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← COLORADO COUNCIL ON ECONOMIC EDUCATION

Form 990 for tax year 2022

Filed by COLORADO COUNCIL ON ECONOMIC EDUCATION.

Totals

Total revenue
$778,391
Total expenses
$940,904
Contributions and grants received
$637,790
Grants paid
$0
Program service revenue
$12,220
Investment income
$67,548
Other revenue
$60,833
Total assets, end of year
$945,140
Total liabilities, end of year
$72,380
Net assets or fund balances, end of year
$872,760
Program services expenses (Part IX)
$654,037
Management and general expenses
$124,637
Fundraising expenses
$162,230
Program service expenses (Part III)
$654,037

Program services were 69.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $58,075

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $130,347

  • 1f · All other contributions, gifts and grants

    $449,368

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Education Program

    total $12,220 · related or exempt $12,220 · unrelated business $0 · excluded $0

  • 2b · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2c · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2d · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2e · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $67,548 · related or exempt $0 · unrelated business $0 · excluded $67,548

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $0 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $0 · other assets $0

  • 7b · Less cost or other basis and sales expenses

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 7d · Net gain or loss

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: gross income

    $103,235

  • 8a · Fundraising events: contributions included on line 1c

    $58,075

  • 8b · Fundraising events: direct expenses

    $43,230

  • 8c · Net income from fundraising events

    total $60,005 · unrelated business $0 · excluded $61,005

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11a · Other revenue: Other CIncome Publications

    total $828 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11b · Other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11c · Other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $828

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $126,742 · program services $44,360 · management and general $44,360 · fundraising $38,023

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $372,391 · program services $259,198 · management and general $37,886 · fundraising $75,306

  • 8 · Pension plan contributions

    total $3,519 · program services $2,780 · management and general $387 · fundraising $352

  • 9 · Other employee benefits

    total $35,576 · program services $23,467 · management and general $4,488 · fundraising $7,621

  • 10 · Payroll taxes

    total $39,810 · program services $30,256 · management and general $4,777 · fundraising $4,777

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $18,384 · program services $11,858 · management and general $2,298 · fundraising $4,228

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $23,999 · program services $15,693 · management and general $6,179 · fundraising $2,127

  • 12 · Advertising and promotion

    total $37,475 · program services $29,947 · management and general $4,705 · fundraising $2,823

  • 13 · Office expenses

    total $28,932 · program services $18,246 · management and general $4,245 · fundraising $6,441

  • 14 · Information technology

    total $15,453 · program services $10,044 · management and general $3,091 · fundraising $2,318

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $33,704 · program services $21,907 · management and general $6,741 · fundraising $5,056

  • 17 · Travel

    total $8,496 · program services $6,317 · management and general $846 · fundraising $1,333

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $15,273 · program services $12,463 · management and general $1,719 · fundraising $1,091

  • 20 · Interest

    total $741 · program services $482 · management and general $148 · fundraising $111

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $2,526 · program services $1,642 · management and general $505 · fundraising $379

  • 23 · Insurance

    total $4,212 · program services $2,738 · management and general $842 · fundraising $632

  • 24a · Other expenses: Program Materials/ Development/Game Fees

    total $35,924 · program services $35,604 · management and general $0 · fundraising $320

  • 24b · Other expenses: Program Honorarium/Awards

    total $53,433 · program services $53,433 · management and general $0 · fundraising $0

  • 24c · Other expenses: Program Teacher Scholarships/Stipends

    total $58,283 · program services $58,283 · management and general $0 · fundraising $0

  • 24d · Other expenses: Online Course Development

    total $15,319 · program services $15,319 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $10,712 · program services $0 · management and general $1,420 · fundraising $9,292

  • 26 · Joint costs (an allocation of the lines above)

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $116,301 · end of year $56,422

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $252,500 · end of year $28,000

