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ANNUAL REPORT2014-15
Transforming Lives
2ANNUAL REPORT
2014-2015
We are on a mission to inspire and prepare young people to succeed in the global economy
3 Transforming Lives (Welcome Message)
4 Our Mission, Vision and Goals
5 Building a Stronger Nova Scotia
7 Program Summary 8 Nova Scotia Business Hall of Fame 2015
9 2015 Governors 10 Awards and Recognition
11 Next Generation Leaders Forum & Pitch It
12 Our Community of Support
14 Board of Directors
15 Financial Results
17 Contact Us & Meet the Team
In This Annual Report
2ANNUAL REPORT
2014-2015Awards & Recognition Celebration
April 2015Nova Scotia Business Hall of
Fame
Pitch It November 2014
““ Company Program for me was definitely more than just learning about work readiness, financial literacy & building entrepreneurial skills. It was an
exposure to working in an environment that helped build and improve strong interpersonal, self-management, communication, and teamwork skills which I myself, and other students can implement in any field we wish to flourish in.
WAFA WAHHAB 2014 Company Program Achiever
2014/15 in Review
Executive Training October 2014
3ANNUAL REPORT 2014-2015
459 Programs
9,817 Students
66,836 Student Participation Hours
596 Volunteers
8,525 Volunteer Service Hours
Welcome message: Our mission at Junior Achievement of Nova Scotia is to inspire and prepare young people to succeed in the global economy. We want youth in Nova Scotia to know that they can build their future and have success right here at home.
On behalf of the Board of Directors and our staff, we want to thank you for your support for the 2014–2015 program year. We had a very successful year because of the amazing commitment of volunteers, donors, sponsors, parents and educators. We set a goal of delivering 400 programs, but surpassed that by delivering 459 programs across the province!
For the school year of 2015–2016, JA Nova Scotia has big goals. We want to reach more than 14,000 students across the province through 600 programs, which represents a 30% increase over last year! To do so, we will need the assistance of over 900 volunteers. To reach our program goals, we also need to increase investor support by 20%. Your continued support is critical to our success.
Please enjoy this report of our 2014–2015 program year and share in our celebration of success for today’s youth and tomorrow’s leaders.
Sincerely,
Wendy Brookhouse Kristin S. Williams Chair, Board of Directors President & CEO
Transforming LivesJunior Achievement!
I love that Junior Achievement
gives us the freedom to explore
every detail and inner workings
of a business
ALEXA BORDAGEJA Achiever 2015
4ANNUAL REPORT
2014-2015
Junior Achievement of Nova Scotia provides hands-on experiential learning in the classroom and through extra-curricular activities. Programs focus on three educational pillars: financial literacy, workplace readiness, and entrepreneurship. JA recruits volunteers from the business community to collaborate on the delivery of programs, which exposes students to real world business perspectives and ideas.
For every $1 invested into JA programs, $45 is created in economic prosperity.
Mission and Core Purpose: To inspire and prepare young people to succeed in the global economy.
Organizational Objectives:
• Develop a skilled and talented workforce;
• Motivate a generation of responsible citizens;
• Secure our future economic prosperity;
• Ensure Canada’s competitiveness in a global market; and
• Build vibrant and healthy communities.
Educational Pillars Linked with Success in Business:
• Financial Literacy
• Workplace Readiness
• Entrepreneurship
Our Value Proposition:
• Achievers are 25% less likely to be unemployed
• Achievers are three times more likely to plan for their future
• Achievers are three times more likely to be managers than their peers
• Achievers are twice as likely to study and work in business
• Achievers are 50% more likely to open their own business
About Junior Achievement
Achievers are 25% less likely to be unemployed
25%
5ANNUAL REPORT 2014-2015
Junior Achievement is helping to build future economic prosperity by investing in today’s youth—tomorrow’s business leaders and entrepreneurs. JA is playing a critical role in educating youth about entrepreneurs. We believe that JA should be in every school in Nova Scotia. We promote entrepreneurship, we provide excellent training and we are expanding business activity by creating more enterprises and entrepreneurs.
Our Signature ProgramsOur Business World Dollars with Sense
Teaches business basics: organization, marketing, human resources and
production. Introduces students to the world of business.
Teaches financial literacy: personal spending, saving, real costs, budgeting
and investing.
Economics for Success Company Program
Teaches about the importance of education and its link to future success with goal setting exercises and career reflection
Teaches the full cycle of entrepreneurship, from research
development, marketing and sales, production and finance.
