Minnesota State Council On Economic Education is located in St Paul, MN. The organization was established in 1964. 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. Minnesota State 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 06/2021, Minnesota State Council On Economic Education generated $540.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $514.5k during the year ending 06/2021. 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
MCEE EQUIPS MINNESOTANS WITH THE ECONOMIC AND PERSONAL FINANCIAL UNDERSTANDING NEEDED TO SUCCEED IN TODAY'S COMPLEX ECONOMY. WE FULFILL OUR MISSION BY TEACHING TEACHERS THROUGH TOP QUALITY PROFESSIONAL DEVELOPMENT AND PROVIDING CURRICULUM MATERIALS; BY ENGAGING STUDENTS WITH CHALLENGING PROGRAMS IN ECONOMIC AND PERSONAL FINANCE EDUCATION; AND BY REACHING COMMUNITIES THROUGH OUR COMMUNITY MENTORSHIP FOR FINANCIAL CAPABILITY PROGRAM AND OTHER PUBLIC OUTREACH ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MCEE REACHES ITS GOALS BY TEACHING TEACHERS, ENGAGING STUDENTS, AND REACHING COMMUNITIES. IN FY 2021, MCEE PROVIDED 97 PROFESSIONAL DEVELOPMENT WORKSHOPS, WITH OVER 188 UNIQUE HOURS OF CONTENT, ALONG WITH CURRICULUM AND OTHER RESOURCES FOR MORE THAN 2,000 MINNESOTA TEACHERS GIVING THEM RESEARCH-BASED KNOWLEDGE, TEACHING TECHNIQUES, AND LESSONS TO ASSURE THE 40,000 STUDENTS THEY REACH GAIN STRONG ECONOMIC AND PERSONAL FINANCIAL KNOWLEDGE FOR SUCCESS THROUGH RELEVANT AND ENGAGING REAL-WORLD LEARNING.IN FY 2021, 1,540 STUDENTS PARTICIPATED IN MCEE DIRECT-TO-STUDENT PROGRAMS - VIRTUAL COMPETITIONS, CHALLENGES, AND INSTITUTES - MOVING THEIR ECONOMIC/PERSONAL FINANCE KNOWLEDGE AND CRITICAL THINKING SKILLS TO A HIGHER LEVEL. OVERALL, THE PROGRAMS ARE DESIGNED TO REACH STUDENTS FROM TRADITIONALLY UNDERSERVED COMMUNITIES, PROMOTE CULTURALLY RESPONSIVE TEACHING, AND SUPPORT EFFECTIVE VIRTUAL TEACHING. SINCE 2006, MCEE HAS ALSO WORKED WITH NEARLY 120 COMMUNITY ORGANIZATIONS SUPPORTING EFFECTIVE PERSONAL FINANCE EDUCATION FOR OVER 3,000 LOW-INCOME MINNESOTANS THROUGH THE COMMUNITY MENTORSHIP PROGRAM (ON HOLD DURING THE PANDEMIC).WHILE THERE ARE NO INCOME QUALIFICATIONS FOR MOST MCEE PROGRAMMING AND WE SERVE TEACHERS AND STUDENTS STATEWIDE, FOR THE PAST 15 YEARS MCEE HAS INCREASINGLY DELIVERED TARGETED PROGRAMS, OR DONE SPECIAL RECRUITMENT FOR EXISTING PROGRAMS, AIMED AT COMMUNITIES OF COLOR AND UNDERSERVED STUDENT AND ADULT POPULATIONS. AMONG THESE PROGRAMS ARE THE FOLLOWING:-COMMUNITY MENTORSHIP: BUILDING FINANCIAL LITERACY IN COMMUNITIES (SINCE 2005).-MATHEMATICS AND ECONOMICS (SINCE 2010), HISTORICALLY SERVING TWIN CITIES' AREA PUBLIC SCHOOLS BY TRAINING SCHOOL STAFF AND PROVIDING CURRICULUM. -COLLEGE DOLLARS & SENSE: PERSONAL FINANCE FOR LIFE AFTER HIGH SCHOOL (SINCE 2013, FOCUSING ON YOUTH FROM GROUPS UNDERREPRESENTED IN HIGHER EDUCATION. -FOSTERING FUTURE ENTREPRENEURS (SINCE 2017), IMMERSING TEACHERS IN DESIGN THINKING AND LEAN STARTUP METHODOLOGY CONCEPTS USING A HANDS-ON CURRICULUM TO PROMOTE ENTREPRENEURSHIP WITH THEIR STUDENTS. RESEARCH SHOWS THAT ENTREPRENEURSHIP IS AN ECONOMIC "LEVELER" FOR PEOPLE OF COLOR AND IMMIGRANTS.-THE URBAN ECONOMICS CHALLENGE (SINCE 2017), A REGIONAL COMPETITION THAT FOCUSES ON INCREASING DIVERSITY IN TWIN CITIES AND STATE STUDENT COMPETITIONS.-LEARNING TOGETHER, THRIVING TOGETHER (LTTT): PERSONAL FINANCE FOR DIVERSE STUDENT POPULATIONS (SINCE 2017), NOW REFERRED TO AS CULTURALLY RESPONSIVE PERSONAL FINANCE (CRPF), AIMS TO TRAIN MINNESOTA'S TEACHERS TO DELIVER CULTURALLY RESPONSIVE ECONOMICS AND PERSONAL FINANCIAL LITERACY EDUCATION.-THE CENTER FOR DIVERSITY IN ECONOMICS (MCDE; SINCE 2018), OUR NEWEST AFFILIATED CENTER, WITH A STATEWIDE FOCUS, EXISTS TO ENSURE THAT PEOPLE OF ALL BACKGROUNDS LEAD AND INFLUENCE ECONOMIC RESEARCH AND DECISION-MAKING. MCEE COLLABORATES WITH MCDE TO PROMOTE AND SUPPORT GENDER AND RACIAL DIVERSITY IN ECONOMICS AT EVERY STAGE OF THE EDUCATIONAL AND CAREER PIPELINE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Julie Bunn Executive Director | OfficerTrustee | 40 | $115,886 |
