Pennsylvania Council On Economic Education
- Assets
- $455.5k
- Revenue
- $730.0k
- Investments
- $0.0
- Employees
- 15
- Location
- Selinsgrove, PA
- Founding
- 07/1978
- Data as of
- 06/2015
- EIN
- 23-2063626
Organization Overview
Pennsylvania Council On Economic Education is located in Selinsgrove, PA. The organization was established in 1978. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2015, Pennsylvania Council On Economic Education employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pennsylvania 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2015
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND ENCOURAGE UNDERSTANDING OF ECONOMIC AND FINANCIAL LITERACY CONCEPTS THROUGH EDUCATION IN THE K - 12 CLASSROOM
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROGRAM SERVICE ACTIVITY OF THE COUNCIL IS TO PROMOTE ECONOMIC EDUCATION IN THE COMMONWEALTH OF PENNSYLVANIA BY ENLISTING THE SUPPORT SERVICES OF COLLEGES, BUSINESS, INDUSTRY, INDIVIDUALS AND INTERMEDIARY UNITS.
THE STOCK MARKET GAME IS A TEN WEEK SIMULATION THAT OFFERS PLAYERS A CHANCE TO INVEST A HYPOTHETICAL $100,000 IN THE STOCK MARKET. THE STOCK MARKET GAME EDUCATES STUDENTS IN THE COMMONWELATH OF PENNSYLVANIA ABOUT THE ECONOMIC SYSTEM, SHARPENS DECISION-MAKING SKILLS, AND ENCOURAGES INTEREST IN FINANCIAL MANAGEMENT SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fritz Heinemann President & CEO | Officer | 35 | $147,000 |
G Ryan Felty CFO | Officer | 35 | $32,813 |
Herbert Taylor Secretary | OfficerTrustee | 1 | $0 |
Mike Wagner Treasurer | OfficerTrustee | 1 | $0 |
Roger Haddon Vice Chairman | OfficerTrustee | 1 | $0 |
Justin L Bruce Sr Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $592,115 |
| Investment income | $24 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $92,609 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $730,032 |
| Statement of Expenses | |
|---|---|
| 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. | $215,244 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $308,944 |
| Pension plan accruals and contributions | $9,952 |
| Other employee benefits | $13,694 |
| Payroll taxes | $48,510 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,834 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,675 |
| Advertising and promotion | $24,729 |
| Office expenses | $5,931 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,984 |
| Travel | $35,417 |
| 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 | $8,478 |
| Insurance | $10,160 |
| All other expenses | $0 |
| Total functional expenses | $950,883 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,253 |
| Savings and temporary cash investments | $57,121 |
| 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 | $23,993 |
| Prepaid expenses and deferred charges | $3,941 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $10,000 |
| Other assets | $296,242 |
| Total assets | $455,535 |
| Accounts payable and accrued expenses | $353,028 |
| 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 | $32,542 |
| Unsecured mortgages and notes payable | $95,042 |
| Other liabilities | $307,777 |
| Total liabilities | $788,389 |
| Net assets without donor restrictions | -$381,847 |
| Net assets with donor restrictions | $48,993 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | -$332,854 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Pennsylvania Council On Economic Education has recieved totaling $11,600.
| Awarding Organization | Amount |
|---|---|
Community Giving Foundation Berwick, PA PURPOSE: AGENCY ENDOWMENT PAYOUT 2017 | $11,600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Marshall University Research Corporation Huntington, WV | $66,297,155 | $55,595,334 |
Pidc-Developement Management Corporation Philadelphia, PA | $0 | $30,722,052 |
Calvert Impact Capital Inc Bethesda, MD | $679,643,317 | $23,234,500 |
Delaware River Waterfront Corporation Philadelphia, PA | $26,551,411 | $24,883,136 |
T R W I B Inc Pittsburgh, PA | $14,392,055 | $22,959,509 |
Wright Brothers Institute Inc Dayton, OH | $23,307,656 | $22,085,089 |
Pidc Financing Corp Philadelphia, PA | $6,556,052 | $18,403,713 |
Insitech Inc Warren, NJ | $450,270 | $14,466,949 |
The Convention And Visitors Bureau Of Greater Cleveland Inc Cleveland, OH | $25,296,918 | $17,425,666 |
Ridc Regional Growth Fund Pittsburgh, PA | $36,670,171 | $9,947,122 |
Columbus Downtown Development Corporation Columbus, OH | $118,710,723 | $12,117,471 |
Delaware County Economic Development Oversight Board Media, PA | $2,255,958 | $10,697,300 |