Form 990 for tax year 2023
Filed by MINNESOTA STATE COUNCIL ON ECONOMIC EDUCATION.
Totals
- Total revenue
- $3,919,812
- Total expenses
- $856,704
- Contributions and grants received
- $3,722,238
- Grants paid
- $18,291
- Program service revenue
- $16,740
- Investment income
- $180,834
- Other revenue
- $0
- Total assets, end of year
- $4,566,001
- Total liabilities, end of year
- $84,324
- Net assets or fund balances, end of year
- $4,481,677
- Program services expenses (Part IX)
- $721,452
- Management and general expenses
- $96,316
- Fundraising expenses
- $38,936
- Program service expenses (Part III)
- $721,452
Program services were 84.2% 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.
-
1e · Government grants (contributions)
$240,000
-
1f · All other contributions, gifts and grants
$3,482,238
-
1g · Noncash contributions included above
$7,182
-
2a · Program service revenue: PROGRAM FEES
total $16,740 · related or exempt $16,740
-
3 · Investment income
total $180,808 · excluded $180,808
-
7a · Gross sales of assets other than inventory
securities $255,328
-
7b · Less cost or other basis and sales expenses
securities $255,302
-
7c · Gain or loss
securities $26
-
7d · Net gain or loss
total $26 · excluded $26
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $18,291 · program services $18,291
-
5 · Compensation of officers, directors and key employees
total $165,774 · program services $139,870 · management and general $15,915 · fundraising $9,989
-
7 · Other salaries and wages
total $277,706 · program services $235,655 · management and general $26,479 · fundraising $15,572
-
9 · Other employee benefits
total $107,935 · program services $90,471 · management and general $10,021 · fundraising $7,443
-
11c · Fees: accounting
total $28,075 · management and general $28,075
-
11g · Fees: other
total $82,300 · program services $78,245 · fundraising $4,055
-
12 · Advertising and promotion
total $7,890 · program services $5,690 · management and general $2,000 · fundraising $200
-
13 · Office expenses
total $25,121 · program services $17,697 · management and general $6,343 · fundraising $1,081
-
14 · Information technology
total $4,407 · program services $715 · management and general $3,096 · fundraising $596
-
17 · Travel
total $9,965 · program services $9,925 · management and general $40
-
19 · Conferences, conventions and meetings
total $118,808 · program services $117,460 · management and general $1,348
-
23 · Insurance
total $1,352 · management and general $1,352
-
24a · Other expenses: SUPPLIES IN-KIND
total $7,182 · program services $7,182
-
24b · Other expenses: MISCELLANEOUS
total $1,898 · program services $251 · management and general $1,647
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $64,704 · end of year $82,867
-
2 · Savings and temporary cash investments
beginning of year $248,670 · end of year $3,614,278
-
4 · Accounts receivable
beginning of year $26,390 · end of year $22,152
-
9 · Prepaid expenses and deferred charges
beginning of year $1,010 · end of year $1,025
-
10a · Land, buildings and equipment: cost or other basis
$20,108
-
10b · Land, buildings and equipment: accumulated depreciation
$20,108
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $934,082 · end of year $825,977
-
15 · Other assets
beginning of year $54,235 · end of year $19,702
-
17 · Accounts payable and accrued expenses
beginning of year $37,156 · end of year $84,324
-
27 · Net assets without donor restrictions
beginning of year $1,145,966 · end of year $4,328,305
-
28 · Net assets with donor restrictions
beginning of year $145,969 · end of year $153,372
Mission and programs · 2023
Mission
MCEE EQUIPS MINNESOTANS WITH THE ECONOMIC AND PERSONAL FINANCIAL KNOWLEDGE AND SKILLS TO MAKE INFORMED DECISIONS AND THRIVE IN OUR COMPLEX WORLD. WE FULFILL OUR MISSION BY TEACHING TEACHERS THROUGH TOP QUALITY PROFESSIONAL DEVELOPMENT AND PROVIDING CURRICULUM MATERIALS; BY ENGAGING STUDENTS WITH CHALLENGING PROGRAMS IN ECONOMIC AND PERSONAL FINANCE EDUCATION; AND BY REACHING COMMUNITIES THROUGH OUR COMMUNITY MENTORSHIP FOR FINANCIAL CAPABILITY PROGRAM AND OTHER PUBLIC OUTREACH ACTIVITIES.
