Alabama Council On Economic Education Inc
- Assets
- $140.9k
- Revenue
- $152.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Birmingham, AL
- Founding
- 11/1969
- Data as of
- 09/2023
- EIN
- 23-7048024
Organization Overview
Alabama Council On Economic Education Inc is located in Birmingham, AL. The organization was established in 1969. According to its NTEE Classification (V22) the organization is classified as: Economics, under the broad grouping of Social Science and related organizations. As of 09/2023, Alabama Council On Economic Education Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alabama Council On Economic Education Inc 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 09/2023, Alabama Council On Economic Education Inc generated $152.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $222.8k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND IMPROVE ECONOMIC AND FINANCIAL EDUCATION FOR K-12 STUDENTS IN ALABAMA'S SCHOOLS BY PROVIDING COMPREHENSIVE PROFESSIONAL DEVELOPMENT PROGRAMS AND CURRICULUM RESOURCES FOR TEACHERS AND OFFERING MULTIPLE CLASSROOM PROGRAMS FOR STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO TRAIN TEACHERS IN ECONOMICS AND FINANCIAL LITERACY INSTRUCTION, ENABLING THEM TO PASS THIS KNOWLEDGE TO STUDENTS IN THE CLASSROOM. ACEE PROVIDES PROFESSIONAL DEVELOPMENT THROUGH ONLINE WEBINARS AND IN PERSON WORKSHOPS HELD THROUGHOUT THE STATE UTILIZING TESTED AND APPROVED CURRICULUM MATERIALS THAT COMPLY WITH THE ALABAMA STATE DEPARTMENT OF EDUCATION STANDARDS AND GRADUATION REQUIREMENTS. CURRICULUM MATERIALS AND/OR IN-PERSON WORKSHOPS ARE PROVIDED AT NO COST AND ACEE GIVES FUNDS DIRECTLY TO SCHOOLS FOR SUBSTITUTE TEACHER PAY SO THAT TEACHERS MAY ATTEND PROFESSIONAL DEVELOPMENT WORKSHOPS OR WEBINARS.
TO OFFER STUDENTS GRADES 6 TO 12 A VARIETY OF CLASSROOM PROGRAMS WHERE THE STUDENTS HAVE A CHANCE TO DEMONSTRATE THEIR KNOWLEDGE OF PERSONAL FINANCE/ECONOMICS IN A FUN AND CHALLENGING WAY. THESE PROGRAMS ENCOURAGE STUDENTS TO TAKE AN INTEREST IN THEIR FINANCIAL FUTURE. THESE PROGRAMS INCLUDE COMPETITIONS THAT ENCOURAGE THE STUDENTS TO MAKE REAL WORLD CONNECTIONS, AND OFFER OPPORTUNITIES FOR STUDENTS TO ADVANCE TO NATIONAL EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sam Adams Director | Trustee | 1 | $0 |
Sam Addy Director | Trustee | 1 | $0 |
Berdis A Blanding III Director | Trustee | 1 | $0 |
Joseph P Borg Director | Trustee | 1 | $0 |
Julie Brannon Director | Trustee | 1 | $0 |
J Randy Derieux Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $134,348 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $134,348 |
| Total Program Service Revenue | $18,110 |
| Investment income | $28 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $152,486 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $39,400 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $82,409 |
| Compensation of current officers, directors, key employees. | $65,927 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,900 |
| Fees for services: Accounting | $10,357 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,178 |
| Advertising and promotion | $0 |
| Office expenses | $13,958 |
| Information technology | $4,944 |
| Royalties | $0 |
| Occupancy | $3,737 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $378 |
| Insurance | $1,572 |
| All other expenses | $3,000 |
| Total functional expenses | $222,805 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,043 |
| Savings and temporary cash investments | $49,251 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,652 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $140,946 |
| Accounts payable and accrued expenses | $10,616 |
| Grants payable | $0 |
| Deferred revenue | $12,000 |
| 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 | $0 |
| Total liabilities | $22,616 |
| Net assets without donor restrictions | $118,330 |
| Net assets with donor restrictions | $0 |
| 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 | $140,946 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foundation For Economic Education Inc Atlanta, GA | $16,156,268 | $8,193,047 |
Ludwig Von Mises Institute For Austrian Economics Inc Auburn, AL | $50,537,947 | $11,477,273 |
Georgia Council On Economic Education atlanta, GA | $5,900,591 | $1,187,409 |
Florida Council On Economic Education Inc Tampa, FL | $747,172 | $828,172 |
Alabama Council On Economic Education Inc Birmingham, AL | $140,946 | $152,486 |
Atlantic Economic Society Atlanta, GA | $41,750 | $169,458 |
Leadership Legacy Life Foundation Roswell, GA | $3,865,025 | $1,598,709 |
Ifera Inc Oviedo, FL | $162,203 | $0 |
Southern Agricultural Economics Association Griffin, GA | $325,447 | $0 |
Economic Club Of Tampa Inc Tampa, FL | $54,791 | $0 |
Socionomics Foundation Inc Gainesville, GA | $24,488 | $5,150 |
Foundation For Wealth Building Inc Ormond Beach, FL | $485,376 | $12,938 |