Better Business Bureau Report for
Junior Achievement of Kentuckiana

Better Business Bureau Report issued May 2014
Better Business Bureau Report expires April 2016


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 50,000 students with programs in 26 counties in Kentucky and Southern Indiana.

For the fiscal year ended June 30, 2013, Junior Achievement of Kentuckiana's program expenses were:

  
JA Programs 1,320,589
Total Program Expenses: $1,320,589
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Governance

              

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

Chair of the Board: Berard Tomassetti
Chair's Profession / Business Affiliation: Chief Accounting Officer, PharMerica

Board Size: 71

Paid Staff Size: 21

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Fund Raising

              

Method(s) Used:

Methods of fund raising include direct mail, telephone, invitations to fund raising events, grant proposals, and internet appeals.
Fund raising costs were 18% of related contributions. (Related contributions, which totaled $1,687,102, are donations 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 Junior Achievement of Kentuckiana's audited financial statements for the fiscal year ended June 30, 2013.

Ending net assets as reported below include $4,156,984 in unrestricted net assets and $47,774 in temporarily restricted net assets.

Unrestricted net assets include $2,020,167 in board designated net assets.

Total assets as reported include $1,779,059 invested in fixed assets.



Source of Funds  
Contributions 1,135,989
In-Kind Contributions 365,660
Special Events, net of direct expenses of $194,415 184,653
Realized Gain 174,163
Investment Income 22,376
Change in Value of Beneficial Interest in Assets Held by Others 9,639
Other Income 4,325
Governmental Income 800
Unrealized Loss on Investments -14,063
Total Income $1,883,542


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Uses of Funds as a % of Total Expenses

Programs: 71%  Fund Raising: 17%  Administrative: 12% 

Total income $1,883,542
Program expenses $1,320,589
Fund raising expenses 306,824
Administrative expenses 213,292
Total expenses $1,840,705
Income in Excess of Expenses 42,837
Beginning net assets 4,161,921
Other Changes in Net Assets 22,275
Ending net assets 4,204,758
Total liabilities 105,385
Total assets $4,310,143


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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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