2020 ANNUAL REPORT
www.JAColorado.org
1
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
17
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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