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $40,879

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,415 · end of year $14,960

  • 10a · Land, buildings and equipment: cost or other basis

    $21,983

  • 10b · Land, buildings and equipment: accumulated depreciation

    $15,111

  • 10c · Land, buildings and equipment, net

    beginning of year $807 · end of year $6,872

  • 11 · Investments: publicly traded securities

    beginning of year $682,022 · end of year $650,168

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $150,753 · end of year $147,839

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,328 · end of year $22,928

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $160,197 · end of year $1,680

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $47,772

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $745,082 · end of year $631,634

  • 28 · Net assets with donor restrictions

    beginning of year $290,191 · end of year $241,126

Mission and programs · 2022

Mission

Our mission is to empower Colorado students to achieve a lifetime of economic understanding and financial freedom. How will we achieve this mission? By providing economic and personal financial education to students through training programs and classroom resources delivered to teachers schools and school districts. We envision a world where all Colorado students will learn the fundamental economic and financial decision-making skills necessary to realize their potential.

Activities or mission (Part I)

Empowering Colorado students to achieve a lifetime of economic understanding and financial freedom

  • Our primary exempt purpose is to provide education programs and services for Colorado K-12 teachers and the community to assist in improving economic education and personal financial literacy for students in Colorado K-12 schools. We also make available to K-12 teachers and school districts a wide range of grade-appropriate economics and personal financial literacy PFL curriculum resources.

    Expenses $495,516 · Revenue $120,250

  • We provide programs directly to Colorado K-12 students; those programs include a stock market portfolio simulation program called the Stock Market Experience SME and the Invest in Girls IIG. The SME program is provided to teachers of Colorado students in grades 3-12. It is a comprehensive engaging real-world online investment simulation. Stock market simulation programs have been proven to improve student learning in PFL economics math and language arts. We operate several SME sessions each school year. The IIG offers virtual courses on the basics of personal finance and investing and offers in-person experiences for the students to meet and hear industry professionals give insights and advice about careers in finance.

    Expenses $158,521 · Revenue $11,500

As filed on the 2022 return.

Listed in Part VII

  • Sloan Smith

    Chair - Innovest Portfolio Solutions

    Total calculated
    $0
    Hours/week
    2

  • Dan Katz

    Chair Elect - Steele Street Private Wealth Management

    Total calculated
    $0
    Hours/week
    2

  • Todd Vanosdall

    Treasurer - FirstBank

    Total calculated
    $0
    Hours/week
    2

  • Liz Donley

    Secretary - The Erie County Investment Co

    Total calculated
    $0
    Hours/week
    2

  • Michelle Adams

    Member - Law Office of Michelle Adams LLC

    Total calculated
    $0
    Hours/week
    2

  • Eric Bush

    Member

    Total calculated
    $0
    Hours/week
    2

  • Lisa Cashman

    Member - Vectra Bank

    Total calculated
    $0
    Hours/week
    2

  • Peter Coors

    Member - MolsonCoors

    Total calculated
    $0
    Hours/week
    2

  • Ryan Harris

    Member - NFL Radio

    Total calculated
    $0
    Hours/week
    2

  • Adi Leonard

    Member - Bow River Capital

    Total calculated
    $0
    Hours/week
    2

  • Christina Martinez

    Member - Transamerica Financial Advisors Inc

    Total calculated
    $0
    Hours/week
    2

  • Jenny Pettit

    Member - St Vrain School District

    Total calculated
    $0
    Hours/week
    2

  • Luis Ramirez

    Member - Huntington Bank

    Total calculated
    $0
    Hours/week
    2

  • Nancy Rimington

    Member - Innovest Portfolio Solutions

    Total calculated
    $0
    Hours/week
    2

  • Christyle Russell

    Member - Christyle Russell

    Total calculated
    $0
    Hours/week
    2

  • Sandy Shoemaker

    Member - Shoemaker Consulting

    Total calculated
    $0
    Hours/week
    2

  • Ben Wayne

    Member - Northern Trust Corporation

    Total calculated
    $0
    Hours/week
    2

  • Amy Sherman - Hired Jan 2023

    President and CEO

    Total calculated
    $130,261
    From this org
    $126,742
    From related orgs
    $0
    Other
    $3,519
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202441349349300809

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