Junior Achievement of Central Virginia
1801 Libbie Avenue, Suite 203
Richmond VA 23226
Mission Statement Junior Achievement (JA) empowers young people to own their economic success. Delivered by positive adult role models who volunteer their time, JA programs encourage K - 12 students to be entrepreneurial and financially literate while preparing them for the 21st century workforce.
Leadership
CEO/Executive Director Daphne B. Swanson CPA
Board Chair Mrs. Sarah C. Martin
Board Chair Company Affiliation PwC
Contact Information
Address 1801 Libbie Avenue, Suite 203
Richmond, VA 23226
Telephone 804 217-8855
Fax 804 217-8850
E-mail jainfo@jatoday.org
History and Background
Year of Incorporation 1966
Site Visit No
Financial Summary
Revenue vs Expense Bar Graph - All Years
Expense Breakdown Bar Chart - All Years
 
 
Projected Revenue $1,033,000.00
Projected Expenses $1,022,801.00
Additional Documents
JACV Annual Report2014View
JACV 2012 Annual Report2012View
Junior Achievement Annual Report2009View
Statements
Mission Junior Achievement (JA) empowers young people to own their economic success. Delivered by positive adult role models who volunteer their time, JA programs encourage K - 12 students to be entrepreneurial and financially literate while preparing them for the 21st century workforce.
Impact

Junior Achievement of Central Virginia served over 25,000 students in  in Greater Richmond in the 2013-14 academic year.   

JACV programs are highly rated by volunteers and teachers.  98% of teachers stated that they would like JA again, 98% of volunteers stated that their experience was very good or excellent and that they would like to volunteer again, and 96% of volunteers felt the JA staff prepared them for the experience.

Needs

Financial support for program continuation and JA classroom volunteers will have the greatest impact on JACV. We intend to strategically increase our organizational capacity to serve more middle and high school students who need the critical information provided by JA programming while maintaining our strong elementary school presence.

Despite serving over 25,000 students last year, JACV has had to turn away over 100 teachers who requested our classroom programs due to limited resources. The opening of the JA facility in Richmond is a critical step in narrowing this service gap. Now we must ensure we have the volunteers, staff, and materials necessary to maintain and expand traditional programs within local schools while gradually increasing JA Finance Park operations to eventually run the program all year around.  JACV was fortunate to receive a $50,000 challenge grant from the Mary Morton Parsons foundation in 2012 for technology and building improvements in the JA Finance Park facility. This technology grant will ensure we have the infrastructure in place to support a rapid increase in clients. However, it is the program materials, printing/mailings/brochures, staff salaries/benefits, travel, insurance, participation fees (to JA USA), and other program operation costs that we must fund in order to be able to serve all teachers that request JA programs. In addition, since JACV is entirely volunteer driven, we must increase our volunteer partnerships within the business community in order to deliver the programs to students while creating the important and impactful mentor relationships that enhance the JA program materials.
Background

Junior Achievement Worldwide (JA) has been educating and inspiring young people to succeed in a global economy since 1919. With the support of positive adult role models who volunteer their time, JA enables students to understand entrepreneurship, financial literacy, and work readiness. The programs also encourage confidence and motivate young people to achieve their personal, educational, and career goals.

 JA programs help students develop:

* Economic knowledge and understanding through experiential, hands-on learning.

* Positive student attitudes toward work and their contributions to a diverse society.

* Desire to stay in school and develop their abilities and skills.

* Mentor relationships with caring adults throughout the community.

* Business and education partnerships that create a bridge between the classroom and the workplace.

* Awareness of local businesses, industries, and career opportunities.

JA elementary school programs teach students about their roles as individuals, consumers, and workers in the local economy. JA middle school programs offer education and career options, provide information about the effects of globalization, and build a foundation for making intelligent, lifelong, personal financial decisions. JA high school programs teach the fundamentals of micro-, macro-, personal, and international economics, the principles of the banking industry, the interpersonal and problem-solving skills necessary for the workplace, ethical business practices, and the effective use of income to reach personal financial goals.

 Junior Achievement of Central Virginia (JACV) was founded in 1966 and is supported by committed business community leaders who serve on the Junior Achievement Board of Directors as well as an Advisory Board of Directors made up of top level executives. Our Education Advisory Board is comprised of County and City School Superintendents. These professionals provide the organization with valued guidance and support.

A non-profit organization, JACV is generously funded by foundations and area businesses. Individuals also give to the organization and assist with fundraising activities throughout the year. There is no cost to schools and no local or state government funding for JA traditional in-school programs.
CEO Statement

Junior Achievement's purpose is to inspire and prepare young people to succeed in a global economy. As President of Junior Achievement of Central Virginia (JACV), my vision is to position JA programs as urgent and relevant in the changing economy within the Greater Richmond area.  

