Message from the Chair and President

The first Junior Achievement

program started in our province in

1985. At that time 25 years ago, we

served 159 students in St. John’s. Fast

forwarding to 2009-10, our cumulative

provincial reach has surpassed

93,000 students in communities

throughout Newfoundland and

Labrador. Specific to 2009-10,

volunteer mentors shared their

enthusiasm to over 4,000 students

on work readiness, fi nancial literacy

and entrepreneurship topics.

Junior Achievement has achieved this milestone as you, our donors, volunteers and other

partners, understand the importance of working with youth to build their capacity and

ultimately the capacity of our province. Fostering an entrepreneurial spirit and creating

opportunities for teamwork and critical thinking are essential in preparing youth for the

exciting challenges that lie ahead.

As we refl ect on the past year, JA has had a positive infl uence on youth, has created new

and exciting partnerships and has enhanced organizational processes which include creating

a donor recognition framework, developing a risk management plan and setting strategic

priorities. Financially, this was a very strong year; however, this cannot be looked at in

isolation as in the previous year, delays in anticipated revenue confi rmations resulted in a

shortfall.

Another highlight of the year was the induction of Fred Cahill, Gordon Manstan and Great

Big Sea into the 2010 Junior Achievement Newfoundland and Labrador Business Hall of

Fame. These individuals are truly role models for our youth.

Now, as we focus on the future, we look forward to continued collaborations with you.

Together, we will educate and inspire youth to succeed.

Jo Mark Zurel Sandra Patterson

Board Chair President & CEO

Mission StatementTo inspire and educate young Canadians to experience free enterprise, understand business and

economics and develop entrepreneurial and leadership skills.

VisionWe will be recognized as vital to the success of our youth in reaching their potential, through

partnership with business and educators in the nationwide delivery of relevant business learning

experiences by inspired volunteers.

ValuesDemonstrate trust and integrity in all that we do•

Respect youth and believe in their potential•

Believe in the free enterprise system and promote entrepreneurial ideals•

Encourage and promote volunteerism and volunteer leadership utilizing Canadian business •

experience

Commit to performance excellence and continually improve all that we do•

Embrace collaborative and strategic alliances•

Demonstrate leadership and teamwork•

Contents

At a Glance 3

Program Descriptions 4

Volunteer Mentors 6

Contributors 10

Educational Partners 14

Business Hall of Fame Governors 16

Financial Statements 18

Board of Directors 20

Staff 21

1A N N U A L R E P O R T2 0 0 9 – 2 0 1 0

At a Glance

Our Business World 55 1181

Economics for Success 109 2684

Company Program A Student Venture - After School 5 79

Company Program A Student Venture - In School 1 21

Dream Big 2 37

Programs Students

Programs

STUDENTS 4002

VOLUNTEER HOURS 5688

STUDENT CONTACT HOURS 24536

PROGRAMS 172

Together with educators and the business community, JA programs give youththe confidence, belief and direction they will need to succeed as leaders and citizens in a global community.

3A N N U A L R E P O R T2 0 0 9 – 2 0 1 0

Our Business World provides practical information to elementary students about the

organization and operation of a business in a free enterprise. Topics are presented to

the students by a business volunteer trained by Junior Achievement. By means of lively

discussions and class activities that are age appropriate, the basic elements of business are

introduced and related to their underlying economic principles.

Economics for Success is an interactive program designed to encourage junior high

students to consider and refl ect on the advantages of remaining in school until they have

acquired the knowledge, attitudes and skills to undertake the longer-term goal of a successful

career. This program is delivered through lessons facilitated by one or more business

volunteers in collaboration with the classroom teacher.

Dream Big, a program for senior high school students, helps them set goals and defi ne a

vision for their future. It focuses on the importance of character, integrity and work ethic.

Through discussions and interactive exercises, students are encouraged to explore their

personal potential.

