South Carolina Council On Economic Education
- Assets
- $503.6k
- Revenue
- $545.4k
- Investments
- $281.5k
- Employees
- 6
- Location
- Columbia, SC
- Founding
- 07/1976
- Data as of
- 06/2021
- EIN
- 57-0706566
Organization Overview
South Carolina Council On Economic Education is located in Columbia, SC. The organization was established in 1976. According to its NTEE Classification (V22) the organization is classified as: Economics, under the broad grouping of Social Science and related organizations. As of 06/2021, South Carolina Council On Economic Education employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Carolina 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, South Carolina Council On Economic Education generated $545.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $479.3k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE ECONOMIC LITERACY THROUGHOUT SC SCHOOLS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEACHER WORKSHOPS PROVIDE QUALITY PROFESSIONAL DEVELOPMENT TO TEACHERS IN ORDER TO IMPROVE THEIR CONTENT KNOWLEDGE IN ECONOMICS AND PERSONAL FINANCE. THIS ALSO IMPROVES TEACHER CONFIDENCE BY SHARING BEST PRACTICES, LESSON PLANS, AND RESOURCES FOR ENGAGING STUDENTS.
STATE-WIDE STOCK MARKET GAME AND OTHER COMPETITIONS PROVIDE AN EXCITING ACTIVITY-BASED LEARNING METHODOLOGY WHICH IS FUN AND RELEVANT FOR STUDENTS. PRIZES, TROPHIES, CERTIFICATES, AND RECOGNITION INVOLVES TEACHERS, STUDENTS AND PARENTS, AND REWARDS SUCCESS.
SEMINARS DRAW THE COMMUNITY OF TEACHERS AND EDUCATORS TOGETHER AT CONFERENCES, SEMINARS, AND CEREMONIES IN ORDER TO SHARE BEST PRACTICES AND VALUABLE RESOURCES. ECONOMICS IS A MULTIDISCIPLINARY SUBJECT WHICH INCLUDES ALL OTHER SUBJECTS AND ADDRESSES THE DECISION-MAKING SKILLS REQUIRED TO ALLOCATE PERSONAL, FAMILY, COMMUNITY AND GLOBAL RESOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Morris CEO | Officer | 40 | $70,000 |
Betty Best Secretary/treasurer | Officer | 1 | $0 |
Nikki Hutchison Chairwoman | Officer | 1 | $0 |
Chuck Garnett Trustee | Trustee | 1 | $0 |
Dan D'alberto ESQ Past Chairman | Trustee | 1 | $0 |
Alan Kahn Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $516,624 |
| Investment income | $21 |
| 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 | $545,395 |
| 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. | $70,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $153,095 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $33,587 |
| Payroll taxes | $17,471 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $649 |
| Insurance | $2,376 |
| All other expenses | $0 |
| Total functional expenses | $479,280 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $159,240 |
| Savings and temporary cash investments | $54,961 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,000 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $281,496 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $503,604 |
| Accounts payable and accrued expenses | $24,465 |
| Grants payable | $0 |
| Deferred revenue | $50,562 |
| 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 | $75,027 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $428,577 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that South Carolina Council On Economic Education has recieved totaling $10,505.
| Awarding Organization | Amount |
|---|---|
Council For Economic Education New York, NY PURPOSE: EDUCATION - PROFESSIONAL DEVELOPMENT | $10,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foundation For Economic Education Inc Atlanta, GA | $13,111,057 | $7,371,269 |
Imagine North Carolina First Raleigh, NC | $1,746,999 | $4,219,239 |
Georgia Council On Economic Education atlanta, GA | $6,404,945 | $1,048,495 |
North Carolina Council On Economic Education Raleigh, NC | $457,101 | $705,975 |
South Carolina Council On Economic Education Columbia, SC | $503,604 | $545,395 |
Independent Banks Of South Carolina Chapin, SC | $604,989 | $525,171 |
Atlantic Economic Society Atlanta, GA | $82,236 | $186,565 |
Accounting Research Association Inc Durham, NC | $101,953 | $0 |
Southern Agricultural Economics Association Griffin, GA | $327,503 | $0 |
Socionomics Foundation Inc Gainesville, GA | $30,103 | $5,385 |