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← MINNESOTA STATE COUNCIL ON ECONOMIC EDUCATION

Form 990 for tax year 2024

Filed by MINNESOTA STATE COUNCIL ON ECONOMIC EDUCATION.

Totals

Total revenue
$926,584
Total expenses
$960,279
Contributions and grants received
$701,926
Grants paid
$50,107
Program service revenue
$41,964
Investment income
$182,694
Other revenue
$0
Total assets, end of year
$4,642,509
Total liabilities, end of year
$76,945
Net assets or fund balances, end of year
$4,565,564
Program services expenses (Part IX)
$784,045
Management and general expenses
$106,348
Fundraising expenses
$69,886
Program service expenses (Part III)
$784,045

Program services were 81.6% 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.

  • 1e · Government grants (contributions)

    $260,000

  • 1f · All other contributions, gifts and grants

    $441,926

  • 1g · Noncash contributions included above

    $17,120

  • 2a · Program service revenue: PROGRAM FEES

    total $21,111 · related or exempt $21,111

  • 2b · Program service revenue: OTHER PROGRAM INCOME

    total $20,853 · related or exempt $20,853

  • 3 · Investment income

    total $182,694 · excluded $182,694

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $22,637 · program services $22,637

  • 2 · Grants to domestic individuals

    total $27,470 · program services $27,470

  • 5 · Compensation of officers, directors and key employees

    total $159,195 · program services $132,198 · management and general $17,472 · fundraising $9,525

  • 7 · Other salaries and wages

    total $344,950 · program services $285,732 · management and general $38,716 · fundraising $20,502

  • 9 · Other employee benefits

    total $120,293 · program services $100,443 · management and general $12,326 · fundraising $7,524

  • 11c · Fees: accounting

    total $29,614 · management and general $29,614

  • 11g · Fees: other

    total $103,175 · program services $71,970 · fundraising $31,205

  • 12 · Advertising and promotion

    total $5,840 · program services $5,840

  • 13 · Office expenses

    total $11,301 · program services $8,679 · management and general $2,279 · fundraising $343

  • 14 · Information technology

    total $1,575 · program services $788 · fundraising $787

  • 16 · Occupancy

    total $3,365 · program services $3,365

  • 17 · Travel

    total $18,134 · program services $17,936 · management and general $198

  • 19 · Conferences, conventions and meetings

    total $91,127 · program services $89,867 · management and general $1,260

  • 23 · Insurance

    total $1,381 · management and general $1,381

  • 24a · Other expenses: SUPPLIES IN-KIND

    total $17,120 · program services $17,120

  • 24b · Other expenses: SERVICE FEES

    total $3,102 · management and general $3,102

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $82,867 · end of year $42,392

  • 2 · Savings and temporary cash investments

    beginning of year $3,614,278 · end of year $3,617,863

  • 4 · Accounts receivable

    beginning of year $22,152 · end of year $17,573

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,025 · end of year $1,070

  • 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 $825,977 · end of year $960,356

  • 15 · Other assets

    beginning of year $19,702 · end of year $3,255

  • 17 · Accounts payable and accrued expenses

    beginning of year $84,324 · end of year $76,945

  • 27 · Net assets without donor restrictions

    beginning of year $4,328,305 · end of year $4,349,965

  • 28 · Net assets with donor restrictions

    beginning of year $153,372 · end of year $215,599

Mission and programs · 2024

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 2025, MCEE PROVIDED 125 PROFESSIONAL DEVELOPMENT WORKSHOPS, WITH 245 UNIQUE HOURS OF CONTENT, ALONG WITH CURRICULUM AND OTHER RESOURCES FOR 4,570 TEACHERS GIVING THEM RESEARCH-BASED KNOWLEDGE, TEACHING TECHNIQUES, AND LESSONS TO ASSURE THE 99,204 STUDENTS THEY REACH GAIN STRONG ECONOMIC AND PERSONAL FINANCIAL KNOWLEDGE FOR SUCCESS THROUGH RELEVANT AND ENGAGING REAL-WORLD LEARNING.IN FY 2025, MORE THAN 1,500 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 $784,045 · Grants $50,107 · Revenue $41,964

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kiyrie Abernethy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Kevin Ario

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jonah Barstad

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • April Chung

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Joel Coleman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Timothy Devaney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Emanuel Ekstrom

    STRATEGIC PLANNING CHAIR

    Total calculated
    $0
    Hours/week
    1.5

  • Kristin Ferguson

    TREASURER & FINANCE CHAIR

    Total calculated
    $0
    Hours/week
    1.5

  • Jeanna Fifer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Elba Guille Garza

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Johnathan Gast

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Chelle Gonzo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Terrance Hurley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Bradley Hutter

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1.5

  • Peter Hunter-Hanson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Amy Kamenick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Jason Kley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Nancy Lambert

    SECRETARY & GOVERNANCE CHAIR

    Total calculated
    $0
    Hours/week
    1.5

  • Steve Lear

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Andrew Maas

    DEVELOPMENT CHAIR

    Total calculated
    $0
    Hours/week
    1.5

  • Lynn MacDonald

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Judy Mares

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Kelly McClellan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Jennifer McGarry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Brian Muench

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Kotchi Prosper

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Todd Schnell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Bill Schwietz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Julie Sweitzer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Tracy Yue Wang

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Kristine West

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Julie Bunn

    EXECUTIVE DIRECTOR

    Total calculated
    $158,375
    From this org
    $118,633
    From related orgs
    $0
    Other
    $39,742
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $118,633
    Bonus
    $0
    Other
    $0
    Deferred
    $16,294
    Nontaxable benefits
    $23,448
    Filer's total
    $158,375

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

  • ST CLOUD STATE UNIVERSITY

    $22,637

    STATE SPONSORED RESEARCH

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202513179349309361

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