Form 990 for tax year 2024
Filed by GEORGIA COUNCIL ON ECONOMIC EDUCATION.
Totals
- Total revenue
- $1,111,419
- Total expenses
- $983,378
- Contributions and grants received
- $994,082
- Grants paid
- $0
- Program service revenue
- $27,340
- Investment income
- $89,997
- Other revenue
- $0
- Total assets, end of year
- $7,225,259
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $7,225,259
- Program services expenses (Part IX)
- $706,428
- Management and general expenses
- $125,024
- Fundraising expenses
- $151,926
- Program service expenses (Part III)
- $706,428
Program services were 71.8% 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.
-
1f · All other contributions, gifts and grants
$994,082
-
2a · Program service revenue: WORKSHOPS
total $18,000 · related or exempt $18,000
-
2b · Program service revenue: SPECIAL PROGRAMS
total $1,000 · related or exempt $1,000
-
2c · Program service revenue: MATERIALS DEVELOPMENT
total $8,340 · related or exempt $8,340
-
3 · Investment income
total $89,997 · excluded $89,997
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $207,922 · program services $10,396 · management and general $51,981 · fundraising $145,545
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $291,778 · program services $291,778
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $27,557 · program services $27,557
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $18,722 · management and general $18,722
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $3,016 · program services $1,508 · fundraising $1,508
-
13 · Office expenses
total $7,095 · program services $1,530 · management and general $4,486 · fundraising $1,079
-
14 · Information technology
total $16,361 · program services $13,089 · management and general $1,636 · fundraising $1,636
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $2,193 · program services $35 · fundraising $2,158
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $1,637 · program services $1,637
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $4,547 · management and general $4,547
-
24a · Other expenses: WORKSHOP MATERIALS AND DELIVER
total $294,810 · program services $251,158 · management and general $43,652
-
24b · Other expenses: STOCK MARKET GAME EXPENSES
total $61,205 · program services $61,205
-
24c · Other expenses: CONTRACT LABOR
total $41,881 · program services $41,881
-
24d · Other expenses: AWARDS
total $4,654 · program services $4,654
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,163,193 · end of year $1,291,234
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $1,000,000
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
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 $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $0 · end of year $0
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $4,477,574 · end of year $4,934,025
-
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 $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $0 · end of year $0
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
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 $0
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $4,650,562 · end of year $5,166,948
-
28 · Net assets with donor restrictions
beginning of year $1,990,205 · end of year $2,058,311
Mission and programs · 2024
Mission
THE MISSION OF THE GEORGIA COUNCIL ON ECONOMIC EDUCATION IS TO HELP K-12 TEACHERS TEACH ECONOMICS AND PERSONAL FINANCE IN THE PUBLIC AND INDEPENDENT SCHOOLS OF GEORGIA.
-
WORKSHOPS: THE COUNCIL SUPPORTS TWELVE CENTERS FOR ECONOMIC EDUCATION ON COLLEGE AND UNIVERSITY CAMPUSES IN GEORGIA. IT CONDUCTS WORKSHOPS TO ASSIST TEACHERS WITH ECONOMIC CONCEPTS AND TEACHING METHODS. THE COUNCIL HAS DELIVERED 178 WORKSHOPS AND SERVED 3,353 TEACHERS DURING 2024.
Expenses $602,782 · Revenue $18,000
-
SPECIAL PROGRAMS: THE COUNCIL CONDUCTS PROGRAMS INCLUDING THE CREATION AND IMPLEMENTATION OF MATERIALS UTILIZING ALL TYPES OF MEDIA METHODS TO TEACH ECONOMICS AND PERSONAL FINANCE IN THE CLASSROOM. THEY ALSO SPONSOR ACTIVITIES SUCH AS THE STOCK MARKET GAME, THE ECONOMICS CHALLENGE, THE PERSONAL FINANCE CHALLANGE, THE ECON GAMES, MINI-SOCIETY AND MANUFACTURING STUDY TOURS.
Expenses $63,727 · Revenue $1,000
-
MATERIALS DEVELOPMENT AND DISTRIBUTION: THE COUNCIL PREPARES, PURCHASES AND DISTRIBUTES RESOURCE MATERIALS ON ECONOMICS TO BENEFIT STUDENTS AND TEACHERS.
Expenses $39,919 · Revenue $8,340
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Mike Raymer
Executive Director
- Total calculated
- $206,856
- From this org
- $175,278
- From related orgs
- $0
- Other
- $31,578
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $153,653
- Bonus
- $20,000
- Other
- $1,625
- Deferred
- $31,496
- Nontaxable benefits
- $277
- Filer's total
- $207,051
-
CHRIS CANNON
ASSOCIATE DIRECTOR
- Total calculated
- $161,876
- From this org
- $127,158
- From related orgs
- $0
- Other
- $34,718
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $100,542
- Bonus
- $18,000
- Other
- $8,616
- Deferred
- $21,219
- Nontaxable benefits
- $13,694
- Filer's total
- $162,071
-
Gary Alexander
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Valarie Asbury
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Rob Baskin
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Kevin Brennan
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Christophe Cadiou
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mary Beth Coke
Chair
- Total calculated
- $0
- Hours/week
- 1
-
Heather Coody
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Beth Day
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Hays Evans
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Dorsey Farr
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Robert Gaines
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Hollis Gilliam
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Kenneth Jackson
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Jason Levitt
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Nancy Lewis
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Nathan Lewis
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Rodney Miller
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Nandy Milner
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Pierce Nelson
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Marlon Oliver
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Lynn Patillo
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Arlethia Perry-Johnson
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Michael Pond
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mazeen Porbandarwala
Secretary/Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
David Poroch
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Virnilisa Printup
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Michael Rieger
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
John Swinton
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Grant Thomas
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Angel Vasell
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Phil Walsh
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
William Wesley
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Matthew Wolfersberger
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Scott WolLE
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Brett Wooten
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
TARA RICH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
ROBERT WICKING
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Chandler Boone
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Gayle Cabrera
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Amy Hennessy
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Tony Oh
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Greg Rollings
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- SCHEDULE J, PART I, LINE 7
- MERIT BONUSES WERE AWARDED BASED ON PERFORMANCE AT YEAR END.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(c)3 · PERSONNEL · GA
Directly controlled by No
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 15 May 2025
- IRS schema version
- 2024v5.1
- Source object
- 202531349349306188
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