Achievers are 3 times more likely to plan for
their future
3X
Building a Stronger Nova Scotia
Contribution to Economy and Alignment with Community Priorities:
• Delivering excellence in entrepreneurial and financial literacy education
• Enhancing curriculum with career reflection and financial literacy programs
• Encouraging labour attachment and bringing labour market information into the classroom
• Addressing youth unemployment and encouraging post-secondary education
• Contributing to overall economic prosperity by producing more financially literate graduates with accelerating leadership potential
of Achievers are more likely to open their own business50%
7ANNUAL REPORT 2014-2015
Junior Achievement of Nova Scotia had a very successful program year. We delivered a total of 459 programs, surpassing our goal of 400. We introduced the Virtual Investment Strategy Program and increased the number of Dollars with Sense programs by 11%. Three of our key programs went through a national revamp and we were able to pilot these new versions in school in the Spring.
Programs Delivered in Community JA delivers programs both inside and outside of the classroom.
We also had great outreach within our community. We established Company Program at the Phoenix Youth Centre again this year. We also piloted Company Program with Black Business Initiative, which brought in our youngest entrepreneurs to date. All of the students had a wonderful learning experience and are looking forward to expanding their skills in the future.
Program Delivered Students Volunteers Student Hours
Volunteer Hours
Our Business World 52 1,144 51 4,576 306
Dollars with Sense 83 1,755 87 14,040 1,044
Economics for Success 281 6,367 405 25,468 3,240
A Business of Our Own 7 117 5 468 30
Investment Strategy 2 22 0 440 0
TITAN 1 9 0 54 0
Company Program 33 403 48 21,790 3,905
Totals 459 9,817 596 66,836 8,525
These students learn valuable skills related to developing and operating
a business. Critical thinking, leadership and speaking skills
are also developed through this program. Students learn first hand
the role of businesses in our society
JULIE LOHNES Guidance Counselor
Program Summary 2014-2015
8ANNUAL REPORT
2014-2015
Celebrating Our Success in Nova Scotia: Business Hall of Fame
Jean-Paul and Louis D
eveauM
ichael Duck
Colin M
acDonald
Sponsors: Stewart McKelvey, East Coast Credit Union, Egg Studios, Revolve, Micco Companies, Nova Scotia Power, Rogers Communication, Chorus Aviation, Air Canada, Freeman Audio and Visual, Rebecca Clarke Emotive Photography
The Business Hall of Fame recognizes the contribution made to business by successful leaders and entrepreneurs. Each year, Junior Achievement of Nova Scotia and the Business Hall of Fame honour individuals who inspire our business community and future business leaders with a record of unparalleled lifetime achievement.
2015 Laureates:Jean-Paul and Louis Deveau
The Deveaus’ company, Acadian Seaplants, is a centre of excellence, winning numerous awards for technology, environmental stewardship and innovation. Acadian Seaplants employs over 300 employees in 8 countries and over 500 seasonal harvesters; exporting products for people, animals and plants to over 80 countries.
Michael Duck
Michael Duck invented the first portion controlled cream dispenser, an invention which today has become the industry standard for the largest restaurant chains throughout North America. SureShot Solutions helps customers drive revenue by expanding available condiment variety, while reducing costs, improving food safety and enhancing speed of service.
Colin MacDonald
Colin E. MacDonald is Chairman and co-founder of Clearwater Seafoods Incorporated and co-owner and director of Clearwater Fine Foods Inc. Colin is frequently acknowledged for his community involvement and industry leadership. His extensive career has led to several leadership roles within the seafood business and within the community organizations.
Our Laureates were inducted into the Business Hall of Fame at a Gala event and fundraiser on May 28, 2015.
