jabcannualreport oct 23 2006-final

To inspire and educate young Canadians

to experience free enterprise, understand

business and economics, and develop

entrepreneurial and leadership skills.

Annual Report 2005 - 2006

JUN IOR ACHIEVEMENT OF BR IT I SH COLUMB IA

3 Our Mission, Essence and Values3 Our Mission, Essence and Values

4 Message from the Chair and President4 Message from the Chair and President

5 Our Impact5 Our Impact

6 JABC Highlights6 JABC Highlights

7 Business Laureates of British Columbia Hall of Fame7 Business Laureates of British Columbia Hall of Fame

8 Powerful Partnerships8 Powerful Partnerships

10 Meet Our Role Models10 Meet Our Role Models

12 A Place to Succeed12 A Place to Succeed

14 Our Dedicated Donors14 Our Dedicated Donors

16 Statement of Financial Position/Operations16 Statement of Financial Position/Operations

18 Board Members and Committees18 Board Members and Committees

19 Staff19 Staff

TABLE OF CONTENTS

Our mission is to inspire and educate young Canadians to experience free enterprise, understand business and economics and develop entrepreneurial and leadership skills.

JABC is passionate people inspiring BC’s youth to learn the economics of life!

Entrepreneurial Spirit

Excellence

Integrity

Joy

Life-long Learning

Relationships

Stewardship

Volunteerism

OUR MISSION OUR ESSENCE VALUES

ANNUAL REPORT 2005 - 2006 JUNIOR ACHIEVEMENT OF BR IT I SH COLUMBIA 3

Business education is more important than ever. Small business represents 98% of all our small businesses and accounts for 57% of private sector jobs. Junior Achievement of British Columbia (JABC), in partnership with our stakeholders, is helping to build the business leaders of tomorrow, giving youth the skills they need to compete in a competitive and global market.

Our programs continue to inspire, enlighten and educate, as we embrace change in our province. This year, the Board of Directors approved a new Strategic Plan that will boldly guide us over the next three years. The plan lays out three goals – program relevancy; sustainability; and operational excellence. A number of initiatives are already underway.

One such initiative was the creation of the Business Laureates of BC Hall of Fame. This announcement was met with an overwhelming response from the business community and three inaugural Laureates were inducted at a Gala Dinner and Induction Ceremony in May. Our special thanks to Jim Shepard, Chair, and Barbara Brink, Co-Chair, for their strong leadership and dedication to this hugely successful event.

In May, JABC was awarded a $2 million grant from the provincial government. This new funding will provide us with the opportunity to expand our reach in a measured and focused way ensuring access to JA programs in communities not served in the past.

Nevertheless, our existing and long-standing donors remain essential to our success, as the province’s funding will be used specifically for expansion purposes. We simply can’t thank our corporate and individual donors enough for their generosity and continued belief in our mission.

Our commitment to involve the community partners extends across the province. In January, we hired Anne Sashikata as Community Relations Manager. The position was created to ensure we have the resources to build key relationships and recruit volunteers who advance the education and future achievements of youth.

This year approximately 860 volunteers mentored over 26,000 JA students. Our volunteers are the ones who bring the real world of work into the classroom and inspire the next generation of business leaders. We could not deliver our programs without

them and we thank them for their dedication and enthusiasm!

And, of course, we are very proud of our JA students who continue to surpass our expectations. Again, this year, they participated on national and global stages, representing BC and Canada in conferences and competitions across North America.

JABC’s future is filled with ambitious plans, led by a bold vision of expansion. With the ongoing support from our donors, volunteers and educators, JABC will accomplish this while ensuring we maintain the quality and commitment in communities we already serve.

Steve WilsonChair, Board of Directors

Jan Bell-IrvingPresident

4 JUNIOR ACHIEVEMENT OF BR IT I SH COLUMBIA ANNUAL REPORT 2005 - 2006

“Our programs continue to inspire, enlighten and educate, as we embrace change in our province.”

MESSAGE FROM THE CHAIR AND PRESIDENT


Elementary School (Grades 3 to 7)

Linking the Classroom to the Business World

The Business Basics Series 310 classes 9,300 students

Middle School (Grades 8 to 10)

Developing Life-long Skills for Everyday Use

Economics of Staying in School (ESIS) 217 classes 6,510 students Dollars with Sense 234 classes 7,020 students Investment Strategies Program (ISP) 47 classes 1410 students

High School (Grades 11 and 12)

Preparing for the Workplace

Company Program – A Student Venture 22 classes 660 students JA Titan 50 classes 1500 students

Total Students Reached in British Columbia in 2005 – 2006:

26,400

Irene Peng, a grade nine student at Killarney Secondary School in Vancouver

participated in JABC’s Investment Strategies Program (ISP), and won the ‘Invest

JA’ Stock Market Simulation – Top BC Team for Spring 2006. Irene, who called

herself “Team Ipeng” for the competition, ended with a portfolio value of over

$170,000, a return on investment (ROI) of $70,000 in just six weeks!

“The Invest JA Simulation has really taught me the importance of taking risks and stepping out of my comfort zone. Currently, I’m investing (for real) in a few companies and later this year, I plan to focus on my art.”

