Junior Achievement Canada

1 Eva Road, Suite 218
Toronto, ON M9C 4Z5
Interim President & CEO: Karen Gallant
Board Chair: Kevin Dane

Website: www.jacanada.org
Charitable Reg. #: 10755 4222 RR0002

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

Most recent audited financial statements available on the charity's website [ Audited financial statement for most recent year ]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Cents to The Cause

♦	♦	♦
			95¢



			75¢
			avg
			65¢


			50¢

2013	2014	2015

For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #15

Avg. Compensation $99,961

Top 10 Staff Salary Range

$350k +	0
$300k - $350k	0
$250k - $300k	1
$200k - $250k	0
$160k - $200k	2
$120k - $160k	2
$80k - $120k	4
$40k - $80k	1
< $40k	0

Information from most recent CRA Charities Directorate filings for F2015

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.

Financial Review:

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 Ratios Fiscal year ending June	2015	2014	2013
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 Statements All figures in $s	2015	2014	2013
Donations	1,826,873	1,422,097	1,536,809
Business activities (net)	476,744	478,998	429,591
Special events	1,360,480	1,637,239	1,765,190
Investment income	37,965	30,173	13,971
Other income	19,588	21,189	32,500
Total revenues	3,721,650	3,589,696	3,778,061
Program costs	2,699,376	2,392,523	2,352,041
Administrative costs	631,381	315,624	325,549
Fundraising costs	641,514	780,969	616,071
Cash flow from operations	(250,621)	100,580	484,400
Funding reserves	2,809,707	3,032,918	3,299,809

Note: Ci has consolidated the financial statements of Junior Achievement of Canada and The Junior Achievement of Canada Foundation. Ci has used the management and administration, and fundraising costs reported in Junior Achievement of Canada’s T3010 filing. Ci has adjusted Junior Achievement Foundation’s contribution to Junior Achievement Canada affecting revenues by ($1.3m) in F2015, by ($1.8m) in F2014, and by ($2.1m) in F2013. Ci has adjusted depreciation affecting expenses by ($91k) in F2015, by ($47k) in F2014, and by ($43k) in F2013.

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