Kansas Council On Economic Education
- Assets
- $218.2k
- Revenue
- $462.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Wichita, KS
- Founding
- 05/1963
- Data as of
- 06/2021
- EIN
- 48-6116794
Organization Overview
Kansas Council On Economic Education is located in Wichita, KS. The organization was established in 1963. According to its NTEE Classification (V22) the organization is classified as: Economics, under the broad grouping of Social Science and related organizations. This organization is the central organization for a national or regional group of organizations. Kansas 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 06/2021, Kansas Council On Economic Education generated $462.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $222.2k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kansas Council On Economic Education has awarded 22 individual grants totaling $156,177. 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
TO BUILD ECONOMIC AND FINANCIAL LITERACY AND EDUCATION IN KANSASTHE KANSAS COUNCIL ON ECONOMIC EDUCATION VISION IS THAT, THROUGH ECONOMIC AND FINANCIAL LITERACY, KANSAS' STUDENTS WILL BECOME MORE KNOWLEDGEABLE CONSUMERS; WISER SAVERS AND INVESTORS; BETTER EMPLOYEES; AND, MORE RESPONSIBLE CITIZENS WHO ARE CAPABLE OF MANAGING THEIR FINANCES, EVALUATING POLICY DECISIONS, AND HELPING TO AVOID FUTURE ECONOMIC CRISES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATOR RESOURCES - KCEE STRIVES TO REACH AS MANY STUDENTS AS POSSIBLE BY EQUIPPING THEIR TEACHERS TO TEACH PERSONAL FINANCE AND ECONOMICS. WE TRAIN TEACHERS THROUGH WORKSHOPS, WEBINARS, AND VIRTUAL CONFERENCES. IN ADDITION, WE PROVIDE TUITION ASSISTANCE TO ENABLE CERTIFIED KANSAS TEACHERS TO TAKE COURSES FOR GRADUATE CREDIT THROUGH OUR AFFILIATED UNIVERSITIES.
PROVIDE EDUCATIONAL RESOURCES - KCEE PROVIDES ALL OF THE STANDARDS-BASED CURRICULUM RESOURCES THAT ARE NEEDED TO TEACH ECONOMICS AND PERSONAL FINANCE. MANY LESSON PLANS ARE INCLUDED. KCEE HAS PREPARED AN ONLINE PERSONAL FINANCE COURSE THAT IS AVAILABLE TO ALL SCHOOLS IN KANSAS WITHOUT CHARGE. IT INCLUDES AN INTRODUCTION TO ECONOMICS AND INCORPORATES ALL OF THE APPROPRIATE RESOURCES THAT ARE AVAILABLE THROUGH KCEE. WE PROVIDE CURRICULUM RESOURCES TO ABOUT 1,000 TEACHERS.
ADVOCATE - WE ADVOCATE FOR DEDICTED COURSES IN PERSONAL FINANCE AND ECONOMICS AT THE HIGH SCHOOL LEVEL. SPECIFICALLY, WE BELIEVE THAT ALL STUDENTS SHOULD BE REQUIRED TO PASS AT LEAST ONE COURSE IN ECOMOMICS AND ONE COURSE IN PERSONAL FINANCE. IDEALLY, EACH COURSE WOULD BE AT LEAST ONE SEMESTER IN LENGTH. THROUGH THEIR TEACHERS, WE REACH ABOUT 100,000 STUDENTS EACH YEAR THROUGH CLASSROOM INSTRUCTION AND BY PROVIDING PROGRAMS AND COMPETITIONS THAT ENGAGE STUDENTS THROUGH EXPERIENTIAL LEARNING AND PRACTICAL APPLICATIONS OF KNOWLEDGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Graham President & CEO | Officer | 40 | $85,782 |
Jeff Copper Director | Trustee | 1 | $0 |
Betty Arnold Director | Trustee | 1 | $0 |
Rachel Douglass Director | Trustee | 1 | $0 |
Mark Douglass Director | Trustee | 1 | $0 |
Brian Docking Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $129,065 |
| All other contributions, gifts, grants, and similar amounts not included above | $332,024 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $461,089 |
| Total Program Service Revenue | $0 |
| Investment income | $104 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $462,218 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $22,300 |
| 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. | $108,019 |
| Compensation of current officers, directors, key employees. | $52,773 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,479 |
| Pension plan accruals and contributions | $11,988 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,018 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $688 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,395 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,369 |
| All other expenses | $3,785 |
| Total functional expenses | $222,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $216,379 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,836 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $218,215 |
| Accounts payable and accrued expenses | $45,383 |
| 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 | $351,404 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $396,787 |
| Net assets without donor restrictions | -$185,071 |
| Net assets with donor restrictions | $6,499 |
| 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 | $218,215 |
Grants Awarded
Over the last fiscal year, Kansas Council On Economic Education has awarded $21,050 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
EMPORIA STATE UNIVERSITY PURPOSE: TUITION | $15,000 |
WICHITA STATE UNIVERSITY PURPOSE: TUITION | $6,050 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kansas Council On Economic Education has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Berry Foundation Inc Wichita, KS PURPOSE: ANNUAL GIFT | $500 |
Endowment Analysis
| Beg. Balance | $357,733 |
| Earnings | $138,642 |
| Admin Expense | $4,064 |
| Other Expense | $50,000 |
| Ending Balance | $442,311 |
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 |
Oklahoma Council On Economic Education Edmond, OK | $169,796 | $406,223 |
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 |
Ronald Coase Institute St Louis, MO | $532,950 | $63,830 |
Society Of Economic Paleontologists & Mineralogists Inc Denver, CO | $54,579 | $0 |