel Energy

$10K+ ALPS - DST Systems, Inc. Advised Fund

Husch Blackwell

Bank of America / Merrill Lynch

Independent Financial

Bellco Credit Union

JPMorgan Chase & Co.

Blue Federal Credit Union Foundation

Land Title Guarantee Company

Bow River Capital Partners

Littler Youth Fund

Businessolver

Lockton Companies

Charles M. and Faye G. Schayer Foundation

Landis and Sharon Martin

Colorado Federal Savings Bank

Rafael Martinez-Chapman

Colorado Rockies

McKinsey & Company

Comcast Technology Solutions

McWhinney

Lori and Joe Davis

Ned Minor

Elevations Credit Union

Moss Adams

Elite Surface Infrastructure

Network Affiliates

Enterprise Holdings

Occidental Petroleum Corporation

Fidelity Investments

Oracle

Flood and Peterson Insurance

Ovintiv

Fransen Pittman

Pepsi Beverages Company

Larry Hauserman

Phil Long Dealerships

Ryan Helmer

Pinnacol Assurance

22 • 2019-2020 Supporters & Sponsors


Plante Moran

State Farm Insurance

Robert Half International Inc.

Steamboat Springs Education Fund

Rollie R. Kelley Family Foundation

TCF Bank

J Kevin Sachs

University of Colorado-Denver

Safeway

UPS

Sally Brown & John McInnes Charitable Trust

Wagner Equipment

Schlumberger

Judith Wagner

Southwest Airlines

$5K+ ACM LLP

Grace Isabelle McNaught Trust

AMD

Joshua Hallenbeck

Anschutz Family Foundation

Inspirato

Beacon Construction, LLC

Intermountain Rural Electric Association

Beaton Family Foundation

Ari Kaufman

Boettcher Foundation

Kinder Morgan Foundation

Bohemian Foundation

Steven and Allison Kinsley

BOK Financial

Koelbel & Co.

Chenzyme Foundation

KPMG

City of Steamboat Springs

Cassen LaBounty

CNA Insurance

Josh Levy

Jack Collins

Gerald and Sharon Linhart

Peter and Marilyn Coors

Lockheed Martin Space Systems

Cushman & Wakefield of Colorado

Myron “Micky” and Louann Miller

Douglas and Mimi Dell

Monfort Family Foundation

Denver Business Journal

NAI ShamesMakovsky

Dorsey & Whitney LLP

Newmont Mining Company

Eide Bailly LLP

Noble Energy

Ent Credit Union

Phelps-Tointon, Inc.

Anna Ewing

Justin Prochnow

EZE Foundation

Wade Pursell

First Western Financial, Inc.

PwC

Darrin Foster

Peter Savoie

Gallegos Corporation

Schlessman Family Foundation

George M. and Pamela S. Humphrey Fund

Chris Schmidt

23 • 2019-2020 Supporters & Sponsors


John and Anna Sie

University of Denver - Daniels College

Craig Smith

Vectra Bank

Soukup Bush & Assoc.

Leslie Vollbracht

Joyce and Robert Spencer

Jim Wilson

Target

Eric Wolf

TD Ameritrade

Cleve and Danielle Wortham

Paul and Jeanne Thompson

Wyoming Community Foundation

$1K+ ACM Wealth Solutions

CGR Charitable Foundation Inc.

A-Lign

Merle Chambers

Dave Alleman

Vivek Choudhury

AMG Charitable Gift Foundation

Cisco

AMG National Trust Bank

City of Lakewood

ANB - American National Bank

Collegiate Peak Bank

Gregory Anton

Colorado Automobile Dealers Association

Ardent Mills

Colorado Concern

ARS Companies

Colorado State University

Autrey Foundation

Columbine Health Systems

Raymond Baker

Comcast

Bank of Colorado

Community Banks of Colorado

Dennis Barrett

Noel Congdon

BBVA Compass

Constant Contact

Benson Mineral Group

Jennifer Creasman

Wayne Berger

Credit Union of Colorado

Steve and Kelly Bloom

Tim Croissant

Lacy Bogan

Angela and Jim Davidson

Sheryl Bollinger

Steve and Kim Davis

BP America Production Company

Denver International Airport

Brighton Legacy Foundation

Denver Museum of Nature and Science

Brookfield Properties

Denver Rotary Club Foundation

Cannon Land Company

Denver Security Traders Association

HomeAdvisor

Done Plumbing & Heating

Howard and Sue Carver

DRM Real Estate Advisors

John Casper

John Dyer

24 • 2019-2020 Supporters & Sponsors


El Pomar Foundation

Lewis D. and John J. Gilbert Foundation

Empower Retirement

Liberty Savings Bank

Envestnet

Longmont Community Foundation

Cynthia Evans

Loveland Rotary Club Foundation

Fentress Architects

Melissa MacDonnell

Cathey and Richard Finlon

MCP Group

First National Bank

Julie and Michael Mills

Brian Florey

A. Scott and Jennifer Moore

John Fuller

Matt Most

Fun-Raiser, Inc

Mountain Valley Bank

Derek Garben

National Renewable Energy Laboratory

Brandon L Johnson

National Western Stock Show

GE Johnson

Nestle Purina

Travis and Jennifer Gillmore

NexGen Resources

GM Financial

Northern Trust Company

Goldstein Family Foundation

David Nuernberger

Gorsuch Limited

Amanda O’Hayre

Grand Foundation

Oogie’s Snacks LLC

Grant Thornton

Eric Olson

Kevin Green

Beth Opperman

Greystone Group

Chris O’Reilly

Lisa Hackard

Jacobus (Jim) Oschmann

Raymond Han

Pauls Corporation

Hanover Insurance Group

Perlmutter Family Foundation

Barry Hirschfeld

Personal Capital Corporation

Honnen Equipment

Tom and Jane Petrie

Humphrey’s Foundation

Kevin Pitts

IHS Markit

PNC Bank

Michael Imhoff

Mary Reisher

JE Dunn Construction

Remey Family Fund

Daryl L Jesperson

Richey May and Co.