Irene Peng, 2006 winner of Invest JA

OUR IMPACT

Devon Webster and Alicia Woodside, JABC Entrepreneurial

Spirit Award winners and students from Centennial Secondary

School in Coquitlam, founded the Centennial Business Club as

part of JA’s Company Program. In 2006 their company won the

CIBC Student Venture of the Year and the National Company of

the Year Awards.

“Junior Achievement allowed me to connect with others with similar ambitions, and gave me an edge to be accepted directly into the Commerce program at UBC this year.”

Alicia Woodside

JA Students Succeed JA Celebrates JA Plans for the Future

• In August 2005, students from Mount Douglas Secondary School in Victoria won Junior Achievement Canada’s National Company of the year Award

• Team “Eagles 1” from Richmond Secondary School competed against 23 other teams and won the Final round of the BC Business Challenge in January 2006.

• JA students in Vernon represented Canada at the Hewlett-Packard Global Business Challenge in California

• JABC Victoria Regional Office wrapped up the 50th Anniversary celebration with a mix and mingle event in September 2005

• “A World of Choices-Vancouver” Career Conference celebrated five years of inspiring young women to reach their career goals

• Victoria Regional Office pilots a combined young men’s and women’s “A World of Choices” event in November 2005

• In May 2006, the Provincial Government announced a $2 million grant to expand JA programs across the province

• In May 2006, JABC launched the Business Laureates of BC Hall of Fame honouring individuals, past and present, for their outstanding achievements in business and contributions to British Columbia

JABC HIGHLIGHTS


Each year, new Laureates will be formally welcomed into The Business Laureates of BC Hall of Fame at the Gala Dinner and Induction Ceremonies. Nominated by their peers, inductees are selected following a careful review of all nominations by our independent Selection Committee — a distinguished panel representing BC’s foremost business, academic and media institutions.

They Built. We Benefit.

These words represent the foundation of the Business Laureates of British Columbia Hall of Fame. While they may have succeeded in different industries, at different times in our history, and in different parts of our great province, the Laureates who have the respect of their peers, exemplify excellence, integrity, and sound business ethics. Their careers are legendary.

The Canadian Business Hall of Fame previously inducted 136 exemplary leaders from across the country and we honoured the twelve British Columbia Laureates at a special luncheon on February 16, 2006. They included:

Irving Ike Barber O.C. O.B.C.

Charles Bentall

L.L.G. (Poldi) Bentley

Hon. John V. Clyne C.C.

Frank A. Griffiths F.C.A.

Dr. Norman B. Keevil O.C.

Leon J. Koerner

H.R. MacMillan C.C.

G.W. Grant McConachie

William M. Mercer

Jim Pattison O.C. O.B.C.

Charles Woodward

Vision. Leadership.

Integrity. Legacy.

On May 18, 2006 we welcomed Thomas J. Foord O.B.C., John S. MacDonald O.C., and Donald B. Rix MD, O.B.C., as the three inaugural Business Laureates of BC at the Gala Dinner and Induction Ceremonies.

The award presented to each Laureate acknowledges the spirit of the greatest leaders and mentors in our province. These Laureates have demonstrated a Vision unique among their peers, provided Leadership to move others to achieve their goals, led their lives with true Integrity and built Legacies that will enrich those who follow.

The inaugural inductees, along with the 12 Canadian Business Laureates, will lay the foundation for their peers and future Laureates as the Business Laureates of British Columbia Hall of Fame becomes the place of honour for our greatest business leaders and mentors. Their stories will be preserved for generations to come.

Leaving Legacies

Junior Achievement British Columbia (JABC)

is proud to announce the newly formed

Business Laureates of British Columbia Hall

of Fame. Created to honour the outstanding

contributions of BC business leaders to our

province and country, the Hall of Fame will

stand as a testament to the positive legacy

they provide to the enterprising youth of

British Columbia.

Thomas J. FoordO.B.C.

John S. MacDonaldO.C.

Donald B. Rix MD O.B.C.

BUSINESS LAUREATES OF BRITISH COLUMBIA HALL OF FAME


Provincial Government Austeville Properties Western Economic Diversification Canada

In May 2006, the Provincial Government announced it would provide a $2 million grant to help expand Junior Achievement throughout BC. The funding, provided by the Ministry of Small Business and Revenue, and the Ministry of Education, will be used to ensure JA programs will be available to all school districts by 2010.

“We want more students to have basic business and f inancial skills, and these school programs will give young people the knowledge and confidence they need to thrive in our fast-paced world. Junior Achievement’s programs will help train and inspire new generations of entrepreneurs, innovators and business leaders.”

The Honourable Gordon CampbellPremier of British Columbia

For 14 years Austeville Properties has provided Junior Achievement of British Columbia with much needed office space in downtown Vancouver. This significant gift means that we have been able to use more of our development dollars to directly service youth through our business education programs. Austeville Properties understands the vital role JABC plays in educating young people and the importance of providing innovative business opportunities to students.

By supporting JABC since 2001, Western Economic Diversification Canada (WD) has been able to make a direct investment in activities that develop and diversify the Western Canadian economy. Our programs that have benefited from their funding include JA Titan, “A World of Choices” Career Conferences, and the BC and Inter-Provincial Business Challenges. WD has also played an enormous role in helping us sustain communities in the North by funding the Prince George office and providing funds to develop community partners throughout the province.

“Canada’s New Government proudly supports Junior Achievement British Columbia in nurturing and inspiring future leaders. Along with many adult volunteers, we want to help young people to have the chance to achieve their highest potential wherever they live.”

