Nebraska Council On Economic Education
- Assets
- $974.4k
- Revenue
- $277.5k
- Investments
- $0.0
- Employees
- 3
- Location
- Lincoln, NE
- Founding
- 06/1965
- Data as of
- 06/2022
- EIN
- 47-6036149
Organization Overview
Nebraska Council On Economic Education is located in Lincoln, NE. The organization was established in 1965. According to its NTEE Classification (V22) the organization is classified as: Economics, under the broad grouping of Social Science and related organizations. As of 06/2022, Nebraska 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. Nebraska 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 06/2022, Nebraska Council On Economic Education generated $277.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $267.7k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BE A CATALYST FOR AND LEAD A STATEWIDE INITIATIVE TO ADVANCE ECONOMIC AND FINANCIAL LITERACY, FOCUSING PRIMARILY ON CONTENT FOR K-12 CLASSROOMS AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR TEACHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEACHER PROFESSIONAL DEVELOPMENT WORKSHOPS AND CONFERENCES, ESPECIALLY THE 2021 PERSONAL FINANCE INSTITUTE HELD IN JULY 2021.
ECONOMICS AND FINANCE CHALLENGE ACADEMIC COMPETITIONS ONLINE ACADEMIC COMPETITIONS FOR STUDENTS IN BOTH MIDDLE SCHOOL AND HIGH SCHOOL. THE PROGRAM IS AVAILABLE NATIONWIDE.
STOCK MARKET GAME A REAL LIFE SIMULATION OF THE STOCK MARKET. STUDENTS IN GRADES 4-12 MANAGE A VIRTUAL $100,000 PORTFOLIO AND COMPETE FOR THE TITLE OF STATE CHAMPION BY EARNING THE HIGHEST PERFORMING PORTFOLIO OVER 13 WEEKS.
ALL OTHER PROGRAM EXPENSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Davidson President, Ncee | Officer | 40 | $69,978 |
Matt Blomstedt Vice-Chair, Executive Committee | Officer | 1 | $0 |
Richard Baier Treasurer, Executive Committee | Officer | 2 | $0 |
Gary Grote Chair, Executive Committee | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $208 |
| All other contributions, gifts, grants, and similar amounts not included above | $104,696 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $104,904 |
| Total Program Service Revenue | $157,867 |
| Investment income | $14,709 |
| 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 | $277,480 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,568 |
| Grants and other assistance to domestic individuals. | $11,450 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $69,977 |
| Compensation of current officers, directors, key employees. | $17,494 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $76,614 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,469 |
| Payroll taxes | $11,766 |
| Fees for services: Management | $3,492 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,484 |
| Office expenses | $3,226 |
| Information technology | $2,486 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $730 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $43,948 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $267,671 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $464,896 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $509,477 |
| Total assets | $974,373 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $974,373 |
| 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 | $974,373 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Nebraska Council On Economic Education has recieved totaling $23,000.
| Awarding Organization | Amount |
|---|---|
Calvin K Kazanjian Economics Foundation Inc Scottsdale, AZ PURPOSE: ASSIST IN EXPANSION AND UPDATE OF ETHICS AND ECONOMICS CURRICULUM. | $17,500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $2,500 |
Assurity Life Foundation Lincoln, NE PURPOSE: ADVANCE ECONOMIC LITERACY | $1,000 |
Abel Foundation Lincoln, NE PURPOSE: GENERAL OPERATING | $1,000 |
Creigh Family Foundation Lincoln, NE PURPOSE: GENERAL OPERATIONS | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Platte Institute For Economic Research Inc Omaha, NE | $405,534 | $1,085,482 |
Colorado Council On Economic Education Denver, CO | $1,209,798 | $956,730 |
Nebraska Council On Economic Education Lincoln, NE | $974,373 | $277,480 |
Kansas Council On Economic Education Wichita, KS | $218,215 | $462,218 |
Ronald Coase Institute St Louis, MO | $532,950 | $63,830 |
Society Of Economic Paleontologists & Mineralogists Inc Denver, CO | $54,579 | $0 |