Program Descriptions

JA Titan introduces high school students to critical economics and management decisions

through an interactive, web- or CD-ROM-based simulation. Students are challenged to

navigate the dynamic changes of our technology-driven global marketplace as they plan

and execute each aspect of a virtual company’s strategy (price, production, research and

development, marketing, capital investment and charitable giving) while competing in the

Holo-Generator industry to become the JA Titan of Industry.

Company Program – A Student Venture offers high school students the opportunity to

learn about the process involved in the conception, organization, operation and completion

of a fi scal cycle of a business. Guided by volunteers from the business community,

participants develop the skills, knowledge and attitudes required to help them increase

their entrepreneurial and leadership skills, while experiencing the activities involved in

offering and delivering a product or service by running a student-led enterprise.

5A N N U A L R E P O R T2 0 0 9 – 2 0 1 0

Volunteer Mentors

Avalon East

Shawn Adams

Christa Alyward

Dana Aylward

Mark Aylward

Samantha Baird

Sarah Bannister

Glenn Barnes

Laura Barnes

Nathan Barnes

Roger Barrow

Bruce Bassett

Brittany Beaucage

Kayla Bishop

Erin Blackmore

Bill Boland

Glenn Bolger

Wanda Brown

Margot Bruce-O’Connell

Dale Butler

Dianne Butler

Steve Butler

Nancy Cahill

Nikki Carew

Karen Chafe

Paul Chafe

Darren Chislett

Jeffrey Churchill

Natasha Clark

Jason Codner

Jeff Collingwood

Melissa Coombs

Tara Croft

Ian Cumbie

Amanda Curnew

Stephen Dawson

Kelly Day

Brent Decker

Dennis Dillon

Sarah Dinn

Gerard Dominic

Roxanne Downey

William Doyle

Ann Marie Drohan

Brian Drover

Meghan Drover

Jonathan Ellis

Melissa English-Barbour

Kyle Ershler

Cathy Favre

Alison Finn

Peter Fitzner

Amy Flynn

Denise Follett

Ryan Froude

Jason Fudge

Meghan Gambin

Betty Gill

Michelle Goodyear

Gary Gorman

Lauren Graham

Mark Green

Alex Griffi ths

Sharon Groves

John Harnett

Dean Harris

Andrea Hatfi eld

Michelle Healy

Danielle Hickey

Jason Higgins

Jeff Hillyard

Adam Hiscock

Tina Holden

Karen Hollahan-Squires

Amy Howlett

Victoria Hua

Peter Hynes

Madelaine Hynes

Sheila Hynes-Brenton

Amanda Ivany

Darryl Jackman

David Jerrett

Robert Jesso

Andrea Kean

David Keating

Nicole Kennedy

Stephen Kent

Michael Kidney

Brian King

Kathy Knox

Jeff Lawlor

Coralie Lewis

Melanie Linehan

Rosie Maddigan

Angela Marsh

Fred Marshall

Emily Martin

Gordon Martin

Colleen McConnell

Ashley McGrath

Robert McNamara

Cory Mitchell

Dionne Moores

Marlene Moriarity

Caroline Mulcahy

Fabian Mulrooney

Sean Munro

Heidi Murphy

Volunteer Mentors are integral to Junior Achievement. We thank the following:

Margo Murphy

Nicole Murphy

David Nippard

Amanda O’Brien-Pilgram

Darren O’Keefe

Stephen O’Leary

Patrick O’Neill

Michelle Park

Lindsey Peddle

Steven Penney

Mark Peters

Gordon Phillips

Patrick Phillips

Fred Philpott

Tiffany Power

Jennifer Reddick

Carla Riggs

Debbie Roche

Tracy Russell

Gertie Ryan-Kavanagh

Wayne Scott

Kari Short

Jeffrey Silver

Gary Smith

Keith Soper

Bonnie St. Croix

Rebecca Stanley

Lisa Sweet

Wendy Thomas

Brittany Tibbo

Jennifer Trask

Amanda Traverse

Rhonda Tulk-Lane

Nadia Veitch

Adam Viscount

Edward Wade

Kimberley Walsh

Paul Walsh

Stephanie Walsh

Melissa Watton

Danielle Williams

Greg Youden

Jo Mark Zurel

Baccalieu Trail

Carolyn Burke

Kimberley Crane

Megan Forward

Robyn Harris

Stacy Harris

Amanda Hindy

Paula Menchions

Laura Saunders

Heather Tite

Burgeo

Ruby Penney

Teresa Peterson

Clarenville

Trudy Burge

Karen Bursey

Paul Neil

Alicia Norris

Christopher Sheppard

Catherine Squires

Gayla Strickland

Deer Lake

Terri Gilbert

Robert Hussey

Dean Major

Gerry Payne

Michael Pye

Gail Roberts

Todd Stark

Denise Stone

Amanda Williams

Gander

Marlene Bishop

Sheila Boutcher

Percy Farwell

Kimberly Murphy

Richard Phillips

Diane Saunders

Chris Temple

Greater Corner Brook

Rhonda Albert

Stephen Barker

Jim Brown

Tracy Buckle

Shelly Buffett

Paula Butt

Lyndon Combdon

Tara Cranford

Peter Davis

Michelle Dormody

Kelly Grouchy

Glenda Hayes

Sherry Kelly

Janice Kennedy

Faron Knott

Erika Lavers

R.J. Locke

Craig Lovell

Rae Miller

Aidan Moores

Tim Moulton

Beverley Penney

Brad Roberts

Sherry Styles

Josephine Swyer

Wayne Thompson

7A N N U A L R E P O R T2 0 0 9 – 2 0 1 0

Willie Tobin

Amy Young

Harbour Breton

Tracie Carter

Danielle Parrott

Labrador Southeast

Roxanne Notley

Margaret Rumbolt

Labrador Straits

Amanda Barney

Robert Hickey

Bruce Moores

Jamie Pye

Labrador West

Crystal Ball

Adam Chaulk

Terry Curran

Cheryl Dickie

Linda Dumaresque

Corinna Freake

Sherry Gallant

Heather George

Paula Krats

Kristopher Lee

Christa Payne

Warren Rego

Ann-Marie Tricco

Dawn Willcott

Placentia

Josephine Barry

Kim Brennan

Glenda Ducey

Don Horlick

Jennifer McCarthy

Claudette Pittman

Wayne Power

Lisa Sampson

Plum Point

Maggie Chambers

Mary Coombs

Barbara Genge

Todd Hancock

Victoria Hynes

Carylon Lavers

Stephanier Mahar

Christopher Mitchelmore

Celie Parsons

Port au Port Peninsula

Geraldine Davison

Cheryl Hayden

Kimberley Kendell

Melissa Martin

Tracy Snow

Port aux Basques

Kimberly Graham

Natashua Osmond

St. Anthony

Caroline Davis

Jim Gibbons

Kelly Rumbolt

George Smith

Contributors

$25,000 + Volunteer Hours

Government of Newfoundland & Labrador (HRLE) 2 98

Atlantic Canada Opportunities Agency

Suncor Energy

Fortis Properties Corporation 1

Steele Communications 1 2 72

The Telegram 1

$10,000 - $24,999 Volunteer Hours

Bell Aliant 2 48

ExxonMobil 2 88

Government of Newfoundland & Labrador (INTRD) 2 182

$5,000 - $9,999 Volunteer Hours

AE Consultants Ltd. 2 64

College of the North Atlantic 1 2 80

Goats Eye Media 1

Newfoundland & Labrador Credit Union 2 116

Scotiabank 2 72

Stewart McKelvey

TotalGroup 1 2 6

RBC Royal Bank 2 92

United Way of Newfoundland & Labrador

$2,000 - $4,999 Volunteer Hours

Atlantic Lottery Corporation

BMO Bank of Montreal 2 62

CBCL Limited Consulting Engineers 2 100

CIBC 2 64

Faculty of Business Administration, Memorial University 2 56

Husky Energy 2 64

Iron Ore Company of Canada 2 22

James Pike, CA 1

Jo Mark & Lynn Zurel 2 100

Newfoundland Power Inc. 2 150

P F Collins International Trade Solutions 2 18

Provincial Airlines 2 92

We are grateful to the following organizations and individuals for their continued involvement and

commitment to advancing the JA mission.

