Junior Achievement of Northern New England Impact Report (2020-2021

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A NOTE FROM JA Dear JA Friends, On behalf of the Board of Directors and Staff of Junior Achievement of Northern New England, it is a pleasure to report on our impact from July 1, 2020 to June 30, 2021. The pandemic continues to challenge our educational and business partners. During the 2020-2021 academic year, we responded to schools’ needs as they resumed mostly in-person instruction, welcoming students and teachers safely back to school while addressing learning loss. Our corporate partners remained committed financially, but faced their own limitations in allowing employees to deliver JA lessons in person. We are grateful for our partners’ continued commitment throughout the pandemic and their willingness to find ways to move forward. Despite the difficulties of the year, we remained resolute in our commitment to our new strategic vision to close the wealth and opportunity gaps for youth in our impact communities (currently Boston, Brockton, Chelsea, Lawrence, Lowell, Lynn, Quincy, Somerville and Worcester) by creating middle school to career pathways, igniting youth entrepreneurship and preparing financially savvy youth. We are proud of the impact we made during these continued challenging times, including increasing programming within our impact communities by 19% from the prior year as we focus our and our partners’ limited resources where the need for our mission is greatest. At the same time, our big ideas became reality with several new projects. We piloted our middle school to career pathway in summer 2021 with four college-enrolled alumni securing paid internships at Accenture in Boston, providing them an excellent experience to develop critical professional skills, explore career interests, and earn income while helping Accenture identify highly qualified, motivated and diverse talent. One alumnus was offered a full-time job at Accenture when he graduates college in May while the others, still in college, are securing additional paid internships with Accenture and other JA partners in summer 2022. Our partner RSM generously donated approximately 2,000 square feet of space at its headquarters in Charlestown where we are building the JA Innovation Center @ RSM. JA students will soon benefit from this beautiful center with top technology, a space where they can learn JA lessons from business mentors while launching and operating their own startup companies. The Center will honor JA alumnus and benefactor Bill Schawbel, who participated in Junior Achievement while in high school in Boston during the late 1950s and has remained committed to our mission for over sixty-five years. Importantly, we continue to make progress to better reflect the impact communities we serve. Our staff is the most diverse in our 70-year history, our board of directors includes 35% women, and, for the first time in our history, over 20% people of color. We remain committed to leveraging the most diverse volunteers possible for our students while investing with businesses owned by people of color. We continue to strive to be as inclusive an organization as possible and look forward to reporting on our progress in the future. We appreciate your partnership in our critical mission, especially at this moment of tremendous change. We cannot do it without you. Thank you.

Radhames Nova President and CEO

Eddie Perkin Chief Investment Officer, Equity – Eaton Vance Chair, Board of Directors


PROGRAM SPOTLIGHTS JA Summer Institute In August 2020, we presented our seventh annual JA Summer Institute, held virtually for the first time. Collectively, twenty-two volunteers from nine companies engaged with twenty-four students from thirteen cities in our region through a variety of workshops. Each day began with a spotlight on an executive speaker who shared their successes and failures and how their experiences shaped their current roles. In total, we presented five workshops covering topics such as career clusters, product development, understanding how to pay for college, and understanding the importance of health and car insurance. To conclude the program, students networked with business professionals during rounds of mentorship sessions. Thank you to our generous program sponsors Endurance International Group, Experian, Avanade, AIG, Eastern Bank, Morgan Stanley, Dedham Bank, TIAA, and M&T/Wilmington Trust. JA Career Speaker Series Throughout the 2020-21 school year, our chapter hosted a JA Career Speaker Series. Our guest speakers spoke about their youth, experiences, lessons learned, how they got into their current career path, and took questions from high school students. Speakers included: • Sasidhar Nayudu, Vice-President, and Brett Tervalon, Director Consulting Solutions, both from CGI • Retired General and former Director CIA and NSA Michael V. Hayden, Major Margaret H. Graf, and Staff Sergeant Todd Bowers from Wayfair • Marisela Marrero, then President of Good Samaritan Medical Center in Brockton • Adam Braun, Founder & CEO of Pencils of Promise


JA Take Stock in Your Future & Stock Market Challenge In the fall of 2020, 304 students from six schools, 84% of which were from our impact communities, participated in the JA Take Stock in Your Future lessons and Stock Market Challenge. During this program, students learned about what the stock market was, how to buy, sell, and trade, how to build a diverse portfolio and balance risk and return. 2020 Stock Market Challenge Top Overall Teams • First Place: BLS #1 (Boston Latin School) • Second Place: Cruz - LHS Period 6 Team 3 (Lawrence High School) • Third Place: Team 4 (Xaverian Brothers High School) 2020 JA Take Stock in Your Future/Stock Market Challenge Participating Schools • Boston Latin School • Lawrence High School • Lowell High School

• Somerville High School • Waltham High School • Xaverian Brothers High School

“The JA program really opened my eyes to the possibility of a career in business. I hope to start my own business someday, and believe that the knowledge I learned this year will be beneficial for ventures that I pursue in the future.” Iris, JA Student Ambassador

JA Program with Josiah Quincy Elementary School In spring 2021, we partnered with Josiah Quincy Elementary School in Boston to bring JA in a new format to their 4th and 5th grade classrooms—virtually—with lessons taught remotely by volunteers from Santander Bank and Accenture. These volunteers brought JA’s lessons to life, connecting to 238 students in eleven classrooms. Students learned about entrepreneurial thinking and behavior, business components, profit and revenue, and career clusters. Thank you to Santander and Accenture for volunteering and giving your time to these students!


