Michigan Council On Economic Education
- Assets
- $58.7k
- Revenue
- $127.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Sterling Heights, MI
- Founding
- 05/1978
- Data as of
- 08/2021
- EIN
- 38-2183524
Organization Overview
Michigan Council On Economic Education is located in Sterling Heights, MI. The organization was established in 1978. According to its NTEE Classification (V22) the organization is classified as: Economics, under the broad grouping of Social Science and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michigan 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 08/2021, Michigan Council On Economic Education generated $127.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $146.2k during the year ending 08/2021. 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
TO PREPARE STUDENTS TO BECOME RESPONSIBLE, PRODUCTIVE PARTICIPANTS IN OUR COMPLEX ECONOMIC ENVIRONMENT BY PROMOTING STANDARDS, PRODUCING MATERIALS, TRAINING AND ASSESSING RESULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECONOMIC EDUCATION SUPPORT. SET STANDARDS, TRAIN TEACHERS, DEVELOP CURRICULUM, PRODUCE MATERIALS AND EVALUATE RESULTS OF ECONOMIC EDUCATION IN SCHOOL.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Derek D'angelo President | OfficerTrustee | $0 | |
Casey Mungall Treasurer | OfficerTrustee | $0 | |
Kirsten Wood Vice Chair | OfficerTrustee | $0 | |
Ann Bruttell Director | Trustee | $0 | |
Robert Burgess Director | Trustee | $0 | |
Jeanette Driver Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $127,229 |
| Investment income | $4 |
| 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 | $127,233 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $51,264 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,922 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,290 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,591 |
| Advertising and promotion | $0 |
| Office expenses | $44,761 |
| Information technology | $1,934 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,032 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,505 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7 |
| Insurance | $1,942 |
| All other expenses | $0 |
| Total functional expenses | $146,248 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,832 |
| Savings and temporary cash investments | $41,896 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $58,733 |
| Accounts payable and accrued expenses | $0 |
| 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 | $6,732 |
| Total liabilities | $6,732 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $52,001 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Michigan Council On Economic Education has recieved totaling $9,040.
| Awarding Organization | Amount |
|---|---|
Michigan Credit Union Foundation Plymouth, MI PURPOSE: FINANCIAL EDUCATION PROGRAMS & ACTIVITIES | $9,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $40 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Economics Center For Education And Research Cincinnati, OH | $6,139,514 | $2,342,935 |
Detroit Economic Club Detroit, MI | $3,415,666 | $1,470,575 |
Partnership For Economics Education And Research Ann Arbor, MI | $871,068 | $1,233,853 |
Tuscarawas County Economic Development Corporation Dover, OH | $139,805 | $382,540 |
Michigan Council On Economic Education Sterling Heights, MI | $58,733 | $127,233 |
Wisconsin Council On Economic Education Inc Milwaukee, WI | $292,276 | $263,380 |
Americas Turning Point Inc Crown Point, IN | $8,123 | $0 |
Mansfield-Richland Area Edu Fndtn Inc Mansfield, OH | $482,278 | $0 |
Association For University Business And Economic Research Auber Muncie, IN | $140,046 | $0 |
Consumer Culture Theory Consortium Inc Madison, WI | $144,668 | $0 |