1 In-kind • 2 Donors with participating volunteers

Rotary Club of Corner Brook

Rotary Club of St. John’s Northwest

St. John’s Board of Trade

The Community Foundation of Newfoundland & Labrador

The Keg Spirit Foundation

The O’Neill Foundation

VOCM Cares Foundation

$600 - $1,999 Volunteer Hours

Atlantic Minerals Ltd.

Canadian Manufacturers & Exporters

Canship Ugland Limited 2 6

CBDC Avalon West 2 28

City of Corner Brook 2 8

Eagle River Credit Union Ltd. 2 30

Enterprise Holdings Foundation

Harbour YES 2 84

Hickman Motors Ltd.

Mike Kidney 2 160

Noble Drilling (Canada) Ltd. 2 16

North Atlantic Refi nery Ltd.

Nortip Development Corporation 2 58

Rotary Club of Avalon Northeast

Rotary Club of St. John’s

Royal Canadian Legion, Clarenville

Scotia McLeod

Seabase Ltd.

St. Anthony Basin Resources Inc.

St. Anthony Seafoods Ltd. 2 22

Steers Limited 2 42

TD Canada Trust

The McCain Foundation

Town of Gander

Town of Happy Valley-Goose Bay

Toyota Plaza

Up to $599 Volunteer Hours

American Society of Quality Newfoundland Labrador Section 413

Art’s Electrical

11A N N U A L R E P O R T2 0 0 9 – 2 0 1 0

1 In-kind • 2 Donors with participating volunteers

Bennett Restaurants Ltd.

Institute of Chartered Accountants of Newfoundland & Labrador

Certifi ed General Accountants Association of Newfoundland & Labrador

Constant Contact Cares4 Kids Program 1

Danielle Williams 2 14

Dr. Dulach O’Brien

Eastern Initiatives CBDC Inc. 2 16

Grant Thornton, LLP, St. John’s

Grenfell Handicrafts (1984) Ltd.

H. J. O’Connell Construction Ltd. 2 8

Harold and Maggie Chambers 2 6

Hodge Brothers Ltd.

J N Automotive Supply (2001) Ltd.

L. H. Service Centre Limited

Lions Club of Placentia

Manstan Drugs

Marshall Industries Limited

Metro Business Opportunities Corporation 2 72

Munn Insurance

Newfoundland & Labrador Employers’ Council

Newfoundland & Labrador Hydro 2 16

Noseworthy Chapman Chartered Accountants

Paint Shop, Mount Pearl

Pearl R. Lee, CA

Placentia Area Chamber of Commerce 2 14

Port aux Basques Shopping Centre Ltd.

Renew Physio, Gander

Rotary Club of Lab West

Scotsburn

St. John’s Downtown Development Commission

Stan Pike Insurance

The Western Star 2 8

Town of Conception Bay South

Town of Labrador City

Town of Wabush

Triware Technologies Inc.