“Throughout my time with JA, I have developed a crucial trait that is applicable to all aspects of my life: self-empowerment. Starting from elementary school all the way up to high school, JA has given me the experience, skills, and confidence to become a trailblazer and impact-oriented leader. Growing up, I was a very soft-spoken kid. With all my thoughts came doubt and fear. Whether it be in school or on the field, I lacked conviction and confidence. As a result, I often kept my ideas and thoughts to myself. My seclusion only worsened after my mother’s diagnosis with Stage IV Colon Cancer back in 2017. During these difficult times I was met with two options. I could crawl into a shell of isolation, or I could step up and become a more confident and matured person. Due to the programs and guidance of JA, I was able to grow into the leader and outspoken person I am today.” Donald, Senior at Boston College High School and JA Student of the Year Afterschool JA Company Program Pre-pandemic, JA’s popular capstone program was implemented in-person at corporate offices in Boston and Lawrence. Due to the pandemic, we shifted this program to be completely virtual in 2020-21. Eighty-five students created ten companies, and through the dedication of passionate mentors, now have the lived experience of launching, operating, and running a business. We were able to bring even more experts to the program and welcomed Slalom Consulting to help students with their marketing campaigns and RSM to conduct audits for all companies. From 104 JA chapters across the United States, fifteen companies were chosen to compete in the JA Student Leadership Summit—including three from our chapter!

“Not only is JA an amazing opportunity to explore your creative touch with creating a service or product that makes a difference in the world, but it allows for one to find passion in the fields that they possibly might just see as a hobby and didn’t know how to elaborate and monetize their ideas.” - Carlos, JA Student Ambassador


STUDENT IMPACT AT A GLANCE

85%

of students served are from our impact communities, an increase of 19% from last academic year.

82% Youth of Color

61%

12%

9%

Latinx

Black

Asian


“I no longer want to be just an engineer. I want to be an engineer that is capable of pursuing my unique passion, and for that, I have to be an engineer that is capable of succeeding as an entrepreneur as well. My newfound dream is to succeed as an engineer then establish my own company that would explore a certain aspect of science that the world has yet to touch.” - Jhanny, JA Student Ambassador


SCHOOL OF THE YEAR Lawrence High School, Lawrence, MA With Lawrence High School, our initial partnership began four years ago with programming for 49 students, which evolved into to the integration of our curriculum in LHS’s Business Pathway. In the 2020-21 academic year, nearly 286 unique students went through five different JA programs across all three pathways—financial literacy, career readiness, and entrepreneurship. Students in LHS’s RISE program partnered with JA for the first time this year, providing lessons on money, savings, and wants versus needs to special education students. Looking forward, JA and LHS representatives will continue a deep partnership, expanding offerings such as JA programs for first year students and adding a new financial literacy course for 250 seniors. This level of partnership is what we strive for in our impact communities and look forward to expanded and continued partnership with Lawrence High School in the future.


VOLUNTEER HIGHLIGHT PwC and Santander Bank PwC and Santander Bank were both consistent and reliable volunteer sources. Not only did they commit to programs but they took the time to get their teams trained and acquainted with the program material, and in some instances, met with their teachers ahead of time to further prepare for teaching JA’s lessons. PwC had a core team of employees from different teams among the company to reach out and recruit other employees. This core team played an integral role in streamlining communication and thinking of ways to engage students online. They even awarded gift cards to a star student at the end of the program. Santander was able to commit and recruit volunteers quickly, exemplified when planning the virtual JA program with Josiah Quincy in which Santander covered 10 out of the 11 classes with no problem. Thank you to PwC and Santander for their stellar efforts!

“The JA entrepreneurship content and the approach to its presentation have taken root in all of my classrooms. I have 100 junior classmen across six sections in the JA program. My students find the program interesting and I find high levels of student engagement in the subject matter. The idea of teaching entrepreneurship to high school juniors may seem novel to some, but the students I teach are interested in the material and find it easy to grasp because of JA’s thoughtful scope and sequencing. The interactive elements of the presentation also provide students with a virtual handson experience in entrepreneurship. - Jim Carpenito, Lawrence High School


FINANCIALS Sources of Funding Corporate

Foundation

$458,633

$553,522

23% Events

19%

$474,009

20% 15%

Individuals $354,573

23% Other

$560,845

Expenses Fundraising $311,731

19% Management and General Operating

$353,454

21%

60%

Program Services $1,008,529


Board of Directors Officers Eddie Perkin, Chair

George Moore, Vice Chair

Chief Equity Investment Officer, Eaton Vance

Chief Technology Officer, Signant Health

Amy Zidow, Treasurer

Amy Fracassini, Secretary

Assurance Partner, EY

President & Managing Director, Davis, Malm & D’Agostine, P.C.