JACV has been committed to preparing students, kindergarten through twelfth grade, by teaching them about financial literacy, workforce readiness and entrepreneurship. The need for these life skills remains relevant and necessary for our youth of today.
 
As we are increasing the programs and impact within the community it is also important to maintain the staff to support that growth. As leader of JACV my vision is to ensure that we not only have the staff to carry out the growth but that we all have a clear understanding of our strategic goal and are working as team to achieve those goals.
 
As we expand our programming we hope to impact more of the community. Long term JACV aspires to be positioned in the Greater Richmond area as a thought leader and the deliverer of relevant, responsive and innovative programs which build young people's capacity to spur economic development and contribute to the global economic competitiveness.

With your support, JA of Central Virginia exceeded every goal set for 2014. We served over 25,000 students last year – a 16% increase over the previous year. This was accomplished through the dedication of over 2,000 volunteers from over 300 companies. We are also celebrating a 25% increase in JA Finance Park classes and a 14% growth in schools served.

We are excited for the year ahead and continued growth. We will be going paperless in Capital One/JA Finance Park, offering more realistic scenarios and new businesses. We are piloting JA Girl$ to focus on empowering young women through the mentorship of female executives. Additionally, JA Job Shadow will continue to grow, giving high school students the chance to experience a true work environment and learn the skills needed to succeed.

 
Areas of Service
Areas Served
Area
Metro Richmond
Richmond, City
Ashland
Chester
Chesterfield County
Colonial Heights, City
Hanover County
Henrico County
Petersburg, City
Charlottesville-Albermarle
Hopewell, City
Goochland County
Matoaka
Tri-cities Region
JACV programs serve Kindergarten through 12th grade students throughout the greater Richmond region to include Henrico, Hanover, Richmond, Chesterfield, Colonial Heights, Goochland, Petersburg, Powhatan and other smaller local counties. 
Board Chair
Board Chair Mrs. Sarah C. Martin
Company Affiliation PwC
Term July 2017 to June 2019
Email sarah.c.martin@pwc.com
Board CoChair
Board CoChair Mr. Frasier W. Brickhouse II
Company Affiliation Tredegar Corporation
Term July 2017 to June 2019
Email frasier.brickhouse@tredegar.com
Board of Directors
Board Members
NameAffiliation
Ms. Jillian Avey Markel
Mr. Rupesh Bharad Transworld Business Advisors of Richmond, VA
Mr. Benny Bowman Worth Higgins & Associates
Mr. Frasier Brickhouse CPATredegar Corp
Mr. Andrew C. Carington Media General, Inc.
Mr. I. Lee Chapman IVDavenport & Company, LLC
Mr. T. Patrick Collins TowneBank Richmond
Mr. Chad Covellli Elephant Insurance
Mr. Chris Crowe Lumber Liquidators
Ms. Helen Dow Goodwill of Central & Coastal Virginia
Ms. Terrye Enslow McKesson Medical-Surgical
Mr. Robert Fisher KPMG LLP
Ms. Danielle Fitz-Hugh Petersburg Chamber of Commerce
Ms. Danielle Gilbert Bon Secours Health System
Mr. Howard Goldfine Federal Reserve Bank of Richmond
Mr. Mitch Hassell BB&T
Ms. Valerie Heinz CarMax Auto Superstores, Inc.
Ms. Kristin Henshaw Mercer
Mr. Canon Hickman Equity Concepts
Mr. Simon Hodges Dominion Resources
Ms. Kathy Houghtaling Federal Reserve Bank of Richmond
Mr. Bob Huebner Bluestone Process Dynamics
Mr. Brian Johnson Genworth Financial, Inc.
Mr. Charles Kemp Williams Mullen
Mr. Brian Lange First Capital Bank
Mr. Chris Layne EVB
Mr. Toby Leslie Keiter
Mr. Christopher Lucy Accenture
Mr. Eric Mann SunTrust
Ms. Sarah C. Martin PwC
Mr. Matthew McDavid Ernst & Young LLP
Ms. Amy Miller VACO Richmond, LLC
Mr. Aaron Montgomery CarLotz, Inc.
Ms. Mary G. Morris Virginia 529 College Savings Plan
Mrs. Elsa M. Nuñez Brinks Company
Mr. Peter John Ramsey Ph.D.Pfizer Consumer Healthcare
Ms. Angela Roisten Virginia Credit Union
Mr. Benjamin Ross M&T Bank
Mr. Dave Saunders Madison+Main
Mr. Matthew Schaaf Xenith Bank
Mr. Gerard Shaia Dixon Hughes Goodman
Mr. John Sliman Deloitte
Ms. Dorinda Smith SunTrust Mortgage, Inc.
Ms. Leslie Thibodeau Owens & Minor
Ms. Janet Tope Wachovia, a Wells Fargo Company
Ms. Leah Walder Heritage Printing
ms. Kelly Whitley Bank of America
Mr. Duane Williams UPS Freight
Board Demographics - Ethnicity
African American/Black 7
Asian American/Pacific Islander 1
Caucasian 41
Hispanic/Latino 1
Native American/American Indian 0
Board Demographics - Gender
Male 31
Female 19
Governance
Board Term Lengths 3
Board Term Limits 2
Written Board Selection Criteria? Yes
Written Conflict of Interest Policy? Yes
Percentage Making Monetary Contributions 100
Percentage Making In-Kind Contributions 100
Number of Full Board Meetings Annually 6
Standing Committees
Development / Fund Development / Fund Raising / Grant Writing / Major Gifts
Finance
Marketing
Board Governance
Program / Program Planning
Capital Campaign
Executive
Other Boards
The tables below contain information about other groups that advise this nonprofit on operations and projects.
Advisory Board Members
NameAffiliation
Mr. Thomas E. Capps Dominion
Mr. William H. Goodwin Jr.CCA Industries
Mr. Brenton S. Halsey Retired
Mr. Jeffrey M. Lacker Federal Reserve Bank of Richmond
Mr. Charles S. Luck IIILuck Stone
Mr. G. Gilmer Minor IIIOwens & Minor
Mr. James E. Ukrop Ukrop's Supermarkets & First Market Bank
Constituent Board Members
NameAffiliation
Jamie Billingsley Dominion
Executive Director
Executive Director Daphne B. Swanson CPA
Senior Staff
NameTitle
Beverly Bean Director of Development
Mrs. Jennifer Boyle Director of Community Partnerships
Mr. Andrew Kirk Senior Education and Technology Manager
Staff
Full Time Staff 8
Part Time Staff 2
Volunteers 2346
Retention Rate 71
Plans
Organization has a Fundraising Plan? Yes
Organization has a Strategic Plan? Yes
Management Succession Plan? Under Development
Organization Policy and Procedures Under Development
Nondiscrimination Policy Yes
Whistleblower Policy Yes
Document Destruction Policy Yes
Directors and Officers Insurance Policy Yes
Affiliations
AffiliationYear
ConnectRichmond2009
Greater Richmond Chamber of Commerce2009
United Way of Greater Richmond & Petersburg Partnership Agency2009
Petersburg Chamber of Commerce2012
Programs
Description