The Honourable Carol Skelton, Minister of Western Economic Diversification and Minister of National Revenue

POWERFUL PARTNERSHIPS Fund Development


RBC Foundation The Lotte and John Hecht Memorial Foundation

HSBC Bank Canada

For over 20 years, RBC Financial Group has been supporting JABC and most recently, specifically for the “Economics of Staying in School” program. With both financial and volunteer support for this program, they have helped thousands of students understand the importance of education as it relates to their long-term career goals.

“RBC Financial Group is proud to support initiatives that help young Canadians realize their potential. A key area of interest for RBC are programs that help keep kids in school, as well as those that provide f inancial literacy programs to youth. That is why for over 20 years RBC has been dedicated to Junior Achievements programs including the ‘Economics of Staying in School’ by providing f inancial support and RBC employees as volunteers.”

Tim ManningRegional Vice-President,

Commercial Banking, BCRBC Financial Group

The Lotte and John Hecht Memorial Foundation is one of JABC’s longest standing donors. Supporting JABC since 1976, their mandate is to support economic education that promotes the principles of a free market. Their funding has contributed to the growth of the “Company Program – A Student Venture”, the “Business Basics” Series and most recently the “Economics of Staying in School” program.

HSBC Bank Canada has been a long-standing supporter of JABC and in 2004, they helped launch the “Investment Strategies Program” with significant financial and volunteer support. This program teaches youth to make smart, socially responsible investment choices by instilling financial knowledge and explaining what options are available for saving and investing their money.

“HSBC Bank Canada is very pleased to support Junior Achievement of British Columbia’s ‘Investment Strategies Program’. This innovative program encourages students to be f inancially responsible by teaching them how to save and invest. By supporting educational programs such as this one, HSBC Bank Canada seeks to build the confidence and abilities of young people.”

Lindsay GordonPresident and Chief Executive Officer

HSBC Bank Canada


We are pleased to announce that Brian Phillips has won the H.E. Miskiman

Leadership Award for 2006. This award was established to recognize a

volunteer who has made a significant contribution to Junior Achievement.

Brain has been volunteering with JABC since 2002, most recently as a

member of the Board of Directors and business consultant in the ISP

program. His involvement with Junior Achievement goes back 35 years when

Brian participated in The Company Program in Edmonton.

Opposite page, clockwise from top left:Cindy Muscroft, RBC Royal Bank; Ricky Dhiman, Westminster Savings Credit Union; John Hinze, BC Securities Commission; Jody Bialowas and Clara Clayton both from Petro-Canada

What could be more impressive than people who donate their time, knowledge, energy and enthusiasm to affect the lives and learning of a student? This year more than 860 JABC volunteers made a commitment to help us lead and enhance the lives of youth around British Columbia. By sharing their own business and career experiences, they become real-life examples of successful people in the business world.

Our volunteers are from a vast array of industries and positions. Many of our corporate supporters have recruited and encouraged their employees to participate. Members of community groups and business associations have

also spent time in our classrooms. Even business students from universities and colleges have eagerly volunteered for Junior Achievement programs.

The first-time volunteers like Cindy Muscroft and Ricky Dhiman are often surprised and delighted with their JA experience, while our veteran volunteers like John Hinze and Jody Bialowas continue to challenge themselves by signing up for different programs and roles.

JABC would like to thank each and every volunteer for their efforts. Without them, we would not be able to inspire so many youth to pursue their dreams and reach their highest potential.

“Volunteers offer different perspectives that may not be available in the school classroom. I think JA plays an important role in the development opportunities for our youth, whether offering different ideas and information or different challenges and leadership opportunities.”

Brian PhillipsWinner of the H.E. Miskiman Leadership Award

for 2006

“I delivered the f irst session on Organization today... and it was so much fun! The kids were so involved in the activity – you would not believe what ideas they came up with... The teacher said she was really amazed at the response of the children. I would love to do this as a full time job. It is a riot! I am so glad I got this opportunity.”

Business Basics volunteer

MEET OUR ROLE MODELS Volunteers


As the winner of the JABC Scholarship for Entrepreneurial Studies in 2006,

Anthony Darcovich excelled as the CEO and President of the JA Business

Club at Semiahmoo Secondary School in White Rock South Surrey.

Anthony was instrumental in the initial planning stages of the club, by using

his leadership skills to encourage other students to participate.

“The Junior Achievement program has given me the foundation from which one day I can establish my own business.”

Anthony Darcovich, Grade 12, JA Company Program student

AbbotsfordAbbotsford Christian SchoolAlexander ElementaryAuguston Traditional ElementaryBlue Jay ElementaryClayburn Middle SchoolDr. Thomas A. Swift ElementaryDunach ElementaryHarry Sayers ElementaryKing Traditional SchoolMountain ElementaryMt. Lehman ElementaryRick Hansen SecondaryRobert Bateman SecondarySandy Hill ElementarySimpson Traditional Middle SchoolSouth Poplar Traditional ElementaryTerry Fox ElementaryW J Mouat SecondaryWilliam A. Fraser Middle School

Bulkley ValleyHouston Christian School

BurnabyBrantford ElementaryBrentwood Park ElementaryBurnaby Continuing EducationBurnaby North SecondaryCapital Hill ElementaryCarver Christian High SchoolCascade Heights ElementaryChaffey-Burke ElementaryClinton ElementaryGilmore Community ElementaryInman Elementary

