COUNCIL FOR ECONOMIC EDUCATION

EIN: 131623848 501(c)(3) Social Science

NEW YORK, NY

Total Revenue
$5,982,953
Total Expenses
$8,070,379
Total Assets
$3,258,556
Net Assets
$2,151,558
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1949
Legal Domicile
DC
Principal Officer
NAN J MORRISON
Phone
2128273600
Tax Period
2023-01-01 to 2023-12-31

COUNCIL FOR ECONOMIC EDUCATION, founded in 1949, is a community nonprofit in the Social Science sector that reported $6.0M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $8.1M exceeded revenue, resulting in a 35% operating deficit.

Mission

THE MISSION OF THE COUNCIL FOR ECONOMIC EDUCATION (CEE) IS TO EQUIP K12 STUDENTS WITH THE TOOLS AND KNOWLEDGE OF PERSONAL FINANCE AND ECONOMICS SO THAT THEY CAN MAKE BETTER DECISIONS FOR THEMSELVES, THEIR FAMILIES, AND THEIR COMMUNITIES. WE CARRY OUT OUR MISSION IN THREE WAYS. WE ADVOCATE TO REQUIRE PERSONAL FINANCE AND ECONOMIC EDUCATION IN EVERY STATE. WE PROVIDE TRAINING, TOOLS AND RESOURCES ONLINE AND LIVE THROUGH OVER 180 AFFILIATES NATIONWIDE TO MORE THAN 40,000 TEACHERS ANNUALLY WHO IN TURN BRING THE HIGHEST QUALITY ECONOMICS AND PERSONAL FINANCE INSTRUCTION TO OVER 4 MILLION STUDENTS. WE DEEPEN KNOWLEDGE AND INTRODUCE HIGH SCHOOL STUDENTS TO CRITICAL CAREER CAPABILITIES THROUGH OUR NATIONAL PERSONAL FINANCE CHALLENGE, NATIONAL ECONOMICS CHALLENGE, AND INVEST IN GIRLS PROGRAM.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,081,838
Program Service Revenue $460,705
Investment Income $72,333
Other Revenue $368,077
TOTAL REVENUE $5,982,953

Expense Breakdown

Grants Paid $362,809
Salaries & Benefits $3,959,904
Fundraising Expenses $1,135,543
Program Expenses $6,162,938
Other Expenses $3,747,666
TOTAL EXPENSES $8,070,379

Year-over-Year Comparison

2023 2022 Change
Revenue $5,982,953 $6,640,455 -0.1%
Expenses $8,070,379 $7,138,448 +0.1%
Net Income $-2,087,426 $-497,993 +3.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
31
Independent Members
30
Employees
50
Volunteers
556

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$762,553
Total Directors
31
$520,660
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NAN J MORRISON PRESIDENT & CEO 40.00
Officer Director
$487,413 $33,247 $520,660
LORETTA J MESTER DIRECTOR 1.00
Director
$0 $0 $0
JENNY JACOBS DIRECTOR 1.00
Director
$0 $0 $0
JENNY VAN LEEUWEN HARRINGTON DIRECTOR 1.00
Director
$0 $0 $0
WILLARD HILL JR SECRETARY 1.00
Officer Director
$0 $0 $0
KIM M SHARAN DIRECTOR 1.00
Director
$0 $0 $0
LISA H BANKER DIRECTOR 1.00
Director
$0 $0 $0
TONIA L KAMINSKY DIRECTOR 1.00
Director
$0 $0 $0
MATT CONROY DIRECTOR 1.00
Director
$0 $0 $0
MAX RAKHLIN DIRECTOR 1.00
Director
$0 $0 $0
JANE ABITANTA DIRECTOR 1.00
Director
$0 $0 $0
O KATE SCOTT DIRECTOR 1.00
Director
$0 $0 $0
PETER CHAFFETZ DIRECTOR 1.00
Director
$0 $0 $0
PETER NURNBERG DIRECTOR 1.00
Director
$0 $0 $0
JEFFREY M LACKER DIRECTOR 1.00
Director
$0 $0 $0
GRAHAM TANAKA DIRECTOR 1.00
Director
$0 $0 $0
JAMES FEBEO DIRECTOR 1.00
Director
$0 $0 $0
HOLLY HESS GROOS TREASURER 1.00
Officer Director
$0 $0 $0
HEATHER LAVALLEE DIRECTOR 1.00
Director
$0 $0 $0
GARY STERN DIRECTOR 1.00
Director
$0 $0 $0
EMILY KOLINSKI MORRIS DIRECTOR 1.00
Director
$0 $0 $0
DR JENNIFER A DAVIDSON DIRECTOR 1.00
Director
$0 $0 $0
DEIDRE CAMPBELL DIRECTOR 1.00
Director
$0 $0 $0
WILLIAM C DUDLEY DIRECTOR 1.00
Director
$0 $0 $0
CHET RAGAVAN DIRECTOR 1.00
Director
$0 $0 $0
BENJAMIN M FRIEDMAN DIRECTOR 1.00
Director
$0 $0 $0
BARRY HAIMES CHAIRMAN 1.00
Officer Director
$0 $0 $0
ANNAMARIA LUSARDI DIRECTOR 1.00
Director
$0 $0 $0
REBECCA PATTERSON VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
SHANE SANDERS DIRECTOR 1.00
Director
$0 $0 $0
JOHN J SIEGFRIED DIRECTOR 1.00
Director
$0 $0 $0
SALLY WOOD OUTGOING COO/CFO 40.00
Officer
$164,993 $18,689 $183,682
ABITZEL D ROBINSON HOBSON COO/CFO 40.00
Officer
$50,312 $7,899 $58,211
CHRISTOPHER CALTABIANO CHIEF PROGRAM OFFICER 40.00
Highest
$210,517 $9,223 $219,740
DAN DELANY CHIEF DEVELOPMENT OFFICER 40.00
Highest
$194,569 $23,747 $218,316
TARNISHA SMART SR DIRECTOR OF DEVELOPMENT 40.00
Highest
$155,900 $8,142 $164,042
ANDREA MOZO SENIOR DIRECTOR, DIGITAL PRODUCTS 40.00
Highest
$133,893 $47,424 $181,317
RUBEN A RIVERA SR. DIRECTOR, PROFESSIONAL 40.00
Highest
$131,356 $48,009 $179,365
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $5,982,953 $8,070,379 $3,258,556 $-2,087,426
2022 $6,640,455 $7,138,448 $5,639,247 $-497,993
2021 $6,851,531 $5,644,895 $5,635,385 $1,206,636
2020 $4,222,439 $5,017,700 $4,345,047 $-795,261
2019 $6,578,216 $5,183,606 $4,754,544 $1,394,610
2018 $4,409,140 $4,268,629 $3,425,884 $140,511
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