BBB Charity Review

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BBB Reliability Report for

Junior Achievement-Rocky Mountain, Inc.


Original Business Start Date: 08/03/1950

A BBB Accredited Charity since 06/21/2010.


This BBB Accredited Charity meets all 20 Standards for Charity Accountability and is a Seal Holder.
BBB issues Charity Reports on all organizations, whether or not they are BBB accredited. If an organization is a BBB Accredited Charity, it is stated in this report.
Name: Junior Achievement-Rocky Mountain, Inc.
Phone: (303) 534-5252
Fax: (303) 534-2771
Address: 1445 Market St STE 200
Denver, CO 80202-1728
Website: www.jacolorado.org
Report Creation Date: January 17, 2014
Report Expiration Date: January 17, 2016
Original Business Start Date: August 1950
Principal: Ms. Robin Wise, President & CEO
Customer Contact: Ms. Kim McGrigg, Director of Communications
Incorporated: January 1950, CO
Type of Business: Charity - Local, Charity - Education & Literacy
BBB Accreditation: This organization is a BBB Accredited Charity.

Stated Purpose

JA is working to prepare young people to thrive in the 21st century workplace and global economy by inspiring a passion in free enterprise and entrepreneurship, and instilling an understanding of personal financial literacy.


Evaluation Conclusions

This organization has been evaluated according to the 20 BBB Standards for Charity Accountability. This organization meets all those Standards and is a BBB Accredited Charity.


BBB Charity Seal Participation

Charities that meet the Standards for Charity Accountability are eligible to participate in BBB Wise Giving Alliance Charity Seal program. The seal, which can be displayed on the charity's web site and in printed materials, helps inform the public that the charity meets these standards. This organization participates in this program.


Programs

JA offers 27 experiential learning programs for young people in grades K-12 in the areas of personal finance, entrepreneurship and workforce readiness. All JA classroom programs are offered at no cost to schools or students and are delivered by a trained business or community volunteer who can bring these important concepts to life. Beginning with kindergarten, the program continues through the 12th grade, providing exciting, eye-opening realizations about how our economy works, how to find and keep a job, make good personal economic choices, and the role that business plays in our lives. Elementary School Programs teach the basic concepts of business and economics and how education is relevant to the workplace. Middle School Programs reinforce the value of education and teach students about the economic benefits of staying in school with a focus on personal financial literacy. High School Programs help students make informed, intelligent decisions about their future, and foster skills that will be highly useful in the business world.

According to JA, each year they equip over 5,000 volunteers to empower over 100,000 K-12 students in Metro Denver, Northern Colorado and Southern Wyoming to own their future economic success.

Total Program Expenses:$2,864,340

Governance

Chief Executive Officer:Robin Wise
Chair of the Board:Brian Addy
Chair's Profession / Business Affiliation:Ad-Venture Capital Management
Board Size:63
Paid Staff Size:30 Full Time. 4 Part Time.

Fund Raising

Method(s) Used:Fund raising events, grant proposals, planned giving, direct mail, telephone and Internet appeals.


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.


Financial

According to Junior Achievement-Rocky Mountain, Inc.'s Audited Financial Statements for the year ended June 30, 2013:

Income
 Total Income:$4,344,425
 
Expenses  % of total
Expenses
% of total
Income
 Programs:$2,864,340 70.00%65.93%
 Fund Raising:$350,278 8.56%8.06%
 Administrative:$165,331 4.04%3.81%
 Other:$712,195 17.40%16.39%
 Total Expenses:$4,092,144
 
Excess of Income over Expenses$252,281
Ending Net Assets:$3,330,983

* Excess for the year indicates the portion of income remaining after expenses.


Charity Licensing

All charitable organizations soliciting contributions in Colorado -- with a few specific exceptions listed in the Charitable Solicitations Act at 6-16-104(6)(a)-(c), C.R.S. -- must submit an initial registration statement with the Secretary of State and receive a registration number. After the initial registration, annual registration statements must be renewed each year by the 5th day of the fifth month after the close of the organization‪s fiscal year. In addition, all solicitation campaigns utilizing paid solicitors as defined at 6-16-103(7), C.R.S. must be listed on separate Solicitation Notices, which should be filed online by the paid solicitor.