Kitchener ElementaryMontecito ElementaryMorley ElementarySeaforth ElementaryStorefront Alternate ProgramSuncrest ElementaryTwelfth Avenue ElementaryWestridge ElementaryWindsor Elementary

Central OkanaganAnne McClymont ElementaryBelgo Elementary SchoolCasorso ElementaryChief Tomat ElementaryConstable Neil Bruce Middle SchoolDorothea Walker ElementaryDr. Knox Middle SchoolEllison ElementaryFirst Lutheran Christian SchoolGeorge Elliot SecondaryGlenmore ElementaryGlenrosa ElementaryGlenrosa Middle SchoolImmaculata Regional High SchoolKelowna Senior SecondaryKLO Middle SchoolNorth Glenmore ElementaryOkanagan Mission Secondary Rose Valley ElementaryRutland ElementaryRutland Middle SchoolShannon Lake ElementarySouth Rutland ElementarySpringvalley Middle SchoolSt. Joseph Elementary SchoolWatson Road Elementary

ChilliwackA D Rundle Middle SchoolCheam ElementaryEvans ElementaryPromontory Heights CommunityStrathcona ElementaryVedder ElementaryWatson Elementary

Comox ValleyGeorges P Vanier SecondaryHighland Secondary

CoquitlamBaker Drive ElementaryBanting Middle SchoolCentennial Secondary SchoolCollege Park ElementaryComo Lake Middle SchoolCoquitlam Alternate Basic EducationCoronation Park ElementaryGleneagle Secondary SchoolHampton Park ElementaryHeritage Mountain ElementaryHillcrest Middle SchoolKilmer ElementaryLord Baden-Powell ElementaryMaillard Middle SchoolMinnekhada Middle SchoolMoody Middle SchoolOur Lady of FatimaPinetree Secondary SchoolPitt River Middle SchoolPleasantside ElementaryPorter Street ElementaryRanch Park ElementaryRiverside SecondaryRochester ElementaryScott Creek Middle SchoolVanier Elementary

DeltaBrooke Elementary SchoolDelta SecondaryEnglish Bluff ElementaryGibson ElementaryHeath ElementarySeaquam SecondarySouthpointe AcademySunshine Hills Elementary

A PLACE TO SUCCEED Participating Schools

Junior Achievement of British Columbia extends our sincere appreciation to the numerous schools across the province for supporting our vision. We salute the countless teachers and educators who ensure our programs are part of the education experience.


Greater VictoriaArbutus Middle SchoolColquitz Middle SchoolDiscovery SchoolEcole Intermediate Cedar Hill MiddleGordon Head ElementaryGreater Victoria Christian AcademyLambrick Park SecondaryLansdowne Middle SchoolMarigold ElementaryMount Douglas SecondaryPacific Christian School – ElementaryPacific Christian School – SecondaryReynolds SecondaryRockheights Middle SchoolS J Willis Educational CentreSt. Andrew’s Regional HighSt. Margaret’sTorquay ElementaryVictoria High SchoolView Royal ElementaryWillows ElementaryYouth Custody Centre

Kamloops/ThompsonA E Perry ElementaryAberdeen ElementaryArthur Stevenson Elementary

LangleyBlacklock Fine Arts ElementaryCoghlan Fundamental ElementaryJames Kennedy ElementaryLangley Fundamental ElementaryNorth Otter ElementaryWalnut Grove Secondary

Maple Ridge-Pitt MeadowsEdith McDermott ElementaryFairview ElementaryGaribaldi SecondaryHammond Elementary

Nanaimo-LadysmithNanaimo District Secondary

New WestministerHerbert Spencer ElementaryLord Kelvin ElementaryNew Westminster SecondaryQueensborough Middle SchoolUrban Academy

Nicola-SimilkameenMerritt Secondary

North VancouverArgyle SecondaryBodwell High SchoolBrooksbank Elementary SchoolCapilano ElementaryCarisbrooke ElementaryCleveland ElementaryHandsworth Secondary SchoolLions Gate Christian AcademyLynn Valley ElementaryLynnmour Community SchoolMontroyal ElementaryQueensbury ElementaryRidgeway ElementarySeycove Secondary CommunitySherwood Park ElementarySt Pius X Elementary SchoolUpper Lynn ElementaryWestview ElementaryWindsor Secondary

Okanagan SimilkameenOkanagan Falls Elementary

Okanagan SkahaKVR Middle SchoolSummerland Middle SchoolWiltse Elementary

Peace River SouthChetwynd Secondary

Prince GeorgeCollege Heights ElementaryHarwin ElementaryHeather Park Middle SchoolKelly Road SecondaryLakewood Jr. SecondaryMackenzie ElementaryMackenzie SecondaryMorfee ElementaryPrince George Secondary SchoolWestwood Elementary

QuesnelQuesnel Secondary School

RichmondA.R. MacNeill SecondaryArchibald Blair ElementaryDaniel Woodward ElementaryGarden City ElementaryHenry Anderson ElementaryJ N Burnett SecondaryJohn G Diefenbaker ElementaryMitchell ElementaryR C Palmer SecondaryRichmond Christian Secondary SchoolRichmond District Incentive ProgramRichmond SecondarySteveston SecondaryTomekichi Homma ElementaryWestwind Elementary