Members Jason Allen Lead Portfolio Manager Impact Investments, MassMutual

Tom Halloran President, Cetera Wealth Partners

Christine Barry*

Charlie Hoban Partner, Health & Life Sciences and Boston Metro Leader, Oliver Wyman

Tim Behling Vice President of Supply Chain, Gemline Christine Berberich

Ray Hoefling SVP/Middle Market Commercial Banking Region Manager for MA & RI, Webster Bank, N.A.

James Boviard Assurance Partner, PwC

Cynthia Izzo Principal, KPMG

Daniel Budington Chief Strategy Officer, Santander US

Brian Kalberer Managing Director, Accenture

Brendan Callahan Managing Director, JLL

Chris MacKenzie Market Leader, Massachusetts, RSM US LLP

Kevin Callahan Marekt Leader, TIAA

Mark Melito Partner, Deloitte & Touche LLP

Chris DeMeo Vice President of Customer Acquisition, Retention & Advocacy, Workhuman

Smaiyra Million Executive Director, Arthur M. Blank Center fo Entrepreneurship; Director, Butler Institute for Free Enterprise through Entrepreneurship, Babson College

Migdalia Diaz Chief Operating Officer, Massachusetts Executive Office of Labor and Workforce Development Brian Diepold Head of Marketing & Sales Platforms, Wells Fargo Bernard Dockrill Senior Vice President, New England Operations, CGI Josh Drew Regional Director, Robert Half Margaret Dunlap Northeast District Marketing Director, UPS Kurt Edwards Founder & CEO, Pyxai

Oscar Moreno First Vice President, Commercial Lending, Rollstone Bank & Trust Gale Murray Suzanne Norman Russell Norris General Manager, Slalom Consulting Federico Papa Vice President & Deputy Treasurer, American Tower Raj Pathak Managing Director, Morgan Stanley

Lydia Edwards City Coucilor, Dirtrict 1, City of Boston

Mark Reilly Senior Vice President of Government and Regulatory Relations, Comcast Corporation

Natalie Fedyuk Managing Director, Cybersecurity & Privacy, Protiviti

Glenn Ricciardelli Senior Partner, MDD Forensic Accountants

Marisa Gianino Vice President, Enterprise Information Management, State Street Global Advisors

Andreana Santangelo CFO, Blue Cross Blue Shield of Massachusetts

Michael Kelly Business Development Director, Wholesale & Alernative Distribution Manager, AIG Robert Hazard Region Manager & Senior Vice President, Commercial Banking, People’s United Bank *Past Chairs

Candice Stover District Sales Manager, Delta Air Lines Jimmy Suppelsa Head of Strategic Partnerships and Alliances, Touchplan Chris Webster Richard White Consultant


Associate Board of Directors JP Bernard, Co-Chair

Stephanie Bernard, Co-Chair

Business Manager - Key Accounts, New Balance

Director, Advisory Services,Marcum LLP

Rob Coly, Co-Chair

Commercial Banking Relationship Manager M&T Bank

Shauna Bernard

Alonso Mejia

Market Director Banking, Chase

Manager, Risk Advisory, RSM

Sanjay Menon

Aurora Castillo

Management Consultant, Bain & Company

SVP, Director of Digital and CRM Santander Bank N.A.

Jason Pacor

Meghan Dwyer

Client Service Partner, Slalom

Financial Advisor, Modera Wealth Management, LLC

Erika Neilssen

Foster Jondro

Management Consultant, Accenture

Director- Mergers & Acquisitions, PwC

Mike Preite

Jordan Litke

Healthcare Corporate & Investment Banking Associate Truist Securities

Executive Director, Tech & Disruptive Commerce, JPMorgan Chase & Co.

Andrew Malachowski

Danny Sanchez de la Vega

Partner, KPMG LLP

Risk Assurance Manager, EY

Sam Matathia Business Development Manager, Avanade

Staff Jojo Antonio

Brigitta Jozan

Director of Development Operations

Foundations Officer.

Val Brooks

Latia King-Fontanez

Senior Program Manager -Entrepreneurship Pathway

Chief of Staff

Tiersa Carlos

Radhames Nova

Program Manager - Career Readiness Pathway

President and CEO

Luiza deCamargo

Deirdre O’Connor Mitchell

Vice President of Development

Vice President of Programs

Paulo Frade

Sue Ung

Vice President of Finance and Operations

Manager, Financial Literacy Pathway

To support Junior Achievement’s mission by volunteering, contributing financially, or to discuss corporate partnership opportunities, please contact Radhames Nova at rnova@janewengland.org


The Spirit of Junior Achievement Celebration

May 19, 2022 Aloft Boston Seaport Hotel

Junior Achievement Golf Classic June 27, 2022 Blackrock Country Club



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