Junior Achievement of Central Ontario
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
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.
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.
61%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 61 cents are available for programs.
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Programs
About Junior Achievement of Central Ontario:
Founded in 2003, Junior Achievement Central Ontario (JACO) is a member of Junior Achievement Canada. JACO is the result of the amalgamation of Junior Achievement of Toronto & York Region (founded 1968) and Junior Achievement of Peel (founded in 1981). JACO has impacted over 1.4 million students in Toronto, York Region, Peel, and Simcoe since it was formed. Junior Achievement Central Ontario partners with businesses, educators, and policy makers across Central Ontario with the goal of preparing young people to succeed in a global economy. JACO runs programs for students from grades 4 to 12 in 596 schools across 11 school districts.
Junior Achievement Central Ontario runs two programs for students in grades four and five. More Than Money is an interactive program that introduces the concept of money management. Our Business World introduces students to the opportunities and challenges of entrepreneurship in Canada.
Junior Achievement Central Ontario has four programs for students in grades six to eight: Be Entrepreneurial Jr., Stronger Together: Diversity in Action, Dollars with Sense, and Economics for Success. Dollars with Sense is a one-day program that gives students the tools they need to make smart financial decisions and become savvy investors. Economics for Success teaches students about how they can use their strengths to succeed in the future.
Junior Achievement Central Ontario runs 5 programs for students in grades nine to twelve: Be Entrepreneurial, Titan, Investment Strategies Program, JA Personal Finance, and Company Program. Beyond the classroom, JACO also partners with corporations and universities to host conferences and events for high school students. The JA Company Program enables students to experience the risks and rewards of entrepreneurship by creating and operating their own company. In F2018, over 1,200 high school students participated in this 18-week program.
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Results and Impact
According to research by Boston Consulting Group, Junior Achievement alumni are 50% more likely to open their own business and 3 times more likely to hold senior and middle management positions in their respective organizations. ManpowerGroup reports that Junior Achievement students are five times less likely to be jobless later in life having obtained the skill of networking.
While Ci highlights these key results, they may not be a complete representation of Junior Achievement Central Ontario’s results and impact.
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Finances
Junior Achievement Central Ontario is a medium-sized charity, with total donations of $1.7m and special events revenues of $2.4m in F2018. Administrative costs are 26% of revenues (excluding investment income) and fundraising costs are 13% of donations. For every dollar donated, 61 cents go to the cause. This is outside Ci’s reasonable range for overhead spending. Funding reserves of $600k can cover 5 months of annual program costs.
This charity report is an update that has been sent to Junior Achievement Central Ontario for review. Changes and edits may be forthcoming.
Updated on July 15, 2019 by Lauren Chin.
Financial Review
Fiscal year ending June
|
2018 | 2017 | 2016 |
|---|---|---|---|
| Administrative costs as % of revenues | 26.0% | 29.6% | 25.3% |
| Fundraising costs as % of donations | 12.6% | 12.8% | 12.1% |
| Program cost coverage (%) | 42.2% | 30.9% | 149.5% |
Summary Financial StatementsAll figures in $s |
2018 | 2017 | 2016 |
|---|---|---|---|
| Donations | 1,737,952 | 1,656,604 | 1,648,495 |
| Special events | 644,770 | 721,543 | 668,311 |
| Investment income | 35,430 | 58,506 | 48,318 |
| Total revenues | 2,418,152 | 2,436,653 | 2,365,124 |
| Program costs | 1,421,887 | 1,410,698 | 1,323,832 |
| Administrative costs | 619,284 | 702,762 | 585,762 |
| Fundraising costs | 299,658 | 305,116 | 280,395 |
| Cash flow from operations | 77,323 | 18,077 | 175,135 |
| Capital spending | 0 | 0 | 0 |
| Funding reserves | 600,050 | 435,801 | 1,979,307 |
Note: Ci has adjusted amortization of capital assets affecting expenses by ($3k) in F2018, ($4k) in F2017, and ($4k) in F2016.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
1 |
$120k - $160k |
0 |
$80k - $120k |
3 |
$40k - $80k |
6 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2018
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Comments & Contact
Comments added by the Charity:
Charity Contact
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