9ANNUAL REPORT 2014-2015
Chair: Carole-Ann Miller
Jean-Paul (JP) Deveau, Acadian Seaplants Louis Deveau, Acadian Seaplants Sean Murray, Advocate Printing & Publishing Bruce Hill, Atlantic Acura Valerie Roy, Atlantic Chamber of Commerce Inc. Brent Scrimshaw, Atlantic Lottery Corporation Dan McKeen, Bell Aliant Wendy Brookhouse, Black Star Wealth Partners Michael DeVenney, Bluteau DeVenney Gary Anderson, BMO Bank of Montreal Gina Gale, Business Development Bank of Canada Keith Brown, Cape Breton University Paula MacNeil, Cape Breton University Steve Parker, CCL Group Greg O’Malley, CETAS Advisory Ralph Medjuck, Centennial Hotels Ltd. Richard Calder, Charm Diamond Centres Ian Penny, CIBC Colin MacDonald, Clearwater Fine Foods Inc. John Risley, Clearwater Fine Foods Inc. Roy Cluett, Cluett Insurance Brokers Inc. Chris Keevill, Colour Noël Després, Comeau Seafoods Daniel Gallivan, Cox & Palmer Marie Mullally, Credit Union Atlantic Frank Sobey, Crombie REIT / Empire Company Paul Greeley, Deloitte Ken Shea, East Coast Credit Union John Lindsay, East Port Properties Ltd. Aubrey Palmeter, EastPoint Engineering Mike Hachey, Egg Studios Bruce Marchand, Emera Inc. Rob MacQueen, Encana Darrell Bontes, Ernst & Young Steven Joyce, Fox Harbour Resort Michele Williams, Grant Thornton LLP Michele McKenzie, Greater Halifax Partnership William Hardman, Hardman Group Ltd. Chris Smith, Heritage Gas Henry Demone, High Liner Foods Inc. Stephen Plummer, IMP Group International Inc.
Board of Governors Nova Scotia Business Hall of Fame
Celebrating Our Success in Nova Scotia: Business Hall of Fame
Stephen Duff, Innovacorp Joe Randell, Jazz Aviation LP Mark Surrette, Knightsbridge Robertson Surrette Douglas Reid, KPMG MSLP Michael Brien, Macdonald Chisholm Trask Insurance Al MacPhee, MacPhee Ford Carole-Ann Miller, Maple Trade Finance (CAMSA) Rob Dexter, Maritime Travel Inc. Adam Baggs, Master Merchant Systems Pierre-Yves Julien, Medavie Blue Cross Mickey MacDonald, Micco Companies Ltd. Grant Ferguson, Michelin North America (Canada) Inc. Hugh Smith, The Municipal Group of Companies Mark Sidebottom, Nova Scotia Power Bob MacKinnon, Nova Scotia Provincial Lotteries & Casino Corporation Robert Steele, Newcap Inc. Pat d’Entremont, Nicom IT Laurel Broten, NSBI Jim Mills, Office Interiors Stephen O’Regan, O’Regan’s Automotive Group John Bragg, Oxford Frozen Foods Ltd. Roger Howard, RBC Philip Jenkins, RBC Dominion Securities Phil Otto, Revolve Troy Harnish, Rogers Communication Rosalind Staples-Simpson, Royal Sun Alliance Insurance Company of Canada Colin Dodds, Saint Mary’s University George Bishop, Scotia Investments Limited Jim Rogers, Scotiabank Bethany Moffatt, Scotiabank, Commercial Banking Doug Ettinger, Scotsburn Ice Cream Company Mark Shannon, Seaboard Transport Group Jim M. Spatz, Southwest Properties Ltd. John Rogers, Stewart McKelvey Michael Duck, SureShot Dispensing Dean Robertson, The Shaw Group Ltd. Cathy Keating, Touch of Gold Joe Wilkie, WBLI Ian Wilson, Wilsons Fuel Co. Ltd
Awards and RecognitionAward RecipientExecutive Award Nathaniel McIntyre, Samantha Mensah-Asiedu, Kyle Houghton, Maria Fernanda Cano
Company Merit Award Isobel Tyler, Sonnie Desbiens, Jerrid Willigar, Frido Vincent Bosold, Josh Schlaganweit, Connor Verge, Julie Veno, Zachary Ford, Erin Gould, Ben Oakley Perseverance Award Refined
Host Participation Award Amethyst Boutique, Halifax West High School, Millwood High School
Best Business Plan Etch It!
Student Ambassador Award Wafa Wahhab, Sophia Hein, Katie Fife, Megan Joudrey
Best Shareholders Report Etch It!
