Florida Council On Economic Education Inc
- Assets
- $802.4k
- Revenue
- $754.7k
- Investments
- $320.9k
- Employees
- 6
- Location
- Tampa, FL
- Founding
- 05/1978
- Data as of
- 06/2022
- EIN
- 59-1643458
Organization Overview
Florida Council On Economic Education Inc is located in Tampa, FL. 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. As of 06/2022, Florida Council On Economic Education Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida Council On Economic Education Inc 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, Florida Council On Economic Education Inc generated $754.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $589.0k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Florida Council On Economic Education Inc has awarded 29 individual grants totaling $475,764. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOP AND ENHANCE ECONOMIC EDUCATION IN FLORIDA
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FLORIDA COUNCIL ON ECONOMIC EDUCATION, INC. (THE "COUNCIL") PROVIDES ON-GOING ASSISTANCE TO SCHOOL DISTRICTS STATEWIDE IN DEVELOPING STANDARDS AND INTEGRATING FREE ENTERPRISE, ENTREPRENEURSHIP, BUSINESS AND ECONOMIC EDUCATION AND PERSONAL FINANCIAL LITERACY INTO DISTRICT PROGRAMMING, AS WELL AS ON-GOING PROFESSIONAL DEVELOPMENT PROGRAMS FOR TEACHERS GEOGRAPHICALLY REMOTE FROM CENTERS FOR ECONOMIC EDUCATION; DEVELOP AND DISTRIBUTE CURRICULUM MATERIALS; PROVIDE APPLIED LEARNING OPPORTUNITIES THROUGH STUDENT CHALLENGES IN ECONOMICS AND PERSONAL FINANCE.
THE FLORIDA STOCK MARKET CHALLENGE IS AN EXCITING WAY TO ENGAGE ELEMENTARY, MIDDLE, OR HIGH SCHOOL STUDENTS WHILE PRESENTING LESSONS ACROSS THE CURRICULUM OF ECONOMICS, SOCIAL STUDIES, MATH, READING COMPREHENSION, CTE AND PERSONAL FINANCE. ESTABLISHED MORE THAN 25 YEARS AGO, THE FLORIDA STOCK MARKET CHALLENGE GIVES K-12 STUDENTS THE OPPORTUNITY TO PARTICIPATE IN AN ONLINE INVESTMENT SIMULATION AND MANAGE A HYPOTHETICAL $100,000 INVESTMENT PORTFOLIO. TEAMS THROUGHOUT THE STATE COMPETE AGAINST STUDENTS AT THEIR SAME GRADE LEVEL FOR THE BEST PORTFOLIO PERFORMANCE OVER A 10-WEEK PERIOD AND ARE AWARDED PRIZES AT THE END OF BOTH THE FALL AND SPRING SEMESTERS.
FINANCIAL FREEDOM IS A COMPREHENSIVE CURRICULUM IN PERSONAL FINANCE DEVELOPED BY THE COUNCIL AND DISTRIBUTED TO 60,000 STUDENTS EACH YEAR, WITHOUT COST TO TEACHERS OR SCHOOL DISTRICTS. FINANCIAL FREEDOM STRENGTHENS MIDDLE AND HIGH SCHOOL STUDENTS' FINANCIAL LITERACY KNOWLEDGE BY INTRODUCING THE CRITICAL CONCEPTS OF EARNING INCOME, BUYING GOODS AND SERVICES, SAVING, USING CREDIT, FINANCIAL INVESTING AND PROTECTING AND INSURING. FINANCIAL FREEDOM CAN BE USED AS A STAND-ALONE TEXT IN A FINANCIAL LITERACY CLASS, OR AS A SUPPLEMENT TO ANY FINANCIAL COURSE OR TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne Costanza Executive Director | Officer | 40 | $95,625 |
William Thomas Chairman & Finance Committee Chair | OfficerTrustee | 1 | $0 |
Linda Hall Treasurer & Audit Committee Chair | OfficerTrustee | 1 | $0 |
Nathaniel Doliner Immediate Past Chair & Secretary | OfficerTrustee | 1 | $0 |
Paul Cutler Director | Trustee | 1 | $0 |
Sally Forsyth Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $223,692 |
| Related organizations | $0 |
| Government grants | $40,882 |
| All other contributions, gifts, grants, and similar amounts not included above | $202,532 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $467,106 |
| Total Program Service Revenue | $0 |
| Investment income | $5,361 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,754 |
| Net Income from Fundraising Events | $273,442 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $754,663 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $53,334 |
| 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. | $95,626 |
| Compensation of current officers, directors, key employees. | $9,563 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $116,673 |
| Pension plan accruals and contributions | $10,819 |
| Other employee benefits | $17,805 |
| Payroll taxes | $15,786 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $39,151 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,860 |
| Advertising and promotion | $1,277 |
| Office expenses | $31,834 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,600 |
| Travel | $1,480 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $805 |
| Interest | $4,253 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $636 |
| Insurance | $3,413 |
| All other expenses | $4,400 |
| Total functional expenses | $589,027 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $447,549 |
| Pledges and grants receivable | $22,256 |
| 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 | $7,809 |
| Net Land, buildings, and equipment | $1,642 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $320,883 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,300 |
| Total assets | $802,439 |
| Accounts payable and accrued expenses | $44,262 |
| 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 | $150,000 |
| Other liabilities | $0 |
| Total liabilities | $194,262 |
| Net assets without donor restrictions | $375,018 |
| Net assets with donor restrictions | $233,159 |
| 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 | $802,439 |
Grants Awarded
Over the last fiscal year, Florida Council On Economic Education Inc has awarded $53,334 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Jacksonville, FL PURPOSE: EDUCATION | $20,000 |
USF STAVROS CENTER PURPOSE: EDUCATION | $20,000 |
MIAMI DADE COLLEGE PURPOSE: EDUCATION | $13,334 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Florida Council On Economic Education Inc has recieved totaling $88,436.
| Awarding Organization | Amount |
|---|---|
State Chartered Credit Unions In Florida Jacksonville, FL PURPOSE: PROGRAM SUPPORT | $20,000 |
Ashley Charitable Foundation Ltd Arcadia, WI PURPOSE: GENERAL SUPPORT | $15,000 |
Council For Economic Education New York, NY PURPOSE: EDUCATION - PROFESSIONAL DEVELOPMENT | $11,100 |
Pga Tour Inc Ponte Vedra Beach, FL PURPOSE: GENERAL SUPPORT | $10,000 |
Vinik Family Foundation Tampa, FL PURPOSE: GENERAL SUPPORT | $10,000 |
Bob Barker Company Foundation Inc Fuquayvarina, NC PURPOSE: GENERAL OPERATING | $5,000 |
Endowment Analysis
| Beg. Balance | $74,485 |
| Earnings | -$9,614 |
| Ending Balance | $64,871 |
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 |
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 |
Atlantic Economic Society Atlanta, GA | $82,236 | $186,565 |
Alabama Council On Economic Education Inc Birmingham, AL | $154,124 | $0 |
Economic Club Of Tampa Inc Tampa, FL | $44,771 | $0 |
Ifera Inc Oviedo, FL | $114,192 | $0 |
Foundation For Wealth Building Inc Ormond Beach, FL | $485,559 | $44,628 |
Southern Agricultural Economics Association Griffin, GA | $327,503 | $0 |
Socionomics Foundation Inc Gainesville, GA | $30,103 | $5,385 |