Junior Achievement of British Columbia
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
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.
57%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 57 cents are available for programs.
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OVERVIEW
About Junior Achievement of British Columbia:
Junior Achievement of British Columbia is a 3-star charity. It has a B+ results reporting score, which is above average. Its overhead spending is outside Ci’s reasonable range, and it has enough reserve funds to cover nine months of its annual program costs.
Founded in 1967, Junior Achievement of British Columbia (JABC) is a member of Junior Achievement Canada and Junior Achievement Worldwide. JABC delivers free educational programs in work readiness, financial health, and entrepreneurship. JABC offers programs for elementary and high school students. It works with educators, volunteers, and partner companies. JABC’s vision is to give BC youth the skillset and mindset to build thriving communities. JABC offers Classroom and Online Programs, and Capstone Experiences. It does not provide a program spending breakdown. In the fiscal year ending June 2023 (F2023), JABC reached 64,710 youth and 792 educators. JABC’s goal is that by F2026, 100,000 BC youth will experience a JA program each year.
Junior Achievement of British Columbia offers 11 Classroom and Online Programs. Five of these programs are available to elementary students. Nine are available to high school students. Programs vary in length from two hours to sixteen weeks. In F2023, JABC delivered 2,623 programs in 439 schools. It also delivered 142 programs in 25 Indigenous communities. JA programs are free and available to all schools, communities, and organizations. JABC’s programs align with the BC curriculum. JABC can present programs in class or online. In F2023, JABC awarded $37,000 in awards and scholarships to students in its programs.
JABC also offers four Capstone Experiences. TechWorks allows youth to explore tech-related careers. In F2023, 34 volunteer speakers educated over 6,370 students about careers in the tech industry. World of Choices introduces students to industry leaders and different career opportunities in BC. In F2023, this program connected 27,373 students in 932 classes with industry experts. Discover Your Pitch is an investor pitch competition. Students pitch their business ideas to a panel of judges. Personal Budgeting is a live virtual program. It allows students to meet financial experts and learn about budgeting.
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Results and Impact
In 2011, Junior Achievement Canada underwent a third-party evaluation with Boston Consulting Group (BCG). BCG found that:
75% of achievers stated that JA had a significant impact on the development of their financial literacy and decision-making skills.
75% of achievers stated that JA had a significant impact on their decisions to stay in school and enrol in post-secondary education.
JA graduates are 50% more likely to open a business.
Achievers’ average income is 50% higher than non-alumni.
JA graduates are three times less likely to spend more than they earn.
75% of JA graduates would retake the program and recommend it to their peers.
Junior Achievement of British Columbia surveyed students who participated in Capstone Experiences. It found that:
Discover Your Pitch: As a result of participating in Discover Your Pitch, 89% of students reported that they feel more comfortable in public speaking.
TechWorks: 86% of students reported an increased awareness of the role that technology plays in a variety of industries. 80% of students say they acquired a deeper awareness of the tech-related careers that are available to them after graduation. 82% of students reported an increased understanding of the positive impact tech has on society.
While Ci highlights these key outcomes, they may not be a complete representation of Junior Achievement of British Columbia’s results and impact.
This charity is not yet rated on impact (n/r).
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Finances
In F2023, Junior Achievement of British Columbia received $3.6m in donations and special events revenue. Administrative costs are 14% of total revenue (excluding investment income) and fundraising costs are 28% of donations. Overhead spending is 43%, which is outside Ci’s reasonable range. For every dollar donated, 57 cents are available for the cause. In F2023, JABC spent $2.1m on its programs (57% of total revenue).
In F2023, JABC had a surplus of $63k and spent $288k on capital expenditures.
At the end of F2023, JABC had $2.0m in reserve funds. $283k of reserve funds are donor endowed. Excluding donor-endowed funds, JABC has enough reserve funds to cover 79% or nine months of its annual program costs.
JABC has an internally restricted Place of Honour fund. These funds are internally restricted for the maintenance of the Place of Honour Wall. In F2023, this fund had a net book value of $346k.
This charity profile is an update that has been sent to Junior Achievement of British Columbia for review. Changes and edits may be forthcoming.
Updated on July 22nd, 2024 by Thea Clark.
Financial Review
Fiscal year ending June
|
2023 | 2022 | 2021 |
|---|---|---|---|
| Administrative costs as % of revenues | 14.4% | 22.2% | 16.3% |
| Fundraising costs as % of donations | 28.2% | 35.4% | 32.1% |
| Total overhead spending | 42.6% | 57.6% | 48.4% |
| Program cost coverage (%) | 79.2% | 121.4% | 158.5% |
Summary Financial StatementsAll figures in $s |
2023 | 2022 | 2021 |
|---|---|---|---|
| Donations | 2,431,386 | 1,569,071 | 1,300,358 |
| Government funding | 0 | 0 | 289,487 |
| Special events | 1,152,744 | 1,429,587 | 816,812 |
| Investment income | 148,870 | (42,877) | 188,513 |
| Total revenues | 3,733,000 | 2,955,781 | 2,595,170 |
| Program costs | 2,141,629 | 1,638,274 | 1,573,006 |
| Administrative costs | 517,222 | 666,181 | 392,439 |
| Fundraising costs | 1,010,527 | 1,059,884 | 679,420 |
| Other costs | 408 | 2,305 | 9,899 |
| Total spending | 3,669,786 | 3,366,644 | 2,654,764 |
| Cash flow from operations | 63,214 | (410,863) | (59,594) |
| Capital spending | 288,458 | 90,080 | 24,219 |
| Funding reserves | 1,967,502 | 2,242,859 | 2,734,734 |
Note: ADMINISTRATIVE AND FUNDRAISING COSTS: The charity does not report administrative and fundraising costs in its audited financial statements. Ci used the charity’s T3010 filing with the CRA to determine administrative and fundraising costs. Ci removed these amounts from program costs. DEFERRED CONTRIBUTIONS: Ci adjusted for deferred contributions in donations, affecting total revenue by ($103k) in F2023, ($441k) in F2022, and ($307k) in F2021. UNREALIZED GAIN (LOSS) ON INVESTMENTS: Ci included unrealized gain (loss) in investment income, affecting total revenue by $45k in F2023, ($132k) in F2022, and $120k in F2021.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
1 |
$160k - $200k |
1 |
$120k - $160k |
0 |
$80k - $120k |
3 |
$40k - $80k |
5 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2023
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Comments & Contact
Comments added by the Charity:
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 604-688-3887