Wabush Mines 2 38

Western School District

Educational PartnersDistrict 1: Labrador

Basque Memorial

Henry Gordon Academy

J.R. Smallwood Middle School

Menihek High School

Mountain Feild Academy

William Gillett Academy

District 2: Western

Belanger Memorial School

Burgeo Academy

C.C. Loughlin Elementary

Canon Richards Memorial Academy

Corner Brook High School

Elwood High School

G.C. Rowe Junior High

Grandy’s River Collegiate

Harriot Curtis Collegiate

Holy Cross All-Grade School

James Cook Memorial

Mary Simms All Grade

Piccadilly Central High

Presentation Junior High

Roncalli Central High School

Straits Elementary

Templeton Academy

Viking Trail Academy

Xavier Junior High

District 3: Nova Central

Gander Academy

King Academy

Lewisporte Intermediate

District 4: Eastern

Beachy Cove Elementary

Beaconsfi eld Junior High

Bishops College High

Booth Memorial High School

Brother Rice Junior High

Clarenville High School

Gonzaga High School

Holy Cross Junior High

Holy Family Elementary

Holy Heart High School

Holy Spirit High

Holy Trinity High

I.J. Samson Junior High

Larkhall Academy

Laval High School

Macpherson Elementary

Mobile Central High

Mount Pearl Intermediate

Mount Pearl Senior High

Newtown Elementary

O’Donel High School

Paradise Elementary

Persalvic Elementary

Prince of Wales Collegiate

Roncalli Elementary

St. Andrew’s Elementary

St. Anne’s Academy

St. Francis School

St. George’s Elementary

St. Kevin’s High

St. Kevin’s Junior High

St. Matthews Elementary

St. Michael’s High

St. Paul’s Junior High School

St. Peter’s Elementary

St. Peter’s Junior High

St. Teresa’s School / École Ste-Thérèse

Stella Maris Academy

Villanova Junior High

Virginia Park Elementary

Private

Lakecrest St. John’s Independent School

St. Bonaventure’s College

Business Hall of Fame Governors

Glenn D. Barnes

AE Consultants Ltd.

Jennifer Dalton

Atlantic Lottery Corporation

Chris Collingwood

Baine Johnston Corporation

Geoff Davis

Bell Aliant

Cathy Bennett

Bennett Restaurants Ltd.

Jim Fallon

BMO Financial Group

John H. Patten

Browning Harvey Ltd.

Terry Quinn

Business Development Bank

of Canada

Rick Graham

CIBC Commercial Banking

Corinne Dunne

College of North Atlantic

Brian Groves

Deloitte

Tracey Shave

Eastern Region Business

Solutions

Gail Hamilton

Ernst & Young LLP

Ed Graham

ExxonMobil

Fred Cahill

G.J. Cahill & Company Ltd.

Government of

Newfoundland & Labrador

Jeff Pardy

Grant Thornton LLP

Gordon Manstan

House-Man Limited

James C. Bowne

HSBC Bank Canada

Paul J. McCloskey

Husky Energy Inc.

Ken Bennett

Johnson Inc.

Kathy LeGrow

KA Pratt Group of Companies

Mark Dobbin

Killick Capital Inc

Martin Mollish

Manulife Financial

Jerry White

McCurdy Group of

Companies

Doug Skinner

McInnes Cooper

Gary J. Butler

Metal World Inc.

Derrick Sturge

Nalcor Energy

Scott Stirling

Newfoundland Broadcasting

Company Ltd.

Allison Chaytor-Loveys

Newfoundland & Labrador

Credit Union Ltd.

Stephen Winter

Newfoundland Labrador

Liquor Corporation

Earl A. Ludlow

Newfoundland Power Inc.

Bob Cadigan

NOIA

Gail Fowlow

Pennecon Ltd.

Bernard J. Collins

PF Collins International

Trade Solutions

Bob Moakler

Progress Club

Sean Munro

RBC Royal Bank

Fraser Edison

Rutter Inc.

Helen Quinlan-Hainse

Scotiabank

John Steele

Steele Communications

Daniel Boone

Stewart McKelvey

Jo Mark Zurel

Stonebridge Capital

Alan Brown

Suncor Energy

Terry Greene

TD Commercial Banking

Paul Thomey

THAT PRO LOOK

Charlie Stacey

The Telegram

GORDON MANSTAN

GREAT BIG SEA

FRED CAHILL

PLATINUM SPONSOR

GOLD SPONSORS

SILVER SPONSORS

Financial Statements

ASSETS

Current

Cash and short-term deposits $ 80,350 $ 96,291

Accounts receivable 111,209 51,567

Prepaid expenses 817 2,178

$ 192,376 $ 150,036

LIABILITIES

Current

Accounts payable and accrued liabilities $ 12,358 $ 18,247

SURPLUS

Surplus $ 180,018 $ 131,789

$ 192,376 $ 150,036

2010 2009Balance SheetAs at June 30, 2010

The complete audited fi nancial statements reported by J. Pike & Company are available upon request.

