ALABAMA COUNCIL ON ECONOMIC EDUCATION

EIN: 237048024 501(c)(3) Social Science

BIRMINGHAM, AL

Total Revenue
$297,007
Total Expenses
$284,869
Total Assets
$1,066,015
Net Assets
$140,294
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
AL
Principal Officer
WANDA MCABEE
Phone
2055289580
Tax Period
2023-10-01 to 2024-09-30

ALABAMA COUNCIL ON ECONOMIC EDUCATION, founded in 1969, is a small nonprofit in the Social Science sector that reported $297K in total revenue in fiscal year 2023. Revenue surged 95% from the prior year, signaling strong growth momentum. Expenses of $285K left a modest 4% surplus.

Mission

TO PROMOTE AND IMPROVE ECONOMIC AND FINANCIAL EDUCATION FOR K-12 STUDENTS IN ALABAMA'S SCHOOLS. ACEE PROVIDES COMPREHENSIVE PROFESSIONAL DEVELOPMENT, PROGRAMS, AND CURRICULUM RESOURCES FOR TEACHERS IN ECONOMICS AND PERSONAL FINANCE. MULTIPLE CLASSROOM PROGRAMS FOR STUDENTS ARE OFFERED THROUGHOUT THE STATE. ACEE DELIVERS CURRICULUM ALIGNED WITH ALABAMA DEPARTMENT OF EDUCATION STANDARDS AND GRADUATION REQUIREMENTS.

Program Service Accomplishments

Program 1
Expenses: $127,145

TO TRAIN TEACHERS IN ECONOMICS AND FINANCIAL LITERACY INSTRUCTION, ENABLING THEM TO PASS THIS KNOWLEDGE TO STUDENTS IN THE CLASSROOM. ACEE PROVIDES PROFESSIONAL DEVELOPMENT THROUGH ONLINE WEBINARS...

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TO TRAIN TEACHERS IN ECONOMICS AND FINANCIAL LITERACY INSTRUCTION, ENABLING THEM TO PASS THIS KNOWLEDGE TO STUDENTS IN THE CLASSROOM. ACEE PROVIDES PROFESSIONAL DEVELOPMENT THROUGH ONLINE WEBINARS AND IN PERSON WORKSHOPS HELD THROUGHOUT THE STATE UTILIZING TESTED AND APPROVED CURRICULUM MATERIALS THAT COMPLY WITH THE ALABAMA STATE DEPARTMENT OF EDUCATION STANDARDS AND GRADUATION REQUIREMENTS. CURRICULUM MATERIALS AND/OR IN-PERSON WORKSHOPS ARE PROVIDED AT NO COST AND ACEE GIVES FUNDS DIRECTLY TO SCHOOLS FOR SUBSTITUTE TEACHER PAY SO THAT TEACHERS MAY ATTEND PROFESSIONAL DEVELOPMENT WORKSHOPS OR WEBINARS.

Program 2
Expenses: $104,028 Revenue: $4,500

TO OFFER STUDENTS GRADES 6 TO 12 A VARIETY OF CLASSROOM PROGRAMS WHERE THE STUDENTS HAVE A CHANCE TO DEMONSTRATE THEIR KNOWLEDGE OF PERSONAL FINANCE/ECONOMICS IN A FUN AND CHALLENGING WAY. THESE...

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TO OFFER STUDENTS GRADES 6 TO 12 A VARIETY OF CLASSROOM PROGRAMS WHERE THE STUDENTS HAVE A CHANCE TO DEMONSTRATE THEIR KNOWLEDGE OF PERSONAL FINANCE/ECONOMICS IN A FUN AND CHALLENGING WAY. THESE PROGRAMS ENCOURAGE STUDENTS TO TAKE AN INTEREST IN THEIR FINANCIAL FUTURE. THESE PROGRAMS INCLUDE COMPETITIONS THAT ENCOURAGE THE STUDENTS TO MAKE REAL WORLD CONNECTIONS, AND OFFER OPPORTUNITIES FOR STUDENTS TO ADVANCE TO NATIONAL EVENTS.

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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 $289,968
Program Service Revenue $4,500
Investment Income $2,539
Other Revenue $0
TOTAL REVENUE $297,007

Expense Breakdown

Grants Paid $23,820
Salaries & Benefits $57,005
Fundraising Expenses $0
Program Expenses $231,173
Other Expenses $204,044
TOTAL EXPENSES $284,869

Year-over-Year Comparison

2023 2022 Change
Revenue $297,007 $152,486 +0.9%
Expenses $284,869 $222,805 +0.3%
Net Income $12,138 $-70,319 -1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
21
Independent Members
21
Employees
2
Volunteers
N/A

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
4
$77,751
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SAM ADAMS DIRECTOR 1.00
Director
$0 $0 $0
SAM ADDY DIRECTOR 1.00
Director
$0 $0 $0
BERDIS A BLANDING III DIRECTOR 1.00
Director
$0 $0 $0
JOSEPH P BORG DIRECTOR 1.00
Director
$0 $0 $0
JULIE BRANNON DIRECTOR 1.00
Director
$0 $0 $0
J RANDY DERIEUX DIRECTOR 1.00
Director
$0 $0 $0
RUSSELL DOUGLAS DIRECTOR 1.00
Director
$0 $0 $0
CHARLES LAMBERT DIRECTOR 1.00
Director
$0 $0 $0
ANDREW MEEHAN DIRECTOR 1.00
Director
$0 $0 $0
MAURICE MOODY DIRECTOR 1.00
Director
$0 $0 $0
JUDD MOORE DIRECTOR 1.00
Director
$0 $0 $0
ROBERT B NIELSEN DIRECTOR 1.00
Director
$0 $0 $0
ATISTHAN ROACH DIRECTOR 1.00
Director
$0 $0 $0
SUMNER SMALLWOOD DIRECTOR 1.00
Director
$0 $0 $0
KEN SNOW DIRECTOR 1.00
Director
$0 $0 $0
DR DAN SUTTER DIRECTOR 1.00
Director
$0 $0 $0
MAYO WOODWARD DIRECTOR 1.00
Director
$0 $0 $0
MALONE JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
AMANDA SENN DIRECTOR 1.00
Director
$0 $0 $0
JAMES M CREAMER JR CHAIR 1.00
Officer
$0 $0 $0
DON KORN VICE CHAIR 1.00
Officer
$0 $0 $0
WANDA MCABEE EXECUTIVE PROGRAM DIRECTOR 20.00
Officer
$43,937 $0 $43,937
AMANDA PIGUE EXECUTIVE OPERATIONS DIREC 20.00
Officer
$33,814 $0 $33,814
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 $297,007 $284,869 $1,066,015 $12,138
2023 $152,486 $222,805 $140,946 $-70,319
2022 $228,311 $168,446 $228,096 $59,865
2019 $137,951 $153,550 $92,849 $-15,599
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