Junior Achievement of Southern Alberta

870, 105 12 Avenue SE
Calgary, AB T2G 1A1
President & CEO: Scott Hillier
Board Chair: Gerard McInnis

Website: www.jasab.ca
Charitable Reg. #: 10755 4396 RR0001
Sector: Education
Operating Charity

Social Results Reporting

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 available only upon request [ Audited financial statement for most recent year ]

Program Cost Coverage

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #14

Avg. Compensation $72,205

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 2
$80k - $120k 1
$40k - $80k 7
< $40k 0
Information from most recent CRA Charities Directorate filings for F2015

About Junior Achievement of Southern Alberta:

Founded in 1960, Junior Achievement Southern Alberta (JASA) is a member of Junior Achievement Canada. JASA's mission is to "inspire and prepare young people to succeed in a global economy." Its charter position statement is to engage community volunteers to "inspire and educate all young Albertans to succeed in the global economy by developing entrepreneurial, financial literacy and leadership skills." JASA offers programs for students in grades 5 to 12.

Junior Achievement Southern Alberta's elementary school programs are focused on students in grades 5 and 6. Our Business World uses games and multimedia to teach students about innovation, start-ups and self-employment. In F2015, it delivered 170 classes to 4,046 students.

JASA's middle school programs include Dollars with Sense, Strong Together: Diversity in Action, Economics for Success and Investment Strategies Program. In F2015, it delivered 809 classes to 21,264 students.

Finally, its high school programs include Company Program, Investment Strategies Program, World of Choices and Titan. In F2015, it delivered 118 classes to 2,965 students.

Junior Achievement Southern Alberta also partnered with the Future Aboriginal Business Leaders Symposium to develop and pilot a series of Aboriginal financial literacy programs to students attending Treaty 7 reserve schools.

In 2011, The Boston Consulting Group completed a study to assess the impact of JA Canada. It found that Junior Achievement creates an annual return of $45 for every one dollar spent by helping youth stay in school, encouraging new businesses, and providing youth with valuable skills. It also found that Junior Achievement's annual impact on Canada's economy is $105 million.

Financial Review:

Junior Achievement Southern Alberta is a medium-sized charity, with donations of $1.5m in F2015. Its administrative costs are 16% of revenues and its fundraising costs are 18% of donations. For every $1 donated to the charity, 66 cents is put towards its programs, falling within Ci's reasonable range. The charity has funding reserves of $1m, resulting in a program cost coverage ratio of 65%. This means that it can cover 7.8 months of its annual programs using its existing reserves.

This charity report is an update that is being reviewed by Junior Achievement Southern Alberta. Changes and edits may be forthcoming.

Updated on June 8, 2016 by Lynn Tay.

Financial Ratios

Fiscal year ending June
201520142013
Administrative costs as % of revenues 16.3%20.1%27.6%
Fundraising costs as % of donations 17.8%18.0%16.6%
Program cost coverage (%) 64.9%53.4%76.3%

Summary Financial Statements

All figures in $s
201520142013
Donations 1,479,4401,546,3171,249,591
Goods in kind 189,736177,828187,577
Government funding 221,613100,863154,672
Special events 601,625476,700479,618
Investment income 6,7359313,555
Total revenues 2,499,1492,302,6392,075,013
Program costs 1,616,2791,414,5671,145,109
Administrative costs 406,163462,508572,221
Fundraising costs 369,467364,726286,364
Cash flow from operations 107,24060,83871,319
Funding reserves 1,049,499755,976873,803
Note: Ci has adjusted amortization affecting expenses by ($16k) in F2015, by ($9k) in F2014, and by ($3k) in F2013.

Comments added by the Charity:

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