Junior Achievement of Central Virginia
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
Junior Achievement of Central Virginia does not meet the following 2 Standards for Charity Accountability:
Standard 7 (Board Approval of Written Report on Effectiveness)
Submit to the organization's governing body, for its approval, a written report that outlines the results of the aforementioned performance and effectiveness assessment and recommendations for future actions.
JACV does not meet this Standard because:
- Although the organization has produced a written effectiveness assessment report August 2023, the report did not include recommendations for future actions.
Standard 16 (Annual Report)
Have an annual report available to all, on request, that includes: (a) the organization's mission statement, (b) a summary of the past year's program service accomplishments, (c) a roster of the officers and members of the board of directors, (d) financial information that includes (i) total income in the past fiscal year, (ii) expenses in the same program, fund raising and administrative categories as in the financial statements, and (iii) ending net assets.
JACV does not meet this Standard because the 2023 annual report did not include:
- Total end of year net assets.
Junior Achievement of Central Virginia meets the remaining 18 Standards for Charity Accountability.
Stated Purpose:
"to inspire and prepare young people to succeed in a global economy."
Year, State Incorporated:
1966, VA
Also Known As:
JA Central Virginia
Junior Achievement of Central Virginia (JACV) offers programs focused on financial literacy, work readiness, and entrepreneurship. The programs are available to students in K-12 grades and young adults. The JA High School Heroes program allows high school students to practice their communication and presentation skills while introducing elementary school students to essential JA programs. In partnership with ChamberRVA, JACV helps implement Mission Tomorrow, a career exploration program connecting eighth grade students to local businesses and allows them to engage with professionals and learn about various industries and career pathways. The JA Job Shadow program consists of four teacher-led sessions in the classroom and a four-hour class site visit to a partner company in a field of interest. The organization reports that its capstone program, JA Finance Park, helps students learn vital workforce skills and begin identifying their abilities, interests, work preferences and values.
For the year ended June 30, 2023, Junior Achievement of Central Virginia's program expenses were:
| High school programs | $1,181,191 |
| Middle school programs | $87,148 |
| Elementary school programs | $24,528 |
| Total Program Expenses | $1,292,867 |
Chief Executive
Jennifer Boyle, President and Chief Executive Officer
Compensation*
$170,800
Chair of the Board
Andrew Miller
Chair's Profession / Business Affiliation
Co-Founder and Vice President of Strategy, Workshop Digital
Board Size
43
Paid Staff Size
8
*2022 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Direct mail appeals, Special events, Foundation grants
Fundraising costs were 10% of related contributions. (Related contributions, which totaled $1,883,367, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Junior Achievement of Central Virginia's audited financial statements for the year ended June 30, 2023.
Source of Funds
| Other income | $5,965 |
| Interest income | $13,879 |
| In-kind contributions | $42,697 |
| Government contributions | $59,598 |
| Foundation contributions | $79,562 |
| Individual contributions | $90,226 |
| Special events | $206,234 |
| Corporate contributions | $710,050 |
| Total Income | $1,208,211 |
Programs: 83% Fundraising: 7% Administrative: 10%
| Total Income | $1,208,211 |
| Total expenses: | $1,566,240 |
| Program expenses | $1,292,867 |
| Fundraising expenses | $116,841 |
| Administrative expenses | $156,532 |
| Other expenses | $0 |
| Income in Excess of Expenses | $-358,029 |
| Beginning Net Assets | $3,681,005 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $3,322,976 |
| Total Liabilities | $363,017 |
| Total Assets | $3,685,993 |
Note: According to JACV’s audited financial statements for the year ended June 30, 2023, the organization received in-kind contributions of $42,697 including other ($34,974), giveaway items ($5,223), and advertising ($2,500).
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
RELATED CONTENT
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Meets Standards
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Standards Not Met
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Did Not Disclose
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Review in Progress
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Unable to Verify
Report completed by:
BBB Wise Giving Alliance