Junior Achievement of Southern Alberta

870- 105 12 Avenue SE
Calgary, AB T2G 1A1
President & CEO: Melissa From
Board Chair: Clinton McNair

Charitable Reg. #:10755 4396 RR0001

STAR RATING

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

[Charity Rating: 1/5]

✔+

FINANCIAL TRANSPARENCY

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

B+

RESULTS REPORTING

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

Fair

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.

36%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 36 cents are available for programs.



My anchor

OVERVIEW

About Junior Achievement of Southern Alberta:

Junior Achievement of Southern Alberta is a one-star charity with an above-average results reporting score and Fair demonstrated impact, which is below average. It is financially transparent and has overhead costs outside Ci’s reasonable range. The charity’s funding reserves can cover program costs for three years and two months.

Founded in 1960, Junior Achievement Southern Alberta (JASA) is a member of Junior Achievement Canada (JA Canada). JASA partners with businesses, educators, and policymakers across southern Alberta to prepare young people to succeed in a global economy. It operates in six offices across southern Alberta. In F2022, JASA ran 16 programs that reached over 40,000 students in 1,512 classes.

Junior Achievement Southern Alberta runs five programs for students in kindergarten to grade three: RoboGarden: Learn to Code, Ourselves, Our Families, Our Country, and Our Community. 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. Our Families is a three-hour program that explains how family members’ jobs contribute to the community. Our Country teaches students about Canada’s technology and innovation.

Junior Achievement Southern Alberta runs four programs for students in grades four to six: RoboGarden: Learn to Code, More Than Money, Our Business World, and A Business of Our Own 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 six programs for students in grades seven to nine: RoboGarden: Learn to Code, Personal Finance, Dollars with Sense, Stronger Together: Diversity in Action, Economics for Success, and Investment Strategies. Personal Finance is a one-hour program that teaches students money management skills. 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 six programs for students in grades ten to twelve: Personal Finance, Indigenous Business Program, Be Entrepreneurial, Company Program, World of Choices, and Investment Strategies. The Indigenous Business Program is a 14-18 week program that provides students with the opportunity to make real business decisions and build relationships within the community. Be Entrepreneurial is a one-hour session that allows students to create business plans. Company Program is a four-month project where 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.

My anchor

Results and Impact

In 2011, The Boston Consulting Group (BCG) conducted a year-long study to measure the value of JA's programs in 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. Achievers earn 50% more on average than those who do not participate in JA’s programs and are three times less likely to spend more than they earn. Additionally, the study found that 65% of Achievers said that the charity had a significant impact on their decisions to stay in school and enrol in post-secondary education.

While Ci highlights these key results, they may not be a complete representation of Junior Achievement Southern Alberta’s results and impact.

Charity Intelligence has evaluated Junior Achievement of Southern Alberta and found the charity to have Fair demonstrated impact per dollar. 

Impact Rating: Fair

My anchor

Finances

In F2022, Junior Achievement Southern Alberta received $1.2m in donations and special events revenue, up 63% from $739k in F2021.

Administrative costs are 23% of revenues (less investment income) and fundraising costs are 42% of donations. This results in total overhead spending of 64%. For every dollar donated, 36 cents go to the cause. This is outside Ci’s reasonable range for overhead spending and has been for the past three years.

JASA has reserve funds of $2.7m which can cover three years and two months of its 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 June 28, 2023 by Kiara Andrade.

Financial Review


Financial Ratios

Fiscal year ending June
202220212020
Administrative costs as % of revenues 22.8%25.1%17.7%
Fundraising costs as % of donations 41.7%44.0%35.4%
Total overhead spending 64.5%69.1%53.1%
Program cost coverage (%) 318.4%309.4%164.8%

Summary Financial Statements

All figures in $s
202220212020
Donations 870,615728,596931,847
Goods in kind 114,16646,240208,464
Government funding 434,908475,368167,636
Special events 333,10010,000473,000
Investment income 9,9797,52618,728
Total revenues 1,762,7681,267,7301,799,675
Program costs 840,000607,125960,780
Administrative costs 399,552316,337314,962
Fundraising costs 501,526324,673497,842
Total spending 1,741,0781,248,1351,773,584
Cash flow from operations 21,69019,59526,091
Capital spending 000
Funding reserves 2,674,3311,878,1791,583,454

Note: The charity has deferred revenues and contributions of $780k in F2022, $263k in F2021, and ($22k) in F2020. Ci could not break out changes in government vs. non-government deferred contributions and therefore could not adjust for deferred donations. Ci reported program, administration, and fundraising costs from the charity’s T3010 filings with the CRA. Ci has removed amortization from administrative and fundraising costs on a pro-rata basis. 

Salary Information

Full-time staff: 7

Avg. compensation: $81,927

Top 10 staff salary range:

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
1
$120k - $160k
0
$80k - $120k
1
$40k - $80k
5
< $40k
0

Information from most recent CRA Charities Directorate filings for F2022

My anchor

Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

Website: www.jasab.ca
This email address is being protected from spambots. You need JavaScript enabled to view it.

Print  
Image

Charity Intelligence researches Canadian charities for donors to be informed and give intelligently. Our website posts free reports on more than 800 Canadian charities, as well as in-depth primers on philanthropic sectors like Canada’s environment, cancer, and homelessness. Today over 500,000 Canadians use our website as a go-to source for information on Canadian charities reading over 1.6 million charity reports. Through rigorous and independent research, Charity Intelligence aims to assist Canada’s dynamic charitable sector in being more transparent, accountable and focused on results.

 

Be Informed. Give Intelligently. Have Impact

 

Charitable Registration Number: 80340 7956 RR0001