Arizona Council On Economic Education
- Assets
- $1.4m
- Revenue
- $700.5k
- Investments
- $0.0
- Employees
- 5
- Location
- Phoenix, AZ
- Founding
- 06/1998
- Data as of
- 12/2022
- EIN
- 86-0896574
Organization Overview
Arizona Council On Economic Education is located in Phoenix, AZ. The organization was established in 1998. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2022, Arizona Council On Economic Education employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arizona 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 12/2022, Arizona Council On Economic Education generated $700.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $646.6k during the year ending 12/2022. While expenses have increased by 14.0% per year over the past 4 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
TOREACHANDTEACHEVERYARIZONASTUDENTTOBECOMEFINANCIALLYANDECONOMICALLYRESPONSIBLEINWORKANDLIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACEE HAS SIGNIFICANTLY INNOVATED AND MADE ALL OF OUR PROGRAMS MORE ACCESSIBLE AS A RESULT OF THE COVID19 PANDEMIC TO ADDRESS STUDENT LEARNING LOSSES AND STEPPED UP SUPPORT TO TEACHERS AND STUDENTS. THE ACEE SYSTEM, PARTNERSHIPS, AND SUPPORTERS BECAME STRENGTHENED AND MORE COMMITTED THROUGH THIS CHALLENGING TIME WITH OUR MISSION TO REACH AND TEACH ALL STUDENTS IN ARIZONA TO BECOME FINANCIALLY AND ECONOMICALLY LITERATE. OUR FINANCIALS CONTINUE TO BE STABLE THROUGHOUT THE PANDEMIC. IN 2022, ACEE PROVIDED PROFESSIONAL DEVELOPMENT TO 2,248 K12 TEACHERS, AND SERVED 337,200 SOCIOECONOMICALLY DIVERSE STUDENTS FROM 625 PUBLIC, CHARTER, TRIBAL, HOME, PRIVATE, AND JUVENILE DETENTION SCHOOLS STATEWIDE THROUGH 179 PROGRAMS WITH OUR PARTNERS. SEVENTY PERCENT OF THE STUDENTS WERE FROM LOW TO MODERATE INCOME FAMILIES LIVING IN 84 CITIES INCLUDING THE MOST REMOTE AND RURAL AREAS OF ALL 15 COUNTIES. ACEE WAS NATIONALLY RECOGNIZED AS THE COUNCIL OF THE YEAR, THE HIGHEST HONOR IN ECONOMIC EDUCATION, FOR ITS OUTSTANDING SERVICE AND INNOVATION. SEVEN HUNDRED AND NINETEEN CORPORATE AND COMMUNITY VOLUNTEERS STEPPED UP TO MAKE A DIFFERENCE AS JUDGES, CLASSROOM SPEAKERS, FINANCIAL FITNESS COACHES, TRAINERS, AND ADVISORS THROUGH 55 ACEE PROGRAM EVENTS IN 2022. ACEE TEACHER PROGRAMS CONTINUE TO BRING ECONOMICS TO EVERYDAY LIFE FOR TEACHERS TO USE WITH THEIR STUDENTS FROM APACHE AND MOHAVE TO COCHISE COUNTIES. OUR INNOVATIVE PROGRAMS SUCH AS THE ECONOMICS OF FOOD DELIVERY WERE FEATURED AT THE 61ST ANNUAL NATIONAL FINANCIAL LITERACY AND ECONOMICS CONFERENCE. WITH YOUR SUPPORT, ACEES STUDENT PROGRAMS INCLUDING FINANCIAL FITNESS IN ACTION, MAYORS CHALLENGE FOR ECONOMIC EDUCATION, ECONOMIC CONCEPTS POSTER CONTEST AND THE STOCK MARKET GAME REACHED A RECORD 84 PERCENT INCREASE FROM LAST YEAR. INNOVATIVE FINANCIAL AND ECONOMIC EDUCATION PROGRAMS TO SUPPORT ENTREPRENEURSHIP AND MATH LEARNING ARE GETTING THE ATTENTION OF TEACHERS AND BENEFITING THE STUDENTS. CONTINUED IN SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elena Zee President | OfficerTrustee | 60 | $111,543 |
Julie Jakubek Chairman | OfficerTrustee | 3 | $0 |
Kris Yamano Treasurer | OfficerTrustee | 1 | $0 |
Kris Anest Vice Chair | OfficerTrustee | 1 | $0 |
William C Davis Director | Trustee | 3 | $0 |
Maria Baier Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $116,938 |
| Related organizations | $24,500 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $537,559 |
| Noncash contributions included in lines 1a–1f | $1,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $678,997 |
| Total Program Service Revenue | $31,690 |
| Investment income | $2,574 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$12,737 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $700,524 |
| 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. | $130,040 |
| Compensation of current officers, directors, key employees. | $10,403 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $274,303 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,679 |
| Payroll taxes | $34,971 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,840 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $53,661 |
| Advertising and promotion | $9,890 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,954 |
| Travel | $25,511 |
| 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 | $1,383 |
| Insurance | $2,853 |
| All other expenses | $0 |
| Total functional expenses | $646,577 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $188,374 |
| Savings and temporary cash investments | $1,087,470 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,200 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,787 |
| Prepaid expenses and deferred charges | $26,780 |
| Net Land, buildings, and equipment | $3,646 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $68,312 |
| Total assets | $1,377,569 |
| Accounts payable and accrued expenses | $20,293 |
| 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 | $68,270 |
| Total liabilities | $88,563 |
| Net assets without donor restrictions | $1,201,506 |
| 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 | $1,377,569 |