In Junior Achievement's elementary school programs, children learn concepts and skills in each grade that build on those taught in preceding grades. This sequential approach is designed to show students how the market system works, its relationship to democratic values and their responsibilities in this system. Students learn how and why people assume roles as citizens, consumers, workers, and employers.

 

Each grade-level program includes five required, hands-on activities designed to help young students develop appropriate decision-making and workplace skills. The concepts and skills taught are particularly relevant to their social studies classes and can be integrated with the general school curriculum.

Population Served Children Only (5 - 14 years)
Short Term Success

In kindergarten through third grades, program themes emphasize the economics of family, neighborhood, community, and city. In the fourth and fifth grades, program themes expand to explore regional, national, and world economies. By the completion of each program, students gain valuable understanding of key concepts and vocabulary as emphasized through the real-world experience the volunteer brings to the classroom.

Long Term Success

Junior Achievement programs aim to ensure that students in Central Virginia understand and believe in their potential to succeed in our free enterprise society and in life. We do this by developing the desire in young people to stay in school and appreciate lifelong learning and positive attitudes toward work and contributing to a diverse society.

 

Description Junior Achievement of Central Virginia currently offers four programs for middle schools in Central Virginia. With each program, a volunteer, in cooperation with the teacher, leads activities and discussions related to economic and business topics. Specific programs include
JA Economics for Success,
JA America Works,
JA Global Marketplace,
 JA It’s My Business (after-school program),
and JA Finance Park (capstone program).
Population Served K-12 (5-19 years)
Short Term Success

JA middle school programs programs teach students business and economic concepts, help them prepare for productive careers, and provide experience in personal economics management. By the completion of each program, students gain valuable understanding of key concepts and vocabulary as emphasized through the real-world experience the volunteer brings to the classroom.

