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Nonprofiteer
← FLORIDA COUNCIL ON ECONOMIC EDUCATION INC

Form 990 for tax year 2023

Filed by FLORIDA COUNCIL ON ECONOMIC EDUCATION INC.

Totals

Total revenue
$628,731
Total expenses
$945,010
Contributions and grants received
$427,564
Grants paid
$75,000
Program service revenue
$0
Investment income
$11,641
Other revenue
$189,526
Total assets, end of year
$451,941
Total liabilities, end of year
$45,344
Net assets or fund balances, end of year
$406,597
Program services expenses (Part IX)
$713,997
Management and general expenses
$120,719
Fundraising expenses
$110,294
Program service expenses (Part III)
$713,997

Program services were 75.6% 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.

  • 1c · Fundraising events

    $150,681

  • 1f · All other contributions, gifts and grants

    $276,883

  • 3 · Investment income

    total $11,641 · excluded $11,641

  • 8a · Fundraising events: gross income

    $403,199

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

    $150,681

  • 8b · Fundraising events: direct expenses

    $213,673

  • 8c · Net income from fundraising events

    total $189,526 · excluded $189,526

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $75,000 · program services $75,000

  • 5 · Compensation of officers, directors and key employees

    total $107,500 · program services $80,625 · management and general $10,750 · fundraising $16,125

  • 7 · Other salaries and wages

    total $210,818 · program services $158,114 · management and general $21,082 · fundraising $31,622

  • 8 · Pension plan contributions

    total $9,418 · program services $7,063 · management and general $942 · fundraising $1,413

  • 9 · Other employee benefits

    total $40,833 · program services $30,625 · management and general $4,083 · fundraising $6,125

  • 10 · Payroll taxes

    total $24,475 · program services $18,356 · management and general $2,448 · fundraising $3,671

  • 11c · Fees: accounting

    total $31,600 · program services $14,220 · management and general $14,220 · fundraising $3,160

  • 11f · Fees: investment management

    total $1,583 · management and general $1,583

  • 11g · Fees: other

    total $45,254 · program services $19,093 · management and general $21,919 · fundraising $4,242

  • 12 · Advertising and promotion

    total $7,073 · program services $7,073

  • 13 · Office expenses

    total $34,327 · program services $24,586 · management and general $5,976 · fundraising $3,765

  • 16 · Occupancy

    total $27,600 · program services $20,700 · management and general $2,760 · fundraising $4,140

  • 17 · Travel

    total $26,248 · program services $18,374 · management and general $2,625 · fundraising $5,249

  • 19 · Conferences, conventions and meetings

    total $18,221 · program services $14,577 · management and general $911 · fundraising $2,733

  • 20 · Interest

    total $267 · program services $187 · management and general $27 · fundraising $53

  • 22 · Depreciation, depletion and amortization

    total $1,812 · program services $1,268 · management and general $181 · fundraising $363

  • 23 · Insurance

    total $4,469 · program services $3,128 · management and general $447 · fundraising $894

  • 24a · Other expenses: PRINTING AND PUBLICATIO

    total $92,445 · program services $83,201 · management and general $4,622 · fundraising $4,622

  • 24b · Other expenses: HONORARIUMS AND AWARDS

    total $65,148 · program services $65,148

  • 24c · Other expenses: ADVOCACY

    total $60,315 · program services $20,105 · management and general $20,105 · fundraising $20,105

  • 24d · Other expenses: STOCK MARKET CHALLENGE

    total $38,916 · program services $38,916

  • 24e · All other expenses

    total $21,688 · program services $13,638 · management and general $6,038 · fundraising $2,012

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $146,037 · end of year $886

  • 2 · Savings and temporary cash investments

    beginning of year $233,427 · end of year $103,905

  • 4 · Accounts receivable

    end of year $1,007

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,666 · end of year $6,575

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

    $12,381

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

    $8,482

  • 10c · Land, buildings and equipment, net

    beginning of year $5,711 · end of year $3,899

  • 12 · Investments: other securities

    beginning of year $354,031 · end of year $333,369

  • 15 · Other assets

    beginning of year $2,300 · end of year $2,300

  • 17 · Accounts payable and accrued expenses

    beginning of year $29,781 · end of year $27,844

  • 19 · Deferred revenue

    beginning of year $17,500 · end of year $17,500

  • 27 · Net assets without donor restrictions

    beginning of year $419,084 · end of year $111,165

  • 28 · Net assets with donor restrictions

    beginning of year $280,807 · end of year $295,432

Mission and programs · 2023

Mission

TO PREPARE FLORIDA'S YOUNG PEOPLE FOR PERSONAL AND FINANCIAL SUCCESS THROUGH EDUCATIONAL PROGRAMS IN ECONOMICS, THE FREE ENTERPRISE SYSTEM, AND PERSONAL FINANCIAL LITERACY SO THAT THEY BECOME PRODUCTIVE MEMBERS OF THE WORKFORCE, RESPONSIBLE CONSUMERS, AND WISE INVESTORS.