SaanichBayside Middle SchoolBrentwood ElementaryRoyal Oak Middle SchoolStelly’s Secondary School

SookeBelmont SecondaryDunsmuir Middle SchoolJourney Middle SchoolLakewood ElementaryPacific Secondary SchoolSaseenos ElementarySpencer Middle SchoolWishart Elementary

Southeast KootenayMount Baker Secondary

Sunshine CoastChatelech Secondary

SurreyA H P Matthew ElementaryA J McLellan ElementaryBetty Huff ElementaryBoundary Park ElementaryBrookside ElementaryChimney Hill ElementaryCloverdale Catholic SchoolCloverdale Learning CentreCoyote Creek Elementary

Ecole Riverdale ElementaryErma Stephenson ElementaryFrank Hurt SecondaryFraser Heights SecondaryFraser Wood ElementaryGuildford Park SecondaryHoly Cross Regional High SchoolJessie Lee ElementaryJohnston Heights SecondaryKwantlen Park SecondaryMartha Jane Norris ElementaryMorgan ElementaryNorth Ridge Elementary SchoolOcean Cliff Elementary SchoolPanorama Park ElementaryPrince Charles ElementaryPrincess Margaret SecondaryQueen Elizabeth SecondarySemiahmoo SecondarySemiahmoo Trail ElementarySullivan Heights SecondarySurrey ChristianSurrey TraditionalWilliam of Orange Christian SchoolWilliam Watson ElementaryZion Lutheran

VancouverCarnarvon Community ElementaryChamplain Heights AnnexClarendon Alternate ProgramDavid Thompson SecondaryDr. Annie B Jamieson ElementaryDr. George M Weir ElementaryDr. R E McKechnie ElementaryEric Hamber SecondaryFoundation Alternate ProgramG T Cunningham ElementaryGeneral Brock ElementaryHenry Hudson Elementary Immaculate Conception SchoolJohn Oliver SecondaryKerrisdale ElementaryKillarney SecondaryLord Kitchener ElementaryLord Nelson ElementaryMagee SecondaryNootka Community ElementaryOutreach ProgramPrince of Wales SecondaryQueen Victoria AnnexRenfrew Community ElementarySir Charles Tupper SecondarySir James Douglas ElementarySir Wilfrid Laurier ElementarySt. John’s SchoolUniversity Hill SecondaryVancouver ChristianWalter Moberly ElementaryWaverley ElementaryWest Alternate ProgramWindermere Community Secondary

VernonClarence Fulton SecondaryKalamalka SecondaryKidston ElementaryVernon Secondary

West VancouverCollingwood SchoolIrwin Park ElementaryMulgrave SchoolRockridge SecondarySentinel SecondaryWest Vancouver Secondary


Champion ($50,000 And Above)British Columbia Securities CommissionHSBC Bank Canada Lotte & John Hecht Memorial FoundationMinistry of EducationMinistry of Small Business and RevenueRBC Foundation Western Economic Diversification Canada

Partner ($15,000 -$49,000)Austeville Properties Ltd.Bell BMO Bank of Montreal CIBC Deloitte & Touche LLPDjavad Mowafaghian FoundationFasken Martineau DuMoulin LLPInstitute of Chartered Accountants of British ColumbiaPhillips, Hager & North Investment Management Ltd.Scotiabank GroupTELUS

Investors ($5,000 - $14,999)Adera Group of CompaniesBC FerriesBC HydroBC Lions Football Club Inc.Bentall CapitalBoston Pizza International Inc.British Columbia Lottery CorporationBritish Columbia Transmission CorporationBull, Housser & Tupper LLPCanadian Forest Products Ltd.Canadian Western BankChilliwack Economic Partners CorporationCoast Capital Savings Credit Union Colliers InternationalFarris, Vaughan, Wills & MurphyGreat-West Life Assurance CompanyIBM Canada Ltd.Imperial Oil FoundationImperial Parking CorporationInternational Forest Products LimitedInwest Investments Ltd.Kal TireKeg Restaurants Ltd.KPMG LLPLignum Investments Inc.London Drugs Ltd.National Bank Financial PCL Constructors Westcoast IncPetro-CanadaPricewaterhouseCoopersProspera Credit Union Ray & Berndtson/Tanton MitchellRaymond James Ltd.Rogers VideoSegal Graduate School of Business - SFUService CanadaTD Canada Trust Teck Cominco CorporationTimberWest Forest Corp.University of VictoriaVancouver FoundationVancouver International Airport AuthorityVancouver Wharves Limited PartnershipWorkSafe BCZLC Financial Group

In 2006 Naz Kohan earned the Award for Excellence and Leadership for her

role as the VP of Technology in her JA Company Program at University Hill

Secondary School in Vancouver. Naz also represented BC at CANJAC, the

2006 International Student Conference held in Ottawa.

“Junior Achievement has given me the confidence to excel in what I love to do and has opened a variety of doors for me”

Naz Kohan, Grade 11, JA Company Program student

OUR DEDICATED DONORS

Junior Achievement of British Columbia gratefully acknowledges the generosity of all our financial supporters. We thank you for your continued support of our mission, as we strive to create dynamic learning experiences that address the unique needs of young people across the province.


