Form 990 for tax year 2023
Filed by SOUTH CAROLINA COUNCIL ON ECONOMIC EDUCATION.
Totals
- Total revenue
- $576,498
- Total expenses
- $602,249
- Contributions and grants received
- $535,698
- Grants paid
- $0
- Program service revenue
- $40,758
- Investment income
- $42
- Other revenue
- $0
- Total assets, end of year
- $410,111
- Total liabilities, end of year
- $15,587
- Net assets or fund balances, end of year
- $394,524
- Program services expenses (Part IX)
- $565,752
- Management and general expenses
- $21,802
- Fundraising expenses
- $14,695
- Program service expenses (Part III)
- $565,752
Program services were 93.9% 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
$535,698
-
1g · Noncash contributions included above
$11,199
-
2a · Program service revenue: PROGRAM SERVICE REVENU
total $40,758 · related or exempt $40,758
-
3 · Investment income
total $42 · excluded $42
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $100,279 · program services $94,202 · management and general $3,630 · fundraising $2,447
-
7 · Other salaries and wages
total $96,062 · program services $90,241 · management and general $3,477 · fundraising $2,344
-
9 · Other employee benefits
total $28,031 · program services $26,332 · management and general $1,015 · fundraising $684
-
10 · Payroll taxes
total $15,651 · program services $14,702 · management and general $567 · fundraising $382
-
11c · Fees: accounting
total $10,707 · program services $10,058 · management and general $388 · fundraising $261
-
11f · Fees: investment management
total $2,957 · program services $2,778 · management and general $107 · fundraising $72
-
13 · Office expenses
total $7,010 · program services $6,585 · management and general $254 · fundraising $171
-
17 · Travel
total $1,800 · program services $1,691 · management and general $65 · fundraising $44
-
19 · Conferences, conventions and meetings
total $335,764 · program services $315,416 · management and general $12,155 · fundraising $8,193
-
22 · Depreciation, depletion and amortization
total $28 · program services $26 · management and general $1 · fundraising $1
-
23 · Insurance
total $2,551 · program services $2,397 · management and general $92 · fundraising $62
-
24a · Other expenses: DUES & MEMBERSHIP
total $1,409 · program services $1,324 · management and general $51 · fundraising $34
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $84,436 · end of year $89,712
-
2 · Savings and temporary cash investments
beginning of year $4,974 · end of year $906
-
4 · Accounts receivable
beginning of year $2,924 · end of year $3,827
-
10a · Land, buildings and equipment: cost or other basis
$13,437
-
10b · Land, buildings and equipment: accumulated depreciation
$13,437
-
10c · Land, buildings and equipment, net
beginning of year $28 · end of year $0
-
12 · Investments: other securities
beginning of year $304,156 · end of year $315,666
-
17 · Accounts payable and accrued expenses
beginning of year $8,678 · end of year $15,587
-
27 · Net assets without donor restrictions
beginning of year $387,840 · end of year $394,524
Mission and programs · 2023
Mission
SC ECONOMICS IS THE ONLY SC NON-PROFIT ORGANIZATION EXCLUSIVELY DEDICATED TO IMPROVING ECONOMIC EDUCATION AND FINANCIAL LITERACY BY PREPARING TEACHERS AND STUDENTS TO BE ACTIVE, SUCCESSFUL, AND PROSPEROUS MEMBERS OF OUR GLOBAL ECONOMY.
Activities or mission (Part I)
TO PROMOTE ECONOMIC LITERACY THROUGHOUT SC SCHOOLS.
-
TEACHER TRAINING PROVIDES QUALITY PROFESSIONAL DEVELOPMENT TO TEACHERS IN ORDER TO IMPROVE THEIR CONTENT KNOWLEDGE IN ECONOMICS AND PERSONAL FINANCE. THIS ALSO IMPROVES TEACHER CONFIDENCE BY SHARING BEST PRACTICES, LESSON PLANS, AND RESOURCES FOR ENGAGING STUDENTS.
Expenses $456,732
-
STATE-WIDE CONTESTS AND COMPLETIONS, INCLUDING THE STOCK MARKET GAME, ECONOMICS CHALLENGE, AND PERSONAL FINANCE CHALLENGE. THESE COMPETITIONS PROVIDE AN EXCITING ACTIVITY-BASED LEARNING METHODOLOGY WHICH IS FUN AND RELEVANT FOR STUDENTS. PRIZES, TROPHIES, CERTIFICATES, AND RECOGNITION INVOLVE TEACHERS, STUDENTS, AND PARENTS, TO REWARD THEIR SUCCESS.
Expenses $101,609
-
THE SC FINANCIAL LITERACY MASTER TEACHER PROGRAM INCENTIVES TEACHERS TO ADVOCATE FOR ECONOMICS AND PERSONAL FINANCE IN THEIR CLASSROOM, SCHOOL, AND DISTRICT. IT HAS A NEW COHORT OF TEACHERS EACH YEAR (COHORT 6 2024-25) THAT ARE REQUIRED TO PASS A NATIONALLY RECOGNIZED CONTENT EXAM, ATTEND PROFESSIONAL DEVELOPMENT, AND LEAD PROFESSIONAL DEVELOPMENT TO THEIR PEERS ABOUT ECONOMICS AND PERSONAL FINANCE.
Expenses $7,411 · Revenue $40,758
As filed on the 2023 return.
Listed in Part VII
-
Nikki HutchisonNIKKI HUTCHISON
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Betty BestBETTY BEST
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Brian BarkerBRIAN BARKER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Neil BrownNEIL BROWN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Lisa BurgessLISA BURGESS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Bruce ColeBRUCE COLE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
John DeniseJOHN DENISE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rebecca GunnlaugssonREBECCA GUNNLAUGSSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Alan KahnALAN KAHN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Nicholas MoellmanNICHOLAS MOELLMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Bob QuinnBOB QUINN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mickey RennerMICKEY RENNER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Cherie SandersonCHERIE SANDERSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Vincent SchianoVINCENT SCHIANO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mark WilliamsMARK WILLIAMS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
James MorrisJAMES MORRIS
CEO, RETIRED ON 12/31/23
- Total calculated
- $62,278
- From this org
- $55,417
- From related orgs
- $0
- Other
- $6,861
- Hours/week
- 40
-
Chandler JordanCHANDLER JORDAN
EXECUTIVE DIRECTOR
- Total calculated
- $90,463
- From this org
- $76,716
- From related orgs
- $0
- Other
- $13,747
- 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
- 2023
- Filed
- 13 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413189349306221
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