Jump Math

One Yonge Street, Suite 1014
Toronto, ON M5E 1E5
CEO: Scott McMeekin
Board Chair: Lisa O'Toole

Website: www.jumpmath.org
Charitable Reg. #: 86432 6814 RR0001
Sector: Education
Operating Charity

Charity Rating

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Donor Accountability

Grade: A

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

Financial Transparency

Audited financial statements for current and previous years available on the charity's website [ Audited financial statement for most recent year ]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #28

Avg. Compensation $77,008

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 2
$80k - $120k 5
$40k - $80k 3
< $40k 0
Information from most recent CRA Charities Directorate filings for F2016

About Jump Math:

Founded in Canada in 2002, JUMP Math runs math programs for children in grades 1 to 8. These math programs are based on the latest cognitive science research and innovative instructional approaches. The charity’s mission is to enhance potential by encouraging an understanding and love of math in students and educators. JUMP Math’s philosophy is based on the causal link between a child’s academic success and their future contribution to society.

JUMP Math resources are available for all grades between kindergarten and grade 8. The charity offers teachers, tutors, and parents materials and training to help them with their students and/or children. In F2016, JUMP Math trained 1,750 teachers, gave 4,622 students JUMP Math resources, gave 197 tutors resources, reached 18,000 indigenous students and reached 172,500 students across Canada, the US, and Spain. Based on the charity’s website, JUMP Math currently reaches more than 150,000 students in Canada.

JUMP Math was analyzed by Success Markets Inc., who found the JUMP Math program to have a high social return by improving student math performance, reducing math anxiety, improving student and teacher confidence, improving teacher skills, and investing in research to further improve the effectiveness of the JUMP program.

JUMP Math also undergoes an annual assessment through its National Book Fund (NBF) program. For F2016, the NBF report found that math achievement of students in the JUMP program grew at 2.4 times the rate of the standardized sample. The report also found that between the fall and spring of the school year, the number of students in the program scoring below average in math skills dropped by 8%.

Financial Review:

JUMP Math is a small-cap charity with total donations of $990k in F2016. Publication sales, training and royalties revenues make up 78% of total revenues in F2016. Administrative costs are 5% of revenues and fundraising costs are 33% of donations. Per dollar donated to the charity, $0.62 goes toward its programs, which falls outside Ci’s reasonable range for overhead spending. Funding reserves of $1.7m can cover only 43% of annual program costs, indicating a funding need.  

This charity report is an update that is currently being reviewed by Jump Math. Comments and edits may be forthcoming. 

Updated on August 9, 2017 by Katie Khodawandi.  

Financial Ratios

Fiscal year ending April 		201620152014
Administrative costs as % of revenues 5.2%8.3%9.5%
Fundraising costs as % of donations 33.1%12.3%0.0%
Program cost coverage (%) 42.8%38.6%19.0%

Summary Financial Statements

All figures in $s 		201620152014
Donations 990,781859,8651,373,953
Government funding 0032,650
Fees for service 3,643,0873,839,2071,973,844
Investment income 68268909
Other income 37,35419,3765,817
Total revenues 4,671,2904,718,7163,387,173
Program costs 3,866,3283,492,6132,895,869
Administrative costs 244,536390,037321,160
Fundraising costs 327,687105,7720
Cash flow from operations 232,739730,294170,144
Funding reserves 1,656,0821,347,853548,784
Note: Ci reported publication sales, training, and royalties revenues in fees for services. Ci adjusted for deferred royalties in fees for services, affecting total revenues by ($1.7m) in F2016, $1.5m in F2015, and $171k in F2014. Ci adjusted for deferred grants in donations, affecting revenues by $25k in F2016, ($87k) in F2015 and $44k in F2014. Ci gathered program, administrative and fundraising costs from the charity’s T3010 CRA filings and backed out amortization from administrative costs.  

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