Junior Achievement of British Columbia
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
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 British Columbia:
Founded in 1967, Junior Achievement British Columbia (JABC) is a member of Junior Achievement Canada. Junior Achievement British Columbia partners with businesses, educators, and policy makers across Central Ontario with the goal of preparing young people to succeed in a global economy. JABC delivers several educational programs across three Junior Achievement pillars: financial literacy, work readiness, and entrepreneurship. In F2018, JABC delivered a total of 1,467 programs to 391 schools in 55 school districts, reaching 37,914 students. JABC runs programs for students in elementary school, middle school, and high school.
Junior Achievement British Columbia runs three programs for elementary school students. 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. Business of Our Own gives students hands-on experience of planning a business, producing, and promoting their products.
Junior Achievement British Columbia has four programs for middle school students: Business of Our Own, Dollars with Sense, Economics for Success, and Personal Finance. 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 British Columbia runs seven programs for high school students: Economics for Success, Personal Finance, Company Program, Be Entrepreneurial, Investment Strategies Program, Titan, and Entrepreneurial Trades Program. JABC’s Company Program is a 10-16-week program in which students plan and operate their own small business. Titan is an online business simulation that teaches about business strategy, making management decisions, and succeeding in a competitive industry.
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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. The report also found that JA Canada alumni’s average income is 50% higher than non-alumni. Over 75% of alumni say that JA Canada had a significant impact in developing their financial literacy and decision-making skills.
While Ci highlights these key results, they may not be a complete representation of Junior Achievement British Columbia’s results and impact.
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Finances
Junior Achievement British Columbia is a medium-sized charity, with total donations and special events revenues of $2.3m in F2018. Administrative costs are 19% of revenues (excluding investment income) and fundraising costs are 21% 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 $2.6m can cover 1.5 years of annual program costs.
This charity report is an update that has been sent to Junior Achievement British Columbia for review. Changes and edits may be forthcoming.
Updated on July 19, 2019 by Lauren Chin.
Financial Review
Fiscal year ending June
|
2018 | 2017 | 2016 |
|---|---|---|---|
| Administrative costs as % of revenues | 18.6% | 7.6% | 10.3% |
| Fundraising costs as % of donations | 20.6% | 29.7% | 26.9% |
| Total overhead spending | 39.2% | 37.3% | 37.2% |
| Program cost coverage (%) | 140.5% | 176.7% | 162.9% |
Summary Financial StatementsAll figures in $s |
2018 | 2017 | 2016 |
|---|---|---|---|
| Donations | 1,274,706 | 1,398,836 | 1,368,383 |
| Government funding | 333,352 | 333,324 | 333,324 |
| Special events | 982,414 | 984,969 | 762,414 |
| Investment income | 48,210 | 46,157 | 107,350 |
| Total revenues | 2,638,682 | 2,763,286 | 2,571,471 |
| Program costs | 1,705,165 | 1,537,544 | 1,587,290 |
| Administrative costs | 482,330 | 206,084 | 254,854 |
| Fundraising costs | 464,129 | 708,885 | 572,769 |
| Total spending | 2,651,623 | 2,452,514 | 2,414,912 |
| Cash flow from operations | (12,941) | 310,772 | 156,559 |
| Capital spending | 0 | 3,201 | 154,452 |
| Funding reserves | 2,580,992 | 2,899,877 | 2,768,817 |
Note: Ci has used the management and administration and fundraising costs reported on the charity’s T3010 as the charity does not explicitly report these costs on its audited financial statements. Ci has adjusted for unrealized gains (losses) affecting revenues by ($29k) in F2018, ($34k) in F2017, and $15k in F2016.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
1 |
$120k - $160k |
2 |
$80k - $120k |
0 |
$40k - $80k |
7 |
< $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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