Junior Achievement of South Florida Inc

Nonprofit profile at a glance

EIN
590871446
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Coconut Creek, FL, USA
Phone
9549797100
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
International Economic Development

Official website

Reported finances

Revenue
$9,976,985
Expenses
$9,666,114
Assets
$20,134,234
Liabilities
$4,524,557

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

80 people listed

Executive titles in this filing

  • LAURIE SALLARULO (PRESIDENT & CEO)

Highest reported compensation

  • LAURIE SALLARULO (PRESIDENT & CEO): $484,754 total reported compensation
  • MONICA MCNERNEY (CHIEF OPERATING OFFICER): $190,318 total reported compensation
  • ADRINIA WOODS (CHIEF REVENUE OFFICER): $187,657 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Junior achievement of south Florida, inc. Highlights the value of the free enterprise system, teaching business know-how and personal finance. We do that through proven structured, hands-on programs for all students, k-12. The relevancy of the organization's programs reinforces the learning process, encourages self-esteem and increases the potential for our students future success.

What it reported doing in 2024

The program services are comprised of the following: ja biztown: each biztown is an indoor center that contains a mini city with up to 18 public and private businesses. Each business within the center is sponsored by a real local business and displays the authentic logo and the actual marketplace appearence of the sponsor bringing the town to life for the students.ja finance park: program helps students navigate the world of personal finances as they assume the role of an "adult for the day". At ja finance park, students are given a unique life situation card which includes an income, marital status, even kids. Using this persona, students work to create a balanced monthly budget while making decisions regarding housing, transportation, insurance, savings, entertainment expenses and much more.ja inclass: ja financial literacy, work readiness, and entrepreneurship programs are designed to inspire and prepare students from kindergarten through 12th grade to own their future economic success. They are taught by trained volunteer role models from the local community using professionally designed and rigorously evaluated curriculum materials.

Operating model

Revenue model
Donor-supported. 71% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 74
  • Accountability: 100
  • Sustainability: 48
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 83.1%; rating input score 83
  • Program expense ratio: 85.3%; rating input score 85
  • Fundraising efficiency: $9.14 raised per $1 spent on fundraising; rating input score 35; 35th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 3.1%; rating input score 45; 45th percentile among comparable filings
  • Total-asset coverage ratio: 2.08; rating input score 63; 63rd percentile among comparable filings
  • Liabilities to assets ratio: 0.22; rating input score 41; 41st percentile among comparable filings
  • Officer compensation ratio: 10.5%; rating input score 28; 28th percentile among comparable filings

Growth

  • Program expense growth: 9.2% per year; rating input score 100; 61st percentile among comparable filings
  • Revenue growth: 8.7% per year; rating input score 100; 63rd percentile among comparable filings
  • Asset growth: 1.7% per year; rating input score 100; 19th percentile among comparable filings

Details

  • Where the money goes: 83.1% of revenue deployed · 85.3% of spending went to programs
  • Governance: 76 of 76 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $8.2M in reported program spending
  • Leadership: top reported pay $485K · 80 people listed · 2 of 6 pay-setting controls reported
  • Consistency: 32 of 32 current checks pass
  • Schedules: 9 filed schedules · includes major donors and executive pay
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 35/100.
  • Moderate — Sustainability: Operating margin scored 45/100.
  • High — Sustainability: Officer compensation ratio scored 28/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 41/100.