Associate ($1,000 - $4,999)Alaska Trading Inc.Alcatel Canada Inc.Black Press Group Ltd. - Island Publishers DivisionBorden Ladner Gervais LLPBusiness Development Bank of CanadaBusiness Objects CommunityCadillac Fairview Corporation Ltd.Carestream Medical Ltd.CIBC World MarketsCity of KelownaClyne, J. Stuart Coast Mountain GroupDuke Energy Gas TransmissionErnst & Young LLPFoxhill IncorporatedGarnett Capital CorporationGE Foundation GenReGore Mutual Insurance Company FoundationGrant Thornton LLPHallmark Poultry Processors Ltd.Honeywell Building SolutionsIncite CoachingIndustrial Alliance PacificJewish War Veterans of Canada - Vancouver Post #1Kadlec, Robert E. Kelfor Industries Ltd.Kelowna International HostelKelowna Jaycees FundLi, Yong Sheng MacDonald Dettwiler & Associates Ltd.MacDonald Shymko & Company Ltd.Marin Investments LimitedMarsh Canada LimitedMcCarthy Tetrault LLPMDS Metro Laboratory ServicesMercer Human Resource Consulting LimitedMid Island Co-op Miller Thomson LLPNalley’s Canada LimitedNuna Logistics LimitedPhillips, Brian Prince George Community FoundationProgressive Construction Ltd.Purdy’s ChocolatesRotary Club of Richmond A.M. FoundationRotary Club of SurreySauder School of Business - UBCSeattle’s Best CoffeeSierra Systems Surrey FoundationTerasen Gas Inc.The Art Institute of VancouverTony Lau Insurance Agencies Ltd.Twin Brook Developments Ltd.Vedder Transport Ltd.Vernon Toyota CentreWeyerhaeuser Canada LimitedWhite Spot RestaurantsWilson, Steve Wintemute, E.I. Women’s Enterprise Society of British ColumbiaXerox Canada Ltd.

Supporter ($150 - $999)415807 BC Ltd. dba Sandpiper PubA W S Transport Ltd.A.R.C. Accounts Recovery CorporationAcademy of Learning (North Vancouver)Advanced Glazing Systems LLCAlive Publishing Group Inc.Allard, Linda Alternative Mine Enterprises Ltd.Apex Travel Ltd.Aujlas’ Farms Ltd.

Auld Phillips Ltd.Baker Newby LLPBarr, Dick Bear Mountain Master PartnershipBell-Irving, D. Harry Bell-Irving, Jan Black Press Group Ltd.Blackwood Building Centre Ltd.Braber Equipment Ltd.Brink, Barbara British Pacific Properties LimitedBudget Brake & MufflerBulldog Bag Ltd.Burrell, Keith Business Council of British ColumbiaCadex Electronics Inc.Camosun CollegeCanaccord Capital CorporationCapri Insurance Services Ltd.Center For Arts - Technology Okanagan Inc.Century Holdings Ltd.Chen & Leung Barristers & SolicitorsChen, Henry D. CIBC Wood Gundy City of White RockClark, Tim Cloverdale District Chamber of CommerceCoast Clear Wood Ltd.Country Charm Farm Ltd.Credit Union Central of BC Custom House Currency Exchange (Canada) Ltd.Day4 Energy DFH Real Estate Ltd.Dorigo Systems Ltd.Dr. Jean Carruthers Cosmetic Surgery Inc.E.R. Probyn Ltd.Echle, Mary-Ellen Economic Development CommissionEngage Communications Inc.EO Paton International Holdings Inc.Euro-Rite Cabinets Ltd.Fan, Lawrence Sze Chek Fincentric CorporationFocus Corporation Fraser Financial Group Ltd., TheFred Deeley Imports Ltd.Fujitsu Consulting (Canada) Inc.Garrett, Ken Graymont LimitedHamazaki Wong Marketing GroupHedden Chong Chartered AccountantsHitfar Concepts Ltd.HSBC Bank Canada – tr# 10150ICBCInstabox Canada Ltd.Island Savings Credit UnionJN Burnett SecondaryK.P. Collection Ltd.Kelowna Sunrise Rotary ClubKnight Inlet Grizzly Tours Ltd.Kwan, Timothy (Tim) Langara CollegeLi, Zhao Ma, Hing Sang McCarthy, William McNeney & McNeney Barristers & SolicitorsMillbank Materials CorporationMinerva FoundationMurray Mechanical Sales Inc.NDL Industries Inc.Nirvana Land Development Corp.Norco Products Ltd.Norjay Services Ltd.Norpac Controls Ltd.Northcoast Building Products Ltd.Owen, Steven F.Pacbrake Company

Pang, Victoria Paragon Food EquipmentPeng, Guoquan People First Solutions Inc.Peschilsolido Law CorporationPullmaster Winch CorporationQuest For SuccessQuigg Development CorporationRE/MAX Centre City RealtyRJP Contracting Ltd.Royal Canadian Legion No. 83 Russell Food Equipment LimitedScience World SocietySenna International Inc.Shepard, James F. Shin, Hyun Seop Silbernagel, Stephen Singleton Urquhart LLPSmithers, David Stow, Stephen Surrey Chamber of CommerceTong, Peter Valley Women’s Network - White Rock ChapterValleybrook Gardens Ltd.Varma, Suresh Vector Engineering Services Ltd.Victoria Flying ClubVisscher Holdings Inc.Wall Financial CorporationWebber, John Westland Air ConditioningWhite Rock & South Surrey Chamber of CommerceWong, Kenney Yoke Lam Law Corporation

