Junior Achievement of British Columbia

#360 - 475 West Georgia Street
Vancouver, BC V6B 4M9
President & CEO: Sheila Biggers
Board Chair: Andrew Marchant

Charitable Reg. #:11897 6166 RR0001

STAR RATING

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

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FINANCIAL TRANSPARENCY

Audited financial statements available only upon request.

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


Financial Ratios

Fiscal year ending June
201820172016
Administrative costs as % of revenues 18.6%7.6%10.3%
Fundraising costs as % of donations 20.6%29.7%26.9%
Program cost coverage (%) 151.4%188.6%174.4%

Summary Financial Statements

All figures in $s
201820172016
Donations 1,274,7061,398,8361,368,383
Government funding 333,352333,324333,324
Special events 982,414984,969762,414
Investment income 48,21046,157107,350
Total revenues 2,638,6822,763,2862,571,471
Program costs 1,705,1651,537,5441,587,290
Administrative costs 482,330206,084254,854
Fundraising costs 464,129708,885572,769
Cash flow from operations (12,941)310,772156,559
Funding reserves 2,580,9922,899,8772,768,817

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

Full-time staff: 18

Avg. Compensation $65,386

Top 10 staff salary range

$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

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Charity Contact

Website: www.jabc.ca
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