Junior Achievement of Central Ontario

1 Eva Road, Suite 218
Toronto, ON M9C 4Z5
President & CEO: Jane Eisbrenner
Board Chair: Cathy MacDonald

Website: www.jacanada.org/central-ontario
Charitable Reg. #: 10755 4297 RR0001
Sector: Education
Operating Charity

Charity Rating

[Charity Rating: 4/4]

Donor Accountability

Grade: B+

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 #14

Avg. Compensation $72,971

Top 10 Staff Salary Range

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

About Junior Achievement of Central Ontario:

Junior Achievement of Central Ontario (JACO) is a member of Junior Achievement Canada. It aims to inspire youth and prepare them to succeed in a global economy. JACO partners with educators, volunteers and businesses to educate elementary, middle and secondary school students about financial literacy and entrepreneurship.

Junior Achievement Central Ontario’s elementary school programs focus 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 offered 107 programs to elementary school students.

JACO's middle school programs include Dollars with Sense, Strong Together: Diversity in Action and Economics for Success. In F2015, it delivered 1,962 programs to 53,846 middle school students.

JACO’s Company Program is an 18-week program for students in grades 9 to 12. Students create, manage and liquidate a business with real money, real products and real customers. In F2015, over 1,000 students participated in the program. The students sold more than 12,000 products, generating over $100,000 in sales. JACO also holds a Titan Challenge for high school business students. In F2015, over 1,000 students learned about business practices in college and corporate environments.

In 2011, Junior Achievement Canada (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 of Central Ontario is a medium-sized charity, with donations of $1.6m in F2015. Its administrative costs are 24% of revenues and its fundraising costs are 14% of donations. For every $1 donated to the charity, 61 cents is put towards its programs, falling just within Ci’s reasonable range. Junior Achievement of Central Ontario has funding reserves of $1.8m, which includes $500k in donor-endowed funds. This results in a program cost coverage ratio excluding donor-endowed funds of 102%, meaning that the charity can cover 1 year of program costs with its current reserves.

This charity report is an update that is being reviewed by Junior Achievement of Central Ontario. Changes and edits may be forthcoming.

Updated on June 9, 2016 by Lynn Tay.

Financial Ratios

Fiscal year ending June
Administrative costs as % of revenues 24.4%25.3%24.8%
Fundraising costs as % of donations 14.2%14.2%16.0%
Program cost coverage (%) 139.2%127.5%106.4%

Summary Financial Statements

All figures in $s
Donations 1,642,9841,419,6451,537,579
Goods in kind 0016,418
Special events 680,870691,223661,807
Investment income 18,51819,86518,132
Total revenues 2,342,3722,130,7332,233,936
Program costs 1,267,7141,203,5671,367,133
Administrative costs 566,119533,195548,934
Fundraising costs 330,715300,497350,920
Cash flow from operations 177,82493,474(33,051)
Funding reserves 1,764,7981,534,5661,454,840
Note: Ci has adjusted amortization of capital assets affecting expenses by ($14k) in F2015, by ($39k) in F2014, and by ($37k) in F2013.

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