Gift-in-KindAbbing ReprographicsBC Business MagazineCamosun CollegeCoast Hotels & Resortseachanoriginal Design CompanyFood First Enterprises Ltd.Global BCHarbour TowersMcDonald’s Restaurants of CanadaMclean, Steven J., Hewlett Packard (Canada) Co.Mediaco - The Presentation CompanyOh Boy ProductionsOkanagan CollegePacific E DoxPinton Forrest & MaddenPurdy’s ChocolatesRadiant Communications Corp.SafewaySaint Bernadine Mission CommunicationsSaputo/Dairyland Fluid DivisionSchool District No 23 – Central OkanaganSimon Fraser UniversityStaples Business DepotStarbucks Coffee CompanyThe PortablesThe Vancouver SunThrifty FoodsTLD Computers Inc.UBC-OkanaganUniversity of VictoriaVictoria MarriottWhite Spot Restaurants

This list does not fully reflect the countless donors who have generously supported JABC. We thank you all for your dedication and support.


Samantha Larkan and Stephen Mellows, from Vernon BC, advanced

to the fourth and final round of the Hewlett-Packard Global Business

Challenge and traveled to Cupertino, California this past summer to

compete against seven other finalist teams from around the world.

Earlier this year Samantha and Stephen participated in the JA Titan

program and excelled in Business Challenge games.

“I feel [Junior Achievement] was something of an unforgettable experience that has helped me focus on my future goals in business.”

Samantha Larkan, Grade 11 JA Titan student

The Society’s total revenue increased by 28% compared with the previous year. Program sponsorships and fundraising special events grew by $236K. The Business Laureates Hall of Fame Gala Dinner and Induction Ceremonies was introduced this year and accounts for most of the changes.

Expenses increased by 13% mainly due to the Business Laureates of BC Hall of Fame initiative.

A grant of $2 million was received from the Province of British Columbia. The grant is accounted for as an investment under current assets and as externally restricted deferred revenue under liabilities. The grant will be spent over a five year period. It will be used to expand our student reach and provide JA programs to communities that have not been served in the past.

Liabilities

Assets

Net Assets

Invested in equipment 12,346 13,277

Unrestricted 864,778 687,280

877,124 700,557

3,001,924 771,013

CURRENT $ $

Cash and short-term investments 343,145 210,800

Investments 2,378,489 354,682

Interest and other receivables 240,780 151,633

Inventory - 10,346

Prepaid expenses 3,466 4,463

2,965,880 731,924

EQUIPMENT 36,044 39,089

$ 3,001,924 $ 771,013

CURRENT $ $

Accounts payable and accrued liabilities 41,601 34,644

Deferred contributions - externally restricted 2,059,500 10,000

Current portion of obligation under capital lease 3,094 3,454

2,104,195 48,098

DEFERRED CONTRIBUTIONS RELATED TO EQUIPMENT 16,634 15,294

OBLIGATION UNDER CAPITAL LEASE 3,971 7,064

2,124,800 70,456

2006 2005

STATEMENT OF FINANCIAL POSITION For the year ended June 30, 2006


Excerpt from Auditors’ Report

The auditors, Deloitte & Touche LLP, in their report dated August 24, 2006, have reported that “in common with many non-profit organizations, the Society derives revenue from contributions, the completeness of which is not susceptible to satisfactory audit verification. Accordingly, our verification of these revenues was limited to the amounts recorded in the records of the Society and we were not able to determine whether any adjustments might be necessary to contribution revenue, excess of revenue over expenses, assets and net assets.

In our opinion, except for the effect of adjustments, if any, which we might have determined to be necessary had we been able to satisfy ourselves concerning the completeness of the contribution revenue referred to in the preceding paragraph, these financial statements present fairly, in all material respects, the financial position of the Society as at June 30, 2006 and the results of its operations and its cash flows for the year then ended in accordance with Canadian generally accepted principles.”

Expenses

Revenue

Changes in Fund Balances

Excess (Deficiency) of Revenue Over Expenses for the Year 176,567 8,443

Amortization of deferred contributions 7,130 6,554

Contributions 706,712 650,938

Donations in Kind for office premises 29,352 29,352

Donations in Kind — other 15,259 8,668

Endowment Income 35,457 33,938

Others 28,873 7,440

Programs 146, 994 124,457

Special Events 500,526 286,976

TOTAL 1,470,303 1,148,323

Accounting and audit 18,175 9,400

Amortization 13,098 13,435

Facilities 45,484 50,810

Interest on lease obligation 1,353 (768)

National fees 32,681 23,997

Office 31,771 27,187

Programs 197,023 229,399

Salaries and benefits 623,153 562,817

Special Events 316,239 209,068

Staff development 14,759 14,535

TOTAL 1,293,736 1,139,880

2006 2005

This summarized statement of operations is derived from the audited

financial statements of Junior Achievement of British Columbia prepared

by Deloitte and Touche LLP for the fiscal year ended June 30, 2006. Full

financial statements outlining all aspects of the financial position of the

organization are available upon request.

STATEMENT OF OPERATIONS For the year ended June 30, 2006


Thank you to all the staff, sponsors and volunteers across

British Columbia who make the Junior Achievement

learning experience possible.

