Junior Achievement of Canada

161 Bay Street, 27th Floor
Toronto, ON M5J 2S1
President & CEO: Scott Hillier
Board Chair: Dawn de Lima

Charitable Reg. #:10755 4222 RR0002

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

[Charity Rating: 4/4]

✔+

FINANCIAL TRANSPARENCY

Audited financial statements for current and previous years available on the charity’s website.

A-

RESULTS REPORTING

Grade based on the charity's public reporting of the work it does and the results it achieves.

Average

DEMONSTRATED IMPACT

The demonstrated impact per dollar Ci calculates from available program information.

NEED FOR FUNDING

Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.

72%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 72 cents are available for programs.



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Programs

About Junior Achievement of Canada:

Founded in 1955, Junior Achievement Canada (JA Canada) aims to inspire youth and prepare them to succeed in a global economy. It reports being the largest youth business education organization in Canada. The charity has 15 Charters and Alternate Delivery Models that deliver programs in local communities. JA Canada works in partnership with teachers, volunteers, and businesses. It aims to educate elementary, middle, and secondary school students about financial literacy, work readiness and entrepreneurship. The charity’s national office is in Toronto.

JA Canada’s Financial Literacy program helps students learn to create and manage wealth by developing skills such as budgeting, investing, and financial planning. The charity’s Work Readiness program teaches students career-building skills, including communication, networking, interviewing and collaboration. JA Canada’s Entrepreneurship program allows students to gain experience in running a successful business. It also teaches students to create business plans, innovate and manage teams.

In F2019, a total of 10,764 programs were delivered across Canada: 3,365 elementary school programs, 5,225 middle school programs, and 2,174 secondary school programs. JA Canada reports 268,476 students participated in programs across 9,440 schools in F2019.

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Results and Impact

In 2011, The Boston Consulting Group (BCG) conducted a year-long study to measure the value of JA’s programs across Canada. The study found that JA Canada’s work has a direct impact of $105 million on Canada’s economy each year. It reports that for every $1 received, JA Canada creates an annual return to society of $45. BCG states that JA Canada’s alumni are 50% more likely than the average Canadian to open their own business. The study found that 75% of Achievers said that JA Canada had a significant impact on the development of their financial literacy and decision-making skills. Also, 65% stated that the charity had a significant impact on their decisions to stay in school and enroll in post-secondary education.

Charity Intelligence has given Junior Achievement Canada an Average impact rating based on demonstrated impact per dollar spent.

Impact Rating: Average

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Finances

Junior Achievement of Canada is a Medium-sized charity, receiving $4.8m in donations and special events revenue in F2019. Compared with F2018, total donations increased by 49%. Administrative costs are 9% of revenues and fundraising costs are 19% of donations. For every dollar donated, 72 cents go the cause. This is within Ci’s reasonable range for overhead spending. The charity holds $2.2m in funding reserves, of which $281k is donor-endowed. Excluding donor-endowed funds, Junior Achievement of Canada can cover 6.3 months of annual program costs.

According to the charity’s T3010 filing with the CRA, Junior Achievement of Canada granted $2.0m in F2019; however, charity does not report any qualified donees.

This charity report is an update that has been sent to Junior Achievement of Canada for review. Changes and edits may be forthcoming.

Updated on July 15, 2020 by Tenzin Shomar.

Financial Review


Financial Ratios

Fiscal year ending June
201920182017
Administrative costs as % of revenues 8.9%16.4%21.1%
Fundraising costs as % of donations 18.7%28.0%28.3%
Total overhead spending 27.5%44.5%49.3%
Program cost coverage (%) 52.5%47.4%25.5%

Summary Financial Statements

All figures in $000s
201920182017
Donations 3,4152,2932,607
Special events 1,3821,3391,425
Other income 561570480
Total revenues 5,3584,2014,512
Program costs 1,6142,1512,150
Grants 1,96200
Administrative costs 476691950
Fundraising costs 8961,0171,139
Other costs 57239
Total spending 5,0043,8614,279
Cash flow from operations 355340233
Capital spending 9591
Funding reserves 2,1511,2941,050

Salary Information

Full-time staff: 11

Avg. Compensation: $123,095

Top 10 staff salary range:

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
1
$160k - $200k
0
$120k - $160k
3
$80k - $120k
3
$40k - $80k
3
< $40k
0

Information from most recent CRA Charities Directorate filings for F2019

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Comments & Contact

Comments added by the Charity:

No comments have been added by charity

Charity Contact

Website: www.jacanada.org
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 416-622-4602

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