Council For Economic Education
- Assets
- $5.6m
- Revenue
- $6.9m
- Investments
- $0.0
- Employees
- 29
- Location
- New York, NY
- Founding
- 01/1951
- Data as of
- 12/2021
- EIN
- 13-1623848
Organization Overview
Council For Economic Education is located in New York, NY. The organization was established in 1951. 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, Council For Economic Education employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Council For 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, Council For Economic Education generated $6.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $5.6m during the year ending 12/2021. While expenses have increased by 0.6% 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.
Since 2014, Council For Economic Education has awarded 112 individual grants totaling $1,850,585. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
CEE'S CORE ACTIVITIES SUPPORT IMPROVING K-12 ECONOMIC AND FINANCIAL EDUCATION THROUGH DELIVERY OF TEACHER PROFESSIONAL DEVELOPMENT TRAININGS (TO TENS OF THOUSANDS OF TEACHERS EACH YEAR) AND THE DEVELOPMENT OF ENGAGING, INTERACTIVE RESOURCES THAT ALIGN TO STATE AND NATIONAL STANDARDS.CEE'S CORE PROGRAMS INCLUDE THE FOLLOWING KINDS OF ACTIVITIES:- CONDUCT EDUCATOR PROFESSIONAL DEVELOPMENT, ONLINE AND OFFLINE - CREATE AND PROVIDE K-12 LESSONS, TOOLS AND CURRICULUM - CONDUCT INVEST IN GIRLS, A PROGRAM FOR FEMALE HIGH SCHOOL STUDENTS - CONDUCT THE NATIONAL ECONOMIC AND NATIONAL PERSONAL FINANCE CHALLENGES - PRODUCE AND SUPPORT STANDARDS AND ASSESSMENT - ADVOCATE FOR PERSONAL FINANCE AND ECONOMIC EDUCATION - BESTOW TEACHER AWARDS
OTHER PROGRAM SERVICES INCLUDE MARKETING OUR RESOURCES AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES TO TEACHERS, AND PROVIDING OUR RESOURCES IN AN INCREASING NUMBER OF FORMATS, INCLUDING ONLINE, VIDEO AND WEBINARS IN ADDITION TO PRINT AND IN-PERSON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nan J Morrison President & CEO | OfficerTrustee | 40 | $441,502 |
Christopher Caltabiano Chief Program Officer | 40 | $197,126 | |
Sally Wood Coo/cfo | Officer | 40 | $194,927 |
Mary B Martel Vice President Of Development | 40 | $174,376 | |
Elizabeth Kelder Executive Director- Iig | 40 | $148,997 | |
Andrea Mozo Senior Director Of Digital Products | 40 | $111,363 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Burchman Terrio Quist Llc Consulting | 12/30/21 | $158,578 |
Felicia Lipson Consulting | 12/30/21 | $145,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $29,250 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $358,320 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,791,380 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,178,950 |
| Total Program Service Revenue | $0 |
| Investment income | $6,731 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,971 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,620 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $320,012 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,851,531 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $412,270 |
| 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. | $708,826 |
| Compensation of current officers, directors, key employees. | $73,547 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,750,558 |
| Pension plan accruals and contributions | $62,169 |
| Other employee benefits | $324,771 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,055 |
| Fees for services: Accounting | $207,646 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,251,918 |
| Advertising and promotion | $14,330 |
| Office expenses | $76,829 |
| Information technology | $17,933 |
| Royalties | $0 |
| Occupancy | $280,322 |
| Travel | $13,800 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $80,281 |
| Insurance | $17,434 |
| All other expenses | $26,069 |
| Total functional expenses | $5,644,895 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,245,830 |
| Savings and temporary cash investments | $929,821 |
| Pledges and grants receivable | $919,077 |
| Accounts receivable, net | $84,019 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $98,771 |
| Prepaid expenses and deferred charges | $207,833 |
| Net Land, buildings, and equipment | $128,493 |
| Investments—publicly traded securities | $21,541 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,635,385 |
| Accounts payable and accrued expenses | $408,031 |
| Grants payable | $0 |
| Deferred revenue | $27,499 |
| 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 | $462,873 |
| Total liabilities | $898,403 |
| Net assets without donor restrictions | $1,579,837 |
| Net assets with donor restrictions | $3,157,145 |
| 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 | $5,635,385 |
Grants Awarded
Over the last fiscal year, Council For Economic Education has awarded $282,455 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Raleigh, NC PURPOSE: EDUCATION - PROFESSIONAL DEVELOPMENT | $94,200 |
Jackson, MS PURPOSE: EDUCATION - PROFESSIONAL DEVELOPMENT | $41,375 |
Phoenix, AZ PURPOSE: EDUCATION - PROFESSIONAL DEVELOPMENT | $28,800 |
Urbana, IL PURPOSE: EDUCATION - PROFESSIONAL DEVELOPMENT | $17,500 |
Edmond, OK PURPOSE: EDUCATION - PROFESSIONAL DEVELOPMENT | $15,000 |
St Paul, MN PURPOSE: EDUCATION - PROFESSIONAL DEVELOPMENT | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 31 grants that Council For Economic Education has recieved totaling $2,927,748.
| Awarding Organization | Amount |
|---|---|
Rockefeller Philanthropy Advisors Inc New York, NY PURPOSE: GENERAL | $1,000,000 |
Fidelity Foundation Boston, MA PURPOSE: TECHNOLOGY | $655,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $317,145 |
Alfred P Sloan Foundation New York, NY PURPOSE: TO PROMOTE ECONOMICS EDUCATION IN METROPOLITAN NEW YORK HIGH SCHOOLS BY RECOGNIZING INNOVATIVE TEACHERS, PROMOTING SUCCESSFUL PEDAGOGIES, AND MOTIVATING DIVERSE STUDENTS | $154,661 |
Peter G Peterson Foundation New York, NY PURPOSE: TO CREATE A HIGH SCHOOL CURRICULUM ON FISCAL AND ECONOMIC PRINCIPLES, INCLUDING LESSONS LEARNED FROM THE COVID-19 PANDEMIC. | $125,967 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $125,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Institute For Economic Research Inc Great Barrington, MA | $214,395,947 | $3,768,400 |
The Institute For New Economic Thinking Inc New York, NY | $26,645,757 | $24,831,883 |
Council For Economic Education New York, NY | $5,635,385 | $6,851,531 |
Secured Finance Network Inc New York, NY | $3,073,536 | $3,338,734 |
Sifma Foundation For Investor Education Fie Inc New York, NY | $10,781,139 | $4,561,649 |
Economic Club Of New York New York, NY | $9,916,092 | $3,506,192 |
Center For Economic Growth Albany, NY | $2,002,118 | $2,266,001 |
Applied Economics Clinic Arlington, MA | $422,527 | $1,026,764 |
Schumacher Center For A New Economics Great Barrington, MA | $912,234 | $672,691 |
Institute For Economics And Peace New York, NY | $187,362 | $427,518 |
Mainsail Network Inc New York, NY | $57,987 | $204,862 |
Cloud Institute For Sustainability Education Ancram, NY | $83,303 | $249,374 |