Steve Gathje Board Chair | OfficerTrustee | 2 | $0 |
Beth Johnson Board Treasurer | OfficerTrustee | 1 | $0 |
David Brandmire Director | Trustee | 1.5 | $0 |
Yan P Martinez Director | Trustee | 1 | $0 |
William Tjernlund Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $118,000 |
All other contributions, gifts, grants, and similar amounts not included above | $387,883 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $505,883 |
Total Program Service Revenue | $8,197 |
Investment income | $6,676 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $19,725 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $540,481 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $26,022 |
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. | $150,959 |
Compensation of current officers, directors, key employees. | $19,211 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $177,419 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $59,098 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $18,900 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $63,521 |
Advertising and promotion | $3,156 |
Office expenses | $3,985 |
Information technology | $1,080 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $6,918 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $514,525 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $97,817 |
Savings and temporary cash investments | $115,647 |
Pledges and grants receivable | $10,000 |
Accounts receivable, net | $775 |
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 | $1,000 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $816,072 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $38,737 |
Total assets | $1,080,048 |
Accounts payable and accrued expenses | $33,566 |
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 | $73,125 |
Total liabilities | $106,691 |
Net assets without donor restrictions | $792,202 |
Net assets with donor restrictions | $181,155 |
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 | $1,080,048 |
Over the last fiscal year, we have identified 1 grants that Minnesota State Council On Economic Education has recieved totaling $11,000.
Awarding Organization | Amount |
---|---|
Connexus Energy Foundation Ramsey, MN PURPOSE: DONATION | $11,000 |
Organization Name | Assets | Revenue |
---|---|---|
Divine Savior Healthcare Inc Portage, WI | $146,404,206 | $99,548,163 |
Jackson Park Hospital Foundation Chicago, IL | $132,629,667 | $107,987,360 |
Avera St Marys Pierre, SD | $117,040,382 | $106,933,224 |
St Margarets Health Spring Valley Spring Valley, IL | $107,727,640 | $91,881,221 |
Providence Health Alliance Inc St Louis, MO | $27,745,143 | $62,779,739 |
Alexian Brothers Ambulatory Group St Louis, MO | $321,335,814 | $68,677,417 |
Samaritas Detroit, MI | $92,322,257 | $101,009,415 |
Columbia College Columbia, MO | $267,475,036 | $84,570,180 |
Benefis Health System Inc Great Falls, MT | $1,511,234,520 | $121,846,801 |
University Of Dubuque Dubuque, IA | $403,203,443 | $110,402,473 |
Concordia University Chicago River Forest, IL | $86,542,696 | $102,736,797 |
Sauk Prairie Healthcare Inc Prairie Du Sac, WI | $167,630,839 | $104,363,502 |