Activities or mission (Part I)

DEVELOP AND ENHANCE ECONOMIC EDUCATION IN FLORIDA

  • THE FLORIDA COUNCIL ON ECONOMIC EDUCATION, INC. (THE "COUNCIL") PROVIDES ON-GOING ASSISTANCE TO SCHOOL DISTRICTS STATEWIDE IN DEVELOPING STANDARDS AND INTEGRATING FREE ENTERPRISE, ENTREPRENEURSHIP, BUSINESS AND ECONOMIC EDUCATION AND PERSONAL FINANCIAL LITERACY INTO DISTRICT PROGRAMMING, AS WELL AS ON-GOING PROFESSIONAL DEVELOPMENT PROGRAMS FOR TEACHERS GEOGRAPHICALLY REMOTE FROM CENTERS FOR ECONOMIC EDUCATION; DEVELOP AND DISTRIBUTE CURRICULUM MATERIALS; PROVIDE APPLIED LEARNING OPPORTUNITIES THROUGH STUDENT CHALLENGES IN ECONOMICS AND PERSONAL FINANCE.

    Expenses $528,358 · Grants $75,000

  • THE FLORIDA STOCK MARKET CHALLENGE IS AN EXCITING WAY TO ENGAGE ELEMENTARY, MIDDLE, OR HIGH SCHOOL STUDENTS WHILE PRESENTING LESSONS ACROSS THE CURRICULUM OF ECONOMICS, SOCIAL STUDIES, MATH, READING COMPREHENSION, CTE AND PERSONAL FINANCE. ESTABLISHED MORE THAN 25 YEARS AGO, THE FLORIDA STOCK MARKET CHALLENGE GIVES K-12 STUDENTS THE OPPORTUNITY TO PARTICIPATE IN AN ONLINE INVESTMENT SIMULATION AND MANAGE A HYPOTHETICAL $100,000 INVESTMENT PORTFOLIO. TEAMS THROUGHOUT THE STATE COMPETE AGAINST STUDENTS AT THEIR SAME GRADE LEVEL FOR THE BEST PORTFOLIO PERFORMANCE OVER A 10-WEEK PERIOD AND ARE AWARDED PRIZES AT THE END OF BOTH THE FALL AND SPRING SEMESTERS.

    Expenses $64,260

  • FINANCIAL FREEDOM IS A COMPREHENSIVE CURRICULUM IN PERSONAL FINANCE DEVELOPED BY THE COUNCIL AND DISTRIBUTED TO 60,000 STUDENTS EACH YEAR, WITHOUT COST TO TEACHERS OR SCHOOL DISTRICTS. FINANCIAL FREEDOM STRENGTHENS MIDDLE AND HIGH SCHOOL STUDENTS' FINANCIAL LITERACY KNOWLEDGE BY INTRODUCING THE CRITICAL CONCEPTS OF EARNING INCOME, BUYING GOODS AND SERVICES, SAVING, USING CREDIT, FINANCIAL INVESTING AND PROTECTING AND INSURING. FINANCIAL FREEDOM CAN BE USED AS A STAND-ALONE TEXT IN A FINANCIAL LITERACY CLASS, OR AS A SUPPLEMENT TO ANY FINANCIAL COURSE OR TRAINING.

    Expenses $121,379

As filed on the 2023 return.

Listed in Part VII

  • William Thomas

    CHAIRMAN & FINANCE COMMITT

    Total calculated
    $0
    Hours/week
    1

  • Sally Forsyth

    VIE CHAIR & FLIP COMMITTEE CO-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Laura Forsythe

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Linda Hall

    AUDIT COMMITTEE

    Total calculated
    $0
    Hours/week
    1

  • Nathaniel Doliner

    IMMEDIATE PAST CHAIR & SEC

    Total calculated
    $0
    Hours/week
    1

  • Robin Warren

    NOMINATING & GOVERNANCE CO

    Total calculated
    $0
    Hours/week
    1

  • Paul Cutler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Anthony Linguanti Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bevery Ferrell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Katy Thompson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kristine Branch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lorianne Woldehanna

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Tascher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Troncoso

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Shannon Reid

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Thomas Hall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • William Bosshardt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sakhi Ghandi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joe Hussey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeff Locker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • William Mehserle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Suzanne Costanza

    EXECUTIVE DIRECTOR

    Total calculated
    $110,663
    From this org
    $107,500
    From related orgs
    $0
    Other
    $3,163
    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

  • USF STAVROS CENTER

    $25,000

    EDUCATION

  • MIAMI DADE COLLEGE

    $20,000

    EDUCATION

  • FSCJ FOUNDATION

    $15,000

    EDUCATION

  • FLORIDA ATLANTIC UNIVERSITY

    $15,000

    EDUCATION

Provenance

Return type
form_990
Tax year
2023
Filed
24 March 2025
IRS schema version
2023v6.0
Source object
202500879349301125

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