Long Term Success

Junior Achievement programs aim to ensure that students in Central Virginia understand and believe in their potential to succeed in our free enterprise society and in life. We do this by developing the desire in young people to stay in school and appreciate lifelong learning and positive attitudes toward work and contributing to a diverse society.

Description
JA offers nine high school programs for students in grades 9-12. They include economic and business curricula, career and success skills instruction, and an after-school student-led enterprise. Programs include:

-JA Company Program

-JA Be Entrepreneurial

-JA Economics

-JA Titan

-JA Success Skills

-JA Exploring Economics

-JA Careers with a Purpose

-JA Personal Finance

-JA Banks in Action

Population Served K-12 (5-19 years)
Short Term Success

JA high school programs programs teach students business and economic concepts, help them prepare for productive careers, and provide experience in personal economics management. By the completion of each program, students gain valuable understanding of key concepts and vocabulary as emphasized through the real-world experience the volunteer brings to the classroom.

Long Term Success

Junior Achievement programs aim to ensure that students in Central Virginia understand and believe in their potential to succeed in our free enterprise society and in life. We do this by developing the desire in young people to stay in school and appreciate lifelong learning and positive attitudes toward work and contributing to a diverse society.

Description There is no more thorough way to educate young people than by using a practical application of knowledge in the academic curriculum. The best intellectual learning occurs in a context that illustrates its practical value. JA’s Finance Park gives students the opportunity to combine practical applications with the general principles they have learned in the classroom. Finance Park offers students personal financial management and career exploration through classroom instruction and active participation in a simulated community. Finance Park is a reality-based, hands-on simulation for 8th grade students. The students learn to make real life budget decisions with real life sitituations.
Population Served K-12 (5-19 years)
Short Term Success JA Finance Park™ teaches students economic and real life concepts, helps them prepare for productive careers, and provides experience in personal economics management. By the completion of the program, students gain valuable understanding of key concepts and vocabulary as emphasized through the real-world experience of the park visit.
Long Term Success Junior Achievement programs aim to ensure that students in Central Virginia understand and believe in their potential to succeed in our free enterprise society and in life. We do this by developing the desire in young people to stay in school and appreciate lifelong learning and positive attitudes toward work and contributing to a diverse society.
CEO/ED/Board Comments

 

Fiscal Year
Projected Revenue $1,033,000.00
Projected Expenses $1,022,801.00
IRS Letter of Exemption
Detailed Financials
Revenue SourcesHelpThe financial analysis involves a comparison of the IRS Form 990 and the audit report (when available) and revenue sources may not sum to total based on reconciliation differences. Revenue from foundations and corporations may include individual contributions when not itemized separately.
Fiscal Year201620152014
Foundation and
Corporation Contributions
$499,316$488,783$394,949
Government Contributions$0$0$0
Federal------
State------
Local------
Unspecified------
Individual Contributions$758,830$67,832$63,204
------
$30,590$18,895$21,510
Investment Income, Net of Losses$29$33$39
Membership Dues------
Special Events$326,750$298,734$351,663
Revenue In-Kind$10,896$101,145$25,327
Other------
Expense Allocation
Fiscal Year201620152014
Program Expense$759,869$712,021$681,070
Administration Expense$161,765$130,047$115,809
Fundraising Expense$148,559$131,247$150,398
Payments to Affiliates------
Total Revenue/Total Expenses1.521.000.90
Program Expense/Total Expenses71%73%72%
Fundraising Expense/Contributed Revenue9%15%19%
Assets and Liabilities
Fiscal Year201620152014
Total Assets$1,058,423$471,288$499,031
Current Assets$582,791$349,503$369,014
Long-Term Liabilities$0----
Current Liabilities$39,363$8,446$38,296
Total Net Assets$1,019,060$462,842$460,735
Short Term Solvency
Fiscal Year201620152014
Current Ratio: Current Assets/Current Liabilities14.8141.389.64
Long Term Solvency
Fiscal Year201620152014
Long-Term Liabilities/Total Assets0%0%0%
Capital Campaign
Currently in a Capital Campaign? Yes
Campaign Purpose To accommodate the growth of the JA Finance Park program by moving to and building out a new expanded space on the third floor of Henrico County's new Libbie Mill Library.
Goal $3,750,000.00
Dates Mar 2016 to June 2017
Amount Raised To Date $2,750,000.00
State Charitable Solicitaions Permit
Solicitations Permit
Solicitations Permit 11/2015View
Comments
Foundation Comments
  • Financial information provided from audited financial statements.
  • Audited Financials and IRS 990s prepared by Mitchell, Wiggins & Company, LLP. 
  • Revenue from "Foundations and Corporations" for FY 2010 also includes support from individuals.