Junior Achievement of Central Ontario

10 King Street East, Suite 501
Toronto, ON M5C 1C3
President & CEO: Jennifer Holmes-Weier
Board Chair: Chris Manning

Charitable Reg. #:10755 4297 RR0001


Ci's Star Rating is calculated based on the following independent metrics:

[Charity Rating: 3/5]



Audited financial statements for current and previous years available on the charity’s website.



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



The demonstrated impact per dollar Ci calculates from available program information.


Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.



For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 60 cents are available for programs.

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About Junior Achievement of Central Ontario:

Junior Achievement of Central Ontario is a 3-star charity with an above-average results reporting score and Fair demonstrated impact, which is below average. It is financially transparent and has overhead costs outside Ci’s reasonable range.

Founded in 2003, Junior Achievement Central Ontario (JACO) is a member of Junior Achievement Canada. JACO is the result of the amalgamation of Junior Achievement of Toronto & York Region (founded in 1968) and Junior Achievement of Peel (founded in 1981). The charity works with students in Toronto, York Region, Peel, and Simcoe. JACO partners with businesses, educators, and policymakers across Central Ontario to prepare young people to succeed in a global economy. In F2022, JACO ran programs for 43,726 students from grades three to 12 in 508 schools. The charity does not provide a breakdown of program spending.

Junior Achievement Central Ontario runs five programs for students in grades three to eight: More Than Money, Our Business World, Dollars with Sense, Economics for Success, and Money MattersMore Than Money teaches students about earning, spending, sharing, and saving money. Our Business World allows students to explore innovation and how businesses run. Dollars with Sense and Economics for Success teach students how to budget and plan their finances. Money Matters provides each of the other four programs in smaller, 30-minute modules that can be accessed through a virtual platform.

Junior Achievement Central Ontario also runs five programs for students in grades nine to 12: Pitch Your Vision, Personal Finance, Investment Strategies, Titan, and Career Accelerator. Pitch Your Vision is a six-week program that teaches students how to evaluate and build new businesses, with an opportunity to pitch their ideas at the end of the program. Personal Finance is a 75-minute program that teaches students how to save and make good financial decisions. Investment Strategies introduces students to the stock market and allows them to build a portfolio and trade over five weeks with a mock $100,000. Titan is a ten-day competition where students have to create their own business strategies. Career Accelerator is a two-year program where students can network, shadow professionals, and build soft skills. In F2022, the first year of Career Accelerator, 100 students participated in the program.

JACO’s Company Program is a four-month project where students launch and run a small enterprise with the help of mentors from the local business community. In F2022, 480 students participated in the program.

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Results and Impact

Junior Achievement Central Ontario reports that 98% of teachers agree that JA supports key learning outcomes aligned with the school curriculum, and 88% say that JA had a positive impact on students. The charity also reports that 91% of students learnt something new through a JA experience. Additionally, 91% of JA Company Program students gain real-life experience that will help them in the future, and 83% of Economics for Success students are confident that they have the skills to plan for their futures.

While Ci highlights these key results, they may not be a complete representation of Junior Achievement Central Ontario’s results and impact.

Charity Intelligence has evaluated Junior Achievement of Central Ontario and found the charity to have Fair demonstrated impact per dollar. 

Impact Rating: Fair

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In F2022, Junior Achievement Central Ontario received $2.2m in donations and special events revenue.

Administrative costs are 8% of revenues (less investment income) and fundraising costs are 32% of donations. This results in total overhead spending of 40%. For every dollar donated, 60 cents go to the cause. This is outside Ci’s reasonable range for overhead spending.

JACO has reserve funds of $2.5m, of which $500k is donor endowed. Excluding donor-endowed funds, JACO could cover almost one year and three months of annual program costs with its reserves.

­­Charity Intelligence sent an update of this report to Junior Achievement Central Ontario for review. Changes and edits may be forthcoming.

Updated on June 29, 2023 by Kiara Andrade.


Financial Review

Financial Ratios

Fiscal year ending June
Administrative costs as % of revenues 8.4%7.9%7.2%
Fundraising costs as % of donations 32.1%30.9%30.7%
Total overhead spending 40.5%38.8%37.8%
Program cost coverage (%) 122.7%190.5%114.0%

Summary Financial Statements

All figures in $s
Donations 1,827,6171,704,6091,720,980
Government funding 230,628353,483225,104
Special events 397,015314,765518,332
Investment income (206,782)258,90159,976
Total revenues 2,248,4782,631,7582,524,392
Program costs 1,607,3391,320,7711,547,421
Grants 20,13000
Administrative costs 205,181186,930176,742
Fundraising costs 714,716623,621686,944
Total spending 2,547,3662,131,3222,411,106
Cash flow from operations (298,888)500,436113,286
Capital spending 22,9626,51822,230
Funding reserves 2,466,2822,968,3282,236,104

Note: Ci included unrealized gains (losses) on investments in investment income, affecting revenues by ($336k) in F2022, $201k in F2021, and ($6k) in F2020. Ci included the Canada Emergency Wage Subsidy and Canada Emergency Rent Subsidy in revenues, affecting revenues by $89k in F2022, $279k in F2021, and $225k in F2020. To report on a cash basis, Ci included deferred contributions, affecting revenues by ($37k) in F2022, $122k in F2021, and $3k in F2020. Ci reported program, administration, and fundraising costs from the charity’s T3010 filings with the CRA. For F2022, Ci reports grants for scholarships from the charity’s T3010 and removes this cost from program costs. Ci has removed amortization from program, administrative, and fundraising costs on a pro-rata basis.

Salary Information

Full-time staff: 18

Avg. compensation: $78,820

Top 10 staff salary range:

$350k +
$300k - $350k
$250k - $300k
$200k - $250k
$160k - $200k
$120k - $160k
$80k - $120k
$40k - $80k
< $40k

Information from most recent CRA Charities Directorate filings for F2022

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Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

Website: www.jacanada.org/central-ontario
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 416-360-5252


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Charitable Registration Number: 80340 7956 RR0001