Council For Economic Education
- Assets
- $5.6m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 42
- Location
- New York, NY
- Founding
- 01/1951
- Data as of
- 12/2022
- EIN
- 13-1623848
Organization Overview
Council For Economic Education is located in New York, NY. The organization was established in 1951. According to its NTEE Classification (V22) the organization is classified as: Economics, under the broad grouping of Social Science and related organizations. As of 12/2022, Council For Economic Education employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Council For Economic Education is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Council For Economic Education generated $6.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $7.1m during the year ending 12/2022. While expenses have increased by 4.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Council For Economic Education has awarded 127 individual grants totaling $2,290,435. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE COUNCIL FOR ECONOMIC EDUCATION (CEE) IS TO EQUIP K12 STUDENTS WITH THE TOOLS AND KNOWLEDGE OF PERSONAL FINANCE AND ECONOMICS SO THAT THEY CAN MAKE BETTER DECISIONS FOR THEMSELVES, THEIR FAMILIES, AND THEIR COMMUNITIES. WE CARRY OUT OUR MISSION IN THREE WAYS. WE ADVOCATE TO REQUIRE PERSONAL FINANCE AND ECONOMIC EDUCATION IN EVERY STATE. WE PROVIDE TRAINING, TOOLS AND RESOURCES ONLINE AND LIVE THROUGH OVER 180 AFFILIATES NATIONWIDE TO MORE THAN 40,000 TEACHERS ANNUALLY WHO IN TURN BRING THE HIGHEST QUALITY ECONOMICS AND PERSONAL FINANCE INSTRUCTION TO OVER 4 MILLION STUDENTS. WE DEEPEN KNOWLEDGE AND INTRODUCE HIGH SCHOOL STUDENTS TO CRITICAL CAREER CAPABILITIES THROUGH OUR NATIONAL PERSONAL FINANCE CHALLENGE, NATIONAL ECONOMICS CHALLENGE, AND INVEST IN GIRLS PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CEE'S CORE ACTIVITIES SUPPORT IMPROVING K-12 ECONOMIC AND FINANCIAL EDUCATION THROUGH DELIVERY OF TEACHER PROFESSIONAL DEVELOPMENT TRAININGS (TO MORE THAN 40,000 TEACHERS EACH YEAR) AND THE DEVELOPMENT OF ENGAGING, INTERACTIVE RESOURCES THAT ALIGN TO STATE AND NATIONAL STANDARDS.CEE'S CORE PROGRAMS INCLUDE THE FOLLOWING KINDS OF ACTIVITIES:- CONDUCT PROFESSIONAL DEVELOPMENT ONLINE AND OFFLINE- CREATE RESOURCES AND CURRICULUM- PRODUCE AND SUPPORT STANDARDS AND ASSESSMENT- ADVOCATE FOR PERSONAL FINANCE AND ECONOMIC EDUCATION- CONDUCT THE NATIONAL ECONOMICS CHALLENGE AND THE NATIONAL PERSONAL FINANCE CHALLENGE - CREATE AND PROVIDE TEACHER AWARDS
OTHER PROGRAM SERVICES INCLUDE MARKETING OUR RESOURCES AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES TO TEACHERS, AND PROVIDING OUR RESOURCES IN AN INCREASING NUMBER OF FORMATS, INCLUDING ONLINE, VIDEO AND WEBINARS IN ADDITION TO PRINT AND IN-PERSON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Annamaria Lusardi Board Members | Trustee | 1 | $0 |
Barry Haimes Chairman | OfficerTrustee | 1 | $0 |
Benjamin M Friedman Board Members | Trustee | 1 | $0 |
Chet Ragavan Board Members | Trustee | 1 | $0 |
Deidre Campbell Board Members | Trustee | 1 | $0 |
Dr Jennifer A Davidson Board Members | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Us Digital Partners Llc Consulting | 12/30/22 | $109,342 |
Succession Communications Llc - Eft-ach Consulting | 12/30/22 | $105,637 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $26,750 |
| Fundraising events | $513,500 |
| Related organizations | $0 |
| Government grants | $371,960 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,112,253 |
| Noncash contributions included in lines 1a–1f | $29,204 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,024,463 |
| Total Program Service Revenue | $305,345 |
| Investment income | $8,731 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,340 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,110 |
| Net Income from Fundraising Events | -$94,782 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $308,598 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,640,455 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $446,058 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $69,608 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $774,418 |
| Compensation of current officers, directors, key employees. | $80,167 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,268,556 |
| Pension plan accruals and contributions | $61,755 |
| Other employee benefits | $463,370 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,715 |
| Fees for services: Accounting | $57,538 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,485,219 |
| Advertising and promotion | $46,357 |
| Office expenses | $214,099 |
| Information technology | $21,142 |
| Royalties | $0 |
| Occupancy | $268,768 |
| Travel | $144,191 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,262 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $77,628 |
| Insurance | $17,073 |
| All other expenses | $83,920 |
| Total functional expenses | $7,138,448 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $505,863 |
| Savings and temporary cash investments | $911,236 |
| Pledges and grants receivable | $1,202,647 |
| Accounts receivable, net | $41,253 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $69,670 |
| Prepaid expenses and deferred charges | $241,445 |
| Net Land, buildings, and equipment | $57,710 |
| Investments—publicly traded securities | $1,674,728 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $934,695 |
| Other assets | $0 |
| Total assets | $5,639,247 |
| Accounts payable and accrued expenses | $369,886 |
| Grants payable | $0 |
| Deferred revenue | $10,299 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,016,084 |
| Total liabilities | $1,396,269 |
| Net assets without donor restrictions | $1,563,398 |
| Net assets with donor restrictions | $2,679,580 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,639,247 |
Grants Awarded
Over the last fiscal year, Council For Economic Education has awarded $439,850 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
ALABAMA COUNCIL ON ECON EDUC PURPOSE: EDUCATION - PROFESSIONAL DEVELOPMENT | $15,000 |
ARIZONA COUNCIL ON ECONOMIC EDUCATION PURPOSE: EDUCATION - PROFESSIONAL DEVELOPMENT | $24,800 |
CALIFORNIA COUNCIL ON ECONOMIC EDUCATION PURPOSE: EDUCATION - PROFESSIONAL DEVELOPMENT | $43,750 |
CENTER FOR ECONOMIC EDUCATION ECONOMICS DEPT UIC PURPOSE: EDUCATION - PROFESSIONAL DEVELOPMENT | $15,000 |
COLORADO COUNCIL ON ECON EDUC PURPOSE: EDUCATION - PROFESSIONAL DEVELOPMENT | $26,000 |
ECONOMICS WISCONSIN PURPOSE: EDUCATION - PROFESSIONAL DEVELOPMENT | $40,000 |