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Junior Achievement back in black after financial woes

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Junior Achievement of Central Indiana says it is off to a fresh financial start.

The organization announced Wednesday morning that it has eliminated nearly $2 million in debt from six different creditors. The agreements were finalized Tuesday, according to CEO Jennifer Burk, who announced the news during a gathering Tuesday evening at the home of supporter Randall Tobias.

“We are renewed and positioned to start an aggressive campaign to expand our programming,” Burk said in a prepared statement.

JA said it will build a “fresh start” fundraising campaign around a "six-figure gift" from Indianapolis-based security systems dealer Defender Direct, Burk said.

JA takes lessons about free markets and financial literacy to area schoolchildren. Fifth-graders usually cap the program with a field trip to BizTown, where they play different government and business roles.

The local Junior Achievement chapter has been a leader in developing hands-on experiences like BizTown, but it has spent recent years in financial and legal turmoil. The not-for-profit suffered major losses in each of the fiscal years 2008 through 2010, when it was in the red by $151,000. The 2010 loss was originally believed to be $389,000 but was revised by an auditor.

Burk said the 2011 fiscal year ended June 30 with a $100,000 surplus. She will unveil more details about the finances and a plan for expanding JA’s reach in local schools at an annual meeting Aug. 18.

A grant from the Connecticut-based Achievement Foundation, which provides suppport to JA organizations, helped eliminate the debt, Burk said. She also credits the assistance of David Lindsey Sr., a past JA chairman who is retired from First Indiana Bank. He’s the father of Defender Direct founder David Lindsey Jr.

The senior Lindsey called Burk in April to offer his assistance. “That was the turning point for us,” Burk said.
 

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  1. I never thought I'd see the day when a Republican Mayor would lead the charge in attempting to raise every tax we have to pay. Now it's income taxes and property taxes that Ballard wants to increase. And to pay for a pre-K program? Many studies have shown that pre-K offer no long-term educational benefits whatsoever. And Ballard is pitching it as a way of fighting crime? Who is he kidding? It's about government provided day care. It's a shame that we elected a Republican who has turned out to be a huge big spending, big taxing, big borrowing liberal Democrat.

  2. Why do we blame the unions? They did not create the 11 different school districts that are the root of the problem.

  3. I was just watching an AOW race from cleveland in 1997...in addition to the 65K for the race, there were more people in boats watching that race from the lake than were IndyCar fans watching the 2014 IndyCar season finale in the Fontana grandstands. Just sayin...That's some resurgence modern IndyCar has going. Almost profitable, nobody in the grandstands and TV ratings dropping 61% at some tracks in the series. Business model..."CRAZY" as said by a NASCAR track general manager. Yup, this thing is purring like a cat! Sponsors...send them your cash, pronto!!! LOL, not a chance.

  4. I'm sure Indiana is paradise for the wealthy and affluent, but what about the rest of us? Over the last 40 years, conservatives and the business elite have run this country (and state)into the ground. The pendulum will swing back as more moderate voters get tired of Reaganomics and regressive social policies. Add to that the wave of minority voters coming up in the next 10 to 15 years and things will get better. unfortunately we have to suffer through 10 more years of gerrymandered districts and dispropionate representation.

  5. Funny thing....rich people telling poor people how bad the other rich people are wanting to cut benefits/school etc and that they should vote for those rich people that just did it. Just saying..............

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