-
MCEE REACHES ITS GOALS BY TEACHING TEACHERS, ENGAGING STUDENTS, AND REACHING COMMUNITIES. IN FY 2024, MCEE PROVIDED 125 PROFESSIONAL DEVELOPMENT WORKSHOPS, WITH 329.5 UNIQUE HOURS OF CONTENT, ALONG WITH CURRICULUM AND OTHER RESOURCES FOR 5,691 TEACHERS GIVING THEM RESEARCH-BASED KNOWLEDGE, TEACHING TECHNIQUES, AND LESSONS TO ASSURE THE 99,680 STUDENTS THEY REACH GAIN STRONG ECONOMIC AND PERSONAL FINANCIAL KNOWLEDGE FOR SUCCESS THROUGH RELEVANT AND ENGAGING REAL-WORLD LEARNING.IN FY 2024, 808 STUDENTS PARTICIPATED IN MCEE DIRECT-TO-STUDENT PROGRAMS - VIRTUAL COMPETITIONS, CHALLENGES, AND INSTITUTES - MOVING THEIR ECONOMIC/PERSONAL FINANCE KNOWLEDGE AND CRITICAL THINKING SKILLS TO A HIGHER LEVEL. MCEE WORKS TO HELP MINNESOTANS UNDERSTAND AND MAKE SOUND ECONOMIC CHOICES, IMPRVE INDVIDUAL PERSONAL FINANCIAL SITUATIOS, AND CREATE ECONOMIC STABILITY AND VITALITY IN LOCAL COMMUNITIES. MCEE STRIVES TO REACH ALL OUR DIVERSE COMMUNITY, WITH SEVERAL PROGRAM FOCUSING SPECIFICALLY ON UNDERSERVED POPULATIONS.
Expenses $721,452 · Grants $18,291 · Revenue $16,740
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
AMY KAMENICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
ANDREW MAAS
DEVELOPMENT CHAIR
- Total calculated
- $0
- Hours/week
- 1.5
-
APRIL CHUNG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
BILL SCHWIETZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
BRADLEY R HUTTER
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1.5
-
BRIAN MUENCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
CHELLE GONZO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
CYNTHIA J FITZTHUM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
DANICA GOSHERT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
EMANUEL EKSTROM
LONG RANGE PLANNING CHAIR
- Total calculated
- $0
- Hours/week
- 1.5
-
JASON KLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
JEANNA FIFER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
JOHNATHAN GAST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
JUDY MARES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
JULIE BUNN
EXECUTIVE DIRECTOR
- Total calculated
- $156,892
- From this org
- $117,522
- From related orgs
- $0
- Other
- $39,370
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $117,522
- Bonus
- $0
- Other
- $0
- Deferred
- $16,142
- Nontaxable benefits
- $23,228
- Filer's total
- $156,892
-
JULIE SWEITZER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
KELLY MCCLELLAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
KERRY A JUNG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
KIYRIE ABERNETHY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
KRISTIN M FERGUSON
TREASURER & FINANCE CHAIR
- Total calculated
- $0
- Hours/week
- 1.5
-
KRISTINE WEST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
NANCY LAMBERT
SECRETARY & GOVERNANCE CHAIR
- Total calculated
- $0
- Hours/week
- 1.5
-
STEVE GATHJE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
STEVE LEAR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
TERRY HURLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
TIMOTHY DEVANEY
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1.5
-
TODD SCHNELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
PJ HILL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
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 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
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
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 8 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403179349301125
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