An organization may change its practices at any time without notice. Please understand that a BBB report is furnished solely to assist donors in making their own judgment. This report is not to be used for fund raising or promotional purposes. Copyright 2006, BBB.


Additional Contact Information

Additional Phone Numbers
Tel: (303) 260-6295


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Industry Tips

Charitable Giving Tips

Whether charitable organizations use their employees, volunteers or professional fund- raisers to solicit donations by phone, mail, or in person, consider the following precautions to ensure that your donation dollars benefit the people and programs you want to help.

-Ask for written information, including the charity's name, address, and telephone number. A legitimate charity or fund- raiser will give you materials outlining the charity's mission, how your donation will be used, and proof that your contribution is tax deductible.

-Ask for identification. Many states require paid fund-raisers to identify themselves as such and to name the charity for which they're soliciting. If the solicitor refuses, hang up and report it to local law enforcement officials.

-Call the charity. Find out if the organization is aware of the solicitation and has authorized the use of its name. If not, you may be dealing with a fraudulent solicitor.

-Watch out for similar sounding names. Some phony charities use names that closely resemble those of respected, legitimate organizations.

-Know the difference between "tax exempt" and "tax deductible." Tax exempt means the organization doesn't have to pay taxes. Tax deductible means you can deduct your contribution on your federal income tax return. Even though an organization is tax exempt, your contribution may not be tax deductible. If deductibility is important to you, ask for a receipt showing the amount of your contribution and stating that it is tax deductible.

-Know that a 501(c)(3) organization must make a copy of its annual returns, (Form 990 or Form 990EZ) for the last three years and its exempt status application and supporting documents available for you to view during business hours.

-Be skeptical if someone thanks you for a pledge you don't remember making. If you have any doubt whether you've made a pledge or previously contributed, check your records. Be on the alert for invoices claiming you've made a pledge when you know you haven't. Some unscrupulous solicitors use this approach to get your money.

-Ask how your donation will be distributed. How much will go to the program you want to support, and how much will cover the charity's administrative costs? If a professional fund-raiser is used, ask how much it will keep.

-Refuse high pressure appeals. Legitimate fund-raisers won't push you to give on the spot.

-Be wary of charities offering to send a courier to collect your donation immediately.

-Consider the costs. When buying merchandise or tickets for special events, or when receiving free goods in exchange for giving, remember that these items cost money and generally are paid for out of your contribution. Although this can be an effective fund-raising tool, less money may be available for the charity.

-Be wary of guaranteed sweepstakes winnings in exchange for a contribution. You never have to donate anything to be eligible to win.

-Avoid cash gifts that can be lost or stolen. For security and tax record purposes, it's best to pay by check. Use the official full name of the charity - not initials - on your check. Avoid solicitors who want to send a courier or use an overnight delivery service to pick up your donation.

More information:
Philanthropic Advisory Service/ BBB Wise Giving Alliance Council of BBBs
4200 Wilson Boulevard, Suite 800
Arlington, VA 22203-1838
(703) 276-0100
http://www.bbb.org

American Institute of Philanthropy
4905 Del Ray Avenue, Suite 300
(301) 913-5200


(Source of info: http://www.ftc.gov/ftc/consumer.htm)


ID: 1022762
Report as of April 27, 2015 12:42
Copyright© 2015 Better Business Bureau


An organization may change its practices at any time without notice. Donors must decide for themselves the significance of any variation from BBB Standards, taking into account the relative importance of the practice in question in the context of the organization's total performance.

This report reflects the results of an evaluation of informational materials provided voluntarily by the organization. The report is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgement.

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


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As a matter of policy, BBB does not endorse any product, service or business.

BBB Business Reviews are provided solely to assist you in exercising your own best judgment. Information in this BBB Business Review is believed reliable but not guaranteed as to accuracy.

BBB Business Reviews generally cover a three-year reporting period. BBB Business Reviews are subject to change at any time.