Best Social Media Reizen Apparel
Highest Net Proft Muggies
Salesperson of the Year Simon Mutabazi
Advisor of the Year Jacquie Wilson, Pieter Heydenrych, Dave White, Shawn McIlwrick
Advisor Team of the Year Etch It!, Lobster Limited, Muggies
Annual Trade Fair Award Simply Scentsible
Outstanding First Year Achiever Wafa Wahhab, Reizen Apparel
JA Month Award Reizen Apparel, Lobster Limited
Catherine Colson Memorial Scholarship Maria Fernanda-Cano, Lighting the Way
Dalhousie University Scholarship Lori Anthony, Coastal Concrete
St. Mary’s University Scholarship Connor Grey, Julie Veno, Kelsey Everett
Vice President, Human Resources Megan Joudrey, Lighting the Way
Vice President, Finance Nathaniel McIntyre, Lobster Limited
Vice President, Environment. Health and Safety Sophia Hein, Lauren Soulsby
Vice President, Digital Technologies Christopher Wilson, Muggies
Vice President, Marketing and Sales Simon Mutabazi, Reizen Apparel
Vice President, Production Blake Savoie, Lobster Limited
NEXT Conference Connor Fullerton, Cassia Bard
President of the Year Wafa Wahhab, Reizen Apparel
Achiever of the Year Lori Anthony, Coastal Concrete
Company of the Year Lobster Limited
11ANNUAL REPORT 2014-2015
Connecting with Global Youth Leaders
NGL has shown me the intensity youth can have in finding innovative and
creative solutions, if we all come together and work
as a whole.
MARIA FERNANDA CANO 2014 NGL Attendee
Atlantic Region Sponsor: Deloitte
In August 2014, Junior Achievement welcomed more than 3,000 global high school students to Trent University in Peterborough, ON for the annual Next Generation Leaders Forum. Students from across the country and around the world participated in a week-long learning experience. Ambassadors from Canada, Bahamas, the Cayman Islands, Denmark, Germany, Hong Kong, Jamaica, Northern Ireland and the Republic of Ireland, Norway and the United States of America were present.
NGL provides students with an amazing opportunity to collaborate with their global peers in order to build new skills and perspectives. Attendees tackle local business challenges through engaging workshops and hands-on activities.
Deloitte sponsored Colin MacIntosh, Evelyn Hein, and Maria Fernanda Cano to attend from Nova Scotia.
Presenting Sponsor: CBC
Sponsors: Credit Union Atlantic LaHave River Credit Union
Pitch-It! is JA’s version of CBC’s Dragon’s Den. Young aspiring entrepreneurs from JA’s Company Program pitch their business concepts to a panel of local business leaders and celebrity coaches! Regional events were held in Bridgewater, Halifax, and Truro. All company program participated in a provincial online video competition in January, hosted by CBC with the winner being declared by re-tweets through their Twitter accounts.
NGL Forum 2014
Pitch-It! 2014Provincial Winners:
Reizen Apparel, Halifax West High School
Regional Winners:
Coastal Concrete, Liverpool
Reizen Apparel, HRM
Muggies, Parrsboro
Our Community of Support
Financial Investors:
$50,000+ Education and Early Childhood Development
$10,000+ACOA Clearwater Seafoods LP East Coast Credit Union ERDT HSBC Nova Construction RBC Foundation Saint Mary’s University Alumni Scotiabank Stewart McKelvey
$5,000+Actuarial Foundation of Canada ADP Cape Breton Regional Municipality Chorus Aviation (Jazz) CIBC Credit Union Atlantic Economical Insurance Encana ExxonMobil Fred & Elizabeth Fountain Halifax Executives Association High Liner Fine Foods Micco Companies Limited Nova Scotia Power Port Hawkesbury Paper RBC Rogers Communications Sobeys
$2,500+ NS Cooperative Council BMO Bank of Montreal Deloitte Community Credit Union LaHave Credit Union Michelin-Bridgewater Michelin-Granton Michelin-Waterville Scotia Investments Limited Antigonish Farmer’s Mutual Canada Summer Jobs Grant Workers Compensation Board of Nova Scotia
$1,000+Aspotogen Herritage Trust Coast Financial Credit Union McCain Foundation Nautel TD Bank
$500+Chamber Awards Yarmouth Municipality of the District of Yarmouth NSCC Fundraiser Pictou County Chamber of Commerce Municipality of West Hants Willowbrae Childcare Academy
$100+Cassa Business Equipment CIBC Wood Gundy Lighthouse Media Group
13ANNUAL REPORT 2014-2015
Our Partners:
Free Enterprise Society $10,000 Dr. Brad McRae
Chairman Society $5,000Ernie Thrasher
1969 Founders SocietyChris Harker Joe Randell Miriam Zitner
Volunteer PartnersADP Bell Aliant CDENE CIBC CITCO Clearwater Seafoods LP Coastal Credit Union Credit Union Atlantic Deloitte East Coast Credit Union Economical Insurance High Liner Foods IBM Jazz Aviation KPMG LaHave Credit Union Marlant New Ross Credit Union RBC Royal Sun Alliance Scotiabank SMU MBA
Scholarships & Awards Colson Family Dalhousie University Dick Crawford Digital Nova Scotia Ernst and Young HRANS In a Box Nautel Limited Nova Scotia Power Saint Mary’s University Stewart McKelvey
In Kind PartnersAir Canada CBC Egg Studios Newcap Radio Rebecca Clarke Photography Revolve Saint Mary’s University Sunshine Renewable Energy World Trade & Convention Centre Xerox
Executive Board of Directors
Board of Directors at Large
Working with the students in Company
Program has been particularly rewarding.
