North Carolina Council On Economic Education
- Assets
- $457.1k
- Revenue
- $706.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Raleigh, NC
- Founding
- 06/1971
- Data as of
- 12/2021
- EIN
- 23-7115503
Organization Overview
North Carolina Council On Economic Education is located in Raleigh, NC. The organization was established in 1971. According to its NTEE Classification (V22) the organization is classified as: Economics, under the broad grouping of Social Science and related organizations. As of 12/2021, North Carolina Council On Economic Education employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Carolina Council On 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 12/2021, North Carolina Council On Economic Education generated $706.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $490.0k during the year ending 12/2021. While expenses have increased by 11.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE NCCEE PROVIDES ECONOMIC AND FINANCIAL EDUCATION FOR EDUCATORS AND STUDENTS THROUGHOUT NORTH CAROLINA. THIS MISSION IS ACCOMPLISHED THROUGH STANDARDS-BASED WORKSHOPS AND A VARIETY OF RESOURCES FOR EDUCATORS, ACADEMIC COMPETITIONS FOR STUDENTS, AND ADVOCACY FOR FINANCIAL EDUCATION AND TRAINING IN SCHOOL SYSTEMS THROUGHOUT THE STATE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NORTH CAROLINA COUNCIL ON ECONOMIC EDUCATION (NCCEE) HOSTED AND FUNDED VARIOUS ACADEMIC COMPETITIONS FOCUSING ON ECONOMICS, PERSONAL FINANCE, AND ENTREPRENEURSHIP FOR NORTH CAROLINA STUDENTS IN PRIMARY AND SECONDARY SCHOOLS.NCCEE ALSO PROVIDED RESOURCES AND SPONSORED ECONOMIC AND PERSONAL FINANCE STAFF DEVELOPMENT WORKSHOPS FOR PRIMARY AND SECONDARY SCHOOL TEACHERS THROUGHOUT THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Wheat Executive Dir. | Trustee | 50 | $89,046 |
Creighton Blackwell Chair | OfficerTrustee | 5 | $0 |
Lauren Whaley Vice Chair | OfficerTrustee | 5 | $0 |
Leslie Walden Secretary | OfficerTrustee | 5 | $0 |
Vivian Van Staveren Treasurer | OfficerTrustee | 5 | $0 |
Dr Lori Carlin Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $239,743 |
| All other contributions, gifts, grants, and similar amounts not included above | $463,520 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $703,263 |
| Total Program Service Revenue | $2,707 |
| Investment income | $5 |
| 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 | $705,975 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $89,046 |
| Compensation of current officers, directors, key employees. | $8,905 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $79,690 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,312 |
| Payroll taxes | $12,955 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,279 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,441 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,645 |
| 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 | $3,097 |
| Insurance | $3,114 |
| All other expenses | $8,574 |
| Total functional expenses | $490,040 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $183,874 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $208,942 |
| Accounts receivable, net | $18,932 |
| 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 | $4,012 |
| Net Land, buildings, and equipment | $677 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,164 |
| Other assets | $38,500 |
| Total assets | $457,101 |
| Accounts payable and accrued expenses | $10,573 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $36,293 |
| Total liabilities | $46,866 |
| Net assets without donor restrictions | $384,924 |
| Net assets with donor restrictions | $25,311 |
| 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 | $457,101 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that North Carolina Council On Economic Education has recieved totaling $139,955.
| Awarding Organization | Amount |
|---|---|
Council For Economic Education New York, NY PURPOSE: EDUCATION - PROFESSIONAL DEVELOPMENT | $94,200 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $25,500 |
Carolinas Credit Union Foundation Inc Columbia, SC PURPOSE: GENERAL SUPPORT | $20,000 |
Lpl Financial Foundation Inc Boston, MA PURPOSE: OPERATIONAL SUPPORT | $250 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mercatus Center Inc Arlington, VA | $43,899,623 | $50,106,510 |
Atlas Economic Research Foundation Arlington, VA | $16,820,562 | $19,446,645 |
Foundation For Economic Education Inc Atlanta, GA | $13,111,057 | $7,371,269 |
Imagine North Carolina First Raleigh, NC | $1,746,999 | $4,219,239 |
Virginia Council On Economic Education Richmond, VA | $1,591,140 | $909,613 |
Georgia Council On Economic Education atlanta, GA | $6,404,945 | $1,048,495 |
International Freedom Educational Foundation Mc Lean, VA | $100,274 | $526,748 |
North Carolina Council On Economic Education Raleigh, NC | $457,101 | $705,975 |
South Carolina Council On Economic Education Columbia, SC | $503,604 | $545,395 |
Independent Banks Of South Carolina Chapin, SC | $604,989 | $525,171 |
Project Invest Alexandria, VA | $643,258 | $522,186 |
Your Economic Success Harrisonburg, VA | $1,566,845 | $178,380 |