Colorado Council On Economic Education
- Assets
- $1.2m
- Revenue
- $956.7k
- Investments
- $0.0
- Employees
- 7
- Location
- Denver, CO
- Founding
- 11/1973
- Data as of
- 06/2022
- EIN
- 84-0646077
Organization Overview
Colorado Council On Economic Education, operating under the name Economic Literacy Colorado, is located in Denver, CO. The organization was established in 1973. 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, Economic Literacy Colorado employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Economic Literacy Colorado 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, Economic Literacy Colorado generated $956.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $903.2k during the year ending 06/2022. While expenses have increased by 3.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
EMPOWERING COLORADO STUDENTS TO ACHIEVE A LIFETIME OF ECONOMIC UNDERSTANDING AND FINANCIAL FREEDOM
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR PRIMARY EXEMPT PURPOSE IS TO PROVIDE EDUCATION PROGRAMS AND SERVICES FOR COLORADO K-12 TEACHERS AND THE COMMUNITY TO ASSIST IN IMPROVING ECONOMIC EDUCATION AND PERSONAL FINANCIAL LITERACY FOR STUDENTS IN COLORADO K-12 SCHOOLS. WE ALSO MAKE AVAILABLE TO K-12 TEACHERS AND SCHOOL DISTRICTS A WIDE RANGE OF GRADE-APPROPRIATE ECONOMICS AND PERSONAL FINANCIAL LITERACY PFL CURRICULUM RESOURCES. DURING THIS FISCAL YEAR WE DELIVERED 43 ECONOMICS AND PFL TEACHER PROGRAMS. MORE THAN 1,163 TEACHERS AND STUDENT TEACHERS ATTENDED OUR PROFESSIONAL DEVELOPMENT PROGRAMS. WE ESTIMATE THAT THESE TEACHERS WILL REACH ABOUT 100,000 STUDENTS EACH YEAR OF THEIR TEACHING CAREER WITH AN IMPROVED ABILITY TO TEACH ECONOMICS AND PFL IN THEIR K-12 CLASSROOMS. THE TOTAL NUMBER OF INSTRUCTIONAL HOURS DELIVERED BY OUR CONTRACT PH.D. ECONOMICS PROFESSORS AND MENTOR TEACHERS WAS 7,703. 126 OUT OF THE 176 SCHOOL DISTRICTS IN COLORADO WERE SERVED.
WE ALSO PROVIDE A STOCK MARKET PORTFOLIO SIMULATION PROGRAM CALLED THE STOCK MARKET EXPERIENCE SME. THE SME PROGRAM IS PROVIDED TO TEACHERS OF COLORADO STUDENTS IN GRADES 3-12. IT IS A COMPREHENSIVE ENGAGING REAL-WORLD ONLINE INVESTMENT SIMULATION. STOCK MARKET SIMULATION PROGRAMS HAVE BEEN PROVEN TO IMPROVE STUDENT LEARNING IN PFL ECONOMICS MATH AND LANGUAGE ARTS. WE OPERATE SEVERAL SME SESSIONS EACH SCHOOL YEAR. THIS YEAR 305 TEACHERS MADE STOCK MARKET EXPERIENCE AVAILABLE TO MORE THAN 12,811 STUDENTS STATEWIDE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debbie Pierce President And CEO - Co Council On Econ Ed Dba Econ Literacy Co | OfficerTrustee | 40 | $135,500 |
Sloan Smith Chair Elect - Innovest Portfolio Solutions | OfficerTrustee | 2 | $0 |
Sandy Shoemaker Shoemaker Consulting | OfficerTrustee | 2 | $0 |
Lisa Cashman Secretary - Vectra Bank | OfficerTrustee | 2 | $0 |
Todd Vanosdoll Treasurer - Firstbank | OfficerTrustee | 2 | $0 |
David Ettenger Board Member - Bow River Capital | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $174,137 |
| All other contributions, gifts, grants, and similar amounts not included above | $762,573 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $936,710 |
| Total Program Service Revenue | $17,975 |
| Investment income | -$126,613 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $128,021 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $956,730 |
| 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. | $135,500 |
| Compensation of current officers, directors, key employees. | $47,425 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $346,774 |
| Pension plan accruals and contributions | $1,808 |
| Other employee benefits | $30,354 |
| Payroll taxes | $40,571 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,432 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,952 |
| Advertising and promotion | $3,257 |
| Office expenses | $38,724 |
| Information technology | $14,576 |
| Royalties | $0 |
| Occupancy | $33,276 |
| Travel | $1,631 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,296 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $808 |
| Insurance | $5,655 |
| All other expenses | $14,907 |
| Total functional expenses | $903,218 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,301 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $252,500 |
| 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 | $7,415 |
| Net Land, buildings, and equipment | $807 |
| Investments—publicly traded securities | $682,022 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $150,753 |
| Total assets | $1,209,798 |
| Accounts payable and accrued expenses | $14,328 |
| Grants payable | $0 |
| Deferred revenue | $160,197 |
| 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 | $174,525 |
| Net assets without donor restrictions | $745,082 |
| Net assets with donor restrictions | $290,191 |
| 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 | $1,209,798 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Colorado Council On Economic Education has recieved totaling $98,068.
| Awarding Organization | Amount |
|---|---|
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $41,310 |
Council For Economic Education New York, NY PURPOSE: EDUCATION - PROFESSIONAL DEVELOPMENT | $13,230 |
El Pomar Foundation Colorado Springs, CO PURPOSE: GENERAL OPERATING SUPPORT IN THE PIKES PEAK REGION | $10,000 |
Denver Foundation Denver, CO PURPOSE: GENERAL OPERATING SUPPORT | $8,014 |
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $8,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,914 |
Endowment Analysis
| Beg. Balance | $188,157 |
| Earnings | -$25,667 |
| Admin Expense | -$1,752 |
| Other Expense | -$9,985 |
| Ending Balance | $150,753 |
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 |
International Foundation For Research In Experimental Economiic Tucson, AZ | $0 | $15,455 |
Oklahoma Council On Economic Education Edmond, OK | $169,796 | $406,223 |
Thomas R Brown Foundation Tucson, AZ | $2,505,392 | $2,045,037 |
Nebraska Council On Economic Education Lincoln, NE | $974,373 | $277,480 |
Kansas Council On Economic Education Wichita, KS | $218,215 | $462,218 |
World Council Of Economic Policy Inc Norman, OK | $43,865 | $251,375 |
Society Of Economic Paleontologists & Mineralogists Inc Denver, CO | $54,579 | $0 |