National Center On Education & The Economy
- Assets
- $72.8m
- Revenue
- $12.0m
- Investments
- $6.1m
- Employees
- 60
- Location
- Washington, DC
- Founding
- 05/1992
- Data as of
- 06/2021
- EIN
- 52-1539258
Organization Overview
National Center On Education & The Economy is located in Washington, DC. The organization was established in 1992. According to its NTEE Classification (W05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2022, National Center On Education & The Economy employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Center On Education & The Economy 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, National Center On Education & The Economy generated $12.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $13.4m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (7.5%) per year over the past 7 years. 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
PROVIDING TOOLS THE NATION NEEDS TO LEAD THE WORLD IN EDUCATION & TRAINING IN A GLOBAL ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROFESSIONAL LEARNING: THE PROFESSIONAL LEARNING PROGRAM OVERSEES NCEE'S CLIENT-FACING ENGAGEMENTS -- FROM THE INITIAL SALES STRATEGY TO THE LAUNCH AND SUPPORT OF WORK WITH PARTNERS, AND THE EVALUATION OF THE EFFECTIVENESS OF THAT WORK. THE PROGRAM PROVIDES A COHESIVE, ALIGNED SYSTEM OF SUPPORTS ACROSS ALL LEVELS OF U.S. EDUCATION BASED ON A SHARED RESEARCH FOUNDATION. MORE THAN THREE DECADES OF RESEARCH BY NCEE ON THE TOP-PERFORMING EDUCATION SYSTEMS IN THE WORLD HAS BEEN EMBEDDED INTO EACH OF THESE SUPPORTS. NCEE'S FLAGSHIP NISL PROGRAM, FORMERLY THE EXECUTIVE DEVELOPMENT PROGRAM FOR SCHOOL LEADERS, HAS SEVERAL STUDIES DEMONSTRATING ITS EFFECTIVENESS AT IMPROVING STUDENT ACHIEVEMENT. THOUSANDS OF SCHOOL LEADERS HAVE COMPLETED THE PROGRAM SINCE IT WAS LAUNCHED IN 2005. SEE SCHEDULE O FOR CONTINUATION.
RESEARCH AND DEVELOPMENT: THE RESEARCH AND DEVELOPMENT (R&D) PROGRAM AREA TRANSLATES NCEE'S RESEARCH ON HIGH-PERFORMING EDUCATIONAL SYSTEMS FROM THE POLICY ANALYSIS AND DEVELOPMENT PROGRAM TO LEADERSHIP DEVELOPMENT AND IMPLEMENTATION SUPPORT. THE R&D PROGRAM AREA BENCHMARKS NCEE'S LEADERSHIP OFFERINGS AGAINST TRENDS IN LEADERSHIP DEVELOPMENT ACROSS A WIDE RANGE OF SECTORS, INCLUDING CORPORATE UNIVERSITIES OF GLOBAL COMPANIES, LEADING BUSINESS SCHOOLS, AND THE GROWING NUMBER OF ENTREPRENEURIAL ONLINE PROGRAMS. THE PROGRAM ALSO RESEARCHES TRENDS IN LEADERSHIP, SYSTEMS DESIGN, ORGANIZATIONAL BEHAVIOR, AND CHANGE THEORY. SEE SCHEDULE O FOR CONTINUATION.
POLICY ANALYSIS AND DEVELOPMENT: THE POLICY ANALYSIS AND DEVELOPMENT (POLICY) PROGRAM BENCHMARKS TOP-PERFORMING EDUCATION SYSTEMS GLOBALLY TO DEEPLY UNDERSTAND HOW THEY DESIGNED AND BUILT THEIR SYSTEMS, HOW THEIR SYSTEMS ARE WORKING NOW IN DETAIL, WHAT CHALLENGES THEY FACE, AND WHAT THEIR REFORM AGENDAS ARE. THE POLICY PROGRAM IDENTIFIES THESE JURISDICTIONS BY THEIR PERFORMANCE ON THE OECD'S PISA ASSESSMENT AND LOOKS, NOT ONLY FOR EXCELLENT PERFORMANCE, BUT FOR THE EQUITY OF PERFORMANCE AND EFFICIENCY OF THE SYSTEM IN ACHIEVING IT. FROM THAT INFORMATION, NCEE DISTILLS COMMON PRINCIPLES, FEATURES AND REFORM DIRECTIONS OF THESE TOP-PERFORMING SYSTEMS AND PROVIDES EXAMPLES AND MODELS OF POLICIES IN PRACTICE. SEE SCHEDULE O FOR CONTINUATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joyce Elliott Board Co-Chair | Trustee | 1 | $0 |
Peggy Brookins Board Trustee | Trustee | 1 | $0 |
Robert L Joss Board Trustee | Trustee | 1 | $0 |
James W Pellegrino Board Trustee | Trustee | 1 | $0 |
Betsy Brown Ruzzi Board Trustee | Trustee | 1 | $0 |
Lewis H Spence Board Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Capital Group Pcs Investment Mgmt Fees | 6/29/22 | $216,400 |
Integro Product Development | 6/29/22 | $174,117 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,225,298 |
| Investment income | $578,572 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,688 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $180,791 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,008,332 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $30,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,231,735 |
| Compensation to disqualified persons | $232,818 |
| Other salaries and wages | $6,114,690 |
| Pension plan accruals and contributions | $415,207 |
| Other employee benefits | $1,001,630 |
| Payroll taxes | $549,863 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,743 |
| Fees for services: Accounting | $110,954 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $183,889 |
| Fees for services: Other | $1,261,788 |
| Advertising and promotion | $13,676 |
| Office expenses | $141,572 |
| Information technology | $106,056 |
| Royalties | $0 |
| Occupancy | $594,322 |
| Travel | $26,429 |
| 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 | $15,116 |
| Insurance | $76,018 |
| All other expenses | $0 |
| Total functional expenses | $13,375,678 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,504,013 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,713,095 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $45,718 |
| Prepaid expenses and deferred charges | $313,822 |
| Investments—publicly traded securities | $60,694,979 |
| Investments—other securities | $6,065,525 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $409,953 |
| Total assets | $72,771,895 |
| Accounts payable and accrued expenses | $570,141 |
| Grants payable | $292,500 |
| Deferred revenue | $1,261,405 |
| 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 | $1,503,360 |
| Other liabilities | $779,735 |
| Total liabilities | $4,407,141 |
| 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 | $68,364,754 |