Georgia Council On Economic Education
- Assets
- $6.4m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 4
- Location
- atlanta, GA
- Founding
- 12/1972
- Data as of
- 12/2021
- EIN
- 58-1137332
Organization Overview
Georgia Council On Economic Education is located in atlanta, GA. The organization was established in 1972. 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, Georgia Council On Economic Education employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Georgia 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, Georgia Council On Economic Education generated $1.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $801.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.0%) 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
THE MISSION OF THE GEORGIA COUNCIL ON ECONOMIC EDUCATION IS TO HELP K-12 TEACHERS TEACH ECONOMICS AND PERSONAL FINANCE IN THE PUBLIC AND INDEPENDENT SCHOOLS OF GEORGIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORKSHOPS: THE COUNCIL SUPPORTS TWELVE CENTERS FOR ECONOMIC EDUCATION ON COLLEGE AND UNIVERSITY CAMPUSES IN GEORGIA. IT CONDUCTS WORKSHOPS TO ASSIST TEACHERS WITH ECONOMIC CONCEPTS AND TEACHING METHODS.
SPECIAL PROGRAMS: THE COUNCIL CONDUCTS PROGRAMS INCLUDING THE CREATION AND IMPLEMENTATION OF MATERIALS UTILIZING ALL TYPES OF MEDIA METHODS TO TEACH ECONOMICS AND PERSONAL FINANCE IN THE CLASSROOM. THEY ALSO SPONSOR ACTIVITIES SUCH AS THE STOCK MARKET GAME, THE ECONOMICS CHALLENGE, THE PERSONAL FINANCE CHALLANGE, THE ECON GAMES, MINI-SOCIETY AND MANUFACTURING STUDY TOURS.
MATERIALS DEVELOPMENT AND DISTRIBUTION: THE COUNCIL PREPARES, PURCHASES AND DISTRIBUTES RESOURCE MATERIALS ON ECONOMICS TO BENEFIT STUDENTS AND TEACHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Raymer Executive Director | OfficerTrustee | 50 | $165,153 |
Michael Chriszt Chair | Trustee | 1 | $0 |
Christophe Cadiou Secretary-Treasurer | Trustee | 1 | $0 |
Vince Baria Trustee | Trustee | 1 | $0 |
Eddie Bennett Trustee | Trustee | 1 | $0 |
Tracy Bradshaw Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $865,061 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $865,061 |
| Total Program Service Revenue | $56,601 |
| Investment income | $126,833 |
| 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 | $1,048,495 |
| 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. | $193,726 |
| Compensation of current officers, directors, key employees. | $48,432 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $194,674 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $25,560 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $90 |
| Fees for services: Accounting | $13,737 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $2,755 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,594 |
| Office expenses | $5,749 |
| Information technology | $33,055 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $373 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,618 |
| Interest | $0 |
| Payments to affiliates | $2,000 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,325 |
| All other expenses | $5,122 |
| Total functional expenses | $801,614 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,904,641 |
| 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 | $4,500,304 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,404,945 |
| 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 | $4,681,531 |
| Net assets with donor restrictions | $1,723,414 |
| 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 | $6,404,945 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Georgia Council On Economic Education has recieved totaling $466,984.
| Awarding Organization | Amount |
|---|---|
Robert W Woodruff Foundation Inc Atlanta, GA PURPOSE: SUPPORT OF PROGRAMS TO STRENGTHEN K-12 ECONOMICS EDUCATION IN GEORGIA. | $200,000 |
The Community Foundation For Greater Atlanta Inc Atlanta, GA PURPOSE: SOCIAL SCIENCE | $115,186 |
Truist Foundation Inc Orlando, FL PURPOSE: GENERAL OPERATING | $60,000 |
Georgia Power Foundation Inc In Receivership Atlanta, GA PURPOSE: IMPLEMENTING THE GEORGIA STANDARDS OF EXCELLENCE IN ECONOMICS AND PERSONAL FINANCE | $50,000 |
Primerica Foundation Inc Duluth, GA PURPOSE: TRAINING FOR ECONOMIC EDUCATION TEACHERS | $20,000 |
Nordson Corporation Foundation Westlake, OH PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Endowment Analysis
| Beg. Balance | $3,907,676 |
| Earnings | $592,628 |
| Ending Balance | $4,500,304 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foundation For Economic Education Inc Atlanta, GA | $13,111,057 | $7,371,269 |
Ludwig Von Mises Institute For Austrian Economics Inc Auburn, AL | $45,587,383 | $8,440,639 |
Imagine North Carolina First Raleigh, NC | $1,746,999 | $4,219,239 |
Georgia Council On Economic Education atlanta, GA | $6,404,945 | $1,048,495 |
Florida Council On Economic Education Inc Tampa, FL | $802,439 | $754,663 |
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 |
Atlantic Economic Society Atlanta, GA | $82,236 | $186,565 |
Alabama Council On Economic Education Inc Birmingham, AL | $154,124 | $0 |
Accounting Research Association Inc Durham, NC | $101,953 | $0 |
Economic Club Of Tampa Inc Tampa, FL | $44,771 | $0 |