REVENUE

Grants 112,000 17,352

Hall of Fame 111,258 107,804

Programs 105,500 154,688

ACOA – Youth Entrepreneur Development Initiative 60,000 45,000

Futures Unlimited Banquet 982 1,522

Miscellaneous 170 1,385

TOTAL REVENUE $ 389,910 $ 327,751

EXPENSES

Administration Programs

Communications 1,070 6,084 7,154 8,815

Insurance 157 887 1,044 1,152

Interest and bank charges 85 677 762 579

JACAN service fees - 9,432 9,432 8,818

Maintenance 297 1,964 2,261 875

Marketing and communications 383 10,330 10,713 10,659

Meetings and program training 20 1,128 1,148 1,587

Miscellaneous 5 5 10 10

National Junior Achievement insurance 421 2,386 2,807 4,266

Offi ce equipment 460 2,738 3,198 2,197

Offi ce supplies 175 2,052 2,227 2,062

Parking 944 5,125 6,069 4,265

Postage and courier 123 927 1,050 975

Program costs - 21,734 21,734 22,979

Recognition 132 2,200 2,332 780

Rent 2,598 14,723 17,321 20,241

Salaries and benefi ts 35,483 203,796 239,279 250,069

Training and conferences 186 1,081 1,267 5,519

Travel 98 11,775 11,873 14,666

TOTAL EXPENSES $ 42,637 $ 299,044 $ 341,681 $ 360,514

EXCESS OF REVENUE OVER EXPENSES $ 48,229 $ (32,763)

SURPLUS, beginning of year $ 131,789 $ 164,552

SURPLUS, end of year $ 180,018 $ 131,789

2010 2009Statement of Revenue, Expenses and SurplusFor the year ended June 30, 2010

19A N N U A L R E P O R T2 0 0 9 – 2 0 1 0

Chair

Jo Mark Zurel

President

Stonebridge Capital

Vice-Chair

Cathy Favre

Associate Campus Administrator

Prince Philip Drive Campus

College of the North Atlantic

Past-Chair

Wayne Scott

Former Manager, Human Resources

Vale Inco

Treasurer

Ian Cumbie

Senior Manager – Tax

Ernst & Young LLP Chartered Accountants

Secretary

Darren O’Keefe

Associate

Benson Myles

Chair, Business Hall of Fame

Glenn Barnes

President

AE Consultants Ltd.

Chair, Marketing & Communications

Roger Barrow

Regional Sales Manager

Steele Communications

Chair, Programs & Operations

Michael Kidney

Life & Investment Marketing Manager

The Resource Centre, Great-West Life

Chair, Resource Development

Bill Doyle

Business Manager

Steers

Directors

Sarah Bannister

Student

Memorial University of Newfoundland

Glenn Bolger

Chief Operating Offi cer

Newfoundland & Labrador Credit Union

Peter Fitzner

Director Commercial Banking, NL

Scotiabank

Amy Flynn

Student Liaison Offi cer

Faculty of Business Administration

Memorial University of Newfoundland

Dr. Gary Gorman

Former Dean

Faculty of Business Administration

Memorial University of Newfoundland

Board of Directors

StaffJason Higgins

Manager, Regional Economic Planning

Dept of Innovation, Trade and Rural

Development

Dave Keating

Director

Shore Group & Associates Inc.

Gary Smith

Vice President Engineering & Operations

Newfoundland Power Inc.

Keith Soper

Realtor

RE/MAX

President & CEO

Sandra Patterson

Business Manager

Frankie Bagg

Executive/Program Assistant

Denise Walsh

Marketing and Development Offi cer

Danielle Williams

Program Manager

Kirk Leach

Program Manager

Tara Cranford

Program Manager

Shawn Adams

21A N N U A L R E P O R T2 0 0 9 – 2 0 1 0