Watching participants learn and grow as
they work to build a successful company has
been an amazing experience.
PATRICK HENRY Company Program Advisor
Wendy Brookhouse Chair Black Star Wealth Partners
Paul Bugden Secretary Eastlink
Mark Parkhill Vice Chair & Treasurer KPMG
Dave MacDonald Past Chair East Coast Credit Union
Kristin Williams President & CEO JA Nova Scotia
Michael Brown Clean Simple
Jennifer Chiasson Nova Scotia Business Inc
Wayne Crawley Karma Gaming
Paul Greeley Deloitte
Chris Harker Imagine8 Consulting
Earl MacLeod WBLI Chartered Accountants
Gordon Neal Fun-Raiser Inc.
Karn Nichols Devonian Coast Wineries Ltd.
Mark Sidebottom Nova Scotia Power
Bruce Young RBC
Miriam Zitner Stewart McKelvey
15ANNUAL REPORT 2014-2015
The audited statements were prepared by Collins Barrow Nova Scotia Inc. Junior Achievement has prepared these summary financials to be included as part of the annual report. Complete audited financial statement for the year ending June 30, 2015 are available upon request.
Assets 2015 2014 Cash and investments $255,924 $243,898 Accounts receivable and other assets $89,535 $161,514 Total Assets $345,459 $405,412
Liabilities 2015 2014 Accounts payable and accrued liabilities $61,408 $91,846 Obligation under capitol lease $9,193 $11,968 Deferred Revenue $15,120 $41,740 Total Liabilities $85,721 $145,554
Net Assets 2015 2014 Unrestricted $247,625 $247,866 Externally restricted $12,113 $11,992 Total Net Assets $259,738 $259,858
[Total Liabilities and Net Assets] $345,459 $405,412
Revenues 2015 2014 Funding events $240,650 $243,840 Sponsorships and donations $391,241 $394,360 Government Grants $112,093 $103,123 Investments $1,286 $2,011Total Revenues $745,270 $743,334
Expenses 2015 2014 Administration and general $74,660 $50,319 Fundraising $173,440 $219,427 JACAN fees $28,882 $27,096 Program expenses $72,606 $84,646 Rent $44,435 $42,637 Human resources $351,367 $357,579Total Expenses $745,390 $781,704
Excess/Deficiency -$120 -$38,370
Financial ResultsKristin Williams President & CEO JA Nova Scotia
Mark Sidebottom Nova Scotia Power
Bruce Young RBC
Miriam Zitner Stewart McKelvey
JA doesn’t just teach
entrepreneurship; it also
teaches skills like team work,
communication, organization,
and how to be goal oriented,
optimistic, and creative. JA
helps students learn new skills,
strengthen skills they already
have, and also to learn how to
have a career in business.
JULIE VENOAlumni 2015
Achievers are three times more likely to be managers than their peers3X
17ANNUAL REPORT 2014-2015
Junior Achievement of Nova Scotia
Kristin Williams
President & CEO
Maria MacDonald
Program Manager
Emma Brophy
Outreach Coordinator
Brenda Kenney
Director of Programs
Blanka Mitrović
Program Manager
[email protected] Ghalia Mohamad
Program Assistant
Shakara Joseph
Director of Strategic Partnerships
Sarah Porter
Program Manager
[email protected] Sheryl MacDonald
Office Manager & Exec. Asst. to the CEO
Meet the Team
janovascotia.ca
2068-6960 Mumford Road Halifax, NS B3L 4P1
T: 902. 454. 4564
F: 902. 454. 4514
Charitable Registration No: 10755 4271 RR0001
/JANovaScotia
@JANovaScotia
Junior Achievement of Nova Scotia
/JANovaScotia
6960, Suite 2068 Mumford Road, Halifax, NS B3L 4P1
1 (902) 454-4564
Charitable Registration: 10755 4271 RR0001
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