Mississippi Council On Economic Education
- Assets
- $1.2m
- Revenue
- $992.0k
- Investments
- $374.5k
- Employees
- 4
- Location
- Jackson, MS
- Founding
- 11/2002
- Data as of
- 06/2022
- EIN
- 82-0563444
Organization Overview
Mississippi Council On Economic Education is located in Jackson, MS. The organization was established in 2002. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Mississippi Council On Economic Education employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mississippi 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 06/2022, Mississippi Council On Economic Education generated $992.0k 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 $879.6k during the year ending 06/2022. While expenses have increased by 3.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE ECONOMIC LITERACY WITHIN THE STATE OF MISSISSIPPI AND TO PROVIDE QUALITY ECONOMIC EDUCATION PROGRAMS FOR PUBLIC AND PRIVATE SCHOOLS, TEACHERS AND STUDENTS IN MISSISSIPPI FORM KINDERGARTEN THROUGH GRADE TWELVE BY SYSTEMATICALLY PROMOTING AND UNDERSTANDING THE FREE MARKET ECONOMIC SYSTEM OF THE UNITED STATES IN A NONPARTISAN MANNER
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORIGINAL MASTER TEACHER OF ECONOMICS PROFESSIONAL DEVELOPMENT PROGRAM WAS PROVIDED IN PARTNERSHIP WITH THE MISSISSIIPPI SUPERINTENDENT OF EDUCATION TO ENABLE TEACHERS TO LEARN HOW TO EFFECTIVELY TEACH MICROECONOMICS AND MACROECONOMICS. 851 TEACHERS HAVE COMPLETED THE PROGRAM AND ARE PROVING THAT IT IS A TREMENDOUS INVESTMENT WITH A SIGNIFICANT RETURN TO THE HUMAN CAPITAL OF OUR STATE. OTHER MASTER TEACHER PROGRAMS FOR PERSONAL FINANCE, COLLEGE AND CAREER READINESS, AND ENTREPRENEURSHIP HAVE REACHED 756 TEACHERS. STUDENTS ARE REQUIRED TO TAKE ONE SEMESTER OF ECONOMICS AND ONE YEAR OF COLLEGE AND CAREER READINESS (PERSONAL FINANCE) IN ORDER TO GRADUATE FROM HIGH SCHOOL. TEACHERS WHO PARTICIPATED IN THESE PROGRAMS EARNED A CERTIFICATE FROM THE MS DEPARTMENT OF EDUCATION. ON AVERAGE, TEACHERS THAT COMPLETE A MASTER TEACHER PROGRAM SHOW AN INCREASE IN KNOWLEDGE AS MEASURED BY TESTING AND ASSIGNMENTS. OVER 20,000 TEACHERS HAVE BEEN TRAINED AND HAVE REACHED APPROXIMATELY 2,000,000 STUDENTS OVER THE YEARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Selena Swartzfager President | OfficerTrustee | 40 | $120,761 |
Allie Hudson Vice President | OfficerTrustee | 40 | $59,354 |
Jerome Brown Chair | OfficerTrustee | 1 | $0 |
Paula Mcnair Past-Chair | OfficerTrustee | 1 | $0 |
Brad Davis Chair-Elect | OfficerTrustee | 1 | $0 |
Greg Frascogna Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $978,313 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $978,313 |
| Total Program Service Revenue | $2,596 |
| Investment income | $10,716 |
| 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 | $991,963 |
| 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. | $180,116 |
| Compensation of current officers, directors, key employees. | $12,608 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $74,596 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $29,445 |
| Payroll taxes | $19,486 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,516 |
| 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 | $20,452 |
| Travel | $7,782 |
| 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 | $1,693 |
| Insurance | $4,105 |
| All other expenses | $98,708 |
| Total functional expenses | $879,648 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $241,092 |
| Savings and temporary cash investments | $434,762 |
| Pledges and grants receivable | $147,787 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $4,725 |
| Net Land, buildings, and equipment | $13,817 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $374,454 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,216,637 |
| Accounts payable and accrued expenses | $19,239 |
| 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 | $12,491 |
| Total liabilities | $31,730 |
| Net assets without donor restrictions | $1,043,322 |
| Net assets with donor restrictions | $141,585 |
| 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 | $1,216,637 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Mississippi Council On Economic Education has recieved totaling $86,407.
| Awarding Organization | Amount |
|---|---|
Council For Economic Education New York, NY PURPOSE: EDUCATION - PROFESSIONAL DEVELOPMENT | $41,375 |
Mgm Resorts Foundation Las Vegas, NV | | $25,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $20,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $32 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Little Scholars Of Arkansas Foundation Little Rock, AR | $55,916,312 | $35,033,452 |
National Institute For Excellence In Teaching Nashville, TN | $34,287,957 | $30,387,286 |
Louisiana Achievement Charter Academies Inc Baton Rouge, LA | $3,478,598 | $15,099,695 |
New Schools For New Orleans Inc New Orleans, LA | $13,416,454 | $13,527,972 |
University Of Mississippi Educational Building Corporation University, MS | $221,725,565 | $5,871,749 |
Jackson Foundation Inc Dickson, TN | $81,442,128 | $3,275,608 |
Influence 1 Memphis, TN | $6,214,331 | $4,262,960 |
E-Stem Public Charter Schools Inc Little Rock, AR | $15,935,823 | $3,314,304 |
Mississippi State University Research And Technology Corp Mississippi State, MS | $38,851,102 | $3,819,155 |
Usa Research And Technology Corporation Mobile, AL | $22,788,529 | $3,738,277 |
Auburn Research Park I Auburn, AL | $36,466,656 | $3,867,814 |
Tennessee School Boards Association Nashville, TN | $6,082,451 | $2,785,185 |