Ryan Johnson

Daniel Ritchie

Geoffrey Keller

Robinson Management LLC

KeyBank

Sue Anschutz Rodgers

Elizabeth King

Richard Rogers

Bremmer Kneib

Routt County

Timothy Lenneman

Sage Hospitality Resources LLC

25 • 2019-2020 Supporters & Sponsors


Saucedo Oil Field Service Inc.

Aaron Todd

Saunders Construction

TransUnion

Schrader Oil Company

United Healthcare

Simmons Bank

United Way - Eagle River Valley

Steve and Susie Schrader

United Way - Routt County

Scoma Foundation

Urban Solution Group

Elizabeth Seawalt

Vail Resorts

Sewald, Hanfling Public Affairs

VMware Foundation

Sherman and Howard L.C.

Jade Walle

Slalom LLC

W.D. Farr Endowment Fund

Space Foundation

Ron Williams

Paul and Michelle Stevinson

Thomas and Mary Winn

Thru Tubing Solutions

Woodward Inc.

Mike Tilbury

Wyoming Afterschool Alliance

Ron and Susan Tilton

Yampa Valley Community Foundation

$500+ A&W Water Service

Andrea Ellsworth

Vickie Bajtelsmit

Christine Forkner

Craig Barragry

Fox Company

Frank and Kelly Becker

Louis Garofano

Robert Bernardo

Stephanie Gaudreau

Pamela Bonnie

Chris Gdowski

Paul Brinkman

Gensler

Broomfield Community Foundation

Steve Goldman

Bullfrog Wine and Spirits

Kenneth Gooden

Scott Bush

Deron Goodwin

Nate Carey

Karen Griffith

Eleanor Caulkins

Hainline Family Foundation

Scott Clarke

David and Suzanne Hoover

Craine Architecture

Horse and Dragon Brewery

Cameron Dawkins

Ben Isler

Denver Broncos

JDI Constructors, Inc.

Eagle Foundation

JDI Contractor and Supply, Inc.

Dusty Eberhart

Joe Blake Fund

26 • 2019-2020 Supporters & Sponsors


Liz Johnson

Dawn Song

Mitzi King

Stansberry Elementary PTA

Bala Kini

Summit Oilfield Services

Jeff Knobel

Julie Sunwoo

Don and Mary Lou Kortz

Peter Tedstrom

Sophie Lal

Tri-State Industries

Eric Lichtenwalter

Ultra Petroleum

Mike MacDonnell

Mauricio Vaca

Maverick Field Services LLC

Ellen Valde

McClinton Energy Group

Kirk Vanderbeek

Jonathan Milgrom

Caren Voeller

MKO Financial

Niza Volair

William Munn

Kimbray Von Grosse

Jeff Osterkamp

Wal-Mart Stores, Inc.

William Plummer

Weckbaugh Foundation, Inc.

Professional Risk, an Alera Group Agency

John Weems

QT Mechanical

Matthew Wilson

RE/MAX Partners - Steamboat Springs

Windsor State Bank

Alicia Romero

Robin and Steve Wise

Tarra Ryerson

Women’s Clinic of Northern Colorado

Sanchez Management Inc

Yampa Valley Bank

Select Roofing Contractors, LLC

Jing Yi

Kristi and Mark Shaffer

27 • 2019-2020 Supporters & Sponsors


JA FINANCE PARK Presenting Sponsor

Kiosk and Signature Sponsors

Transamerica

Colorado Federal Savings Bank

Store Sponsors American Furniture Warehouse Colorado Rockies Denver Toyota Dealers Association Travelers Insurance Company U.S. Bank Verizon Wireless Wells Fargo Xcel Energy

Community First Foundation Elevations Credit Union Nelnet, Inc. Oakwood Homes Ovintiv Pepsi Beverages Company SM Energy Company Southwest Airlines Western Union

Young Americans Bank Student Sponsors Collegiate Peaks Bank Cushman & Wakefield Dorsey & Whitney Foundation Robert Half Target Vectra Bank

JA STOCK MARKET CHALLENGE: DENVER Presenting Sponsors

Media Sponsor

Charles Schwab & Co., Inc.

Denver Business Journal

Wells Fargo Student Session Sponsors Oracle McKinsey & Company Businessolver

28 • 2019-2020 Supporters & Sponsors


JA STOCK MARKET CHALLENGE: FORT COLLINS ACM LLP & ACM Wealth Advisors

OtterProducts

Flood & Peterson Insurance

Soukup, Bush & Associates

DENVER STARTUP WEEK YOUTH PASS Presenting Sponsor Comcast Technology Solutions

COLORADO BUSINESS HALL OF FAME Presenting Sponsor

Event Sponsors

UMB Bank

IMA Financial

Contributing Partners Biography Media History Colorado Hyatt Regency Denver at Colorado Convention Center InSync Photography + Design

29 • 2019-2020 Supporters & Sponsors

Lockton Companies, LLC Plante Moran University of Colorado Denver


LOCATIONS Metro Denver Main Office Phone: 303-534-JAJA (5252) Fax: 303-534-2771 Address: 1445 Market Street Suite 200 Denver, CO 80202

Northern Colorado & Wyoming District Office Phone: 970-490-1035 Fax: 970-490-1062 Address: 295 E. 29th Street Suite 30 Loveland, CO 80538

Routt County District Office Phone: 303-260-6283 Mailing Address: PO Box 881454 Steamboat Springs, CO 80488

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