Better Business Bureau Report for
Junior Achievement of Kentuckiana

Better Business Bureau Report issued December 2009
Better Business Bureau Report expires May 2012


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


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Charity Contact Information

Name: Junior Achievement of Kentuckiana
Address: 1401 W. Muhammad Ali Blvd.
  Louisville, KY 40203
Phone: 502-561-5437
Web Address: www.jaky.org
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Better Business Bureau Comments

Year, State Incorporated: 1949, Kentucky
Affiliates: None
Stated Purpose: Junior Achievement's mission is to inspire and prepare young people for success in the global economy.

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Evaluation Conclusions

              

Junior Achievement of Kentuckiana meets the 20 Standards for Charity Accountability.
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Programs

              

Incorporated in 1949, Junior Achievement’s age-appropriate classroom and experiential programs begin at the elementary school level, teaching children how they can influence the world around them as individuals, workers and consumers. The learning continues through the middle and high school grades, as students prepare for the economic and workforce issues they will face in the future. The three pillars of JA program content are: Financial Literacy, Workforce Readiness and Entrepreneurship. Curriculum is correlated with state and local learning standards. JA uses classroom lessons taught by volunteers and teachers, as well as hands-on experiences in Sam Swope JA BizTown® and Chase Finance Park™ to help young people understand the economics of life. Locally, JA serves 44,000 students with programs in 26 counties in Kentucky and Southern Indiana.

For the fiscal year ended June 30, 2009, Junior Achievement of Kentuckiana's program expenses were:

  
Program services 1,098,199
Donated goods and services 228,409
Experiential learning campaign 122
Total Program Expenses: $1,326,730
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Governance

              

Chief Executive : Debra H. Hoffer, President
Compensation*:

Chair of the Board: Richard F. Carrico
Chair's Profession / Business Affiliation: Vice President Finance, Norton Healthcare

Board Size: 54

Paid Staff Size: 16

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Fund Raising

              

Method(s) Used:

Fund raising methods include direct mail, telephone, invitations to fund raising events, grant proposals, internet, planned giving arrangements, and cause-related marketing
Fund raising costs were 15% of related contributions. (Related contributions, which totaled $1,365,898, are donations and other support received as a result of fund raising activities.)
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Tax Status

              

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.
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Financial

              

The following information is based on the agency’s audited financial statements for the year that ended June 30, 2009.

Ending net assets as reported below include $2,824,562 in unrestricted net assets and $1,377,192 in temporarily restricted net assets.

Unrestricted net assets include $2,221,132 in assets invested in property and equipment net and $665,125 in board designated assets.






Source of Funds  
Contributions, sponsorships and grants 839,744
Special event revenue (less direct expenses in the amount of $93,735) 284,434
Donated goods and services 228,409
Net unrealized gain (loss) on beneficial interest in assets held by others and on sale of investments 23,057
Interest and dividends 12,398
Other income 8,350
Contributions, experiential learning campaign 4,961
Interest-experiential learning campaign 4,139
Net realized loss on beneficial interest in assets held by others and on sale of investments -180,412
Total Income $1,225,080


chart



Uses of Funds as a % of Total Expenses

Programs: 76%  Fund Raising: 12%  Administrative: 12%  Other Expenses: Less than 1%

Total income   $1,225,080
  Program expenses $1,326,730
  Fund raising expenses 208,144
  Administrative expenses 201,176
  Other Expenses 1,277
Total expenses   $1,737,327
Expenses in Excess of Income   (512,247)
Beginning net assets   4,714,001
Ending net assets   4,201,754
Total liabilities   97,715
Total assets   $4,299,469


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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 BBB 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 Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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