CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.

Any time an Analysts' Note refers to a charity's Audited Financial Statements or IRS tax form, CharityWatch encourages interested donors to obtain a copy of the referenced documents so that they may view the information in context. Please contact the charity directly to request a copy of any referenced document. Charity tax forms and audits may also be obtained from a number of online databases. For a list of sources, please visit our LINKS page.

Note(s)
According to the Junior Achievement USA audit of June 30, 2015 (Note 1, Nature of Operations):

"Junior Achievement USA(R) (the Organization) is the Regional Operating Center for the United States. The Organization reaches out to the local community through a network of area offices who educate and inspire young people to value free enterprise, business and economics to improve the quality of their lives. [...] An area office is a community-based organization that serves a specific geographic area. Each area office is incorporated under the guidelines of its respective state and by-laws, which govern the actions and responsibilities of the area office's Board of Directors. The Regional Operating Center and the area offices join together under the terms of a signed agreement whose guiding principle is mutual support. As of June 30, 2015, 115 U.S. area offices provided programs in 50 states. The area offices' financial statements are not included in the financial statements of the Organization, since it does not have a controlling interest in the area offices' Board of Directors or a financial interest in the area offices' operations..."

[Note: CharityWatch's rating of Junior Achievement USA does not include the activities of the 115 U.S. area offices since the area offices' financial statements are not included in the Organization's audited financial statements (as noted above).]
According to the Junior Achievement USA audit of June 30, 2015 (Note 14, Contribution Concentrations):

"... Approximately 40% and 50% of the [Organization's] contribution revenue was received from two donors in 2015 and 2014, respectively."
According to the Junior Achievement USA audit of June 30, 2013 (Note 1):

"Prior to July 1, 2011, Junior Achievement USA(R) (the Organization) formally known as JA Worldwide contained activities of both domestic and international operations. However, effective July 1, 2011, JA Worldwide was restructured to bifurcate domestic activities from international activities. The international activities were transferred to JA Worldwide, Inc., a newly formed organization which is a separate legal/fiduciary organization. The amount transferred includes ... net assets of $2,660,241. Junior Achievement USA(R) was established as the Regional Operating Center for the United States and the Middle East. Future grants, gifts and contributions that will be focused either entirely or mostly in the United States will be processed and executed by the Organization. However, through a contractual agreement between JA Worldwide, Inc. and Junior Achievement USA(R), Junior Achievement USA(R) provides fund raising, accounting and administrative support to JA Worldwide, Inc."

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