Junior Achievement of Southern Alberta
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✖
FINANCIAL TRANSPARENCY
Audited financial statements available only through official request for information from Charities Directorate.
B+
RESULTS REPORTING
Grade based on the charity's public reporting of the work it does and the results it achieves.
n/r
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.
68%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 68 cents are available for programs.
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Programs
About Junior Achievement of Southern Alberta:
Founded in 1960, Junior Achievement Southern Alberta (JASA) is a member of Junior Achievement Canada (JA Canada). JASA partners with businesses, educators, and policy makers across southern Alberta with the goal of preparing young people to succeed in a global economy. It operates in eight offices across southern Alberta, reaching almost 30,000 students in grades four to twelve every year. In F2018, JASA ran ten programs that reached 29,879 students in 1,185 classes at 558 schools.
Junior Achievement Southern Alberta runs five programs for students in grades four to six – RoboGarden: Learn to Code, Our Community, More Than Money, Our Business World, and A Business of Our Own. RoboGarden is a teacher-led program that takes students through the basics of Python and JavaScript programming for one hour each week. Our Community is a three-hour program that shows elementary students how business shapes our lives and strengthens society. More Than Money teaches students about earning, spending, sharing, and saving money in a four-hour session. Our Business World and A Business of Our Own are both four-hour programs that allow students to explore entrepreneurship and innovation.
Junior Achievement Southern Alberta has four programs for students in grades seven to nine: Dollars with Sense, Stronger Together: Diversity in Action, Economics for Success, and Investment Strategies. Dollars with Sense is a four-hour program that teaches students how to manage personal debt. Diversity in Action helps students understand how inclusivity can solve real-world challenges. Economics for Success looks at the advantages of staying in school and the transition from high school to post-secondary. Investment Strategies is made up of four one-hour lessons and an online competition that teaches youth how to save and invest for the future.
Junior Achievement Southern Alberta runs three programs for students in grades ten to twelve: Company Program, World of Choices, and Investment Strategies. The Company Program is a four-month project throughout which students launch and run a small enterprise with the help of volunteers from the local business community. World of Choices brings students together with Career Mentors in their desired field for five sessions to talk about different professions.
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Results and Impact
In 2011, The Boston Consulting Group (BCG) conducted a study on Junior Achievement Canada to assess its impact. The study found that JA members earn 50% more, on average, than their non-JA counterparts. The study also found that JA creates an annual return of $45 for each dollar spent, in terms of benefits to society of youth staying in school, encouraging new business, and providing today’s youth with necessary skills. The study attributes $425 million per year in Canada to direct entrepreneurial activity by Junior Achievers.
While Ci highlights these key results, they may not be a complete representation of Junior Achievement Southern Alberta’s results and impact.
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Finances
Junior Achievement Southern Alberta is a medium-sized charity, with combined total donations and special events revenue of $1.7m F2017. Administrative costs are 18% of revenues (excluding investment income) and fundraising costs are 14% of donations. For every dollar donated, 68 cents go to the cause. This is within Ci’s reasonable range for overhead spending. Funding reserves of $1.3m can cover 11 months of annual program costs.
This charity report is an update that has been sent to Junior Achievement Southern Alberta for review. Changes and edits may be forthcoming.
Updated on July 31, 2019 by Lauren Chin.
Financial Review
Fiscal year ending June
|
2017 | 2016 | 2015 |
|---|---|---|---|
| Administrative costs as % of revenues | 18.0% | 17.0% | 16.3% |
| Fundraising costs as % of donations | 14.1% | 19.1% | 17.8% |
| Total overhead spending | 32.2% | 36.1% | 34.0% |
| Program cost coverage (%) | 90.2% | 87.2% | 64.9% |
Summary Financial StatementsAll figures in $s |
2017 | 2016 | 2015 |
|---|---|---|---|
| Donations | 1,284,465 | 1,449,485 | 1,479,440 |
| Goods in kind | 174,179 | 198,677 | 189,736 |
| Government funding | 220,001 | 128,939 | 221,613 |
| Special events | 408,500 | 528,600 | 601,625 |
| Investment income | 9,534 | 3,296 | 6,735 |
| Total revenues | 2,096,679 | 2,308,997 | 2,499,149 |
| Program costs | 1,387,721 | 1,488,769 | 1,616,279 |
| Administrative costs | 376,466 | 391,914 | 406,163 |
| Fundraising costs | 239,337 | 378,251 | 369,467 |
| Total spending | 2,003,524 | 2,258,934 | 2,391,909 |
| Cash flow from operations | 93,155 | 50,063 | 107,240 |
| Capital spending | 0 | 1,088 | 3,471 |
| Funding reserves | 1,252,046 | 1,297,474 | 1,049,499 |
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
2 |
$40k - $80k |
8 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2017
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Comments & Contact
Comments added by the Charity:
Charity Contact
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