DELAWARE COUNCIL ON ECONOMIC EDUCATION

EIN: 516024095 501(c)(3) Social Science

NEWARK, DE

Total Revenue
$368,572
Total Expenses
$330,183
Total Assets
$517,593
Net Assets
$517,593
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1963
Legal Domicile
DE
Principal Officer
CARLOS J ASARTA
Phone
3028312559
Tax Period
2024-07-01 to 2025-06-30

DELAWARE COUNCIL ON ECONOMIC EDUCATION, founded in 1963, is a small nonprofit in the Social Science sector that reported $369K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $330K left a modest 10% surplus.

Mission

TO INCORPORATE ECONOMICS AND ENTREPRENEURSHIP IN KINDERGARTEN TO 12TH GRADE CURRICULA IN AN EFFORT TO PROVIDE FOR AN ECONOMICALLY LITERATE SOCIETY.

Program Service Accomplishments

Program 1
Expenses: $280,906

TO INCORPORATE ECONOMICS AND ENTREPRENEURSHIP IN KINDERGARTEN TO 12TH GRADE CURRICULA IN AN EFFORT TO PROVIDE FOR AN ECONOMICALLY LITERATE SOCIETY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $353,300
Program Service Revenue $0
Investment Income $15,272
Other Revenue $0
TOTAL REVENUE $368,572

Expense Breakdown

Grants Paid $230,000
Salaries & Benefits $78,250
Fundraising Expenses $0
Program Expenses $280,906
Other Expenses $21,933
TOTAL EXPENSES $330,183

Year-over-Year Comparison

2024 2023 Change
Revenue $368,572 $304,760 +0.2%
Expenses $330,183 $498,126 -0.3%
Net Income $38,389 $-193,366 -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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Financial Health Indicators

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
25
Independent Members
25
Employees
N/A
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
3
$32,500
Total Directors
25
$32,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CARLOS J ASARTA PRESIDENT AND SECRETARY 3.00
Officer Director
$32,500 $0 $32,500
TIM BOULDEN BOARD MEMBER 1.00
Director
$0 $0 $0
CANDICE CARUSO BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID A COLE BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER CUVA BOARD MEMBER 1.00
Director
$0 $0 $0
JOE DEPAULO BOARD MEMBER 1.00
Director
$0 $0 $0
FRANK T DOUGHERTY BOARD MEMBER 1.00
Director
$0 $0 $0
KEVIN T HERSH BOARD MEMBER 1.00
Director
$0 $0 $0
ANDREW T HILL BOARD MEMBER 1.00
Director
$0 $0 $0
JOSEPH M JONES BOARD MEMBER 1.00
Director
$0 $0 $0
TED KENT BOARD MEMBER 1.00
Director
$0 $0 $0
J RANDALL KUNKLE BOARD MEMBER 1.00
Director
$0 $0 $0
LISA KIRKWOOD CHAIRPERSON 1.00
Officer Director
$0 $0 $0
GREGORY F LAVELLE TREASURER 1.00
Officer Director
$0 $0 $0
DAVID LYONS JR VICE CHAIR 1.00
Director
$0 $0 $0
BONNIE T MESZAROS BOARD MEMBER 1.00
Director
$0 $0 $0
JUAN M LICARI BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES B O'NEILL BOARD MEMBER 1.00
Director
$0 $0 $0
MUNISH PAHWA BOARD MEMBER 1.00
Director
$0 $0 $0
DANA M RAFTAS BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES J ROSZKOWSKI BOARD MEMBER 1.00
Director
$0 $0 $0
WESLEY T STEFANICK BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT STRONG BOARD MEMBER 1.00
Director
$0 $0 $0
SAMUEL L WALTZ JR BOARD MEMBER 1.00
Director
$0 $0 $0
KEVIN A WORSH BOARD MEMBER 1.00
Director
$0 $0 $0
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
2025 $368,572 $330,183 $517,593 $38,389
2024 $304,760 $498,126 $479,204 $-193,366
2023 $382,802 $253,820 $672,570 $128,982
2022 $236,911 $574,346 $543,588 $-337,435
2021 $289,886 $578,212 $881,023 $-288,326
2020 $419,592 $350,683 $1,169,349 $68,909
2019 $437,306 $381,118 $1,100,440 $56,188
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