Board of DirectorsSteve Wilson (Chair)

Norm AttridgeTD CANADA TRUST

Rob DaviesXEROX CANADA LTD.

Craig GronsdahlFRASER FINANCIAL GROUP

Trudy HofleySCOTIA PRIVATE CLIENT GROUP

Linda LarsonSMALL BUSINESS ROUNDTABLE

Michael MorettoBRITISH COLUMBIA SECURITIES COMMISSION

Carole MacFarlaneVANCOUVER SCHOOL BOARD

Alison OxtobyFASKEN MARTINEAU DUMOULIN LLP

Victoria PangCANADIAN WESTERN BANK

Brian Phillips (Treasurer)PHILLIPS, HAGER & NORTH

Jack Shore

David SmithersSIERRA SYSTEMS

Wendy ThorpeHSBC BANK CANADA

Robert TuckBMO BANK OF MONTREAL

Board of GovernorsNorm Attridge (Chair)TD CANADA TRUST

David R. BainBULL, HOUSSER & TUPPER LLP

Grant BallLONDON DRUGS LIMITED

Tim ClarkV1500 HOLDINGS INC.

Janice ComeauSNACK ALLIANCE INC.

Robin DhirTWIN BROOK DEVELOPMENTS LTD

Jay GarnettWHITEFISH GROUP

Jack GlazierCIBC

Paul HealeyBELL

Iain JohnstoneHONEYWELL BUILDING SOLUTIONS

Tony LauTONY LAU INSURANCE AGENCIES LTD.

Tim ManningRBC ROYAL BANK

Hanif MuljianiPORTABLES

Marissa Poratto-CleghornMACDONALD DETTWILER & ASSOCIATES LTD.

Linda SandersonROGERS VIDEO

Lisa SeppalaBC HYDRO

Moe SomaniSOHO BUSINESS GROUP

Okanagan CommitteeBruce CampbellRAYMOND JAMES LTD.

Jennifer GormanOKANAGAN COLLEGE FACULTY OF BUSINESS

Brenda GrazianoSCHOOL DISTRICT 23

Craig GronsdahlFRASER FINANCIAL GROUP

Lisa L. LaingCIBC WOOD GUNDY

Norm MetcalfCOMMUNITY FUTURES DEVELOPMENT CORPORATION

Myrna ParkMAX-U.COM INC.

Kerry RempelOKANAGAN COLLEGE FACULTY OF BUSINESS

Rosanne Ting-MakJCI OKANAGAN

Greater Victoria CommitteeJack Shore

Lorrie CarlsonFIRST IMPRESSIONS BUSINESS PROMOTIONS INC.

Chris MazeRBC ROYAL BANK

Dean KsionzykCIBC

Heather Ratcliffe-HoodSCHOOL DISTRICT 62 (SOOKE)

John SaundersMADRONA CONSULTING

Joe PolardACCOUNTS RECOVERY CORPORATION

Prince George CommitteeDick ChambersSCHOOL DISTRICT 57

Tim CurryCANADIAN TIRE STORE #360

Dorothy FriesenBC NORTHERN REAL ESTATE BOARD

Don Gould

Richard A. HobsonLAURENTIAN FIANCIAL SERVICES

John KasonGLOBAL SECURITIES CORPORATION

Bill LynchCENTRE CITY RE/MAX

Gail RobertsKELLY ROAD SECONDARY SCHOOL

Sherry SethenPRINCE GEORGE CHAMBER OF COMMERCE

BOARD MEMBERS AND COMMITTEES


BC Provincial OfficeJan Bell-IrvingPresident

Alix SantoroManager, Resource Development

Christopher HindleManager, Special Events and Public Relations

Anne SashikataManager, Community Relations

Barb JonesProgram Manager, High School Programs

Ivy ChanProgram Manager, Middle School Programs

Fiona ZawadzkiProgram Consultant, Middle School Program

Debbie KempProgram Consultant, Middle School Program

Jeff TeedProgram Coordinator, Elementary School Program

Evan YangProgram Coordinator, Elementary School Program

Esther LeeOffice Manager

Heather SchellenbergBook-keeper

Greater Victoria RegionJenny LearyRegional Manager, Greater Victoria

Okanagan RegionBeth VeenkampRegional Manager, Okanagan

Michelle RatyProgram Coordinator, Okanagan

Prince George RegionScotty RaittProgram Coordinator, Prince George

STAFF


Let Their Success Be Your Inspiration!

The Junior Achievement name and logo are registered

trademarks of Junior Achievement of Canada. Business

Basics Series programs, ESIS (Economics of Staying in

School), Dollars with Sense, Dream Big: A Life Lesson with

Tiger Woods and Company Program – A Student Venture

are all trademarks of Junior Achievement of Canada.

BC Prov inc i a l O f f i ce

Suite 110 – 475 West Georgia StreetVancouver, BCV6B 4M9

Tel: 604-688-3887Fax: 604-689-5299Email: [email protected]

www.jabc.orgCharitable Registration #11897 – 6166 RR0001

Reg iona l O f f i ce s

Greater Victoria RegionTel: (250) 380-6765Fax: (250) 385-3552

Okanagan RegionTel: (250) 765-2637Fax: (250) 765-4155

Prince George RegionTel: (250) 964-0923Fax: (250) 964-3398

jabcannualreport oct 23 2006-final

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