Junior Achievement Canada
Toronto, ON M9C 4Z5
Interim President & CEO: Karen Gallant
Board Chair: Kevin Dane
Charitable Reg. #: 10755 4222 RR0002
Grade: A-The grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Cents to The Cause
Full-time staff #15
Avg. Compensation $99,961
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||1|
|$200k - $250k||0|
|$160k - $200k||2|
|$120k - $160k||2|
|$80k - $120k||4|
|$40k - $80k||1|
About Junior Achievement Canada:
Founded in 1955, Junior Achievement Canada (JA Canada) aims to inspire youth and prepare them to succeed in a global economy. As a large youth business education organization, JA Canada has a national office and 16 Charters and Alternate Delivery Models that deliver programs in its communities. JA Canada works in partnership with educators, volunteers and businesses to educate elementary, middle and secondary school students about financial literacy, work readiness and entrepreneurship.
Junior Achievement Canada’s financial literacy program help students learn to create and manage wealth, developing skills such as budgeting, investing and creating financial plans. Its work readiness program teaches students career-building skills, including communication, networking, interviewing and collaboration. JA Canada’s entrepreneurship program allows students to gain experience in running a successful business. It teaches students to create business plans, innovate and manage teams. In F2015, Junior Achievement Canada delivered 9,713 programs to 248,404 students.
In 2011, JA Canada engaged The Boston Consulting Group in a year-long study to measure the value of its programs across Canada. The study found that JA Canada’s work has a direct impact of $105 million on Canada’s economy each year. It also found that for every $1 received, JA Canada creates an annual return to society of $45. The study reports that JA Canada’s alumni are 50% more likely than the average Canadian to open their own business.
Junior Achievement Canada is a medium-sized charity, with donations of $1.8m in F2015. Its administrative costs are 17% of revenues and have increased by 8% since F2014. Its fundraising costs are 20% of donations and have fallen by 5% since F2014. For every $1 donated to the charity, 63 cents is put towards its programs, falling within Ci’s reasonable range. Junior Achievement Canada has funding reserves of $2.8m, meaning that the charity can fund 1 year of its annual programs using its current reserves.
This charity report is an update that is being reviewed by Junior Achievement Canada. Changes and edits may be forthcoming.
Updated on June 8, 2016 by Lynn Tay.
Financial RatiosFiscal year ending June
|Administrative costs as % of revenues||17.1%||8.9%||8.7%|
|Fundraising costs as % of donations||20.1%||25.5%||18.7%|
|Program cost coverage (%)||104.1%||126.8%||140.3%|
Summary Financial StatementsAll figures in $s
|Business activities (net)||476,744||478,998||429,591|
|Cash flow from operations||(250,621)||100,580||484,400|